Flow Batteries: Global Markets
The global flow battery market was valued at $344.7 million in 2023. This market is expected to grow from $416.3 million in 2024 to $1.1 billion by the end of 2029, at a compound annual growth rate (CAGR) of 21.7% from 2024 through 2029.
世界のフロー電池市場は、2023 年に 3 億 4,470 万ドルと評価されています。この市場は、2024 年から 2029 年までの年間平均成長率 (CAGR) 21.7% で、2024 年の 4 億 1,630 万ドルから 2029 年末までに 11 億ドルに成長すると予想されています。
Report Scope
This report analyzes the flow battery market by battery type, battery material, deployment, application and end-use industries. Additionally, the report discusses the technological, regulatory, competitive and economic trends that impact the market. The analyst has included a patent analysis for the flow battery market, which depicts a strong investment prospect for investors. It analyzes emerging technologies, the impact of COVID-19, and the competitive landscape, which enables the reader to understand the global market. The report concludes by looking at environmental, social and governance (ESG) developments and by providing detailed profiles of the major manufacturers of flow batteries.
The report also includes analysis by region (North America, Europe, Asia-Pacific, South America, and the Middle East and Africa) and by country (the U.S., Germany, the U.K., and China), using 2023 as a base year. Estimates are provided for 2024, and market values are forecast through 2029. All market values are in dollar ($) millions. The report excludes the automotive industry as an end-use industry, specifically the transportation sector, which involves the EV industry.
Report Synopsis
| Report Metrics | Details | ||||||||||||||
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| Base year considered | 2023 | ||||||||||||||
| Forecast period considered | 2024 to 2029 | ||||||||||||||
| Base year market size | $344.7 Million | ||||||||||||||
| Market size forecast | $1.1 Billion | ||||||||||||||
| Growth rate | CAGR of 21.7% from 2024 to 2029 | ||||||||||||||
| Units considered | $ Millions | ||||||||||||||
| Segments covered | By Battery Type, Battery Material, Deployment Type, Application, End-Use, and Region | ||||||||||||||
| Regions covered | North America, Europe, Asia-Pacific, and the Rest of the World (South America and Middle East and Africa) | ||||||||||||||
| Countries covered | United States, Canada, Mexico, Germany, U.K., France, Spain, Italy, Japan, South Korea, China and India | ||||||||||||||
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