Global Vanadium Redox Flow Battery (VRB) Supply, Demand and Key Producers, 2023-2029

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Published Date: 27 Feb 2023

Category: Energy & Power

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Description
Table of Contents
Table of Figures
Research Methodology
Related Reports
Product Tags

Description

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.

This report studies the global Vanadium Redox Flow Battery (VRB) production, demand, key manufacturers, and key regions.

This report is a detailed and comprehensive analysis of the world market for Vanadium Redox Flow Battery (VRB), and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2022 as the base year. This report explores demand trends and competition, as well as details the characteristics of Vanadium Redox Flow Battery (VRB) that contribute to its increasing demand across many markets.

The global Vanadium Redox Flow Battery (VRB) market size is expected to reach $ 1600.8 million by 2029, rising at a market growth of 3.5% CAGR during the forecast period (2023-2029).

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%.

Highlights and key features of the study
Global Vanadium Redox Flow Battery (VRB) total production and demand, 2018-2029, (MW)
Global Vanadium Redox Flow Battery (VRB) total production value, 2018-2029, (USD Million)
Global Vanadium Redox Flow Battery (VRB) production by region & country, production, value, CAGR, 2018-2029, (USD Million) & (MW)
Global Vanadium Redox Flow Battery (VRB) consumption by region & country, CAGR, 2018-2029 & (MW)
U.S. VS China: Vanadium Redox Flow Battery (VRB) domestic production, consumption, key domestic manufacturers and share
Global Vanadium Redox Flow Battery (VRB) production by manufacturer, production, price, value and market share 2018-2023, (USD Million) & (MW)
Global Vanadium Redox Flow Battery (VRB) production by Type, production, value, CAGR, 2018-2029, (USD Million) & (MW)
Global Vanadium Redox Flow Battery (VRB) production by Application production, value, CAGR, 2018-2029, (USD Million) & (MW)
This reports profiles key players in the global Vanadium Redox Flow Battery (VRB) market based on the following parameters – company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Sumitomo Electric Industries, Rongke Power, UniEnergy Technologies, redT Energy, Vionx Energy, Big Pawer, Australian Vanadium, Golden Energy Fuel Cell and H2, Inc., etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Vanadium Redox Flow Battery (VRB) market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (MW) and average price (USD/KW) by manufacturer, by Type, and by Application. Data is given for the years 2018-2029 by year with 2022 as the base year, 2023 as the estimate year, and 2024-2029 as the forecast year.

Global Vanadium Redox Flow Battery (VRB) Market, By Region:
    United States
    China
    Europe
    Japan
    South Korea
    ASEAN
    India
    Rest of World

Global Vanadium Redox Flow Battery (VRB) Market, Segmentation by Type
    Carbon Paper Electrode
    Graphite Felt Electrode

Global Vanadium Redox Flow Battery (VRB) Market, Segmentation by Application
    Large-Scale Energy Storage
    Uninterruptible Power Supply
    Others

Companies Profiled:
    Sumitomo Electric Industries
    Rongke Power
    UniEnergy Technologies
    redT Energy
    Vionx Energy
    Big Pawer
    Australian Vanadium
    Golden Energy Fuel Cell
    H2, Inc.

Key Questions Answered
1. How big is the global Vanadium Redox Flow Battery (VRB) market?
2. What is the demand of the global Vanadium Redox Flow Battery (VRB) market?
3. What is the year over year growth of the global Vanadium Redox Flow Battery (VRB) market?
4. What is the production and production value of the global Vanadium Redox Flow Battery (VRB) market?
5. Who are the key producers in the global Vanadium Redox Flow Battery (VRB) market?
6. What are the growth factors driving the market demand?

Table of Contents

1 Supply Summary
    1.1 Vanadium Redox Flow Battery (VRB) Introduction
    1.2 World Vanadium Redox Flow Battery (VRB) Supply & Forecast
        1.2.1 World Vanadium Redox Flow Battery (VRB) Production Value (2018 & 2022 & 2029)
        1.2.2 World Vanadium Redox Flow Battery (VRB) Production (2018-2029)
        1.2.3 World Vanadium Redox Flow Battery (VRB) Pricing Trends (2018-2029)
    1.3 World Vanadium Redox Flow Battery (VRB) Production by Region (Based on Production Site)
        1.3.1 World Vanadium Redox Flow Battery (VRB) Production Value by Region (2018-2029)
        1.3.2 World Vanadium Redox Flow Battery (VRB) Production by Region (2018-2029)
        1.3.3 World Vanadium Redox Flow Battery (VRB) Average Price by Region (2018-2029)
        1.3.4 North America Vanadium Redox Flow Battery (VRB) Production (2018-2029)
        1.3.5 Europe Vanadium Redox Flow Battery (VRB) Production (2018-2029)
        1.3.6 China Vanadium Redox Flow Battery (VRB) Production (2018-2029)
        1.3.7 Japan Vanadium Redox Flow Battery (VRB) Production (2018-2029)
    1.4 Market Drivers, Restraints and Trends
        1.4.1 Vanadium Redox Flow Battery (VRB) Market Drivers
        1.4.2 Factors Affecting Demand
        1.4.3 Vanadium Redox Flow Battery (VRB) Major Market Trends
    1.5 Influence of COVID-19 and Russia-Ukraine War
        1.5.1 Influence of COVID-19
        1.5.2 Influence of Russia-Ukraine War

2 Demand Summary
    2.1 World Vanadium Redox Flow Battery (VRB) Demand (2018-2029)
    2.2 World Vanadium Redox Flow Battery (VRB) Consumption by Region
        2.2.1 World Vanadium Redox Flow Battery (VRB) Consumption by Region (2018-2023)
        2.2.2 World Vanadium Redox Flow Battery (VRB) Consumption Forecast by Region (2024-2029)
    2.3 United States Vanadium Redox Flow Battery (VRB) Consumption (2018-2029)
    2.4 China Vanadium Redox Flow Battery (VRB) Consumption (2018-2029)
    2.5 Europe Vanadium Redox Flow Battery (VRB) Consumption (2018-2029)
    2.6 Japan Vanadium Redox Flow Battery (VRB) Consumption (2018-2029)
    2.7 South Korea Vanadium Redox Flow Battery (VRB) Consumption (2018-2029)
    2.8 ASEAN Vanadium Redox Flow Battery (VRB) Consumption (2018-2029)
    2.9 India Vanadium Redox Flow Battery (VRB) Consumption (2018-2029)

3 World Vanadium Redox Flow Battery (VRB) Manufacturers Competitive Analysis
    3.1 World Vanadium Redox Flow Battery (VRB) Production Value by Manufacturer (2018-2023)
    3.2 World Vanadium Redox Flow Battery (VRB) Production by Manufacturer (2018-2023)
    3.3 World Vanadium Redox Flow Battery (VRB) Average Price by Manufacturer (2018-2023)
    3.4 Vanadium Redox Flow Battery (VRB) Company Evaluation Quadrant
    3.5 Industry Rank and Concentration Rate (CR)
        3.5.1 Global Vanadium Redox Flow Battery (VRB) Industry Rank of Major Manufacturers
        3.5.2 Global Concentration Ratios (CR4) for Vanadium Redox Flow Battery (VRB) in 2022
        3.5.3 Global Concentration Ratios (CR8) for Vanadium Redox Flow Battery (VRB) in 2022
    3.6 Vanadium Redox Flow Battery (VRB) Market: Overall Company Footprint Analysis
        3.6.1 Vanadium Redox Flow Battery (VRB) Market: Region Footprint
        3.6.2 Vanadium Redox Flow Battery (VRB) Market: Company Product Type Footprint
        3.6.3 Vanadium Redox Flow Battery (VRB) Market: Company Product Application Footprint
    3.7 Competitive Environment
        3.7.1 Historical Structure of the Industry
        3.7.2 Barriers of Market Entry
        3.7.3 Factors of Competition
    3.8 New Entrant and Capacity Expansion Plans
    3.9 Mergers, Acquisition, Agreements, and Collaborations

4 United States VS China VS Rest of the World
    4.1 United States VS China: Vanadium Redox Flow Battery (VRB) Production Value Comparison
        4.1.1 United States VS China: Vanadium Redox Flow Battery (VRB) Production Value Comparison (2018 & 2022 & 2029)
        4.1.2 United States VS China: Vanadium Redox Flow Battery (VRB) Production Value Market Share Comparison (2018 & 2022 & 2029)
    4.2 United States VS China: Vanadium Redox Flow Battery (VRB) Production Comparison
        4.2.1 United States VS China: Vanadium Redox Flow Battery (VRB) Production Comparison (2018 & 2022 & 2029)
        4.2.2 United States VS China: Vanadium Redox Flow Battery (VRB) Production Market Share Comparison (2018 & 2022 & 2029)
    4.3 United States VS China: Vanadium Redox Flow Battery (VRB) Consumption Comparison
        4.3.1 United States VS China: Vanadium Redox Flow Battery (VRB) Consumption Comparison (2018 & 2022 & 2029)
        4.3.2 United States VS China: Vanadium Redox Flow Battery (VRB) Consumption Market Share Comparison (2018 & 2022 & 2029)
    4.4 United States Based Vanadium Redox Flow Battery (VRB) Manufacturers and Market Share, 2018-2023
        4.4.1 United States Based Vanadium Redox Flow Battery (VRB) Manufacturers, Headquarters and Production Site (States, Country)
        4.4.2 United States Based Manufacturers Vanadium Redox Flow Battery (VRB) Production Value (2018-2023)
        4.4.3 United States Based Manufacturers Vanadium Redox Flow Battery (VRB) Production (2018-2023)
    4.5 China Based Vanadium Redox Flow Battery (VRB) Manufacturers and Market Share
        4.5.1 China Based Vanadium Redox Flow Battery (VRB) Manufacturers, Headquarters and Production Site (Province, Country)
        4.5.2 China Based Manufacturers Vanadium Redox Flow Battery (VRB) Production Value (2018-2023)
        4.5.3 China Based Manufacturers Vanadium Redox Flow Battery (VRB) Production (2018-2023)
    4.6 Rest of World Based Vanadium Redox Flow Battery (VRB) Manufacturers and Market Share, 2018-2023
        4.6.1 Rest of World Based Vanadium Redox Flow Battery (VRB) Manufacturers, Headquarters and Production Site (State, Country)
        4.6.2 Rest of World Based Manufacturers Vanadium Redox Flow Battery (VRB) Production Value (2018-2023)
        4.6.3 Rest of World Based Manufacturers Vanadium Redox Flow Battery (VRB) Production (2018-2023)

5 Market Analysis by Type
    5.1 World Vanadium Redox Flow Battery (VRB) Market Size Overview by Type: 2018 VS 2022 VS 2029
    5.2 Segment Introduction by Type
        5.2.1 Carbon Paper Electrode
        5.2.2 Graphite Felt Electrode
    5.3 Market Segment by Type
        5.3.1 World Vanadium Redox Flow Battery (VRB) Production by Type (2018-2029)
        5.3.2 World Vanadium Redox Flow Battery (VRB) Production Value by Type (2018-2029)
        5.3.3 World Vanadium Redox Flow Battery (VRB) Average Price by Type (2018-2029)

6 Market Analysis by Application
    6.1 World Vanadium Redox Flow Battery (VRB) Market Size Overview by Application: 2018 VS 2022 VS 2029
    6.2 Segment Introduction by Application
        6.2.1 Large-Scale Energy Storage
        6.2.2 Uninterruptible Power Supply
        6.2.3 Others
    6.3 Market Segment by Application
        6.3.1 World Vanadium Redox Flow Battery (VRB) Production by Application (2018-2029)
        6.3.2 World Vanadium Redox Flow Battery (VRB) Production Value by Application (2018-2029)
        6.3.3 World Vanadium Redox Flow Battery (VRB) Average Price by Application (2018-2029)

7 Company Profiles
    7.1 Sumitomo Electric Industries
        7.1.1 Sumitomo Electric Industries Details
        7.1.2 Sumitomo Electric Industries Major Business
        7.1.3 Sumitomo Electric Industries Vanadium Redox Flow Battery (VRB) Product and Services
        7.1.4 Sumitomo Electric Industries Vanadium Redox Flow Battery (VRB) Production, Price, Value, Gross Margin and Market Share (2018-2023)
        7.1.5 Sumitomo Electric Industries Recent Developments/Updates
        7.1.6 Sumitomo Electric Industries Competitive Strengths & Weaknesses
    7.2 Rongke Power
        7.2.1 Rongke Power Details
        7.2.2 Rongke Power Major Business
        7.2.3 Rongke Power Vanadium Redox Flow Battery (VRB) Product and Services
        7.2.4 Rongke Power Vanadium Redox Flow Battery (VRB) Production, Price, Value, Gross Margin and Market Share (2018-2023)
        7.2.5 Rongke Power Recent Developments/Updates
        7.2.6 Rongke Power Competitive Strengths & Weaknesses
    7.3 UniEnergy Technologies
        7.3.1 UniEnergy Technologies Details
        7.3.2 UniEnergy Technologies Major Business
        7.3.3 UniEnergy Technologies Vanadium Redox Flow Battery (VRB) Product and Services
        7.3.4 UniEnergy Technologies Vanadium Redox Flow Battery (VRB) Production, Price, Value, Gross Margin and Market Share (2018-2023)
        7.3.5 UniEnergy Technologies Recent Developments/Updates
        7.3.6 UniEnergy Technologies Competitive Strengths & Weaknesses
    7.4 redT Energy
        7.4.1 redT Energy Details
        7.4.2 redT Energy Major Business
        7.4.3 redT Energy Vanadium Redox Flow Battery (VRB) Product and Services
        7.4.4 redT Energy Vanadium Redox Flow Battery (VRB) Production, Price, Value, Gross Margin and Market Share (2018-2023)
        7.4.5 redT Energy Recent Developments/Updates
        7.4.6 redT Energy Competitive Strengths & Weaknesses
    7.5 Vionx Energy
        7.5.1 Vionx Energy Details
        7.5.2 Vionx Energy Major Business
        7.5.3 Vionx Energy Vanadium Redox Flow Battery (VRB) Product and Services
        7.5.4 Vionx Energy Vanadium Redox Flow Battery (VRB) Production, Price, Value, Gross Margin and Market Share (2018-2023)
        7.5.5 Vionx Energy Recent Developments/Updates
        7.5.6 Vionx Energy Competitive Strengths & Weaknesses
    7.6 Big Pawer
        7.6.1 Big Pawer Details
        7.6.2 Big Pawer Major Business
        7.6.3 Big Pawer Vanadium Redox Flow Battery (VRB) Product and Services
        7.6.4 Big Pawer Vanadium Redox Flow Battery (VRB) Production, Price, Value, Gross Margin and Market Share (2018-2023)
        7.6.5 Big Pawer Recent Developments/Updates
        7.6.6 Big Pawer Competitive Strengths & Weaknesses
    7.7 Australian Vanadium
        7.7.1 Australian Vanadium Details
        7.7.2 Australian Vanadium Major Business
        7.7.3 Australian Vanadium Vanadium Redox Flow Battery (VRB) Product and Services
        7.7.4 Australian Vanadium Vanadium Redox Flow Battery (VRB) Production, Price, Value, Gross Margin and Market Share (2018-2023)
        7.7.5 Australian Vanadium Recent Developments/Updates
        7.7.6 Australian Vanadium Competitive Strengths & Weaknesses
    7.8 Golden Energy Fuel Cell
        7.8.1 Golden Energy Fuel Cell Details
        7.8.2 Golden Energy Fuel Cell Major Business
        7.8.3 Golden Energy Fuel Cell Vanadium Redox Flow Battery (VRB) Product and Services
        7.8.4 Golden Energy Fuel Cell Vanadium Redox Flow Battery (VRB) Production, Price, Value, Gross Margin and Market Share (2018-2023)
        7.8.5 Golden Energy Fuel Cell Recent Developments/Updates
        7.8.6 Golden Energy Fuel Cell Competitive Strengths & Weaknesses
    7.9 H2, Inc.
        7.9.1 H2, Inc. Details
        7.9.2 H2, Inc. Major Business
        7.9.3 H2, Inc. Vanadium Redox Flow Battery (VRB) Product and Services
        7.9.4 H2, Inc. Vanadium Redox Flow Battery (VRB) Production, Price, Value, Gross Margin and Market Share (2018-2023)
        7.9.5 H2, Inc. Recent Developments/Updates
        7.9.6 H2, Inc. Competitive Strengths & Weaknesses

8 Industry Chain Analysis
    8.1 Vanadium Redox Flow Battery (VRB) Industry Chain
    8.2 Vanadium Redox Flow Battery (VRB) Upstream Analysis
        8.2.1 Vanadium Redox Flow Battery (VRB) Core Raw Materials
        8.2.2 Main Manufacturers of Vanadium Redox Flow Battery (VRB) Core Raw Materials
    8.3 Midstream Analysis
    8.4 Downstream Analysis
    8.5 Vanadium Redox Flow Battery (VRB) Production Mode
    8.6 Vanadium Redox Flow Battery (VRB) Procurement Model
    8.7 Vanadium Redox Flow Battery (VRB) Industry Sales Model and Sales Channels
        8.7.1 Vanadium Redox Flow Battery (VRB) Sales Model
        8.7.2 Vanadium Redox Flow Battery (VRB) Typical Customers

9 Research Findings and Conclusion

10 Appendix
    10.1 Methodology
    10.2 Research Process and Data Source
    10.3 Disclaimer

Table of Figures

List of Tables
    Table 1. World Vanadium Redox Flow Battery (VRB) Production Value by Region (2018, 2022 and 2029) & (USD Million)
    Table 2. World Vanadium Redox Flow Battery (VRB) Production Value by Region (2018-2023) & (USD Million)
    Table 3. World Vanadium Redox Flow Battery (VRB) Production Value by Region (2024-2029) & (USD Million)
    Table 4. World Vanadium Redox Flow Battery (VRB) Production Value Market Share by Region (2018-2023)
    Table 5. World Vanadium Redox Flow Battery (VRB) Production Value Market Share by Region (2024-2029)
    Table 6. World Vanadium Redox Flow Battery (VRB) Production by Region (2018-2023) & (MW)
    Table 7. World Vanadium Redox Flow Battery (VRB) Production by Region (2024-2029) & (MW)
    Table 8. World Vanadium Redox Flow Battery (VRB) Production Market Share by Region (2018-2023)
    Table 9. World Vanadium Redox Flow Battery (VRB) Production Market Share by Region (2024-2029)
    Table 10. World Vanadium Redox Flow Battery (VRB) Average Price by Region (2018-2023) & (USD/KW)
    Table 11. World Vanadium Redox Flow Battery (VRB) Average Price by Region (2024-2029) & (USD/KW)
    Table 12. Vanadium Redox Flow Battery (VRB) Major Market Trends
    Table 13. World Vanadium Redox Flow Battery (VRB) Consumption Growth Rate Forecast by Region (2018 & 2022 & 2029) & (MW)
    Table 14. World Vanadium Redox Flow Battery (VRB) Consumption by Region (2018-2023) & (MW)
    Table 15. World Vanadium Redox Flow Battery (VRB) Consumption Forecast by Region (2024-2029) & (MW)
    Table 16. World Vanadium Redox Flow Battery (VRB) Production Value by Manufacturer (2018-2023) & (USD Million)
    Table 17. Production Value Market Share of Key Vanadium Redox Flow Battery (VRB) Producers in 2022
    Table 18. World Vanadium Redox Flow Battery (VRB) Production by Manufacturer (2018-2023) & (MW)
    Table 19. Production Market Share of Key Vanadium Redox Flow Battery (VRB) Producers in 2022
    Table 20. World Vanadium Redox Flow Battery (VRB) Average Price by Manufacturer (2018-2023) & (USD/KW)
    Table 21. Global Vanadium Redox Flow Battery (VRB) Company Evaluation Quadrant
    Table 22. World Vanadium Redox Flow Battery (VRB) Industry Rank of Major Manufacturers, Based on Production Value in 2022
    Table 23. Head Office and Vanadium Redox Flow Battery (VRB) Production Site of Key Manufacturer
    Table 24. Vanadium Redox Flow Battery (VRB) Market: Company Product Type Footprint
    Table 25. Vanadium Redox Flow Battery (VRB) Market: Company Product Application Footprint
    Table 26. Vanadium Redox Flow Battery (VRB) Competitive Factors
    Table 27. Vanadium Redox Flow Battery (VRB) New Entrant and Capacity Expansion Plans
    Table 28. Vanadium Redox Flow Battery (VRB) Mergers & Acquisitions Activity
    Table 29. United States VS China Vanadium Redox Flow Battery (VRB) Production Value Comparison, (2018 & 2022 & 2029) & (USD Million)
    Table 30. United States VS China Vanadium Redox Flow Battery (VRB) Production Comparison, (2018 & 2022 & 2029) & (MW)
    Table 31. United States VS China Vanadium Redox Flow Battery (VRB) Consumption Comparison, (2018 & 2022 & 2029) & (MW)
    Table 32. United States Based Vanadium Redox Flow Battery (VRB) Manufacturers, Headquarters and Production Site (States, Country)
    Table 33. United States Based Manufacturers Vanadium Redox Flow Battery (VRB) Production Value, (2018-2023) & (USD Million)
    Table 34. United States Based Manufacturers Vanadium Redox Flow Battery (VRB) Production Value Market Share (2018-2023)
    Table 35. United States Based Manufacturers Vanadium Redox Flow Battery (VRB) Production (2018-2023) & (MW)
    Table 36. United States Based Manufacturers Vanadium Redox Flow Battery (VRB) Production Market Share (2018-2023)
    Table 37. China Based Vanadium Redox Flow Battery (VRB) Manufacturers, Headquarters and Production Site (Province, Country)
    Table 38. China Based Manufacturers Vanadium Redox Flow Battery (VRB) Production Value, (2018-2023) & (USD Million)
    Table 39. China Based Manufacturers Vanadium Redox Flow Battery (VRB) Production Value Market Share (2018-2023)
    Table 40. China Based Manufacturers Vanadium Redox Flow Battery (VRB) Production (2018-2023) & (MW)
    Table 41. China Based Manufacturers Vanadium Redox Flow Battery (VRB) Production Market Share (2018-2023)
    Table 42. Rest of World Based Vanadium Redox Flow Battery (VRB) Manufacturers, Headquarters and Production Site (States, Country)
    Table 43. Rest of World Based Manufacturers Vanadium Redox Flow Battery (VRB) Production Value, (2018-2023) & (USD Million)
    Table 44. Rest of World Based Manufacturers Vanadium Redox Flow Battery (VRB) Production Value Market Share (2018-2023)
    Table 45. Rest of World Based Manufacturers Vanadium Redox Flow Battery (VRB) Production (2018-2023) & (MW)
    Table 46. Rest of World Based Manufacturers Vanadium Redox Flow Battery (VRB) Production Market Share (2018-2023)
    Table 47. World Vanadium Redox Flow Battery (VRB) Production Value by Type, (USD Million), 2018 & 2022 & 2029
    Table 48. World Vanadium Redox Flow Battery (VRB) Production by Type (2018-2023) & (MW)
    Table 49. World Vanadium Redox Flow Battery (VRB) Production by Type (2024-2029) & (MW)
    Table 50. World Vanadium Redox Flow Battery (VRB) Production Value by Type (2018-2023) & (USD Million)
    Table 51. World Vanadium Redox Flow Battery (VRB) Production Value by Type (2024-2029) & (USD Million)
    Table 52. World Vanadium Redox Flow Battery (VRB) Average Price by Type (2018-2023) & (USD/KW)
    Table 53. World Vanadium Redox Flow Battery (VRB) Average Price by Type (2024-2029) & (USD/KW)
    Table 54. World Vanadium Redox Flow Battery (VRB) Production Value by Application, (USD Million), 2018 & 2022 & 2029
    Table 55. World Vanadium Redox Flow Battery (VRB) Production by Application (2018-2023) & (MW)
    Table 56. World Vanadium Redox Flow Battery (VRB) Production by Application (2024-2029) & (MW)
    Table 57. World Vanadium Redox Flow Battery (VRB) Production Value by Application (2018-2023) & (USD Million)
    Table 58. World Vanadium Redox Flow Battery (VRB) Production Value by Application (2024-2029) & (USD Million)
    Table 59. World Vanadium Redox Flow Battery (VRB) Average Price by Application (2018-2023) & (USD/KW)
    Table 60. World Vanadium Redox Flow Battery (VRB) Average Price by Application (2024-2029) & (USD/KW)
    Table 61. Sumitomo Electric Industries Basic Information, Manufacturing Base and Competitors
    Table 62. Sumitomo Electric Industries Major Business
    Table 63. Sumitomo Electric Industries Vanadium Redox Flow Battery (VRB) Product and Services
    Table 64. Sumitomo Electric Industries Vanadium Redox Flow Battery (VRB) Production (MW), Price (USD/KW), Production Value (USD Million), Gross Margin and Market Share (2018-2023)
    Table 65. Sumitomo Electric Industries Recent Developments/Updates
    Table 66. Sumitomo Electric Industries Competitive Strengths & Weaknesses
    Table 67. Rongke Power Basic Information, Manufacturing Base and Competitors
    Table 68. Rongke Power Major Business
    Table 69. Rongke Power Vanadium Redox Flow Battery (VRB) Product and Services
    Table 70. Rongke Power Vanadium Redox Flow Battery (VRB) Production (MW), Price (USD/KW), Production Value (USD Million), Gross Margin and Market Share (2018-2023)
    Table 71. Rongke Power Recent Developments/Updates
    Table 72. Rongke Power Competitive Strengths & Weaknesses
    Table 73. UniEnergy Technologies Basic Information, Manufacturing Base and Competitors
    Table 74. UniEnergy Technologies Major Business
    Table 75. UniEnergy Technologies Vanadium Redox Flow Battery (VRB) Product and Services
    Table 76. UniEnergy Technologies Vanadium Redox Flow Battery (VRB) Production (MW), Price (USD/KW), Production Value (USD Million), Gross Margin and Market Share (2018-2023)
    Table 77. UniEnergy Technologies Recent Developments/Updates
    Table 78. UniEnergy Technologies Competitive Strengths & Weaknesses
    Table 79. redT Energy Basic Information, Manufacturing Base and Competitors
    Table 80. redT Energy Major Business
    Table 81. redT Energy Vanadium Redox Flow Battery (VRB) Product and Services
    Table 82. redT Energy Vanadium Redox Flow Battery (VRB) Production (MW), Price (USD/KW), Production Value (USD Million), Gross Margin and Market Share (2018-2023)
    Table 83. redT Energy Recent Developments/Updates
    Table 84. redT Energy Competitive Strengths & Weaknesses
    Table 85. Vionx Energy Basic Information, Manufacturing Base and Competitors
    Table 86. Vionx Energy Major Business
    Table 87. Vionx Energy Vanadium Redox Flow Battery (VRB) Product and Services
    Table 88. Vionx Energy Vanadium Redox Flow Battery (VRB) Production (MW), Price (USD/KW), Production Value (USD Million), Gross Margin and Market Share (2018-2023)
    Table 89. Vionx Energy Recent Developments/Updates
    Table 90. Vionx Energy Competitive Strengths & Weaknesses
    Table 91. Big Pawer Basic Information, Manufacturing Base and Competitors
    Table 92. Big Pawer Major Business
    Table 93. Big Pawer Vanadium Redox Flow Battery (VRB) Product and Services
    Table 94. Big Pawer Vanadium Redox Flow Battery (VRB) Production (MW), Price (USD/KW), Production Value (USD Million), Gross Margin and Market Share (2018-2023)
    Table 95. Big Pawer Recent Developments/Updates
    Table 96. Big Pawer Competitive Strengths & Weaknesses
    Table 97. Australian Vanadium Basic Information, Manufacturing Base and Competitors
    Table 98. Australian Vanadium Major Business
    Table 99. Australian Vanadium Vanadium Redox Flow Battery (VRB) Product and Services
    Table 100. Australian Vanadium Vanadium Redox Flow Battery (VRB) Production (MW), Price (USD/KW), Production Value (USD Million), Gross Margin and Market Share (2018-2023)
    Table 101. Australian Vanadium Recent Developments/Updates
    Table 102. Australian Vanadium Competitive Strengths & Weaknesses
    Table 103. Golden Energy Fuel Cell Basic Information, Manufacturing Base and Competitors
    Table 104. Golden Energy Fuel Cell Major Business
    Table 105. Golden Energy Fuel Cell Vanadium Redox Flow Battery (VRB) Product and Services
    Table 106. Golden Energy Fuel Cell Vanadium Redox Flow Battery (VRB) Production (MW), Price (USD/KW), Production Value (USD Million), Gross Margin and Market Share (2018-2023)
    Table 107. Golden Energy Fuel Cell Recent Developments/Updates
    Table 108. H2, Inc. Basic Information, Manufacturing Base and Competitors
    Table 109. H2, Inc. Major Business
    Table 110. H2, Inc. Vanadium Redox Flow Battery (VRB) Product and Services
    Table 111. H2, Inc. Vanadium Redox Flow Battery (VRB) Production (MW), Price (USD/KW), Production Value (USD Million), Gross Margin and Market Share (2018-2023)
    Table 112. Global Key Players of Vanadium Redox Flow Battery (VRB) Upstream (Raw Materials)
    Table 113. Vanadium Redox Flow Battery (VRB) Typical Customers
    Table 114. Vanadium Redox Flow Battery (VRB) Typical Distributors
List of Figure
    Figure 1. Vanadium Redox Flow Battery (VRB) Picture
    Figure 2. World Vanadium Redox Flow Battery (VRB) Production Value: 2018 & 2022 & 2029, (USD Million)
    Figure 3. World Vanadium Redox Flow Battery (VRB) Production Value and Forecast (2018-2029) & (USD Million)
    Figure 4. World Vanadium Redox Flow Battery (VRB) Production (2018-2029) & (MW)
    Figure 5. World Vanadium Redox Flow Battery (VRB) Average Price (2018-2029) & (USD/KW)
    Figure 6. World Vanadium Redox Flow Battery (VRB) Production Value Market Share by Region (2018-2029)
    Figure 7. World Vanadium Redox Flow Battery (VRB) Production Market Share by Region (2018-2029)
    Figure 8. North America Vanadium Redox Flow Battery (VRB) Production (2018-2029) & (MW)
    Figure 9. Europe Vanadium Redox Flow Battery (VRB) Production (2018-2029) & (MW)
    Figure 10. China Vanadium Redox Flow Battery (VRB) Production (2018-2029) & (MW)
    Figure 11. Japan Vanadium Redox Flow Battery (VRB) Production (2018-2029) & (MW)
    Figure 12. Vanadium Redox Flow Battery (VRB) Market Drivers
    Figure 13. Factors Affecting Demand
    Figure 14. World Vanadium Redox Flow Battery (VRB) Consumption (2018-2029) & (MW)
    Figure 15. World Vanadium Redox Flow Battery (VRB) Consumption Market Share by Region (2018-2029)
    Figure 16. United States Vanadium Redox Flow Battery (VRB) Consumption (2018-2029) & (MW)
    Figure 17. China Vanadium Redox Flow Battery (VRB) Consumption (2018-2029) & (MW)
    Figure 18. Europe Vanadium Redox Flow Battery (VRB) Consumption (2018-2029) & (MW)
    Figure 19. Japan Vanadium Redox Flow Battery (VRB) Consumption (2018-2029) & (MW)
    Figure 20. South Korea Vanadium Redox Flow Battery (VRB) Consumption (2018-2029) & (MW)
    Figure 21. ASEAN Vanadium Redox Flow Battery (VRB) Consumption (2018-2029) & (MW)
    Figure 22. India Vanadium Redox Flow Battery (VRB) Consumption (2018-2029) & (MW)
    Figure 23. Producer Shipments of Vanadium Redox Flow Battery (VRB) by Manufacturer Revenue ($MM) and Market Share (%): 2022
    Figure 24. Global Four-firm Concentration Ratios (CR4) for Vanadium Redox Flow Battery (VRB) Markets in 2022
    Figure 25. Global Four-firm Concentration Ratios (CR8) for Vanadium Redox Flow Battery (VRB) Markets in 2022
    Figure 26. United States VS China: Vanadium Redox Flow Battery (VRB) Production Value Market Share Comparison (2018 & 2022 & 2029)
    Figure 27. United States VS China: Vanadium Redox Flow Battery (VRB) Production Market Share Comparison (2018 & 2022 & 2029)
    Figure 28. United States VS China: Vanadium Redox Flow Battery (VRB) Consumption Market Share Comparison (2018 & 2022 & 2029)
    Figure 29. United States Based Manufacturers Vanadium Redox Flow Battery (VRB) Production Market Share 2022
    Figure 30. China Based Manufacturers Vanadium Redox Flow Battery (VRB) Production Market Share 2022
    Figure 31. Rest of World Based Manufacturers Vanadium Redox Flow Battery (VRB) Production Market Share 2022
    Figure 32. World Vanadium Redox Flow Battery (VRB) Production Value by Type, (USD Million), 2018 & 2022 & 2029
    Figure 33. World Vanadium Redox Flow Battery (VRB) Production Value Market Share by Type in 2022
    Figure 34. Carbon Paper Electrode
    Figure 35. Graphite Felt Electrode
    Figure 36. World Vanadium Redox Flow Battery (VRB) Production Market Share by Type (2018-2029)
    Figure 37. World Vanadium Redox Flow Battery (VRB) Production Value Market Share by Type (2018-2029)
    Figure 38. World Vanadium Redox Flow Battery (VRB) Average Price by Type (2018-2029) & (USD/KW)
    Figure 39. World Vanadium Redox Flow Battery (VRB) Production Value by Application, (USD Million), 2018 & 2022 & 2029
    Figure 40. World Vanadium Redox Flow Battery (VRB) Production Value Market Share by Application in 2022
    Figure 41. Large-Scale Energy Storage
    Figure 42. Uninterruptible Power Supply
    Figure 43. Others
    Figure 44. World Vanadium Redox Flow Battery (VRB) Production Market Share by Application (2018-2029)
    Figure 45. World Vanadium Redox Flow Battery (VRB) Production Value Market Share by Application (2018-2029)
    Figure 46. World Vanadium Redox Flow Battery (VRB) Average Price by Application (2018-2029) & (USD/KW)
    Figure 47. Vanadium Redox Flow Battery (VRB) Industry Chain
    Figure 48. Vanadium Redox Flow Battery (VRB) Procurement Model
    Figure 49. Vanadium Redox Flow Battery (VRB) Sales Model
    Figure 50. Vanadium Redox Flow Battery (VRB) Sales Channels, Direct Sales, and Distribution
    Figure 51. Methodology
    Figure 52. Research Process and Data Source

Research Methodology

Client Requirements

Review and analyze client requirements

Discussion of all the project requirements and queries

Flexibility Check

Project Feasibility Analysis

Finalizing tentative research programme

Structuring project proposal with scope, timeline, and costs

Analyzing Market Dynamics

Determination of key drivers, restraints, challenge, and opportunity

Identifies market needs and trends

Market Size Estimation & Forecast

Estimation of historical data based on secondary and primary data

Anticipating market recast by assigning weightage to market forces (drivers, restraints, opportunities)

Freezing historical and forecast market size estimations based on evolution, trends, outlook, and strategies

Consideration of geography, region-specific product/service demand for region segments

Consideration of product utilization rates, product demand outlook for segments by application or end-user.

Data Source

Secondary Source
Data collections from annual reports, presentations,associations, journals, analyst reports, paid database, press releases, blogs, newsletters,and GIR repositories.

Primary Source
Research discussion with manufacturers, distributors, suppliers, end user, industry experts to verify insights.

Validation and
triangulation of
secondary and primary source.

Collection of data

Cumulating and collating the essential qualitative and quantitative data

Generation of report in client requested format by research analysts

Reviews by expert analysts

Final quality check

Clarifying queries

Receiving feedback

Ensuring satisfaction

01 Identification of data

This step involves identification of several primary and secondary data research sources, including Global Info Research's internal data sources. The primary sources consist of in-depth discussions and interviews with policy makers, industry experts, and data evaluators, whereas secondary sources include a thorough study of market journals, press releases, annual reports, and government and non-government agencies websites.
02 Evaluation of Market Dynamic

This phase includes a detailed evaluation of several factors that are likely to affect the market dynamics. It involves a comprehensive assessment of major market pain points, drivers, and trends. It also comprises a detailed study of research plans and methodology.
03 Collection of Data

This process consists of gathering data, accessing proprietary databases, and reaching out to key industry participants that operate in the market across the value chain. It also involves studying several patterns in the historical data and comparing it with the current scenario.
04 Collaboration of Data

This stage involves the validation of data and arrival at actual statistics, and evolution of the market over the years. It entails the study and analyzes various segments and verticals of the market. An impact analysis is also performed to observe which factors will affect the market in the next few years.
05 Verification and Analysis

This is the final stage, which involves both quantity and quality checks. Although the process of data verification is an integral part of the research process, all data points and statistics and figures are re-checked to uphold their authenticity and validity.

Related Reports

Global Vanadium Redox Flow Battery (VRB) Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Vanadium Redox Flow Battery (VRB) Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

date 02 Jan 2024

date Energy & Power

According to our (Global Info Research) latest study, the global Vanadium Redox Flow Battery (VRB) market size was valued at USD 202.5 million in 2023 and is forecast to a readjusted size of USD 350 million by 2030 with a CAGR of 8.1% during review period.

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