Report Detail
Global Iron-Chromium (ICB) Flow Batteries Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032
- RnM4669915 |
- 22 January, 2026 |
- Global |
- 80 Pages |
- GIR |
- Energy & Power
According to our (Global Info Research) latest study, the global Iron-Chromium (ICB) Flow Batteries market size was valued at US$ 59.02 million in 2025 and is forecast to a readjusted size of US$ 429 million by 2032 with a CAGR of 33.2% during review period.
Iron-chromium Flow Batteries were pioneered and extensively researched by NASA in the 1970s and 1980s and by Mitsui in Japan. The FeCr flow battery is a redox flow battery (RFB). Energy is stored by using Fe2+ – Fe3+ and Cr2+ – Cr3+ redox couples. The active chemicals are always completely dissolved in the aqueous electrolyte. Like other true RFBs, the power and energy ratings of the FeCr system are independent of each other and can be optimized individually for each application.
Growing Need for Long-Duration Energy Storage
One of the main drivers for Iron-Chromium (ICB) flow batteries is the accelerating global shift toward long-duration energy storage (LDES) solutions. With renewable energy (wind and solar) penetration increasing sharply, grid operators worldwide face volatility and intermittency challenges.
While lithium-ion batteries dominate short-duration storage (1–4 hours), ICB flow batteries are designed for 6–12 hours or even longer discharge durations, filling critical gaps for overnight storage, renewable firming, and daily peak shaving.
Policy Support & Pilot Deployments
Governments in North America, Europe, and Asia-Pacific have identified flow battery technologies — including Iron-Chromium — as strategic LDES candidates alongside vanadium and zinc-iron flow systems.
The US Department of Energy (DOE) and California Energy Commission (CEC) continue to fund pilot-scale flow battery projects. While vanadium remains the more mature chemistry, ICB is emerging as a cost-effective alternative where vanadium supply or cost constraints exist.
In China, several provinces (Inner Mongolia, Gansu, Shandong) have explicitly included ICB demonstration projects in their “14th Five-Year” new energy storage roadmaps, positioning them as local supply chain alternatives to vanadium flow batteries (VRFB).
Technology Improvements & Cost Decline
Compared to VRFBs, Iron-Chromium flow batteries historically faced technical barriers like:
Higher cross-contamination between iron and chromium ions.
Limited electrode stability.
More complex electrolyte regeneration requirements.
This report is a detailed and comprehensive analysis for global Iron-Chromium (ICB) Flow Batteries market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Iron-Chromium (ICB) Flow Batteries market size and forecasts, in consumption value ($ Million), sales quantity (M Wh), and average selling prices (US$/KWh), 2021-2032
Global Iron-Chromium (ICB) Flow Batteries market size and forecasts by region and country, in consumption value ($ Million), sales quantity (M Wh), and average selling prices (US$/KWh), 2021-2032
Global Iron-Chromium (ICB) Flow Batteries market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (M Wh), and average selling prices (US$/KWh), 2021-2032
Global Iron-Chromium (ICB) Flow Batteries market shares of main players, shipments in revenue ($ Million), sales quantity (M Wh), and ASP (US$/KWh), 2021-2026
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Iron-Chromium (ICB) Flow Batteries
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Iron-Chromium (ICB) Flow Batteries market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Herui Power Investment, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Iron-Chromium (ICB) Flow Batteries market is split by Type and by Application. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
4.5KW
30KW
Market segment by Application
Energy Storage System
Public Utilities
Major players covered
Herui Power Investment
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Iron-Chromium (ICB) Flow Batteries product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Iron-Chromium (ICB) Flow Batteries, with price, sales quantity, revenue, and global market share of Iron-Chromium (ICB) Flow Batteries from 2021 to 2026.
Chapter 3, the Iron-Chromium (ICB) Flow Batteries competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Iron-Chromium (ICB) Flow Batteries breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2021 to 2032.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2021 to 2032.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2021 to 2026.and Iron-Chromium (ICB) Flow Batteries market forecast, by regions, by Type, and by Application, with sales and revenue, from 2027 to 2032.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Iron-Chromium (ICB) Flow Batteries.
Chapter 14 and 15, to describe Iron-Chromium (ICB) Flow Batteries sales channel, distributors, customers, research findings and conclusion.
1 Market Overview
- 1.1 Product Overview and Scope
- 1.2 Market Estimation Caveats and Base Year
- 1.3 Market Analysis by Type
- 1.3.1 Overview: Global Iron-Chromium (ICB) Flow Batteries Consumption Value by Type: 2021 Versus 2025 Versus 2032
- 1.3.2 4.5KW
- 1.3.3 30KW
- 1.4 Market Analysis by Application
- 1.4.1 Overview: Global Iron-Chromium (ICB) Flow Batteries Consumption Value by Application: 2021 Versus 2025 Versus 2032
- 1.4.2 Energy Storage System
- 1.4.3 Public Utilities
- 1.5 Global Iron-Chromium (ICB) Flow Batteries Market Size & Forecast
- 1.5.1 Global Iron-Chromium (ICB) Flow Batteries Consumption Value (2021 & 2025 & 2032)
- 1.5.2 Global Iron-Chromium (ICB) Flow Batteries Sales Quantity (2021-2032)
- 1.5.3 Global Iron-Chromium (ICB) Flow Batteries Average Price (2021-2032)
2 Manufacturers Profiles
- 2.1 Herui Power Investment
- 2.1.1 Herui Power Investment Details
- 2.1.2 Herui Power Investment Major Business
- 2.1.3 Herui Power Investment Iron-Chromium (ICB) Flow Batteries Product and Services
- 2.1.4 Herui Power Investment Iron-Chromium (ICB) Flow Batteries Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
- 2.1.5 Herui Power Investment Recent Developments/Updates
3 Competitive Environment: Iron-Chromium (ICB) Flow Batteries by Manufacturer
- 3.1 Global Iron-Chromium (ICB) Flow Batteries Sales Quantity by Manufacturer (2021-2026)
- 3.2 Global Iron-Chromium (ICB) Flow Batteries Revenue by Manufacturer (2021-2026)
- 3.3 Global Iron-Chromium (ICB) Flow Batteries Average Price by Manufacturer (2021-2026)
- 3.4 Market Share Analysis (2025)
- 3.4.1 Producer Shipments of Iron-Chromium (ICB) Flow Batteries by Manufacturer Revenue ($MM) and Market Share (%): 2025
- 3.4.2 Top 3 Iron-Chromium (ICB) Flow Batteries Manufacturer Market Share in 2025
- 3.4.3 Top 6 Iron-Chromium (ICB) Flow Batteries Manufacturer Market Share in 2025
- 3.5 Iron-Chromium (ICB) Flow Batteries Market: Overall Company Footprint Analysis
- 3.5.1 Iron-Chromium (ICB) Flow Batteries Market: Region Footprint
- 3.5.2 Iron-Chromium (ICB) Flow Batteries Market: Company Product Type Footprint
- 3.5.3 Iron-Chromium (ICB) Flow Batteries Market: Company Product Application Footprint
- 3.6 New Market Entrants and Barriers to Market Entry
- 3.7 Mergers, Acquisition, Agreements, and Collaborations
4 Consumption Analysis by Region
- 4.1 Global Iron-Chromium (ICB) Flow Batteries Market Size by Region
- 4.1.1 Global Iron-Chromium (ICB) Flow Batteries Sales Quantity by Region (2021-2032)
- 4.1.2 Global Iron-Chromium (ICB) Flow Batteries Consumption Value by Region (2021-2032)
- 4.1.3 Global Iron-Chromium (ICB) Flow Batteries Average Price by Region (2021-2032)
- 4.2 North America Iron-Chromium (ICB) Flow Batteries Consumption Value (2021-2032)
- 4.3 Europe Iron-Chromium (ICB) Flow Batteries Consumption Value (2021-2032)
- 4.4 Asia-Pacific Iron-Chromium (ICB) Flow Batteries Consumption Value (2021-2032)
- 4.5 South America Iron-Chromium (ICB) Flow Batteries Consumption Value (2021-2032)
- 4.6 Middle East & Africa Iron-Chromium (ICB) Flow Batteries Consumption Value (2021-2032)
5 Market Segment by Type
- 5.1 Global Iron-Chromium (ICB) Flow Batteries Sales Quantity by Type (2021-2032)
- 5.2 Global Iron-Chromium (ICB) Flow Batteries Consumption Value by Type (2021-2032)
- 5.3 Global Iron-Chromium (ICB) Flow Batteries Average Price by Type (2021-2032)
6 Market Segment by Application
- 6.1 Global Iron-Chromium (ICB) Flow Batteries Sales Quantity by Application (2021-2032)
- 6.2 Global Iron-Chromium (ICB) Flow Batteries Consumption Value by Application (2021-2032)
- 6.3 Global Iron-Chromium (ICB) Flow Batteries Average Price by Application (2021-2032)
7 North America
- 7.1 North America Iron-Chromium (ICB) Flow Batteries Sales Quantity by Type (2021-2032)
- 7.2 North America Iron-Chromium (ICB) Flow Batteries Sales Quantity by Application (2021-2032)
- 7.3 North America Iron-Chromium (ICB) Flow Batteries Market Size by Country
- 7.3.1 North America Iron-Chromium (ICB) Flow Batteries Sales Quantity by Country (2021-2032)
- 7.3.2 North America Iron-Chromium (ICB) Flow Batteries Consumption Value by Country (2021-2032)
- 7.3.3 United States Market Size and Forecast (2021-2032)
- 7.3.4 Canada Market Size and Forecast (2021-2032)
- 7.3.5 Mexico Market Size and Forecast (2021-2032)
8 Europe
- 8.1 Europe Iron-Chromium (ICB) Flow Batteries Sales Quantity by Type (2021-2032)
- 8.2 Europe Iron-Chromium (ICB) Flow Batteries Sales Quantity by Application (2021-2032)
- 8.3 Europe Iron-Chromium (ICB) Flow Batteries Market Size by Country
- 8.3.1 Europe Iron-Chromium (ICB) Flow Batteries Sales Quantity by Country (2021-2032)
- 8.3.2 Europe Iron-Chromium (ICB) Flow Batteries Consumption Value by Country (2021-2032)
- 8.3.3 Germany Market Size and Forecast (2021-2032)
- 8.3.4 France Market Size and Forecast (2021-2032)
- 8.3.5 United Kingdom Market Size and Forecast (2021-2032)
- 8.3.6 Russia Market Size and Forecast (2021-2032)
- 8.3.7 Italy Market Size and Forecast (2021-2032)
9 Asia-Pacific
- 9.1 Asia-Pacific Iron-Chromium (ICB) Flow Batteries Sales Quantity by Type (2021-2032)
- 9.2 Asia-Pacific Iron-Chromium (ICB) Flow Batteries Sales Quantity by Application (2021-2032)
- 9.3 Asia-Pacific Iron-Chromium (ICB) Flow Batteries Market Size by Region
- 9.3.1 Asia-Pacific Iron-Chromium (ICB) Flow Batteries Sales Quantity by Region (2021-2032)
- 9.3.2 Asia-Pacific Iron-Chromium (ICB) Flow Batteries Consumption Value by Region (2021-2032)
- 9.3.3 China Market Size and Forecast (2021-2032)
- 9.3.4 Japan Market Size and Forecast (2021-2032)
- 9.3.5 South Korea Market Size and Forecast (2021-2032)
- 9.3.6 India Market Size and Forecast (2021-2032)
- 9.3.7 Southeast Asia Market Size and Forecast (2021-2032)
- 9.3.8 Australia Market Size and Forecast (2021-2032)
10 South America
- 10.1 South America Iron-Chromium (ICB) Flow Batteries Sales Quantity by Type (2021-2032)
- 10.2 South America Iron-Chromium (ICB) Flow Batteries Sales Quantity by Application (2021-2032)
- 10.3 South America Iron-Chromium (ICB) Flow Batteries Market Size by Country
- 10.3.1 South America Iron-Chromium (ICB) Flow Batteries Sales Quantity by Country (2021-2032)
- 10.3.2 South America Iron-Chromium (ICB) Flow Batteries Consumption Value by Country (2021-2032)
- 10.3.3 Brazil Market Size and Forecast (2021-2032)
- 10.3.4 Argentina Market Size and Forecast (2021-2032)
11 Middle East & Africa
- 11.1 Middle East & Africa Iron-Chromium (ICB) Flow Batteries Sales Quantity by Type (2021-2032)
- 11.2 Middle East & Africa Iron-Chromium (ICB) Flow Batteries Sales Quantity by Application (2021-2032)
- 11.3 Middle East & Africa Iron-Chromium (ICB) Flow Batteries Market Size by Country
- 11.3.1 Middle East & Africa Iron-Chromium (ICB) Flow Batteries Sales Quantity by Country (2021-2032)
- 11.3.2 Middle East & Africa Iron-Chromium (ICB) Flow Batteries Consumption Value by Country (2021-2032)
- 11.3.3 Turkey Market Size and Forecast (2021-2032)
- 11.3.4 Egypt Market Size and Forecast (2021-2032)
- 11.3.5 Saudi Arabia Market Size and Forecast (2021-2032)
- 11.3.6 South Africa Market Size and Forecast (2021-2032)
12 Market Dynamics
- 12.1 Iron-Chromium (ICB) Flow Batteries Market Drivers
- 12.2 Iron-Chromium (ICB) Flow Batteries Market Restraints
- 12.3 Iron-Chromium (ICB) Flow Batteries Trends Analysis
- 12.4 Porters Five Forces Analysis
- 12.4.1 Threat of New Entrants
- 12.4.2 Bargaining Power of Suppliers
- 12.4.3 Bargaining Power of Buyers
- 12.4.4 Threat of Substitutes
- 12.4.5 Competitive Rivalry
13 Raw Material and Industry Chain
- 13.1 Raw Material of Iron-Chromium (ICB) Flow Batteries and Key Manufacturers
- 13.2 Manufacturing Costs Percentage of Iron-Chromium (ICB) Flow Batteries
- 13.3 Iron-Chromium (ICB) Flow Batteries Production Process
- 13.4 Industry Value Chain Analysis
14 Shipments by Distribution Channel
- 14.1 Sales Channel
- 14.1.1 Direct to End-User
- 14.1.2 Distributors
- 14.2 Iron-Chromium (ICB) Flow Batteries Typical Distributors
- 14.3 Iron-Chromium (ICB) Flow Batteries Typical Customers
15 Research Findings and Conclusion
16 Appendix
- 16.1 Methodology
- 16.2 Research Process and Data Source
Summary:
Get latest Market Research Reports on Iron-Chromium (ICB) Flow Batteries. Industry analysis & Market Report on Iron-Chromium (ICB) Flow Batteries is a syndicated market report, published as Global Iron-Chromium (ICB) Flow Batteries Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032. It is complete Research Study and Industry Analysis of Iron-Chromium (ICB) Flow Batteries market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.
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