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Vanadium Redox Battery - Global Market Trajectory & Analytics

  • ID: 5140564
  • Report
  • September 2020
  • Region: Global
  • 133 pages
  • Global Industry Analysts, Inc
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Global Vanadium Redox Battery Market to Reach US$4.8 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Vanadium Redox Battery estimated at US$234.9 Million in the year 2020, is projected to reach a revised size of US$4.8 Billion by 2027, growing at a CAGR of 54% over the analysis period 2020-2027. Large-Scale Energy Storage, one of the segments analyzed in the report, is projected to grow at a 52% CAGR to reach US$3.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Uninterruptible Power Supply (UPS) segment is readjusted to a revised 63.7% CAGR for the next 7-year period. This segment currently accounts for a 12.2% share of the global Vanadium Redox Battery market.

The U. S. Accounts for Over 30.5% of Global Market Size in 2020, While China is Forecast to Grow at a 51.4% CAGR for the Period of 2020-2027

The Vanadium Redox Battery market in the U. S. is estimated at US$71.5 Million in the year 2020. The country currently accounts for a 30.45% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$766.9 Million in the year 2027 trailing a CAGR of 51.4% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 48% and 45.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 36.2% CAGR while Rest of European market (as defined in the study) will reach US$766.9 Million by the year 2027.

Emergency Power Supply Segment Corners a 5.8% Share in 2020

In the global Emergency Power Supply segment, USA, Canada, Japan, China and Europe will drive the 56.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$10.9 Million in the year 2020 will reach a projected size of US$246.6 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$599.2 Million by the year 2027. We bring years of research experience to this 9th edition of our report. The 133-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:
  • Bushveld Energy
  • Cellennium (Thailand) Company Limited
  • GILDEMEISTER Energy Solutions GmbH
  • Redflow Ltd.
  • RedT Energy PLC
  • Sumitomo Electric Industries Ltd.
  • UniEnergy Technologies LLC (UET)
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Impact of Covid-19 and a Looming Global Recession
  • Global Competitor Market Shares
  • Vanadium Redox Battery Competitor Market Share Scenario Worldwide (in %): 2018E
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Current & Future Analysis for Vanadium Redox Battery by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2018 through 2027
  • TABLE 2: World Historic Review for Vanadium Redox Battery by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017
  • TABLE 3: World 15-Year Perspective for Vanadium Redox Battery by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2012, 2018 & 2027
  • TABLE 4: World Current & Future Analysis for Large-Scale Energy Storage by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2018 through 2027
  • TABLE 5: World Historic Review for Large-Scale Energy Storage by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017
  • TABLE 6: World 15-Year Perspective for Large-Scale Energy Storage by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2018 & 2027
  • TABLE 7: World Current & Future Analysis for Uninterruptible Power Supply (UPS) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2018 through 2027
  • TABLE 8: World Historic Review for Uninterruptible Power Supply (UPS) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017
  • TABLE 9: World 15-Year Perspective for Uninterruptible Power Supply (UPS) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2018 & 2027
  • TABLE 10: World Current & Future Analysis for Emergency Power Supply by GeographicRegion - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2018 through 2027
  • TABLE 11: World Historic Review for Emergency Power Supply by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017
  • TABLE 12: World 15-Year Perspective for Emergency Power Supply by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2018 & 2027
III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES
  • Market Facts & Figures
  • US Vanadium Redox Battery Market Share (in %) by Company: 2018 & 2027
  • Market Analytics
  • TABLE 13: USA Current & Future Analysis for Vanadium Redox Battery by End-Use - Large-Scale Energy Storage, Uninterruptible Power Supply (UPS) and Emergency Power Supply - Independent Analysis of Annual Sales in US$ Million for the Years 2018through 2027
  • TABLE 14: USA Historic Review for Vanadium Redox Battery by End-Use - Large-Scale Energy Storage, Uninterruptible Power Supply (UPS) and Emergency Power Supply Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012through 2017
  • TABLE 15: USA 15-Year Perspective for Vanadium Redox Battery by End-Use - Percentage Breakdown of Value Sales for Large-Scale Energy Storage, Uninterruptible Power Supply (UPS) and Emergency Power Supply for the Years 2012, 2018 & 2027
CANADA
  • TABLE 16: Canada Current & Future Analysis for Vanadium Redox Battery by End-Use - Large-Scale Energy Storage, Uninterruptible Power Supply (UPS) and Emergency Power Supply - Independent Analysis of Annual Sales in US$ Million for the Years 2018through 2027
  • TABLE 17: Canada Historic Review for Vanadium Redox Battery by End-Use - Large-Scale Energy Storage, Uninterruptible Power Supply (UPS) and Emergency Power SupplyMarkets - Independent Analysis of Annual Sales in US$ Million for Years 2012through 2017
  • TABLE 18: Canada 15-Year Perspective for Vanadium Redox Battery by End-Use - Percentage Breakdown of Value Sales for Large-Scale Energy Storage, Uninterruptible Power Supply (UPS) and Emergency Power Supply for the Years 2012, 2018 & 2027
JAPAN
  • TABLE 19: Japan Current & Future Analysis for Vanadium Redox Battery by End-Use - Large-Scale Energy Storage, Uninterruptible Power Supply (UPS) and Emergency Power Supply - Independent Analysis of Annual Sales in US$ Million for the Years 2018through 2027
  • TABLE 20: Japan Historic Review for Vanadium Redox Battery by End-Use - Large-Scale Energy Storage, Uninterruptible Power Supply (UPS) and Emergency Power Supply Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017
  • TABLE 21: Japan 15-Year Perspective for Vanadium Redox Battery by End-Use - Percentage Breakdown of Value Sales for Large-Scale Energy Storage, Uninterruptible Power Supply (UPS) and Emergency Power Supply for the Years 2012, 2018 & 2027
CHINA
  • TABLE 22: China Current & Future Analysis for Vanadium Redox Battery by End-Use -Large-Scale Energy Storage, Uninterruptible Power Supply (UPS) and EmergencyPower Supply - Independent Analysis of Annual Sales in US$ Millionfor the Years 2018 through 2027
  • TABLE 23: China Historic Review for Vanadium Redox Battery by End-Use - Large-Scale Energy Storage, Uninterruptible Power Supply (UPS) and Emergency Power Supply Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017
  • TABLE 24: China 15-Year Perspective for Vanadium Redox Battery by End-Use - Percentage Breakdown of Value Sales for Large-Scale Energy Storage, Uninterruptible Power Supply (UPS) and Emergency Power Supply for the Years 2012, 2018 & 2027
EUROPE
  • Market Facts & Figures
  • European Vanadium Redox Battery Market: Competitor Market Share Scenario (in %) for 2018 & 2027
  • Market Analytics
  • TABLE 25: Europe Current & Future Analysis for Vanadium Redox Battery by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2018 through 2027
  • TABLE 26: Europe Historic Review for Vanadium Redox Battery by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017
  • TABLE 27: Europe 15-Year Perspective for Vanadium Redox Battery by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2012, 2018 & 2027
  • TABLE 28: Europe Current & Future Analysis for Vanadium Redox Battery by End-Use - Large-Scale Energy Storage, Uninterruptible Power Supply (UPS) and EmergencyPower Supply - Independent Analysis of Annual Sales in US$ Millionfor the Years 2018 through 2027
  • TABLE 29: Europe Historic Review for Vanadium Redox Battery by End-Use - Large-Scale Energy Storage, Uninterruptible Power Supply (UPS) and Emergency Power Supply Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012through 2017
  • TABLE 30: Europe 15-Year Perspective for Vanadium Redox Battery by End-Use - Percentage Breakdown of Value Sales for Large-Scale Energy Storage, Uninterruptible Power Supply (UPS) and Emergency Power Supply for the Years 2012, 2018 & 2027
FRANCE
  • TABLE 31: France Current & Future Analysis for Vanadium Redox Battery by End-Use - Large-Scale Energy Storage, Uninterruptible Power Supply (UPS) and Emergency Power Supply - Independent Analysis of Annual Sales in US$ Million for the Years 2018through 2027
  • TABLE 32: France Historic Review for Vanadium Redox Battery by End-Use - Large-Scale Energy Storage, Uninterruptible Power Supply (UPS) and Emergency Power Supply Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017
  • TABLE 33: France 15-Year Perspective for Vanadium Redox Battery by End-Use - Percentage Breakdown of Value Sales for Large-Scale Energy Storage, Uninterruptible Power Supply (UPS) and Emergency Power Supply for the Years 2012, 2018 & 2027
GERMANY
  • TABLE 34: Germany Current & Future Analysis for Vanadium Redox Battery by End-Use - Large-Scale Energy Storage, Uninterruptible Power Supply (UPS) and Emergency Power Supply - Independent Analysis of Annual Sales in US$ Million for the Years 2018through 2027
  • TABLE 35: Germany Historic Review for Vanadium Redox Battery by End-Use - Large-Scale Energy Storage, Uninterruptible Power Supply (UPS) and Emergency Power Supply Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017
  • TABLE 36: Germany 15-Year Perspective for Vanadium Redox Battery by End-Use - Percentage Breakdown of Value Sales for Large-Scale Energy Storage, Uninterruptible Power Supply (UPS) and Emergency Power Supply for the Years 2012, 2018 & 2027
ITALY
  • TABLE 37: Italy Current & Future Analysis for Vanadium Redox Battery by End-Use - Large-Scale Energy Storage, Uninterruptible Power Supply (UPS) and Emergency Power Supply - Independent Analysis of Annual Sales in US$ Million for the Years 2018 through 2027
  • TABLE 38: Italy Historic Review for Vanadium Redox Battery by End-Use -Large-Scale Energy Storage, Uninterruptible Power Supply (UPS) andEmergency Power Supply Markets - Independent Analysis ofAnnual Sales in US$ Million for Years 2012 through 2017
  • TABLE 39: Italy 15-Year Perspective for Vanadium Redox Battery by End-Use - Percentage Breakdown of Value Sales for Large-Scale Energy Storage, Uninterruptible Power Supply (UPS) and Emergency Power Supply for the Years 2012, 2018 & 2027
UNITED KINGDOM
  • TABLE 40: UK Current & Future Analysis for Vanadium Redox Battery by End-Use - Large-Scale Energy Storage, Uninterruptible Power Supply (UPS) and Emergency Power Supply - Independent Analysis of Annual Sales in US$ Million for the Years 2018 through 2027
  • TABLE 41: UK Historic Review for Vanadium Redox Battery by End-Use - Large-Scale Energy Storage, Uninterruptible Power Supply (UPS) and Emergency Power Supply Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017
  • TABLE 42: UK 15-Year Perspective for Vanadium Redox Battery by End-Use - Percentage Breakdown of Value Sales for Large-Scale Energy Storage, Uninterruptible Power Supply (UPS) and Emergency Power Supply for the Years 2012, 2018 & 2027
REST OF EUROPE
  • TABLE 43: Rest of Europe Current & Future Analysis for Vanadium Redox Battery by End-Use - Large-Scale Energy Storage, Uninterruptible Power Supply (UPS) and Emergency Power Supply - Independent Analysis of Annual Sales in US$ Million for the Years 2018 through 2027
  • TABLE 44: Rest of Europe Historic Review for Vanadium Redox Battery by End-Use - Large-Scale Energy Storage, Uninterruptible Power Supply (UPS) and Emergency Power Supply Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017
  • TABLE 45: Rest of Europe 15-Year Perspective for Vanadium Redox Battery by End-Use - Percentage Breakdown of Value Sales for Large-Scale Energy Storage, Uninterruptible Power Supply (UPS) and Emergency Power Supply for the Years 2012, 2018 & 2027
ASIA-PACIFIC
  • TABLE 46: Asia-Pacific Current & Future Analysis for Vanadium Redox Battery by End-Use - Large-Scale Energy Storage, Uninterruptible Power Supply (UPS) and Emergency Power Supply - Independent Analysis of Annual Sales in US$ Million for the Years 2018 through 2027
  • TABLE 47: Asia-Pacific Historic Review for Vanadium Redox Battery by End-Use - Large-Scale Energy Storage, Uninterruptible Power Supply (UPS) and Emergency Power Supply Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017
  • TABLE 48: Asia-Pacific 15-Year Perspective for Vanadium Redox Battery by End-Use - Percentage Breakdown of Value Sales for Large-Scale Energy Storage, Uninterruptible Power Supply (UPS) and Emergency Power Supply for the Years 2012, 2018 & 2027
REST OF WORLD
  • TABLE 49: Rest of World Current & Future Analysis for Vanadium Redox Battery by End-Use - Large-Scale Energy Storage, Uninterruptible Power Supply (UPS) and Emergency Power Supply - Independent Analysis of Annual Sales in US$ Million for the Years 2018through 2027
  • TABLE 50: Rest of World Historic Review for Vanadium Redox Battery by End-Use - Large-Scale Energy Storage, Uninterruptible Power Supply (UPS) and Emergency Power Supply Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017
  • TABLE 51: Rest of World 15-Year Perspective for Vanadium Redox Battery by End-Use - Percentage Breakdown of Value Sales for Large-Scale Energy Storage, UninterruptiblePower Supply (UPS) and Emergency Power Supply for the Years 2012, 2018 & 2027
IV. COMPETITION
  • Total Companies Profiled: 68
Note: Product cover images may vary from those shown
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