Global Iron Flow Battery Market Outlook 2022

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.

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.

Market Analysis and Insights: Global Iron Flow Battery Market

The global Iron Flow Battery market was valued at US$ 27 million in 2020 and it is expected to reach US$ 101.6 million by the end of 2027, growing at a CAGR of 20.9% during 2021-2027.

Global Iron Flow Battery Market: Drivers and Restrains

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Iron Flow Battery Market: Segment Analysis

The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

All Iron-based Flow Battery

Iron Hybrid Flow Battery

Utility Facilities

Renewable Energy Storage

Others

ESS Inc

Electric Fuel Energy (EFE

North America

Europe

North America

U.S.

Canada

Europe

Germany

France

U.K.

Italy

Russia

Asia-Pacific

China

Japan

South Korea

India

Australia

Taiwan

Indonesia

Thailand

Malaysia

Latin America

Mexico

Brazil

Argentina

Middle East & Africa

Turkey

Saudi Arabia

UAE

1.1 Product Overview and Scope of Iron Flow Battery

1.2 Iron Flow Battery Segment by Type

1.2.1 Global Iron Flow Battery Market Size Growth Rate Analysis by Type 2021 VS 2027

1.2.2 All Iron-based Flow Battery

1.2.3 Iron Hybrid Flow Battery

1.3 Iron Flow Battery Segment by Application

1.3.1 Global Iron Flow Battery Consumption Comparison by Application: 2016 VS 2021 VS 2027

1.3.2 Utility Facilities

1.3.3 Renewable Energy Storage

1.3.4 Others

1.4 Global Market Growth Prospects

1.4.1 Global Iron Flow Battery Revenue Estimates and Forecasts (2016-2027)

1.4.2 Global Iron Flow Battery Production Estimates and Forecasts (2016-2027)

1.5 Global Market Size by Region

1.5.1 Global Iron Flow Battery Market Size Estimates and Forecasts by Region: 2016 VS 2021 VS 2027

1.5.2 North America Iron Flow Battery Estimates and Forecasts (2016-2027)

1.5.3 Europe Iron Flow Battery Estimates and Forecasts (2016-2027)

2.1 Global Iron Flow Battery Production Market Share by Manufacturers (2016-2021)

2.2 Global Iron Flow Battery Revenue Market Share by Manufacturers (2016-2021)

2.3 Iron Flow Battery Market Share by Company Type (Tier 1, Tier 2 and Tier 3)

2.4 Global Iron Flow Battery Average Price by Manufacturers (2016-2021)

2.5 Manufacturers Iron Flow Battery Production Sites, Area Served, Product Types

2.6 Iron Flow Battery Market Competitive Situation and Trends

2.6.1 Iron Flow Battery Market Concentration Rate

2.6.2 Global 5 and 10 Largest Iron Flow Battery Players Market Share by Revenue

2.6.3 Mergers & Acquisitions, Expansion

3.1 Global Production of Iron Flow Battery Market Share by Region (2016-2021)

3.2 Global Iron Flow Battery Revenue Market Share by Region (2016-2021)

3.3 Global Iron Flow Battery Production, Revenue, Price and Gross Margin (2016-2021)

3.4 North America Iron Flow Battery Production

3.4.1 North America Iron Flow Battery Production Growth Rate (2016-2021)

3.4.2 North America Iron Flow Battery Production, Revenue, Price and Gross Margin (2016-2021)

3.5 Europe Iron Flow Battery Production

3.5.1 Europe Iron Flow Battery Production Growth Rate (2016-2021)

3.5.2 Europe Iron Flow Battery Production, Revenue, Price and Gross Margin (2016-2021)

4.1 Global Iron Flow Battery Consumption by Region

4.1.1 Global Iron Flow Battery Consumption by Region

4.1.2 Global Iron Flow Battery Consumption Market Share by Region

4.2 North America

4.2.1 North America Iron Flow Battery Consumption by Country

4.2.2 U.S.

4.2.3 Canada

4.3 Europe

4.3.1 Europe Iron Flow Battery Consumption by Country

4.3.2 Germany

4.3.3 France

4.3.4 U.K.

4.3.5 Italy

4.3.6 Russia

4.4 Asia Pacific

4.4.1 Asia Pacific Iron Flow Battery Consumption by Region

4.4.2 China

4.4.3 Japan

4.4.4 South Korea

4.4.5 Taiwan

4.4.6 Southeast Asia

4.4.7 India

4.4.8 Australia

4.5 Latin America

4.5.1 Latin America Iron Flow Battery Consumption by Country

4.5.2 Mexico

4.5.3 Brazil

5.1 Global Iron Flow Battery Production Market Share by Type (2016-2021)

5.2 Global Iron Flow Battery Revenue Market Share by Type (2016-2021)

5.3 Global Iron Flow Battery Price by Type (2016-2021)

6.1 Global Iron Flow Battery Consumption Market Share by Application (2016-2021)

6.2 Global Iron Flow Battery Consumption Growth Rate by Application (2016-2021)

7.1 ESS Inc

7.1.1 ESS Inc Iron Flow Battery Corporation Information

7.1.2 ESS Inc Iron Flow Battery Product Portfolio

7.1.3 ESS Inc Iron Flow Battery Production, Revenue, Price and Gross Margin (2016-2021)

7.1.4 ESS Inc Main Business and Markets Served

7.1.5 ESS Inc Recent Developments/Updates

7.2 Electric Fuel Energy (EFE

7.2.1 Electric Fuel Energy (EFE Iron Flow Battery Corporation Information

7.2.2 Electric Fuel Energy (EFE Iron Flow Battery Product Portfolio

7.2.3 Electric Fuel Energy (EFE Iron Flow Battery Production, Revenue, Price and Gross Margin (2016-2021)

7.2.4 Electric Fuel Energy (EFE Main Business and Markets Served

7.2.5 Electric Fuel Energy (EFE Recent Developments/Updates

8.1 Iron Flow Battery Key Raw Materials Analysis

8.1.1 Key Raw Materials

8.1.2 Key Raw Materials Price Trend

8.1.3 Key Suppliers of Raw Materials

8.2 Proportion of Manufacturing Cost Structure

8.3 Manufacturing Process Analysis of Iron Flow Battery

8.4 Iron Flow Battery Industrial Chain Analysis

9.1 Marketing Channel

9.2 Iron Flow Battery Distributors List

9.3 Iron Flow Battery Customers

10.1 Iron Flow Battery Industry Trends

10.2 Iron Flow Battery Growth Drivers

10.3 Iron Flow Battery Market Challenges

10.4 Iron Flow Battery Market Restraints

11.1 Global Forecasted Production of Iron Flow Battery by Region (2022-2027)

11.2 North America Iron Flow Battery Production, Revenue Forecast (2022-2027)

11.3 Europe Iron Flow Battery Production, Revenue Forecast (2022-2027)

12.1 Global Forecasted Demand Analysis of Iron Flow Battery

12.2 North America Forecasted Consumption of Iron Flow Battery by Country

12.3 Europe Market Forecasted Consumption of Iron Flow Battery by Country

12.4 Asia Pacific Market Forecasted Consumption of Iron Flow Battery by Region

12.5 Latin America Forecasted Consumption of Iron Flow Battery by Country

13.1 Global Production, Revenue and Price Forecast by Type (2022-2027)

13.1.1 Global Forecasted Production of Iron Flow Battery by Type (2022-2027)

13.1.2 Global Forecasted Revenue of Iron Flow Battery by Type (2022-2027)

13.1.3 Global Forecasted Price of Iron Flow Battery by Type (2022-2027)

13.2 Global Forecasted Consumption of Iron Flow Battery by Application (2022-2027)

15.1 Methodology/Research Approach

15.1.1 Research Programs/Design

15.1.2 Market Size Estimation

15.1.3 Market Breakdown and Data Triangulation

15.2 Data Source

15.2.1 Secondary Sources

15.2.2 Primary Sources

15.3 Author List

15.4 Disclaimer

List of Tables

    Table 1. Global Iron Flow Battery Market Size by Type (KWh) & (US$ Million) (2021 VS 2027)

    Table 2. Global Iron Flow Battery Consumption (KWh) Comparison by Application: 2016 VS 2021 VS 2027

    Table 3. Iron Flow Battery Market Size Comparison by Region: 2016 VS 2021 VS 2027

    Table 4. Global Iron Flow Battery Production (KWh) by Manufacturers

    Table 5. Global Iron Flow Battery Production (KWh) by Manufacturers (2016-2021)

    Table 6. Global Iron Flow Battery Production Market Share by Manufacturers (2016-2021)

    Table 7. Global Iron Flow Battery Revenue (US$ Million) by Manufacturers (2016-2021)

    Table 8. Global Iron Flow Battery Revenue Share by Manufacturers (2016-2021)

    Table 9. Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Iron Flow Battery as of 2020)

    Table 10. Global Market Iron Flow Battery Average Price (USD/KWh) of Key Manufacturers (2016-2021)

    Table 11. Manufacturers Iron Flow Battery Production Sites and Area Served

    Table 12. Manufacturers Iron Flow Battery Product Types

    Table 13. Mergers & Acquisitions, Expansion

    Table 14. Global Iron Flow Battery Production (KWh) by Region (2016-2021)

    Table 15. Global Iron Flow Battery Revenue (US$ Million) by Region (2016-2021)

    Table 16. Global Iron Flow Battery Revenue Market Share by Region (2016-2021)

    Table 17. Global Iron Flow Battery Production (KWh), Revenue (US$ Million), Price (USD/KWh) and Gross Margin (2016-2021)

    Table 18. North America Iron Flow Battery Production (KWh), Revenue (US$ Million), Price (USD/KWh) and Gross Margin (2016-2021)

    Table 19. Europe Iron Flow Battery Production (KWh), Revenue (US$ Million), Price (USD/KWh) and Gross Margin (2016-2021)

    Table 20. Global Iron Flow Battery Consumption Market by Region (2016-2021) & (KWh)

    Table 21. Global Iron Flow Battery Consumption Market Share by Region (2016-2021)

    Table 22. North America Iron Flow Battery Consumption by Country (2016-2021) & (KWh)

    Table 23. Europe Iron Flow Battery Consumption by Country (2016-2021) & (KWh)

    Table 24. Asia Pacific Iron Flow Battery Consumption by Region (2016-2021) & (KWh)

    Table 25. Latin America Iron Flow Battery Consumption by Countries (2016-2021) & (KWh)

    Table 26. Global Iron Flow Battery Production (KWh) by Type (2016-2021)

    Table 27. Global Iron Flow Battery Production Market Share by Type (2016-2021)

    Table 28. Global Iron Flow Battery Revenue (US$ Million) by Type (2016-2021)

    Table 29. Global Iron Flow Battery Revenue Share by Type (2016-2021)

    Table 30. Global Iron Flow Battery Price (USD/KWh) by Type (2016-2021)

    Table 31. Global Iron Flow Battery Consumption by Application (2016-2021) & (KWh)

    Table 32. Global Iron Flow Battery Consumption Market Share by Application (2016-2021)

    Table 33. Global Iron Flow Battery Consumption Growth Rate by Application (2016-2021)

    Table 34. ESS Inc Iron Flow Battery Corporation Information

    Table 35. ESS Inc Specification and Application

    Table 36. ESS Inc Iron Flow Battery Production (KWh), Revenue (US$ Million), Price (USD/KWh) and Gross Margin (2016-2021)

    Table 37. ESS Inc Main Business and Markets Served

    Table 38. ESS Inc Recent Developments/Updates

    Table 39. Electric Fuel Energy (EFE Iron Flow Battery Corporation Information

    Table 40. Electric Fuel Energy (EFE Specification and Application

    Table 41. Electric Fuel Energy (EFE Iron Flow Battery Production (KWh), Revenue (US$ Million), Price (USD/KWh) and Gross Margin (2016-2021)

    Table 42. Electric Fuel Energy (EFE Main Business and Markets Served

    Table 43. Electric Fuel Energy (EFE Recent Developments/Updates

    Table 44. Production Base and Market Concentration Rate of Raw Material

    Table 45. Key Suppliers of Raw Materials

    Table 46. Iron Flow Battery Distributors List

    Table 47. Iron Flow Battery Customers List

    Table 48. Iron Flow Battery Market Trends

    Table 49. Iron Flow Battery Growth Drivers

    Table 50. Iron Flow Battery Market Challenges

    Table 51. Iron Flow Battery Market Restraints

    Table 52. Global Iron Flow Battery Production (KWh) Forecast by Region (2022-2027)

    Table 53. North America Iron Flow Battery Consumption Forecast by Country (2022-2027) & (KWh)

    Table 54. Europe Iron Flow Battery Consumption Forecast by Country (2022-2027) & (KWh)

    Table 55. Asia Pacific Iron Flow Battery Consumption Forecast by Region (2022-2027) & (KWh)

    Table 56. Latin America Iron Flow Battery Consumption Forecast by Country (2022-2027) & (KWh)

    Table 57. Global Iron Flow Battery Production Forecast by Type (2022-2027) & (KWh)

    Table 58. Global Iron Flow Battery Revenue Forecast by Type (2022-2027) & (US$ Million)

    Table 59. Global Iron Flow Battery Price Forecast by Type (2022-2027) & (USD/KWh)

    Table 60. Global Iron Flow Battery Consumption (KWh) Forecast by Application (2022-2027)

    Table 61. Research Programs/Design for This Report

    Table 62. Key Data Information from Secondary Sources

    Table 63. Key Data Information from Primary Sources

List of Figures

    Figure 1. Product Picture of Iron Flow Battery

    Figure 2. Global Iron Flow Battery Market Share by Type: 2020 VS 2027

    Figure 3. All Iron-based Flow Battery Product Picture

    Figure 4. Iron Hybrid Flow Battery Product Picture

    Figure 5. Global Iron Flow Battery Market Share by Application: 2020 VS 2027

    Figure 6. Utility Facilities

    Figure 7. Renewable Energy Storage

    Figure 8. Others

    Figure 9. Global Iron Flow Battery Revenue (US$ Million), 2016 VS 2021 VS 2027

    Figure 10. Global Iron Flow Battery Revenue (US$ Million) (2016-2027)

    Figure 11. Global Iron Flow Battery Production (KWh) & (2016-2027)

    Figure 12. North America Iron Flow Battery Revenue (US$ Million) and Growth Rate (2016-2027)

    Figure 13. Europe Iron Flow Battery Revenue (US$ Million) and Growth Rate (2016-2027)

    Figure 14. Iron Flow Battery Production Share by Manufacturers in 2020

    Figure 15. Global Iron Flow Battery Revenue Share by Manufacturers in 2020

    Figure 16. Iron Flow Battery Market Share by Company Type (Tier 1, Tier 2 and Tier 3): 2016 VS 2020

    Figure 17. Global Market Iron Flow Battery Average Price (USD/KWh) of Key Manufacturers in 2020

    Figure 18. The Global 5 and 10 Largest Players: Market Share by Iron Flow Battery Revenue in 2020

    Figure 19. Global Iron Flow Battery Production Market Share by Region (2016-2021)

    Figure 20. North America Iron Flow Battery Production (KWh) Growth Rate (2016-2021)

    Figure 21. Europe Iron Flow Battery Production (KWh) Growth Rate (2016-2021)

    Figure 22. Global Iron Flow Battery Consumption Market Share by Region (2016-2021)

    Figure 23. Global Iron Flow Battery Consumption Market Share by Region in 2020

    Figure 24. North America Iron Flow Battery Consumption and Growth Rate (2016-2021) & (KWh)

    Figure 25. North America Iron Flow Battery Consumption Market Share by Country in 2020

    Figure 26. Canada Iron Flow Battery Consumption Growth Rate (2016-2021) & (KWh)

    Figure 27. U.S. Iron Flow Battery Consumption Growth Rate (2016-2021) & (KWh)

    Figure 28. Europe Iron Flow Battery Consumption Growth Rate (2016-2021) & (KWh)

    Figure 29. Europe Iron Flow Battery Consumption Market Share by Country in 2020

    Figure 30. Germany America Iron Flow Battery Consumption and Growth Rate (2016-2021) & (KWh)

    Figure 31. France Iron Flow Battery Consumption and Growth Rate (2016-2021) & (KWh)

    Figure 32. U.K. Iron Flow Battery Consumption and Growth Rate (2016-2021) & (KWh)

    Figure 33. Italy Iron Flow Battery Consumption and Growth Rate (2016-2021) & (KWh)

    Figure 34. Russia Iron Flow Battery Consumption and Growth Rate (2016-2021) & (KWh)

    Figure 35. Asia Pacific Iron Flow Battery Consumption and Growth Rate (2016-2021) & (KWh)

    Figure 36. Asia Pacific Iron Flow Battery Consumption Market Share by Regions in 2020

    Figure 37. China Iron Flow Battery Consumption and Growth Rate (2016-2021) & (KWh)

    Figure 38. Japan Iron Flow Battery Consumption and Growth Rate (2016-2021) & (KWh)

    Figure 39. South Korea Iron Flow Battery Consumption and Growth Rate (2016-2021) & (KWh)

    Figure 40. Taiwan Iron Flow Battery Consumption and Growth Rate (2016-2021) & (KWh)

    Figure 41. Southeast Asia Iron Flow Battery Consumption and Growth Rate (2016-2021) & (KWh)

    Figure 42. India Iron Flow Battery Consumption and Growth Rate (2016-2021) & (KWh)

    Figure 43. Australia Iron Flow Battery Consumption and Growth Rate (2016-2021) & (KWh)

    Figure 44. Latin America Iron Flow Battery Consumption and Growth Rate (2016-2021) & (KWh)

    Figure 45. Latin America Iron Flow Battery Consumption Market Share by Country in 2020

    Figure 46. Mexico Iron Flow Battery Consumption and Growth Rate (2016-2021) & (KWh)

    Figure 47. Brazil Iron Flow Battery Consumption and Growth Rate (2016-2021) & (KWh)

    Figure 48. Production Market Share of Iron Flow Battery by Type (2016-2021)

    Figure 49. Production Market Share of Iron Flow Battery by Type in 2020

    Figure 50. Revenue Share of Iron Flow Battery by Type (2016-2021)

    Figure 51. Revenue Market Share of Iron Flow Battery by Type in 2020

    Figure 52. Global Iron Flow Battery Consumption Market Share by Application (2016-2021)

    Figure 53. Global Iron Flow Battery Consumption Market Share by Application in 2020

    Figure 54. Global Iron Flow Battery Consumption Growth Rate by Application (2016-2021)

    Figure 55. Key Raw Materials Price Trend

    Figure 56. Manufacturing Cost Structure of Iron Flow Battery

    Figure 57. Manufacturing Process Analysis of Iron Flow Battery

    Figure 58. Iron Flow Battery Industrial Chain Analysis

    Figure 59. Channels of Distribution

    Figure 60. Distributors Profiles

    Figure 61. Global Iron Flow Battery Production Market Share Forecast by Region (2022-2027)

    Figure 62. North America Iron Flow Battery Production (KWh) Growth Rate Forecast (2022-2027)

    Figure 63. Europe Iron Flow Battery Production (KWh) Growth Rate Forecast (2022-2027)

    Figure 64. Global Forecasted Demand Analysis of Iron Flow Battery (2015-2027) & (KWh)

    Figure 65. Global Iron Flow Battery Production Market Share Forecast by Type (2022-2027)

    Figure 66. Global Iron Flow Battery Revenue Market Share Forecast by Type (2022-2027)

    Figure 67. Global Iron Flow Battery Consumption Forecast by Application (2022-2027)

    Figure 68. Bottom-up and Top-down Approaches for This Report

    Figure 69. Data Triangulation