Energy Storage - Vanadium Redox Flow Battery Market Statistics
The global energy storage vanadium redox flow battery market size was valued at US$ 398.7 million in 2023 and is estimated to grow at a compound annual growth rate (CAGR) of 19.6% from 2023 to 2030.
Related Statistics
No records
No related statistics found.
Energy storage - Vanadium redox flow battery market highlights
- The global energy storage segment generated a revenue of USD 398.7 million in 2023 and is expected to reach USD 1,394.8 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 19.7% by 2030.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
Market summary
| Market revenue in 2023 | USD 398.7 million |
| Market revenue in 2030 | USD 1,394.8 million |
| Growth rate | 19.7% (CAGR from 2024 to 2030) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Vanadium Redox Flow Battery Market Scope
Vanadium redox flow battery market segmentation & scope
Renewable Energy
Others
Uninterrupted Power Supply (UPS)
Utility Services
End Use
Power Generation
Chemical
Automotive
Energy & Utilities
Vanadium Redox Flow Battery Market Outlook
- HTML
- PPT
- -
Everything on Vanadium Redox Flow Battery Market Outlook in one document: edited and divided into chapters, including detailed references.
Related industry reports
Related Regional Reports
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
