Sodium-Ion Battery Market Size is projected to reach

New York, United States, Aug. 03, 2023 (GLOBE NEWSWIRE) -- As a widespread and affordable replacement for lithium-ion batteries, sodium-ion batteries have made their mark worldwide. Compared to lithium metal in lithium-ion batteries, sodium metal in sodium-ion batteries has a larger ionic radius, which results in fewer changes in the materials during electrochemical cycling and better stability than the lithium-ion battery.

The best benefits of sodium-ion batteries include their low cost, comparable energy densities, comparable power storage, increased safety due to excellent thermal stability, and exceptional cycle life. Compared to mobile applications, sodium-ion batteries are typically more appropriate for stationary applications.

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Increased Demand for Electric Vehicles to Drive the Global Sodium-Ion Battery Market Drivers:

The primary driver of the sodium ion battery industry is the rising demand for electric vehicles. In recent years, there has been a strong push to electrify transportation to reduce carbon emissions from gasoline use. As climate change continues to threaten our planet's natural resources, governments have responded by reducing reliance on fossil fuels by promoting the sale of electric vehicles and enforcing stricter environmental regulations about alternative energy sources. The increasing emphasis on renewable energy sources will undoubtedly lead to a growth in sodium-ion batteries. This technology has the potential to provide far larger capacities than conventional lithium-ion cells while being more environmentally friendly.

Cheaper than Lithium-Ion Batteries to Provide Opportunities for the Global Sodium-Ion Battery Market Drivers:

The production of lithium-ion batteries is expensive, and lithium is becoming increasingly scarce. While a sodium-ion battery can store the same amount of energy as a lithium-ion battery, it has the potential to be made in more significant quantities and at a lower cost. Due to the widespread availability of sodium in scientific circles, Sodium-ion battery technology has recently attracted public interest as a possible and environmentally benign alternative to Lithium-ion batteries. This advantage of sodium-ion batteries is propelling the expansion of the Sodium Ion Battery Market.

Report Scope

Report Metric	Details
Market Size by 2030	USD 2665 million
Market Size in 2021	USD 1025 million
CAGR	11.2%
Historical Data	2019-2020
Base Year	2021
Forecast Period	2022-2030
Forecast Units	Value (USD Million)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	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)
Geographies Covered	North America, Europe, Asia-Pacific, LAME and Rest of the World
Key Companies Profiled/Vendors	Faradion, AGM Batteries Limited, NEI Corporation, Natron Energy, Haldor Topsoe A/S, Hina Battery Technology Co., Ltd, Aquion, Sumitomo Chemical Co., Ltd., Naiades, and Tiamat Energy among others
Key Market Opportunities	Cheaper than Lithium-Ion Batteries
Key Market Drivers	Increased Demand for Electric Vehicles

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Regional Insights

By region, the global sodium-ion battery market is segmented into North America, Europe, Asia Pacific, and LAMEA.

Europe was the market's dominant region over the predicted period. Because of the rise in the number of companies developing and marketing sodium-ion batteries. Faradic, an English company, created the world's first sodium-ion battery-powered car in collaboration with Williams Advanced Engineering and Oxford University. In January 2021, the business focused on the Innovate UK-funded Low-Cost Storage of Renewable Energy project to demonstrate Na-ion technology for solar energy storage. The promise of the Na-ion battery was confirmed by NAIADES, a French effort supported by the European Union. The project's primary objective was to develop a battery technology for long-term Electric Energy Storage (EES) based on sodium-ion technology that would drastically reduce the cost of lithium-ion technology while ensuring long-term safety, cycle life, and energy density.

The North American region is the second largest and is expected to grow at a CAGR of 9.6% during the forecast period. North America is anticipated to grow considerably during the projected period due to the region's increasing adoption of electric vehicles and solar and wind power projects. Wind power is one of the most rapidly expanding renewable energy technologies. The North American sodium-ion battery market is anticipated to see lucrative opportunities in the following years due to plans for significant capacity additions of solar and wind energy and rising sales of electric vehicles.

The Asia-Pacific region is the third largest. To reduce emissions, the market for sodium-ion batteries will increase in the power generation and transportation sectors, particularly in India, China, and other Southeast Asian countries, including Japan, Korea, Indonesia, and Malaysia.

Some major global sodium-ion battery market companies are

Faradion
AGM Batteries Limited
NEI Corporation
Natron Energy
Haldor Topsoe A/S
Hina Battery Technology Co.LTD
Aquion
Sumitomo Chemical Co.LTD.
Naiades
Tiamat Energy

Key Highlights

The global sodium-ion battery market size is estimated to reach an expected value of USD 2665 million by 2030, growing at a CAGR of 11.2% during the forecast period (2022 - 2030).
Based on type, the global sodium-ion battery market is segmented into Sodium-Sulfur Batteries, Sodium-Salt Batteries (Zebra Batteries), and Sodium-Oxygen (Sodium Air) Batteries. The sodium-Sulphur batteries segment dominated the market during the forecast period.
Based on application, the global sodium-ion battery market is segmented into consumer electronic devices, automobile & transportation, power backup, grid-level applications, industrial, aerospace & defense, marine, and others. The consumer electronic devices segment dominated the global sodium ion battery market during the forecast period.

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Global Sodium-Ion Battery Market: Segmentation

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

By Region

North America
Europe
Asia Pacific
Rest of the world

TABLE OF CONTENT

EXECUTIVE SUMMARY
RESEARCH SCOPE & SEGMENTATION
1. Research Objectives
2. Market Definition
3. Limitations & Assumptions
4. Market Scope & Segmentation
5. Currency & Pricing Considered
MARKET OPPORTUNITY ASSESSMENT
1. Emerging Regions / Countries
2. Emerging Companies
3. Emerging Applications / End Use
4. Investment Landscape
5. New Business Models / Revenue Streams
6. TAM
MARKET TRENDS
1. Drivers
2. Market Warning Factors
3. Latest Macro Economic Indicators
4. Geopolitical Impact
5. Human Factors
6. Technology Factors
MARKET ASSESSMENT
1. Porters Five Forces Analysis
2. Value Chain Analysis
3. Raw Material Analysis
4. Sales And Distribution Channel Analysis
5. Trade Analysis
6. Average Pricing Analysis
7. Case Study Analysis
8. Patent Analysis
9. M & A Agreements & Collabration Analysis
10. Export Import Analysis
11. Cost Structure Analysis
ESG TRENDS
GLOBAL SODIUM-ION BATTERY MARKET SIZE ANALYSIS
1. Global Sodium-Ion Battery Market Introduction
2. By Type
  1. Introduction
    1. Type By Value
  2. Sodium-Sulfur Batteries
    1. By Value
  3. Sodium-Salt Batteries (Zebra Batteries)
    1. By Value
  4. Sodium-Oxygen (Sodium Air) Batteries
    1. By Value
3. By Application
  1. Introduction
    1. Application By Value
  2. Consumer Electronic Devices
    1. By Value
  3. Automobile & Transportation
    1. By Value
  4. Power Backup
    1. By Value
  5. Grid-Level Applications
    1. By Value
  6. Industrial
    1. By Value
  7. Aerospace & Defense
    1. By Value
  8. Marine
    1. By Value
NORTH AMERICA MARKET ANALYSIS
1. Introduction
2. By Type
  1. Introduction
    1. Type By Value
  2. Sodium-Sulfur Batteries
    1. By Value
  3. Sodium-Salt Batteries (Zebra Batteries)
    1. By Value
  4. Sodium-Oxygen (Sodium Air) Batteries
    1. By Value
3. By Application
  1. Introduction
    1. Application By Value
  2. Consumer Electronic Devices
    1. By Value
  3. Automobile & Transportation
    1. By Value
  4. Power Backup
    1. By Value
  5. Grid-Level Applications
    1. By Value
  6. Industrial
    1. By Value
  7. Aerospace & Defense
    1. By Value
  8. Marine
    1. By Value
4. U.S.
  1. By Type
    1. Introduction
      1. Type By Value
    2. Sodium-Sulfur Batteries
      1. By Value
    3. Sodium-Salt Batteries (Zebra Batteries)
      1. By Value
    4. Sodium-Oxygen (Sodium Air) Batteries
      1. By Value
  2. By Application
    1. Introduction
      1. Application By Value
    2. Consumer Electronic Devices
      1. By Value
    3. Automobile & Transportation
      1. By Value
    4. Power Backup
      1. By Value
    5. Grid-Level Applications
      1. By Value
    6. Industrial
      1. By Value
    7. Aerospace & Defense
      1. By Value
    8. Marine
      1. By Value
5. Canada
EUROPE MARKET ANALYSIS
1. Introduction
2. By Type
  1. Introduction
    1. Type By Value
  2. Sodium-Sulfur Batteries
    1. By Value
  3. Sodium-Salt Batteries (Zebra Batteries)
    1. By Value
  4. Sodium-Oxygen (Sodium Air) Batteries
    1. By Value
3. By Application
  1. Introduction
    1. Application By Value
  2. Consumer Electronic Devices
    1. By Value
  3. Automobile & Transportation
    1. By Value
  4. Power Backup
    1. By Value
  5. Grid-Level Applications
    1. By Value
  6. Industrial
    1. By Value
  7. Aerospace & Defense
    1. By Value
  8. Marine
    1. By Value
4. U.K.
  1. By Type
    1. Introduction
      1. Type By Value
    2. Sodium-Sulfur Batteries
      1. By Value
    3. Sodium-Salt Batteries (Zebra Batteries)
      1. By Value
    4. Sodium-Oxygen (Sodium Air) Batteries
      1. By Value
  2. By Application
    1. Introduction
      1. Application By Value
    2. Consumer Electronic Devices
      1. By Value
    3. Automobile & Transportation
      1. By Value
    4. Power Backup
      1. By Value
    5. Grid-Level Applications
      1. By Value
    6. Industrial
      1. By Value
    7. Aerospace & Defense
      1. By Value
    8. Marine
      1. By Value
5. Germany
6. France
7. Spain
8. Italy
9. Russia
10. Nordic
11. Benelux
12. Rest Of Europe
APAC MARKET ANALYSIS
1. Introduction
2. By Type
  1. Introduction
    1. Type By Value
  2. Sodium-Sulfur Batteries
    1. By Value
  3. Sodium-Salt Batteries (Zebra Batteries)
    1. By Value
  4. Sodium-Oxygen (Sodium Air) Batteries
    1. By Value
3. By Application
  1. Introduction
    1. Application By Value
  2. Consumer Electronic Devices
    1. By Value
  3. Automobile & Transportation
    1. By Value
  4. Power Backup
    1. By Value
  5. Grid-Level Applications
    1. By Value
  6. Industrial
    1. By Value
  7. Aerospace & Defense
    1. By Value
  8. Marine
    1. By Value
4. China
  1. By Type
    1. Introduction
      1. Type By Value
    2. Sodium-Sulfur Batteries
      1. By Value
    3. Sodium-Salt Batteries (Zebra Batteries)
      1. By Value
    4. Sodium-Oxygen (Sodium Air) Batteries
      1. By Value
  2. By Application
    1. Introduction
      1. Application By Value
    2. Consumer Electronic Devices
      1. By Value
    3. Automobile & Transportation
      1. By Value
    4. Power Backup
      1. By Value
    5. Grid-Level Applications
      1. By Value
    6. Industrial
      1. By Value
    7. Aerospace & Defense
      1. By Value
    8. Marine
      1. By Value
5. Korea
6. Japan
7. India
8. Australia
9. Taiwan
10. South East Asia
11. Rest Of Asia-Pacific
MIDDLE EAST AND AFRICA MARKET ANALYSIS
1. Introduction
2. By Type
  1. Introduction
    1. Type By Value
  2. Sodium-Sulfur Batteries
    1. By Value
  3. Sodium-Salt Batteries (Zebra Batteries)
    1. By Value
  4. Sodium-Oxygen (Sodium Air) Batteries
    1. By Value
3. By Application
  1. Introduction
    1. Application By Value
  2. Consumer Electronic Devices
    1. By Value
  3. Automobile & Transportation
    1. By Value
  4. Power Backup
    1. By Value
  5. Grid-Level Applications
    1. By Value
  6. Industrial
    1. By Value
  7. Aerospace & Defense
    1. By Value
  8. Marine
    1. By Value
4. UAE
  1. By Type
    1. Introduction
      1. Type By Value
    2. Sodium-Sulfur Batteries
      1. By Value
    3. Sodium-Salt Batteries (Zebra Batteries)
      1. By Value
    4. Sodium-Oxygen (Sodium Air) Batteries
      1. By Value
  2. By Application
    1. Introduction
      1. Application By Value
    2. Consumer Electronic Devices
      1. By Value
    3. Automobile & Transportation
      1. By Value
    4. Power Backup
      1. By Value
    5. Grid-Level Applications
      1. By Value
    6. Industrial
      1. By Value
    7. Aerospace & Defense
      1. By Value
    8. Marine
      1. By Value
5. Turkey
6. Saudi Arabia
7. South Africa
8. Egypt
9. Nigeria
10. Rest Of MEA
LATAM MARKET ANALYSIS
1. Introduction
2. By Type
  1. Introduction
    1. Type By Value
  2. Sodium-Sulfur Batteries
    1. By Value
  3. Sodium-Salt Batteries (Zebra Batteries)
    1. By Value
  4. Sodium-Oxygen (Sodium Air) Batteries
    1. By Value
3. By Application
  1. Introduction
    1. Application By Value
  2. Consumer Electronic Devices
    1. By Value
  3. Automobile & Transportation
    1. By Value
  4. Power Backup
    1. By Value
  5. Grid-Level Applications
    1. By Value
  6. Industrial
    1. By Value
  7. Aerospace & Defense
    1. By Value
  8. Marine
    1. By Value
4. Brazil
  1. By Type
    1. Introduction
      1. Type By Value
    2. Sodium-Sulfur Batteries
      1. By Value
    3. Sodium-Salt Batteries (Zebra Batteries)
      1. By Value
    4. Sodium-Oxygen (Sodium Air) Batteries
      1. By Value
  2. By Application
    1. Introduction
      1. Application By Value
    2. Consumer Electronic Devices
      1. By Value
    3. Automobile & Transportation
      1. By Value
    4. Power Backup
      1. By Value
    5. Grid-Level Applications
      1. By Value
    6. Industrial
      1. By Value
    7. Aerospace & Defense
      1. By Value
    8. Marine
      1. By Value
5. Mexico
6. Argentina
7. Chile
8. Colombia
9. Rest Of LATAM
COMPETITIVE ASSESSMENT
1. Adoption Matrix
2. Sodium-Ion Battery Market Share By Manufacturers
3. Sodium-Ion Battery Market Ranking By Revenue For Manufacturers
4. Average Price By Manufacturers
5. Vendor Footprint Analysis
MARKET PLAYERS ASSESSMENT
1. Faradion
  1. Overview
  2. Business Information
  3. Revenue
  4. ASP
  5. Gross Margin
  6. Swot Analysis
  7. Recent Developmments
2. AGM Batteries Limited
3. NEI Corporation
4. Natron Energy
5. Haldor Topsoe A/S
6. Hina Battery Technology Co.LTD
7. Aquion
8. Sumitomo Chemical Co.LTD.
9. Naiades
10. Tiamat Energy Among Others.
RESEARCH METHODOLOGY
1. Research Data
  1. Secondary Data
    1. Major Secondary Sources
    2. Key Data From Secondary Sources
  2. Primary Data
    1. Key Data From Primary Sources
    2. Breakdown Of Primaries
  3. Secondary And Primary Research
    1. Key Industry Insights
2. Market Size Estimation
  1. Bottom-Up Approach
  2. Top-Down Approach
  3. Market Projection
3. Research Assumptions
  1. Assumptions
4. Limitations
5. Risk Assessment
APPENDIX
1. Discussion Guide
2. Customization Options
3. Related Reports
DISCLAIMER

Table of Content and Figure @ https://straitsresearch.com/report/sodium-ion-battery-market/toc

Market News

May 2022 - Faradion, World Leader in Sodium-ion Battery Technology Recognised for Exceptional Performance by the British Private Equity and Venture Capital Association's Vision 2022 Initiative.
May 2022 - Natron Energy, Inc., a leading manufacturer of sodium-ion batteries, and Clarios International Inc., the global leader in low-voltage advanced battery technologies for mobility, today jointly announced a strategic agreement to manufacture the world's first mass-produced sodium-ion batteries.
October 2022 - Natron Energy, Inc. announced the launch of the Blue Rack™ battery cabinet, available in both 250kW and 500kW configurations. The Blue Rack is the world's first sodium-ion battery cabinet designed for mission-critical applications such as data centers, peak power-shaving, and other industrial power environments. Sodium-ion technology delivers tremendous power density with rapid discharge and recharge, is sustainably and ethically sourced, and is safe and completely non-flammable. Natron's new Blue Pack© battery powers the Blue Rack.
July 2022 - Natron Energy, the world leader in sodium-ion batteries using Prussian Blue chemistry, is pleased to announce the recent market introduction by Xtreme Power Conversion of the industry's first rackmount Uninterruptible Power System (UPS) featuring Natron's sodium-ion batteries. The new Xtreme Power P91L UPS is available in 3kW, with 5kW ratings with 120 and 208/220/230/240V AC, 50/60Hz operation and uniquely configured to accept Natron's BlueTray 4000 48V DC battery for backup power. Xtreme Power's P91L UPS is available with Natron's battery and can be configured for numerous power levels and extended run times.

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Sodium-Ion Battery Market Size is projected to reach USD 2665 million by 2030, growing at a CAGR of 11.2%: Straits Research

The global sodium-ion battery market size was valued at USD 1025 million in 2021 and is estimated to reach an expected value of USD 2665 million by 2030, growing at a CAGR of 11.2% during the forecast period (2022 - 2030).

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Sodium-Ion Battery Market Size is projected to reach USD 2665 million by 2030, growing at a CAGR of 11.2%: Straits Research

The global sodium-ion battery market size was valued at USD 1025 million in 2021 and is estimated to reach an expected value of USD 2665 million by 2030, growing at a CAGR of 11.2% during the forecast period (2022 - 2030).

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