PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1385591
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1385591
Sodium-ion Battery Market Introduction and Overview
According to SPER Market Research, 'Sodium-ion Battery Market Size- By Product, By Technology, By Application, By Industry Vertical- Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Sodium-ion Battery Market is predicted to reach USD 5.74 billion by 2033 with a CAGR of 19.5%.
As the main charge carriers, sodium ions (Na+) are used in sodium-ion batteries, a type of rechargeable energy storage technology. The wealth of sodium resources and possible financial advantages make it a viable substitute for lithium-ion batteries. An electric current is produced in a sodium-ion battery during discharge when sodium ions travel through an electrolyte from the cathode to the anode. This procedure is turned around when charging.
Furthermore, because of remote work, the COVID-19 epidemic increased demand for stationary energy storage devices, especially UPS systems. But the building of solar and wind power plants was hampered by the closure of industrial facilities around the world, which lessened the demand for sodium-ion battery-based storage. Demand for renewable energy surged as demand for fossil fuels fell, highlighting the need for high-capacity energy storage devices to maximise renewable energy sources.
Scope of the Report:
Report Metric Details
Market size available for years 2019-2033
Base year considered 2022
Forecast period 2023-2033
Segments covered By Product, By Technology, By Application, By Industry Vertical
Regions covered North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
Companies Covered Altris AB, AMTE Power plc, Aquion Energy, Blackstone Technology GmbH, BLUETTI Power Inc., Contemporary Amperex Technology Co. Limited (CATL), Faradion Limited, HiNa Battery Technology Co., Ltd, Jiangsu Zhongna Energy Technology Co.
Sodium-ion Battery Market Segmentation:
By Technology: Based on the Technology, Global Sodium-ion Battery Market is segmented as; Aqueous, Non-aqueous.
By Application: Based on the Application, Global Sodium-ion Battery Market is segmented as; Stationary Energy Storage, Transportation.
By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.