Global Vanadium Redox Battery Business Report 2023: Market to Reach $1.3 Billion by 2030 - U.S. Market is Estimated at $52 Million, While China is Forecast to Grow at 29.1% CAGR - ResearchAndMarkets.com
Growth in the CARBON PAPER ELECTRODES segment is estimated at 22.4% CAGR for the next 8-year period.
- Growth in the CARBON PAPER ELECTRODES segment is estimated at 22.4% CAGR for the next 8-year period.
- The global Vanadium Redox Battery (VRB) market has been impacted by the COVID-19 pandemic.
- However, despite the challenges, investments in clean energy and efficiency technologies have continued to grow, which includes the VRB market.
- The Vanadium Redox Battery market in the U.S. is estimated at US$52 Million in the year 2022.