Sodium-Ion Batter
Market
Outlook, Growth Factors, Industry Share, and Size By 2030
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Sodium-Ion Battery Market Market
Outlook, Growth Factors, Industry Share, Size By 2030
The global sodium-ion battery market 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).
Sodium-ion battery has set their footprint across the globe as a large-scale and low-cost alternative for lithium-ion batteries. The sodium metal in sodium-ion batteries exhibits a large ionic radius compared to that of lithium metal in lithium-ion batteries, which provides fewer changes in the materials during electrochemical cycling, thus providing more stability compared to the lithium-ion battery. Sodium-ion batteries exhibit excellent features such as low cost, energy densities, and power storage similar to other counterparts, safer with improved thermal stability, and remarkable cycle life. Sodium-ion batteries are generally more suitable for stationary applications than mobile applications.
The global Sodium-Ion Battery Market Market is expected to grow at a CAGR of 11.2% during the forecast period, i.e., 2020-2030.
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Sodium-Ion Battery Market Market
2021 2030
$
USD Billion
$
USD Billion
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CAGR 11.2 %
Sodium-Ion Battery Market Market
Main Market Players Covered in This Report:
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 among others.
A Summary of the Impact of COVID-19 on this Market:
The appearance of COVID-19 has transported the globe to a halt. We understand that this health disaster has brought an unprecedented impact on businesses across industries. However, this too shall pass. Growing support from governments and
various companies can benefit in the fight against this highly transmissible disease. There are some businesses that are struggling and some are thriving.
General, almost every sector is anticipated to be stuck by the pandemic
Sodium-Ion Battery Market Market
The Sodium-Ion Battery Market Market has been segmented as below:
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
We are taking nonstop efforts to help your business sustain and cultivate during COVID-19 pandemics. Based on our knowledge and expertise, we will provide you an impact analysis of coronavirus outbreaks across businesses to help you prepare for the future.
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