Ion Exchange Membrane of All-Vanadium Redox Flow Battery Market Revenue, Insights, Overview, Outlook, Analysis
The market for ion exchange membranes used in all-vanadium redox flow batteries
In 2022, the worldwide market for Ion Exchange Membrane of All-Vanadium Redox Flow Battery was worth US$ 21 million. However, it is expected to grow significantly and reach US$ 72 million by 2029. This upward trend is projected to continue with a Compound Annual Growth Rate (CAGR) of 19.0% from 2023 to 2029.
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Market Share of Ion Exchange Membrane in All-Vanadium Redox Flow Battery
Some of the major players in the global market for ion exchange membranes in all-vanadium redox flow batteries include Chemours (formerly DuPont), among others. The top players in the global market hold approximately 90% of the market share.
The biggest market is found in North America, which holds about 90% of the market share. China and Europe follow suit, collectively making up only 5% of the share. When it comes to the type of product, the most dominant segment is the Full-fluorinion Ion Exchange Membrane, holding around 60% of the market share. In terms of application, the largest usage is in Large-Scale Energy Storage, followed by tasks like Industrial Grid Adjustment and Management, amongst others.
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Categorized By Category • Fully fluorinated Ion Exchange Membrane • Non-fluorinated Ion Exchange Membrane • Miscellaneous
According to its usage • Huge Energy Reserve • Manipulation and Organization of Industrial Power Networks
Major Participants Chemours Corporation, FuMa-Tech Corporation, Golden Energy Fuel Cell Company, Dalian Institute of Chemical Physics
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