| Product Code: ETC5623575 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Republic of North Macedonia saw a significant increase in flow battery imports in 2024, with top exporting countries being Slovenia, Bulgaria, China, Vietnam, and Germany. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. The compound annual growth rate (CAGR) from 2020 to 2024 was an impressive 52.97%, with a notable growth rate of 76.83% from 2023 to 2024. This data suggests a robust demand for flow batteries in North Macedonia, driven by imports from key trading partners.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Republic of Macedonia Flow Battery Market Overview |
3.1 Republic of Macedonia Country Macro Economic Indicators |
3.2 Republic of Macedonia Flow Battery Market Revenues & Volume, 2021 & 2031F |
3.3 Republic of Macedonia Flow Battery Market - Industry Life Cycle |
3.4 Republic of Macedonia Flow Battery Market - Porter's Five Forces |
3.5 Republic of Macedonia Flow Battery Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Republic of Macedonia Flow Battery Market Revenues & Volume Share, By Storage , 2021 & 2031F |
3.7 Republic of Macedonia Flow Battery Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Republic of Macedonia Flow Battery Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for renewable energy sources in North Macedonia |
4.2.2 Government initiatives and policies supporting the adoption of energy storage solutions |
4.2.3 Growing focus on energy efficiency and sustainability in the region |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with flow battery systems |
4.3.2 Lack of awareness and understanding of flow battery technology among consumers |
4.3.3 Limited availability of skilled workforce for installation and maintenance of flow battery systems |
5 Republic of Macedonia Flow Battery Market Trends |
6 Republic of Macedonia Flow Battery Market Segmentations |
6.1 Republic of Macedonia Flow Battery Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Republic of Macedonia Flow Battery Market Revenues & Volume, By Vanadium Redox Flow Battery, 2021-2031F |
6.1.3 Republic of Macedonia Flow Battery Market Revenues & Volume, By Zinc Bromine Flow Battery, 2021-2031F |
6.1.4 Republic of Macedonia Flow Battery Market Revenues & Volume, By Iron Flow Battery, 2021-2031F |
6.1.5 Republic of Macedonia Flow Battery Market Revenues & Volume, By Zinc Iron Flow Battery, 2021-2031F |
6.2 Republic of Macedonia Flow Battery Market, By Storage |
6.2.1 Overview and Analysis |
6.2.2 Republic of Macedonia Flow Battery Market Revenues & Volume, By Compact , 2021-2031F |
6.2.3 Republic of Macedonia Flow Battery Market Revenues & Volume, By Large scale, 2021-2031F |
6.3 Republic of Macedonia Flow Battery Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Republic of Macedonia Flow Battery Market Revenues & Volume, By Utilities, 2021-2031F |
6.3.3 Republic of Macedonia Flow Battery Market Revenues & Volume, By Commercial & Industrial, 2021-2031F |
6.3.4 Republic of Macedonia Flow Battery Market Revenues & Volume, By EV Charging Station, 2021-2031F |
7 Republic of Macedonia Flow Battery Market Import-Export Trade Statistics |
7.1 Republic of Macedonia Flow Battery Market Export to Major Countries |
7.2 Republic of Macedonia Flow Battery Market Imports from Major Countries |
8 Republic of Macedonia Flow Battery Market Key Performance Indicators |
8.1 Number of government incentives and subsidies for energy storage projects |
8.2 Percentage increase in renewable energy capacity in North Macedonia |
8.3 Level of investment in research and development for flow battery technology |
8.4 Adoption rate of flow battery systems in key industries |
8.5 Number of training programs or certifications for flow battery technicians available in the region |
9 Republic of Macedonia Flow Battery Market - Opportunity Assessment |
9.1 Republic of Macedonia Flow Battery Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Republic of Macedonia Flow Battery Market Opportunity Assessment, By Storage , 2021 & 2031F |
9.3 Republic of Macedonia Flow Battery Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Republic of Macedonia Flow Battery Market - Competitive Landscape |
10.1 Republic of Macedonia Flow Battery Market Revenue Share, By Companies, 2024 |
10.2 Republic of Macedonia Flow Battery Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |