Market Overview:
The global energy storage vanadium redox battery market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for renewable energy sources and the need for grid stabilization. In terms of type, the carbon paper electrode segment is expected to hold a major share of the market during the forecast period. This can be attributed to its high capacity and long life cycle. In terms of application, utility facilities are expected to hold a major share of the market during the forecast period. This can be attributed to rising demand for electricity from utilities across regions.
Product Definition:
The energy storage vanadium redox battery is a type of rechargeable battery that uses vanadium ions in different oxidation states to store electrical energy. It has a higher capacity than most other types of rechargeable batteries, making it ideal for large-scale energy storage applications.
Carbon Paper Electrode:
Carbon Paper Electrode Market Size, Share & Trends Analysis Report By Application (Power Generation, Electric Vehicles), By Region (North America, Europe), And Segment Forecasts, 2020 - 2027 -> The global carbon paper electrode market size was valued at USD 6.5 million in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 5.7% from 2020 to 2027.
Graphite Felt Electrode:
A graphite felt electrode is a type of anode used in lithium-ion batteries. It has high surface area and low carbon content, which enables it to deliver excellent performance in a wide range of applications including consumer electronics, electric vehicles, power tools etc. The growing demand for rechargeable batteries owing to their cost-effectiveness and eco-friendly nature will boost the market growth over the forecast period.
Application Insights:
The utility facilities segment accounted for the largest revenue share in 2017 and is projected to continue leading over the forecast period. This is attributed to growing demand from commercial and industrial users, such as hospitals, hotels, shopping malls and airports. The renewable energy integration segment is also expected to witness significant growth over the next six years owing to rising investments in various countries across the Asia Pacific region.
Micro-grid are small power systems that can serve as a reliable backup source of electricity in households or small businesses. These systems use batteries for grid stabilizing services due largely to their ability provide load-leveling support during peak hours without affecting system costs much more than conventional fossil fuel power plants do.
Regional Analysis:
Asia Pacific region accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The presence of key players, availability of raw materials, low labor costs and rapid growth in end-use industries are some major factors driving regional market growth.
China emerged as a prominent consumer owing to increasing investments in renewable energy sources along with rising electricity demand from industrial sector. In addition, favorable government policies such as Feed-I-Tariffs (FIT) scheme implemented by China Energy Group were also encouraging power producers to generate electricity through renewable energy resources which resulted into increased vanadium redox battery production capacity in China during 2016 - 2017 period.
North America region is anticipated to witness significant growth over the forecast period owing to growing adoption of electric vehicles along with stringent regulations regarding carbon emissions associated with fuel combustion engines used for transportation purposes.
Growth Factors:
- Increasing demand for energy storage systems from the utility sector to store renewable energy
- Favorable government policies and regulations for the deployment of energy storage systems
- Growing demand from commercial and industrial sectors for reliable and efficient backup power solutions
- Technological advancements in vanadium redox battery technology
- Reduction in costs of energy storage systems due to economies of scale
Scope Of The Report
Report Attributes
Report Details
Report Title
Energy Storage Vanadium Redox Battery Market Research Report
By Type
Carbon Paper Electrode, Graphite Felt Electrode
By Application
Utility Facilities, Renewable Energy Integration, Micro-grid, Energy Storage at Users' Side
By Companies
Sumitomo Electric, Dalian Rongke Power, UniEnergy Technologies, Gildemeister, redTENERGY Storage, Vionx Energy, Big Pawer, Australian Vanadium, Sumitomo Electric
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
194
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Energy Storage Vanadium Redox Battery Market Report Segments:
The global Energy Storage Vanadium Redox Battery market is segmented on the basis of:
Types
Carbon Paper Electrode, Graphite Felt Electrode
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Utility Facilities, Renewable Energy Integration, Micro-grid, Energy Storage at Users' Side
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Sumitomo Electric
- Dalian Rongke Power
- UniEnergy Technologies
- Gildemeister
- redTENERGY Storage
- Vionx Energy
- Big Pawer
- Australian Vanadium
- Sumitomo Electric
Highlights of The Energy Storage Vanadium Redox Battery Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Carbon Paper Electrode
- Graphite Felt Electrode
- By Application:
- Utility Facilities
- Renewable Energy Integration
- Micro-grid
- Energy Storage at Users' Side
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Energy Storage Vanadium Redox Battery Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An energy storage vanadium redox battery is a type of rechargeable battery that uses vanadium as an active material. Vanadium is a metal that has the ability to store energy, and it can be used in batteries to help increase the overall power capacity.
Some of the major players in the energy storage vanadium redox battery market are Sumitomo Electric, Dalian Rongke Power, UniEnergy Technologies, Gildemeister, redTENERGY Storage, Vionx Energy, Big Pawer, Australian Vanadium, Sumitomo Electric.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Energy Storage Vanadium Redox Battery Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Energy Storage Vanadium Redox Battery Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Energy Storage Vanadium Redox Battery Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Energy Storage Vanadium Redox Battery Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Energy Storage Vanadium Redox Battery Market Size & Forecast, 2018-2028
4.5.1 Energy Storage Vanadium Redox Battery Market Size and Y-o-Y Growth
4.5.2 Energy Storage Vanadium Redox Battery Market Absolute $ Opportunity
Chapter 5 Global Energy Storage Vanadium Redox Battery Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Energy Storage Vanadium Redox Battery Market Size Forecast by Type
5.2.1 Carbon Paper Electrode
5.2.2 Graphite Felt Electrode
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Energy Storage Vanadium Redox Battery Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Energy Storage Vanadium Redox Battery Market Size Forecast by Applications
6.2.1 Utility Facilities
6.2.2 Renewable Energy Integration
6.2.3 Micro-grid
6.2.4 Energy Storage at Users' Side
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Energy Storage Vanadium Redox Battery Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Energy Storage Vanadium Redox Battery Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Energy Storage Vanadium Redox Battery Analysis and Forecast
9.1 Introduction
9.2 North America Energy Storage Vanadium Redox Battery Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Energy Storage Vanadium Redox Battery Market Size Forecast by Type
9.6.1 Carbon Paper Electrode
9.6.2 Graphite Felt Electrode
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Energy Storage Vanadium Redox Battery Market Size Forecast by Applications
9.10.1 Utility Facilities
9.10.2 Renewable Energy Integration
9.10.3 Micro-grid
9.10.4 Energy Storage at Users' Side
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Energy Storage Vanadium Redox Battery Analysis and Forecast
10.1 Introduction
10.2 Europe Energy Storage Vanadium Redox Battery Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Energy Storage Vanadium Redox Battery Market Size Forecast by Type
10.6.1 Carbon Paper Electrode
10.6.2 Graphite Felt Electrode
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Energy Storage Vanadium Redox Battery Market Size Forecast by Applications
10.10.1 Utility Facilities
10.10.2 Renewable Energy Integration
10.10.3 Micro-grid
10.10.4 Energy Storage at Users' Side
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Energy Storage Vanadium Redox Battery Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Energy Storage Vanadium Redox Battery Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Energy Storage Vanadium Redox Battery Market Size Forecast by Type
11.6.1 Carbon Paper Electrode
11.6.2 Graphite Felt Electrode
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Energy Storage Vanadium Redox Battery Market Size Forecast by Applications
11.10.1 Utility Facilities
11.10.2 Renewable Energy Integration
11.10.3 Micro-grid
11.10.4 Energy Storage at Users' Side
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Energy Storage Vanadium Redox Battery Analysis and Forecast
12.1 Introduction
12.2 Latin America Energy Storage Vanadium Redox Battery Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Energy Storage Vanadium Redox Battery Market Size Forecast by Type
12.6.1 Carbon Paper Electrode
12.6.2 Graphite Felt Electrode
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Energy Storage Vanadium Redox Battery Market Size Forecast by Applications
12.10.1 Utility Facilities
12.10.2 Renewable Energy Integration
12.10.3 Micro-grid
12.10.4 Energy Storage at Users' Side
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Energy Storage Vanadium Redox Battery Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Energy Storage Vanadium Redox Battery Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Energy Storage Vanadium Redox Battery Market Size Forecast by Type
13.6.1 Carbon Paper Electrode
13.6.2 Graphite Felt Electrode
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Energy Storage Vanadium Redox Battery Market Size Forecast by Applications
13.10.1 Utility Facilities
13.10.2 Renewable Energy Integration
13.10.3 Micro-grid
13.10.4 Energy Storage at Users' Side
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Energy Storage Vanadium Redox Battery Market: Competitive Dashboard
14.2 Global Energy Storage Vanadium Redox Battery Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sumitomo Electric
14.3.2 Dalian Rongke Power
14.3.3 UniEnergy Technologies
14.3.4 Gildemeister
14.3.5 redTENERGY Storage
14.3.6 Vionx Energy
14.3.7 Big Pawer
14.3.8 Australian Vanadium
14.3.9 Sumitomo Electric
