To AI: Questions About China VRFB part 3What about expected market share through 2050?
Projections for the market share of vanadium redox flow batteries (VRFBs) in China through 2050 indicate substantial growth, although precise long-term estimates vary. By 2030, VRFBs are expected to represent about 10% of the energy storage market in China, up from 0.9% in 2021 [oai_citation:1,Vanadium redox flow batteries: a new direction for China’s energy storage? - Fastmarkets](https://www.fastmarkets.com/insights/vanadium-redox-flow-batteries-a-new-direction-for-chinas-energy-storage/).
The global VRFB market is projected to grow significantly, with annual deployments potentially reaching 32.8 GWh by 2031, driven largely by demand in the Asia-Pacific region, including China [oai_citation:2,Rising flow battery demand ‘will drive global vanadium production to double by 2031’ - Energy-Storage.News](https://www.energy-storage.news/rising-flow-battery-demand-will-drive-global-vanadium-production-to-double-by-2031/). This would translate to a considerable share of the energy storage market, especially for applications requiring long-duration storage.
Looking ahead to 2050, while specific estimates for VRFB market share are not detailed, the National Renewable Energy Laboratory (NREL) suggests that technologies capable of longer durations, such as VRFBs, will gain importance as storage deployments increase and durations extend beyond four hours [oai_citation:3,NREL’s storage projections for 2050 – pv magazine International](https://www.pv-magazine.com/2022/04/19/nrels-storage-projections-for-2050/). This context implies a growing role for VRFBs in the future energy storage landscape, especially as the need for reliable, long-duration storage solutions becomes more critical in supporting renewable energy integration.
Overall, while VRFBs are expected to remain a smaller portion of the market compared to lithium-ion batteries, their share is likely to increase significantly due to their advantages in safety, longevity, and scalability for large-scale energy storage projects.