Sodium Sulfur Battery Market 2023 in-Depth Analysis by Leading Key Players like NGK Insulators Ltd., KEMET Electronics Corporation, GE Energy Storage, Eagle Picher Technologies LLC, Ceramatec Inc., Sieyuan Electric Co.

Sodium sulfur battery is a type of molten-salt battery made from liquid sodium and sulfur. This type of battery possesses high energy density, high efficiency of charge or discharge and long-life cycle. This type of battery is fabricated from inexpensive materials. This type of battery is integrated in a sodium-sulfur battery system which is an energy storage system based on electrochemical charge/discharge reactions that occur between a positive electrode that is typically made of molten sulfur and a negative electrode that is made of molten sodium (Na). The major component of sodium sulfur battery system are elementary cell composed of electrodes, modules, battery systems composed of large assembling of modules and of a control system, and power conversion system (PCS). The major application areas for this type of battery include peak shaving, time shifting, and stabilization of wind farms and solar generation plants.

Prominent Players:
NGK Insulators Ltd., KEMET Electronics Corporation, GE Energy Storage, Eagle Picher Technologies LLC, Ceramatec Inc., Sieyuan Electric Co., Ltd., FIAMM Group, and POSCO

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Segmental Analysis:

Global sodium sulfur battery market has been segmented based on power rating, application, and region.

Based on power rating, the market is classified into up to 10 MW, 11-25 MW, 26-50 MW, and above 50 MW. 26-50 MW segment is leading the market as these batteries are increasingly gaining interest from the electric utilities as a grid energy storage solution for renewable energy sources. Moreover, these types of batteries possess a higher current density, longer cycle life, and simplified manufacturing scheme in large scale applications. According to United Nations Industrial Development Organization, the total current installed capacity of sodium sulfur batteries in Europe and North America was 37 MW and 20 MW respectively in 2018. All these factors will drive the market for this particular power rating during the forecast period.

Based on application, sodium sulfur battery market is segmented into grid and standalone systems, space, transport and heavy machinery. Grid and standalone systems is estimated to dominate the market during the forecast period due to many electric utilities especially in the developing economies adapting the de-centralized way of generating power. Moreover, the electricity generated is majorly from renewable energy resources such as wind, solar, and hydro, among others. The key component of any isolated grid is the energy storage device. This has ultimately made the battery storage a popular choice among the utilities in the energy storage system. All these factors are likely to drive the sodium sulfur battery market.

Based on region, Asia-Pacific held the largest market share of the global sodium sulfur battery Market in 2017. The growth of the market is attributed to the increasing demand for renewable energy storage system in the residential, commercial, and industrial end-use applications. Moreover, in 2016, Asia-Pacific contributed almost 47% in the global investments towards renewable energy. The increasing investments in the region are driven by many governments in the region who are ramping up their efforts to increase renewable energy in their overall energy mix.

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Table Of Contents

1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.3 Market Structure
3 Research Methodology
3.1 Primary Research
3.2 Secondary Research
3.3 Market Size Estimation
3.4 Forecast Model
3.5 List Of Assumptions
3.6 Limitations Of The Study
4 Market Insights
5 Market Dynamics
5.1 Introduction
5.2 Market Drivers
5.3 Market Restraints
5.4 Market Opportunities
5.5 Porter’s Five Forces Analysis
5.5.1 Threat Of New Entrants
5.5.2 Bargaining Power Of Buyers
5.5.3 Bargaining Power Of Suppliers
5.5.4 Threat Of Substitutes
5.5.5 Intensity Of Rivalry
5.6 Value Chain/Supply Chain Analysis
Continued……

List Of Figures

Figure 1 Research Process Of MRFR
Figure 2 Top Down & Bottom Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
Figure 8 Global Sodium Sulfur Battery Market Share, By Power Rating, 2017 (%)
Figure 9 Global Sodium Sulfur Battery Market, By Power Rating, 2018-2023 (USD Million)
Continued….

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