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Vanadium Redox Battery (VRB) Market – By Type (Redox and Hybrid), Electrode Type (Carbon Paper Electrode and Graphite Felt Electrode) and By Application (Utilities, Commercial & Industrial, Military, EV Charging Station, and Others): Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2026

Published Date: 13-Feb-2020 Category: Energy & Mining Report Format : PDF Pages: 110 Report Code: ZMR-5238 Status : Published

The global vanadium redox battery (VRB) market in 2019 is around USD 160 million and is predicted to be valued around USD 2,000 million by 2026. The anticipated CAGR for the vanadium redox battery (VRB) market is nearly 45% from 2020 to 2026.

Description

This professional and specialized report study examines the technical and business perspective of the vanadium redox battery (VRB) industry. The report provides a historical analysis of the industry as well as the projected trends expected to be witnessed in the vanadium redox battery (VRB) market. The report study analyzes the market statistics at the global as well as the regional levels to gain an in-depth perspective of the overall vanadium redox battery (VRB) market. The historical insights are provided from 2016 to 2019 and projected trends are provided from 2020 to 2026. The quantitative data is provided in terms of both volume (Megawatts) and value (USD Million) for 2016 – 2026. The qualitative data is reinforced by analyzing and providing numerous market dynamics (directly or indirectly affecting the industry) such as growth drivers, restraints, challenges, and opportunities.

We have included various industry analysis models in our report and extensively demonstrated the key business strategies and competitive landscape of the vanadium redox battery (VRB) market in our study.

Our study also includes an analysis of Porter’s Five Forces framework for understanding the competitive strategies adopted by various stakeholders involved in the entire value chain of the vanadium redox battery (VRB) market. It also encompasses PESTLE analysis and SWOT analysis.

The report also offers an in-depth analysis of the market shares of each industry player and gives an outline of the market position of key players in the vanadium redox battery (VRB) market. Moreover, the study offers wide coverage of key strategic advances witnessed in the market such as new product launches, acquisitions & mergers, collaborations & joint ventures, funding & VC activities, agreements, partnerships, R&D activities, and regional expansion of key players of the vanadium redox battery (VRB) market.

The research study provides a critical assessment of the vanadium redox battery (VRB) industry by logically segmenting the market on the basis of type, electrode type, application, and regions. Based on the past, present, and future trends, all the segments were analyzed from the bottom up, and the market sizes have been estimated from 2020 to 2026. The regional segmentation of the vanadium redox battery (VRB) industry includes the holistic bifurcation of all the five major continents including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Vanadium redox battery (VRB) is also referred as vanadium redox flow battery (VRFB) or vanadium flow battery (VFB). VRB is an emerging technology in energy storage sector. Normally, pumped hydro storage, thermal storage, and lithium-ion batteries, are extensively used energy storage. However, vanadium redox battery has longer lifespans (up to 25 years) than other types of energy storage systems. Vanadium redox battery delivers power instantly and stores up to hundreds of MW of energy. As vanadium redox batteries are bulkier than lithium ion batteries, these cannot be used in electric vehicles. Carbon paper and graphite felt type electrodes are used in vanadium redox batteries.

In recent years, the energy consumption across the world has increased substantially, due to growing population and growing commercial and industrial sector. This has fueled the demand for large power backup systems, which has been a key factor in driving the market for vanadium redox battery. Moreover, rising investment in renewable energy production, to minimize the dependency on energy created fossil fuels, has fueled the global energy storage, which is anticipated to offer huge opportunities for the global vanadium redox battery market in years to come. However, the low energy-to-volume ratio of vanadium redox batteries compared to other energy storage technologies is an aspect that has restricted the vanadium redox battery adoption for various applications, which has hampered the market growth.

The global vanadium redox battery (VRB) market is segmented into type, electrode type, and application. By type, the global vanadium redox battery (VRB) market is classified into redox and hybrid. By electrode type, the global vanadium redox battery (VRB) market is segmented as carbon paper electrode and graphite felt electrode. By application, the global vanadium redox battery (VRB) market is bifurcated into utilities, commercial & industrial, military, EV charging station, and others.

Some of the essential players operating in the vanadium redox battery (VRB) market, but not restricted to include Gildemeister Energy Solutions, RedT Energy, UniEnergy Technologies, VanadiumCorp Resource, Vionx Energy, Australian Vanadium, Bushveld Energy, Cellennium, Prudent Energy, Redflow, Sparton Resources, Sumitomo Electric Industries,  and others.

The taxonomy of the vanadium redox battery (VRB) industry by its scope and segmentation is as follows:

Global Vanadium Redox Battery (VRB) Market: By Type Segmentation Analysis

  • Redox
  • Hybrid

Global Vanadium Redox Battery (VRB) Market: By Electrode Type Segmentation Analysis

  • Carbon Paper Electrode
  • Graphite Felt Electrode

Global Vanadium Redox Battery (VRB) Market: By Application Segmentation Analysis

  • Utilities
  • Commercial & Industrial
  • Military
  • EV Charging Station
  • Others

Global Vanadium Redox Battery (VRB) Market: Regional Segmentation Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

KEY BUSINESS POINTERS ADDRESSED & FOREMOST REASONS TO PROCURE THE REPORT:

  • Statistical Analysis of the Past, Current, and Future Trends of the Industry with Validated Market Sizes Data
  • Direct and Indirect Rationales Impacting the Industry
  • In-depth and Micro Analysis of Viable Segments and Sub-segments
  • Companies and Vendors Market Share, Competitive Landscape, and Player Positioning Analysis
  • Demand Side (Consumption) and Supply Side (Production) Perspective and Analysis wherever applicable
  • Key Buyers and End-Users Analysis
  • Value Chain and Manufacturing Cost Structure Analysis wherever relevant
  • Key Marketing Strategies as well as Key Sales Channels adopted in the market
  • Investment Opportunity Analysis & Patents Analysis wherever feasible
  • Technological Road Map & Technical Analysis
  • Robust Research Methodology comprising dynamic mix (65%~35%) of Extensive Primary Research (primary interviews, ad-hoc surveys, questionnaires) and Protracted Secondary Research (proprietary in-house database, paid external databases, publically available validated sources)

Table Of Content

  • Chapter 1. Executive Summary
  • Chapter 2. Vanadium Redox Battery (VRB) market – Type Analysis
    • 2.1. Global Vanadium Redox Battery (VRB) Market – Type Overview
    • 2.2. Global Vanadium Redox Battery (VRB) Market Share, by Type, 2019 & 2026 (USD Million)
    • 2.3. Global Vanadium Redox Battery (VRB) Market share, by Type, 2019 & 2026 (Megawatts)
    • 2.4. Redox
      • 2.4.1. Global Redox Vanadium Redox Battery (VRB) Market, 2016-2026 (USD Million)
      • 2.4.2. Global Redox Vanadium Redox Battery (VRB) Market, 2016-2026 (Megawatts)
    • 2.5. Hybrid
      • 2.5.1. Global Hybrid Vanadium Redox Battery (VRB) Market, 2016-2026 (USD Million)
      • 2.5.2. Global Hybrid Vanadium Redox Battery (VRB) Market, 2016-2026 (Megawatts)
  • Chapter 3. Vanadium Redox Battery (VRB) market – Electrode Type Analysis
    • 3.1. Global Vanadium Redox Battery (VRB) Market – Electrode Type Overview
    • 3.2. Global Vanadium Redox Battery (VRB) Market Share, by Electrode Type, 2019 & 2026 (USD Million)
    • 3.3. Global Vanadium Redox Battery (VRB) Market share, by Electrode Type, 2019 & 2026 (Megawatts)
    • 3.4. Carbon Paper Electrode
      • 3.4.1. Global Carbon Paper Electrode Vanadium Redox Battery (VRB) Market, 2016-2026 (USD Million)
      • 3.4.2. Global Carbon Paper Electrode Vanadium Redox Battery (VRB) Market, 2016-2026 (Megawatts)
    • 3.5. Graphite Felt Electrode
      • 3.5.1. Global Graphite Felt Electrode Vanadium Redox Battery (VRB) Market, 2016-2026 (USD Million)
      • 3.5.2. Global Graphite Felt Electrode Vanadium Redox Battery (VRB) Market, 2016-2026 (Megawatts)
  • Chapter 4. Vanadium Redox Battery (VRB) market – Applications Analysis
    • 4.1. Global Vanadium Redox Battery (VRB) Market – Applications Overview
    • 4.2. Global Vanadium Redox Battery (VRB) Market Share, by Applications, 2019 & 2026 (USD Million)
    • 4.3. Global Vanadium Redox Battery (VRB) Market share, by Applications, 2019 & 2026 (Megawatts)
    • 4.4. Utilities
      • 4.4.1. Global Utilities Vanadium Redox Battery (VRB) Market, 2016-2026 (USD Million)
      • 4.4.2. Global Utilities Vanadium Redox Battery (VRB) Market, 2016-2026 (Megawatts)
    • 4.5. Commercial & Industrial
      • 4.5.1. Global Commercial & Industrial Vanadium Redox Battery (VRB) Market, 2016-2026 (USD Million)
      • 4.5.2. Global Commercial & Industrial Vanadium Redox Battery (VRB) Market, 2016-2026 (Megawatts)
    • 4.6. Military
      • 4.6.1. Global Military Vanadium Redox Battery (VRB) Market, 2016-2026 (USD Million)
      • 4.6.2. Global Military Vanadium Redox Battery (VRB) Market, 2016-2026 (Megawatts)
    • 4.7. EV Charging Station
      • 4.7.1. Global EV Charging Station Vanadium Redox Battery (VRB) Market, 2016-2026 (USD Million)
      • 4.7.2. Global EV Charging Station Vanadium Redox Battery (VRB) Market, 2016-2026 (Megawatts)
    • 4.8. Others
      • 4.8.1. Global Others Vanadium Redox Battery (VRB) Market, 2016-2026 (USD Million)
      • 4.8.2. Global Others Vanadium Redox Battery (VRB) Market, 2016-2026 (Megawatts)
  • Chapter 5. Vanadium Redox Battery (VRB) market – Regional Analysis
    • 5.1. Global Vanadium Redox Battery (VRB) Market Regional Overview
    • 5.2. Global Vanadium Redox Battery (VRB) Market Share, by Region, 2019 & 2026 (Value)
    • 5.3. Global Vanadium Redox Battery (VRB) Market Share, by Region, 2019 & 2026 (Vulume)
    • 5.4. North America
      • 5.4.1. North America Vanadium Redox Battery (VRB) Market size and forecast, 2016-2026
      • 5.4.2. North America Vanadium Redox Battery (VRB) Market, by Country, 2019 - 2026 (USD Million)
      • 5.4.3. North America Market size and forecast, 2016-2026 (Megawatts)
      • 5.4.4. North America Vanadium Redox Battery (VRB) Market, by Country, 2019 - 2026 (Megawatts)
      • 5.4.5. North America Vanadium Redox Battery (VRB) Market, by Type, 2016-2026
        • 5.4.5.1. North America Vanadium Redox Battery (VRB) Market, by Type, 2016-2026 (USD Million)
        • 5.4.5.2. North America Vanadium Redox Battery (VRB) Market, by Type, 2016-2026 (Megawatts)
      • 5.4.6. North America Vanadium Redox Battery (VRB) Market, by Electrode Type, 2016-2026
        • 5.4.6.1. North America Vanadium Redox Battery (VRB) Market, by Electrode Type, 2016-2026 (USD Million)
        • 5.4.6.2. North America Vanadium Redox Battery (VRB) Market, by Electrode Type, 2016-2026 (Megawatts)
      • 5.4.7. North America Vanadium Redox Battery (VRB) Market, by Applications, 2016-2026
        • 5.4.7.1. North America Vanadium Redox Battery (VRB) Market, by Applications, 2016-2026 (USD Million)
        • 5.4.7.2. North America Vanadium Redox Battery (VRB) Market, by Applications, 2016-2026 (Megawatts)
      • 5.4.8. U.S.
        • 5.4.8.1. U.S. Market size and forecast, 2016-2026 (USD Million)
        • 5.4.8.2. U.S. Market size and forecast, 2016-2026 (Megawatts)
      • 5.4.9. Canada
        • 5.4.9.1. Canada Market size and forecast, 2016-2026 (USD Million)
        • 5.4.9.2. Canada Market size and forecast, 2016-2026 (Megawatts)
    • 5.5. Europe
      • 5.5.1. Europe Vanadium Redox Battery (VRB) Market size and forecast, 2016-2026
      • 5.5.2. Europe Vanadium Redox Battery (VRB) Market, by Country, 2019 - 2026 (USD Million)
      • 5.5.3. Europe Market size and forecast, 2016-2026 (Megawatts)
      • 5.5.4. Europe Vanadium Redox Battery (VRB) Market, by Country, 2019 - 2026 (Megawatts)
      • 5.5.5. Europe Vanadium Redox Battery (VRB) Market, by Type, 2016-2026
        • 5.5.5.1. Europe Vanadium Redox Battery (VRB) Market, by Type, 2016-2026 (USD Million)
        • 5.5.5.2. Europe Vanadium Redox Battery (VRB) Market, by Type, 2016-2026 (Megawatts)
      • 5.5.6. Europe Vanadium Redox Battery (VRB) Market, by Electrode Type, 2016-2026
        • 5.5.6.1. Europe Vanadium Redox Battery (VRB) Market, by Electrode Type, 2016-2026 (USD Million)
        • 5.5.6.2. Europe Vanadium Redox Battery (VRB) Market, by Electrode Type, 2016-2026 (Megawatts)
      • 5.5.7. Europe Vanadium Redox Battery (VRB) Market, by Applications, 2016-2026
        • 5.5.7.1. Europe Vanadium Redox Battery (VRB) Market, by Applications, 2016-2026 (USD Million)
        • 5.5.7.2. Europe Vanadium Redox Battery (VRB) Market, by Applications, 2016-2026 (Megawatts)
      • 5.5.8. Germany
        • 5.5.8.1. Germany Market size and forecast, 2016-2026 (USD Million)
        • 5.5.8.2. Germany Market size and forecast, 2016-2026 (Megawatts)
      • 5.5.9. France
        • 5.5.9.1. France Market size and forecast, 2016-2026 (USD Million)
        • 5.5.9.2. France Market size and forecast, 2016-2026 (Megawatts)
      • 5.5.10. U.K.
        • 5.5.10.1. U.K. Market size and forecast, 2016-2026 (USD Million)
        • 5.5.10.2. U.K. Market size and forecast, 2016-2026 (Megawatts)
      • 5.5.11. Italy
        • 5.5.11.1. Italy Market size and forecast, 2016-2026 (USD Million)
        • 5.5.11.2. Italy Market size and forecast, 2016-2026 (Megawatts)
      • 5.5.12. Spain
        • 5.5.12.1. Spain Market size and forecast, 2016-2026 (USD Million)
        • 5.5.12.2. Spain Market size and forecast, 2016-2026 (Megawatts)
      • 5.5.13. Rest of Europe
        • 5.5.13.1. Rest of Europe Market size and forecast, 2016-2026 (USD Million)
        • 5.5.13.2. Rest of Europe Market size and forecast, 2016-2026 (Megawatts)
    • 5.6. Asia Pacific
      • 5.6.1. Asia Pacific Vanadium Redox Battery (VRB) Market size and forecast, 2016-2026
      • 5.6.2. Asia Pacific Vanadium Redox Battery (VRB) Market, by Country, 2019 - 2026 (USD Million)
      • 5.6.3. Asia Pacific Market size and forecast, 2016-2026 (Megawatts)
      • 5.6.4. Asia Pacific Vanadium Redox Battery (VRB) Market, by Country, 2019 - 2026 (Megawatts)
      • 5.6.5. Asia Pacific Vanadium Redox Battery (VRB) Market, by Type, 2016-2026
        • 5.6.5.1. Asia Pacific Vanadium Redox Battery (VRB) Market, by Type, 2016-2026 (USD Million)
        • 5.6.5.2. Asia Pacific Vanadium Redox Battery (VRB) Market, by Type, 2016-2026 (Megawatts)
      • 5.6.6. Asia Pacific Vanadium Redox Battery (VRB) Market, by Electrode Type, 2016-2026
        • 5.6.6.1. Asia Pacific Vanadium Redox Battery (VRB) Market, by Electrode Type, 2016-2026 (USD Million)
        • 5.6.6.2. Asia Pacific Vanadium Redox Battery (VRB) Market, by Electrode Type, 2016-2026 (Megawatts)
      • 5.6.7. Asia Pacific Vanadium Redox Battery (VRB) Market, by Applications, 2016-2026
        • 5.6.7.1. Asia Pacific Vanadium Redox Battery (VRB) Market, by Applications, 2016-2026 (USD Million)
        • 5.6.7.2. Asia Pacific Vanadium Redox Battery (VRB) Market, by Applications, 2016-2026 (Megawatts)
      • 5.6.8. China
        • 5.6.8.1. China Market size and forecast, 2016-2026 (USD Million)
        • 5.6.8.2. China Market size and forecast, 2016-2026 (Megawatts)
      • 5.6.9. Japan
        • 5.6.9.1. Japan Market size and forecast, 2016-2026 (USD Million)
        • 5.6.9.2. Japan Market size and forecast, 2016-2026 (Megawatts)
      • 5.6.10. India
        • 5.6.10.1. India Market size and forecast, 2016-2026 (USD Million)
        • 5.6.10.2. India Market size and forecast, 2016-2026 (Megawatts)
      • 5.6.11. South Korea
        • 5.6.11.1. South Korea Market size and forecast, 2016-2026 (USD Million)
        • 5.6.11.2. South Korea Market size and forecast, 2016-2026 (Megawatts)
      • 5.6.12. South-East Asia
        • 5.6.12.1. South-East Asia Market size and forecast, 2016-2026 (USD Million)
        • 5.6.12.2. South-East Asia Market size and forecast, 2016-2026 (Megawatts)
      • 5.6.13. Rest of Asia Pacific
        • 5.6.13.1. Rest of Asia Pacific Market size and forecast, 2016-2026 (USD Million)
        • 5.6.13.2. Rest of Asia Pacific Market size and forecast, 2016-2026 (Megawatts)
    • 5.7. Latin America
      • 5.7.1. Latin America Vanadium Redox Battery (VRB) Market size and forecast, 2016-2026
      • 5.7.2. Latin America Vanadium Redox Battery (VRB) Market, by Country, 2019 - 2026 (USD Million)
      • 5.7.3. Latin America Market size and forecast, 2016-2026 (Megawatts)
      • 5.7.4. Latin America Vanadium Redox Battery (VRB) Market, by Country, 2019 - 2026 (Megawatts)
      • 5.7.5. Latin America Vanadium Redox Battery (VRB) Market, by Type, 2016-2026
        • 5.7.5.1. Latin America Vanadium Redox Battery (VRB) Market, by Type, 2016-2026 (USD Million)
        • 5.7.5.2. Latin America Vanadium Redox Battery (VRB) Market, by Type, 2016-2026 (Megawatts)
      • 5.7.6. Latin America Vanadium Redox Battery (VRB) Market, by Electrode Type, 2016-2026
        • 5.7.6.1. Latin America Vanadium Redox Battery (VRB) Market, by Electrode Type, 2016-2026 (USD Million)
        • 5.7.6.2. Latin America Vanadium Redox Battery (VRB) Market, by Electrode Type, 2016-2026 (Megawatts)
      • 5.7.7. Latin America Vanadium Redox Battery (VRB) Market, by Applications, 2016-2026
        • 5.7.7.1. Latin America Vanadium Redox Battery (VRB) Market, by Applications, 2016-2026 (USD Million)
        • 5.7.7.2. Latin America Vanadium Redox Battery (VRB) Market, by Applications, 2016-2026 (Megawatts)
      • 5.7.8. Brazil
        • 5.7.8.1. Brazil Market size and forecast, 2016-2026 (USD Million)
        • 5.7.8.2. Brazil Market size and forecast, 2016-2026 (Megawatts)
      • 5.7.9. Mexico
        • 5.7.9.1. Mexico Market size and forecast, 2016-2026 (USD Million)
        • 5.7.9.2. Mexico Market size and forecast, 2016-2026 (Megawatts)
      • 5.7.10. Rest of Latin America
        • 5.7.10.1. Rest of Latin America Market size and forecast, 2016-2026 (USD Million)
        • 5.7.10.2. Rest of Latin America Market size and forecast, 2016-2026 (Megawatts)
    • 5.8. The Middle-East and Africa
      • 5.8.1. The Middle-East and Africa Vanadium Redox Battery (VRB) Market size and forecast, 2016-2026
      • 5.8.2. The Middle-East and Africa Vanadium Redox Battery (VRB) Market, by Country, 2019 - 2026 (USD Million)
      • 5.8.3. The Middle-East and Africa Market size and forecast, 2016-2026 (Megawatts)
      • 5.8.4. The Middle-East and Africa Vanadium Redox Battery (VRB) Market, by Country, 2019 - 2026 (Megawatts)
      • 5.8.5. The Middle-East and Africa Vanadium Redox Battery (VRB) Market, by Type, 2016-2026
        • 5.8.5.1. The Middle-East and Africa Vanadium Redox Battery (VRB) Market, by Type, 2016-2026 (USD Million)
        • 5.8.5.2. The Middle-East and Africa Vanadium Redox Battery (VRB) Market, by Type, 2016-2026 (Megawatts)
      • 5.8.6. The Middle-East and Africa Vanadium Redox Battery (VRB) Market, by Electrode Type, 2016-2026
        • 5.8.6.1. The Middle-East and Africa Vanadium Redox Battery (VRB) Market, by Electrode Type, 2016-2026 (USD Million)
        • 5.8.6.2. The Middle-East and Africa Vanadium Redox Battery (VRB) Market, by Electrode Type, 2016-2026 (Megawatts)
      • 5.8.7. The Middle-East and Africa Vanadium Redox Battery (VRB) Market, by Applications, 2016-2026
        • 5.8.7.1. The Middle-East and Africa Vanadium Redox Battery (VRB) Market, by Applications, 2016-2026 (USD Million)
        • 5.8.7.2. The Middle-East and Africa Vanadium Redox Battery (VRB) Market, by Applications, 2016-2026 (Megawatts)
      • 5.8.8. GCC Countries
        • 5.8.8.1. GCC Countries Market size and forecast, 2016-2026 (USD Million)
        • 5.8.8.2. GCC Countries Market size and forecast, 2016-2026 (Megawatts)
      • 5.8.9. South Africa
        • 5.8.9.1. South Africa Market size and forecast, 2016-2026 (USD Million)
        • 5.8.9.2. South Africa Market size and forecast, 2016-2026 (Megawatts)
      • 5.8.10. Rest of Middle-East Africa
        • 5.8.10.1. Rest of Middle-East Africa Market size and forecast, 2016-2026 (USD Million)
        • 5.8.10.2. Rest of Middle-East Africa Market size and forecast, 2016-2026 (Megawatts)
  • Chapter 6. Vanadium Redox Battery (VRB) Production, Consumption, Export, Import by Regions
    • 6.1. Global Vanadium Redox Battery (VRB) production and revenue, 2016-2026 (USD Million) (Megawatts)
    • 6.2. Global Import and Export Analysis, by Region
  • Chapter 7. Vanadium Redox Battery (VRB) market – Competitive Landscape
    • 7.1. Competitor Market Share – Revenue
    • 7.2. Market Concentration Rate Analysis, Top 3 and Top 5 Players
    • 7.3. Competitor Market Share – Vulume
    • 7.4. Strategic Development
      • 7.4.1. Acquisitions and Mergers
      • 7.4.2. New Products
      • 7.4.3. Research & Development Activities
  • Chapter 8. Company Profiles
    • 8.1. Gildemeister Energy Sulutions
      • 8.1.1. Company Overview
      • 8.1.2. Gildemeister Energy Sulutions Sales, Revenue, Price, and Gross Margin
      • 8.1.3. Product portfulio
      • 8.1.4. Recent initiatives
    • 8.2. RedT Energy
      • 8.2.1. Company Overview
      • 8.2.2. RedT Energy Sales, Revenue, Price, and Gross Margin
      • 8.2.3. Product portfulio
      • 8.2.4. Recent initiatives
    • 8.3. UniEnergy Technologies
      • 8.3.1. Company Overview
      • 8.3.2. UniEnergy Technologies Sales, Revenue, Price, and Gross Margin
      • 8.3.3. Product portfulio
      • 8.3.4. Recent initiatives
    • 8.4. VanadiumCorp Resource
      • 8.4.1. Company Overview
      • 8.4.2. VanadiumCorp Resource Sales, Revenue, Price, and Gross Margin
      • 8.4.3. Product portfulio
      • 8.4.4. Recent initiatives
    • 8.5. Vionx Energy
      • 8.5.1. Company Overview
      • 8.5.2. Vionx Energy Sales, Revenue, Price, and Gross Margin
      • 8.5.3. Product portfulio
      • 8.5.4. Recent initiatives
    • 8.6. Australian Vanadium
      • 8.6.1. Company Overview
      • 8.6.2. Australian Vanadium Sales, Revenue, Price, and Gross Margin
      • 8.6.3. Product portfulio
      • 8.6.4. Recent initiatives
    • 8.7. Bushveld Energy
      • 8.7.1. Company Overview
      • 8.7.2. Bushveld Energy Sales, Revenue, Price, and Gross Margin
      • 8.7.3. Product portfulio
      • 8.7.4. Recent initiatives
    • 8.8. Cellennium
      • 8.8.1. Company Overview
      • 8.8.2. Cellennium Sales, Revenue, Price, and Gross Margin
      • 8.8.3. Product portfulio
      • 8.8.4. Recent initiatives
    • 8.9. Prudent Energy
      • 8.9.1. Company Overview
      • 8.9.2. Prudent Energy Sales, Revenue, Price, and Gross Margin
      • 8.9.3. Product portfulio
      • 8.9.4. Recent initiatives
    • 8.10. Redflow
      • 8.10.1. Company Overview
      • 8.10.2. Redflow Sales, Revenue, Price, and Gross Margin
      • 8.10.3. Product portfulio
      • 8.10.4. Recent initiatives
    • 8.11. Sparton Resources
      • 8.11.1. Company Overview
      • 8.11.2. Sparton Resources Sales, Revenue, Price, and Gross Margin
      • 8.11.3. Product portfulio
      • 8.11.4. Recent initiatives
    • 8.12. Sumitomo Electric Industries
      • 8.12.1. Company Overview
      • 8.12.2. Sumitomo Electric Industries Sales, Revenue, Price, and Gross Margin
      • 8.12.3. Product portfulio
      • 8.12.4. Recent initiatives
  • Chapter 9. Vanadium Redox Battery (VRB) — Industry Analysis
    • 9.1. Introduction and Taxonomy
    • 9.2. Vanadium Redox Battery (VRB) Market – Key Trends
      • 9.2.1. Market Drivers
      • 9.2.2. Market Restraints
      • 9.2.3. Market Opportunities
    • 9.3. Value Chain Analysis
    • 9.4. Key Mandates and Regulations
    • 9.5. Technology Roadmap and Timeline
    • 9.6. Vanadium Redox Battery (VRB) market – Attractiveness Analysis
      • 9.6.1. By Type
      • 9.6.2. By Electrode Type
      • 9.6.3. By Applications
      • 9.6.4. By Region
  • Chapter 10. Raw Material analysis
    • 10.1. Vanadium Redox Battery (VRB) Key Raw Material Analysis
      • 10.1.1. Key Raw Materials
      • 10.1.2. Price Trend of Key Raw Materials
    • 10.2. Key Suppliers of Raw Materials
    • 10.3. Proportion of Manufacturing Cost Structure
      • 10.3.1. Raw Materials
      • 10.3.2. Labor Cost
    • 10.4. Manufacturing Expenses Analysis of Vanadium Redox Battery (VRB)
  • Chapter 11. Industrial Chain, Sourcing Strategy and Downstream Buyers
    • 11.1. Vanadium Redox Battery (VRB) Industrial Chain Analysis
    • 11.2. Upstream Raw Materials Sourcing
      • 11.2.1. Risk Mitigation:
      • 11.2.2. Supplier Relationships:
      • 11.2.3. Business Processes:
      • 11.2.4. Securing the Product:
    • 11.3. Raw Materials Sources of Vanadium Redox Battery (VRB) Major Manufacturers in 2016
    • 11.4. Downstream Buyers
    • 11.5. Distributors/Traders List
  • Chapter 12. Marketing Strategy Analysis, Distributors
    • 12.1. Marketing Channel
    • 12.2. Direct Marketing
    • 12.3. Indirect Marketing
    • 12.4. Marketing Channel Development Trend
    • 12.5. Economic/Pulitical Environmental Change
  • Chapter 13. Report Conclusion
  • Chapter 14. Research Approach & Methodology
    • 14.1. Report Description
    • 14.2. Research Scope
    • 14.3. Research Methodology
      • 14.3.1. Secondary Research
      • 14.3.2. Primary Research
      • 14.3.3. Models
        • 14.3.3.1. Company Share Analysis Model
        • 14.3.3.2. Revenue Based Modeling
        • 14.3.3.3. Research Limitations

Methodology

Free Analysis

Key Insights from Primary Research

  • According to our primary respondents, the global vanadium redox battery market is expected to grow at a whooping CAGR of nearly 45% over the forecasted period.
  • After conducting primary interviews and market surveys, we predicted that the vanadium redox battery market was valued at nearly USD 160 million in 2019 and is expected to grow to a market value of USD 2,000 million in 2026.
  • On the basis of geography, the Asia-Pacific region dominated the global vanadium redox battery market in 2019 and is predicted to maintain dominance in the market owing to high investment in energy storage systems by countries such as China and Japan.
  • Based on application, the utility segment held a major share in the global vanadium redox battery market in 2019, the revenue generated by the utility segment in the vanadium redox battery market was nearly USD 130 million.
  • On the basis of type, the redox segment accounted for an approximate market share of 85% in 2019 and is expected to record a CAGR of around 45% in terms of value till 2026.

Key Recommendations from Analysts

  • Our analysts recommend that a high focus on renewable energy is expected to create new opportunities for the global vanadium redox battery market in European countries.
  • To expand energy storage capacity, developed countries in Europe are investing in new electrochemical battery technologies that can store large energy for a longer span and have a lifer span.
  • The significant CAGR of nearly 45% observed by the global vanadium redox battery market is set to bring profitable opportunities for the new players planning to enter the global market.
  • Our analysts predict, on the basis of application, the commercial and industrial segment is also foreseeing significant growth over the projected period, recording a CAGR of nearly 47% till 2026.
  • Owing to rapid technological advancements in the automotive sector and promising government initiatives have rapidly evolved the global EV market, which is expected to play a key role in proliferating the growth of the EV charging station segment in the global vanadium redox battery market.
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