Business Research Company's Vanadium Global Market Report https://www.einnews.com/pr_news/676280181/vanadium-market-size-share-revenue-trends-and-drivers-for-2024-2033
Vanadium Market Size, Share, Revenue, Trends And Drivers For 2024-2033
Excerpt
LONDON, GREATER LONDON, UK, December 20, 2023 /EINPresswire.com/ -- Business Research Company's Year-End Special: Get a 33% discount on Opportunities and Strategies Reports and a 25% discount on Global Market Reports.
The Business Research Company’s “Vanadium Global Market Report 2024 is a comprehensive source of information that covers every facet of the market. As per TBRC’s market forecast, the vanadium market size is predicted to reach the vanadium market size has grown strongly in recent years. It will grow from $2.32 billion in 2023 to $2.47 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to steel and alloy production, battery technologies, urbanization and infrastructure growth, renewable energy.The vanadium market size is expected to see strong growth in the next few years. It will grow to $3.08 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%.
The growth in the vanadium market is due to the expansion of large-scale energy storage technologies. North America region is expected to hold the largest vanadium market share. Major players in the vanadium market include Glencore PLC, HBIS GROUP Co. Ltd., China Ansteel Group Corporation Limited, EVRAZ PLC, Essel Mining & Industries Limited.