A flow battery, or redox flow battery (after reduction?oxidation), is a type of electrochemical cell where chemical energy is provided by two chemical components dissolved in liquids contained within the system and separated by a membrane. Ion exchange (accompanied by 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.
Iron Flow Battery is a type of flow battery, its anode is made of iron matericals, cathode is made of ferro-ferricyanide aqueous couple or ferric chloride solution etc.
This report aims to provide a comprehensive presentation of the global market for Iron 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 Iron Flow Battery. This report contains market size and forecasts of Iron Flow Battery in global, including the following market information:
Global Iron Flow Battery Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Iron Flow Battery Market Sales, 2018-2023, 2024-2029, (KWh)
Global top five Iron Flow Battery companies in 2022 (%)
The global Iron Flow Battery market was valued at US$ 34 million in 2022 and is projected to reach US$ 121.7 million by 2029, at a CAGR of 20.0% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
North America is the largest consumption place, with a consumption market share about 50% in 2019. Following North America, Asia-Pacific is the second largest consumption place with the more than 20% consumption market share. ESS Inc and Electric Fuel Energy (EFE) are industry leaders. The classification of Iron Flow Battery includes All Iron-based Flow Battery and Iron Hybrid Flow Battery. The proportion of All Iron-based Flow Battery in 2019 is about 85%. Iron Flow Battery is widely used for Utility Facilities, Renewable Energy Storage and Others. The most proportion of Iron Flow Battery is used for Utility Facilities, and the proportion in 2019 is over 1/2 market shares.
We surveyed the Iron 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 Iron Flow Battery Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (KWh)
Global Iron Flow Battery Market Segment Percentages, by Type, 2022 (%)
All Iron-based Flow Battery
Iron Hybrid Flow Battery
Global Iron Flow Battery Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (KWh)
Global Iron Flow Battery Market Segment Percentages, by Application, 2022 (%)
Utility Facilities
Renewable Energy Storage
Others
Global Iron Flow Battery Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (KWh)
Global Iron Flow Battery Market Segment Percentages, By Region and Country, 2022 (%)
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 Iron Flow Battery revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Iron Flow Battery revenues share in global market, 2022 (%)
Key companies Iron Flow Battery sales in global market, 2018-2023 (Estimated), (KWh)
Key companies Iron Flow Battery sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
ESS Inc
Electric Fuel Energy (EFE
Outline of Major Chapters:
Chapter 1: Introduces the definition of Iron Flow Battery, market overview.
Chapter 2: Global Iron Flow Battery market size in revenue and volume.
Chapter 3: Detailed analysis of Iron 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 Iron 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 Iron 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.
TABLE OF CONTENTS
1 Introduction to Research & Analysis Reports
1.1 Iron Flow Battery Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Iron Flow Battery Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Iron Flow Battery Overall Market Size
2.1 Global Iron Flow Battery Market Size: 2022 VS 2029
2.2 Global Iron Flow Battery Revenue, Prospects & Forecasts: 2018-2029
2.3 Global Iron Flow Battery Sales: 2018-2029
3 Company Landscape
3.1 Top Iron Flow Battery Players in Global Market
3.2 Top Global Iron Flow Battery Companies Ranked by Revenue
3.3 Global Iron Flow Battery Revenue by Companies
3.4 Global Iron Flow Battery Sales by Companies
3.5 Global Iron Flow Battery Price by Manufacturer (2018-2023)
3.6 Top 3 and Top 5 Iron Flow Battery Companies in Global Market, by Revenue in 2022
3.7 Global Manufacturers Iron Flow Battery Product Type
3.8 Tier 1, Tier 2 and Tier 3 Iron Flow Battery Players in Global Market
3.8.1 List of Global Tier 1 Iron Flow Battery Companies
3.8.2 List of Global Tier 2 and Tier 3 Iron Flow Battery Companies
4 Sights by Product
4.1 Overview
4.1.1 By Type - Global Iron Flow Battery Market Size Markets, 2022 & 2029
4.1.2 All Iron-based Flow Battery
4.1.3 Iron Hybrid Flow Battery
4.2 By Type - Global Iron Flow Battery Revenue & Forecasts
4.2.1 By Type - Global Iron Flow Battery Revenue, 2018-2023
4.2.2 By Type - Global Iron Flow Battery Revenue, 2024-2029
4.2.3 By Type - Global Iron Flow Battery Revenue Market Share, 2018-2029
4.3 By Type - Global Iron Flow Battery Sales & Forecasts
4.3.1 By Type - Global Iron Flow Battery Sales, 2018-2023
4.3.2 By Type - Global Iron Flow Battery Sales, 2024-2029
4.3.3 By Type - Global Iron Flow Battery Sales Market Share, 2018-2029
4.4 By Type - Global Iron Flow Battery Price (Manufacturers Selling Prices), 2018-2029
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global Iron Flow Battery Market Size, 2022 & 2029
5.1.2 Utility Facilities
5.1.3 Renewable Energy Storage
5.1.4 Others
5.2 By Application - Global Iron Flow Battery Revenue & Forecasts
5.2.1 By Application - Global Iron Flow Battery Revenue, 2018-2023
5.2.2 By Application - Global Iron Flow Battery Revenue, 2024-2029
5.2.3 By Application - Global Iron Flow Battery Revenue Market Share, 2018-2029
5.3 By Application - Global Iron Flow Battery Sales & Forecasts
5.3.1 By Application - Global Iron Flow Battery Sales, 2018-2023
5.3.2 By Application - Global Iron Flow Battery Sales, 2024-2029
5.3.3 By Application - Global Iron Flow Battery Sales Market Share, 2018-2029
5.4 By Application - Global Iron Flow Battery Price (Manufacturers Selling Prices), 2018-2029
6 Sights by Region
6.1 By Region - Global Iron Flow Battery Market Size, 2022 & 2029
6.2 By Region - Global Iron Flow Battery Revenue & Forecasts
6.2.1 By Region - Global Iron Flow Battery Revenue, 2018-2023
6.2.2 By Region - Global Iron Flow Battery Revenue, 2024-2029
6.2.3 By Region - Global Iron Flow Battery Revenue Market Share, 2018-2029
6.3 By Region - Global Iron Flow Battery Sales & Forecasts
6.3.1 By Region - Global Iron Flow Battery Sales, 2018-2023
6.3.2 By Region - Global Iron Flow Battery Sales, 2024-2029
6.3.3 By Region - Global Iron Flow Battery Sales Market Share, 2018-2029
6.4 North America
6.4.1 By Country - North America Iron Flow Battery Revenue, 2018-2029
6.4.2 By Country - North America Iron Flow Battery Sales, 2018-2029
6.4.3 US Iron Flow Battery Market Size, 2018-2029
6.4.4 Canada Iron Flow Battery Market Size, 2018-2029
6.4.5 Mexico Iron Flow Battery Market Size, 2018-2029
6.5 Europe
6.5.1 By Country - Europe Iron Flow Battery Revenue, 2018-2029
6.5.2 By Country - Europe Iron Flow Battery Sales, 2018-2029
6.5.3 Germany Iron Flow Battery Market Size, 2018-2029
6.5.4 France Iron Flow Battery Market Size, 2018-2029
6.5.5 U.K. Iron Flow Battery Market Size, 2018-2029
6.5.6 Italy Iron Flow Battery Market Size, 2018-2029
6.5.7 Russia Iron Flow Battery Market Size, 2018-2029
6.5.8 Nordic Countries Iron Flow Battery Market Size, 2018-2029
6.5.9 Benelux Iron Flow Battery Market Size, 2018-2029
6.6 Asia
6.6.1 By Region - Asia Iron Flow Battery Revenue, 2018-2029
6.6.2 By Region - Asia Iron Flow Battery Sales, 2018-2029
6.6.3 China Iron Flow Battery Market Size, 2018-2029
6.6.4 Japan Iron Flow Battery Market Size, 2018-2029
6.6.5 South Korea Iron Flow Battery Market Size, 2018-2029
6.6.6 Southeast Asia Iron Flow Battery Market Size, 2018-2029
6.6.7 India Iron Flow Battery Market Size, 2018-2029
6.7 South America
6.7.1 By Country - South America Iron Flow Battery Revenue, 2018-2029
6.7.2 By Country - South America Iron Flow Battery Sales, 2018-2029
6.7.3 Brazil Iron Flow Battery Market Size, 2018-2029
6.7.4 Argentina Iron Flow Battery Market Size, 2018-2029
6.8 Middle East & Africa
6.8.1 By Country - Middle East & Africa Iron Flow Battery Revenue, 2018-2029
6.8.2 By Country - Middle East & Africa Iron Flow Battery Sales, 2018-2029
6.8.3 Turkey Iron Flow Battery Market Size, 2018-2029
6.8.4 Israel Iron Flow Battery Market Size, 2018-2029
6.8.5 Saudi Arabia Iron Flow Battery Market Size, 2018-2029
6.8.6 UAE Iron Flow Battery Market Size, 2018-2029
7 Manufacturers & Brands Profiles
7.1 ESS Inc
7.1.1 ESS Inc Company Summary
7.1.2 ESS Inc Business Overview
7.1.3 ESS Inc Iron Flow Battery Major Product Offerings
7.1.4 ESS Inc Iron Flow Battery Sales and Revenue in Global (2018-2023)
7.1.5 ESS Inc Key News & Latest Developments
7.2 Electric Fuel Energy (EFE
7.2.1 Electric Fuel Energy (EFE Company Summary
7.2.2 Electric Fuel Energy (EFE Business Overview
7.2.3 Electric Fuel Energy (EFE Iron Flow Battery Major Product Offerings
7.2.4 Electric Fuel Energy (EFE Iron Flow Battery Sales and Revenue in Global (2018-2023)
7.2.5 Electric Fuel Energy (EFE Key News & Latest Developments
8 Global Iron Flow Battery Production Capacity, Analysis
8.1 Global Iron Flow Battery Production Capacity, 2018-2029
8.2 Iron Flow Battery Production Capacity of Key Manufacturers in Global Market
8.3 Global Iron Flow Battery Production by Region
9 Key Market Trends, Opportunity, Drivers and Restraints
9.1 Market Opportunities & Trends
9.2 Market Drivers
9.3 Market Restraints
10 Iron Flow Battery Supply Chain Analysis
10.1 Iron Flow Battery Industry Value Chain
10.2 Iron Flow Battery Upstream Market
10.3 Iron Flow Battery Downstream and Clients
10.4 Marketing Channels Analysis
10.4.1 Marketing Channels
10.4.2 Iron Flow Battery Distributors and Sales Agents in Global
11 Conclusion
12 Appendix
12.1 Note
12.2 Examples of Clients
12.3 Disclaimer
LIST OF TABLES & FIGURES
List of Tables
Table 1. Key Players of Iron Flow Battery in Global Market
Table 2. Top Iron Flow Battery Players in Global Market, Ranking by Revenue (2022)
Table 3. Global Iron Flow Battery Revenue by Companies, (US$, Mn), 2018-2023
Table 4. Global Iron Flow Battery Revenue Share by Companies, 2018-2023
Table 5. Global Iron Flow Battery Sales by Companies, (KWh), 2018-2023
Table 6. Global Iron Flow Battery Sales Share by Companies, 2018-2023
Table 7. Key Manufacturers Iron Flow Battery Price (2018-2023) & (USD/KWh)
Table 8. Global Manufacturers Iron Flow Battery Product Type
Table 9. List of Global Tier 1 Iron Flow Battery Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 10. List of Global Tier 2 and Tier 3 Iron Flow Battery Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 11. By Type ? Global Iron Flow Battery Revenue, (US$, Mn), 2022 & 2029
Table 12. By Type - Global Iron Flow Battery Revenue (US$, Mn), 2018-2023
Table 13. By Type - Global Iron Flow Battery Revenue (US$, Mn), 2024-2029
Table 14. By Type - Global Iron Flow Battery Sales (KWh), 2018-2023
Table 15. By Type - Global Iron Flow Battery Sales (KWh), 2024-2029
Table 16. By Application ? Global Iron Flow Battery Revenue, (US$, Mn), 2022 & 2029
Table 17. By Application - Global Iron Flow Battery Revenue (US$, Mn), 2018-2023
Table 18. By Application - Global Iron Flow Battery Revenue (US$, Mn), 2024-2029
Table 19. By Application - Global Iron Flow Battery Sales (KWh), 2018-2023
Table 20. By Application - Global Iron Flow Battery Sales (KWh), 2024-2029
Table 21. By Region ? Global Iron Flow Battery Revenue, (US$, Mn), 2022 VS 2029
Table 22. By Region - Global Iron Flow Battery Revenue (US$, Mn), 2018-2023
Table 23. By Region - Global Iron Flow Battery Revenue (US$, Mn), 2024-2029
Table 24. By Region - Global Iron Flow Battery Sales (KWh), 2018-2023
Table 25. By Region - Global Iron Flow Battery Sales (KWh), 2024-2029
Table 26. By Country - North America Iron Flow Battery Revenue, (US$, Mn), 2018-2023
Table 27. By Country - North America Iron Flow Battery Revenue, (US$, Mn), 2024-2029
Table 28. By Country - North America Iron Flow Battery Sales, (KWh), 2018-2023
Table 29. By Country - North America Iron Flow Battery Sales, (KWh), 2024-2029
Table 30. By Country - Europe Iron Flow Battery Revenue, (US$, Mn), 2018-2023
Table 31. By Country - Europe Iron Flow Battery Revenue, (US$, Mn), 2024-2029
Table 32. By Country - Europe Iron Flow Battery Sales, (KWh), 2018-2023
Table 33. By Country - Europe Iron Flow Battery Sales, (KWh), 2024-2029
Table 34. By Region - Asia Iron Flow Battery Revenue, (US$, Mn), 2018-2023
Table 35. By Region - Asia Iron Flow Battery Revenue, (US$, Mn), 2024-2029
Table 36. By Region - Asia Iron Flow Battery Sales, (KWh), 2018-2023
Table 37. By Region - Asia Iron Flow Battery Sales, (KWh), 2024-2029
Table 38. By Country - South America Iron Flow Battery Revenue, (US$, Mn), 2018-2023
Table 39. By Country - South America Iron Flow Battery Revenue, (US$, Mn), 2024-2029
Table 40. By Country - South America Iron Flow Battery Sales, (KWh), 2018-2023
Table 41. By Country - South America Iron Flow Battery Sales, (KWh), 2024-2029
Table 42. By Country - Middle East & Africa Iron Flow Battery Revenue, (US$, Mn), 2018-2023
Table 43. By Country - Middle East & Africa Iron Flow Battery Revenue, (US$, Mn), 2024-2029
Table 44. By Country - Middle East & Africa Iron Flow Battery Sales, (KWh), 2018-2023
Table 45. By Country - Middle East & Africa Iron Flow Battery Sales, (KWh), 2024-2029
Table 46. ESS Inc Company Summary
Table 47. ESS Inc Iron Flow Battery Product Offerings
Table 48. ESS Inc Iron Flow Battery Sales (KWh), Revenue (US$, Mn) and Average Price (USD/KWh) (2018-2023)
Table 49. ESS Inc Key News & Latest Developments
Table 50. Electric Fuel Energy (EFE Company Summary
Table 51. Electric Fuel Energy (EFE Iron Flow Battery Product Offerings
Table 52. Electric Fuel Energy (EFE Iron Flow Battery Sales (KWh), Revenue (US$, Mn) and Average Price (USD/KWh) (2018-2023)
Table 53. Electric Fuel Energy (EFE Key News & Latest Developments
Table 54. Iron Flow Battery Production Capacity (KWh) of Key Manufacturers in Global Market, 2021-2023 (KWh)
Table 55. Global Iron Flow Battery Capacity Market Share of Key Manufacturers, 2021-2023
Table 56. Global Iron Flow Battery Production by Region, 2018-2023 (KWh)
Table 57. Global Iron Flow Battery Production by Region, 2024-2029 (KWh)
Table 58. Iron Flow Battery Market Opportunities & Trends in Global Market
Table 59. Iron Flow Battery Market Drivers in Global Market
Table 60. Iron Flow Battery Market Restraints in Global Market
Table 61. Iron Flow Battery Raw Materials
Table 62. Iron Flow Battery Raw Materials Suppliers in Global Market
Table 63. Typical Iron Flow Battery Downstream
Table 64. Iron Flow Battery Downstream Clients in Global Market
Table 65. Iron Flow Battery Distributors and Sales Agents in Global Market
List of Figures
Figure 1. Iron Flow Battery Segment by Type in 2022
Figure 2. Iron Flow Battery Segment by Application in 2022
Figure 3. Global Iron Flow Battery Market Overview: 2022
Figure 4. Key Caveats
Figure 5. Global Iron Flow Battery Market Size: 2022 VS 2029 (US$, Mn)
Figure 6. Global Iron Flow Battery Revenue, 2018-2029 (US$, Mn)
Figure 7. Iron Flow Battery Sales in Global Market: 2018-2029 (KWh)
Figure 8. The Top 3 and 5 Players Market Share by Iron Flow Battery Revenue in 2022
Figure 9. By Type - Global Iron Flow Battery Revenue, (US$, Mn), 2022 & 2029
Figure 10. By Type - Global Iron Flow Battery Revenue Market Share, 2018-2029
Figure 11. By Type - Global Iron Flow Battery Sales Market Share, 2018-2029
Figure 12. By Type - Global Iron Flow Battery Price (USD/KWh), 2018-2029
Figure 13. By Application - Global Iron Flow Battery Revenue, (US$, Mn), 2022 & 2029
Figure 14. By Application - Global Iron Flow Battery Revenue Market Share, 2018-2029
Figure 15. By Application - Global Iron Flow Battery Sales Market Share, 2018-2029
Figure 16. By Application - Global Iron Flow Battery Price (USD/KWh), 2018-2029
Figure 17. By Region - Global Iron Flow Battery Revenue, (US$, Mn), 2022 & 2029
Figure 18. By Region - Global Iron Flow Battery Revenue Market Share, 2018 VS 2022 VS 2029
Figure 19. By Region - Global Iron Flow Battery Revenue Market Share, 2018-2029
Figure 20. By Region - Global Iron Flow Battery Sales Market Share, 2018-2029
Figure 21. By Country - North America Iron Flow Battery Revenue Market Share, 2018-2029
Figure 22. By Country - North America Iron Flow Battery Sales Market Share, 2018-2029
Figure 23. US Iron Flow Battery Revenue, (US$, Mn), 2018-2029
Figure 24. Canada Iron Flow Battery Revenue, (US$, Mn), 2018-2029
Figure 25. Mexico Iron Flow Battery Revenue, (US$, Mn), 2018-2029
Figure 26. By Country - Europe Iron Flow Battery Revenue Market Share, 2018-2029
Figure 27. By Country - Europe Iron Flow Battery Sales Market Share, 2018-2029
Figure 28. Germany Iron Flow Battery Revenue, (US$, Mn), 2018-2029
Figure 29. France Iron Flow Battery Revenue, (US$, Mn), 2018-2029
Figure 30. U.K. Iron Flow Battery Revenue, (US$, Mn), 2018-2029
Figure 31. Italy Iron Flow Battery Revenue, (US$, Mn), 2018-2029
Figure 32. Russia Iron Flow Battery Revenue, (US$, Mn), 2018-2029
Figure 33. Nordic Countries Iron Flow Battery Revenue, (US$, Mn), 2018-2029
Figure 34. Benelux Iron Flow Battery Revenue, (US$, Mn), 2018-2029
Figure 35. By Region - Asia Iron Flow Battery Revenue Market Share, 2018-2029
Figure 36. By Region - Asia Iron Flow Battery Sales Market Share, 2018-2029
Figure 37. China Iron Flow Battery Revenue, (US$, Mn), 2018-2029
Figure 38. Japan Iron Flow Battery Revenue, (US$, Mn), 2018-2029
Figure 39. South Korea Iron Flow Battery Revenue, (US$, Mn), 2018-2029
Figure 40. Southeast Asia Iron Flow Battery Revenue, (US$, Mn), 2018-2029
Figure 41. India Iron Flow Battery Revenue, (US$, Mn), 2018-2029
Figure 42. By Country - South America Iron Flow Battery Revenue Market Share, 2018-2029
Figure 43. By Country - South America Iron Flow Battery Sales Market Share, 2018-2029
Figure 44. Brazil Iron Flow Battery Revenue, (US$, Mn), 2018-2029
Figure 45. Argentina Iron Flow Battery Revenue, (US$, Mn), 2018-2029
Figure 46. By Country - Middle East & Africa Iron Flow Battery Revenue Market Share, 2018-2029
Figure 47. By Country - Middle East & Africa Iron Flow Battery Sales Market Share, 2018-2029
Figure 48. Turkey Iron Flow Battery Revenue, (US$, Mn), 2018-2029
Figure 49. Israel Iron Flow Battery Revenue, (US$, Mn), 2018-2029
Figure 50. Saudi Arabia Iron Flow Battery Revenue, (US$, Mn), 2018-2029
Figure 51. UAE Iron Flow Battery Revenue, (US$, Mn), 2018-2029
Figure 52. Global Iron Flow Battery Production Capacity (KWh), 2018-2029
Figure 53. The Percentage of Production Iron Flow Battery by Region, 2022 VS 2029
Figure 54. Iron Flow Battery Industry Value Chain
Figure 55. Marketing Channels
