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 electroactive element instead of two.
As the schematic shown in Fig, a vanadium redox-flow battery has two chambers, a positive chamber and a negative chamber, separated by an ion-exchange membrane. These two chambers are circulated with electrolytes containing active species of vanadium in different valence states, VO2+/VO2+ in the positive electrolyte and V2+/V3+ in the negative electrolyte. During discharge process, VO2+ is reduced to VO2+ at the positive electrode and V2+ is oxidized to V3+ at the negative electrode, as shown in Equation(1) and (2). The reactions proceed in the opposite direction during charge process. The active species are normally dissolved in a strong acid, and the protons transport across the ion-exchange membrane to balance the charge.
In our report, we cover the ion exchange membrane of all-vanadium redox flow battery. Commercial ion-exchange membranes should have high proton conductivity, good selectivity, and especially low cost. At present, ion-exchange membrane prices are still too high. This affects the installed capacity of vanadium redox flow battery.
According to this study, over the next five years the Ion Exchange Membrane of All-Vanadium Redox Flow Battery market will register a 18.8% CAGR in terms of revenue, the global market size will reach US$ 27 million by 2024, from US$ 10 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Ion Exchange Membrane of All-Vanadium Redox Flow Battery business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Ion Exchange Membrane of All-Vanadium Redox Flow Battery market by product type, application, key manufacturers and key regions and countries.
This study considers the Ion Exchange Membrane of All-Vanadium Redox Flow Battery value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Full-fluorinion Ion Exchange Membrane
Non-fluorinion Ion Exchange Membrane
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Renewable Power Supply
Industrial Grid (Excluding Renewable Power) Adjustment and Management
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Golden Energy Fuel Cell
Dalian Institute of Chemical Physics
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Ion Exchange Membrane of All-Vanadium Redox Flow Battery consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Ion Exchange Membrane of All-Vanadium Redox Flow Battery market by identifying its various subsegments.
Focuses on the key global Ion Exchange Membrane of All-Vanadium Redox Flow Battery manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Ion Exchange Membrane of All-Vanadium Redox Flow Battery with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Ion Exchange Membrane of All-Vanadium Redox Flow Battery submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.