Redox Flow Battery Market to Hit USD 4.96 Bn by 2031 with Vanadium Systems Segment Holding 49.2% Share | Mordor Intelligence Reports

Summary

Mordor Intelligence forecasts the global redox flow battery market will reach USD 4.96 billion by 2031, with vanadium systems comprising 49.2% of the market, driven by regulatory mandates like FERC Order 841 and cost reductions from vanadium leasing models.