市場調查報告書

釩氧化還原電池市場增長,趨勢,預測(2020-2025)

Vanadium Redox Battery Market - Growth, Trends, and Forecasts (2020 - 2025)

出版商 Mordor Intelligence LLP 商品編碼 946559
出版日期 內容資訊 英文 110 Pages
商品交期: 2-3個工作天內
價格
釩氧化還原電池市場增長,趨勢,預測(2020-2025) Vanadium Redox Battery Market - Growth, Trends, and Forecasts (2020 - 2025)
出版日期: 2020年06月01日內容資訊: 英文 110 Pages
簡介

在2020年至2025年的預測期內,釩氧化還原電池市場預計將以9.5%的複合年增長率增長。諸如電池處置對環境的影響減少以及更大的電解液儲罐所帶來的能源容量增加等因素可能會驅動市場。釩氧化還原電池的使用壽命超過20年,沒有火災隱患,沒有任何反應性或有毒物質,比鋰離子和鉛酸電池更環保。但是,低能量密度和高成本可能會在預測期內阻礙市場增長。

  • 由於可再生能源發電機(太陽能電池板和風力渦輪機)的增加以及儲能技術的持續增長,公用事業部門預計將顯著增長,這有望推動市場。
  • 隨著可再生能源的迅猛發展,各種組織一直在不斷努力實現更好的能源密度和高效的儲能設施。我們也可以期望改善電池的循環特性。因此,有望在不久的將來為市場增長提供機會。
  • 由於中國和印度等國家的需求,預計亞太地區將主導市場。

該報告調查了釩氧化還原電池市場,市場概況,市場增長因素和阻礙因素的分析,市場規模趨勢和最終用戶和地區的預測,競爭情況,主要公司的概況,我們提供全面的信息,例如市場機會。

內容

第1章簡介

第2章執行摘要

第3章調查方法

第4章市場概述

  • 簡介
  • 到2025年的市場規模和需求預測
  • 近期趨勢和發展
  • 政府政策和法規
  • 市場動態
    • 促進要因
    • 抑制因子
  • 供應鏈分析
  • 波特的五力分析

第5章市場細分

  • 按最終用戶
    • 實用程序
    • 用於商業用途
    • 其他
  • 按地區
    • 北美
    • 歐洲
    • 亞太地區
    • 南美洲
    • 中東/非洲

第6章競爭情況

  • 併購,合資,合作和合同
  • 主要公司採用的策略
  • 公司簡介
    • VRB Energy
    • VanadiumCorp Resource Inc.
    • Invinity Energy Solutions
    • Solibra Energy Storage Technologies GmbH
    • UniEnergy Technologies
    • H2 Inc.
    • Big pawer Electrical Technology Xiangyang Inc. Co.,Ltd

第7章市場機會和未來趨勢

目錄
Product Code: 70305

The vanadium redox battery market is expected to grow at a CAGR of around 9.5% during the forecast period. Factors such as the lower environmental impact of battery disposal and high energy capacity by having larger electrolyte storage tanks are likely to drive the market in the coming years. With a life span of more than 20 years and no presence of fire hazard and highly reactive or toxic substance, vanadium redox battery is more environmentally friendly than lithium-ion and lead-acid batteries. However, low energy density and high capital costs are likely to hinder the market growth during the forecast period.

  • The utility sector is expected to witness significant growth owing to the increasing deployment of renewable energy generators (solar panels and wind turbines) and the continuous growth for energy storage technology, which is expected to drive the market.
  • With the rapid growth of renewable energy applications, different organizations have made continuous efforts to have better energy density and efficient energy storage facilities. Numerous research and developments are taking place on the development of the membrane that separates the positive and negative terminals and prevents cross mixing of vanadium ions while providing required ionic conductivity. Development of Cation Exchange Membrane (CEM), Anion Exchange Membrane (AEM), and Amphoteric Ion Exchange Membrane (AIEM) membranes are likely to increase the ionic exchange in between the terminals. Moreover, it is expected to improve the battery's cyclability performance of the battery. Thus, it is expected to render an opportunity for the growth of the market in the near future.
  • Asia-Pacific is expected to dominate the market with majority of the demand coming from the countries such as the China and India.

Key Market Trends

Utility Sector to Witness Significant Growth

  • With the growing carbon emissions around the world, the deployment of both solar panels and wind turbines are increasing over the years. Both the technology requires energy storage facility to use it during peak hours. Vanadium redox battery is one of the ideal solutions to store the surplus energy generated by both the technologies.
  • During 2019, solar and wind energy have an installed capacity of around 586.4 gigawatts (GW) and 622.7GW, respectively. With government initiatives, these capacities are likely to increase during the forecast period.
  • On account of its technical advantages over lithium and lead-acid batteries, increasing the installation of solar panels and wind turbines are likely to increase the possibility of vanadium redox battery installation.
  • Vanadium redox battery is suitable for grid and off-grid connections. Unlike a lithium-ion battery, it can be discharged completely, the electrolyte can be re-used and doesn't need to be disposed of. Moreover, the electrolyte used in aqueous and inherently safe and non-flammable.
  • According to the International Energy Agency (IEA), solar photovoltaic and wind energy sectors are likely to increase its capacity to more than 970GW and 830GW by 2025, which is expected to expand the vanadium redox battery market during the forecast period.

Asia-Pacific Likely to Dominate the Market

  • Asia-Pacific is expected to dominate the vanadium redox battery market as the region has several operational flow battery installations with large power ratings.
  • Countries such as China, India, Japan, and Australia are striving to boost their large-scale energy storage capacity through battery technologies that could, in turn, enhance electric stability.
  • As of 2019, China holds the highest capacity of flow batteries installed compared to other countries in the Asia-Pacific region.
  • In January 2019, VRB Energy, a manufacturer of vanadium redox battery, commissioned the first phase of a 10MW / 40MWh flow battery project in China. The first phase represents the commencing of 3MW / 12MWh of the project.
  • This project represents a key step in utilizing China's rich vanadium resources to renewable energy development that will transform the energy industry and help alleviate environmental problems.
  • In May 2019, the vanadium flow batteries set for grid-scale projects in Australia i.e., the Canadian company CellCube Energy Storage Systems and Pangea Energy, are planning to install a 50MW/200 MWh energy storage system in Port Augusta, South Australia. The project is likely to become operational in 2020.
  • Moreover, with existing and upcoming solar and wind projects in the region, many companies are keen on deploying and expanding its business in Asia-Pacific, which is expected to grow the market in the near future.

Competitive Landscape

The vanadium redox battery market is consolidated. The key players in the market include VRB Energy, VanadiumCorp Resource Inc., Invinity Energy Solutions, Solibra Energy Storage Technologies GmbH, UniEnergy Technologies, H2 Inc, and Big pawer Electrical Technology Xiangyang Inc. Co. Ltd. among others.

Reasons to Purchase this report:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

Table of Contents

1 INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY

4 MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD million, till 2025
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitute Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION

  • 5.1 End-User
    • 5.1.1 Utility
    • 5.1.2 Commercial
    • 5.1.3 Others
  • 5.2 Geography
    • 5.2.1 North America
    • 5.2.2 Europe
    • 5.2.3 Asia-Pacific
    • 5.2.4 South America
    • 5.2.5 Middle-East and Africa

6 COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 VRB Energy
    • 6.3.2 VanadiumCorp Resource Inc.
    • 6.3.3 Invinity Energy Solutions
    • 6.3.4 Solibra Energy Storage Technologies GmbH
    • 6.3.5 UniEnergy Technologies
    • 6.3.6 H2 Inc.
    • 6.3.7 Big pawer Electrical Technology Xiangyang Inc. Co.,Ltd

7 MARKET OPPORTUNITIES AND FUTURE TRENDS