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Global Stationary Flow Battery Energy Storage Growth Opportunities

Demand for Longer duration Storage will Drive Future Growth Potential

INDUSTRY
Energy

RELEASE DATE
16-Aug-2023

REGION
Global

DELIVERABLE TYPE
Market Research

RESEARCH CODE
PEFE-01-00-00-00

SKU
TEMP_2023_90

Global Stationary Flow Battery Energy Storage Growth Opportunities
Published on: 16-Aug-2023 | SKU: TEMP_2023_90

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Description

This study provides a broad overview of the global stationary flow battery energy storage market, identifying the factors driving and restraining growth. The increasing adoption of renewable sources of power, particularly in the utilities and commercial and industrial (C&I) sectors, has driven the demand for long-duration energy storage systems. Flow batteries for energy storage make economic sense in many countries that have access to the resources used in electrolytes. They have gained attention for the advantages (non-flammability, long lifecycles, etc.) they provide over lithium batteries. The study also examines the investment commitments towards the development of flow batteries made by the stakeholders in the industry. The base year is 2022, and the forecast period is 2023 to 2030.

Key Issues Addressed:

What is the value proposition of flow battery energy storage as long-duration energy storage?
What are the advantages and disadvantages of the different types of flow batteries? How do they compare with the advantages and disadvantages of lithium batteries?
What is the installed capacity of flow battery storage assets globally, and what is the total storage capacity addition potential by region and storage type during the forecast period?
Who are the key end users, and what are some of the flow battery hotspots globally?
What are the factors considered when adopting energy storage technologies?
What degree of policy support is available for value chain participants in different regions across the globe?
Who are the key players in the vanadium flow battery value chain?
What are the growth opportunities available for new entrants and existing players?

Table of Contents

Strategic Imperatives

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Stationary Flow Battery Energy Storage Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Key Findings

Growth Opportunity Analysis—Why Flow Batteries?

Scope of Analysis

Flow Battery Energy Storage Use Cases

Key Considerations in Choice of Energy Storage

Energy Storage Technology Ecosystem

Comparison of Alternatives to Flow Batteries

Types of Flow Batteries

Key Flow Battery Chemistries Compared with Li-ion

Growth Drivers

Growth Restraints

Growth Opportunity Analysis—Global Forecasts

Annual Flow Battery Energy Storage Capacity Addition by Region

Annual Flow Battery Energy Storage Capacity Addition by End User

Annual Flow Battery Energy Storage Capacity Addition by Flow Battery Type

Installed Flow Battery Energy Storage Capacity by Flow Battery Type

Growth Opportunity Analysis by Flow Battery Type

VRFBs

Annual VRFB Storage Capacity Addition by Region

Annual VRFB Storage Capacity Addition by End User

Competitive Landscape

Key VRFB Manufacturers—Europe & North America

Key VRFB Manufacturers—China & East Asia

Key VRFB Manufacturers—China & East Asia (continued)

Status of VRFB

CellCube Inc.

IFBs

ESS Inc.

ZFBs

Redflow Limited

H-Br FBs

Organic RFBs

Other New Chemistries

Growth Opportunity Analysis y Region

Europe

North America

China

APAC

RoW

Growth Opportunity Universe

Growth Opportunity 1: Electrolyte-as-a-Service

Growth Opportunity 1: Electrolyte-as-a-Service (continued)

Growth Opportunity 2: Strategic Partnerships

Growth Opportunity 2: Strategic Partnerships (continued)

Growth Opportunity 3: Advanced Materials and Electrolyte Efficiency

Growth Opportunity 3: Advanced Materials and Electrolyte Efficiency (continued)

List of Exhibits

List of Exhibits (continued)

Legal Disclaimer

List of Figures & Charts

List of Figures

Flow Battery Energy Storage: Growth Drivers, Global, 2023-2030
Flow Battery Energy Storage: Growth Restraints, Global, 2023-2030
Flow Battery Energy Storage: Annual Additions by Region, Global, 2022-2030
Flow Battery Energy Storage: Annual Additions by End User, Global, 2022-2030
Flow Battery Energy Storage: Annual Additions by Type, Global, 2022-2030
Flow Battery Energy Storage: Installed Capacity by Type, Global, 2022-2030
Flow Battery Energy Storage: VRFB Annual Additions by Region, Global, 2022-2030
Flow Battery Energy Storage: VRFB Annual Additions by End User, Global, 2022-2030
Flow Battery Energy Storage: IFB Total Potential Additions by Region, Global, 2023-2030
Flow Battery Energy Storage: IFB Annual Additions by End User, Global, 2022-2030
Flow Battery Energy Storage: ZFB Annual Additions by End User, Global, 2022-2030
Flow Battery Energy Storage: ZFB Total Potential Additions by Region, Global, 2023-2030
Flow Battery Energy Storage: H-Br total Potential Additions by Region, Global, 2023-2030
Flow Battery Energy Storage: Total Potential Additions by Type, Europe, 2023-2030
Flow Battery Energy Storage: Total Potential Additions by Type, North America, 2023-2030
Flow Battery Energy Storage: Total Potential Additions by Type, China, 2023-2030
Flow Battery Energy Storage: Total Potential Additions by Type, APAC, 2023-2030
Flow Battery Energy Storage: Annual Additions by End User, RoW, 2022-2030
Flow Battery Energy Storage: Total Potential Additions by Type, RoW, 2023-2030

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