According to the recent study the sodium-ion battery market is projected to reach an estimated $2.6 billion by 2028 from $1.2 billion in 2023, at a CAGR of 16.2% from 2023 to 2028. Growth in this market is primarily driven by rising interest in sodium-ion batteries as a replacement for lithium-ion batteries and expanding usage of these batteries as an intermittent energy source like wind and solar, and growing trend low-speed electric cars across the globe.
A more than 150–page
report is developed to understand trends, opportunities and forecast in
sodium-ion battery market by technology (sodium sulphur battery, sodium salt
battery, and sodium air battery), end use industry (automotive, consumer
electronics, energy storage, industrial, and others), and region (North
America, Europe, Asia Pacific, and the Rest of the World).
“Sodium sulphur battery market is expected to remain the largest
segment during the forecast period.”
Based on technology, the
sodium-ion battery market is segmented into sodium sulphur battery, sodium salt
battery, and sodium air battery. Lucintel forecasts that the sodium sulphur
battery market is expected to remain the largest segment due to owing to its
characteristic, such as high charge of discharge efficiency, good energy
density and longer lifespan.
“Within the sodium-ion battery market, the energy storage segment
is expected to remain the largest end use.”
Based on end use the energy
storage segment is expected to witness the highest growth over the forecast
period due to the increasing consumption rate of electricity in developing countries
and expanding use of smart grids necessitates the use of battery energy storage
systems to control voltage and frequency deviations.
“Asia pacific will dominate the sodium-ion battery market in near
future.”
APAC will remain the
largest region due to the growing popularity for e-vehicles, and increasing
investments in energy storage technologies in the region.
Major players of
sodium-ion battery market are adopting various growth strategies like new
product launches, expansions, merger and acquisitions, partnerships,
agreements, and collaborations to expand their presence in this market. Faradion,
Contemporary Amperex Technology (CATL), NGK Insulators, TIAMAT SAS, and HiNa
Battery Technology are among the major sodium-ion battery providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal, ZACKS,
and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
Related reports
Brine Concentration Technology Market
Thermoelectric Generator Market
No comments:
Post a Comment