Growth Opportunities in the Vanadium Redox Battery Market Report 2021
The vanadium redox battery market report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. This report covers the present scenario and the growth prospects of the global vanadium redox battery market for 2017-2021.
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The analysts forecast global vanadium redox battery market to grow at a CAGR of 8.5% during the period 2017-2021. 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.
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The report, Global Vanadium Redox Battery Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. This 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
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Other prominent vendors
- Australian Vanadium
- Bushveld Energy
- Cellennium (Thailand)
- Prudent Energy
- Redflow
- Sparton Resources
- Sumitomo Electric Industries
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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
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