Ion Exchange Membrane of All-Vanadium Redox Flow Battery Market

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 electroactive element instead of two.

As the schematic shown in Fig, a vanadium redox-flow battery has two chambers, a positive chamber and a negative chamber, separated by an ion-exchange membrane. These two chambers are circulated with electrolytes containing active species of vanadium in different valence states, VO2+/VO2+ in the positive electrolyte and V2+/V3+ in the negative electrolyte. During discharge process, VO2+ is reduced to VO2+ at the positive electrode and V2+ is oxidized to V3+ at the negative electrode, as shown in Equation(1) and (2). The reactions proceed in the opposite direction during charge process. The active species are normally dissolved in a strong acid, and the protons transport across the ion-exchange membrane to balance the charge.
Ion Exchange Membrane of All-Vanadium Redox Flow Battery Market aims to provide a comprehensive presentation of the global market for Ion Exchange Membrane of All-Vanadium Redox Flow Battery, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Ion Exchange Membrane of All-Vanadium Redox Flow Battery. Ion Exchange Membrane of All-Vanadium Redox Flow Battery Market contains market size and forecasts of Ion Exchange Membrane of All-Vanadium Redox Flow Battery in global, including the following market information:
Global Ion Exchange Membrane of All-Vanadium Redox Flow Battery Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Ion Exchange Membrane of All-Vanadium Redox Flow Battery Market Sales, 2018-2023, 2024-2029, (Sqm)
Global top five Ion Exchange Membrane of All-Vanadium Redox Flow Battery companies in 2022 (%)
The global Ion Exchange Membrane of All-Vanadium Redox Flow Battery market was valued at US$ 22 million in 2022 and is projected to reach US$ 70 million by 2029, at a CAGR of 18.2% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global Ion Exchange Membrane of All-Vanadium Redox Flow Battery key players include Chemours (DuPont), etc. Global top one players hold a share about 90%.
North America is the largest market, with a share about 90%, followed by China and Europe, having a total share about 5 percent.
In terms of product, Full-fluorinion Ion Exchange Membrane is the largest segment, with a share about 60%. And in terms of application, the largest application is Large-Scale Energy Storage, followed by Industrial Grid Adjustment and Management, etc.
We surveyed the Ion Exchange Membrane of All-Vanadium Redox Flow Battery 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 Ion Exchange Membrane of All-Vanadium Redox Flow Battery Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (Sqm)
Global Ion Exchange Membrane of All-Vanadium Redox Flow Battery Market Segment Percentages, by Type, 2022 (%)
Full-fluorinion Ion Exchange Membrane
Non-fluorinion Ion Exchange Membrane
Others
Global Ion Exchange Membrane of All-Vanadium Redox Flow Battery Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (Sqm)
Global Ion Exchange Membrane of All-Vanadium Redox Flow Battery Market Segment Percentages, by Application, 2022 (%)
Large-Scale Energy Storage
Industrial Grid Adjustment and Management
Others
Global Ion Exchange Membrane of All-Vanadium Redox Flow Battery Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (Sqm)
Global Ion Exchange Membrane of All-Vanadium Redox Flow Battery Market Segment Percentages, By Region and Country, 2022 (%)
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 Ion Exchange Membrane of All-Vanadium Redox Flow Battery revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Ion Exchange Membrane of All-Vanadium Redox Flow Battery revenues share in global market, 2022 (%)
Key companies Ion Exchange Membrane of All-Vanadium Redox Flow Battery sales in global market, 2018-2023 (Estimated), (Sqm)
Key companies Ion Exchange Membrane of All-Vanadium Redox Flow Battery sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Chemours Company
FuMa-Tech
Golden Energy Fuel Cell
Dalian Institute of Chemical Physics
Outline of Major Chapters:
Chapter 1: Introduces the definition of Ion Exchange Membrane of All-Vanadium Redox Flow Battery, market overview.
Chapter 2: Global Ion Exchange Membrane of All-Vanadium Redox Flow Battery market size in revenue and volume.
Chapter 3: Detailed analysis of Ion Exchange Membrane of All-Vanadium Redox Flow Battery manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Ion Exchange Membrane of All-Vanadium Redox Flow Battery in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Ion Exchange Membrane of All-Vanadium Redox Flow Battery capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.