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.
This report contains market size and forecasts of Ion Exchange Membrane of All-Vanadium Redox Flow Battery in global, including the following market information:
Global Ion Exchange Membrane of All-Vanadium Redox Flow Battery Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Ion Exchange Membrane of All-Vanadium Redox Flow Battery Market Sales, 2017-2022, 2023-2028, (Sqm)
Global top five Ion Exchange Membrane of All-Vanadium Redox Flow Battery companies in 2021 (%)
The global Ion Exchange Membrane of All-Vanadium Redox Flow Battery market was valued at 22 million in 2021 and is projected to reach US$ 70 million by 2028, at a CAGR of 18.2% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Full-fluorinion Ion Exchange Membrane Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Ion Exchange Membrane of All-Vanadium Redox Flow Battery include Chemours Company, FuMa-Tech, Golden Energy Fuel Cell and Dalian Institute of Chemical Physics, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Ion Exchange Membrane of All-Vanadium Redox Flow Battery manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Ion Exchange Membrane of All-Vanadium Redox Flow Battery Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Sqm)
Global Ion Exchange Membrane of All-Vanadium Redox Flow Battery Market Segment Percentages, by Type, 2021 (%)
Full-fluorinion Ion Exchange Membrane
Non-fluorinion Ion Exchange Membrane
Others
Global Ion Exchange Membrane of All-Vanadium Redox Flow Battery Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Sqm)
Global Ion Exchange Membrane of All-Vanadium Redox Flow Battery Market Segment Percentages, by Application, 2021 (%)
Large-Scale Energy Storage
Industrial Grid Adjustment and Management
Others
Global Ion Exchange Membrane of All-Vanadium Redox Flow Battery Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Sqm)
Global Ion Exchange Membrane of All-Vanadium Redox Flow Battery Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Ion Exchange Membrane of All-Vanadium Redox Flow Battery revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Ion Exchange Membrane of All-Vanadium Redox Flow Battery revenues share in global market, 2021 (%)
Key companies Ion Exchange Membrane of All-Vanadium Redox Flow Battery sales in global market, 2017-2022 (Estimated), (Sqm)
Key companies Ion Exchange Membrane of All-Vanadium Redox Flow Battery sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Chemours Company
FuMa-Tech
Golden Energy Fuel Cell
Dalian Institute of Chemical Physics