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Vanadium Redox Battery (VRB) Industry Research Report 2024

April 2024 | 116 pages | ID: V3AE1BCE2784EN
APO Research

US$ 2,950.00

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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 was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of xx% during the forecast period 2024-2030.

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%.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Vanadium Redox Battery (VRB), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Vanadium Redox Battery (VRB).

The report will help the Vanadium Redox Battery (VRB) manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

The Vanadium Redox Battery (VRB) market size, estimations, and forecasts are provided in terms of sales volume (MW) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Vanadium Redox Battery (VRB) market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2019-2024. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include:
  • 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
Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

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: Research objectives, research methods, data sources, data cross-validation;

Chapter 2: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 3: Detailed analysis of Vanadium Redox Battery (VRB) manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: 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 5: Production/output, value of Vanadium Redox Battery (VRB) by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.

Chapter 6: 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 7: 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 8: 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 9: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 10: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 11: The main points and conclusions of the report.

Chapter 11: The main points and conclusions of the report.
1 PREFACE

1.1 Scope of Report
1.2 Reasons for Doing This Study
1.3 Research Methodology
1.4 Research Process
1.5 Data Source
  1.5.1 Secondary Sources
  1.5.2 Primary Sources

2 MARKET OVERVIEW

2.1 Product Definition
2.2 Vanadium Redox Battery (VRB) by Type
  2.2.1 Market Value Comparison by Type (2019 VS 2023 VS 2030) & (US$ Million)
  2.2.2 Carbon Paper Electrode
  2.2.3 Graphite Felt Electrode
2.3 Vanadium Redox Battery (VRB) by Application
  2.3.1 Market Value Comparison by Application (2019 VS 2023 VS 2030) & (US$ Million)
  2.3.2 Large-Scale Energy Storage
  2.3.3 Uninterruptible Power Supply
  2.3.4 Others
2.4 Global Market Growth Prospects
  2.4.1 Global Vanadium Redox Battery (VRB) Production Value Estimates and Forecasts (2019-2030)
  2.4.2 Global Vanadium Redox Battery (VRB) Production Capacity Estimates and Forecasts (2019-2030)
  2.4.3 Global Vanadium Redox Battery (VRB) Production Estimates and Forecasts (2019-2030)
  2.4.4 Global Vanadium Redox Battery (VRB) Market Average Price (2019-2030)

3 MARKET COMPETITIVE LANDSCAPE BY MANUFACTURERS

3.1 Global Vanadium Redox Battery (VRB) Production by Manufacturers (2019-2024)
3.2 Global Vanadium Redox Battery (VRB) Production Value 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, Date of Enter into This Industry
3.8 Global Vanadium Redox Battery (VRB) Market CR5 and HHI
3.9 Global Manufacturers Mergers & Acquisition

4 MANUFACTURERS PROFILED

4.1 Sumitomo Electric Industries
  4.1.1 Sumitomo Electric Industries Vanadium Redox Battery (VRB) Company Information
  4.1.2 Sumitomo Electric Industries Vanadium Redox Battery (VRB) Business Overview
  4.1.3 Sumitomo Electric Industries Vanadium Redox Battery (VRB) Production, Value and Gross Margin (2019-2024)
  4.1.4 Sumitomo Electric Industries Product Portfolio
  4.1.5 Sumitomo Electric Industries Recent Developments
4.2 Rongke Power
  4.2.1 Rongke Power Vanadium Redox Battery (VRB) Company Information
  4.2.2 Rongke Power Vanadium Redox Battery (VRB) Business Overview
  4.2.3 Rongke Power Vanadium Redox Battery (VRB) Production, Value and Gross Margin (2019-2024)
  4.2.4 Rongke Power Product Portfolio
  4.2.5 Rongke Power Recent Developments
4.3 UniEnergy Technologies
  4.3.1 UniEnergy Technologies Vanadium Redox Battery (VRB) Company Information
  4.3.2 UniEnergy Technologies Vanadium Redox Battery (VRB) Business Overview
  4.3.3 UniEnergy Technologies Vanadium Redox Battery (VRB) Production, Value and Gross Margin (2019-2024)
  4.3.4 UniEnergy Technologies Product Portfolio
  4.3.5 UniEnergy Technologies Recent Developments
4.4 redT Energy
  4.4.1 redT Energy Vanadium Redox Battery (VRB) Company Information
  4.4.2 redT Energy Vanadium Redox Battery (VRB) Business Overview
  4.4.3 redT Energy Vanadium Redox Battery (VRB) Production, Value and Gross Margin (2019-2024)
  4.4.4 redT Energy Product Portfolio
  4.4.5 redT Energy Recent Developments
4.5 Vionx Energy
  4.5.1 Vionx Energy Vanadium Redox Battery (VRB) Company Information
  4.5.2 Vionx Energy Vanadium Redox Battery (VRB) Business Overview
  4.5.3 Vionx Energy Vanadium Redox Battery (VRB) Production, Value and Gross Margin (2019-2024)
  4.5.4 Vionx Energy Product Portfolio
  4.5.5 Vionx Energy Recent Developments
4.6 Big Pawer
  4.6.1 Big Pawer Vanadium Redox Battery (VRB) Company Information
  4.6.2 Big Pawer Vanadium Redox Battery (VRB) Business Overview
  4.6.3 Big Pawer Vanadium Redox Battery (VRB) Production, Value and Gross Margin (2019-2024)
  4.6.4 Big Pawer Product Portfolio
  4.6.5 Big Pawer Recent Developments
4.7 Australian Vanadium
  4.7.1 Australian Vanadium Vanadium Redox Battery (VRB) Company Information
  4.7.2 Australian Vanadium Vanadium Redox Battery (VRB) Business Overview
  4.7.3 Australian Vanadium Vanadium Redox Battery (VRB) Production, Value and Gross Margin (2019-2024)
  4.7.4 Australian Vanadium Product Portfolio
  4.7.5 Australian Vanadium Recent Developments
4.8 Golden Energy Fuel Cell
  4.8.1 Golden Energy Fuel Cell Vanadium Redox Battery (VRB) Company Information
  4.8.2 Golden Energy Fuel Cell Vanadium Redox Battery (VRB) Business Overview
  4.8.3 Golden Energy Fuel Cell Vanadium Redox Battery (VRB) Production, Value and Gross Margin (2019-2024)
  4.8.4 Golden Energy Fuel Cell Product Portfolio
  4.8.5 Golden Energy Fuel Cell Recent Developments
4.9 H2, Inc.
  4.9.1 H2, Inc. Vanadium Redox Battery (VRB) Company Information
  4.9.2 H2, Inc. Vanadium Redox Battery (VRB) Business Overview
  4.9.3 H2, Inc. Vanadium Redox Battery (VRB) Production, Value and Gross Margin (2019-2024)
  4.9.4 H2, Inc. Product Portfolio
  4.9.5 H2, Inc. Recent Developments

5 GLOBAL VANADIUM REDOX BATTERY (VRB) PRODUCTION BY REGION

5.1 Global Vanadium Redox Battery (VRB) Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
5.2 Global Vanadium Redox Battery (VRB) Production by Region: 2019-2030
  5.2.1 Global Vanadium Redox Battery (VRB) Production by Region: 2019-2024
  5.2.2 Global Vanadium Redox Battery (VRB) Production Forecast by Region (2025-2030)
5.3 Global Vanadium Redox Battery (VRB) Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
5.4 Global Vanadium Redox Battery (VRB) Production Value by Region: 2019-2030
  5.4.1 Global Vanadium Redox Battery (VRB) Production Value by Region: 2019-2024
  5.4.2 Global Vanadium Redox Battery (VRB) Production Value Forecast by Region (2025-2030)
5.5 Global Vanadium Redox Battery (VRB) Market Price Analysis by Region (2019-2024)
5.6 Global Vanadium Redox Battery (VRB) Production and Value, YOY Growth
  5.6.1 North America Vanadium Redox Battery (VRB) Production Value Estimates and Forecasts (2019-2030)
  5.6.2 Europe Vanadium Redox Battery (VRB) Production Value Estimates and Forecasts (2019-2030)
  5.6.3 China Vanadium Redox Battery (VRB) Production Value Estimates and Forecasts (2019-2030)
  5.6.4 Japan Vanadium Redox Battery (VRB) Production Value Estimates and Forecasts (2019-2030)

6 GLOBAL VANADIUM REDOX BATTERY (VRB) CONSUMPTION BY REGION

6.1 Global Vanadium Redox Battery (VRB) Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
6.2 Global Vanadium Redox Battery (VRB) Consumption by Region (2019-2030)
  6.2.1 Global Vanadium Redox Battery (VRB) Consumption by Region: 2019-2030
  6.2.2 Global Vanadium Redox Battery (VRB) Forecasted Consumption by Region (2025-2030)
6.3 North America
  6.3.1 North America Vanadium Redox Battery (VRB) Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
  6.3.2 North America Vanadium Redox Battery (VRB) Consumption by Country (2019-2030)
  6.3.3 U.S.
  6.3.4 Canada
6.4 Europe
  6.4.1 Europe Vanadium Redox Battery (VRB) Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
  6.4.2 Europe Vanadium Redox Battery (VRB) Consumption by Country (2019-2030)
  6.4.3 Germany
  6.4.4 France
  6.4.5 U.K.
  6.4.6 Italy
  6.4.7 Russia
6.5 Asia Pacific
  6.5.1 Asia Pacific Vanadium Redox Battery (VRB) Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
  6.5.2 Asia Pacific Vanadium Redox Battery (VRB) Consumption by Country (2019-2030)
  6.5.3 China
  6.5.4 Japan
  6.5.5 South Korea
  6.5.6 China Taiwan
  6.5.7 Southeast Asia
  6.5.8 India
  6.5.9 Australia
6.6 Latin America, Middle East & Africa
  6.6.1 Latin America, Middle East & Africa Vanadium Redox Battery (VRB) Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
  6.6.2 Latin America, Middle East & Africa Vanadium Redox Battery (VRB) Consumption by Country (2019-2030)
  6.6.3 Mexico
  6.6.4 Brazil
  6.6.5 Turkey
  6.6.5 GCC Countries

7 SEGMENT BY TYPE

7.1 Global Vanadium Redox Battery (VRB) Production by Type (2019-2030)
  7.1.1 Global Vanadium Redox Battery (VRB) Production by Type (2019-2030) & (MW)
  7.1.2 Global Vanadium Redox Battery (VRB) Production Market Share by Type (2019-2030)
7.2 Global Vanadium Redox Battery (VRB) Production Value by Type (2019-2030)
  7.2.1 Global Vanadium Redox Battery (VRB) Production Value by Type (2019-2030) & (US$ Million)
  7.2.2 Global Vanadium Redox Battery (VRB) Production Value Market Share by Type (2019-2030)
7.3 Global Vanadium Redox Battery (VRB) Price by Type (2019-2030)

8 SEGMENT BY APPLICATION

8.1 Global Vanadium Redox Battery (VRB) Production by Application (2019-2030)
  8.1.1 Global Vanadium Redox Battery (VRB) Production by Application (2019-2030) & (MW)
  8.1.2 Global Vanadium Redox Battery (VRB) Production by Application (2019-2030) & (MW)
8.2 Global Vanadium Redox Battery (VRB) Production Value by Application (2019-2030)
  8.2.1 Global Vanadium Redox Battery (VRB) Production Value by Application (2019-2030) & (US$ Million)
  8.2.2 Global Vanadium Redox Battery (VRB) Production Value Market Share by Application (2019-2030)
8.3 Global Vanadium Redox Battery (VRB) Price by Application (2019-2030)

9 VALUE CHAIN AND SALES CHANNELS ANALYSIS OF THE MARKET

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 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 GLOBAL VANADIUM REDOX BATTERY (VRB) ANALYZING MARKET DYNAMICS

10.1 Vanadium Redox Battery (VRB) Industry Trends
10.2 Vanadium Redox Battery (VRB) Industry Drivers
10.3 Vanadium Redox Battery (VRB) Industry Opportunities and Challenges
10.4 Vanadium Redox Battery (VRB) Industry Restraints

11 REPORT CONCLUSION

12 DISCLAIMER



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