The global sodium ion battery market is expected to grow at a CAGR of around 12.5% during the forecast period, from 2021 to 2030. The growth in this market can be attributed to the increasing demand for electric vehicles and renewable energy storage systems. The increasing demand for electric vehicles is due to the rising awareness about environmental pollution and climate change, which has led governments across the world to impose stringent regulations on vehicle emissions. This has led automakers across the world to invest heavily in developing electric vehicles with lithium-ion batteries as their power source. However, these batteries are expensive and have a limited life span of around 10 years, which makes them unsuitable for use in long-term applications such as renewable energy storage systems or backup power supply systems. Sodium ion batteries offer an alternative solution by providing high capacity at low cost with a longer life span of up to 20 years without any degradation in performance over time.
Sodium ion battery market by type: SodiuSulfur Batteries are expected to account for more than 50% share of total sodium ion battery market by 2020 owing its high efficiency and low cost compared with other types of sodium ion batteries such as SodiuSalt Batteries (Zebra Batteries) or SodiuOxygen (Sodium Air) Batteries; however, it will lose its dominance after 2020 owing its lower efficiency when compared with other types of sodium ion batteries such as SodiuSalt Batteries (Zebra Batteries) or SodiuOxygen (Sodium Air) Batteries.
Consumer electronic devices: Sodium Ion Battery Market is expected grow at a CAGR of around 13% during forecast period owing increased demand from consumer electronics industry due increased adoption rate among consumers.
Some Of The Growth Factors Of This Market:
- The increasing demand for electric vehicles is expected to drive the growth of the sodium-ion battery market.
- The increasing need for energy storage solutions is expected to drive the growth of the sodium-ion battery market.
- The growing need for cost-effective and sustainable energy storage solutions is expected to drive the growth of the sodium-ion battery market.
- The rising demand from developing economies such as China, India, and Brazil is expected to fuel the growth of this market in future years.
- Increasing investments in research and development activities are also anticipated to fuel this market's growth.
Industry Growth Insights published a new data on “Sodium-ion Battery Market”. The research report is titled “Sodium-ion Battery Market research by Types (Sodium-Sulfur Batteries, Sodium-Salt Batteries (Zebra Batteries), Sodium-Oxygen (Sodium Air) Batteries), By Applications (Consumer Electronic Devices, Automobile & Transportation, Power Backup, Grid-Level Applications, Industrial, Aerospace & Defense, Marine, Other), By Players/Companies Liaoning Hongcheng (Liaoning Xingkong), NGK, Zhejiang Lvming Energy (Durathon), Faradion Limited, Aquion Energy, HiNa Battery Technology, Wuhuhaili, Qintang New Energy”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Sodium-ion Battery Market Research Report
By Type
Sodium-Sulfur Batteries, Sodium-Salt Batteries (Zebra Batteries), Sodium-Oxygen (Sodium Air) Batteries
By Application
Consumer Electronic Devices, Automobile & Transportation, Power Backup, Grid-Level Applications, Industrial, Aerospace & Defense, Marine, Other
By Companies
Liaoning Hongcheng (Liaoning Xingkong), NGK, Zhejiang Lvming Energy (Durathon), Faradion Limited, Aquion Energy, HiNa Battery Technology, Wuhuhaili, Qintang New Energy
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Sodium-ion Battery Market Report Segments:
The global Sodium-ion Battery market is segmented on the basis of:
Types
Sodium-Sulfur Batteries, Sodium-Salt Batteries (Zebra Batteries), Sodium-Oxygen (Sodium Air) Batteries
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
Consumer Electronic Devices, Automobile & Transportation, Power Backup, Grid-Level Applications, Industrial, Aerospace & Defense, Marine, Other
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:
- Liaoning Hongcheng (Liaoning Xingkong)
- NGK
- Zhejiang Lvming Energy (Durathon)
- Faradion Limited
- Aquion Energy
- HiNa Battery Technology
- Wuhuhaili
- Qintang New Energy
Highlights of The Sodium-ion Battery 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:
- Sodium-Sulfur Batteries
- Sodium-Salt Batteries (Zebra Batteries)
- Sodium-Oxygen (Sodium Air) Batteries
- By Application:
- Consumer Electronic Devices
- Automobile & Transportation
- Power Backup
- Grid-Level Applications
- Industrial
- Aerospace & Defense
- Marine
- Other
- 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 Sodium-ion Battery 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.
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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?
A sodium-ion battery is a type of rechargeable battery that uses the chemical element sodium to store energy. Sodium-ion batteries are popular because they have a high capacity and can be charged quickly.
Some of the key players operating in the sodium-ion battery market are Liaoning Hongcheng (Liaoning Xingkong), NGK, Zhejiang Lvming Energy (Durathon), Faradion Limited, Aquion Energy, HiNa Battery Technology, Wuhuhaili, Qintang New Energy.
The sodium-ion battery market is expected to grow at a compound annual growth rate of 12.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Sodium-ion Battery 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. Sodium-ion Battery Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Sodium-ion Battery Market - Supply Chain
4.5. Global Sodium-ion Battery Market Forecast
4.5.1. Sodium-ion Battery Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Sodium-ion Battery Market Size (000 Units) and Y-o-Y Growth
4.5.3. Sodium-ion Battery Market Absolute $ Opportunity
5. Global Sodium-ion Battery 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. Sodium-ion Battery Market Size and Volume Forecast by Type
5.3.1. Sodium-Sulfur Batteries
5.3.2. Sodium-Salt Batteries (Zebra Batteries)
5.3.3. Sodium-Oxygen (Sodium Air) Batteries
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Sodium-ion Battery 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. Sodium-ion Battery Market Size and Volume Forecast by Application
6.3.1. Consumer Electronic Devices
6.3.2. Automobile & Transportation
6.3.3. Power Backup
6.3.4. Grid-Level Applications
6.3.5. Industrial
6.3.6. Aerospace & Defense
6.3.7. Marine
6.3.8. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Sodium-ion Battery 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. Sodium-ion Battery 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 Sodium-ion Battery 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. Sodium-ion Battery 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 Sodium-ion Battery Demand Share Forecast, 2019-2026
9. North America Sodium-ion Battery 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 Sodium-ion Battery 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 Sodium-ion Battery Market Size and Volume Forecast by Application
9.4.1. Consumer Electronic Devices
9.4.2. Automobile & Transportation
9.4.3. Power Backup
9.4.4. Grid-Level Applications
9.4.5. Industrial
9.4.6. Aerospace & Defense
9.4.7. Marine
9.4.8. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Sodium-ion Battery Market Size and Volume Forecast by Type
9.7.1. Sodium-Sulfur Batteries
9.7.2. Sodium-Salt Batteries (Zebra Batteries)
9.7.3. Sodium-Oxygen (Sodium Air) Batteries
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 Sodium-ion Battery Demand Share Forecast, 2019-2026
10. Latin America Sodium-ion Battery 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 Sodium-ion Battery 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 Sodium-ion Battery Market Size and Volume Forecast by Application
10.4.1. Consumer Electronic Devices
10.4.2. Automobile & Transportation
10.4.3. Power Backup
10.4.4. Grid-Level Applications
10.4.5. Industrial
10.4.6. Aerospace & Defense
10.4.7. Marine
10.4.8. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Sodium-ion Battery Market Size and Volume Forecast by Type
10.7.1. Sodium-Sulfur Batteries
10.7.2. Sodium-Salt Batteries (Zebra Batteries)
10.7.3. Sodium-Oxygen (Sodium Air) Batteries
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 Sodium-ion Battery Demand Share Forecast, 2019-2026
11. Europe Sodium-ion Battery 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 Sodium-ion Battery 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 Sodium-ion Battery Market Size and Volume Forecast by Application
11.4.1. Consumer Electronic Devices
11.4.2. Automobile & Transportation
11.4.3. Power Backup
11.4.4. Grid-Level Applications
11.4.5. Industrial
11.4.6. Aerospace & Defense
11.4.7. Marine
11.4.8. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Sodium-ion Battery Market Size and Volume Forecast by Type
11.7.1. Sodium-Sulfur Batteries
11.7.2. Sodium-Salt Batteries (Zebra Batteries)
11.7.3. Sodium-Oxygen (Sodium Air) Batteries
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 Sodium-ion Battery Demand Share, 2019-2026
12. Asia Pacific Sodium-ion Battery 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 Sodium-ion Battery 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 Sodium-ion Battery Market Size and Volume Forecast by Application
12.4.1. Consumer Electronic Devices
12.4.2. Automobile & Transportation
12.4.3. Power Backup
12.4.4. Grid-Level Applications
12.4.5. Industrial
12.4.6. Aerospace & Defense
12.4.7. Marine
12.4.8. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Sodium-ion Battery Market Size and Volume Forecast by Type
12.7.1. Sodium-Sulfur Batteries
12.7.2. Sodium-Salt Batteries (Zebra Batteries)
12.7.3. Sodium-Oxygen (Sodium Air) Batteries
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 Sodium-ion Battery Demand Share, 2019-2026
13. Middle East & Africa Sodium-ion Battery 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 Sodium-ion Battery 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 Sodium-ion Battery Market Size and Volume Forecast by Application
13.4.1. Consumer Electronic Devices
13.4.2. Automobile & Transportation
13.4.3. Power Backup
13.4.4. Grid-Level Applications
13.4.5. Industrial
13.4.6. Aerospace & Defense
13.4.7. Marine
13.4.8. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Sodium-ion Battery Market Size and Volume Forecast by Type
13.7.1. Sodium-Sulfur Batteries
13.7.2. Sodium-Salt Batteries (Zebra Batteries)
13.7.3. Sodium-Oxygen (Sodium Air) Batteries
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 Sodium-ion Battery Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Sodium-ion Battery Market: Market Share Analysis
14.2. Sodium-ion Battery Distributors and Customers
14.3. Sodium-ion Battery Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Liaoning Hongcheng (Liaoning Xingkong)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. NGK
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Zhejiang Lvming Energy (Durathon)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Faradion Limited
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Aquion Energy
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. HiNa Battery Technology
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Wuhuhaili
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Qintang New Energy
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
