Sodium-air Battery Market A Revolutionary Energy Storage Solution 2023-2030 | Phinergy, PolyPlus, Faradion, De Nora Tech

The Sodium-air Battery Market is anticipated to increase from USD 1.3 million in 2022 to USD 2.3 million by 2031, at a compound annual growth rate (CAGR) of 6.1%. The market is expanding as a result of the increased usage of sodium-air batteries in a variety of applications, including electric cars, grid storage, and consumer electronics, as well as the rising need for energy storage solutions. As a form of metal-air battery, sodium-air batteries employ air as the cathode and sodium as the anode. In comparison to conventional lithium-ion batteries, they have a variety of benefits, including reduced cost, greater energy density, and longer lifespan. Because they don't contain any harmful or dangerous components, sodium-air batteries are also more ecologically friendly.

Although still in its infancy, the sodium-air battery market has shown encouraging signs of expansion. Demand for affordable and effective energy storage technology is rising as the globe moves toward cleaner and more sustainable energy sources. Researchers and business leaders are interested in sodium-air batteries because they have various benefits over conventional lithium-ion batteries, including the availability of raw ingredients and perhaps cheaper production costs. Although there are a number of research and pilot projects on the market examining the possibilities of sodium-air batteries, commercial applications have not yet been fully implemented. To encourage wider usage, manufacturers are concentrating on improving battery performance, longevity, and safety.

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The Key companies profiled in the Sodium-air Battery market :

The study examines the Sodium-air Battery market 's competitive landscape and includes data on Phinergy, PolyPlus, Faradion, De Nora Tech, Fuji Pigment, Natron Energy, Ev Dynamics (Holdings), Xinjiang Joinworld & Others.

Global Sodium-air Battery market Split by Product Type and Applications

This report segments the Sodium-air Battery market on the basis of Types:
Aqueous Electrolyte Type
Non-aqueous Electrolyte Type

On the basis of Application, the Sodium-air Battery market is segmented into:
Industry
Commercial
Others

North America and Europe are at the forefront in efforts to integrate renewable energy sources and promote sustainability. In order to establish sodium-air batteries as a practical energy storage solution, research and development activities are being advanced in North America and Europe. Asia-Pacific, to accelerate the commercialization of sodium-air batteries, the market objectives in this area encourage pilot projects and promote interactions between academics and business leaders. Latin America and the Middle East are two markets where the development of inexpensive and scalable energy storage technology is necessary to support renewable energy initiatives.

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Focusing more on creating high-performance and affordable sodium-air batteries is a current trend in the sodium-air battery market. Numerous businesses are funding the development of sodium-air batteries, and some of them have made considerable strides already. For instance, the British battery company Faradion stated in 2022 that it had created a sodium-air battery with a 160 Wh/kg energy density. The energy density of traditional lithium-ion batteries is far lower than this. Overall, a strong rate of growth in the sodium-air battery market is anticipated throughout the projected period. The market is expanding as a result of increased usage of sodium-air batteries in electric cars and rising demand for energy storage solutions.

Cumulative Impact of COVID-19 on Market:
A few countries' economies and territories have suffered as a result of the COVID-19 episode's lockdowns, travel economic sanctions, and friend dismissals. Due to the pandemic, the global market is one of the primary organizations experiencing significant disruptions such as production network disruptions, innovation event abrogations, and work climate terminations. With its presence and substantial unprocessed material suppliers, China is a global contemporary major economic power.

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Major Points from Table of Contents:
1 Sodium-air Battery market Overview
2 Company Profiles
3 Sodium-air Battery market Competition, by Players
4 Sodium-air Battery market Size Segment by Type
5 Sodium-air Battery market Size Segment by Application
6 North America by Country, by Type, and by Application
7 Europe by Country, by Type, and by Application
8 Asia-Pacific by Region, by Type, and by Application
9 South America by Country, by Type, and by Application
10 Middle East & Africa by Country, by Type, and by Application
11 Research Findings and Conclusion
12 Appendix...

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