Report overview
The global All-Iron Redox Flow Battery market was valued at US$ 393.9 million in 2023 and is projected to reach US$ 3869.4 million by 2030, at a CAGR of 38.6% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
All-Iron Redox Flow Battery uses iron salt and water as the electrolyte. When the battery is working, the positive and negative electrolytes are forced to circulate through the respective reaction chambers by their respective liquid pumps, and participate in the electrochemical reaction through the stack to realize the exchange of chemical energy and electrical energy. Conversion, so as to realize the storage and release of electric energy. During charging, ferrous iron (Fe+2) is oxidized to ferric iron (Fe+3) on the positive (positive) pole of the battery and reduced to ferrous metal on the negative (negative) pole of the battery. A porous separator is used to minimize the mixing of positive and negative electrolytes, which helps to increase the Coulombic efficiency of the battery. Positive and negative electrolytes are stored in separate tanks outside the battery, and this electrolyte is constantly pumped in and out of the battery during operation. To convert chemical energy back into electrical energy, the reactions are reversed; at the positive electrode of the battery, ferric iron is reduced to ferrous, and at the negative electrode, metallic iron is oxidized to ferrous. During these charge and discharge cycles, the pH of the positive and negative electrolytes changes significantly. A proton pump ensures that the pH of the electrolyte remains stable and free of any hydroxides. The duration of stored energy can vary independently of power. To increase the duration for an all-iron flow battery, all you need to do is add electrolyte to the tank.In terms of product types, the type of less than 1000 watt-hours is the first segment of the market, accounting for 41.34%. All-iron flow batteries are the most widely used in commercial and industrial fields, accounting for 66.41%. ESS, Inc is currently the only manufacturer in the global market, and its production place is in the United States.
All-Iron Redox Flow Battery uses iron salt and water as the electrolyte. When the battery is working, the positive and negative electrolytes are forced to circulate through the respective reaction chambers by their respective liquid pumps, and participate in the electrochemical reaction through the stack to realize the exchange of chemical energy and electrical energy. Conversion, so as to realize the storage and release of electric energy. During charging, ferrous iron (Fe+2) is oxidized to ferric iron (Fe+3) on the positive (positive) pole of the battery and reduced to ferrous metal on the negative (negative) pole of the battery. A porous separator is used to minimize the mixing of positive and negative electrolytes, which helps to increase the Coulombic efficiency of the battery. Positive and negative electrolytes are stored in separate tanks outside the battery, and this electrolyte is constantly pumped in and out of the battery during operation. To convert chemical energy back into electrical energy, the reactions are reversed; at the positive electrode of the battery, ferric iron is reduced to ferrous, and at the negative electrode, metallic iron is oxidized to ferrous. During these charge and discharge cycles, the pH of the positive and negative electrolytes changes significantly. A proton pump ensures that the pH of the electrolyte remains stable and free of any hydroxides. The duration of stored energy can vary independently of power. To increase the duration for an all-iron flow battery, all you need to do is add electrolyte to the tank.
This report aims to provide a comprehensive presentation of the global market for All-Iron Redox Flow Battery, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding All-Iron Redox Flow Battery. This report contains market size and forecasts of All-Iron Redox Flow Battery in global, including the following market information:
Global All-Iron Redox Flow Battery Market Revenue, 2019-2024, 2025-2030, ($ millions)
Global All-Iron Redox Flow Battery Market Sales, 2019-2024, 2025-2030, (K Wh)
Global top five All-Iron Redox Flow Battery companies in 2023 (%)
We surveyed the All-Iron Redox Flow Battery manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global All-Iron Redox Flow Battery Market, by Type, 2019-2024, 2025-2030 ($ Millions) & (K Wh)
Global All-Iron Redox Flow Battery Market Segment Percentages, by Type, 2023 (%)
Less than 1000 kwh
1000 -2000 kwh
More than 2000 kwh
Global All-Iron Redox Flow Battery Market, by Application, 2019-2024, 2025-2030 ($ Millions) & (K Wh)
Global All-Iron Redox Flow Battery Market Segment Percentages, by Application, 2023 (%)
Utilities
Business and Industry
Off Grid and Microgrid
Global All-Iron Redox Flow Battery Market, By Region and Country, 2019-2024, 2025-2030 ($ Millions) & (K Wh)
Global All-Iron Redox Flow Battery Market Segment Percentages, By Region and Country, 2023 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies All-Iron Redox Flow Battery revenues in global market, 2019-2024 (Estimated), ($ millions)
Key companies All-Iron Redox Flow Battery revenues share in global market, 2023 (%)
Key companies All-Iron Redox Flow Battery sales in global market, 2019-2024 (Estimated), (K Wh)
Key companies All-Iron Redox Flow Battery sales share in global market, 2023 (%)
Further, the report presents profiles of competitors in the market, key players include:
ESS, Inc
Outline of Major Chapters:
Chapter 1: Introduces the definition of All-Iron Redox Flow Battery, market overview.
Chapter 2: Global All-Iron Redox Flow Battery market size in revenue and volume.
Chapter 3: Detailed analysis of All-Iron Redox Flow Battery manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of All-Iron Redox Flow Battery in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global All-Iron Redox Flow Battery capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
