The global Redox Flow Battery market size is predicted to grow from US$ 366 million in 2025 to US$ 695 million in 2031; it is expected to grow at a CAGR of 11.3% from 2025 to 2031.
A flow battery, or redox flow battery (after reduction鈥搊xidation), is a type of rechargeable battery where recharge ability is provided by two chemical components dissolved in liquids contained within the system and separated by a membrane. Ion exchange (providing flow of electric current) occurs through the membrane while both liquids circulate in their own respective space. Cell voltage is chemically determined by the Nernst equation and ranges, in practical applications, from 1.0 to 2.2 volts. The performance of these devices is governed by the considerations of electrochemical engineering.
The industry"s leading producers are Sumitomo Electric, Dalian Rongke Power and UniEnergy Technologies, which accounted for 21.51%, 21.19% and 11.28% of revenues respectively in 2019.
The 鈥淩edox Flow Battery Industry Forecast鈥� looks at past sales and reviews total world Redox Flow Battery sales in 2024, providing a comprehensive analysis by region and market sector of projected Redox Flow Battery sales for 2025 through 2031. With Redox Flow Battery sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Redox Flow Battery industry.
This Insight Report provides a comprehensive analysis of the global Redox Flow Battery landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Redox Flow Battery portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms鈥� unique position in an accelerating global Redox Flow Battery market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Redox Flow Battery and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Redox Flow Battery.
This report presents a comprehensive overview, market shares, and growth opportunities of Redox Flow Battery market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Vanadium Redox Flow Battery
Hybrid Flow Battery
Segmentation by Application:
Utility Facilities
Renewable Energy Integration
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Sumitomo Electric
Dalian Rongke Power
UniEnergy Technologies
Gildemeister
Primus Power
redTENERGY Storage
EnSync
Key Questions Addressed in this Report
What is the 10-year outlook for the global Redox Flow Battery market?
What factors are driving Redox Flow Battery market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Redox Flow Battery market opportunities vary by end market size?
How does Redox Flow Battery break out by Type, by Application?
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1 Scope of the Report
1.1 麻豆原创 Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 麻豆原创 Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 麻豆原创 Estimation Caveats
2 Executive Summary
2.1 World 麻豆原创 Overview
2.1.1 Global Redox Flow Battery Annual Sales 2020-2031
2.1.2 World Current & Future Analysis for Redox Flow Battery by Geographic Region, 2020, 2024 & 2031
2.1.3 World Current & Future Analysis for Redox Flow Battery by Country/Region, 2020, 2024 & 2031
2.2 Redox Flow Battery Segment by Type
2.2.1 Vanadium Redox Flow Battery
2.2.2 Hybrid Flow Battery
2.3 Redox Flow Battery Sales by Type
2.3.1 Global Redox Flow Battery Sales 麻豆原创 Share by Type (2020-2025)
2.3.2 Global Redox Flow Battery Revenue and 麻豆原创 Share by Type (2020-2025)
2.3.3 Global Redox Flow Battery Sale Price by Type (2020-2025)
2.4 Redox Flow Battery Segment by Application
2.4.1 Utility Facilities
2.4.2 Renewable Energy Integration
2.4.3 Others
2.5 Redox Flow Battery Sales by Application
2.5.1 Global Redox Flow Battery Sale 麻豆原创 Share by Application (2020-2025)
2.5.2 Global Redox Flow Battery Revenue and 麻豆原创 Share by Application (2020-2025)
2.5.3 Global Redox Flow Battery Sale Price by Application (2020-2025)
3 Global by Company
3.1 Global Redox Flow Battery Breakdown Data by Company
3.1.1 Global Redox Flow Battery Annual Sales by Company (2020-2025)
3.1.2 Global Redox Flow Battery Sales 麻豆原创 Share by Company (2020-2025)
3.2 Global Redox Flow Battery Annual Revenue by Company (2020-2025)
3.2.1 Global Redox Flow Battery Revenue by Company (2020-2025)
3.2.2 Global Redox Flow Battery Revenue 麻豆原创 Share by Company (2020-2025)
3.3 Global Redox Flow Battery Sale Price by Company
3.4 Key Manufacturers Redox Flow Battery Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Redox Flow Battery Product Location Distribution
3.4.2 Players Redox Flow Battery Products Offered
3.5 麻豆原创 Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.6 New Products and Potential Entrants
3.7 麻豆原创 M&A Activity & Strategy
4 World Historic Review for Redox Flow Battery by Geographic Region
4.1 World Historic Redox Flow Battery 麻豆原创 Size by Geographic Region (2020-2025)
4.1.1 Global Redox Flow Battery Annual Sales by Geographic Region (2020-2025)
4.1.2 Global Redox Flow Battery Annual Revenue by Geographic Region (2020-2025)
4.2 World Historic Redox Flow Battery 麻豆原创 Size by Country/Region (2020-2025)
4.2.1 Global Redox Flow Battery Annual Sales by Country/Region (2020-2025)
4.2.2 Global Redox Flow Battery Annual Revenue by Country/Region (2020-2025)
4.3 Americas Redox Flow Battery Sales Growth
4.4 APAC Redox Flow Battery Sales Growth
4.5 Europe Redox Flow Battery Sales Growth
4.6 Middle East & Africa Redox Flow Battery Sales Growth
5 Americas
5.1 Americas Redox Flow Battery Sales by Country
5.1.1 Americas Redox Flow Battery Sales by Country (2020-2025)
5.1.2 Americas Redox Flow Battery Revenue by Country (2020-2025)
5.2 Americas Redox Flow Battery Sales by Type (2020-2025)
5.3 Americas Redox Flow Battery Sales by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Redox Flow Battery Sales by Region
6.1.1 APAC Redox Flow Battery Sales by Region (2020-2025)
6.1.2 APAC Redox Flow Battery Revenue by Region (2020-2025)
6.2 APAC Redox Flow Battery Sales by Type (2020-2025)
6.3 APAC Redox Flow Battery Sales by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Redox Flow Battery by Country
7.1.1 Europe Redox Flow Battery Sales by Country (2020-2025)
7.1.2 Europe Redox Flow Battery Revenue by Country (2020-2025)
7.2 Europe Redox Flow Battery Sales by Type (2020-2025)
7.3 Europe Redox Flow Battery Sales by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Redox Flow Battery by Country
8.1.1 Middle East & Africa Redox Flow Battery Sales by Country (2020-2025)
8.1.2 Middle East & Africa Redox Flow Battery Revenue by Country (2020-2025)
8.2 Middle East & Africa Redox Flow Battery Sales by Type (2020-2025)
8.3 Middle East & Africa Redox Flow Battery Sales by Application (2020-2025)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 麻豆原创 Drivers, Challenges and Trends
9.1 麻豆原创 Drivers & Growth Opportunities
9.2 麻豆原创 Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Redox Flow Battery
10.3 Manufacturing Process Analysis of Redox Flow Battery
10.4 Industry Chain Structure of Redox Flow Battery
11 麻豆原创ing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Redox Flow Battery Distributors
11.3 Redox Flow Battery Customer
12 World Forecast Review for Redox Flow Battery by Geographic Region
12.1 Global Redox Flow Battery 麻豆原创 Size Forecast by Region
12.1.1 Global Redox Flow Battery Forecast by Region (2026-2031)
12.1.2 Global Redox Flow Battery Annual Revenue Forecast by Region (2026-2031)
12.2 Americas Forecast by Country (2026-2031)
12.3 APAC Forecast by Region (2026-2031)
12.4 Europe Forecast by Country (2026-2031)
12.5 Middle East & Africa Forecast by Country (2026-2031)
12.6 Global Redox Flow Battery Forecast by Type (2026-2031)
12.7 Global Redox Flow Battery Forecast by Application (2026-2031)
13 Key Players Analysis
13.1 Sumitomo Electric
13.1.1 Sumitomo Electric Company Information
13.1.2 Sumitomo Electric Redox Flow Battery Product Portfolios and Specifications
13.1.3 Sumitomo Electric Redox Flow Battery Sales, Revenue, Price and Gross Margin (2020-2025)
13.1.4 Sumitomo Electric Main Business Overview
13.1.5 Sumitomo Electric Latest Developments
13.2 Dalian Rongke Power
13.2.1 Dalian Rongke Power Company Information
13.2.2 Dalian Rongke Power Redox Flow Battery Product Portfolios and Specifications
13.2.3 Dalian Rongke Power Redox Flow Battery Sales, Revenue, Price and Gross Margin (2020-2025)
13.2.4 Dalian Rongke Power Main Business Overview
13.2.5 Dalian Rongke Power Latest Developments
13.3 UniEnergy Technologies
13.3.1 UniEnergy Technologies Company Information
13.3.2 UniEnergy Technologies Redox Flow Battery Product Portfolios and Specifications
13.3.3 UniEnergy Technologies Redox Flow Battery Sales, Revenue, Price and Gross Margin (2020-2025)
13.3.4 UniEnergy Technologies Main Business Overview
13.3.5 UniEnergy Technologies Latest Developments
13.4 Gildemeister
13.4.1 Gildemeister Company Information
13.4.2 Gildemeister Redox Flow Battery Product Portfolios and Specifications
13.4.3 Gildemeister Redox Flow Battery Sales, Revenue, Price and Gross Margin (2020-2025)
13.4.4 Gildemeister Main Business Overview
13.4.5 Gildemeister Latest Developments
13.5 Primus Power
13.5.1 Primus Power Company Information
13.5.2 Primus Power Redox Flow Battery Product Portfolios and Specifications
13.5.3 Primus Power Redox Flow Battery Sales, Revenue, Price and Gross Margin (2020-2025)
13.5.4 Primus Power Main Business Overview
13.5.5 Primus Power Latest Developments
13.6 redTENERGY Storage
13.6.1 redTENERGY Storage Company Information
13.6.2 redTENERGY Storage Redox Flow Battery Product Portfolios and Specifications
13.6.3 redTENERGY Storage Redox Flow Battery Sales, Revenue, Price and Gross Margin (2020-2025)
13.6.4 redTENERGY Storage Main Business Overview
13.6.5 redTENERGY Storage Latest Developments
13.7 EnSync
13.7.1 EnSync Company Information
13.7.2 EnSync Redox Flow Battery Product Portfolios and Specifications
13.7.3 EnSync Redox Flow Battery Sales, Revenue, Price and Gross Margin (2020-2025)
13.7.4 EnSync Main Business Overview
13.7.5 EnSync Latest Developments
14 Research Findings and Conclusion
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*If Applicable.
