1 エグゼクティブ・サマリー
2 序文
2.1 概要
2.2 ステークホルダー
2.3 調査範囲
2.4 調査方法
2.4.1 データマイニング
2.4.2 データ分析
2.4.3 データの検証
2.4.4 リサーチアプローチ
2.5 リサーチソース
2.5.1 一次調査ソース
2.5.2 セカンダリーリサーチソース
2.5.3 前提条件
3 市場動向分析
3.1 はじめに
3.2 推進要因
3.3 抑制要因
3.4 機会
3.5 脅威
3.6 アプリケーション分析
3.7 新興市場
3.8 Covid-19の影響
4 ポーターズファイブフォース分析
4.1 供給者の交渉力
4.2 買い手の交渉力
4.3 代替品の脅威
4.4 新規参入の脅威
4.5 競争上のライバル関係
5 鉄フロー電池の世界市場、電池タイプ別
5.1 はじめに
5.2 ハイブリッドフロー電池
5.3 レドックスフロー電池
6 鉄フロー電池の世界市場：タイプ別
6.1 はじめに
6.2 100MW未満
6.3 100MW以上500MW未満
6.4 500MW以上
7 鉄フロー電池の世界市場：材料別
7.1 はじめに
7.2 バナジウム
7.3 亜鉛-臭素
7.4 その他の材料
8 鉄フロー電池の世界市場：電解質別
8.1 はじめに
8.2 水系
8.3 非水系
9 鉄フロー電池の世界市場：展開別
9.1 はじめに
9.2 オングリッド
9.3 オフグリッド
10 鉄フロー電池の世界市場：用途別
10.1 はじめに
10.2 商業・産業用
10.3 EV充電ステーション
10.4 マイクログリッド
10.5 再生可能エネルギー貯蔵
10.6 住宅用
10.7 ユーティリティ施設
10.8 その他の用途
11 鉄フロー電池の世界市場：地域別
11.1 はじめに
11.2 北米
11.2.1 アメリカ
11.2.2 カナダ
11.2.3 メキシコ
11.3 ヨーロッパ
11.3.1 ドイツ
11.3.2 イギリス
11.3.3 イタリア
11.3.4 フランス
11.3.5 スペイン
11.3.6 その他のヨーロッパ
11.4 アジア太平洋
11.4.1 日本
11.4.2 中国
11.4.3 インド
11.4.4 オーストラリア
11.4.5 ニュージーランド
11.4.6 韓国
11.4.7 その他のアジア太平洋地域
11.5 南米
11.5.1 アルゼンチン
11.5.2 ブラジル
11.5.3 チリ
11.5.4 その他の南米地域
11.6 中東・アフリカ
11.6.1 サウジアラビア
11.6.2 アラブ首長国連邦
11.6.3 カタール
11.6.4 南アフリカ
11.6.5 その他の中東・アフリカ地域
12 主要開発
12.1 契約、パートナーシップ、提携、合弁事業
12.2 買収と合併
12.3 新製品上市
12.4 拡張
12.5 その他の主要戦略
13 企業プロフィール
Sumitomo Electric Industries Ltd.
UniEnergy Technologies
Lockheed Martin Corporation
CellCube Energy Storage Systems Inc
Primus Power
Bushveld Energy
ViZn Energy Systems
Australian Vanadium Limited
Redflow Limited
ESS, Inc.
Grupo Saesa
Invinity Energy Systems
VRB Energy
Largo Clean Energy.
表の一覧
表1 世界の鉄フロー電池市場展望：地域別（2022年～2030年）（単位：百万米ドル）
表2 世界の鉄フロー電池市場展望：電池タイプ別（2022年～2030年）（単位：百万米ドル）
表3 世界の鉄フロー電池市場展望：ハイブリッドフロー電池別（2022年～2030年）（単位：百万米ドル）
表4 世界の鉄フロー電池市場展望：レドックスフロー電池別（2022年～2030年）（百万ドル）
表5 世界の鉄フロー電池市場展望：タイプ別（2022年～2030年）（百万ドル）
表6 世界の鉄フロー電池市場展望：100MW未満（2022年～2030年）（百万ドル）
表7 世界の鉄フロー電池市場展望：100 MW～500 MW（2022年～2030年）（単位：百万ドル）
表8 世界の鉄フロー電池市場展望：500 MW超（2022年～2030年）（単位：百万ドル）
表9 世界の鉄フロー電池市場展望：材料別（2022年～2030年）（単位：百万ドル）
表10 世界の鉄フロー電池市場展望：バナジウム別（2022年～2030年）（百万ドル）
表11 世界の鉄フロー電池市場展望：亜鉛-臭素別（2022年～2030年）（百万ドル）
表12 世界の鉄フロー電池市場展望：その他材料別（2022年～2030年）（百万ドル）
表13 世界の鉄フロー電池市場展望：電解液別（2022年～2030年）（百万ドル）
表14 世界の鉄フロー電池市場展望：水性別（2022年～2030年）（百万ドル）
表15 世界の鉄フロー電池市場展望：非水性別（2022年～2030年）（百万ドル）
表16 世界の鉄フロー電池市場展望：導入別（2022年～2030年）（百万ドル）
表17 世界の鉄フロー電池市場展望：系統連系（2022年～2030年）（百万ドル）
表18 世界の鉄フロー電池市場展望：独立系（2022年～2030年）（百万ドル）
表19 世界の鉄フロー電池市場展望：用途別（2022年～2030年）（百万ドル）
表20 世界の鉄フロー電池市場展望：商業および産業別（2022年～2030年）（百万ドル）
表21 世界の鉄フロー電池市場展望：EV充電ステーション別（2022年～2030年）（百万ドル）
表22 世界の鉄フロー電池市場展望：マイクログリッド別（2022年～2030年）（百万ドル）
表23 世界の鉄フロー電池市場展望：再生可能エネルギー貯蔵別（2022年～2030年）（百万ドル）
表24 世界の鉄フロー電池市場展望：住宅用別（2022年～2030年）（百万ドル）
表25 世界の鉄フロー電池市場展望：公益事業施設別（2022年～2030年）（百万ドル）
表26 世界の鉄フロー電池市場展望：その他の用途別（2022年～2030年）（百万ドル）
注：北米、ヨーロッパ、APAC、南米、中東・アフリカ地域の表も、上記と同様の形式で表示されています。
According to the International Flow Battery Forum, as reported by Chemical & Engineering News (C&EN), flow batteries could be storing about 61 MWh of electricity each year and generating annual sales for producers of more than $22 billion by 2030.
Market Dynamics:
Driver:
Increasing need for power sources
The world's energy landscape is changing dramatically as nations work to meet their energy needs in a sustainable manner. The need for dependable energy storage solutions has increased due to the frequency of power outages becoming more frequent and the requirement for grid stability. Iron-flow batteries have the capacity to store excess energy produced on days with high production, like sunny or windy ones, and release it on days with low generation or high demand. Additionally, iron-flow batteries are a vital part of present energy infrastructure because of their capacity to improve energy reliability and facilitate the grid's integration of variable renewable energy sources.
Restraint:
Excessive initial capital expenses
The high initial capital investment needed for deployment is one of the biggest obstacles to the widespread adoption of iron-flow batteries. These systems can be developed, manufactured, and installed at significant financial expense. Component, material, and infrastructure setup costs are included in this. Furthermore, these up-front expenses may be too much for small and medium-sized businesses (SMEs), which restrict their capacity to invest in iron flow battery technology even with its long-term advantages.
Opportunity:
Growing renewable energy source integration
There is a growing need for efficient energy storage solutions due to the world's transition to renewable energy sources like solar and wind. Because iron-flow batteries can store a lot of energy for a long time, they are perfect for balancing supply and demand in renewable energy systems, which makes them especially well-suited for this role. Moreover, iron-flow batteries will become more and more necessary as governments and organizations invest in renewable infrastructure, making them a vital part of accomplishing energy transition objectives.
Threat:
Fierce rivalry from well-established technologies
Lithium-ion batteries and vanadium redox flow batteries, two well-established energy storage technologies, are the main competitors for the iron flow battery market. Due to their high energy density, extensive usage in consumer electronics, and well-established supply chains, lithium-ion batteries have dominated the market. Furthermore, they gain from economies of scale that enable reduced expenses and enhanced functionality. Iron-flow batteries face a great deal of competition in this market, and in order to increase their market share, they must show that they are superior in particular applications.
Covid-19 Impact
The market for iron flow batteries has been significantly impacted by the COVID-19 pandemic, which has also caused major disruptions in project installations and supply chains. There was a decrease in the installation of flow batteries for a variety of applications in 2020 as a result of numerous projects experiencing delays or cancellations because of limitations on construction activities and the closure of manufacturing facilities. Moreover, the pandemic also resulted in shortages of vital parts needed for battery manufacturing, which made the market's difficulties even worse.
The Below 100 MW segment is expected to be the largest during the forecast period
The largest share is held by the below 100 MW segment, due to the growing need for energy storage solutions in small-scale industrial, commercial, and residential settings is the main driver of this market. Because of their long life cycle of about 20 years without degradation and safety features like not being toxic or flammable, iron flow batteries are especially well-suited for these applications. Additionally, the market for iron-flow batteries is further supported by the growing trend of smaller-scale integration of renewable energy sources, such as microgrids and solar installations.
The Commercial & Industrial segment is expected to have the highest CAGR during the forecast period
In the iron-flow battery market, the commercial and industrial segment is anticipated to grow at the highest CAGR. The need for dependable and effective energy storage solutions in commercial and industrial settings, where power demands can be high and fluctuating, is what is fueling this growth. For these kinds of applications, iron-flow batteries are especially useful because of their extended lifespan, built-in safety features, and capacity for scalable energy storage. Furthermore, the demand for iron-flow batteries in the commercial and industrial sectors is expected to rise significantly as businesses look to optimize energy usage, reduce operating costs, and integrate renewable energy sources into their operations.
Region with largest share:
The market for iron-flow batteries is dominated by the Asia-Pacific region. Numerous factors contribute to this dominance, including the large number of operational flow battery installations in a variety of applications, including commercial, industrial, residential, and utility sectors. Leading nations include China and Australia, with China having the largest installed flow battery capacity overall. The increasing need for energy storage solutions to facilitate the integration of renewable energy sources and improve grid stability is driving the growth of the region. Moreover, the market in this region is anticipated to grow during the forecast period due to factors such as rising investments in energy storage projects and a growing focus on sustainable energy practices in major economies like India and Japan.
Region with highest CAGR:
Due to its strong manufacturing sector and rising investments in renewable energy projects, the North American region is expected to have the highest CAGR in the iron-flow battery market. The need for efficient energy storage solutions is fueled by the existence of important industries such as chemicals, oil and gas production, and power generation. The preference for non-flammable and non-toxic iron flow batteries is further bolstered by North America's emphasis on safety and dependability in energy systems. Additionally, iron-flow battery adoption is anticipated to increase as the region continues to prioritize grid stability and the integration of renewable energy sources, establishing North America as a key player in the global market landscape.
Key players in the market
Some of the key players in Iron Flow Battery market include Sumitomo Electric Industries Ltd., UniEnergy Technologies, Lockheed Martin Corporation , CellCube Energy Storage Systems Inc, Primus Power, Bushveld Energy, ViZn Energy Systems, Australian Vanadium Limited, Redflow Limited, ESS, Inc., Grupo Saesa, Invinity Energy Systems, VRB Energy and Largo Clean Energy.
Key Developments:
In August 2024, Lockheed Martin announced the signing of a definitive agreement to acquire Terran Orbital, a global leader of satellite-based solutions primarily supporting the aerospace and defense industries. Terran Orbital brings a high throughput, robotic manufacturing capacity and high-performing modular space vehicle designs.
In May 2024, Sumitomo Electric Industries, Ltd. announces that it has received the contract for the 250-kV DC XLPE cable construction, a pivotal part of the Hokuto-Imabetsu HVDC (high-voltage direct current) Link Enhancement Project being implemented by Hokkaido Electric Power Network, Inc.
Battery Types Covered:
• Hybrid Flow Battery
• Redox Flow Battery
Types Covered:
• Below 100 MW
• 100 MW to 500 MW
• Above 500 MW
Materials Covered:
• Vanadium
• Zinc-Bromine
• Other Materials
Electrolytes Covered:
• Aqueous
• Non-Aqueous
Deployments Covered:
• On-Grid
• Off-Grid
Applications Covered:
• Commercial & Industrial
• EV Charging Stations
• Microgrids
• Renewable Energy Storage
• Residential
• Utility Facilities
• Other Applications
Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:
Market share assessments for the regional and country-level segments
Strategic recommendations for the new entrants
Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends
Company profiling with detailed strategies, financials, and recent developments
Supply chain trends mapping the latest technological advancements
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Iron Flow Battery Market, By Battery Type
5.1 Introduction
5.2 Hybrid Flow Battery
5.3 Redox Flow Battery
6 Global Iron Flow Battery Market, By Type
6.1 Introduction
6.2 Below 100 MW
6.3 100 MW to 500 MW
6.4 Above 500 MW
7 Global Iron Flow Battery Market, By Material
7.1 Introduction
7.2 Vanadium
7.3 Zinc-Bromine
7.4 Other Materials
8 Global Iron Flow Battery Market, By Electrolyte
8.1 Introduction
8.2 Aqueous
8.3 Non-Aqueous
9 Global Iron Flow Battery Market, By Deployment
9.1 Introduction
9.2 On-Grid
9.3 Off-Grid
10 Global Iron Flow Battery Market, By Application
10.1 Introduction
10.2 Commercial & Industrial
10.3 EV Charging Stations
10.4 Microgrids
10.5 Renewable Energy Storage
10.6 Residential
10.7 Utility Facilities
10.8 Other Applications
11 Global Iron Flow Battery Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Sumitomo Electric Industries Ltd.
13.2 UniEnergy Technologies
13.3 Lockheed Martin Corporation
13.4 CellCube Energy Storage Systems Inc
13.5 Primus Power
13.6 Bushveld Energy
13.7 ViZn Energy Systems
13.8 Australian Vanadium Limited
13.9 Redflow Limited
13.10 ESS, Inc.
13.11 Grupo Saesa
13.12 Invinity Energy Systems
13.13 VRB Energy
13.14 Largo Clean Energy
List of Tables
Table 1 Global Iron Flow Battery Market Outlook, By Region (2022-2030) ($MN)
Table 2 Global Iron Flow Battery Market Outlook, By Battery Type (2022-2030) ($MN)
Table 3 Global Iron Flow Battery Market Outlook, By Hybrid Flow Battery (2022-2030) ($MN)
Table 4 Global Iron Flow Battery Market Outlook, By Redox Flow Battery (2022-2030) ($MN)
Table 5 Global Iron Flow Battery Market Outlook, By Type (2022-2030) ($MN)
Table 6 Global Iron Flow Battery Market Outlook, By Below 100 MW (2022-2030) ($MN)
Table 7 Global Iron Flow Battery Market Outlook, By 100 MW to 500 MW (2022-2030) ($MN)
Table 8 Global Iron Flow Battery Market Outlook, By Above 500 MW (2022-2030) ($MN)
Table 9 Global Iron Flow Battery Market Outlook, By Material (2022-2030) ($MN)
Table 10 Global Iron Flow Battery Market Outlook, By Vanadium (2022-2030) ($MN)
Table 11 Global Iron Flow Battery Market Outlook, By Zinc-Bromine (2022-2030) ($MN)
Table 12 Global Iron Flow Battery Market Outlook, By Other Materials (2022-2030) ($MN)
Table 13 Global Iron Flow Battery Market Outlook, By Electrolyte (2022-2030) ($MN)
Table 14 Global Iron Flow Battery Market Outlook, By Aqueous (2022-2030) ($MN)
Table 15 Global Iron Flow Battery Market Outlook, By Non-Aqueous (2022-2030) ($MN)
Table 16 Global Iron Flow Battery Market Outlook, By Deployment (2022-2030) ($MN)
Table 17 Global Iron Flow Battery Market Outlook, By On-Grid (2022-2030) ($MN)
Table 18 Global Iron Flow Battery Market Outlook, By Off-Grid (2022-2030) ($MN)
Table 19 Global Iron Flow Battery Market Outlook, By Application (2022-2030) ($MN)
Table 20 Global Iron Flow Battery Market Outlook, By Commercial & Industrial (2022-2030) ($MN)
Table 21 Global Iron Flow Battery Market Outlook, By EV Charging Stations (2022-2030) ($MN)
Table 22 Global Iron Flow Battery Market Outlook, By Microgrids (2022-2030) ($MN)
Table 23 Global Iron Flow Battery Market Outlook, By Renewable Energy Storage (2022-2030) ($MN)
Table 24 Global Iron Flow Battery Market Outlook, By Residential (2022-2030) ($MN)
Table 25 Global Iron Flow Battery Market Outlook, By Utility Facilities (2022-2030) ($MN)
Table 26 Global Iron Flow Battery Market Outlook, By Other Applications (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
