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鈥檚 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 Vanadium Redox Battery (VRB) market size was valued at US$ 1781 million in 2023 and is forecast to a readjusted size of USD 16110 million by 2030 with a CAGR of 37.4% during review period.
Rongke Power, Sumitomo Electric Industries and VRB ENERGY are the main producers of vanadium REDOX batteries (VRBs). Rongke Power is the world"s first, accounting for about 40% of the market, and the top 3 accounted for about 70%.
China is the largest producing region, accounting for about 60% of the world"s total, followed by Japan at about 20%.
This report is a detailed and comprehensive analysis for global Vanadium Redox Battery (VRB) market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.
Key Features:
Global Vanadium Redox Battery (VRB) market size and forecasts, in consumption value ($ Million), sales quantity (MW), and average selling prices (USD/KW), 2019-2030
Global Vanadium Redox Battery (VRB) market size and forecasts by region and country, in consumption value ($ Million), sales quantity (MW), and average selling prices (USD/KW), 2019-2030
Global Vanadium Redox Battery (VRB) market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (MW), and average selling prices (USD/KW), 2019-2030
Global Vanadium Redox Battery (VRB) market shares of main players, shipments in revenue ($ Million), sales quantity (MW), and ASP (USD/KW), 2019-2024
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Vanadium Redox Battery (VRB)
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Vanadium Redox Battery (VRB) market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Dalian Rongke Power, Sumitomo Electric, VRB ENERGY, Largo Clean Energy, Invinity Energy Systems, Big Pawer, H2, Inc., CellCube Energy Storage, Shanghai Electric, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
麻豆原创 Segmentation
Vanadium Redox Battery (VRB) market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
麻豆原创 segment by Type
Carbon Paper Electrode
Graphite Felt Electrode
麻豆原创 segment by Application
Utility Facilities
Renewable Energy Integration
Others
Major players covered
Dalian Rongke Power
Sumitomo Electric
VRB ENERGY
Largo Clean Energy
Invinity Energy Systems
Big Pawer
H2, Inc.
CellCube Energy Storage
Shanghai Electric
麻豆原创 segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Vanadium Redox Battery (VRB) product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Vanadium Redox Battery (VRB), with price, sales quantity, revenue, and global market share of Vanadium Redox Battery (VRB) from 2019 to 2024.
Chapter 3, the Vanadium Redox Battery (VRB) competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Vanadium Redox Battery (VRB) breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2019 to 2030.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2019 to 2030.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2019 to 2024.and Vanadium Redox Battery (VRB) market forecast, by regions, by Type, and by Application, with sales and revenue, from 2025 to 2030.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Vanadium Redox Battery (VRB).
Chapter 14 and 15, to describe Vanadium Redox Battery (VRB) sales channel, distributors, customers, research findings and conclusion.
Please Note - This is an on demand report and will be delivered in 2 business days (48 Hours) post payment.
1 麻豆原创 Overview
1.1 Product Overview and Scope
1.2 麻豆原创 Estimation Caveats and Base Year
1.3 麻豆原创 Analysis by Type
1.3.1 Overview: Global Vanadium Redox Battery (VRB) Consumption Value by Type: 2019 Versus 2023 Versus 2030
1.3.2 Carbon Paper Electrode
1.3.3 Graphite Felt Electrode
1.4 麻豆原创 Analysis by Application
1.4.1 Overview: Global Vanadium Redox Battery (VRB) Consumption Value by Application: 2019 Versus 2023 Versus 2030
1.4.2 Utility Facilities
1.4.3 Renewable Energy Integration
1.4.4 Others
1.5 Global Vanadium Redox Battery (VRB) 麻豆原创 Size & Forecast
1.5.1 Global Vanadium Redox Battery (VRB) Consumption Value (2019 & 2023 & 2030)
1.5.2 Global Vanadium Redox Battery (VRB) Sales Quantity (2019-2030)
1.5.3 Global Vanadium Redox Battery (VRB) Average Price (2019-2030)
2 Manufacturers Profiles
2.1 Dalian Rongke Power
2.1.1 Dalian Rongke Power Details
2.1.2 Dalian Rongke Power Major Business
2.1.3 Dalian Rongke Power Vanadium Redox Battery (VRB) Product and Services
2.1.4 Dalian Rongke Power Vanadium Redox Battery (VRB) Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
2.1.5 Dalian Rongke Power Recent Developments/Updates
2.2 Sumitomo Electric
2.2.1 Sumitomo Electric Details
2.2.2 Sumitomo Electric Major Business
2.2.3 Sumitomo Electric Vanadium Redox Battery (VRB) Product and Services
2.2.4 Sumitomo Electric Vanadium Redox Battery (VRB) Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
2.2.5 Sumitomo Electric Recent Developments/Updates
2.3 VRB ENERGY
2.3.1 VRB ENERGY Details
2.3.2 VRB ENERGY Major Business
2.3.3 VRB ENERGY Vanadium Redox Battery (VRB) Product and Services
2.3.4 VRB ENERGY Vanadium Redox Battery (VRB) Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
2.3.5 VRB ENERGY Recent Developments/Updates
2.4 Largo Clean Energy
2.4.1 Largo Clean Energy Details
2.4.2 Largo Clean Energy Major Business
2.4.3 Largo Clean Energy Vanadium Redox Battery (VRB) Product and Services
2.4.4 Largo Clean Energy Vanadium Redox Battery (VRB) Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
2.4.5 Largo Clean Energy Recent Developments/Updates
2.5 Invinity Energy Systems
2.5.1 Invinity Energy Systems Details
2.5.2 Invinity Energy Systems Major Business
2.5.3 Invinity Energy Systems Vanadium Redox Battery (VRB) Product and Services
2.5.4 Invinity Energy Systems Vanadium Redox Battery (VRB) Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
2.5.5 Invinity Energy Systems Recent Developments/Updates
2.6 Big Pawer
2.6.1 Big Pawer Details
2.6.2 Big Pawer Major Business
2.6.3 Big Pawer Vanadium Redox Battery (VRB) Product and Services
2.6.4 Big Pawer Vanadium Redox Battery (VRB) Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
2.6.5 Big Pawer Recent Developments/Updates
2.7 H2, Inc.
2.7.1 H2, Inc. Details
2.7.2 H2, Inc. Major Business
2.7.3 H2, Inc. Vanadium Redox Battery (VRB) Product and Services
2.7.4 H2, Inc. Vanadium Redox Battery (VRB) Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
2.7.5 H2, Inc. Recent Developments/Updates
2.8 CellCube Energy Storage
2.8.1 CellCube Energy Storage Details
2.8.2 CellCube Energy Storage Major Business
2.8.3 CellCube Energy Storage Vanadium Redox Battery (VRB) Product and Services
2.8.4 CellCube Energy Storage Vanadium Redox Battery (VRB) Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
2.8.5 CellCube Energy Storage Recent Developments/Updates
2.9 Shanghai Electric
2.9.1 Shanghai Electric Details
2.9.2 Shanghai Electric Major Business
2.9.3 Shanghai Electric Vanadium Redox Battery (VRB) Product and Services
2.9.4 Shanghai Electric Vanadium Redox Battery (VRB) Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
2.9.5 Shanghai Electric Recent Developments/Updates
3 Competitive Environment: Vanadium Redox Battery (VRB) by Manufacturer
3.1 Global Vanadium Redox Battery (VRB) Sales Quantity by Manufacturer (2019-2024)
3.2 Global Vanadium Redox Battery (VRB) Revenue by Manufacturer (2019-2024)
3.3 Global Vanadium Redox Battery (VRB) Average Price by Manufacturer (2019-2024)
3.4 麻豆原创 Share Analysis (2023)
3.4.1 Producer Shipments of Vanadium Redox Battery (VRB) by Manufacturer Revenue ($MM) and 麻豆原创 Share (%): 2023
3.4.2 Top 3 Vanadium Redox Battery (VRB) Manufacturer 麻豆原创 Share in 2023
3.4.3 Top 6 Vanadium Redox Battery (VRB) Manufacturer 麻豆原创 Share in 2023
3.5 Vanadium Redox Battery (VRB) 麻豆原创: Overall Company Footprint Analysis
3.5.1 Vanadium Redox Battery (VRB) 麻豆原创: Region Footprint
3.5.2 Vanadium Redox Battery (VRB) 麻豆原创: Company Product Type Footprint
3.5.3 Vanadium Redox Battery (VRB) 麻豆原创: Company Product Application Footprint
3.6 New 麻豆原创 Entrants and Barriers to 麻豆原创 Entry
3.7 Mergers, Acquisition, Agreements, and Collaborations
4 Consumption Analysis by Region
4.1 Global Vanadium Redox Battery (VRB) 麻豆原创 Size by Region
4.1.1 Global Vanadium Redox Battery (VRB) Sales Quantity by Region (2019-2030)
4.1.2 Global Vanadium Redox Battery (VRB) Consumption Value by Region (2019-2030)
4.1.3 Global Vanadium Redox Battery (VRB) Average Price by Region (2019-2030)
4.2 North America Vanadium Redox Battery (VRB) Consumption Value (2019-2030)
4.3 Europe Vanadium Redox Battery (VRB) Consumption Value (2019-2030)
4.4 Asia-Pacific Vanadium Redox Battery (VRB) Consumption Value (2019-2030)
4.5 South America Vanadium Redox Battery (VRB) Consumption Value (2019-2030)
4.6 Middle East & Africa Vanadium Redox Battery (VRB) Consumption Value (2019-2030)
5 麻豆原创 Segment by Type
5.1 Global Vanadium Redox Battery (VRB) Sales Quantity by Type (2019-2030)
5.2 Global Vanadium Redox Battery (VRB) Consumption Value by Type (2019-2030)
5.3 Global Vanadium Redox Battery (VRB) Average Price by Type (2019-2030)
6 麻豆原创 Segment by Application
6.1 Global Vanadium Redox Battery (VRB) Sales Quantity by Application (2019-2030)
6.2 Global Vanadium Redox Battery (VRB) Consumption Value by Application (2019-2030)
6.3 Global Vanadium Redox Battery (VRB) Average Price by Application (2019-2030)
7 North America
7.1 North America Vanadium Redox Battery (VRB) Sales Quantity by Type (2019-2030)
7.2 North America Vanadium Redox Battery (VRB) Sales Quantity by Application (2019-2030)
7.3 North America Vanadium Redox Battery (VRB) 麻豆原创 Size by Country
7.3.1 North America Vanadium Redox Battery (VRB) Sales Quantity by Country (2019-2030)
7.3.2 North America Vanadium Redox Battery (VRB) Consumption Value by Country (2019-2030)
7.3.3 United States 麻豆原创 Size and Forecast (2019-2030)
7.3.4 Canada 麻豆原创 Size and Forecast (2019-2030)
7.3.5 Mexico 麻豆原创 Size and Forecast (2019-2030)
8 Europe
8.1 Europe Vanadium Redox Battery (VRB) Sales Quantity by Type (2019-2030)
8.2 Europe Vanadium Redox Battery (VRB) Sales Quantity by Application (2019-2030)
8.3 Europe Vanadium Redox Battery (VRB) 麻豆原创 Size by Country
8.3.1 Europe Vanadium Redox Battery (VRB) Sales Quantity by Country (2019-2030)
8.3.2 Europe Vanadium Redox Battery (VRB) Consumption Value by Country (2019-2030)
8.3.3 Germany 麻豆原创 Size and Forecast (2019-2030)
8.3.4 France 麻豆原创 Size and Forecast (2019-2030)
8.3.5 United Kingdom 麻豆原创 Size and Forecast (2019-2030)
8.3.6 Russia 麻豆原创 Size and Forecast (2019-2030)
8.3.7 Italy 麻豆原创 Size and Forecast (2019-2030)
9 Asia-Pacific
9.1 Asia-Pacific Vanadium Redox Battery (VRB) Sales Quantity by Type (2019-2030)
9.2 Asia-Pacific Vanadium Redox Battery (VRB) Sales Quantity by Application (2019-2030)
9.3 Asia-Pacific Vanadium Redox Battery (VRB) 麻豆原创 Size by Region
9.3.1 Asia-Pacific Vanadium Redox Battery (VRB) Sales Quantity by Region (2019-2030)
9.3.2 Asia-Pacific Vanadium Redox Battery (VRB) Consumption Value by Region (2019-2030)
9.3.3 China 麻豆原创 Size and Forecast (2019-2030)
9.3.4 Japan 麻豆原创 Size and Forecast (2019-2030)
9.3.5 South Korea 麻豆原创 Size and Forecast (2019-2030)
9.3.6 India 麻豆原创 Size and Forecast (2019-2030)
9.3.7 Southeast Asia 麻豆原创 Size and Forecast (2019-2030)
9.3.8 Australia 麻豆原创 Size and Forecast (2019-2030)
10 South America
10.1 South America Vanadium Redox Battery (VRB) Sales Quantity by Type (2019-2030)
10.2 South America Vanadium Redox Battery (VRB) Sales Quantity by Application (2019-2030)
10.3 South America Vanadium Redox Battery (VRB) 麻豆原创 Size by Country
10.3.1 South America Vanadium Redox Battery (VRB) Sales Quantity by Country (2019-2030)
10.3.2 South America Vanadium Redox Battery (VRB) Consumption Value by Country (2019-2030)
10.3.3 Brazil 麻豆原创 Size and Forecast (2019-2030)
10.3.4 Argentina 麻豆原创 Size and Forecast (2019-2030)
11 Middle East & Africa
11.1 Middle East & Africa Vanadium Redox Battery (VRB) Sales Quantity by Type (2019-2030)
11.2 Middle East & Africa Vanadium Redox Battery (VRB) Sales Quantity by Application (2019-2030)
11.3 Middle East & Africa Vanadium Redox Battery (VRB) 麻豆原创 Size by Country
11.3.1 Middle East & Africa Vanadium Redox Battery (VRB) Sales Quantity by Country (2019-2030)
11.3.2 Middle East & Africa Vanadium Redox Battery (VRB) Consumption Value by Country (2019-2030)
11.3.3 Turkey 麻豆原创 Size and Forecast (2019-2030)
11.3.4 Egypt 麻豆原创 Size and Forecast (2019-2030)
11.3.5 Saudi Arabia 麻豆原创 Size and Forecast (2019-2030)
11.3.6 South Africa 麻豆原创 Size and Forecast (2019-2030)
12 麻豆原创 Dynamics
12.1 Vanadium Redox Battery (VRB) 麻豆原创 Drivers
12.2 Vanadium Redox Battery (VRB) 麻豆原创 Restraints
12.3 Vanadium Redox Battery (VRB) Trends Analysis
12.4 Porters Five Forces Analysis
12.4.1 Threat of New Entrants
12.4.2 Bargaining Power of Suppliers
12.4.3 Bargaining Power of Buyers
12.4.4 Threat of Substitutes
12.4.5 Competitive Rivalry
13 Raw Material and Industry Chain
13.1 Raw Material of Vanadium Redox Battery (VRB) and Key Manufacturers
13.2 Manufacturing Costs Percentage of Vanadium Redox Battery (VRB)
13.3 Vanadium Redox Battery (VRB) Production Process
13.4 Industry Value Chain Analysis
14 Shipments by Distribution Channel
14.1 Sales Channel
14.1.1 Direct to End-User
14.1.2 Distributors
14.2 Vanadium Redox Battery (VRB) Typical Distributors
14.3 Vanadium Redox Battery (VRB) Typical Customers
15 Research Findings and Conclusion
16 Appendix
16.1 Methodology
16.2 Research Process and Data Source
16.3 Disclaimer
Dalian Rongke Power
Sumitomo Electric
VRB ENERGY
Largo Clean Energy
Invinity Energy Systems
Big Pawer
H2, Inc.
CellCube Energy Storage
Shanghai Electric
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*If Applicable.
