Sodium Ion Battery Market Grow at a CAGR of 11.34% and Industry to Take Innovative Steps in the Next 10 Years with New Key players - Natron Energy Inc., Faradion Limited, AGM Batteries Ltd Among others.

The Global Demand for Global Sodium Ion Battery Market In Terms Of Revenue Was Worth of USD 70.29 Million in 2020 and is expected to reach USD 141.16 Million in 2027, growing at a CAGR of 11.34% from 2021 to 2027. The global sodium ion battery market is expected to grow at significant growth rate due to number of driving factors.

Scope of Sodium Ion Battery Market:

Sodium-ion batteries (SIB) are a type of rechargeable metal-ion battery that uses sodium ions as charge carriers. Sodium ions are profoundly active and good carrier of charge, which makes the sodium ion batteries an efficient power storage alternative. These batteries have been identified as the most captivating alternative form of energy storage systems. Easy availability and accessibility of sodium are also supplementing the demand for sodium-ion batteries.

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These batteries are favorable options for those applications, wherein the degree of compactness is of least importance. Charging the battery forces sodium-ions to de-intercalate from the cathode and migrate toward the anode. Sodium-ion batteries have eminent electrochemical quality in terms of charge-discharge, reversibility, and high specific discharge capacity. These batteries have recently gained commercialization status. Thus, the sodium-ion batteries market is expected to expand significantly in the near future.

Global Sodium Ion Battery Market: Market Player Analysis

• Faradion Limited
• AGM Batteries Ltd
• NGK Insulators Ltd
• TIAMAT SAS
• HiNa Battery Technology Co. Ltd
• Altris AB
• Natron Energy Inc.
• Others

Global Sodium Ion Battery Market Segmentation Analysis:

The study provides a crucial view of global sodium ion battery market by segmenting the market based on product type, end-user and region & country level.

Global Sodium Ion Battery Market: By Product Type

• Sodium-sulfur batteries
• Sodium-salt batteries
• Sodium-oxygen

Global Sodium Ion Battery Market: By End use

• Residential
• Utility
• Commercial
• Industrial
• Transport

The product type segment of sodium ion battery market is dominated by Sodium-sulfur batteries with a largest market share of XX.XX % in 2020. The end-user segment of sodium ion battery market is dominated by Grid Storage segment by capturing the largest market of 80.87 % in year 2020.

Global Market Trends of Sodium Ion Battery Market:

The global Sodium ion battery market is expected to witness a significant growth in the coming few years owing to various benefits offered by these batteries. Sodium-ion batteries have been touted as an attractive storage technology due to their elemental abundance, promising electrochemical performance, and environmentally benign nature.

Sodium-ion batteries (SIBs) are considered as the best power sources because sodium is widely available and exhibits similar chemistry to that of LIBs; therefore, these batteries may promise next-generation alternatives.

Sodium-Ion Batteries: Faradion Limited is the first company in the new millennium to identify and absorb the potential of sodium ions in rechargeable batteries. Its sodium-ion batteries are recognized as an emerging technology and an important part of the solution for cheap, clean energy. The Faradion sodium-ion batteries are ideal for stationary storage applications over a wide temperature range, due to their high energy density both by mass and volume which is combined with safety and cost advantages.

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Table of Content: Global Sodium-Ion Batteries Market Research Report

Chapter 1: Global Sodium-Ion Batteries Industry Overview
Chapter 2: Global Economic Impact on Sodium-Ion Batteries Markets
Chapter 3: Global Market Size Competition by Industry Producers
Chapter 4: Global Productions, Revenue (Value), according to Regions
Chapter 5: Global Supplies (Production), Consumption, Export, Import, geographically
Chapter 6: Global Productions, Revenue (Value), Price Trend, Product Type
Chapter 7: Global Market Analysis, on the basis of Application
Chapter 8: Sodium-Ion Batteries Market Industry Value Chain
Chapter 9: Sodium-Ion Batteries Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Economic Indicators, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Sodium-Ion Batteries Market Forecast Period
Chapter 14: Future of the Market
Chapter 15: Appendix
Global Sodium-Ion Batteries Markets: Regional Analysis

The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2021 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
• South America (Brazil etc.)
• Middle East and Africa (Egypt and GCC Countries)

Report Highlights:
• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation opportunities and disruptive technologies, company overview, revenue shares, strategic overview of Market supply and demand
• Statistical data in terms of value (US$) as well as Volume (units) till 2027
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• The data analysis present in the report is based on the combination of both historical as well as current growth parameters resources
• Recommendations to companies for strengthening their foothold in the market
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

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