Global Vanadium Redox Battery Market Report 2023: Intermittent Nature of Renewable Energy Favors Market Adoption

Dublin, March 21, 2023 (GLOBE NEWSWIRE) -- The "Vanadium Redox Battery: Global Strategic Business Report" report has been added to's offering.

The global market for Vanadium Redox Battery estimated at US$237.5 Million in the year 2022, is projected to reach a revised size of US$1.3 Billion by 2030, growing at a CAGR of 24.1% over the analysis period 2022-2030.

Graphite Felt Electrodes, one of the segments analyzed in the report, is projected to record 24.7% CAGR and reach US$1 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the CARBON PAPER ELECTRODES segment is readjusted to a revised 22.4% CAGR for the next 8-year period.

The U.S. Market is Estimated at $52 Million, While China is Forecast to Grow at 29.1% CAGR

The Vanadium Redox Battery market in the U.S. is estimated at US$52 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$221 Million by the year 2030 trailing a CAGR of 29.1% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 21.5% and 22.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 22.3% CAGR.

Select Competitors (Total 26 Featured) -

  • Big Pawer Electrical Technology Xiangyang Inc. Co., Ltd.
  • CellCube Energy Storage Systems Inc.
  • Dalian Rongke Power Co., Ltd.
  • H2, Inc.
  • HydraRedox Iberia S.L.
  • Invinity Energy Systems PLC
  • LE SYSTEM CO., Ltd.
  • Pinflow energy storage, s.r.o.
  • StorEn Technologies Inc.
  • Storion Energy
  • Sumitomo Electric Industries, Ltd.
  • UniEnergy Technologies LLC
  • VisBlue A/S
  • VoltStorage GmbH
  • VRB Energy

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Key Attributes:

Report AttributeDetails
No. of Pages197
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$237.5 Million
Forecasted Market Value (USD) by 2030$1300 Million
Compound Annual Growth Rate23.7%
Regions CoveredGlobal

Key Topics Covered:




  • Influencer Market Insights
  • World Market Trajectories
  • Impact of COVID-19 and a Looming Global Recession
  • Global Reduction in CAPEX (in %) by Industry for FY2020
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
  • Global PMI Index Points for the Years 2018, 2019 & 2020
  • COVID-19 Crisis Underlines the Need for Sustainable Development
  • A World in the Midst of a Pandemic Throws Energy Demand into Crisis & Leaves Energy Investments in Shambles: Percentage Share of Energy Use Impacted by Lockdowns
  • COVID-19 Pandemic Impacts Vanadium Redox Battery Market
  • Global Investments in Clean Energy & Efficiency Technologies (In US$ Billion) for the Years 2018, 2019 & 2020
  • An Introduction to Vanadium Redox Batteries
  • Global Reserves of Vanadium in Thousand Metric Tons by Major Countries: (2019)
  • Total Electrical Energy Stored Over Lifetime of Storage Technology
  • Key Components & Operating Principle of Vanadium Redox Batteries
  • Advantages and Benefits
  • Easy Recyclability
  • Other Major Redox Flow Batteries
  • Vanadium Redox Battery (VRB): Market Overview and Outlook
  • World Vanadium Redox Battery Market by Type (2020 & 2027): Percentage Breakdown of Sales for Graphite Felt Electrodes, and Carbon Paper Electrodes
  • World Vanadium Redox Battery Market by End-Use (2020 & 2027): Percentage Breakdown of Sales for Large-Scale Energy Storage, Uninterruptible Power Supply (UPS), and Emergency Power Supply
  • Recent Market Activity
  • Select Innovations & Advancements by Market Participants
  • Regional Analysis
  • World Vanadium Redox Battery Market by Region (2020 & 2027): Percentage Breakdown of Sales for Developed and Developing Regions
  • World Vanadium Redox Battery Market - Geographic Regions Ranked by CAGR (Sales) for 2020-2027: China, Asia-Pacific, Rest of World, USA, Canada, Europe, and Japan
  • Vanadium Redox Battery - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)



  • Vanadium Flow Batteries: Unveiling the Much Needed Energy Storage Breakthrough
  • Development in Electric Cars to Generate Demand
  • UPS: Major Consumer of Vanadium Redox Batteries
  • World Uninterruptible Power Supply (UPS) Systems Market in US$ Million for Years 2018, 2020 and 2025
  • Rental Model Seeks to Improve Project Economics
  • Military Microgrids: A Niche Application Segment
  • Vanadium Redox Flow Batteries Benefit Energy-Deprived Areas
  • Intermittent Nature of Renewable Energy Favors Market Adoption
  • Targets for Electricity Production from Renewable Energy Sources Worldwide by Country
  • Global Wind and Solar Installed Capacity (GW) for the Years 2011, 2017, 2020 and 2022
  • Grid Modernization Programs Emphasize Grid Connected Energy Storage
  • Global Investments in Electricity Networks and Storage (In US$ Billion): 2000, 2008, 2012, 2016, and 2019
  • Grid Reliability Assurances Promote Uptake
  • Strong Smart City Investments to Fuel Large-Scale Adoption
  • Number of Smart Cities Worldwide by Geographic Region (2025)
  • Smart Grids Elevate Market Prospects
  • Global Spend on Smart Grid Technologies by Region (2014, 2017 & 2020): Percentage Breakdown of Cumulative Spending for Asia-Pacific (incl. China), Europe, Latin America, and North America
  • Global Market for Smart Grids in US$ Billion) for the Years 2018 and 2020
  • Established Image of Lithium-ion Batteries Dampens Market Momentum
  • Organic Mega Flow Battery: A Low-Cost Alternative




For more information about this report visit

About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.


Global Market for Vanadium Redox Battery

Contact Data