Global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Market Insights, Research, Forecast to 2025

Published On: Aug 2019

Format: PDF

Publisher: QY Research

Pages: 117

Report ID: 349102

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 Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) market was valued at 320 Million US$ in 2018 and is projected to reach 4250 Million US$ by 2025, at a CAGR of 38.3% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries).

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 2014-2019 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 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
Carbon Paper Electrode
Graphite Felt Electrode
Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Breakdown Data by Application
Large-Scale Energy Storage
Uninterruptible Power Supply
Others

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

The study objectives are:
To analyze and research the global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) status and future forecast,involving, production, revenue, consumption, historical and forecast.
To present the key Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

In this study, the years considered to estimate the market size of Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025

This report includes the estimation of market size for value (million USD) and volume (MW). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.

For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

Table of Contents

1 Study Coverage
1.1 Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Product
1.2 Key Market Segments in This Study
1.3 Key Manufacturers Covered
1.4 Market by Type
1.4.1 Global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Market Size Growth Rate by Type
1.4.2 Carbon Paper Electrode
1.4.3 Graphite Felt Electrode
1.5 Market by Application
1.5.1 Global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Market Size Growth Rate by Application
1.5.2 Large-Scale Energy Storage
1.5.3 Uninterruptible Power Supply
1.5.4 Others
1.6 Study Objectives
1.7 Years Considered

2 Executive Summary
2.1 Global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Market Size
2.1.1 Global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Revenue 2014-2025
2.1.2 Global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Production 2014-2025
2.2 Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Growth Rate (CAGR) 2019-2025
2.3 Analysis of Competitive Landscape
2.3.1 Manufacturers Market Concentration Ratio (CR5 and HHI)
2.3.2 Key Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Manufacturers
2.3.2.1 Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Manufacturing Base Distribution, Headquarters
2.3.2.2 Manufacturers Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Product Offered
2.3.2.3 Date of Manufacturers Enter into Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Market
2.4 Key Trends for Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Markets & Products

3 Market Size by Manufacturers
3.1 Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Production by Manufacturers
3.1.1 Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Production by Manufacturers
3.1.2 Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Production Market Share by Manufacturers
3.2 Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Revenue by Manufacturers
3.2.1 Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Revenue by Manufacturers (2014-2019)
3.2.2 Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Revenue Share by Manufacturers (2014-2019)
3.3 Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Price by Manufacturers
3.4 Mergers & Acquisitions, Expansion Plans

4 Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Production by Regions
4.1 Global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Production by Regions
4.1.1 Global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Production Market Share by Regions
4.1.2 Global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Revenue Market Share by Regions
4.2 United States
4.2.1 United States Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Production
4.2.2 United States Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Revenue
4.2.3 Key Players in United States
4.2.4 United States Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Import & Export
4.3 Europe
4.3.1 Europe Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Production
4.3.2 Europe Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Revenue
4.3.3 Key Players in Europe
4.3.4 Europe Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Import & Export
4.4 China
4.4.1 China Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Production
4.4.2 China Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Revenue
4.4.3 Key Players in China
4.4.4 China Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Import & Export
4.5 Japan
4.5.1 Japan Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Production
4.5.2 Japan Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Revenue
4.5.3 Key Players in Japan
4.5.4 Japan Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Import & Export
4.6 Other Regions
4.6.1 South Korea
4.6.2 India
4.6.3 Southeast Asia

5 Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Consumption by Regions
5.1 Global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Consumption by Regions
5.1.1 Global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Consumption by Regions
5.1.2 Global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Consumption Market Share by Regions
5.2 North America
5.2.1 North America Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Consumption by Application
5.2.2 North America Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Consumption by Countries
5.2.3 United States
5.2.4 Canada
5.2.5 Mexico
5.3 Europe
5.3.1 Europe Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Consumption by Application
5.3.2 Europe Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Consumption by Countries
5.3.3 Germany
5.3.4 France
5.3.5 UK
5.3.6 Italy
5.3.7 Russia
5.4 Asia Pacific
5.4.1 Asia Pacific Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Consumption by Application
5.4.2 Asia Pacific Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Consumption by Countries
5.4.3 China
5.4.4 Japan
5.4.5 South Korea
5.4.6 India
5.4.7 Australia
5.4.8 Indonesia
5.4.9 Thailand
5.4.10 Malaysia
5.4.11 Philippines
5.4.12 Vietnam
5.5 Central & South America
5.5.1 Central & South America Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Consumption by Application
5.5.2 Central & South America Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Consumption by Country
5.5.3 Brazil
5.6 Middle East and Africa
5.6.1 Middle East and Africa Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Consumption by Application
5.6.2 Middle East and Africa Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Consumption by Countries
5.6.3 GCC Countries
5.6.4 Egypt
5.6.5 South Africa

6 Market Size by Type
6.1 Global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Production by Type
6.2 Global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Revenue by Type
6.3 Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Price by Type

7 Market Size by Application
7.1 Overview
7.2 Global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Breakdown Dada by Application
7.2.1 Global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Consumption by Application
7.2.2 Global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Consumption Market Share by Application (2014-2019)

8 Manufacturers Profiles
8.1 Sumitomo Electric Industries
8.1.1 Sumitomo Electric Industries Company Details
8.1.2 Company Overview
8.1.3 Sumitomo Electric Industries Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Production Revenue and Gross Margin (2014-2019)
8.1.4 Sumitomo Electric Industries Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Product Description
8.1.5 Sumitomo Electric Industries Recent Development
8.2 Rongke Power
8.2.1 Rongke Power Company Details
8.2.2 Company Overview
8.2.3 Rongke Power Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Production Revenue and Gross Margin (2014-2019)
8.2.4 Rongke Power Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Product Description
8.2.5 Rongke Power Recent Development
8.3 UniEnergy Technologies
8.3.1 UniEnergy Technologies Company Details
8.3.2 Company Overview
8.3.3 UniEnergy Technologies Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Production Revenue and Gross Margin (2014-2019)
8.3.4 UniEnergy Technologies Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Product Description
8.3.5 UniEnergy Technologies Recent Development
8.4 redT Energy
8.4.1 redT Energy Company Details
8.4.2 Company Overview
8.4.3 redT Energy Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Production Revenue and Gross Margin (2014-2019)
8.4.4 redT Energy Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Product Description
8.4.5 redT Energy Recent Development
8.5 Vionx Energy
8.5.1 Vionx Energy Company Details
8.5.2 Company Overview
8.5.3 Vionx Energy Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Production Revenue and Gross Margin (2014-2019)
8.5.4 Vionx Energy Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Product Description
8.5.5 Vionx Energy Recent Development
8.6 Big Pawer
8.6.1 Big Pawer Company Details
8.6.2 Company Overview
8.6.3 Big Pawer Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Production Revenue and Gross Margin (2014-2019)
8.6.4 Big Pawer Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Product Description
8.6.5 Big Pawer Recent Development
8.7 Australian Vanadium
8.7.1 Australian Vanadium Company Details
8.7.2 Company Overview
8.7.3 Australian Vanadium Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Production Revenue and Gross Margin (2014-2019)
8.7.4 Australian Vanadium Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Product Description
8.7.5 Australian Vanadium Recent Development
8.8 Golden Energy Fuel Cell
8.8.1 Golden Energy Fuel Cell Company Details
8.8.2 Company Overview
8.8.3 Golden Energy Fuel Cell Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Production Revenue and Gross Margin (2014-2019)
8.8.4 Golden Energy Fuel Cell Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Product Description
8.8.5 Golden Energy Fuel Cell Recent Development
8.9 H2, Inc.
8.9.1 H2, Inc. Company Details
8.9.2 Company Overview
8.9.3 H2, Inc. Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Production Revenue and Gross Margin (2014-2019)
8.9.4 H2, Inc. Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Product Description
8.9.5 H2, Inc. Recent Development

9 Production Forecasts
9.1 Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Production and Revenue Forecast
9.1.1 Global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Production Forecast 2019-2025
9.1.2 Global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Revenue Forecast 2019-2025
9.2 Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Production and Revenue Forecast by Regions
9.2.1 Global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Revenue Forecast by Regions
9.2.2 Global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Production Forecast by Regions
9.3 Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Key Producers Forecast
9.3.1 United States
9.3.2 Europe
9.3.3 China
9.3.4 Japan
9.4 Forecast by Type
9.4.1 Global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Production Forecast by Type
9.4.2 Global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Revenue Forecast by Type

10 Consumption Forecast
10.1 Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Consumption Forecast by Application
10.2 Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Consumption Forecast by Regions
10.3 North America Market Consumption Forecast
10.3.1 North America Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Consumption Forecast by Regions 2019-2025
10.3.2 United States
10.3.3 Canada
10.3.4 Mexico
10.4 Europe Market Consumption Forecast
10.4.1 Europe Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Consumption Forecast by Regions 2019-2025
10.4.2 Germany
10.4.3 France
10.4.4 UK
10.4.5 Italy
10.4.6 Russia
10.5 Asia Pacific Market Consumption Forecast
10.5.1 Asia Pacific Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Consumption Forecast by Regions 2019-2025
10.5.2 China
10.5.3 Japan
10.5.4 South Korea
10.5.5 India
10.5.6 Australia
10.5.7 Indonesia
10.5.8 Thailand
10.5.9 Malaysia
10.5.10 Philippines
10.5.11 Vietnam
10.6 Central & South America Market Consumption Forecast
10.6.1 Central & South America Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Consumption Forecast by Regions 2019-2025
10.6.2 Brazil
10.7 Middle East and Africa Market Consumption Forecast
10.7.1 Middle East and Africa Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Consumption Forecast by Regions 2019-2025
10.7.2 GCC Countries
10.7.3 Egypt
10.7.4 South Africa

11 Value Chain and Sales Channels Analysis
11.1 Value Chain Analysis
11.2 Sales Channels Analysis
11.2.1 Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Sales Channels
11.2.2 Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Distributors
11.3 Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Customers

12 Market Opportunities & Challenges, Risks and Influences Factors Analysis
12.1 Market Opportunities and Drivers
12.2 Market Challenges
12.3 Market Risks/Restraints

13 Key Findings in the Global Vanadium Redox Battery (VRB) (All-Vanadium Redox Flow Batteries) Study

14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.1.1 Research Programs/Design
14.1.1.2 Market Size Estimation
14.1.1.3 Market Breakdown and Data Triangulation
14.1.2 Data Source
14.1.2.1 Secondary Sources
14.1.2.2 Primary Sources
14.2 Author Details
14.3 Disclaimer