Lucintel Forecasts the Global Vanadium Redox Battery Market to Reach $1.3 billion by 2030
Lucintel Forecasts the Global Vanadium Redox Battery Market to Reach $1.3 billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global vanadium redox battery market looks promising with opportunities in the automotive, telecom, power generation, and electric appliance markets. The global vanadium redox battery market is expected to reach an estimated $1.3 billion by 2030 from $0.4 billion in 2024, at a CAGR of 20.2% from 2024 to 2030. The major drivers for this market are rise demand for the mobile electricity storage system and rising government initiatives towards clean energy promotion.
A more than 150-page report to understand trends, opportunity and forecast in vanadium redox battery market to 2030 by application (energy storage, uninterrupted power supply, emergency power supply, and others), end use (automotive, telecom, power generation, electric appliances, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that energy storage is expected to witness the highest growth over the forecast period.
Within this market, power generation is expected to witness the highest growth over the forecast period.
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APAC is expected to witness highest growth over the forecast period.
H2, Dalian Rongke Power, HydraRedox Iberia, Invinity Energy systems, LE Systems, Pinflow Energy Storage, StorEn Technologies, Storion energy, Sumitomo Industries, UniEnergy tech. are the major suppliers in the vanadium redox battery market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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