23.04.2018 Views

QYResearch Reviewed: In 2017, Global Revenue of Vanadium Redox Battery is nearly 2584.04 M USD

http://www.qyresearchglobal.com/goods-1452594.html According to QYResearch, In the last several years, Global market of Vanadium Redox Battery developed rapidly, with an average growth rate of 97.47%. In 2017, Global Revenue of Vanadium Redox Battery is nearly 2584.04 M USD; the actual production is about 994.41 MW..

http://www.qyresearchglobal.com/goods-1452594.html According to QYResearch, In the last several years, Global market of Vanadium Redox Battery developed rapidly, with an average growth rate of 97.47%. In 2017, Global Revenue of Vanadium Redox Battery is nearly 2584.04 M USD; the actual production is about 994.41 MW..

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<strong>QYResearch</strong> <strong>Reviewed</strong>: <strong>In</strong> <strong>2017</strong>,<br />

<strong>Global</strong> <strong>Revenue</strong> <strong>of</strong> <strong>Vanadium</strong> <strong>Redox</strong><br />

<strong>Battery</strong> <strong>is</strong> <strong>nearly</strong> <strong>2584.04</strong> M <strong>USD</strong><br />

Custom Research|Research Report|Management Consulting|Seminar|Database<br />

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Beijing Hengzhou Bozhi <strong>In</strong>ternational <strong>In</strong>formation<br />

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<strong>QYResearch</strong><br />

The vanadium redox battery (VRB) (or <strong>Vanadium</strong><br />

flow battery) <strong>is</strong> a type <strong>of</strong> rechargeable flow<br />

battery that employs vanadium ions in different<br />

oxidation states to store chemical potential<br />

energy. The vanadium redox battery exploits the<br />

ability <strong>of</strong> vanadium to ex<strong>is</strong>t in solution in four<br />

different oxidation states, and uses th<strong>is</strong><br />

property to make a battery that has just one<br />

electro active element instead <strong>of</strong> two. For<br />

several reasons, including their relatively bulky<br />

size, most vanadium batteries are currently used<br />

for grid energy storage, such as being attached<br />

to power plants or electrical grids.<br />

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<strong>QYResearch</strong><br />

According to <strong>QYResearch</strong>, <strong>In</strong> the last several years, <strong>Global</strong> market <strong>of</strong> <strong>Vanadium</strong> <strong>Redox</strong><br />

<strong>Battery</strong> developed rapidly, with an average growth rate <strong>of</strong> 97.47%. <strong>In</strong> <strong>2017</strong>, <strong>Global</strong> <strong>Revenue</strong><br />

<strong>of</strong> <strong>Vanadium</strong> <strong>Redox</strong> <strong>Battery</strong> <strong>is</strong> <strong>nearly</strong> <strong>2584.04</strong> M <strong>USD</strong>; the actual production <strong>is</strong> about 994.41<br />

MW..<br />

The global average price <strong>of</strong> <strong>Vanadium</strong> <strong>Redox</strong> <strong>Battery</strong> <strong>is</strong> in the decreasing trend, from<br />

3891<strong>USD</strong>/KW in 2012 to 2829 <strong>USD</strong>/KW in <strong>2017</strong>. With the situation <strong>of</strong> global economy, prices<br />

will be in decreasing trend in the following five years.<br />

The classification <strong>of</strong> <strong>Vanadium</strong> <strong>Redox</strong> <strong>Battery</strong> includes Carbon Paper Electrode and Graphite<br />

Felt Electrode, and the proportion <strong>of</strong> Carbon Paper Electrode in <strong>2017</strong> <strong>is</strong> about 29.28%, and<br />

the proportion <strong>is</strong> in decreasing trend from 2012 to <strong>2017</strong>.<br />

<strong>Vanadium</strong> <strong>Redox</strong> <strong>Battery</strong> <strong>is</strong> widely used in Large-Scale Energy Storage,<br />

Uninterruptible Power Supply and other field. The most proportion <strong>of</strong> <strong>Vanadium</strong> <strong>Redox</strong><br />

<strong>Battery</strong> <strong>is</strong> Large-Scale Energy Storage, and the revenue in <strong>2017</strong> <strong>is</strong> 2580.17 M <strong>USD</strong>. The trend<br />

<strong>of</strong> Large-Scale Energy Storage <strong>is</strong> increasing.<br />

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<strong>QYResearch</strong><br />

North America <strong>is</strong> the largest supplier <strong>of</strong><br />

<strong>Vanadium</strong> <strong>Redox</strong> <strong>Battery</strong>, with a production<br />

market share <strong>nearly</strong> 37.10% in <strong>2017</strong>. China<br />

<strong>is</strong> the second largest supplier <strong>of</strong> <strong>Vanadium</strong><br />

<strong>Redox</strong> <strong>Battery</strong> Media, enjoying production<br />

market share <strong>nearly</strong> 36.41% in 2016.<br />

North America <strong>is</strong> the largest consumption<br />

place, with a consumption market share<br />

<strong>nearly</strong> 50.43% in <strong>2017</strong>. Following North<br />

America, Europe <strong>is</strong> the second largest<br />

consumption place with the consumption<br />

market share <strong>of</strong> 23.68%.<br />

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<strong>QYResearch</strong><br />

Market competition <strong>is</strong> not intense.<br />

UniEnergy Technologies, Rongke<br />

Power, Sumitomo Electric <strong>In</strong>dustries,<br />

etc. are the leaders <strong>of</strong> the industry,<br />

and they have been formed in the<br />

monopoly position in the industry.<br />

More <strong>In</strong>fo: http://www.qyresearchglobal.com/goods-1452594.html<br />

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