Boston, MA -- (SBWIRE) -- 05/11/2017 -- Vanadium redox battery is a secondary battery that uses liquid electrolyte instead of electrolyte plates for storing energy. These batteries are used in energy storage systems as a replacement for standard batteries such as lead-acid and lithium-ion (Li-ion) batteries. These batteries provide a minimum of 25 years of service without any maintenance, which gives vanadium redox batteries an edge over other battery technologies.

Technavio's analysts forecast the global vanadium redox battery market to grow at a CAGR of 8.5% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global vanadium redox battery market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

Get More Details on this Report and a Full Table of Contents at Global Vanadium Redox Battery Market 2017-2021

The market is divided into the following segments based on geography:

-Americas
-APAC
-EMEA

Technavio's report, Global Vanadium Redox Battery Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

-GILDEMEISTER energy solutions
-redT energy
-UniEnergy Technologies
-VanadiumCorp Resource
-Vionx Energy

Other prominent vendors

-Australian Vanadium
-Bushveld Energy
-Cellennium (Thailand)
-Prudent Energy
-Redflow
-Sparton Resources
-Sumitomo Electric Industries

Market driver

-Growing demand for power backup solutions.
-For a full, detailed list, view our report

Market challenge

-Technical challenges related to vanadium redox batteries.
-For a full, detailed list, view our report

Market trend

-Increasing applications of vanadium redox batteries.
-For a full, detailed list, view our report

Key questions answered in this report

-What will the market size be in 2021 and what will the growth rate be?
-What are the key market trends?
-What is driving this market?
-What are the challenges to market growth?
-Who are the key vendors in this market space?
-What are the market opportunities and threats faced by the key vendors?
-What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: GILDEMEISTER energy solutions, redT energy, UniEnergy Technologies, VanadiumCorp Resource, Vionx Energy, Australian Vanadium, Bushveld Energy, Cellennium (Thailand), Prudent Energy, Redflow, Sparton Resources, Sumitomo Electric Industries

About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Energy research reports at Fast Market Research

You may also be interested in these related reports:

-Global Lithium Ion Battery Market 2016-2020
-Global Battery Market for E-scooters 2016-2020
-Global Valve Regulated Lead Acid Batteries Market 2016-2020
-Global Battery Recycling Market 2017-2021
-Global Battery Market for Railways 2016-2020