ABSTRACT
About Vanadium Redox Battery
Vanadium redox battery is a secondary battery that uses liquid electrolyte instead of electrolyte plates for storing energy. These batteries are used in energy storage systems as a replacement for standard batteries such as lead-acid and lithium-ion (Li-ion) batteries. These batteries provide a minimum of 25 years of service without any maintenance, which gives vanadium redox batteries an edge over other battery technologies.
Technavio’s analysts forecast the global vanadium redox battery market to grow at a CAGR of 8.5% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global vanadium redox battery market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global Vanadium Redox Battery Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• GILDEMEISTER energy solutions
• redT energy
• UniEnergy Technologies
• VanadiumCorp Resource
• Vionx Energy
Other prominent vendors
• Australian Vanadium
• Bushveld Energy
• Cellennium (Thailand)
• Prudent Energy
• Redflow
• Sparton Resources
• Sumitomo Electric Industries
Market driver
• Growing demand for power backup solutions.
• For a full, detailed list, view our report
Market challenge
• Technical challenges related to vanadium redox batteries.
• For a full, detailed list, view our report
Market trend
• Increasing applications of vanadium redox batteries.
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
• Key market highlights
PART 05: Market landscape
• Market overview
• Market size and forecast
• Five forces analysis
PART 06: Market segmentation by application
• Global vanadium redox battery market by application
• Global vanadium redox battery market by renewable solutions segment
• Global redox vanadium battery market by others segment
PART 07: Geographical segmentation
• Global vanadium redox battery market by geography
• Vanadium redox battery market in Americas
• Vanadium redox battery market in EMEA
• Vanadium redox battery market in APAC
PART 08: Decision framework
PART 09: Drivers and challenges
• Market drivers
• Impact of drivers on key customer segments
• Market challenges
• Impact of challenges on key customer segments
PART 10: Market trends
• Increasing investments in renewable energy
• Rise in telecom installations in rural areas
• Growing need for electrification
• Increasing applications of vanadium redox batteries
PART 11: Vendor landscape
• Competitive landscape
• Other prominent vendors
PART 12: Key vendor analysis
• GILDEMEISTER energy solutions
• redT energy
• UniEnergy Technologies
• VanadiumCorp Resource
• Vionx Energy
PART 13: Appendix
• List of abbreviations
List of Exhibits
Exhibit 01: Comparison between Li-ion and vanadium redox batteries
Exhibit 02: Schematic diagram of vanadium redox battery
Exhibit 03: Flow diagram of vanadium redox battery
Exhibit 04: Segmentation of global vanadium redox battery market
Exhibit 05: Global vanadium redox battery market 2016-2021 ($ millions)
Exhibit 06: Five forces analysis
Exhibit 07: Global vanadium redox battery market by application 2016-2021 (%)
Exhibit 08: Global vanadium redox battery market by application 2016-2021 ($ millions)
Exhibit 09: Global vanadium redox battery market by renewable solutions 2016-2021 ($ millions)
Exhibit 10: Solar and wind power integrated with vanadium redox battery system diagram
Exhibit 11: Global vanadium redox battery market by others segment 2016-2021 ($ millions)
Exhibit 12: Global vanadium redox battery market by geography for 2016-2021 (%)
Exhibit 13: Global vanadium redox battery market by geographical segmentation 2016-2021 ($ millions)
Exhibit 14: Vanadium redox battery market in Americas 2016-2021 ($ millions)
Exhibit 15: Vanadium redox battery market in EMEA 2016-2021 ($ millions)
Exhibit 16: Vanadium redox battery market in APAC 2016-2021 ($ millions)
Exhibit 17: Share of fossil fuels in the global energy mix 2014 and 2035
Exhibit 18: Impact of drivers
Exhibit 19: Efficiency of various advanced storage systems
Exhibit 20: Impact of challenges
Exhibit 21: Global electrification rate
Exhibit 22: Other prominent vendors: vanadium redox battery manufacturers
Exhibit 23: GILDEMEISTER: Key Products
Exhibit 24: GILDEMEISTER: Key news
Exhibit 25: redT energy: Key products
Exhibit 26: redT energy: Key news
Exhibit 27: UniEnergy Technologies: Key products
Exhibit 28: UniEnergy Technologies: Key news
Exhibit 29: VanadiumCorp Resource: Key products
Exhibit 30: VanadiumCorp Resource: Key news
Exhibit 31: Vionx Energy: Key products
Exhibit 32: Vionx Energy: Key news
