Vanadium redox flow batteries (VRBs) are one of the most practical candidates for large-scale energy storage. Its electrolyte as one key component can intensively influence its electrochemical performance. The electrolytes are solutions containing vanadium ions.
Vanadium Redox Battery Electrolyte Market contains market size and forecasts of Vanadium Redox Battery Electrolyte in global, including the following market information:
- Global Vanadium Redox Battery Electrolyte Market Revenue, 2017-2022, 2023-2028, ($ millions)
- Global Vanadium Redox Battery Electrolyte Market Sales, 2017-2022, 2023-2028, (MT)
Global top five Vanadium Redox Battery Electrolyte companies in 2021 (%)
The global Vanadium Redox Battery Electrolyte market was valued at 24 million in 2021 and is projected to reach US$ 117.8 million by 2028, at a CAGR of 25.4% during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Mixed Heating Method Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Vanadium Redox Battery Electrolyte include LE SYSTEM, US Vanadium, Shaanxi Youser Group, Dalian Rongke, Dovop Electric, VRB Energy, Sumitomo Electric Industries, Australian Vanadium Limited (AVL) and Invinity Energy Systems, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Vanadium Redox Battery Electrolyte manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Vanadium Redox Battery Electrolyte Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Vanadium Redox Battery Electrolyte Market Segment Percentages, by Type, 2021 (%)
- Mixed Heating Method
- Electrolysis Method
Global Vanadium Redox Battery Electrolyte Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Vanadium Redox Battery Electrolyte Market Segment Percentages, by Application, 2021 (%)
- Large-Scale Energy Storage
- Uninterruptible Power Supply
- Others
Global Vanadium Redox Battery Electrolyte Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Vanadium Redox Battery Electrolyte Market Segment Percentages, By Region and Country, 2021 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Vanadium Redox Battery Electrolyte revenues in global market, 2017-2022 (Estimated), ($ millions)
- Key companies Vanadium Redox Battery Electrolyte revenues share in global market, 2021 (%)
- Key companies Vanadium Redox Battery Electrolyte sales in global market, 2017-2022 (Estimated), (MT)
- Key companies Vanadium Redox Battery Electrolyte sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
- LE SYSTEM
- US Vanadium
- Shaanxi Youser Group
- Dalian Rongke
- Dovop Electric
- VRB Energy
- Sumitomo Electric Industries
- Australian Vanadium Limited (AVL)
- Invinity Energy Systems
- Nari Group
- Shanghai Electric Group
Industry Market Size
