Vanadium Redox Battery (VRB) Market - Global Outlook and Forecast 2022-2028
Report Code: KNJ1139624 No. of Pages: 71 Category: Energy
Publisher: Date of Publish:
Publisher: Date of Publish:
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.
This report contains market size and forecasts of Vanadium Redox Battery (VRB) in global, including the following market information:
Global Vanadium Redox Battery (VRB) Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Vanadium Redox Battery (VRB) Market Sales, 2017-2022, 2023-2028, (MW)
Global top five Vanadium Redox Battery (VRB) companies in 2021 (%)
The global Vanadium Redox Battery (VRB) market was valued at 1258 million in 2021 and is projected to reach US$ 11190 million by 2028, at a CAGR of 36.7% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Carbon Paper Electrode Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Vanadium Redox Battery (VRB) include Sumitomo Electric Industries, Rongke Power, UniEnergy Technologies, redT Energy, Vionx Energy, Big Pawer, Australian Vanadium, Golden Energy Fuel Cell and H2, Inc.. etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Vanadium Redox Battery (VRB) manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Vanadium Redox Battery (VRB) Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (MW)
Global Vanadium Redox Battery (VRB) Market Segment Percentages, by Type, 2021 (%)
Carbon Paper Electrode
Graphite Felt Electrode
Global Vanadium Redox Battery (VRB) Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (MW)
Global Vanadium Redox Battery (VRB) Market Segment Percentages, by Application, 2021 (%)
Large-Scale Energy Storage
Uninterruptible Power Supply
Others
Global Vanadium Redox Battery (VRB) Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (MW)
Global Vanadium Redox Battery (VRB) Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Vanadium Redox Battery (VRB) revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Vanadium Redox Battery (VRB) revenues share in global market, 2021 (%)
Key companies Vanadium Redox Battery (VRB) sales in global market, 2017-2022 (Estimated), (MW)
Key companies Vanadium Redox Battery (VRB) sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Sumitomo Electric Industries
Rongke Power
UniEnergy Technologies
redT Energy
Vionx Energy
Big Pawer
Australian Vanadium
Golden Energy Fuel Cell
H2, Inc.
1 Introduction to Research & Analysis Reports
1.1 Vanadium Redox Battery (VRB) Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Vanadium Redox Battery (VRB) Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Vanadium Redox Battery (VRB) Overall Market Size
2.1 Global Vanadium Redox Battery (VRB) Market Size: 2021 VS 2028
2.2 Global Vanadium Redox Battery (VRB) Revenue, Prospects & Forecasts: 2017-2028
2.3 Global Vanadium Redox Battery (VRB) Sales: 2017-2028
3 Company Landscape
3.1 Top Vanadium Redox Battery (VRB) Players in Global Market
3.2 Top Global Vanadium Redox Battery (VRB) Companies Ranked by Revenue
3.3 Global Vanadium Redox Battery (VRB) Revenue by Companies
3.4 Global Vanadium Redox Battery (VRB) Sales by Companies
3.5 Global Vanadium Redox Battery (VRB) Price by Manufacturer (2017-2022)
3.6 Top 3 and Top 5 Vanadium Redox Battery (VRB) Companies in Global Market, by Revenue in 2021
3.7 Global Manufacturers Vanadium Redox Battery (VRB) Product Type
3.8 Tier 1, Tier 2 and Tier 3 Vanadium Redox Battery (VRB) Players in Global Market
3.8.1 List of Global Tier 1 Vanadium Redox Battery (VRB) Companies
3.8.2 List of Global Tier 2 and Tier 3 Vanadium Redox Battery (VRB) Companies
4 Sights by Product
4.1 Overview
4.1.1 By Type - Global Vanadium Redox Battery (VRB) Market Size Markets, 2021 & 2028
4.1.2 Carbon Paper Electrode
4.1.3 Graphite Felt Electrode
4.2 By Type - Global Vanadium Redox Battery (VRB) Revenue & Forecasts
4.2.1 By Type - Global Vanadium Redox Battery (VRB) Revenue, 2017-2022
4.2.2 By Type - Global Vanadium Redox Battery (VRB) Revenue, 2023-2028
4.2.3 By Type - Global Vanadium Redox Battery (VRB) Revenue Market Share, 2017-2028
4.3 By Type - Global Vanadium Redox Battery (VRB) Sales & Forecasts
4.3.1 By Type - Global Vanadium Redox Battery (VRB) Sales, 2017-2022
4.3.2 By Type - Global Vanadium Redox Battery (VRB) Sales, 2023-2028
4.3.3 By Type - Global Vanadium Redox Battery (VRB) Sales Market Share, 2017-2028
4.4 By Type - Global Vanadium Redox Battery (VRB) Price (Manufacturers Selling Prices), 2017-2028
5 Sights By Application
5.1 Overview
5.1.1 By Application - Global Vanadium Redox Battery (VRB) Market Size, 2021 & 2028
5.1.2 Large-Scale Energy Storage
5.1.3 Uninterruptible Power Supply
5.1.4 Others
5.2 By Application - Global Vanadium Redox Battery (VRB) Revenue & Forecasts
5.2.1 By Application - Global Vanadium Redox Battery (VRB) Revenue, 2017-2022
5.2.2 By Application - Global Vanadium Redox Battery (VRB) Revenue, 2023-2028
5.2.3 By Application - Global Vanadium Redox Battery (VRB) Revenue Market Share, 2017-2028
5.3 By Application - Global Vanadium Redox Battery (VRB) Sales & Forecasts
5.3.1 By Application - Global Vanadium Redox Battery (VRB) Sales, 2017-2022
5.3.2 By Application - Global Vanadium Redox Battery (VRB) Sales, 2023-2028
5.3.3 By Application - Global Vanadium Redox Battery (VRB) Sales Market Share, 2017-2028
5.4 By Application - Global Vanadium Redox Battery (VRB) Price (Manufacturers Selling Prices), 2017-2028
6 Sights by Region
6.1 By Region - Global Vanadium Redox Battery (VRB) Market Size, 2021 & 2028
6.2 By Region - Global Vanadium Redox Battery (VRB) Revenue & Forecasts
6.2.1 By Region - Global Vanadium Redox Battery (VRB) Revenue, 2017-2022
6.2.2 By Region - Global Vanadium Redox Battery (VRB) Revenue, 2023-2028
6.2.3 By Region - Global Vanadium Redox Battery (VRB) Revenue Market Share, 2017-2028
6.3 By Region - Global Vanadium Redox Battery (VRB) Sales & Forecasts
6.3.1 By Region - Global Vanadium Redox Battery (VRB) Sales, 2017-2022
6.3.2 By Region - Global Vanadium Redox Battery (VRB) Sales, 2023-2028
6.3.3 By Region - Global Vanadium Redox Battery (VRB) Sales Market Share, 2017-2028
6.4 North America
6.4.1 By Country - North America Vanadium Redox Battery (VRB) Revenue, 2017-2028
6.4.2 By Country - North America Vanadium Redox Battery (VRB) Sales, 2017-2028
6.4.3 US Vanadium Redox Battery (VRB) Market Size, 2017-2028
6.4.4 Canada Vanadium Redox Battery (VRB) Market Size, 2017-2028
6.4.5 Mexico Vanadium Redox Battery (VRB) Market Size, 2017-2028
6.5 Europe
6.5.1 By Country - Europe Vanadium Redox Battery (VRB) Revenue, 2017-2028
6.5.2 By Country - Europe Vanadium Redox Battery (VRB) Sales, 2017-2028
6.5.3 Germany Vanadium Redox Battery (VRB) Market Size, 2017-2028
6.5.4 France Vanadium Redox Battery (VRB) Market Size, 2017-2028
6.5.5 U.K. Vanadium Redox Battery (VRB) Market Size, 2017-2028
6.5.6 Italy Vanadium Redox Battery (VRB) Market Size, 2017-2028
6.5.7 Russia Vanadium Redox Battery (VRB) Market Size, 2017-2028
6.5.8 Nordic Countries Vanadium Redox Battery (VRB) Market Size, 2017-2028
6.5.9 Benelux Vanadium Redox Battery (VRB) Market Size, 2017-2028
6.6 Asia
6.6.1 By Region - Asia Vanadium Redox Battery (VRB) Revenue, 2017-2028
6.6.2 By Region - Asia Vanadium Redox Battery (VRB) Sales, 2017-2028
6.6.3 China Vanadium Redox Battery (VRB) Market Size, 2017-2028
6.6.4 Japan Vanadium Redox Battery (VRB) Market Size, 2017-2028
6.6.5 South Korea Vanadium Redox Battery (VRB) Market Size, 2017-2028
6.6.6 Southeast Asia Vanadium Redox Battery (VRB) Market Size, 2017-2028
6.6.7 India Vanadium Redox Battery (VRB) Market Size, 2017-2028
6.7 South America
6.7.1 By Country - South America Vanadium Redox Battery (VRB) Revenue, 2017-2028
6.7.2 By Country - South America Vanadium Redox Battery (VRB) Sales, 2017-2028
6.7.3 Brazil Vanadium Redox Battery (VRB) Market Size, 2017-2028
6.7.4 Argentina Vanadium Redox Battery (VRB) Market Size, 2017-2028
6.8 Middle East & Africa
6.8.1 By Country - Middle East & Africa Vanadium Redox Battery (VRB) Revenue, 2017-2028
6.8.2 By Country - Middle East & Africa Vanadium Redox Battery (VRB) Sales, 2017-2028
6.8.3 Turkey Vanadium Redox Battery (VRB) Market Size, 2017-2028
6.8.4 Israel Vanadium Redox Battery (VRB) Market Size, 2017-2028
6.8.5 Saudi Arabia Vanadium Redox Battery (VRB) Market Size, 2017-2028
6.8.6 UAE Vanadium Redox Battery (VRB) Market Size, 2017-2028
7 Manufacturers & Brands Profiles
7.1 Sumitomo Electric Industries
7.1.1 Sumitomo Electric Industries Corporate Summary
7.1.2 Sumitomo Electric Industries Business Overview
7.1.3 Sumitomo Electric Industries Vanadium Redox Battery (VRB) Major Product Offerings
7.1.4 Sumitomo Electric Industries Vanadium Redox Battery (VRB) Sales and Revenue in Global (2017-2022)
7.1.5 Sumitomo Electric Industries Key News
7.2 Rongke Power
7.2.1 Rongke Power Corporate Summary
7.2.2 Rongke Power Business Overview
7.2.3 Rongke Power Vanadium Redox Battery (VRB) Major Product Offerings
7.2.4 Rongke Power Vanadium Redox Battery (VRB) Sales and Revenue in Global (2017-2022)
7.2.5 Rongke Power Key News
7.3 UniEnergy Technologies
7.3.1 UniEnergy Technologies Corporate Summary
7.3.2 UniEnergy Technologies Business Overview
7.3.3 UniEnergy Technologies Vanadium Redox Battery (VRB) Major Product Offerings
7.3.4 UniEnergy Technologies Vanadium Redox Battery (VRB) Sales and Revenue in Global (2017-2022)
7.3.5 UniEnergy Technologies Key News
7.4 redT Energy
7.4.1 redT Energy Corporate Summary
7.4.2 redT Energy Business Overview
7.4.3 redT Energy Vanadium Redox Battery (VRB) Major Product Offerings
7.4.4 redT Energy Vanadium Redox Battery (VRB) Sales and Revenue in Global (2017-2022)
7.4.5 redT Energy Key News
7.5 Vionx Energy
7.5.1 Vionx Energy Corporate Summary
7.5.2 Vionx Energy Business Overview
7.5.3 Vionx Energy Vanadium Redox Battery (VRB) Major Product Offerings
7.5.4 Vionx Energy Vanadium Redox Battery (VRB) Sales and Revenue in Global (2017-2022)
7.5.5 Vionx Energy Key News
7.6 Big Pawer
7.6.1 Big Pawer Corporate Summary
7.6.2 Big Pawer Business Overview
7.6.3 Big Pawer Vanadium Redox Battery (VRB) Major Product Offerings
7.6.4 Big Pawer Vanadium Redox Battery (VRB) Sales and Revenue in Global (2017-2022)
7.6.5 Big Pawer Key News
7.7 Australian Vanadium
7.7.1 Australian Vanadium Corporate Summary
7.7.2 Australian Vanadium Business Overview
7.7.3 Australian Vanadium Vanadium Redox Battery (VRB) Major Product Offerings
7.7.4 Australian Vanadium Vanadium Redox Battery (VRB) Sales and Revenue in Global (2017-2022)
7.7.5 Australian Vanadium Key News
7.8 Golden Energy Fuel Cell
7.8.1 Golden Energy Fuel Cell Corporate Summary
7.8.2 Golden Energy Fuel Cell Business Overview
7.8.3 Golden Energy Fuel Cell Vanadium Redox Battery (VRB) Major Product Offerings
7.8.4 Golden Energy Fuel Cell Vanadium Redox Battery (VRB) Sales and Revenue in Global (2017-2022)
7.8.5 Golden Energy Fuel Cell Key News
7.9 H2, Inc.
7.9.1 H2, Inc. Corporate Summary
7.9.2 H2, Inc. Business Overview
7.9.3 H2, Inc. Vanadium Redox Battery (VRB) Major Product Offerings
7.9.4 H2, Inc. Vanadium Redox Battery (VRB) Sales and Revenue in Global (2017-2022)
7.9.5 H2, Inc. Key News
8 Global Vanadium Redox Battery (VRB) Production Capacity, Analysis
8.1 Global Vanadium Redox Battery (VRB) Production Capacity, 2017-2028
8.2 Vanadium Redox Battery (VRB) Production Capacity of Key Manufacturers in Global Market
8.3 Global Vanadium Redox Battery (VRB) Production by Region
9 Key Market Trends, Opportunity, Drivers and Restraints
9.1 Market Opportunities & Trends
9.2 Market Drivers
9.3 Market Restraints
10 Vanadium Redox Battery (VRB) Supply Chain Analysis
10.1 Vanadium Redox Battery (VRB) Industry Value Chain
10.2 Vanadium Redox Battery (VRB) Upstream Market
10.3 Vanadium Redox Battery (VRB) Downstream and Clients
10.4 Marketing Channels Analysis
10.4.1 Marketing Channels
10.4.2 Vanadium Redox Battery (VRB) Distributors and Sales Agents in Global
11 Conclusion
12 Appendix
12.1 Note
12.2 Examples of Clients
12.3 Disclaimer
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