The Flow Battery Market size was valued at USD 0.88 Bn in 2023 and the total revenue is expected to grow at a CAGR of 15.25 from 2024 to 2030, reaching nearly USD 2.38 Bn.Flow Battery Market Overview:
A flow battery is a completely rechargeable electrical energy storage system in which fluids containing the active ingredients are pushed through a cell to promote reduction or oxidation on both sides of an ion-exchange membrane, producing electrical potential. The increase in the adoption of renewable energy sources has created a growing need for effective energy storage solutions to balance the supply from sources such as solar and wind. These sources are expected to contribute around 60% of total global capacity by 2026. Flow batteries offer a promising solution for storing large amounts of energy over extended periods. By 2030, it is expected that flow batteries will have an overall capacity of 61 KW. Government incentives and policies supporting renewable energy integration and energy storage deployment are driving flow battery market growth. The flow battery market is expected to continue growing as the demand for energy storage solutions increases worldwide. Economic development and increased infrastructure projects are driving the demand for flow batteries. The market is expected to witness substantial growth due to the safety features of flow batteries, which allow for the storage of active materials away from the reactive point source. Technological advancements, cost reductions, and supportive policies are likely to further accelerate market adoption in the coming years.To know about the Research Methodology :- Request Free Sample Report
Battery Market Dynamics:
Drivers: Growing investments in renewable energy. Storing renewable energy is one of the key applications of a flow battery. Every country is revising their energy policies to include a considerable portion of energy generation sourced from renewable energy resources, such as wind, solar, hydroelectric etc. Global investment in clean energy in 2023 was around USD 2000 billion and it is expected to grow up to USD 3000 billion. This will give a demand boost to the flow battery market as batteries will act as reservoirs for this energy. Financial support by government bodies and associated long-term returns worldwide are increasing investments in renewable energy. Renewable sources have become the key aspect while doing investment in any venture all over the globe. Global institutions such as the World Bank emphasize on environmental sustainability of the investment. This forces countries to create clean energy sources. The private sector is investing heavily in the renewable sector, recently Tata Power has pledged to invest USD. 3590.99 million in renewable power projects till 2027. Adani Green Energy has pledged USD 50 Billion to renewable power generation.Limitations: The requirement of high initial investment and larger space The high initial investment required for the manufacturing of flow batteries is a major obstacle for the flow battery market new entrance. It creates barriers for smaller businesses that struggle to allocate the necessary funds for incorporating flow batteries into their operations. The cost-intensive nature of flow batteries limits their adoption in certain sectors and restricts widespread battery flow market penetration. This further contributes to the elevated cost of flow batteries, adding to the financial burden for manufacturers and potential buyers. Additionally, the spare parts and chemicals used in flow batteries are generally priced at a higher range compared to those used in traditional batteries. Flow batteries have low energy density i.e. it requires larger space to store the same amount of energy as compared to other competitors such as Lithium-ion batteries. Low level of commercialization Flow battery technologies face a challenge for their competitors due to their underutilization by the industry. Flow batteries have immense potential but it is yet to be used and capitalised to get commercial success. Opportunities: Growing demand for backup power in data centres When diesel power generators fail, data centres use energy storage devices as a backup option to handle power cuts. It is expected that opportunities for battery storage technologies, such as flow batteries, will arise due to the growing need for constant power supply in major data centres and service providers. These organizations are struggling to build more lightweight, sustainable physical infrastructure while minimizing capital and operating expenses. Flow batteries are a good fit for data centre applications because of their benefits, including high energy capacity and storage capacities. In addition, while data centre batteries normally need to be changed every four years, flow batteries are expected to become more and more popular because of their minimum 20-year lifespan. Electric vehicles are expected to overtake the mark of 50% of the total automobile market by 2030 for the Flow battery market. This will create a huge demand for EV charging stations where flow batteries can be used as storage units for electricity. Threats: Existence of substitute technology for energy storage The existence of substitute energy storage technologies is a major obstacle for flow batteries, as it reduces their acceptance in diverse applications. Lead-acid and lithium-ion batteries are two major substitutes, each having a unique set of benefits. Lithium-ion batteries are extensively used because of their quick charge/discharge speeds, lower cost, and higher energy density. Lead-acid batteries are inexpensive and low-maintenance at the same time. As a result, consumers prefer to choose these substitutes over flow batteries. Moreover, the producers of these extensively used traditional batteries, such as lithium-ion, lead-acid, and sodium-based battery technologies, compete with the makers of flow batteries.
Flow Battery Market Segment Analysis
Based on Type: There are mainly two types of batteries i.e. Redox batteries and Hybrid batteries. Redox flow batteries dominate the flow battery market with over xx % market share. It has a flexible layout, a long cycle life, and a quick response time. Hybrid flow batteries have a high voltage and good reversibility while using low-cost and abundant active materials. The design of hybrid flow batteries is such that it is much easier to maintain which gives an extended life span to the battery. Based on Application: Flow batteries provide grid stability by quickly responding to fluctuations in supply and demand, helping to maintain a stable frequency and voltage on the grid. It is a leading segment with a market share of over xx% in 2024. The residential market is expected to expand significantly over the course of the projection year due to flow batteries' exceptional ability to let home owners store and use energy more efficiently. Flow batteries offer a practical solution to store extra energy for later use as renewable energy sources, such as solar electricity, are used more often in residential settings. Flow batteries act as a reservoir of electricity for EV charging stations. As these batteries last for decades and have a very low loss of capacity over time, it create reliable and long-lasting options.Flow Battery Market Regional Insights:
The global flow battery market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.North America holds the top position with xx% share of the total market. The USA is a major player among North American countries. This demand is linked with USA's goal to 80% energy generation from renewable sources and 100 % carbon-free electricity by 2030. This market share will continue to grow as the USA is planning to invest USD 370 billion in the upcoming five years. As most of the countries in Europe have increased power generation using renewable sources of energy, the need for the battery for energy storage has also increased. The increasing energy demand and urbanization have seen the Asia Pacific region hold a significant opportunity for the growth of the global flow battery market in the region. In Asia Pacific major countries adopting battery storage systems have looked up to flow batteries as potential replacements for lithium-ion batteries due to less maintenance, faster payback period and scalable capacity. Also, the growing automotive sector in the region has impacted the growth of flow battery sales in the region. Latin America and the Middle East region will see moderate growth in the flow battery market with the increasing adoption of renewable.
Flow Battery Market Scope: Inquire before buying
Global Flow Battery Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: US $ 0.88 Bn. Forecast Period 2024 to 2030 CAGR: 15.25% Market Size in 2030: US $ 2.38 Bn. Segments Covered: by Type Redox batteries Hybrid batteries by Application Electric vehicle charging Grid stability Residential Others by Material Zinc-bromine Vanadium Flow Battery Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argetina and Rest of South America)Flow Battery Market Key Players:
1. VRB Energy 2. Invinity Energy Systems Plc. 3. ESS Tech Inc. 4. WattJoule 5. Lockheed Martin 6. Energy vault batteries 7. Largo inc. 8. Stryten energy 9. VIZN Energy Systems 10. Elestor 11. Sumitomo Electric Frequently Asked Questions: 1] What are the difficulties in setting Flow Battery plant? Ans: Intensive initial investment, material procurement, government policies are some of the difficulties faced by new entrants. 2] Which region holds the highest share of the Global Flow Battery Market? Ans: The North America region holds the highest share of the Flow Battery Market. 3] What will be the market size of the Global Flow Battery Market by 2030? Ans: The market size of the flow battery is expected to reach US$2.38 Bn by 2030. 4] What is the minimum life span of Flow Battery? Ans: The minimum life span of a Flow Battery is 20 years 5] What was the market size of the Global Flow Battery Market in 2023? Ans: The market size of the Global flow battery in 2023 was 0.88 billion dollars
1. Flow Battery Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Flow Battery Market: Dynamics 2.1. Flow Battery Market Trends by Region 2.1.1. North America Flow Battery Market Trends 2.1.2. Europe Flow Battery Market Trends 2.1.3. Asia Pacific Flow Battery Market Trends 2.1.4. Middle East and Africa Flow Battery Market Trends 2.1.5. South America Flow Battery Market Trends 2.2. Flow Battery Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Flow Battery Market Drivers 2.2.1.2. North America Flow Battery Market Restraints 2.2.1.3. North America Flow Battery Market Opportunities 2.2.1.4. North America Flow Battery Market Challenges 2.2.2. Europe 2.2.2.1. Europe Flow Battery Market Drivers 2.2.2.2. Europe Flow Battery Market Restraints 2.2.2.3. Europe Flow Battery Market Opportunities 2.2.2.4. Europe Flow Battery Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Flow Battery Market Drivers 2.2.3.2. Asia Pacific Flow Battery Market Restraints 2.2.3.3. Asia Pacific Flow Battery Market Opportunities 2.2.3.4. Asia Pacific Flow Battery Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Flow Battery Market Drivers 2.2.4.2. Middle East and Africa Flow Battery Market Restraints 2.2.4.3. Middle East and Africa Flow Battery Market Opportunities 2.2.4.4. Middle East and Africa Flow Battery Market Challenges 2.2.5. South America 2.2.5.1. South America Flow Battery Market Drivers 2.2.5.2. South America Flow Battery Market Restraints 2.2.5.3. South America Flow Battery Market Opportunities 2.2.5.4. South America Flow Battery Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Technology Roadmap 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Key Opinion Leader Analysis For Flow Battery Industry 2.8. Analysis of Government Schemes and Initiatives For Flow Battery Industry 2.9. Flow Battery Market Trade Analysis 2.10. The Global Pandemic Impact on Flow Battery Market 3. Flow Battery Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) 2023-2030 3.1. Flow Battery Market Size and Forecast, by Type (2023-2030) 3.1.1. Redox batteries 3.1.2. Hybrid batteries 3.2. Flow Battery Market Size and Forecast, by Application (2023-2030) 3.2.1. Electric vehicle charging 3.2.2. Grid stability 3.2.3. Residential 3.2.4. Others 3.3. Flow Battery Market Size and Forecast, by Material (2023-2030) 3.3.1. Zinc-bromine 3.3.2. Vanadium 3.4. Flow Battery Market Size and Forecast, by Region (2023-2030) 3.4.1. North America 3.4.2. Europe 3.4.3. Asia Pacific 3.4.4. Middle East and Africa 3.4.5. South America 4. North America Flow Battery Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 4.1. North America Flow Battery Market Size and Forecast, by Type (2023-2030) 4.1.1. Redox batteries 4.1.2. Hybrid batteries 4.2. North America Flow Battery Market Size and Forecast, by Application (2023-2030) 4.2.1. Electric vehicle charging 4.2.2. Grid stability 4.2.3. Residential 4.2.4. Others 4.3. North America Flow Battery Market Size and Forecast, by Material (2023-2030) 4.3.1. Zinc-bromine 4.3.2. Vanadium 4.4. North America Flow Battery Market Size and Forecast, by Country (2023-2030) 4.4.1. United States 4.4.1.1. United States Flow Battery Market Size and Forecast, by Type (2023-2030) 4.4.1.1.1. Redox batteries 4.4.1.1.2. Hybrid batteries 4.4.1.2. United States Flow Battery Market Size and Forecast, by Application (2023-2030) 4.4.1.2.1. Electric vehicle charging 4.4.1.2.2. Grid stability 4.4.1.2.3. Residential 4.4.1.2.4. Others 4.4.1.3. United States Flow Battery Market Size and Forecast, by Material (2023-2030) 4.4.1.3.1. Zinc-bromine 4.4.1.3.2. Vanadium 4.4.2. Canada 4.4.2.1. Canada Flow Battery Market Size and Forecast, by Type (2023-2030) 4.4.2.1.1. Redox batteries 4.4.2.1.2. Hybrid batteries 4.4.2.2. Canada Flow Battery Market Size and Forecast, by Application (2023-2030) 4.4.2.2.1. Electric vehicle charging 4.4.2.2.2. Grid stability 4.4.2.2.3. Residential 4.4.2.2.4. Others 4.4.2.3. Canada Flow Battery Market Size and Forecast, by Material (2023-2030) 4.4.2.3.1. Zinc-bromine 4.4.2.3.2. Vanadium 4.4.3. Mexico 4.4.3.1. Mexico Flow Battery Market Size and Forecast, by Type (2023-2030) 4.4.3.1.1. Redox batteries 4.4.3.1.2. Hybrid batteries 4.4.3.2. Mexico Flow Battery Market Size and Forecast, by Application (2023-2030) 4.4.3.2.1. Electric vehicle charging 4.4.3.2.2. Grid stability 4.4.3.2.3. Residential 4.4.3.2.4. Others 4.4.3.3. Mexico Flow Battery Market Size and Forecast, by Material (2023-2030) 4.4.3.3.1. Zinc-bromine 4.4.3.3.2. Vanadium 5. Europe Flow Battery Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 5.1. Europe Flow Battery Market Size and Forecast, by Type (2023-2030) 5.2. Europe Flow Battery Market Size and Forecast, by Application (2023-2030) 5.3. Europe Flow Battery Market Size and Forecast, by Material (2023-2030) 5.4. Europe Flow Battery Market Size and Forecast, by Country (2023-2030) 5.4.1. United Kingdom 5.4.1.1. United Kingdom Flow Battery Market Size and Forecast, by Type (2023-2030) 5.4.1.2. United Kingdom Flow Battery Market Size and Forecast, by Application (2023-2030) 5.4.1.3. United Kingdom Flow Battery Market Size and Forecast, by Material (2023-2030) 5.4.2. France 5.4.2.1. France Flow Battery Market Size and Forecast, by Type (2023-2030) 5.4.2.2. France Flow Battery Market Size and Forecast, by Application (2023-2030) 5.4.2.3. France Flow Battery Market Size and Forecast, by Material (2023-2030) 5.4.3. Germany 5.4.3.1. Germany Flow Battery Market Size and Forecast, by Type (2023-2030) 5.4.3.2. Germany Flow Battery Market Size and Forecast, by Application (2023-2030) 5.4.3.3. Germany Flow Battery Market Size and Forecast, by Material (2023-2030) 5.4.4. Italy 5.4.4.1. Italy Flow Battery Market Size and Forecast, by Type (2023-2030) 5.4.4.2. Italy Flow Battery Market Size and Forecast, by Application (2023-2030) 5.4.4.3. Italy Flow Battery Market Size and Forecast, by Material (2023-2030) 5.4.5. Spain 5.4.5.1. Spain Flow Battery Market Size and Forecast, by Type (2023-2030) 5.4.5.2. Spain Flow Battery Market Size and Forecast, by Application (2023-2030) 5.4.5.3. Spain Flow Battery Market Size and Forecast, by Material (2023-2030) 5.4.6. Sweden 5.4.6.1. Sweden Flow Battery Market Size and Forecast, by Type (2023-2030) 5.4.6.2. Sweden Flow Battery Market Size and Forecast, by Application (2023-2030) 5.4.6.3. Sweden Flow Battery Market Size and Forecast, by Material (2023-2030) 5.4.7. Austria 5.4.7.1. Austria Flow Battery Market Size and Forecast, by Type (2023-2030) 5.4.7.2. Austria Flow Battery Market Size and Forecast, by Application (2023-2030) 5.4.7.3. Austria Flow Battery Market Size and Forecast, by Material (2023-2030) 5.4.8. Rest of Europe 5.4.8.1. Rest of Europe Flow Battery Market Size and Forecast, by Type (2023-2030) 5.4.8.2. Rest of Europe Flow Battery Market Size and Forecast, by Application (2023-2030) 5.4.8.3. Rest of Europe Flow Battery Market Size and Forecast, by Material (2023-2030) 6. Asia Pacific Flow Battery Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 6.1. Asia Pacific Flow Battery Market Size and Forecast, by Type (2023-2030) 6.2. Asia Pacific Flow Battery Market Size and Forecast, by Application (2023-2030) 6.3. Asia Pacific Flow Battery Market Size and Forecast, by Material (2023-2030) 6.4. Asia Pacific Flow Battery Market Size and Forecast, by Country (2023-2030) 6.4.1. China 6.4.1.1. China Flow Battery Market Size and Forecast, by Type (2023-2030) 6.4.1.2. China Flow Battery Market Size and Forecast, by Application (2023-2030) 6.4.1.3. China Flow Battery Market Size and Forecast, by Material (2023-2030) 6.4.2. S Korea 6.4.2.1. S Korea Flow Battery Market Size and Forecast, by Type (2023-2030) 6.4.2.2. S Korea Flow Battery Market Size and Forecast, by Application (2023-2030) 6.4.2.3. S Korea Flow Battery Market Size and Forecast, by Material (2023-2030) 6.4.3. Japan 6.4.3.1. Japan Flow Battery Market Size and Forecast, by Type (2023-2030) 6.4.3.2. Japan Flow Battery Market Size and Forecast, by Application (2023-2030) 6.4.3.3. Japan Flow Battery Market Size and Forecast, by Material (2023-2030) 6.4.4. India 6.4.4.1. India Flow Battery Market Size and Forecast, by Type (2023-2030) 6.4.4.2. India Flow Battery Market Size and Forecast, by Application (2023-2030) 6.4.4.3. India Flow Battery Market Size and Forecast, by Material (2023-2030) 6.4.5. Australia 6.4.5.1. Australia Flow Battery Market Size and Forecast, by Type (2023-2030) 6.4.5.2. Australia Flow Battery Market Size and Forecast, by Application (2023-2030) 6.4.5.3. Australia Flow Battery Market Size and Forecast, by Material (2023-2030) 6.4.6. Indonesia 6.4.6.1. Indonesia Flow Battery Market Size and Forecast, by Type (2023-2030) 6.4.6.2. Indonesia Flow Battery Market Size and Forecast, by Application (2023-2030) 6.4.6.3. Indonesia Flow Battery Market Size and Forecast, by Material (2023-2030) 6.4.7. Malaysia 6.4.7.1. Malaysia Flow Battery Market Size and Forecast, by Type (2023-2030) 6.4.7.2. Malaysia Flow Battery Market Size and Forecast, by Application (2023-2030) 6.4.7.3. Malaysia Flow Battery Market Size and Forecast, by Material (2023-2030) 6.4.8. Vietnam 6.4.8.1. Vietnam Flow Battery Market Size and Forecast, by Type (2023-2030) 6.4.8.2. Vietnam Flow Battery Market Size and Forecast, by Application (2023-2030) 6.4.8.3. Vietnam Flow Battery Market Size and Forecast, by Material (2023-2030) 6.4.9. Taiwan 6.4.9.1. Taiwan Flow Battery Market Size and Forecast, by Type (2023-2030) 6.4.9.2. Taiwan Flow Battery Market Size and Forecast, by Application (2023-2030) 6.4.9.3. Taiwan Flow Battery Market Size and Forecast, by Material (2023-2030) 6.4.10. Rest of Asia Pacific 6.4.10.1. Rest of Asia Pacific Flow Battery Market Size and Forecast, by Type (2023-2030) 6.4.10.2. Rest of Asia Pacific Flow Battery Market Size and Forecast, by Application (2023-2030) 6.4.10.3. Rest of Asia Pacific Flow Battery Market Size and Forecast, by Material (2023-2030) 7. Middle East and Africa Flow Battery Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 7.1. Middle East and Africa Flow Battery Market Size and Forecast, by Type (2023-2030) 7.2. Middle East and Africa Flow Battery Market Size and Forecast, by Application (2023-2030) 7.3. Middle East and Africa Flow Battery Market Size and Forecast, by Material (2023-2030) 7.4. Middle East and Africa Flow Battery Market Size and Forecast, by Country (2023-2030) 7.4.1. South Africa 7.4.1.1. South Africa Flow Battery Market Size and Forecast, by Type (2023-2030) 7.4.1.2. South Africa Flow Battery Market Size and Forecast, by Application (2023-2030) 7.4.1.3. South Africa Flow Battery Market Size and Forecast, by Material (2023-2030) 7.4.2. GCC 7.4.2.1. GCC Flow Battery Market Size and Forecast, by Type (2023-2030) 7.4.2.2. GCC Flow Battery Market Size and Forecast, by Application (2023-2030) 7.4.2.3. GCC Flow Battery Market Size and Forecast, by Material (2023-2030) 7.4.3. Nigeria 7.4.3.1. Nigeria Flow Battery Market Size and Forecast, by Type (2023-2030) 7.4.3.2. Nigeria Flow Battery Market Size and Forecast, by Application (2023-2030) 7.4.3.3. Nigeria Flow Battery Market Size and Forecast, by Material (2023-2030) 7.4.4. Rest of ME&A 7.4.4.1. Rest of ME&A Flow Battery Market Size and Forecast, by Type (2023-2030) 7.4.4.2. Rest of ME&A Flow Battery Market Size and Forecast, by Application (2023-2030) 7.4.4.3. Rest of ME&A Flow Battery Market Size and Forecast, by Material (2023-2030) 8. South America Flow Battery Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 8.1. South America Flow Battery Market Size and Forecast, by Type (2023-2030) 8.2. South America Flow Battery Market Size and Forecast, by Application (2023-2030) 8.3. South America Flow Battery Market Size and Forecast, by Material(2023-2030) 8.4. South America Flow Battery Market Size and Forecast, by Country (2023-2030) 8.4.1. Brazil 8.4.1.1. Brazil Flow Battery Market Size and Forecast, by Type (2023-2030) 8.4.1.2. Brazil Flow Battery Market Size and Forecast, by Application (2023-2030) 8.4.1.3. Brazil Flow Battery Market Size and Forecast, by Material (2023-2030) 8.4.2. Argentina 8.4.2.1. Argentina Flow Battery Market Size and Forecast, by Type (2023-2030) 8.4.2.2. Argentina Flow Battery Market Size and Forecast, by Application (2023-2030) 8.4.2.3. Argentina Flow Battery Market Size and Forecast, by Material (2023-2030) 8.4.3. Rest Of South America 8.4.3.1. Rest Of South America Flow Battery Market Size and Forecast, by Type (2023-2030) 8.4.3.2. Rest Of South America Flow Battery Market Size and Forecast, by Application (2023-2030) 8.4.3.3. Rest Of South America Flow Battery Market Size and Forecast, by Material (2023-2030) 9. Global Flow Battery Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2022) 9.3.5. Company Locations 9.4. Leading Flow Battery Market Companies, by market capitalization 9.5. Market Structure 9.5.1. Market Leaders 9.5.2. Market Followers 9.5.3. Emerging Players 9.6. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. VRB Energy 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. Invinity Energy Systems Plc. 10.3. ESS Tech Inc. 10.4. WattJoule 10.5. Lockheed Martin 10.6. Energy vault batteries 10.7. Largo inc. 10.8. Stryten energy 10.9. VIZN Energy Systems 10.10. Elestor 10.11. Sumitomo Electric 11. Key Findings 12. Industry Recommendations 13. Flow Battery Market: Research Methodology 14. Terms and Glossary