PUBLISHER: Lucintel | PRODUCT CODE: 1300938
PUBLISHER: Lucintel | PRODUCT CODE: 1300938
The future of the global sodium-ion battery market looks promising with opportunities in the automotive, consumer electronic, energy storage, and industrial sectors. The global sodium-ion battery market is expected to reach an estimated $2.6 billion by 2028 with a CAGR of 16.2% from 2023 to 2028. The major drivers for this market are rising interest in sodium-ion batteries as a replacement for lithium-ion batteries and expanding usage of these batteries as an intermittent energy source like wind and solar, and growing trend low-speed electric cars across the globe.
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The study includes a forecast for the global sodium-ion battery market by technology, end use industry, and region, as follows:
Sodium-Ion Battery Market by Technology [Value ($B) Shipment Analysis from 2017 to 2028]:
Sodium-Ion Battery Market by End Use Industry [Value ($B) Shipment Analysis from 2017 to 2028]:
Sodium-Ion Battery Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies sodium-ion battery companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the sodium-ion battery companies profiled in this report include.
FAQ
Q1. What is the sodium-ion battery market size?
Answer: The global sodium-ion battery market is expected to reach an estimated $2.6 billion by 2028.
Q2. What is the growth forecast for sodium-ion battery market?
Answer: The global sodium-ion battery market is expected to grow with a CAGR of 16.2% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the sodium-ion battery market?
Answer: The major drivers for this market are 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.
Q4. What are the major segments for sodium-ion battery market?
Answer: The future of the sodium-ion battery market looks promising with opportunities in the automotive, consumer electronic, energy storage, and industrial sectors.
Q5. Who are the key sodium-ion battery companies?
Answer: Some of the key sodium-ion battery companies are as follows:
Q6. Which sodium-ion battery segment will be the largest in future?
Answer:Lucintel forecasts that sodium sulphur battery will remain the largest segment over the forecast period owing to its characteristic, such as high charge of discharge efficiency, good energy density and longer lifespan.
Q7. In sodium-ion battery market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region due to the growing popularity for e-vehicles, and increasing investments in energy storage technologies in the region.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.