Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Market: Demand and Growth Analysis to 2025


Researchmoz added Most up-to-date research on "Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Market: Demand and Growth Analysis to 2025" to its huge collection of research reports.

This report presents the worldwide Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

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 vanadiums 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.
The global average price of Vanadium Redox Battery (VRB) is in the decreasing trend, from 4505 USD/KW in 2012 to 1916 USD/KW in 2016. With the situation of global economy, prices will be in decreasing trend in the following five years.

The classification of Vanadium Redox Battery (VRB) includes Carbon Paper Electrode and Graphite Felt Electrode, and the proportion of Graphite Felt Electrode in 2016 is about 55%, and the proportion is in increasing trend from 2012 to 2016.
Vanadium Redox Battery (VRB) is widely used for Large-Scale Energy Storage, Uninterruptible Power Supply and other field. The most proportion of Vanadium Redox Battery (VRB) is Large-Scale Energy Storage, and the proportion in 2016 is 52%.


The Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) market was valued at 320 Million US$ in 2017 and is projected to reach 4250 Million US$ by 2025, at a CAGR of 38.3% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries).

The following manufacturers are covered in this report:
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) (All-Vanadium Redox Flow Batteries) Breakdown Data by Type
CarbonPaperElectrode
Graphite Felt Electrode
Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Breakdown Data by Application
Large-ScaleEnergyStorage
UninterruptiblePowerSupply
Others

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Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Production by Region
United States
Europe
China
Japan
Other Regions

Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa

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