Sodium-Ion Battery Market, By Type (Sodium-Sulphur Battery , Sodium-Salt Battery , Sodium-Air Battery), By Application (Stationary Energy Storage, Transportation), By End user (Consumer Electronic Devices, Automobile & Transportation, Power Backup, Indust
Sodium-Ion Battery Market, By Type (Sodium-Sulphur Battery , Sodium-Salt Battery , Sodium-Air Battery), By Application (Stationary Energy Storage, Transportation), By End user (Consumer Electronic Devices, Automobile & Transportation, Power Backup, Industrial, Aerospace & defence, Marine), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)
Sodium-ion batteries have garnered significant attention from researchers as a potential alternative to lithium-ion batteries, especially for large-scale stationary storage applications. Sodium is abundant, low-cost, and widely distributed in nature as compared to lithium. Sodium-ion batteries utilize sodium ions as charge carriers instead of lithium ions. Although sodium-based cathodes have slightly lower theoretical capacities compared to lithium-based ones, sodium is anticipated to be commercially feasible and scalable due to its widespread availability and consistent supply. Initial research on sodium-ion battery technology focused on intercalation cathodes based on transition metal oxides and phosphates reversibly insert and extract sodium ions. Recently, novel anode and cathode materials have been developed that could potentially enhance the energy density and cycle stability of sodium-ion battery systems. The global sodium-ion battery market is expected to witness robust growth over the coming years driven by the advantages of sodium and growing interest in large-scale energy storage solutions.
Market Dynamics:
The key drivers propelling the sodium-ion battery market include abundant availability of sodium, growing demand for large-scale energy storage solutions, and cost-effectiveness compared to lithium-ion batteries. Sodium has a natural abundance comparable to copper and is widely available across the globe, ensuring stable supply for battery applications. Rapid expansion of renewable energy is augmenting the need for dependable energy storage systems. Sodium-ion batteries have emerged as a sustainable alternative to lithium-ion for stationary storage at the grid level. The total cost of sodium-ion batteries is estimated to be lower than lithium-ion batteries owing to the low cost of sodium. However, low energy density compared to lithium is a major challenge. Other restraints include lack of standardized testing methodologies and relatively undeveloped supply chain infrastructure. Nonetheless, ongoing R&D for high-capacity cathode and anode materials offers an opportunity to enhance the energy density and maximize the potential of sodium-ion batteries.
Key features of the study:
This report provides an in-depth analysis of the global sodium-ion battery market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2024–2031), considering 2023 as the base year.
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global sodium-ion battery market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include Aquion Energy, Zhejiang Lvming Energy (Durathon), Faradion Limited, Panasonic Corporation, HiNa Battery Technology, Qintang New Energy, Liaoning Hongcheng, Nrgtek Inc., AGM Batteries Ltd., NGK, NEI Corporation, Aquion Energy, NEC Energy Solutions, Cuberg, Tiamat Energy, Nilar, Ambri, and EnergyNest.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
The global sodium-ion battery market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global sodium-ion battery market.
Detailed Segmentation-
By Type
Sodium-Sulphur Battery
Sodium-Salt Battery
Sodium-Air Battery
By Application
Stationary Energy Storage
Transportation
By End User
Consumer Electronic Devices
Automobile & Transportation
Power Backup
Industrial
Aerospace & defence
Marine
By Regional
North America
Europe
Asia Pacific
Latin America
Middle East
Africa
Key Players
Aquion Energy
Zhejiang Lvming Energy (Durathon)
Faradion Limited
Panasonic Corporation
HiNa Battery Technology
Qintang New Energy
Liaoning Hongcheng
Nrgtek Inc.
AGM Batteries Ltd.
NGK
NEI Corporation
Aquion Energy
NEC Energy Solutions
Cuberg
Tiamat Energy
Nilar
Ambri
EnergyNest
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Type
Market Snippet, By Application
Market Snippet, By End user
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New System Launches/Approvals
Impact of the COVID-19 Pandemic
4. Global Sodium-Ion Battery Market, By Type, 2019-2031, (US$ Billion)
Introduction
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2019-2031
Segment Trends
Sodium-Sulphur Battery
Introduction
Market Size and Forecast, 2019-2031, (US$ Billion)
Sodium-Salt Battery
Introduction
Market Size and Forecast, 2019-2031, (US$ Billion)
Sodium-Air Battery
Introduction
Market Size and Forecast, 2019-2031, (US$ Billion)
5. Global Sodium-Ion Battery Market, By Application, 2019-2031, (US$ Billion)
Introduction
Market Share Analysis, 2024 and 2031 (%)
Segment Trends
Stationary Energy Storage
Introduction
Market Size and Forecast, 2019-2031, (US$ Billion)
Transportation
Introduction
Market Size and Forecast, 2019-2031, (US$ Billion)
6. Global Sodium-Ion Battery Market, By End User, 2019-2031, (US$ Billion)
Introduction
Market Share Analysis, 2024 and 2031 (%)
Segment Trends
Consumer Electronic Devices
Introduction
Market Size and Forecast, 2019-2031, (US$ Billion)
Automobile & Transportation
Introduction
Market Size and Forecast, 2019-2031, (US$ Billion)
Power Backup
Introduction
Market Size and Forecast, 2019-2031, (US$ Billion)
Industrial
Introduction
Market Size and Forecast, 2019-2031, (US$ Billion)
Aerospace & defense
Introduction
Market Size and Forecast, 2019-2031, (US$ Billion)
Marine
Introduction
Market Size and Forecast, 2019-2031, (US$ Billion)
7. Global Sodium-Ion Battery Market, By Region, 2019-2031, (US$ Billion)
Introduction
Market Share Analysis, By Region, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2019-2031
North America
Regional Trends
Market Size and Forecast, By Type, 2019-2031, (US$ Billion)
Market Size and Forecast, By Application, 2019-2031, (US$ Billion)
Market Size and Forecast, By End User, 2019-2031, (US$ Billion)
Market Size and Forecast, By Country, 2019-2031, (US$ Billion)
U.S.
Canada
Europe
Regional Trends
Market Size and Forecast, By Type, 2019-2031, (US$ Billion)
Market Size and Forecast, By Application, 2019-2031, (US$ Billion)
Market Size and Forecast, By End User, 2019-2031, (US$ Billion)
Market Size and Forecast, By Country, 2019-2031, (US$ Billion)
U.K.
Germany
Italy
France
Russia
Rest of Europe
Asia Pacific
Regional Trends
Market Size and Forecast, By Type, 2019-2031, (US$ Billion)
Market Size and Forecast, By Application, 2019-2031, (US$ Billion)
Market Size and Forecast, By End User, 2019-2031, (US$ Billion)
Market Size and Forecast, By Country, 2019-2031, (US$ Billion)
China
India
ASEAN
Australia
South Korea
Japan
Rest of Asia Pacific
Latin America
Regional Trends
Market Size and Forecast, By Type, 2019-2031, (US$ Billion)
Market Size and Forecast, By Application, 2019-2031, (US$ Billion)
Market Size and Forecast, By End User, 2019-2031, (US$ Billion)
Market Size and Forecast, By Country, 2019-2031, (US$ Billion)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East & Africa
Regional Trends
Market Size and Forecast, By Type, 2019-2031, (US$ Billion)
Market Size and Forecast, By Application, 2019-2031, (US$ Billion)
Market Size and Forecast, By End User, 2019-2031, (US$ Billion)
Market Size and Forecast, By Country, 2019-2031, (US$ Billion)
GCC Countries
South Africa
Rest of the Middle East & Africa
8. Competitive Landscape
Company Profiles
Aquion Energy
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Zhejiang Lvming Energy (Durathon)
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Faradion Limited
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Panasonic Corporation
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
HiNa Battery Technology
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Qintang New Energy
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Liaoning Hongcheng
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Nrgtek Inc.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
AGM Batteries Ltd.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
NGK
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
NEI Corporation
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Recent Developments/Updates
NEC Energy Solutions
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Cuberg
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Tiamat Energy
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Nilar
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Ambri
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
EnergyNest
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
9. Analyst Recommendations
Wheel of Fortune
Analyst View
Coherent Opportunity Map
10. Research Methodology
References
Research Methodology
About us and Sales Contact
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