Global and United States Vanadium Redox Battery Electrolyte Market Report & Forecast 2022-2028

• Description
• Table of Contents
• Table of Figures
• PDF Download

• Description
• Table of Contents
• Table of Figures
• PDF Download

Vanadium redox flow batteries (VRBs) are one of the most practical candidates for large-scale energy storage. Its electrolyte as one key component can intensively influence its electrochemical performance. The electrolytes are solutions containing vanadium ions.

Market Analysis and Insights: Global and United States Vanadium Redox Battery Electrolyte Market

This report focuses on global and United States Vanadium Redox Battery Electrolyte market, also covers the segmentation data of other regions in regional level and county level.

Due to the COVID-19 pandemic, the global Vanadium Redox Battery Electrolyte market size is estimated to be worth US$ 33 million in 2022 and is forecast to a readjusted size of US$ 135 million by 2028 with a CAGR of 26.6% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, by Type, Mixed Heating Method accounting for % of the Vanadium Redox Battery Electrolyte global market in 2021, is projected to value US$  million by 2028, growing at a revised % CAGR from 2022 to 2028. While by Application, Large-Scale Energy Storage was the leading segment, accounting for over  percent market share in 2021, and altered to an  % CAGR throughout this forecast period.

Global key players of vanadium redox battery electrolyte include LE SYSTEM, US Vanadium, Shaanxi Youser Group, Dalian Rongke, etc. Global top five manufacturers hold a share over 87%. China is the largest producer of vanadium redox battery electrolyte holds a share over 47%. In terms of product, electrolysis method is the largest segment, with a share over 77%. And in terms of application, the largest application is large-scale energy storage , with a share over 62%.

Global Vanadium Redox Battery Electrolyte Scope and Market Size
Vanadium Redox Battery Electrolyte market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global Vanadium Redox Battery Electrolyte market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application for the period 2017-2028.

For United States market, this report focuses on the Vanadium Redox Battery Electrolyte market size by players, by Type and by Application, for the period 2017-2028. The key players include the global and local players, which play important roles in United States.

Segment by Type
    Mixed Heating Method
    Electrolysis Method

Segment by Application
    Large-Scale Energy Storage
    Uninterruptible Power Supply
    Others

By Region
    North America
        United States
        Canada
    Europe
        Germany
        France
        U.K.
        Italy
        Russia
    Asia-Pacific
        China
        Japan
        South Korea
        India
        Australia
        China Taiwan
        Indonesia
        Thailand
        Malaysia
    Latin America
        Mexico
        Brazil
        Argentina
    Middle East & Africa
        Turkey
        Saudi Arabia
        UAE

By Company
    LE SYSTEM
    US Vanadium
    Shaanxi Youser Group
    Dalian Rongke
    Dovop Electric
    VRB Energy
    Sumitomo Electric Industries
    Australian Vanadium Limited (AVL)
    Invinity Energy Systems
    Nari Group
    Shanghai Electric Group

 1 Study Coverage
    1.1 Vanadium Redox Battery Electrolyte Product Introduction
    1.2 Global Vanadium Redox Battery Electrolyte Outlook 2017 VS 2022 VS 2028
        1.2.1 Global Vanadium Redox Battery Electrolyte Sales in US$ Million for the Year 2017-2028
        1.2.2 Global Vanadium Redox Battery Electrolyte Sales in Volume for the Year 2017-2028
    1.3 United States Vanadium Redox Battery Electrolyte Outlook 2017 VS 2022 VS 2028
        1.3.1 United States Vanadium Redox Battery Electrolyte Sales in US$ Million for the Year 2017-2028
        1.3.2 United States Vanadium Redox Battery Electrolyte Sales in Volume for the Year 2017-2028
    1.4 Vanadium Redox Battery Electrolyte Market Size, United States VS Global, 2017 VS 2022 VS 2028
        1.4.1 The Market Share of United States Vanadium Redox Battery Electrolyte in Global, 2017 VS 2022 VS 2028
        1.4.2 The Growth Rate of Vanadium Redox Battery Electrolyte Market Size, United States VS Global, 2017 VS 2022 VS 2028
    1.5 Vanadium Redox Battery Electrolyte Market Dynamics
        1.5.1 Vanadium Redox Battery Electrolyte Industry Trends
        1.5.2 Vanadium Redox Battery Electrolyte Market Drivers
        1.5.3 Vanadium Redox Battery Electrolyte Market Challenges
        1.5.4 Vanadium Redox Battery Electrolyte Market Restraints
    1.6 Study Objectives
    1.7 Years Considered

 2 Market by Type
    2.1 Vanadium Redox Battery Electrolyte Market Segment by Type
        2.1.1 Mixed Heating Method
        2.1.2 Electrolysis Method
    2.2 Global Vanadium Redox Battery Electrolyte Market Size by Type
        2.2.1 Global Vanadium Redox Battery Electrolyte Sales in Value, by Type (2017, 2022 & 2028)
        2.2.2 Global Vanadium Redox Battery Electrolyte Sales in Volume, by Type (2017, 2022 & 2028)
        2.2.3 Global Vanadium Redox Battery Electrolyte Average Selling Price (ASP) by Type (2017, 2022 & 2028)
    2.3 United States Vanadium Redox Battery Electrolyte Market Size by Type
        2.3.1 United States Vanadium Redox Battery Electrolyte Sales in Value, by Type (2017, 2022 & 2028)
        2.3.2 United States Vanadium Redox Battery Electrolyte Sales in Volume, by Type (2017, 2022 & 2028)
        2.3.3 United States Vanadium Redox Battery Electrolyte Average Selling Price (ASP) by Type (2017, 2022 & 2028)

 3 Market by Application
    3.1 Vanadium Redox Battery Electrolyte Market Segment by Application
        3.1.1 Large-Scale Energy Storage
        3.1.2 Uninterruptible Power Supply
        3.1.3 Others
    3.2 Global Vanadium Redox Battery Electrolyte Market Size by Application
        3.2.1 Global Vanadium Redox Battery Electrolyte Sales in Value, by Application (2017, 2022 & 2028)
        3.2.2 Global Vanadium Redox Battery Electrolyte Sales in Volume, by Application (2017, 2022 & 2028)
        3.3.3 Global Vanadium Redox Battery Electrolyte Average Selling Price (ASP) by Application (2017, 2022 & 2028)
    3.3 United States Vanadium Redox Battery Electrolyte Market Size by Application
        3.3.1 United States Vanadium Redox Battery Electrolyte Sales in Value, by Application (2017, 2022 & 2028)
        3.3.2 United States Vanadium Redox Battery Electrolyte Sales in Volume, by Application (2017, 2022 & 2028)
        3.3.3 United States Vanadium Redox Battery Electrolyte Average Selling Price (ASP) by Application (2017, 2022 & 2028)

 4 Global Vanadium Redox Battery Electrolyte Competitor Landscape by Company
    4.1 Global Vanadium Redox Battery Electrolyte Market Size by Company
        4.1.1 Top Global Vanadium Redox Battery Electrolyte Manufacturers Ranked by Revenue (2021)
        4.1.2 Global Vanadium Redox Battery Electrolyte Revenue by Manufacturer (2017-2022)
        4.1.3 Global Vanadium Redox Battery Electrolyte Sales by Manufacturer (2017-2022)
        4.1.4 Global Vanadium Redox Battery Electrolyte Price by Manufacturer (2017-2022)
    4.2 Global Vanadium Redox Battery Electrolyte Concentration Ratio (CR)
        4.2.1 Vanadium Redox Battery Electrolyte Market Concentration Ratio (CR) (2017-2022)
        4.2.2 Global Top 5 and Top 10 Largest Manufacturers of Vanadium Redox Battery Electrolyte in 2021
        4.2.3 Global Vanadium Redox Battery Electrolyte Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
    4.3 Global Vanadium Redox Battery Electrolyte Manufacturing Base Distribution, Product Type
        4.3.1 Global Vanadium Redox Battery Electrolyte Manufacturers, Headquarters and Distribution of Producing Region
        4.3.2 Manufacturers Vanadium Redox Battery Electrolyte Product Type
        4.3.3 Date of International Manufacturers Enter into Vanadium Redox Battery Electrolyte Market
    4.4 Manufacturers Mergers & Acquisitions, Expansion Plans
    4.5 United States Vanadium Redox Battery Electrolyte Market Size by Company
        4.5.1 Top Vanadium Redox Battery Electrolyte Players in United States, Ranked by Revenue (2021)
        4.5.2 United States Vanadium Redox Battery Electrolyte Revenue by Players (2020, 2021 & 2022)
        4.5.3 United States Vanadium Redox Battery Electrolyte Sales by Players (2020, 2021 & 2022)

 5 Global Vanadium Redox Battery Electrolyte Market Size by Region
    5.1 Global Vanadium Redox Battery Electrolyte Market Size by Region: 2017 VS 2022 VS 2028
    5.2 Global Vanadium Redox Battery Electrolyte Market Size in Volume by Region (2017-2028)
        5.2.1 Global Vanadium Redox Battery Electrolyte Sales in Volume by Region: 2017-2022
        5.2.2 Global Vanadium Redox Battery Electrolyte Sales in Volume Forecast by Region (2023-2028)
    5.3 Global Vanadium Redox Battery Electrolyte Market Size in Value by Region (2017-2028)
        5.3.1 Global Vanadium Redox Battery Electrolyte Sales in Value by Region: 2017-2022
        5.3.2 Global Vanadium Redox Battery Electrolyte Sales in Value by Region: 2023-2028

 6 Segment in Region Level & Country Level
    6.1 North America
        6.1.1 North America Vanadium Redox Battery Electrolyte Market Size YoY Growth 2017-2028
        6.1.2 North America Vanadium Redox Battery Electrolyte Market Facts & Figures by Country (2017, 2022 & 2028)
        6.1.3 United States
        6.1.4 Canada
    6.2 Asia-Pacific
        6.2.1 Asia-Pacific Vanadium Redox Battery Electrolyte Market Size YoY Growth 2017-2028
        6.2.2 Asia-Pacific Vanadium Redox Battery Electrolyte Market Facts & Figures by Region (2017, 2022 & 2028)
        6.2.3 China
        6.2.4 Japan
        6.2.5 South Korea
        6.2.6 India
        6.2.7 Australia
        6.2.8 China Taiwan
        6.2.9 Indonesia
        6.2.10 Thailand
        6.2.11 Malaysia
    6.3 Europe
        6.3.1 Europe Vanadium Redox Battery Electrolyte Market Size YoY Growth 2017-2028
        6.3.2 Europe Vanadium Redox Battery Electrolyte Market Facts & Figures by Country (2017, 2022 & 2028)
        6.3.3 Germany
        6.3.4 France
        6.3.5 U.K.
        6.3.6 Italy
        6.3.7 Russia
    6.4 Latin America
        6.4.1 Latin America Vanadium Redox Battery Electrolyte Market Size YoY Growth 2017-2028
        6.4.2 Latin America Vanadium Redox Battery Electrolyte Market Facts & Figures by Country (2017, 2022 & 2028)
        6.4.3 Mexico
        6.4.4 Brazil
        6.4.5 Argentina
    6.5 Middle East and Africa
        6.5.1 Middle East and Africa Vanadium Redox Battery Electrolyte Market Size YoY Growth 2017-2028
        6.5.2 Middle East and Africa Vanadium Redox Battery Electrolyte Market Facts & Figures by Country (2017, 2022 & 2028)
        6.5.3 Turkey
        6.5.4 Saudi Arabia
        6.5.5 UAE

 7 Company Profiles
    7.1 LE SYSTEM
        7.1.1 LE SYSTEM Corporation Information
        7.1.2 LE SYSTEM Description and Business Overview
        7.1.3 LE SYSTEM Vanadium Redox Battery Electrolyte Sales, Revenue and Gross Margin (2017-2022)
        7.1.4 LE SYSTEM Vanadium Redox Battery Electrolyte Products Offered
        7.1.5 LE SYSTEM Recent Development
    7.2 US Vanadium
        7.2.1 US Vanadium Corporation Information
        7.2.2 US Vanadium Description and Business Overview
        7.2.3 US Vanadium Vanadium Redox Battery Electrolyte Sales, Revenue and Gross Margin (2017-2022)
        7.2.4 US Vanadium Vanadium Redox Battery Electrolyte Products Offered
        7.2.5 US Vanadium Recent Development
    7.3 Shaanxi Youser Group
        7.3.1 Shaanxi Youser Group Corporation Information
        7.3.2 Shaanxi Youser Group Description and Business Overview
        7.3.3 Shaanxi Youser Group Vanadium Redox Battery Electrolyte Sales, Revenue and Gross Margin (2017-2022)
        7.3.4 Shaanxi Youser Group Vanadium Redox Battery Electrolyte Products Offered
        7.3.5 Shaanxi Youser Group Recent Development
    7.4 Dalian Rongke
        7.4.1 Dalian Rongke Corporation Information
        7.4.2 Dalian Rongke Description and Business Overview
        7.4.3 Dalian Rongke Vanadium Redox Battery Electrolyte Sales, Revenue and Gross Margin (2017-2022)
        7.4.4 Dalian Rongke Vanadium Redox Battery Electrolyte Products Offered
        7.4.5 Dalian Rongke Recent Development
    7.5 Dovop Electric
        7.5.1 Dovop Electric Corporation Information
        7.5.2 Dovop Electric Description and Business Overview
        7.5.3 Dovop Electric Vanadium Redox Battery Electrolyte Sales, Revenue and Gross Margin (2017-2022)
        7.5.4 Dovop Electric Vanadium Redox Battery Electrolyte Products Offered
        7.5.5 Dovop Electric Recent Development
    7.6 VRB Energy
        7.6.1 VRB Energy Corporation Information
        7.6.2 VRB Energy Description and Business Overview
        7.6.3 VRB Energy Vanadium Redox Battery Electrolyte Sales, Revenue and Gross Margin (2017-2022)
        7.6.4 VRB Energy Vanadium Redox Battery Electrolyte Products Offered
        7.6.5 VRB Energy Recent Development
    7.7 Sumitomo Electric Industries
        7.7.1 Sumitomo Electric Industries Corporation Information
        7.7.2 Sumitomo Electric Industries Description and Business Overview
        7.7.3 Sumitomo Electric Industries Vanadium Redox Battery Electrolyte Sales, Revenue and Gross Margin (2017-2022)
        7.7.4 Sumitomo Electric Industries Vanadium Redox Battery Electrolyte Products Offered
        7.7.5 Sumitomo Electric Industries Recent Development
    7.8 Australian Vanadium Limited (AVL)
        7.8.1 Australian Vanadium Limited (AVL) Corporation Information
        7.8.2 Australian Vanadium Limited (AVL) Description and Business Overview
        7.8.3 Australian Vanadium Limited (AVL) Vanadium Redox Battery Electrolyte Sales, Revenue and Gross Margin (2017-2022)
        7.8.4 Australian Vanadium Limited (AVL) Vanadium Redox Battery Electrolyte Products Offered
        7.8.5 Australian Vanadium Limited (AVL) Recent Development
    7.9 Invinity Energy Systems
        7.9.1 Invinity Energy Systems Corporation Information
        7.9.2 Invinity Energy Systems Description and Business Overview
        7.9.3 Invinity Energy Systems Vanadium Redox Battery Electrolyte Sales, Revenue and Gross Margin (2017-2022)
        7.9.4 Invinity Energy Systems Vanadium Redox Battery Electrolyte Products Offered
        7.9.5 Invinity Energy Systems Recent Development
    7.10 Nari Group
        7.10.1 Nari Group Corporation Information
        7.10.2 Nari Group Description and Business Overview
        7.10.3 Nari Group Vanadium Redox Battery Electrolyte Sales, Revenue and Gross Margin (2017-2022)
        7.10.4 Nari Group Vanadium Redox Battery Electrolyte Products Offered
        7.10.5 Nari Group Recent Development
    7.11 Shanghai Electric Group
        7.11.1 Shanghai Electric Group Corporation Information
        7.11.2 Shanghai Electric Group Description and Business Overview
        7.11.3 Shanghai Electric Group Vanadium Redox Battery Electrolyte Sales, Revenue and Gross Margin (2017-2022)
        7.11.4 Shanghai Electric Group Vanadium Redox Battery Electrolyte Products Offered
        7.11.5 Shanghai Electric Group Recent Development

 8 Industry Chain and Sales Channels Analysis
    8.1 Vanadium Redox Battery Electrolyte Industry Chain Analysis
    8.2 Vanadium Redox Battery Electrolyte Key Raw Materials
        8.2.1 Key Raw Materials
        8.2.2 Vanadium Redox Battery Electrolyte Distributors
    8.3 Vanadium Redox Battery Electrolyte Production Mode & Process
    8.4 Vanadium Redox Battery Electrolyte Sales and Marketing
        8.4.1 Vanadium Redox Battery Electrolyte Sales Channels
        8.4.2 Vanadium Redox Battery Electrolyte Distributors
    8.5 Vanadium Redox Battery Electrolyte Customers

 9 Research Findings and Conclusion

 10 Appendix
    10.1 Research Methodology
        10.1.1 Methodology/Research Approach
        10.1.2 Data Source
    10.2 Author Details
    10.3 Disclaimer

List of Tables
    Table 1. Vanadium Redox Battery Electrolyte CAGR in Value, United States VS Global, 2017 VS 2022 VS 2028
    Table 2. Vanadium Redox Battery Electrolyte Market Trends
    Table 3. Vanadium Redox Battery Electrolyte Market Drivers
    Table 4. Vanadium Redox Battery Electrolyte Market Challenges
    Table 5. Vanadium Redox Battery Electrolyte Market Restraints
    Table 6. Global Vanadium Redox Battery Electrolyte Sales by Type: 2017 VS 2022 VS 2028 (US$ Million)
    Table 7. United States Vanadium Redox Battery Electrolyte Sales by Type: 2017 VS 2022 VS 2028 (US$ Million)
    Table 8. Global Vanadium Redox Battery Electrolyte Sales by Application: 2017 VS 2022 VS 2028 (US$ Million)
    Table 9. United States Vanadium Redox Battery Electrolyte Sales by Application: 2017 VS 2022 VS 2028 (US$ Million)
    Table 10. Top Vanadium Redox Battery Electrolyte Manufacturers in Global Market, Ranking by Revenue (2021)
    Table 11. Global Vanadium Redox Battery Electrolyte Revenue by Manufacturer, (US$ Million), 2017-2022
    Table 12. Global Vanadium Redox Battery Electrolyte Revenue Share by Manufacturer, 2017-2022
    Table 13. Global Vanadium Redox Battery Electrolyte Sales by Manufacturer, (MT), 2017-2022
    Table 14. Global Vanadium Redox Battery Electrolyte Sales Share by Manufacturer, 2017-2022
    Table 15. Global Vanadium Redox Battery Electrolyte Price by Manufacturer (2017-2022) & (US$/MT)
    Table 16. Global Vanadium Redox Battery Electrolyte Manufacturers Market Concentration Ratio (CR5 and HHI)
    Table 17. Global Vanadium Redox Battery Electrolyte by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Vanadium Redox Battery Electrolyte as of 2021)
    Table 18. Top Players of Vanadium Redox Battery Electrolyte in Global Market, Headquarters and Distribution of Producing Region
    Table 19. Manufacturers Vanadium Redox Battery Electrolyte Product Type
    Table 20. Date of International Manufacturers Enter into Vanadium Redox Battery Electrolyte Market
    Table 21. Manufacturers Mergers & Acquisitions, Expansion Plans
    Table 22. Top Vanadium Redox Battery Electrolyte Players in United States Market, Ranking by Revenue (2021)
    Table 23. United States Vanadium Redox Battery Electrolyte Revenue by Players, (US$ Million), 2020, 2021 & 2022
    Table 24. United States Vanadium Redox Battery Electrolyte Revenue Share by Players, 2020, 2021 & 2022
    Table 25. United States Vanadium Redox Battery Electrolyte Sales by Players, (MT), 2020, 2021 & 2022
    Table 26. United States Vanadium Redox Battery Electrolyte Sales Share by Players, 2020, 2021 & 2022
    Table 27. Global Vanadium Redox Battery Electrolyte Market Size by Region (US$ Million): 2017 VS 2022 VS 2028
    Table 28. Global Vanadium Redox Battery Electrolyte Sales in Volume by Region (2017-2022) & (MT)
    Table 29. Global Vanadium Redox Battery Electrolyte Sales in Volume Forecast by Region (2023-2028) & (MT)
    Table 30. Global Vanadium Redox Battery Electrolyte Sales in Value by Region (2017-2022) & (US$ Million)
    Table 31. Global Vanadium Redox Battery Electrolyte Sales in Value Forecast by Region (2023-2028) & (US$ Million)
    Table 32. North America Vanadium Redox Battery Electrolyte Sales in Volume by Country (2017-2028) & (MT)
    Table 33. North America Vanadium Redox Battery Electrolyte Sales in Value by Country (2017-2028) & (US$ Million)
    Table 34. Asia Pacific Vanadium Redox Battery Electrolyte Sales in Volume by Region (2017-2028) & (MT)
    Table 35. Asia Pacific Vanadium Redox Battery Electrolyte Sales in Value by Region (2017-2028) & (US$ Million)
    Table 36. Europe Vanadium Redox Battery Electrolyte Sales in Volume by Country (2017-2028) & (MT)
    Table 37. Europe Vanadium Redox Battery Electrolyte Sales in Value by Country (2017-2028) & (US$ Million)
    Table 38. Latin America Vanadium Redox Battery Electrolyte Sales in Volume by Country (2017-2028) & (MT)
    Table 39. Latin Americaa Vanadium Redox Battery Electrolyte Sales in Value by Country (2017-2028) & (US$ Million)
    Table 40. Middle East and Africa Vanadium Redox Battery Electrolyte Sales in Volume by Country (2017-2028) & (MT)
    Table 41. Middle East and Africa Vanadium Redox Battery Electrolyte Sales in Value by Country (2017-2028) & (US$ Million)
    Table 42. LE SYSTEM Corporation Information
    Table 43. LE SYSTEM Description and Business Overview
    Table 44. LE SYSTEM Vanadium Redox Battery Electrolyte Sales (MT), Revenue (US$ Million), Price (US$/MT) and Gross Margin (2017-2022)
    Table 45. LE SYSTEM Vanadium Redox Battery Electrolyte Product
    Table 46. LE SYSTEM Recent Development
    Table 47. US Vanadium Corporation Information
    Table 48. US Vanadium Description and Business Overview
    Table 49. US Vanadium Vanadium Redox Battery Electrolyte Sales (MT), Revenue (US$ Million), Price (US$/MT) and Gross Margin (2017-2022)
    Table 50. US Vanadium Product
    Table 51. US Vanadium Recent Development
    Table 52. Shaanxi Youser Group Corporation Information
    Table 53. Shaanxi Youser Group Description and Business Overview
    Table 54. Shaanxi Youser Group Vanadium Redox Battery Electrolyte Sales (MT), Revenue (US$ Million), Price (US$/MT) and Gross Margin (2017-2022)
    Table 55. Shaanxi Youser Group Product
    Table 56. Shaanxi Youser Group Recent Development
    Table 57. Dalian Rongke Corporation Information
    Table 58. Dalian Rongke Description and Business Overview
    Table 59. Dalian Rongke Vanadium Redox Battery Electrolyte Sales (MT), Revenue (US$ Million), Price (US$/MT) and Gross Margin (2017-2022)
    Table 60. Dalian Rongke Product
    Table 61. Dalian Rongke Recent Development
    Table 62. Dovop Electric Corporation Information
    Table 63. Dovop Electric Description and Business Overview
    Table 64. Dovop Electric Vanadium Redox Battery Electrolyte Sales (MT), Revenue (US$ Million), Price (US$/MT) and Gross Margin (2017-2022)
    Table 65. Dovop Electric Product
    Table 66. Dovop Electric Recent Development
    Table 67. VRB Energy Corporation Information
    Table 68. VRB Energy Description and Business Overview
    Table 69. VRB Energy Vanadium Redox Battery Electrolyte Sales (MT), Revenue (US$ Million), Price (US$/MT) and Gross Margin (2017-2022)
    Table 70. VRB Energy Product
    Table 71. VRB Energy Recent Development
    Table 72. Sumitomo Electric Industries Corporation Information
    Table 73. Sumitomo Electric Industries Description and Business Overview
    Table 74. Sumitomo Electric Industries Vanadium Redox Battery Electrolyte Sales (MT), Revenue (US$ Million), Price (US$/MT) and Gross Margin (2017-2022)
    Table 75. Sumitomo Electric Industries Product
    Table 76. Sumitomo Electric Industries Recent Development
    Table 77. Australian Vanadium Limited (AVL) Corporation Information
    Table 78. Australian Vanadium Limited (AVL) Description and Business Overview
    Table 79. Australian Vanadium Limited (AVL) Vanadium Redox Battery Electrolyte Sales (MT), Revenue (US$ Million), Price (US$/MT) and Gross Margin (2017-2022)
    Table 80. Australian Vanadium Limited (AVL) Product
    Table 81. Australian Vanadium Limited (AVL) Recent Development
    Table 82. Invinity Energy Systems Corporation Information
    Table 83. Invinity Energy Systems Description and Business Overview
    Table 84. Invinity Energy Systems Vanadium Redox Battery Electrolyte Sales (MT), Revenue (US$ Million), Price (US$/MT) and Gross Margin (2017-2022)
    Table 85. Invinity Energy Systems Product
    Table 86. Invinity Energy Systems Recent Development
    Table 87. Nari Group Corporation Information
    Table 88. Nari Group Description and Business Overview
    Table 89. Nari Group Vanadium Redox Battery Electrolyte Sales (MT), Revenue (US$ Million), Price (US$/MT) and Gross Margin (2017-2022)
    Table 90. Nari Group Product
    Table 91. Nari Group Recent Development
    Table 92. Shanghai Electric Group Corporation Information
    Table 93. Shanghai Electric Group Description and Business Overview
    Table 94. Shanghai Electric Group Vanadium Redox Battery Electrolyte Sales (MT), Revenue (US$ Million), Price (US$/MT) and Gross Margin (2017-2022)
    Table 95. Shanghai Electric Group Product
    Table 96. Shanghai Electric Group Recent Development
    Table 97. Key Raw Materials Lists
    Table 98. Raw Materials Key Suppliers Lists
    Table 99. Vanadium Redox Battery Electrolyte Customers List
    Table 100. Vanadium Redox Battery Electrolyte Distributors List
    Table 101. Research Programs/Design for This Report
    Table 102. Key Data Information from Secondary Sources
    Table 103. Key Data Information from Primary Sources
List of Figures
    Figure 1. Vanadium Redox Battery Electrolyte Product Picture
    Figure 2. Global Vanadium Redox Battery Electrolyte Revenue, (US$ Million), 2017 VS 2022 VS 2028
    Figure 3. Global Vanadium Redox Battery Electrolyte Market Size 2017-2028 (US$ Million)
    Figure 4. Global Vanadium Redox Battery Electrolyte Sales 2017-2028 (MT)
    Figure 5. United States Vanadium Redox Battery Electrolyte Revenue, (US$ Million), 2017 VS 2022 VS 2028
    Figure 6. United States Vanadium Redox Battery Electrolyte Market Size 2017-2028 (US$ Million)
    Figure 7. United States Vanadium Redox Battery Electrolyte Sales 2017-2028 (MT)
    Figure 8. United States Vanadium Redox Battery Electrolyte Market Share in Global, in Value (US$ Million) 2017-2028
    Figure 9. United States Vanadium Redox Battery Electrolyte Market Share in Global, in Volume (MT) 2017-2028
    Figure 10. Vanadium Redox Battery Electrolyte Report Years Considered
    Figure 11. Product Picture of Mixed Heating Method
    Figure 12. Product Picture of Electrolysis Method
    Figure 13. Global Vanadium Redox Battery Electrolyte Market Share by Type in 2022 & 2028
    Figure 14. Global Vanadium Redox Battery Electrolyte Sales in Value by Type (2017-2028) & (US$ Million)
    Figure 15. Global Vanadium Redox Battery Electrolyte Sales Market Share in Value by Type (2017-2028)
    Figure 16. Global Vanadium Redox Battery Electrolyte Sales by Type (2017-2028) & (MT)
    Figure 17. Global Vanadium Redox Battery Electrolyte Sales Market Share in Volume by Type (2017-2028)
    Figure 18. Global Vanadium Redox Battery Electrolyte Price by Type (2017-2028) & (US$/MT)
    Figure 19. United States Vanadium Redox Battery Electrolyte Market Share by Type in 2022 & 2028
    Figure 20. United States Vanadium Redox Battery Electrolyte Sales in Value by Type (2017-2028) & (US$ Million)
    Figure 21. United States Vanadium Redox Battery Electrolyte Sales Market Share in Value by Type (2017-2028)
    Figure 22. United States Vanadium Redox Battery Electrolyte Sales by Type (2017-2028) & (MT)
    Figure 23. United States Vanadium Redox Battery Electrolyte Sales Market Share in Volume by Type (2017-2028)
    Figure 24. United States Vanadium Redox Battery Electrolyte Price by Type (2017-2028) & (US$/MT)
    Figure 25. Product Picture of Large-Scale Energy Storage
    Figure 26. Product Picture of Uninterruptible Power Supply
    Figure 27. Product Picture of Others
    Figure 28. Global Vanadium Redox Battery Electrolyte Market Share by Application in 2022 & 2028
    Figure 29. Global Vanadium Redox Battery Electrolyte Sales in Value by Application (2017-2028) & (US$ Million)
    Figure 30. Global Vanadium Redox Battery Electrolyte Sales Market Share in Value by Application (2017-2028)
    Figure 31. Global Vanadium Redox Battery Electrolyte Sales by Application (2017-2028) & (MT)
    Figure 32. Global Vanadium Redox Battery Electrolyte Sales Market Share in Volume by Application (2017-2028)
    Figure 33. Global Vanadium Redox Battery Electrolyte Price by Application (2017-2028) & (US$/MT)
    Figure 34. United States Vanadium Redox Battery Electrolyte Market Share by Application in 2022 & 2028
    Figure 35. United States Vanadium Redox Battery Electrolyte Sales in Value by Application (2017-2028) & (US$ Million)
    Figure 36. United States Vanadium Redox Battery Electrolyte Sales Market Share in Value by Application (2017-2028)
    Figure 37. United States Vanadium Redox Battery Electrolyte Sales by Application (2017-2028) & (MT)
    Figure 38. United States Vanadium Redox Battery Electrolyte Sales Market Share in Volume by Application (2017-2028)
    Figure 39. United States Vanadium Redox Battery Electrolyte Price by Application (2017-2028) & (US$/MT)
    Figure 40. North America Vanadium Redox Battery Electrolyte Sales in Volume Growth Rate 2017-2028 (MT)
    Figure 41. North America Vanadium Redox Battery Electrolyte Sales in Value Growth Rate 2017-2028 (US$ Million)
    Figure 42. United States Vanadium Redox Battery Electrolyte Sales in Value Growth Rate (2017-2028) & (US$ Million)
    Figure 43. Canada Vanadium Redox Battery Electrolyte Sales in Value Growth Rate (2017-2028) & (US$ Million)
    Figure 44. Europe Vanadium Redox Battery Electrolyte Sales in Volume Growth Rate 2017-2028 (MT)
    Figure 45. Europe Vanadium Redox Battery Electrolyte Sales in Value Growth Rate 2017-2028 (US$ Million)
    Figure 46. Germany Vanadium Redox Battery Electrolyte Sales in Value Growth Rate (2017-2028) & (US$ Million)
    Figure 47. France Vanadium Redox Battery Electrolyte Sales in Value Growth Rate (2017-2028) & (US$ Million)
    Figure 48. U.K. Vanadium Redox Battery Electrolyte Sales in Value Growth Rate (2017-2028) & (US$ Million)
    Figure 49. Italy Vanadium Redox Battery Electrolyte Sales in Value Growth Rate (2017-2028) & (US$ Million)
    Figure 50. Russia Vanadium Redox Battery Electrolyte Sales in Value Growth Rate (2017-2028) & (US$ Million)
    Figure 51. Asia-Pacific Vanadium Redox Battery Electrolyte Sales in Volume Growth Rate 2017-2028 (MT)
    Figure 52. Asia-Pacific Vanadium Redox Battery Electrolyte Sales in Value Growth Rate 2017-2028 (US$ Million)
    Figure 53. China Vanadium Redox Battery Electrolyte Sales in Value Growth Rate (2017-2028) & (US$ Million)
    Figure 54. Japan Vanadium Redox Battery Electrolyte Sales in Value Growth Rate (2017-2028) & (US$ Million)
    Figure 55. South Korea Vanadium Redox Battery Electrolyte Sales in Value Growth Rate (2017-2028) & (US$ Million)
    Figure 56. India Vanadium Redox Battery Electrolyte Sales in Value Growth Rate (2017-2028) & (US$ Million)
    Figure 57. Australia Vanadium Redox Battery Electrolyte Sales in Value Growth Rate (2017-2028) & (US$ Million)
    Figure 58. China Taiwan Vanadium Redox Battery Electrolyte Sales in Value Growth Rate (2017-2028) & (US$ Million)
    Figure 59. Indonesia Vanadium Redox Battery Electrolyte Sales in Value Growth Rate (2017-2028) & (US$ Million)
    Figure 60. Thailand Vanadium Redox Battery Electrolyte Sales in Value Growth Rate (2017-2028) & (US$ Million)
    Figure 61. Malaysia Vanadium Redox Battery Electrolyte Sales in Value Growth Rate (2017-2028) & (US$ Million)
    Figure 62. Latin America Vanadium Redox Battery Electrolyte Sales in Volume Growth Rate 2017-2028 (MT)
    Figure 63. Latin America Vanadium Redox Battery Electrolyte Sales in Value Growth Rate 2017-2028 (US$ Million)
    Figure 64. Mexico Vanadium Redox Battery Electrolyte Sales in Value Growth Rate (2017-2028) & (US$ Million)
    Figure 65. Brazil Vanadium Redox Battery Electrolyte Sales in Value Growth Rate (2017-2028) & (US$ Million)
    Figure 66. Argentina Vanadium Redox Battery Electrolyte Sales in Value Growth Rate (2017-2028) & (US$ Million)
    Figure 67. Middle East & Africa Vanadium Redox Battery Electrolyte Sales in Volume Growth Rate 2017-2028 (MT)
    Figure 68. Middle East & Africa Vanadium Redox Battery Electrolyte Sales in Value Growth Rate 2017-2028 (US$ Million)
    Figure 69. Turkey Vanadium Redox Battery Electrolyte Sales in Value Growth Rate (2017-2028) & (US$ Million)
    Figure 70. Saudi Arabia Vanadium Redox Battery Electrolyte Sales in Value Growth Rate (2017-2028) & (US$ Million)
    Figure 71. UAE Vanadium Redox Battery Electrolyte Sales in Value Growth Rate (2017-2028) & (US$ Million)
    Figure 72. Vanadium Redox Battery Electrolyte Value Chain
    Figure 73. Vanadium Redox Battery Electrolyte Production Process
    Figure 74. Channels of Distribution
    Figure 75. Distributors Profiles
    Figure 76. Bottom-up and Top-down Approaches for This Report
    Figure 77. Data Triangulation
    Figure 78. Key Executives Interviewed

Vanadium redox flow batteries (VRBs) are one of the most practical candidates for large-scale energy storage. Its electrolyte as one key component can intensively influence its electrochemical performance. The electrolytes are solutions containing vanadium ions.

Market Analysis and Insights: Global and United States Vanadium Redox Battery Electrolyte Market

This report focuses on global and United States Vanadium Redox Battery Electrolyte market, also covers the segmentation data of other regions in regional level and county level.

Due to the COVID-19 pandemic, the global Vanadium Redox Battery Electrolyte market size is estimated to be worth US$ 33 million in 2022 and is forecast to a readjusted size of US$ 135 million by 2028 with a CAGR of 26.6% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, by Type, Mixed Heating Method accounting for % of the Vanadium Redox Battery Electrolyte global market in 2021, is projected to value US$  million by 2028, growing at a revised % CAGR from 2022 to 2028. While by Application, Large-Scale Energy Storage was the leading segment, accounting for over  percent market share in 2021, and altered to an  % CAGR throughout this forecast period.

Global key players of vanadium redox battery electrolyte include LE SYSTEM, US Vanadium, Shaanxi Youser Group, Dalian Rongke, etc. Global top five manufacturers hold a share over 87%. China is the largest producer of vanadium redox battery electrolyte holds a share over 47%. In terms of product, electrolysis method is the largest segment, with a share over 77%. And in terms of application, the largest application is large-scale energy storage , with a share over 62%.

Global Vanadium Redox Battery Electrolyte Scope and Market Size
Vanadium Redox Battery Electrolyte market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global Vanadium Redox Battery Electrolyte market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application for the period 2017-2028.

For United States market, this report focuses on the Vanadium Redox Battery Electrolyte market size by players, by Type and by Application, for the period 2017-2028. The key players include the global and local players, which play important roles in United States.

Segment by Type
    Mixed Heating Method
    Electrolysis Method

Segment by Application
    Large-Scale Energy Storage
    Uninterruptible Power Supply
    Others

By Region
    North America
        United States
        Canada
    Europe
        Germany
        France
        U.K.
        Italy
        Russia
    Asia-Pacific
        China
        Japan
        South Korea
        India
        Australia
        China Taiwan
        Indonesia
        Thailand
        Malaysia
    Latin America
        Mexico
        Brazil
        Argentina
    Middle East & Africa
        Turkey
        Saudi Arabia
        UAE

By Company
    LE SYSTEM
    US Vanadium
    Shaanxi Youser Group
    Dalian Rongke
    Dovop Electric
    VRB Energy
    Sumitomo Electric Industries
    Australian Vanadium Limited (AVL)
    Invinity Energy Systems
    Nari Group
    Shanghai Electric Group