What is driving rapid growth in the vanadium redox flow battery market?

Global demand for safe, 4–12 hour storage, Chinese cost leadership, and innovative financing such as electrolyte leasing are pushing a 17.85% CAGR through 2030. Read More

How large is the vanadium redox flow battery market size today?

The vanadium redox flow battery market size stands at USD 922.65 million in 2025 and is projected to surpass USD 2.09 billion by 2030. Read More

Which region is expanding fastest?

North America leads in growth with a 22–23% CAGR, fuelled by U.S. Department of Energy funding for flow-battery supply chains. Read More

Which region has the biggest share in Vanadium Redox Battery Market?

In 2025, the Asia Pacific accounts for the largest market share in Vanadium Redox Battery Market. Read More

Why are electrolyte costs so significant?

Electrolyte represents 40-45% of system value; leasing models converting this cost from capex to opex can cut upfront cash needs by roughly 40%. Read More

Global Vanadium Redox Flow Battery (VRFB) Companies

This report lists the top Global Vanadium Redox Flow Battery (VRFB) companies based on the 2023 & 2024 market share reports. Mordor Intelligence expert advisors conducted extensive research and identified these brands to be the leaders in the Global Vanadium Redox Flow Battery (VRFB) industry.