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Home > Global Vanadium Redox Battery (VRB) Sales Market Report, Competitive Analysis and Regional Opportunities 2025-2031

Global Vanadium Redox Battery (VRB) Sales Market Report, Competitive Analysis and Regional Opportunities 2025-2031

Publication ID: 
PB504255816
Publication Date: 
April 10, 2025
Pages: 
77
Publisher: 
MRRPB5
Countries: 
Global [1]
USD 4,250.00

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Electricity [2]
Energy & Utilities [3]
Description: 

The global Vanadium Redox Battery (VRB) market size was US$ 2327 million in 2024 and is forecast to a readjusted size of US$ 21900 million by 2031 with a CAGR of 38.3% during the forecast period 2025-2031.
The vanadium redox battery (VRB) (or Vanadium flow battery) is a type of rechargeable flow battery that employs vanadium ions in different oxidation states to store chemical potential energy. The vanadium redox battery exploits the ability of vanadium to exist in solution in four different oxidation states, and uses this property to make a battery that has just one electro active element instead of two. For several reasons, including their relatively bulky size, most vanadium batteries are currently used for grid energy storage, such as being attached to power plants or electrical grids.
Unlike other RFBs, vanadium redox flow batteries (VRBs) use only one element (vanadium) in both tanks, exploiting vanadium’s ability to exist in several states. By using one element in both tanks, VRBs can overcome cross-contamination degradation, a significant issue with other RFB chemistries that use more than one element. The energy density of VRBs depends on the concentration of vanadium: the higher the concentration, the higher the energy density.
Rongke Power, Sumitomo Electric Industries and VRB ENERGY are the main producers of vanadium REDOX batteries (VRBs). Rongke Power is the world"s first, accounting for about 40% of the market, and the top 3 accounted for about 70%.
China is the largest producing region, accounting for about 60% of the world"s total, followed by Japan at about 20%.
The global Vanadium Redox Battery (VRB) market is strategically segmented by company, region (country), by Type, and by Application. This report empowers stakeholders to capitalize on emerging opportunities, optimize product strategies, and outperform competitors through data-driven insights on sales, revenue, and forecasts across regions, by Type, and by Application for 2020-2031.
Market Segmentation
By Company:
Dalian Rongke Power
Sumitomo Electric
VRB ENERGY
Largo Clean Energy
Invinity Energy Systems
Big Pawer
H2, Inc.
CellCube Energy Storage
Shanghai Electric
By Type: (Dominant Segment vs High-Margin Innovation)
Carbon Paper Electrode
Graphite Felt Electrode
By Application: (Core Demand Driver vs Emerging Opportunity)
Utility Facilities
Renewable Energy Integration
Others
By Region
Macro-Regional Analysis: Market Size & Growth Forecasts
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Micro-Local Market Deep Dive: Strategic Insights
- Competitive Landscape: Player dominance vs. disruptors (e.g., Dalian Rongke Power in Europe)
- Emerging Product Trends: Carbon Paper Electrode adoption vs. Graphite Felt Electrode premiumization
- Demand-Side Dynamics: Utility Facilities growth in China vs. Renewable Energy Integration potential in North America
- Localized Consumer Needs: Regulatory hurdles in EU vs. price sensitivity in India
Focus Markets:
North America
Europe
China
Japan
Chapter Outline
Chapter 1: Report scope, executive summary, and market evolution scenarios (short/mid/long term).
Chapter 2: Quantitative analysis of Vanadium Redox Battery (VRB) market size and growth potential at global, regional, and country levels.
Chapter 3: Competitive benchmarking of manufacturers (revenue, market share, M&A, R&D focus).
Chapter 4: Type-based segmentation analysis – Uncovering blue ocean markets (e.g., Graphite Felt Electrode in China).
Chapter 5: Application-based segmentation analysis – High-growth downstream opportunities (e.g., Renewable Energy Integration in India).
Chapter 6: Regional sales and revenue breakdown by company, type, application and customer.
Chapter 7: Key manufacturer profiles – Financials, product portfolios, and strategic developments.
Chapter 8: Market dynamics – Drivers, restraints, regulatory impacts, and risk mitigation strategies.
Chapter 9: Actionable conclusions and strategic recommendations.
Why This Report?
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Vanadium Redox Battery (VRB) value chain, addressing:
- Market entry risks/opportunities by region
- Product mix optimization based on local practices
- Competitor tactics in fragmented vs. consolidated markets

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Table Of Contents: 

1 Market Overview
1.1 Vanadium Redox Battery (VRB) Product Scope
1.2 Vanadium Redox Battery (VRB) by Type
1.2.1 Global Vanadium Redox Battery (VRB) Sales by Type (2020 & 2024 & 2031)
1.2.2 Carbon Paper Electrode
1.2.3 Graphite Felt Electrode
1.3 Vanadium Redox Battery (VRB) by Application
1.3.1 Global Vanadium Redox Battery (VRB) Sales Comparison by Application (2020 & 2024 & 2031)
1.3.2 Utility Facilities
1.3.3 Renewable Energy Integration
1.3.4 Others
1.4 Global Vanadium Redox Battery (VRB) Market Estimates and Forecasts (2020-2031)
1.4.1 Global Vanadium Redox Battery (VRB) Market Size in Value Growth Rate (2020-2031)
1.4.2 Global Vanadium Redox Battery (VRB) Market Size in Volume Growth Rate (2020-2031)
1.4.3 Global Vanadium Redox Battery (VRB) Price Trends (2020-2031)
1.5 Assumptions and Limitations
2 Market Size and Prospective by Region
2.1 Global Vanadium Redox Battery (VRB) Market Size by Region: 2020 VS 2024 VS 2031
2.2 Global Vanadium Redox Battery (VRB) Retrospective Market Scenario by Region (2020-2025)
2.2.1 Global Vanadium Redox Battery (VRB) Sales Market Share by Region (2020-2025)
2.2.2 Global Vanadium Redox Battery (VRB) Revenue Market Share by Region (2020-2025)
2.3 Global Vanadium Redox Battery (VRB) Market Estimates and Forecasts by Region (2026-2031)
2.3.1 Global Vanadium Redox Battery (VRB) Sales Estimates and Forecasts by Region (2026-2031)
2.3.2 Global Vanadium Redox Battery (VRB) Revenue Forecast by Region (2026-2031)
2.4 Major Region and Emerging Market Analysis
2.4.1 North America Vanadium Redox Battery (VRB) Market Size and Prospective (2020-2031)
2.4.2 Europe Vanadium Redox Battery (VRB) Market Size and Prospective (2020-2031)
2.4.3 China Vanadium Redox Battery (VRB) Market Size and Prospective (2020-2031)
2.4.4 Japan Vanadium Redox Battery (VRB) Market Size and Prospective (2020-2031)
3 Global Market Size by Type
3.1 Global Vanadium Redox Battery (VRB) Historic Market Review by Type (2020-2025)
3.1.1 Global Vanadium Redox Battery (VRB) Sales by Type (2020-2025)
3.1.2 Global Vanadium Redox Battery (VRB) Revenue by Type (2020-2025)
3.1.3 Global Vanadium Redox Battery (VRB) Price by Type (2020-2025)
3.2 Global Vanadium Redox Battery (VRB) Market Estimates and Forecasts by Type (2026-2031)
3.2.1 Global Vanadium Redox Battery (VRB) Sales Forecast by Type (2026-2031)
3.2.2 Global Vanadium Redox Battery (VRB) Revenue Forecast by Type (2026-2031)
3.2.3 Global Vanadium Redox Battery (VRB) Price Forecast by Type (2026-2031)
3.3 Different Types Vanadium Redox Battery (VRB) Representative Players
4 Global Market Size by Application
4.1 Global Vanadium Redox Battery (VRB) Historic Market Review by Application (2020-2025)
4.1.1 Global Vanadium Redox Battery (VRB) Sales by Application (2020-2025)
4.1.2 Global Vanadium Redox Battery (VRB) Revenue by Application (2020-2025)
4.1.3 Global Vanadium Redox Battery (VRB) Price by Application (2020-2025)
4.2 Global Vanadium Redox Battery (VRB) Market Estimates and Forecasts by Application (2026-2031)
4.2.1 Global Vanadium Redox Battery (VRB) Sales Forecast by Application (2026-2031)
4.2.2 Global Vanadium Redox Battery (VRB) Revenue Forecast by Application (2026-2031)
4.2.3 Global Vanadium Redox Battery (VRB) Price Forecast by Application (2026-2031)
4.3 New Sources of Growth in Vanadium Redox Battery (VRB) Application
5 Competition Landscape by Players
5.1 Global Vanadium Redox Battery (VRB) Sales by Players (2020-2025)
5.2 Global Top Vanadium Redox Battery (VRB) Players by Revenue (2020-2025)
5.3 Global Vanadium Redox Battery (VRB) Market Share by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Vanadium Redox Battery (VRB) as of 2024)
5.4 Global Vanadium Redox Battery (VRB) Average Price by Company (2020-2025)
5.5 Global Key Manufacturers of Vanadium Redox Battery (VRB), Manufacturing Sites & Headquarters
5.6 Global Key Manufacturers of Vanadium Redox Battery (VRB), Product Type & Application
5.7 Global Key Manufacturers of Vanadium Redox Battery (VRB), Date of Enter into This Industry
5.8 Manufacturers Mergers & Acquisitions, Expansion Plans
6 Region Analysis
6.1 North America Market: Players, Segments, Downstream and Major Customers
6.1.1 North America Vanadium Redox Battery (VRB) Sales by Company
6.1.1.1 North America Vanadium Redox Battery (VRB) Sales by Company (2020-2025)
6.1.1.2 North America Vanadium Redox Battery (VRB) Revenue by Company (2020-2025)
6.1.2 North America Vanadium Redox Battery (VRB) Sales Breakdown by Type (2020-2025)
6.1.3 North America Vanadium Redox Battery (VRB) Sales Breakdown by Application (2020-2025)
6.1.4 North America Vanadium Redox Battery (VRB) Major Customer
6.1.5 North America Market Trend and Opportunities
6.2 Europe Market: Players, Segments, Downstream and Major Customers
6.2.1 Europe Vanadium Redox Battery (VRB) Sales by Company
6.2.1.1 Europe Vanadium Redox Battery (VRB) Sales by Company (2020-2025)
6.2.1.2 Europe Vanadium Redox Battery (VRB) Revenue by Company (2020-2025)
6.2.2 Europe Vanadium Redox Battery (VRB) Sales Breakdown by Type (2020-2025)
6.2.3 Europe Vanadium Redox Battery (VRB) Sales Breakdown by Application (2020-2025)
6.2.4 Europe Vanadium Redox Battery (VRB) Major Customer
6.2.5 Europe Market Trend and Opportunities
6.3 China Market: Players, Segments, Downstream and Major Customers
6.3.1 China Vanadium Redox Battery (VRB) Sales by Company
6.3.1.1 China Vanadium Redox Battery (VRB) Sales by Company (2020-2025)
6.3.1.2 China Vanadium Redox Battery (VRB) Revenue by Company (2020-2025)
6.3.2 China Vanadium Redox Battery (VRB) Sales Breakdown by Type (2020-2025)
6.3.3 China Vanadium Redox Battery (VRB) Sales Breakdown by Application (2020-2025)
6.3.4 China Vanadium Redox Battery (VRB) Major Customer
6.3.5 China Market Trend and Opportunities
6.4 Japan Market: Players, Segments, Downstream and Major Customers
6.4.1 Japan Vanadium Redox Battery (VRB) Sales by Company
6.4.1.1 Japan Vanadium Redox Battery (VRB) Sales by Company (2020-2025)
6.4.1.2 Japan Vanadium Redox Battery (VRB) Revenue by Company (2020-2025)
6.4.2 Japan Vanadium Redox Battery (VRB) Sales Breakdown by Type (2020-2025)
6.4.3 Japan Vanadium Redox Battery (VRB) Sales Breakdown by Application (2020-2025)
6.4.4 Japan Vanadium Redox Battery (VRB) Major Customer
6.4.5 Japan Market Trend and Opportunities
7 Company Profiles and Key Figures
7.1 Dalian Rongke Power
7.1.1 Dalian Rongke Power Company Information
7.1.2 Dalian Rongke Power Business Overview
7.1.3 Dalian Rongke Power Vanadium Redox Battery (VRB) Sales, Revenue and Gross Margin (2020-2025)
7.1.4 Dalian Rongke Power Vanadium Redox Battery (VRB) Products Offered
7.1.5 Dalian Rongke Power Recent Development
7.2 Sumitomo Electric
7.2.1 Sumitomo Electric Company Information
7.2.2 Sumitomo Electric Business Overview
7.2.3 Sumitomo Electric Vanadium Redox Battery (VRB) Sales, Revenue and Gross Margin (2020-2025)
7.2.4 Sumitomo Electric Vanadium Redox Battery (VRB) Products Offered
7.2.5 Sumitomo Electric Recent Development
7.3 VRB ENERGY
7.3.1 VRB ENERGY Company Information
7.3.2 VRB ENERGY Business Overview
7.3.3 VRB ENERGY Vanadium Redox Battery (VRB) Sales, Revenue and Gross Margin (2020-2025)
7.3.4 VRB ENERGY Vanadium Redox Battery (VRB) Products Offered
7.3.5 VRB ENERGY Recent Development
7.4 Largo Clean Energy
7.4.1 Largo Clean Energy Company Information
7.4.2 Largo Clean Energy Business Overview
7.4.3 Largo Clean Energy Vanadium Redox Battery (VRB) Sales, Revenue and Gross Margin (2020-2025)
7.4.4 Largo Clean Energy Vanadium Redox Battery (VRB) Products Offered
7.4.5 Largo Clean Energy Recent Development
7.5 Invinity Energy Systems
7.5.1 Invinity Energy Systems Company Information
7.5.2 Invinity Energy Systems Business Overview
7.5.3 Invinity Energy Systems Vanadium Redox Battery (VRB) Sales, Revenue and Gross Margin (2020-2025)
7.5.4 Invinity Energy Systems Vanadium Redox Battery (VRB) Products Offered
7.5.5 Invinity Energy Systems Recent Development
7.6 Big Pawer
7.6.1 Big Pawer Company Information
7.6.2 Big Pawer Business Overview
7.6.3 Big Pawer Vanadium Redox Battery (VRB) Sales, Revenue and Gross Margin (2020-2025)
7.6.4 Big Pawer Vanadium Redox Battery (VRB) Products Offered
7.6.5 Big Pawer Recent Development
7.7 H2, Inc.
7.7.1 H2, Inc. Company Information
7.7.2 H2, Inc. Business Overview
7.7.3 H2, Inc. Vanadium Redox Battery (VRB) Sales, Revenue and Gross Margin (2020-2025)
7.7.4 H2, Inc. Vanadium Redox Battery (VRB) Products Offered
7.7.5 H2, Inc. Recent Development
7.8 CellCube Energy Storage
7.8.1 CellCube Energy Storage Company Information
7.8.2 CellCube Energy Storage Business Overview
7.8.3 CellCube Energy Storage Vanadium Redox Battery (VRB) Sales, Revenue and Gross Margin (2020-2025)
7.8.4 CellCube Energy Storage Vanadium Redox Battery (VRB) Products Offered
7.8.5 CellCube Energy Storage Recent Development
7.9 Shanghai Electric
7.9.1 Shanghai Electric Company Information
7.9.2 Shanghai Electric Business Overview
7.9.3 Shanghai Electric Vanadium Redox Battery (VRB) Sales, Revenue and Gross Margin (2020-2025)
7.9.4 Shanghai Electric Vanadium Redox Battery (VRB) Products Offered
7.9.5 Shanghai Electric Recent Development
8 Vanadium Redox Battery (VRB) Manufacturing Cost Analysis
8.1 Vanadium Redox Battery (VRB) Key Raw Materials Analysis
8.1.1 Key Raw Materials
8.1.2 Key Suppliers of Raw Materials
8.2 Proportion of Manufacturing Cost Structure
8.3 Manufacturing Process Analysis of Vanadium Redox Battery (VRB)
8.4 Vanadium Redox Battery (VRB) Industrial Chain Analysis
9 Marketing Channel, Distributors and Customers
9.1 Marketing Channel
9.2 Vanadium Redox Battery (VRB) Distributors List
9.3 Vanadium Redox Battery (VRB) Customers
10 Vanadium Redox Battery (VRB) Market Dynamics
10.1 Vanadium Redox Battery (VRB) Industry Trends
10.2 Vanadium Redox Battery (VRB) Market Drivers
10.3 Vanadium Redox Battery (VRB) Market Challenges
10.4 Vanadium Redox Battery (VRB) Market Restraints
11 Research Findings and Conclusion
12 Appendix
12.1 Research Methodology
12.1.1 Methodology/Research Approach
12.1.1.1 Research Programs/Design
12.1.1.2 Market Size Estimation
12.1.1.3 Market Breakdown and Data Triangulation
12.1.2 Data Source
12.1.2.1 Secondary Sources
12.1.2.2 Primary Sources
12.2 Author Details
12.3 Disclaimer

Companies Mentioned: 

Dalian Rongke Power
Sumitomo Electric
VRB ENERGY
Largo Clean Energy
Invinity Energy Systems
Big Pawer
H2, Inc.
CellCube Energy Storage
Shanghai Electric

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