Global Battery Grade Vanadium Pentoxide Market Growth 2024-2030

Global Battery Grade Vanadium Pentoxide Market Growth 2024-2030

Vanadium pentoxide is gradually being used in the manufacture of lithium battery cathode materials and vanadium batteries.

The global Battery Grade Vanadium Pentoxide market size is projected to grow from US$ 100.8 million in 2023 to US$ 177.2 million in 2030; it is expected to grow at a CAGR of 8.4% from 2024 to 2030.

LP Information, Inc. (LPI) ' newest research report, the “Battery Grade Vanadium Pentoxide Industry Forecast” looks at past sales and reviews total world Battery Grade Vanadium Pentoxide sales in 2023, providing a comprehensive analysis by region and market sector of projected Battery Grade Vanadium Pentoxide sales for 2024 through 2030. With Battery Grade Vanadium Pentoxide sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Battery Grade Vanadium Pentoxide industry.

This Insight Report provides a comprehensive analysis of the global Battery Grade Vanadium Pentoxide landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Battery Grade Vanadium Pentoxide portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Battery Grade Vanadium Pentoxide market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Battery Grade Vanadium Pentoxide and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Battery Grade Vanadium Pentoxide.

China's policy on lithium-ion batteries mainly focuses on lithium-ion batteries. In 2015, in order to strengthen the management of lithium-ion battery industry and improve the development level of the industry, China formulated the Standard of Lithium-ion Battery Industry. the global sales of new energy vehicles reached 10.8 million units in 2022, with a year-on-year increase of 61.6%. In 2022, China new energy vehicle sales reached 6.8 million units, and the global share increased to 63.6%. In Q4 2022, sales penetration rate of China's new energy vehicle reached 27%, while the global average penetration rate was only 15%. Europe penetration was 19%, and North America penetration rate was only 6%. Lithium batteries will fully benefit from the high growth of downstream demand. According to the Ministry of Industry and Information Technology, China's lithium-ion battery production reached 750 GWh in 2022, up more than 130 percent year on year. Among them, the output of lithium energy storage battery exceeded 100 GWh, and the total output value of the industry exceeded 1.2 trillion yuan. The industrial application of lithium battery was also growing rapidly. In 2022, the loading capacity of new energy vehicle power battery was about 295 GWh, and the new energy vehicle power battery was about 295 GWh. According to our research, in 2022, the overall global lithium-ion battery shipments were 957GWh, a year-on-year increase of 70%. Global vehicle power battery (EV LIB) shipments were 684GWh, a year-on-year increase of 84%; Energy storage battery (ESS LIB) shipments were 159.3GWh, a year-on-year increase of 140%.

This report presents a comprehensive overview, market shares, and growth opportunities of Battery Grade Vanadium Pentoxide market by product type, application, key manufacturers and key regions and countries.

Segmentation by type
2N
3N
Others

Segmentation by application
Vanadium Flow Energy Storage Battery
Lithium Battery
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
U.S. Vanadium LLC
GfE
HBIS Group
Suzhou Donghua Fangui Co.Ltd.
Liaoyang Hengye Chemical Co., Ltd.
Hunan Huifeng High Energy Co., Ltd
Hunan Sanfeng Vanadium Industry Co., Ltd
BaiChuan Vanadium Industry

Key Questions Addressed in this Report

What is the 10-year outlook for the global Battery Grade Vanadium Pentoxide market?

What factors are driving Battery Grade Vanadium Pentoxide market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Battery Grade Vanadium Pentoxide market opportunities vary by end market size?

How does Battery Grade Vanadium Pentoxide break out type, application?

Please note: The report will take approximately 2 business days to prepare and deliver.