Market Overview:
The global NaS batteries market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy storage solutions, especially in the transportation and heavy machinery sectors. Additionally, the growing popularity of grid-connected and standalone solar systems is also contributing to the growth of this market. The molten-salt type segment is expected to account for a major share of the global NaS batteries market during the forecast period. This segment is expected to benefit from its high efficiency and long life cycle.
Product Definition:
A sodium-sulfur battery is a type of rechargeable battery which uses molten sulfur and solid sodium to store energy. Sodium-sulfur batteries have a high energy density, making them well suited for use in electric vehicles and large scale grid storage applications.
Molten-Salt Type:
Molten salt type is a battery technology that utilizes molten salts as the electrolyte. The major advantage of using this electrolyte over conventional ones is that the former can be recycled, which makes it extremely cost-effective and environment-friendly.
The global market for NaS batteries has been witnessing significant growth owing to rising demand across various applications such as consumer electronics, electric vehicles (EV), grid storage, and other industrial purposes.
Others:
Others is the second largest chemical used in the battery. It helps to balance and regulate the charge of a battery. The Others segment includes lead, lithium, sodium and calcium among others. Calcium is mainly used as an additive for enhancing capacity retention and improving cycle life in batteries whereas lithium is mostly used as an alloying agent with electrodes of different metals such as nickel & aluminum or copper & zinc to make them conductive so that they can hold a charge better.
Application Insights:
The grid and standalone systems application segment accounted for the largest revenue share of over 50% in 2017. The segment is projected to witness significant growth over the forecast period owing to extensive use of NaS batteries in power generation, renewable energy storage, and electric vehicles applications. Standalone system means a system without any other source of power; it is used for lighting, communication etc. In terms of capacity, grid systems account for majority of the total installed capacity as they are more reliable than standalone systems do.
In terms of energy storage alone or along with another source such as solar or wind energy storage sources, molten-salt battery technology has several advantages including longer life span (10 years), higher efficiency (85% compared to regular lead acid batteries) and better performance at lower costs per kwhr stored (compared to regular lead acid).
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing government support for using electric vehicles and renewable energy projects in countries such as China, India, Japan, and Australia. For instance, in 2016 ‘Make in India’ campaign was launched by Indian Government with an aim to encourage domestic manufacturing. Under this campaign policies are being framed which will enable 100% foreign direct investment (FDI) under automatic route for electric vehicles and components production with a maximum limit of USD X million per company over a period of five years from 2017. Such initiatives are expected to boost product demand across Asia Pacific region during the forecast period.
Europe accounted for more than 25% revenue share in 2017 owing to stringent regulations regarding carbon emissions from automotive industry coupled with favorable government policies aimed at promoting investments related to clean energy generation projects such as wind farms.
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 20% during the forecast period. This will lead to an increase in demand for NaS batteries as they are used in electric vehicles.
- Rising demand from renewable energy sector: The growth of the renewable energy sector is another major driver for the NaS batteries market. Renewables such as solar and wind power are becoming increasingly popular due to their low cost and environmental benefits. This is expected to drive the growth of the NaS batteries market in coming years.
- Growing popularity of smart grids: Smart grids are gaining popularity across the world as they help reduce wastage and improve efficiency by integrating information and communication technology with traditional electrical grid systems .This will create opportunities for NaS battery manufacturers in coming years .
Scope Of The Report
Report Attributes
Report Details
Report Title
NaS Batteries Market Research Report
By Type
Molten-Salt Type, Others
By Application
Grid and Standalone Systems, Space, Transport and Heavy Machinery
By Companies
NGK, POSCO, GE Energy Storage, Ceramatec
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global NaS Batteries Market Report Segments:
The global NaS Batteries market is segmented on the basis of:
Types
Molten-Salt Type, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Grid and Standalone Systems, Space, Transport and Heavy Machinery
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- NGK
- POSCO
- GE Energy Storage
- Ceramatec
Highlights of The NaS Batteries Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Molten-Salt Type
- Others
- By Application:
- Grid and Standalone Systems
- Space
- Transport and Heavy Machinery
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the NaS Batteries Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
NaS batteries are a type of lithium ion battery that uses sodium as the anode material. This makes NaS batteries more environmentally friendly than traditional lithium ion batteries, since they do not require any rare earth metals.
Some of the major companies in the nas batteries market are NGK, POSCO, GE Energy Storage, Ceramatec.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. NaS Batteries Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. NaS Batteries Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. NaS Batteries Market - Supply Chain
4.5. Global NaS Batteries Market Forecast
4.5.1. NaS Batteries Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. NaS Batteries Market Size (000 Units) and Y-o-Y Growth
4.5.3. NaS Batteries Market Absolute $ Opportunity
5. Global NaS Batteries Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. NaS Batteries Market Size and Volume Forecast by Type
5.3.1. Molten-Salt Type
5.3.2. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global NaS Batteries Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. NaS Batteries Market Size and Volume Forecast by Application
6.3.1. Grid and Standalone Systems
6.3.2. Space
6.3.3. Transport and Heavy Machinery
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global NaS Batteries Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. NaS Batteries Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global NaS Batteries Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. NaS Batteries Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global NaS Batteries Demand Share Forecast, 2019-2026
9. North America NaS Batteries Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America NaS Batteries Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America NaS Batteries Market Size and Volume Forecast by Application
9.4.1. Grid and Standalone Systems
9.4.2. Space
9.4.3. Transport and Heavy Machinery
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America NaS Batteries Market Size and Volume Forecast by Type
9.7.1. Molten-Salt Type
9.7.2. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America NaS Batteries Demand Share Forecast, 2019-2026
10. Latin America NaS Batteries Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America NaS Batteries Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America NaS Batteries Market Size and Volume Forecast by Application
10.4.1. Grid and Standalone Systems
10.4.2. Space
10.4.3. Transport and Heavy Machinery
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America NaS Batteries Market Size and Volume Forecast by Type
10.7.1. Molten-Salt Type
10.7.2. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America NaS Batteries Demand Share Forecast, 2019-2026
11. Europe NaS Batteries Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe NaS Batteries Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe NaS Batteries Market Size and Volume Forecast by Application
11.4.1. Grid and Standalone Systems
11.4.2. Space
11.4.3. Transport and Heavy Machinery
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe NaS Batteries Market Size and Volume Forecast by Type
11.7.1. Molten-Salt Type
11.7.2. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe NaS Batteries Demand Share, 2019-2026
12. Asia Pacific NaS Batteries Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific NaS Batteries Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific NaS Batteries Market Size and Volume Forecast by Application
12.4.1. Grid and Standalone Systems
12.4.2. Space
12.4.3. Transport and Heavy Machinery
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific NaS Batteries Market Size and Volume Forecast by Type
12.7.1. Molten-Salt Type
12.7.2. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific NaS Batteries Demand Share, 2019-2026
13. Middle East & Africa NaS Batteries Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa NaS Batteries Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa NaS Batteries Market Size and Volume Forecast by Application
13.4.1. Grid and Standalone Systems
13.4.2. Space
13.4.3. Transport and Heavy Machinery
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa NaS Batteries Market Size and Volume Forecast by Type
13.7.1. Molten-Salt Type
13.7.2. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa NaS Batteries Demand Share, 2019-2026
14. Competition Landscape
14.1. Global NaS Batteries Market: Market Share Analysis
14.2. NaS Batteries Distributors and Customers
14.3. NaS Batteries Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. NGK
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. POSCO
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. GE Energy Storage
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Ceramatec
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. COMPANY5
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
