Flow Battery Market Report 2025, Trends And Growth, Share
Redox flow batteries are energy storage devices that store electrical energy in chemical solutions contained in tanks and release IT through a chemical reaction.
On the basis of its application, the global flow battery market can be segmented into power, automotive, residential, industrial, energy storage, and others. The increasing demand for electricity and increased adoption of solar and wind power has seen the power segment hold a larger market share in the global flow battery market.
The high upfront cost indulged in the manufacturing and installation of the flow batteries acts as key market restraint for the global flow battery market. Also, the low power density as compared to the lithium-ion batteries acts as the key market restraint for the global flow battery market.
The flow battery market in the US was projected to grow to US$ 63 million in 2023. The country now controls 20.6% of the global market. Over the course of the study period, it is expected that China, the second-largest economy in the world, would expand at a considerable CAGR reaching an estimated market size of US$162 million in 2033.
The high costs of installation and maintenance expenses for flow battery systems present a significant challenge for market growth. Flow batteries face limitations in terms of energy density compared to other battery technologies, such as lithium-ion batteries.
PDF includes complete article with source references for printing and offline reading.
Download detailed specifications for our commercial energy storage cabinets, PCS, BMS and EMS systems.
Energy Park Precinct, Unit 15
Johannesburg 2001, South Africa
+27 10 446 7800
Monday - Friday: 7:30 AM - 5:30 PM SAST