DUBLIN–(BUSINESS WIRE)–The “Vanadium Redox Battery – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Amid the COVID-19 crisis, the global market for Vanadium Redox Battery estimated at US$234.9 Million in the year 2020, is projected to reach a revised size of US$4.8 Billion by 2027, growing at a CAGR of 54% over the analysis period 2020-2027.
Large-Scale Energy Storage, one of the segments analyzed in the report, is projected to grow at a 52% CAGR to reach US$3.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Uninterruptible Power Supply (UPS) segment is readjusted to a revised 63.7% CAGR for the next 7-year period. This segment currently accounts for a 12.2% share of the global Vanadium Redox Battery market.
The U. S. Accounts for Over 30.5% of Global Market Size in 2020, While China is Forecast to Grow at a 51.4% CAGR for the Period of 2020-2027
The Vanadium Redox Battery market in the U. S. is estimated at US$71.5 Million in the year 2020. The country currently accounts for a 30.45% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$766.9 Million in the year 2027 trailing a CAGR of 51.4% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 48% and 45.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 36.2% CAGR while Rest of European market (as defined in the study) will reach US$766.9 Million by the year 2027.
Emergency Power Supply Segment Corners a 5.8% Share in 2020
In the global Emergency Power Supply segment, USA, Canada, Japan, China and Europe will drive the 56.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$10.9 Million in the year 2020 will reach a projected size of US$246.6 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$599.2 Million by the year 2027.
The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others:
- Bushveld Energy
- Cellennium (Thailand) Company Limited
- GILDEMEISTER Energy Solutions GmbH
- Redflow Ltd.
- RedT Energy PLC
- Sumitomo Electric Industries Ltd.
- UniEnergy Technologies LLC (UET)
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Impact of Covid-19 and a Looming Global Recession
- Global Competitor Market Shares
- Vanadium Redox Battery Competitor Market Share Scenario Worldwide (in %): 2018E
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
- World Current & Future Analysis for Vanadium Redox Battery by Geographic Region – USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets – Independent Analysis of Annual Sales in US$ Million for Years 2018 through 2027
- World Historic Review for Vanadium Redox Battery by Geographic Region – USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets – Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017
- World 15-Year Perspective for Vanadium Redox Battery by Geographic Region – Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2012, 2018 & 2027
- World Current & Future Analysis for Large-Scale Energy Storage by Geographic Region – USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets – Independent Analysis of Annual Sales in US$ Million for Years 2018 through 2027
- World Historic Review for Large-Scale Energy Storage by Geographic Region – USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets – Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017
- World 15-Year Perspective for Large-Scale Energy Storage by Geographic Region – Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2018 & 2027
- World Current & Future Analysis for Uninterruptible Power Supply (UPS) by Geographic Region – USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets – Independent Analysis of Annual Sales in US$ Million for Years 2018 through 2027
- World Historic Review for Uninterruptible Power Supply (UPS) by Geographic Region – USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets – Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017
- World 15-Year Perspective for Uninterruptible Power Supply (UPS) by Geographic Region – Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2018 & 2027
- World Current & Future Analysis for Emergency Power Supply by Geographic Region – USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets – Independent Analysis of Annual Sales in US$ Million for Years 2018 through 2027
- World Historic Review for Emergency Power Supply by Geographic Region – USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets – Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017
- World 15-Year Perspective for Emergency Power Supply by Geographic Region – Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2018 & 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
IV. COMPETITION
- Total Companies Profiled: 68
For more information about this report visit https://www.researchandmarkets.com/r/3ct4bd
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