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Vanadium Electrolyte Market

Publisher Coherent Market Insights
Published Jul 12, 2023
Length 140 Pages
SKU # CMI18107888

Description

Vanadium Electrolyte Market, By Application (Energy Storage Systems (ESS), Industrial Applications), By End-User Industry (Renewable Energy, Utilities, Manufacturing), By Vanadium Electrolyte Type (Vanadium Pentoxide (V5+), Mixed Valence (V4+/V5+), Modified Electrolytes), By Sales Channel (Direct Sales, Distributors), and By Geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030


Vanadium electrolyte is a critical component of vanadium redox flow batteries (VRFBs), an emerging energy storing technology. VRFBs offer unique advantages in terms of scalability, durability, and efficiency, making them well suited for application such as grid scale energy storage. Vanadium electrolyte serves as the energy carrier in VRFBs, storing and releasing electrical energy through redox reaction between vanadium ions in different oxidation states. Its ability to reversibly convert between states allows for efficient energy storage retrieval.

Market Dynamics:

Growing demand for energy storage, favorable characteristics of vanadium electrolyte is anticipated to drive growth of the global vanadium electrolyte market over the forecast period. Moreover, supportive government policies, increasing investments in energy storage projects is also expected to boost the growth of the global vanadium electrolyte market over the forecast period. Increasing deployment of renewable energy, grid modernization and resilience, microgrid and off-grid applications, industrial and commercial applications are expected to create growth opportunities for the global vanadium electrolyte market during the forecast period.

However, high upfront costs, limited energy density, supply chain and resource availability, limited market awareness and familiarity are expected to hamper growth of the vanadium electrolyte market over the forecast period.

Key features of the study:
  • This report provides in-depth analysis of the global Vanadium electrolyte market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2023–2030), considering 2022 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global Vanadium electrolyte market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include VanadiumCorp Resource Inc., Bushveld Minerals Limited, HighVeld Steel and Vanadium Corporation Ltd., Largo Resources Ltd., American Vanadium Corp., Sumitomo Electric Industries Ltd., Prudent Energy Inc., Vanchem Vanadium Products (Pty) Ltd., Pu Neng Energy, CellCube Energy Storage Systems Inc.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global Vanadium electrolyte market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global Vanadium electrolyte market
Detailed Segmentation:
  • Global Vanadium Electrolyte Market, By Application:
  • Energy Storage Systems (ESS)
  • Industrial Applications
  • Global Vanadium Electrolyte Market, By End User Industry:
  • Renewable Energy
  • Utilities
  • Manufacturing
  • Global Vanadium Electrolyte Market, By Vanadium Electrolyte Type:
  • Vanadium Pentoxide (V5+)
  • Mixed Valence (V4+/V5+)
  • Modified Electrolytes
  • Global Vanadium Electrolyte Market, By Sales Channel:
  • Direct Sales
  • Distributors
  • Global Vanadium Electrolyte Market, By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Company Profiles:
  • VanadiumCorp Resource Inc.
  • Bushveld Minerals Limited
  • HighVeld Steel and Vanadium Corporation Ltd.
  • Largo Resources Ltd.
  • American Vanadium Corp.
  • Sumitomo Electric Industries Ltd.
  • Prudent Energy Inc.
  • Vanchem Vanadium Products (Pty) Ltd.
  • Pu Neng Energy
  • CellCube Energy Storage Systems Inc.

Table of Contents

140 Pages
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snapshot, By Application
Market Snapshot, By End User Industry
Market Snapshot, By Vanadium Electrolyte Type
Market Snapshot, By Sales Channel
Market Snapshot, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Growing demand for energy storage
Favorable characteristics of vanadium electrolyte
Supportive government policies
Restraints
Limited energy density
Supply chain and resource availability
Limited market awareness and familiarity
Opportunities
Grid modernization and resilience
Microgrid and off-grid applications
Industrial and commercial applications
Impact Analysis
Key Highlights
Regulatory Scenario
Product launch/Approvals
PEST Analysis
PORTER’s Analysis
Merger and Acquisition Scenario
4. Global Vanadium Electrolyte Market – Impact of Coronavirus (COVID-19) Pandemic
COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact
5. Global Vanadium Electrolyte Market , By Application, 2023-2030, (US$ Mn)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2018 – 2030
Segment Trends
Energy Storage Systems (ESS)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Mn)
Industrial Applications
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Mn)
6. Global Vanadium Electrolyte Market , By End User Industry, 2023-2030, (US$ Mn)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2018 – 2030
Segment Trends
Renewable Energy
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Million)
Utilities
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Million)
Manufacturing
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Million)
7. Global Vanadium Electrolyte Market, By Vanadium Electrolyte Type, 2023-2030, (US$ Mn)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2018 – 2030
Segment Trends
Vanadium Pentoxide (V5+)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Million)
Mixed Valence (V4+/V5+)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Million)
Modified Electrolytes
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Million)
8. Global Vanadium Electrolyte Market, By Sales Channel, 2023-2030, (US$ Mn)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2018 – 2030
Segment Trends
Direct Sales
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Million)
Distributors
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Million)
9. Vanadium Electrolyte Market , By Region, 2023-2030, (US$ Mn)
Introduction
Market Share Analysis, By Country, 2023 and 2030 (%)
Y-o-Y Growth Analysis, For Country 2018 –2030
Country Trends
North America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Application , 2023-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By End User Industry , 2023-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Vanadium Electrolyte Type , 2023-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Sales Channel , 2023-2030,(US$ Mn)
Europe
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Application , 2023-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By End User Industry , 2023-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Vanadium Electrolyte Type , 2023-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Sales Channel , 2023-2030,(US$ Mn)
Asia Pacific
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Application , 2023-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By End User Industry , 2023-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Vanadium Electrolyte Type , 2023-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Sales Channel , 2023-2030,(US$ Mn)
Latin America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Application , 2023-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By End User Industry , 2023-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Vanadium Electrolyte Type , 2023-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Sales Channel , 2023-2030,(US$ Mn)
10. Competitive Landscape
VanadiumCorp Resource Inc.
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Bushveld Minerals Limited
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
HighVeld Steel and Vanadium Corporation Ltd.
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Largo Resources Ltd.
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
American Vanadium Corp.
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Sumitomo Electric Industries Ltd.
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Prudent Energy Inc.
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Vanchem Vanadium Products (Pty) Ltd.
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Pu Neng Energy
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
CellCube Energy Storage Systems Inc.
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Analyst Views
11. Section
Research Methodology
About us
*Browse 24 market data tables and 28 figures on "Vanadium Electrolyte Market” - Global forecast to 2030

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