This report studies the global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) market status and forecast, categorizes the global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, India, Southeast Asia and other regions (Central & South America, and Middle East & Africa).
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%.
The global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) market is valued at 320 million US$ in 2017 and will reach 4250 million US$ by the end of 2025, growing at a CAGR of 38.3% during 2018-2025.
The major manufacturers covered in this report
Sumitomo Electric Industries
Golden Energy Fuel Cell
Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, covering
Other regions (Central & South America, Middle East & Africa)
We can also provide the customized separate regional or country-level reports, for the following regions:
Rest of Asia-Pacific
Rest of Europe
Central & South America
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
Carbon Paper Electrode
Graphite Felt Electrode
By Application, the market can be split into
Large-Scale Energy Storage
Uninterruptible Power Supply
The study objectives of this report are:
To analyze and study the global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) capacity, production, value, consumption, status (2013-2017) and forecast (2018-2025);
Focuses on the key Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) manufacturers, to study the capacity, production, value, market share and development plans in future.
Focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
To define, describe and forecast the market by type, application and region.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends and factors driving or inhibiting the market growth.
To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
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.
In this study, the years considered to estimate the market size of Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) are as follows:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2025
For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Manufacturers
Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Distributors/Traders/Wholesalers
Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Subcomponent Manufacturers
With the given market data, QYResearch offers customizations according to the company's specific needs. The following customization options are available for the report:
Regional and country-level analysis of the Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) market, by end-use.
Detailed analysis and profiles of additional market players.