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Global Vanadium Redox Battery (VRB) Market by Size, by Type, by Application, by Region, History and Forecast 2019-2030

April 2024 | 135 pages | ID: G5D6FBA06965EN
APO Research

US$ 3,950.00

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The vanadium redox battery (VRB) (or Vanadium flow battery) is a type of rechargeable flow battery that employs vanadium ions in different oxidation states to store chemical potential energy. The vanadium redox battery exploits the ability of vanadium to exist in solution in four different oxidation states, and uses this property to make a battery that has just one electro active element instead of two. For several reasons, including their relatively bulky size, most vanadium batteries are currently used for grid energy storage, such as being attached to power plants or electrical grids.

Unlike other RFBs, vanadium redox flow batteries (VRBs) use only one element (vanadium) in both tanks, exploiting vanadium’s ability to exist in several states. By using one element in both tanks, VRBs can overcome cross-contamination degradation, a significant issue with other RFB chemistries that use more than one element. The energy density of VRBs depends on the concentration of vanadium: the higher the concentration, the higher the energy density.

According to APO Research, The global Vanadium Redox Battery (VRB) market is projected to grow from US$ million in 2024 to US$ million by 2030, at a Compound Annual Growth Rate (CAGR) of % during the forecast period.

Rongke Power, Sumitomo Electric Industries and Unienergy Technologies are the main producers of vanadium REDOX batteries (VRBs). Rongke Power is the world's first, accounting for about 40% of the market, and the top 3 accounted for about 70%.

China is the largest producing region, accounting for about 60% of the world's total, followed by Japan at about 20%.

In terms of production side, this report researches the Vanadium Redox Battery (VRB) production, growth rate, market share by manufacturers and by region (region level and country level), from 2019 to 2024, and forecast to 2030.

In terms of consumption side, this report focuses on the sales of Vanadium Redox Battery (VRB) by region (region level and country level), by company, by type and by application. from 2019 to 2024 and forecast to 2030.

This report presents an overview of global market for Vanadium Redox Battery (VRB), capacity, output, revenue and price. Analyses of the global market trends, with historic market revenue or sales data for 2019 - 2023, estimates for 2024, and projections of CAGR through 2030.

This report researches the key producers of Vanadium Redox Battery (VRB), also provides the consumption of main regions and countries. Of the upcoming market potential for Vanadium Redox Battery (VRB), and key regions or countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.

This report focuses on the Vanadium Redox Battery (VRB) sales, revenue, market share and industry ranking of main manufacturers, data from 2019 to 2024. Identification of the major stakeholders in the global Vanadium Redox Battery (VRB) market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.

This report analyzes the segments data by type and by application, sales, revenue, and price, from 2019 to 2030. Evaluation and forecast the market size for Vanadium Redox Battery (VRB) sales, projected growth trends, production technology, application and end-user industry.

Descriptive company profiles of the major global players, including Sumitomo Electric Industries, Rongke Power, UniEnergy Technologies, redT Energy, Vionx Energy, Big Pawer, Australian Vanadium, Golden Energy Fuel Cell and H2, Inc., etc.

Vanadium Redox Battery (VRB) segment by Company
  • Sumitomo Electric Industries
  • Rongke Power
  • UniEnergy Technologies
  • redT Energy
  • Vionx Energy
  • Big Pawer
  • Australian Vanadium
  • Golden Energy Fuel Cell
  • H2, Inc.
Vanadium Redox Battery (VRB) segment by Type
  • Carbon Paper Electrode
  • Graphite Felt Electrode
Vanadium Redox Battery (VRB) segment by Application
  • Large-Scale Energy Storage
  • Uninterruptible Power Supply
  • Others
Vanadium Redox Battery (VRB) segment by Region
  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Russia
  • Asia-Pacific
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • China Taiwan
  • Indonesia
  • Thailand
  • Malaysia
  • Latin America
  • Mexico
  • Brazil
  • Argentina
  • Middle East & Africa
  • Turkey
  • Saudi Arabia
  • UAE
Study Objectives

1. To analyze and research the global status and future forecast, involving, production, value, consumption, growth rate (CAGR), market share, historical and forecast.

2. To present the key manufacturers, capacity, production, revenue, market share, and Recent Developments.

3. To split the breakdown data by regions, type, manufacturers, and Application.

4. To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints, and risks.

5. To identify significant trends, drivers, influence factors in global and regions.

6. To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Vanadium Redox Battery (VRB) market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.

2. This report will help stakeholders to understand the global industry status and trends of Vanadium Redox Battery (VRB) and provides them with information on key market drivers, restraints, challenges, and opportunities.

3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.

4. This report stays updated with novel technology integration, features, and the latest developments in the market.

5. This report helps stakeholders to gain insights into which regions to target globally.

6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Vanadium Redox Battery (VRB).

7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Provides an overview of the Vanadium Redox Battery (VRB) market, including product definition, global market growth prospects, production value, capacity, and average price forecasts (2019-2030).

Chapter 2: Analysis key trends, drivers, challenges, and opportunities within the global Vanadium Redox Battery (VRB) industry.

Chapter 3: Detailed analysis of Vanadium Redox Battery (VRB) market competition landscape. Including Vanadium Redox Battery (VRB) manufacturers' output value, output and average price from 2019 to 2024, as well as competition analysis indicators such as origin, product type, application, merger and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.

Chapter 7: Production/Production Value of Vanadium Redox Battery (VRB) by region. It provides a quantitative analysis of the market size and development potential of each region in the next six years.

Chapter 8: Consumption of Vanadium Redox Battery (VRB) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.

Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 10: Concluding Insights of the report.
1 MARKET OVERVIEW

1.1 Product Definition
1.2 Global Market Growth Prospects
  1.2.1 Global Vanadium Redox Battery (VRB) Production Value Estimates and Forecasts (2019-2030)
  1.2.2 Global Vanadium Redox Battery (VRB) Production Capacity Estimates and Forecasts (2019-2030)
  1.2.3 Global Vanadium Redox Battery (VRB) Production Estimates and Forecasts (2019-2030)
  1.2.4 Global Vanadium Redox Battery (VRB) Market Average Price (2019-2030)
1.3 Assumptions and Limitations
1.4 Study Goals and Objectives

2 GLOBAL VANADIUM REDOX BATTERY (VRB) MARKET DYNAMICS

2.1 Vanadium Redox Battery (VRB) Industry Trends
2.2 Vanadium Redox Battery (VRB) Industry Drivers
2.3 Vanadium Redox Battery (VRB) Industry Opportunities and Challenges
2.4 Vanadium Redox Battery (VRB) Industry Restraints

3 VANADIUM REDOX BATTERY (VRB) MARKET BY MANUFACTURERS

3.1 Global Vanadium Redox Battery (VRB) Production Value by Manufacturers (2019-2024)
3.2 Global Vanadium Redox Battery (VRB) Production by Manufacturers (2019-2024)
3.3 Global Vanadium Redox Battery (VRB) Average Price by Manufacturers (2019-2024)
3.4 Global Vanadium Redox Battery (VRB) Industry Manufacturers Ranking, 2022 VS 2023 VS 2024
3.5 Global Vanadium Redox Battery (VRB) Key Manufacturers Manufacturing Sites & Headquarters
3.6 Global Vanadium Redox Battery (VRB) Manufacturers, Product Type & Application
3.7 Global Vanadium Redox Battery (VRB) Manufacturers Commercialization Time
3.8 Market Competitive Analysis
  3.8.1 Global Vanadium Redox Battery (VRB) Market CR5 and HHI
  3.8.2 Global Top 5 and 10 Vanadium Redox Battery (VRB) Players Market Share by Production Value in 2023
  3.8.3 2023 Vanadium Redox Battery (VRB) Tier 1, Tier 2, and Tier

4 VANADIUM REDOX BATTERY (VRB) MARKET BY TYPE

4.1 Vanadium Redox Battery (VRB) Type Introduction
  4.1.1 Carbon Paper Electrode
  4.1.2 Graphite Felt Electrode
4.2 Global Vanadium Redox Battery (VRB) Production by Type
  4.2.1 Global Vanadium Redox Battery (VRB) Production by Type (2019 VS 2023 VS 2030)
  4.2.2 Global Vanadium Redox Battery (VRB) Production by Type (2019-2030)
  4.2.3 Global Vanadium Redox Battery (VRB) Production Market Share by Type (2019-2030)
4.3 Global Vanadium Redox Battery (VRB) Production Value by Type
  4.3.1 Global Vanadium Redox Battery (VRB) Production Value by Type (2019 VS 2023 VS 2030)
  4.3.2 Global Vanadium Redox Battery (VRB) Production Value by Type (2019-2030)
  4.3.3 Global Vanadium Redox Battery (VRB) Production Value Market Share by Type (2019-2030)

5 VANADIUM REDOX BATTERY (VRB) MARKET BY APPLICATION

5.1 Vanadium Redox Battery (VRB) Application Introduction
  5.1.1 Large-Scale Energy Storage
  5.1.2 Uninterruptible Power Supply
  5.1.3 Others
5.2 Global Vanadium Redox Battery (VRB) Production by Application
  5.2.1 Global Vanadium Redox Battery (VRB) Production by Application (2019 VS 2023 VS 2030)
  5.2.2 Global Vanadium Redox Battery (VRB) Production by Application (2019-2030)
  5.2.3 Global Vanadium Redox Battery (VRB) Production Market Share by Application (2019-2030)
5.3 Global Vanadium Redox Battery (VRB) Production Value by Application
  5.3.1 Global Vanadium Redox Battery (VRB) Production Value by Application (2019 VS 2023 VS 2030)
  5.3.2 Global Vanadium Redox Battery (VRB) Production Value by Application (2019-2030)
  5.3.3 Global Vanadium Redox Battery (VRB) Production Value Market Share by Application (2019-2030)

6 COMPANY PROFILES

6.1 Sumitomo Electric Industries
  6.1.1 Sumitomo Electric Industries Comapny Information
  6.1.2 Sumitomo Electric Industries Business Overview
  6.1.3 Sumitomo Electric Industries Vanadium Redox Battery (VRB) Production, Value and Gross Margin (2019-2024)
  6.1.4 Sumitomo Electric Industries Vanadium Redox Battery (VRB) Product Portfolio
  6.1.5 Sumitomo Electric Industries Recent Developments
6.2 Rongke Power
  6.2.1 Rongke Power Comapny Information
  6.2.2 Rongke Power Business Overview
  6.2.3 Rongke Power Vanadium Redox Battery (VRB) Production, Value and Gross Margin (2019-2024)
  6.2.4 Rongke Power Vanadium Redox Battery (VRB) Product Portfolio
  6.2.5 Rongke Power Recent Developments
6.3 UniEnergy Technologies
  6.3.1 UniEnergy Technologies Comapny Information
  6.3.2 UniEnergy Technologies Business Overview
  6.3.3 UniEnergy Technologies Vanadium Redox Battery (VRB) Production, Value and Gross Margin (2019-2024)
  6.3.4 UniEnergy Technologies Vanadium Redox Battery (VRB) Product Portfolio
  6.3.5 UniEnergy Technologies Recent Developments
6.4 redT Energy
  6.4.1 redT Energy Comapny Information
  6.4.2 redT Energy Business Overview
  6.4.3 redT Energy Vanadium Redox Battery (VRB) Production, Value and Gross Margin (2019-2024)
  6.4.4 redT Energy Vanadium Redox Battery (VRB) Product Portfolio
  6.4.5 redT Energy Recent Developments
6.5 Vionx Energy
  6.5.1 Vionx Energy Comapny Information
  6.5.2 Vionx Energy Business Overview
  6.5.3 Vionx Energy Vanadium Redox Battery (VRB) Production, Value and Gross Margin (2019-2024)
  6.5.4 Vionx Energy Vanadium Redox Battery (VRB) Product Portfolio
  6.5.5 Vionx Energy Recent Developments
6.6 Big Pawer
  6.6.1 Big Pawer Comapny Information
  6.6.2 Big Pawer Business Overview
  6.6.3 Big Pawer Vanadium Redox Battery (VRB) Production, Value and Gross Margin (2019-2024)
  6.6.4 Big Pawer Vanadium Redox Battery (VRB) Product Portfolio
  6.6.5 Big Pawer Recent Developments
6.7 Australian Vanadium
  6.7.1 Australian Vanadium Comapny Information
  6.7.2 Australian Vanadium Business Overview
  6.7.3 Australian Vanadium Vanadium Redox Battery (VRB) Production, Value and Gross Margin (2019-2024)
  6.7.4 Australian Vanadium Vanadium Redox Battery (VRB) Product Portfolio
  6.7.5 Australian Vanadium Recent Developments
6.8 Golden Energy Fuel Cell
  6.8.1 Golden Energy Fuel Cell Comapny Information
  6.8.2 Golden Energy Fuel Cell Business Overview
  6.8.3 Golden Energy Fuel Cell Vanadium Redox Battery (VRB) Production, Value and Gross Margin (2019-2024)
  6.8.4 Golden Energy Fuel Cell Vanadium Redox Battery (VRB) Product Portfolio
  6.8.5 Golden Energy Fuel Cell Recent Developments
6.9 H2, Inc.
  6.9.1 H2, Inc. Comapny Information
  6.9.2 H2, Inc. Business Overview
  6.9.3 H2, Inc. Vanadium Redox Battery (VRB) Production, Value and Gross Margin (2019-2024)
  6.9.4 H2, Inc. Vanadium Redox Battery (VRB) Product Portfolio
  6.9.5 H2, Inc. Recent Developments

7 GLOBAL VANADIUM REDOX BATTERY (VRB) PRODUCTION BY REGION

7.1 Global Vanadium Redox Battery (VRB) Production by Region: 2019 VS 2023 VS 2030
7.2 Global Vanadium Redox Battery (VRB) Production by Region (2019-2030)
  7.2.1 Global Vanadium Redox Battery (VRB) Production by Region: 2019-2024
  7.2.2 Global Vanadium Redox Battery (VRB) Production by Region (2025-2030)
7.3 Global Vanadium Redox Battery (VRB) Production by Region: 2019 VS 2023 VS 2030
7.4 Global Vanadium Redox Battery (VRB) Production Value by Region (2019-2030)
  7.4.1 Global Vanadium Redox Battery (VRB) Production Value by Region: 2019-2024
  7.4.2 Global Vanadium Redox Battery (VRB) Production Value by Region (2025-2030)
7.5 Global Vanadium Redox Battery (VRB) Market Price Analysis by Region (2019-2024)
7.6 Regional Production Value Trends (2019-2030)
  7.6.1 North America Vanadium Redox Battery (VRB) Production Value (2019-2030)
  7.6.2 Europe Vanadium Redox Battery (VRB) Production Value (2019-2030)
  7.6.3 Asia-Pacific Vanadium Redox Battery (VRB) Production Value (2019-2030)
  7.6.4 Latin America Vanadium Redox Battery (VRB) Production Value (2019-2030)
  7.6.5 Middle East & Africa Vanadium Redox Battery (VRB) Production Value (2019-2030)

8 GLOBAL VANADIUM REDOX BATTERY (VRB) CONSUMPTION BY REGION

8.1 Global Vanadium Redox Battery (VRB) Consumption by Region: 2019 VS 2023 VS 2030
8.2 Global Vanadium Redox Battery (VRB) Consumption by Region (2019-2030)
  8.2.1 Global Vanadium Redox Battery (VRB) Consumption by Region (2019-2024)
  8.2.2 Global Vanadium Redox Battery (VRB) Consumption by Region (2025-2030)
8.3 North America
  8.3.1 North America Vanadium Redox Battery (VRB) Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
  8.3.2 North America Vanadium Redox Battery (VRB) Consumption by Country (2019-2030)
  8.3.3 U.S.
  8.3.4 Canada
8.4 Europe
  8.4.1 Europe Vanadium Redox Battery (VRB) Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
  8.4.2 Europe Vanadium Redox Battery (VRB) Consumption by Country (2019-2030)
  8.4.3 Germany
  8.4.4 France
  8.4.5 U.K.
  8.4.6 Italy
  8.4.7 Netherlands
8.5 Asia Pacific
  8.5.1 Asia Pacific Vanadium Redox Battery (VRB) Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
  8.5.2 Asia Pacific Vanadium Redox Battery (VRB) Consumption by Country (2019-2030)
  8.5.3 China
  8.5.4 Japan
  8.5.5 South Korea
  8.5.6 Southeast Asia
  8.5.7 India
  8.5.8 Australia
8.6 LAMEA
  8.6.1 LAMEA Vanadium Redox Battery (VRB) Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
  8.6.2 LAMEA Vanadium Redox Battery (VRB) Consumption by Country (2019-2030)
  8.6.3 Mexico
  8.6.4 Brazil
  8.6.5 Turkey
  8.6.6 GCC Countries

9 VALUE CHAIN AND SALES CHANNELS ANALYSIS

9.1 Vanadium Redox Battery (VRB) Value Chain Analysis
  9.1.1 Vanadium Redox Battery (VRB) Key Raw Materials
  9.1.2 Raw Materials Key Suppliers
  9.1.3 Manufacturing Cost Structure
  9.1.4 Vanadium Redox Battery (VRB) Production Mode & Process
9.2 Vanadium Redox Battery (VRB) Sales Channels Analysis
  9.2.1 Direct Comparison with Distribution Share
  9.2.2 Vanadium Redox Battery (VRB) Distributors
  9.2.3 Vanadium Redox Battery (VRB) Customers

10 CONCLUDING INSIGHTS

11 APPENDIX

11.1 Reasons for Doing This Study
11.2 Research Methodology
11.3 Research Process
11.4 Authors List of This Report
11.5 Data Source
  11.5.1 Secondary Sources
  11.5.2 Primary Sources
11.6 Disclaimer


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