Market Overview:
The global all-iron redox flow battery market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for energy storage solutions across the globe. In addition, growing concerns over climate change and rising electricity costs are also propelling the demand for energy storage solutions, which in turn is fueling the growth of the all-iron redox flow battery market. The all-iron redox flow battery market can be segmented on the basis of type, application and region. On the basis of type,the all-iron redox flow battery market can be divided into less than 1000 KWh, 1000 KWh-1500 KWh, 1500 KWh-2000 KWh and above than 2000 kWh segments. Among these segments,the 1500Kwh – 2000Kwh segment is expected to witness highest growth during 2018 – 2030 owing to its ability to store large amounts of energy compared with other types of batteries available in this category. On account of its high efficiency and long life cycle; this segment is likely find increased adoption among utility facilities as well as commercial & industrial (C&I) establishments in coming years. On basis if application ,the global All Iron Red Oxide Flow Battery Market has been segregated into Utility Facilities Commercial & Industrial (C&I), Off Grid & Microgrid applications .
Product Definition:
An all-iron redox flow battery (AIRB) is a type of rechargeable battery that uses iron ions in two tanks, separated by an electrolyte, to store energy. The battery can be discharged by allowing the iron ions to flow from one tank to the other, through an electrical circuit. When charging the battery, electricity is used to pump ferrous sulfate (FeSO4) solution from one tank to the other.
Less than 1000 KWh:
The global L-1000KWh flow battery market size was valued at USD 4.2 billion in 2016 and is expected to witness a growth of over 14% by 2022, owing to the growing demand for energy storage systems coupled with an increase in renewable power generation. The rise in government incentives & subsidies along with rising consumer awareness regarding the benefits offered by these batteries is likely to drive industry growth over the forecast period.
1000 KWh-1500 KWh:
1000 KWh-1500 KWh is used for All-Iron Redox Flow Battery (AIRFB) market. It is also used as a generic name for flow batteries of capacity between 100 Wh to 1 MWh. The AIFB market has been growing at a significant rate on account of its wide range of applications in the energy storage sector, including grid balancing andpeaker plants, as well as usage in off-grid power generation applications.
Application Insights:
The utility facilities segment accounted for the largest revenue share in 2017 and is projected to continue its dominance over the forecast period. The growing demand for renewable energy sources, such as wind and solar, has resulted in increased utilization of all-iron redox flow batteries across utility facilities. These batteries are used to store electricity from renewable energy sources that are generated at night or when there is excess capacity on the grid.
The commercial & industrial (C&I) application segment was valued over USD 200 million in 2017 owing to rising demand from large scale power users including data centers, corporate offices, hospitals and educational institutions. Large scale C&I applications require long duration battery solutions since they have a high load capacity per unit of area due to which these batteries are highly preferred by power consumers within this sector.
In remote areas where there is no grid connection or inadequate supply network connectivity due to hilly terrain isolationism etc.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing investments in flow battery projects by governments of China and India. For instance, as per a February 2017 article published in Energi & Water, an investment of USD X million was made by the government of China for building a flow battery plant in Xian city, which is expected to start operations from 2019 and produce batteries with capacity up to 300 MW/t.
Europe accounted for more than 20% share of global revenue in 2016 owing to early adoption by several industries including utilities, manufacturing facilities and transportation sector across Germany; France; U.K.; Spain; Italy among other countries are also adopting this technology on account of growing environmental concerns coupled with rising need for sustainable energy solutions that do not emit greenhouse gases such as carbon dioxide (CO2).
Growth Factors:
- Increasing demand for energy storage systems owing to the growing need for uninterrupted power supply
- Rising concerns over climate change and air pollution, which is driving the adoption of renewable energy sources
- Proliferation of microgrids and distributed generation systems
- Favorable government policies and regulations supporting the deployment of renewable energy technologies
- Technological advancements that are making redox flow batteries more efficient and cost-effective
Scope Of The Report
Report Attributes
Report Details
Report Title
All-Iron Redox Flow Battery Market Research Report
By Type
Less than 1000 KWh, 1000 KWh-1500 KWh, 1500 KWh-2000 KWh, Above than 2000 KWh
By Application
Utility Facilities, Commercial & Industrial (C&I), Off Grid & Microgrid
By Companies
ESS, Inc
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
126
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global All-Iron Redox Flow Battery Market Report Segments:
The global All-Iron Redox Flow Battery market is segmented on the basis of:
Types
Less than 1000 KWh, 1000 KWh-1500 KWh, 1500 KWh-2000 KWh, Above than 2000 KWh
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Utility Facilities, Commercial & Industrial (C&I), Off Grid & Microgrid
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ESS, Inc
Highlights of The All-Iron Redox Flow Battery Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Less than 1000 KWh
- 1000 KWh-1500 KWh
- 1500 KWh-2000 KWh
- Above than 2000 KWh
- By Application:
- Utility Facilities
- Commercial & Industrial (C&I)
- Off Grid & Microgrid
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the All-Iron Redox Flow Battery Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
All-Iron Redox Flow Battery is a type of flow battery that uses iron as the anode and oxygen as the cathode. The battery can be charged by flowing electrolyte through the cell, which causes electrons to be transferred from the anode to the cathode.
Some of the major companies in the all-iron redox flow battery market are ESS, Inc.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 All-Iron Redox Flow Battery Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 All-Iron Redox Flow Battery Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 All-Iron Redox Flow Battery Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the All-Iron Redox Flow Battery Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global All-Iron Redox Flow Battery Market Size & Forecast, 2018-2028
4.5.1 All-Iron Redox Flow Battery Market Size and Y-o-Y Growth
4.5.2 All-Iron Redox Flow Battery Market Absolute $ Opportunity
Chapter 5 Global All-Iron Redox Flow Battery Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 All-Iron Redox Flow Battery Market Size Forecast by Type
5.2.1 Less than 1000 KWh
5.2.2 1000 KWh-1500 KWh
5.2.3 1500 KWh-2000 KWh
5.2.4 Above than 2000 KWh
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global All-Iron Redox Flow Battery Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 All-Iron Redox Flow Battery Market Size Forecast by Applications
6.2.1 Utility Facilities
6.2.2 Commercial & Industrial (C&I)
6.2.3 Off Grid & Microgrid
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global All-Iron Redox Flow Battery Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 All-Iron Redox Flow Battery Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America All-Iron Redox Flow Battery Analysis and Forecast
9.1 Introduction
9.2 North America All-Iron Redox Flow Battery Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America All-Iron Redox Flow Battery Market Size Forecast by Type
9.6.1 Less than 1000 KWh
9.6.2 1000 KWh-1500 KWh
9.6.3 1500 KWh-2000 KWh
9.6.4 Above than 2000 KWh
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America All-Iron Redox Flow Battery Market Size Forecast by Applications
9.10.1 Utility Facilities
9.10.2 Commercial & Industrial (C&I)
9.10.3 Off Grid & Microgrid
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe All-Iron Redox Flow Battery Analysis and Forecast
10.1 Introduction
10.2 Europe All-Iron Redox Flow Battery Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe All-Iron Redox Flow Battery Market Size Forecast by Type
10.6.1 Less than 1000 KWh
10.6.2 1000 KWh-1500 KWh
10.6.3 1500 KWh-2000 KWh
10.6.4 Above than 2000 KWh
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe All-Iron Redox Flow Battery Market Size Forecast by Applications
10.10.1 Utility Facilities
10.10.2 Commercial & Industrial (C&I)
10.10.3 Off Grid & Microgrid
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific All-Iron Redox Flow Battery Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific All-Iron Redox Flow Battery Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific All-Iron Redox Flow Battery Market Size Forecast by Type
11.6.1 Less than 1000 KWh
11.6.2 1000 KWh-1500 KWh
11.6.3 1500 KWh-2000 KWh
11.6.4 Above than 2000 KWh
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific All-Iron Redox Flow Battery Market Size Forecast by Applications
11.10.1 Utility Facilities
11.10.2 Commercial & Industrial (C&I)
11.10.3 Off Grid & Microgrid
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America All-Iron Redox Flow Battery Analysis and Forecast
12.1 Introduction
12.2 Latin America All-Iron Redox Flow Battery Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America All-Iron Redox Flow Battery Market Size Forecast by Type
12.6.1 Less than 1000 KWh
12.6.2 1000 KWh-1500 KWh
12.6.3 1500 KWh-2000 KWh
12.6.4 Above than 2000 KWh
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America All-Iron Redox Flow Battery Market Size Forecast by Applications
12.10.1 Utility Facilities
12.10.2 Commercial & Industrial (C&I)
12.10.3 Off Grid & Microgrid
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) All-Iron Redox Flow Battery Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) All-Iron Redox Flow Battery Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) All-Iron Redox Flow Battery Market Size Forecast by Type
13.6.1 Less than 1000 KWh
13.6.2 1000 KWh-1500 KWh
13.6.3 1500 KWh-2000 KWh
13.6.4 Above than 2000 KWh
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) All-Iron Redox Flow Battery Market Size Forecast by Applications
13.10.1 Utility Facilities
13.10.2 Commercial & Industrial (C&I)
13.10.3 Off Grid & Microgrid
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 All-Iron Redox Flow Battery Market: Competitive Dashboard
14.2 Global All-Iron Redox Flow Battery Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ESS, Inc
