Report Detail
Global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Market Growth 2019-2024
- RnM3064817 |
- 06 March, 2019 |
- Global |
- 137 Pages |
- LPI(LP Information) |
- Energy & Power
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.
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%.
According to this study, over the next five years the Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) market will register a 43.7% CAGR in terms of revenue, the global market size will reach US$ 2800 million by 2024, from US$ 320 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) market by product type, application, key manufacturers and key regions and countries.
This study considers the Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Carbon Paper Electrode
Graphite Felt Electrode
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Large-Scale Energy Storage
Uninterruptible Power Supply
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Sumitomo Electric Industries
Rongke Power
UniEnergy Technologies
redT Energy
Vionx Energy
Big Pawer
Australian Vanadium
Golden Energy Fuel Cell
H2, Inc.
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) market by identifying its various subsegments.
Focuses on the key global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Table of Contents
2019-2024 Global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Consumption Market Report
1 Scope of the Report
- 1.1 Market Introduction
- 1.2 Research Objectives
- 1.3 Years Considered
- 1.4 Market Research Methodology
- 1.5 Economic Indicators
- 1.6 Currency Considered
2 Executive Summary
- 2.1 World Market Overview
- 2.1.1 Global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Consumption 2014-2024
- 2.1.2 Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Consumption CAGR by Region
- 2.2 Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Segment by Type
- 2.2.1 Carbon Paper Electrode
- 2.2.2 Graphite Felt Electrode
- 2.3 Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Consumption by Type
- 2.3.1 Global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Consumption Market Share by Type (2014-2019)
- 2.3.2 Global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Revenue and Market Share by Type (2014-2019)
- 2.3.3 Global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Sale Price by Type (2014-2019)
- 2.4 Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Segment by Application
- 2.4.1 Large-Scale Energy Storage
- 2.4.2 Uninterruptible Power Supply
- 2.4.3 Others
- 2.5 Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Consumption by Application
- 2.5.1 Global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Consumption Market Share by Application (2014-2019)
- 2.5.2 Global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Value and Market Share by Application (2014-2019)
- 2.5.3 Global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Sale Price by Application (2014-2019)
3 Global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) by Players
- 3.1 Global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Sales Market Share by Players
- 3.1.1 Global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Sales by Players (2017-2019)
- 3.1.2 Global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Sales Market Share by Players (2017-2019)
- 3.2 Global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Revenue Market Share by Players
- 3.2.1 Global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Revenue by Players (2017-2019)
- 3.2.2 Global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Revenue Market Share by Players (2017-2019)
- 3.3 Global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Sale Price by Players
- 3.4 Global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Manufacturing Base Distribution, Sales Area, Product Types by Players
- 3.4.1 Global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Manufacturing Base Distribution and Sales Area by Players
- 3.4.2 Players Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Products Offered
- 3.5 Market Concentration Rate Analysis
- 3.5.1 Competition Landscape Analysis
- 3.5.2 Concentration Ratio (CR3, CR5 and CR10) (2017-2019)
- 3.6 New Products and Potential Entrants
- 3.7 Mergers & Acquisitions, Expansion
4 Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) by Regions
- 4.1 Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) by Regions
- 4.1.1 Global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Consumption by Regions
- 4.1.2 Global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Value by Regions
- 4.2 Americas Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Consumption Growth
- 4.3 APAC Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Consumption Growth
- 4.4 Europe Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Consumption Growth
- 4.5 Middle East & Africa Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Consumption Growth
5 Americas
- 5.1 Americas Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Consumption by Countries
- 5.1.1 Americas Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Consumption by Countries (2014-2019)
- 5.1.2 Americas Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Value by Countries (2014-2019)
- 5.2 Americas Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Consumption by Type
- 5.3 Americas Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Consumption by Application
- 5.4 United States
- 5.5 Canada
- 5.6 Mexico
- 5.7 Key Economic Indicators of Few Americas Countries
6 APAC
- 6.1 APAC Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Consumption by Countries
- 6.1.1 APAC Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Consumption by Countries (2014-2019)
- 6.1.2 APAC Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Value by Countries (2014-2019)
- 6.2 APAC Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Consumption by Type
- 6.3 APAC Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Consumption by Application
- 6.4 China
- 6.5 Japan
- 6.6 Korea
- 6.7 Southeast Asia
- 6.8 India
- 6.9 Australia
- 6.10 Key Economic Indicators of Few APAC Countries
7 Europe
- 7.1 Europe Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) by Countries
- 7.1.1 Europe Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Consumption by Countries (2014-2019)
- 7.1.2 Europe Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Value by Countries (2014-2019)
- 7.2 Europe Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Consumption by Type
- 7.3 Europe Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Consumption by Application
- 7.4 Germany
- 7.5 France
- 7.6 UK
- 7.7 Italy
- 7.8 Russia
- 7.9 Spain
- 7.10 Key Economic Indicators of Few Europe Countries
8 Middle East & Africa
- 8.1 Middle East & Africa Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) by Countries
- 8.1.1 Middle East & Africa Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Consumption by Countries (2014-2019)
- 8.1.2 Middle East & Africa Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Value by Countries (2014-2019)
- 8.2 Middle East & Africa Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Consumption by Type
- 8.3 Middle East & Africa Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Consumption by Application
- 8.4 Egypt
- 8.5 South Africa
- 8.6 Israel
- 8.7 Turkey
- 8.8 GCC Countries
9 Market Drivers, Challenges and Trends
- 9.1 Market Drivers and Impact
- 9.1.1 Growing Demand from Key Regions
- 9.1.2 Growing Demand from Key Applications and Potential Industries
- 9.2 Market Challenges and Impact
- 9.3 Market Trends
10 Marketing, Distributors and Customer
- 10.1 Sales Channel
- 10.1.1 Direct Channels
- 10.1.2 Indirect Channels
- 10.2 Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Distributors
- 10.3 Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Customer
11 Global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Market Forecast
- 11.1 Global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Consumption Forecast (2019-2024)
- 11.2 Global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Forecast by Regions
- 11.2.1 Global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Forecast by Regions (2019-2024)
- 11.2.2 Global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Value Forecast by Regions (2019-2024)
- 11.2.3 Americas Consumption Forecast
- 11.2.4 APAC Consumption Forecast
- 11.2.5 Europe Consumption Forecast
- 11.2.6 Middle East & Africa Consumption Forecast
- 11.3 Americas Forecast by Countries
- 11.3.1 United States Market Forecast
- 11.3.2 Canada Market Forecast
- 11.3.3 Mexico Market Forecast
- 11.3.4 Brazil Market Forecast
- 11.4 APAC Forecast by Countries
- 11.4.1 China Market Forecast
- 11.4.2 Japan Market Forecast
- 11.4.3 Korea Market Forecast
- 11.4.4 Southeast Asia Market Forecast
- 11.4.5 India Market Forecast
- 11.4.6 Australia Market Forecast
- 11.5 Europe Forecast by Countries
- 11.5.1 Germany Market Forecast
- 11.5.2 France Market Forecast
- 11.5.3 UK Market Forecast
- 11.5.4 Italy Market Forecast
- 11.5.5 Russia Market Forecast
- 11.5.6 Spain Market Forecast
- 11.6 Middle East & Africa Forecast by Countries
- 11.6.1 Egypt Market Forecast
- 11.6.2 South Africa Market Forecast
- 11.6.3 Israel Market Forecast
- 11.6.4 Turkey Market Forecast
- 11.6.5 GCC Countries Market Forecast
- 11.7 Global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Forecast by Type
- 11.8 Global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Forecast by Application
12 Key Players Analysis
- 12.1 Sumitomo Electric Industries
- 12.1.1 Company Details
- 12.1.2 Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Product Offered
- 12.1.3 Sumitomo Electric Industries Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.1.4 Main Business Overview
- 12.1.5 Sumitomo Electric Industries News
- 12.2 Rongke Power
- 12.2.1 Company Details
- 12.2.2 Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Product Offered
- 12.2.3 Rongke Power Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.2.4 Main Business Overview
- 12.2.5 Rongke Power News
- 12.3 UniEnergy Technologies
- 12.3.1 Company Details
- 12.3.2 Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Product Offered
- 12.3.3 UniEnergy Technologies Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.3.4 Main Business Overview
- 12.3.5 UniEnergy Technologies News
- 12.4 redT Energy
- 12.4.1 Company Details
- 12.4.2 Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Product Offered
- 12.4.3 redT Energy Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.4.4 Main Business Overview
- 12.4.5 redT Energy News
- 12.5 Vionx Energy
- 12.5.1 Company Details
- 12.5.2 Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Product Offered
- 12.5.3 Vionx Energy Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.5.4 Main Business Overview
- 12.5.5 Vionx Energy News
- 12.6 Big Pawer
- 12.6.1 Company Details
- 12.6.2 Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Product Offered
- 12.6.3 Big Pawer Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.6.4 Main Business Overview
- 12.6.5 Big Pawer News
- 12.7 Australian Vanadium
- 12.7.1 Company Details
- 12.7.2 Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Product Offered
- 12.7.3 Australian Vanadium Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.7.4 Main Business Overview
- 12.7.5 Australian Vanadium News
- 12.8 Golden Energy Fuel Cell
- 12.8.1 Company Details
- 12.8.2 Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Product Offered
- 12.8.3 Golden Energy Fuel Cell Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.8.4 Main Business Overview
- 12.8.5 Golden Energy Fuel Cell News
- 12.9 H2, Inc.
- 12.9.1 Company Details
- 12.9.2 Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Product Offered
- 12.9.3 H2, Inc. Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.9.4 Main Business Overview
- 12.9.5 H2, Inc. News
13 Research Findings and Conclusion
Summary:
Get latest Market Research Reports on Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) . Industry analysis & Market Report on Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) is a syndicated market report, published as Global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.
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