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1616869

液流电池市场:电池类型，材料，贮存，用途，各地区，2024年～2031年

Flow Battery Market By Battery Type (Redox, Hybrid), Material (Vanadium, Zinc Bromine, All Iron), Storage (Small-scale, Large-scale), Application (Utilities, Commercial & Industrial), & Region for 2024-2031

出版日期: 2024年11月24日 | 出版商:

Verified Market Research | 英文 202 Pages | 商品交期: 2-3个工作天内

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简介目录

液流电池市场评估，2024-2031

微电网的扩张，特别是在偏远地区和新兴国家，正在为液流电池应用创造新的机会。因此，随着微电网市场的快速成长，2024年市场规模将超过22.4亿美元，2031年估值将达到96.4亿美元。

液流电池在长期储能应用中表现出色，对于电网弹性和再生能源整合变得越来越重要。因此，由于人们越来越关注长期储能，2024年至2031年市场将以22.10%的复合年增长率成长。

液流电池市场定义/概述

液流电池是一种可充电电化学储能装置，将能量储存在由薄膜隔开的两种独立的化学溶液中。该电池的能量容量可以透过增加电解液罐的尺寸来扩展，使其成为大规模储能的理想选择。这些电池特别适合电网规模的应用，其中可以储存风能和太阳能等再生能源产生的剩余能量，并在高需求时期或低产量时期使用。

液流电池解决了再生能源的间歇性问题，并透过在需求较低时储存多余的能量并在需要时释放它来提高电网的稳定性和可靠性。此外，透过错峰充电、高峰放电，可以抑制电力需求高峰，进而降低消费者和电力公司的电费。

再生能源的日益普及将如何促进液流电池市场的成长？

越来越多地使用太阳能和风能等再生能源，需要高效的储能解决方案来应对间歇性和可变性。液流电池提供了一种在产量低或需求高时储存多余再生能源的可靠方法。根据国际能源总署（IEA）预测，2023年再生能源装置容量预计较2022年增加107GW（33%），总量达440GW。由于再生能源的併网，电网变得更加复杂，对实现电网稳定性和能源安全的技术的需求也随之增加。美国能源部的储能大挑战旨在2030年开发并国产化能够满足美国市场所有需求的储能技术，预计每年市场规模将达350亿美元。

持续的研发努力正在降低液流电池技术的成本并提高其在储能市场的竞争力。根据国家再生能源实验室 (NREL) 的报告，预计 2018 年至 2050 年间，全钒氧化还原液流电池的成本将下降 66%，从 555 美元/kWh 降至 190 美元/kWh。政府的支持政策和激励措施正在推动储能技术（包括液流电池）的采用。美国 2022 年通膨削减法案包括针对 2025 年之前开始建设的项目提供独立的 30% 储能投资税收抵免 (ITC)，该政策适用于液流电池。美国能源部所订定的目标是到2030年将长期储能成本降低90%，持续时间超过10小时的系统平准化成本为0.05美元/kWh，液流电池等技术可大幅提升采用。

低能量密度和高初始资本成本将如何阻碍液流电池市场的成长？

液流电池通常比一些竞争技术（例如锂离子电池）具有较低的能量密度，并且可能需要更大的占地面积来实现同等的能量储存容量。根据美国能源部全球储能资料库显示，钒氧化还原液流电池的能量密度通常为20-40Wh/L，而锂离子电池的能量密度为200-400Wh/L。液流电池通常比其他储能技术具有更高的初始成本，这可能成为采用的障碍。根据美国国家再生能源实验室（NREL）的报告，2020年，续航四小时的钒氧化还原液流电池系统的安装成本约为460美元/kWh，相较之下，锂电池系统的安装成本约为460美元/kWh。

液流电池具有复杂的系统，例如泵浦、水箱和薄膜，这会增加维护要求和操作挑战。根据《能源储存期刊》发表的一项研究，液流电池系统的年度维护成本为初始资本成本的 1.5% 至 2.5%，而锂离子电池系统的年度维护成本为 0.5% 至 1%。与锂离子电池等成熟技术相比，液流电池的商业历史还很短，这可能会让投资者和公用事业公司对采用它们犹豫不决。根据美国能源部全球储能资料库，截至2021年，全球约有70个液流电池专案在运营，而锂离子电池专案则超过700个。

The expansion of microgrids, particularly in remote areas and developing countries, is creating new opportunities for flow battery applications. Thus, with the increasing microgrid market surge the growth of market size surpassing USD 2.24 Billion in 2024 to reach the valuation of USD 9.64 Billion by 2031.

Flow batteries excel in long-duration energy storage applications, which are becoming increasingly important for grid resilience and renewable energy integration. Thus, the increasing focus on long-duration energy storage enables the market to grow at a CAGR of 22.10% from 2024 to 2031.

Flow Battery Market: Definition/ Overview

A flow battery is a rechargeable electrochemical energy storage device that stores energy in two separate chemical solutions, divided by a membrane. The battery's energy capacity is scalable by increasing the size of the electrolyte tanks, making it ideal for large-scale energy storage. These batteries are particularly well-suited for grid-scale applications, where they can store surplus energy generated from renewable sources like wind and solar for use during periods of high demand or low generation.

Flow batteries address the intermittent nature of renewable energy by storing excess energy when demand is low and releasing it when needed, thereby enhancing grid stability and reliability. They also help reduce peak electricity demand by charging during off-peak hours and discharging during peak periods, resulting in lower electricity costs for both consumers and utilities.

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How the Growing Adoption of Renewable Energy Sources Surge the Growth of Flow Battery Market?

The increasing use of renewable energy sources like solar and wind power necessitates efficient energy storage solutions to address intermittency and variability. Flow batteries offer a reliable method for storing excess renewable energy during low-generation or high-demand periods. According to the International Energy Agency (IEA), renewable energy capacity additions are on track to increase by 107 GW (33%) in 2023 compared to 2022, reaching a total of 440 GW. As power grids become more complex with the integration of renewables, there's a growing need for technologies that can provide grid stability and energy security. The U.S. Department of Energy's Energy Storage Grand Challenge aims to develop and domestically manufacture energy storage technologies that can meet all U.S. market demands by 2030, with a projected market size of USD 35 Billion annually.

Ongoing research and development efforts are driving down the costs of flow battery technology, making it more competitive in the energy storage market. According to a report by the National Renewable Energy Laboratory (NREL), the cost of vanadium redox flow batteries is projected to decrease by 66% between 2018 and 2050, from $555/kWh to $190/kWh. Supportive government policies and incentives are encouraging the adoption of energy storage technologies, including flow batteries. The U.S. Inflation Reduction Act of 2022 includes a standalone energy storage Investment Tax Credit (ITC) of 30% for projects commencing construction before 2025, which applies to flow batteries. The U.S. Department of Energy has set a goal to reduce the cost of long-duration energy storage by 90% to $0.05/kWh levelized cost for 10+ hour systems by 2030, which could significantly boost the adoption of technologies like flow batteries.

How do the Lower Energy Density and Higher Initial Capital Costs Impede the Growth of the Flow Battery Market?

The flow batteries typically have lower energy density compared to some competing technologies like lithium-ion batteries, which may require larger footprints for equivalent energy storage capacity. According to the U.S. Department of Energy's Global Energy Storage Database, the energy density of vanadium redox flow batteries typically ranges from 20-40 Wh/L, while lithium-ion batteries can achieve 200-400 Wh/L. Flow batteries often have higher upfront costs compared to other energy storage technologies, which can be a barrier to adoption. A report by the National Renewable Energy Laboratory (NREL) estimated that in 2020, the installed cost for a 4-hour duration vanadium redox flow battery system was approximately $460/kWh, compared to $380/kWh for a lithium-ion system of similar duration.

Flow batteries have more complex systems with pumps, tanks, and membranes, potentially leading to higher maintenance needs and operational challenges. A study published in the Journal of Energy Storage found that the annual maintenance costs for flow battery systems can range from 1.5% to 2.5% of the initial capital cost, compared to 0.5% to 1% for lithium-ion battery systems. Compared to more established technologies like lithium-ion batteries, flow batteries have a shorter commercial history, which can make investors and utilities hesitant to adopt them. According to the U.S. Department of Energy's Global Energy Storage Database, as of 2021, there were approximately 70 operational flow battery projects worldwide, compared to over 700 lithium-ion battery projects.

Category-Wise Acumens

How the High Energy Efficiency and Long-Life Cycle Foster the Growth of Vanadium Segment?

The vanadium segment, dominates in the flow battery market owing to their high energy efficiency, long cycle life, and scalability, making them a preferred choice for grid-scale energy storage applications. One of the key advantages of VRFBs is the use of vanadium electrolytes, which allow for reliable charging and discharging over numerous cycles without significant degradation. This durability is made possible by vanadium's electrochemical properties, which enable the easy transfer of electrons in and out of the element.

In a VRFB, vanadium redox couples V2+/V3+ in the negative half-cell and V4+/V5+ in the positive half-cell are utilized to store energy. This design allows the battery to maintain stable performance over time. A unique advantage of vanadium flow batteries is that their power and energy ratings are independent, meaning they can be optimized separately for specific applications. This flexibility makes VRFBs particularly suited for large-scale energy storage solutions, where both energy capacity and power output can be tailored according to the needs of the grid.

How the Scalability and Long-Life Cycle Surge the Growth of Redox Segment?

The redox segment, particularly vanadium redox flow batteries (VRFBs), holds a dominant position in the flow battery market owing to their exceptional scalability, long cycle life, and reliable performance in grid-scale energy storage applications. VRFBs are especially valued for their ability to maintain capacity over thousands of charge and discharge cycles, making them an ideal solution for large-scale, long-term energy storage needs. Their unique ability to decouple power and energy capacity allows for flexible system design, where power output and storage capacity can be independently scaled to suit specific applications.

VRFBs durability, leads to a shorter payback period, enhancing their cost-effectiveness for utilities and other large-scale energy storage operators. Unlike other battery types, VRFBs experience minimal degradation over time, providing consistent performance throughout their lifespan. This makes them a preferred choice for renewable energy integration, where they can store excess energy from sources like wind and solar for later use, improving grid reliability.

Country/Region-wise Acumens

How does the Increasing Renewable Energy Integration Surge the Growth of the Flow Battery Market in North America?

North America substantially dominates the flow battery market owing to the rapid growth of renewable energy sources in North America is driving the need for effective energy storage solutions like flow batteries to manage intermittency and ensure grid stability. According to the U.S. Energy Information Administration (EIA), renewable energy sources accounted for about 20% of electricity generation in the United States in 2021, up from about 10% in 2011. The EIA projects that renewables will provide 35% of total electricity generation by 2030.

With increasing extreme weather events and aging infrastructure, there's a rising focus on enhancing grid resilience and reliability in North America, driving demand for advanced energy storage solutions like flow batteries. The U.S. Department of Energy's Grid Deployment Office is overseeing the investment of over USD 10.5 Billion to enhance grid resilience and reliability, as part of the Bipartisan Infrastructure Law. This includes significant funding for energy storage projects.

North American governments, particularly in the United States, have implemented policies and incentives that are favorable to the energy storage market, including flow batteries. The U.S. Inflation Reduction Act of 2022 includes a standalone energy storage Investment Tax Credit (ITC) of 30% for projects commencing construction before 2025. This applies to flow batteries and is expected to drive significant market growth. The Canadian government has also committed CAD 964 million over four years to the Smart Renewable and Electrification Pathways Program, which includes support for energy storage projects.

How the Government Policies and Investments in Energy Storage Foster the Growth of the Flow Battery Market in Asia Pacific?

Asia Pacific is anticipated to witness the fastest growth in the flow battery market owing to the region's rapidly expanding renewable energy capacity, which drives the need for energy storage solutions like flow batteries. According to the International Renewable Energy Agency (IRENA), Asia accounted for 64% of new renewable energy capacity added globally in 2021. The region's total renewable energy capacity reached 1.17 TW, with China alone accounting for 931 GW. Many countries in the region are implementing supportive policies and increasing investments in energy storage to improve grid stability and power quality. The China Energy Storage Alliance (CNESA) reports that China's energy storage capacity is expected to reach 35.5 GW by 2025, with government policies targeting 30 GW of new energy storage capacity between 2021 and 2025.

In many parts of the Asia Pacific region, especially in remote and island areas, there's an increasing need for off-grid and microgrid solutions, which often incorporate flow batteries. The Asian Development Bank (ADB) estimates that about 350 million people in Asia and the Pacific still lack access to electricity. The bank has committed to supporting the development of microgrids and off-grid solutions, with plans to invest USD 2 Billion annually in energy projects, including energy storage initiatives.

Competitive Landscape

The Flow Battery Market is still in its early stages, and the competitive landscape is likely to evolve as new technologies and companies emerge. However, the established players in the market have a significant head start and are well-positioned to capitalize on the growing demand for energy storage solutions.

The organizations are focusing on innovating their product line to serve the vast population in diverse regions. Some of the prominent players operating in the flow battery market include:

VRB Energy
H2, Inc.,
ESS Tech, Inc.
Stryten Energy
Vanadis Power GmbH
CellCube Energy Storage Systems Inc
Primus Power Corporation
Dalian Rongke Power Co. Ltd
RedFlow Ltd.
Invinity Energy Systems PLC.

Latest Developments:

In June 2023, Invinity Energy Systems provided 2 MWh of energy storage to OPALCO for a solar plus storage project in San Juan County, Washington, which included nine Invinity VS3 vanadium flow batteries and a 2.75 MWp solar array.
In February 2023, Sumitomo Electric Industries, Ltd. announced its entry into the redox flow battery market in the United States, to identify possible manufacturing possibilities in North America.

1 INTRODUCTION OF GLOBAL FLOW BATTERY MARKET

1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH

3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources

4 GLOBAL FLOW BATTERY MARKET OUTLOOK

4.1 Overview
4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis

5 GLOBAL FLOW BATTERY MARKET, BY TYPE

5.1 Introduction
5.2 Hybrid Flow Battery
5.3 Redox Flow Battery

6 GLOBAL FLOW BATTERY MARKET, BY MATERIAL

6.1 Introduction
6.2 Zinc-Bromine
6.3 Vanadium
6.4 Others

7 GLOBAL FLOW BATTERY MARKET, BY STORAGE

7.1 Introduction
7.2 Compact
7.3 Large Scale

8 GLOBAL FLOW BATTERY MARKET, BY APPLICATION

8.1 Introduction
8.2 Commercial and Industrial
8.3 EV Charging Station
8.4 Military
8.5 Utilities
8.6 Others

9 GLOBAL FLOW BATTERY MARKET, BY GEOGRAPHY

9.1 Overview
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
- 9.2.3 Mexico
9.3 Europe
- 9.3.1 Germany
- 9.3.2 U.K.
- 9.3.3 France
- 9.3.4 Rest of Europe
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 Japan
- 9.4.3 India
- 9.4.4 Rest of Asia Pacific
9.5 Rest of the World
- 9.5.1 Latin America
- 9.5.2 Middle East

10 GLOBAL FLOW BATTERY MARKET COMPETITIVE LANDSCAPE

10.1 Overview
10.2 Company Market Share
10.3 Vendor Landscape
10.4 Key Development Strategies

11 COMPANY PROFILES

11.1 ESS Inc
- 11.1.1 Overview
- 11.1.2 Financial Performance
- 11.1.3 Product Outlook
- 11.1.4 Key Developments
11.2 GILDEMEISTER Energy Solutions
- 11.2.1 Overview
- 11.2.2 Financial Performance
- 11.2.3 Product Outlook
- 11.2.4 Key Developments
11.3 Primus Power
- 11.3.1 Overview
- 11.3.2 Financial Performance
- 11.3.3 Product Outlook
- 11.3.4 Key Developments
11.4 RedFlow
- 11.4.1 Overview
- 11.4.2 Financial Performance
- 11.4.3 Product Outlook
- 11.4.4 Key Developments
11.5 redT Energy
- 11.5.1 Overview
- 11.5.2 Financial Performance
- 11.5.3 Product Outlook
- 11.5.4 Key Developments
11.6 SCHMID
- 11.6.1 Overview
- 11.6.2 Financial Performance
- 11.6.3 Product Outlook
- 11.6.4 Key Developments
11.7 Sumitomo Electric
- 11.7.1 Overview
- 11.7.2 Financial Performance
- 11.7.3 Product Outlook
- 11.7.4 Key Developments
11.8 UniEnergy Technologies
- 11.8.1 Overview
- 11.8.2 Financial Performance
- 11.8.3 Product Outlook
- 11.8.4 Key Developments
11.9 ViZn Energy.
- 11.9.1 Overview
- 11.9.2 Financial Performance
- 11.9.3 Product Outlook
- 11.9.4 Key Developments
11.10 EnSync Energy Systems
- 11.10.1 Overview
- 11.10.2 Financial Performance
- 11.10.3 Product Outlook
- 11.10.4 Key Developments