Global Ion Exchange Membrane of All-Vanadium Redox Flow Battery Market Insights, Forecast to 2025

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.
The Ion Exchange Membrane of All-Vanadium Redox Flow Battery market was valued at 10 Million US$ in 2018 and is projected to reach 39 Million US$ by 2025, at a CAGR of 19.0% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Ion Exchange Membrane of All-Vanadium Redox Flow Battery.

This report presents the worldwide Ion Exchange Membrane of All-Vanadium Redox Flow Battery market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

The following manufacturers are covered in this report:
Chemours (DuPont)
FuMa-Tech
Golden Energy Fuel Cell
Dalian Institute of Chemical Physics

Ion Exchange Membrane of All-Vanadium Redox Flow Battery Breakdown Data by Type
Full-fluorinion Ion Exchange Membrane
Non-fluorinion Ion Exchange Membrane
Others
Ion Exchange Membrane of All-Vanadium Redox Flow Battery Breakdown Data by Application
Renewable Power Supply
Industrial Grid (Excluding Renewable Power) Adjustment and Management

Ion Exchange Membrane of All-Vanadium Redox Flow Battery Production by Region
United States
Europe
China
Japan
South Korea
Other Regions

Ion Exchange Membrane of All-Vanadium Redox Flow Battery Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa

The study objectives are:
To analyze and research the global Ion Exchange Membrane of All-Vanadium Redox Flow Battery status and future forecast，involving, production, revenue, consumption, historical and forecast.
To present the key Ion Exchange Membrane of All-Vanadium Redox Flow Battery manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

In this study, the years considered to estimate the market size of Ion Exchange Membrane of All-Vanadium Redox Flow Battery :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025

This report includes the estimation of market size for value (million USD) and volume (K sqm). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Ion Exchange Membrane of All-Vanadium Redox Flow Battery market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.

For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

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