Sodium-ion Battery Research:CAGR of 9.9% during the forecast period

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2025 latest report "Sodium-ion Battery- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031". Based on current situation and impact historical analysis (2020-2024) and forecast calculations (2025-2031), this report provides a comprehensive analysis of the global Wire Drawing Dies market, including market size, share, demand, industry development status, and forecasts for the next few years.



The global market for Sodium-ion Battery was estimated to be worth US$ 274 million in 2024 and is forecast to a readjusted size of US$ 22370 million by 2031 with a CAGR of 88.9% during the forecast period 2025-2031.



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https://www.qyresearch.com/reports/3529209/sodium-ion-battery



Sodium-ion Battery Market Summary

Sodium-ion batteries are an emerging energy storage technology that uses sodium ions (Na+) as charge carriers instead of lithium ions, offering a cost-effective and sustainable alternative to lithium-ion batteries. They operate on a similar principle, with sodium ions moving between the anode and cathode during charging and discharging cycles. Key materials include sodium-based compounds like sodium metal oxides or polyanionic compounds for the cathode, and hard carbon or other materials for the anode. While sodium-ion batteries have a lower energy density compared to lithium-ion batteries, they excel in safety, scalability, and raw material abundance, making them suitable for large-scale applications such as grid energy storage. Research is ongoing to improve their performance, cycle life, and energy density.



At present, the global sodium-ion battery is in the investment and construction stage. The construction of the sodium-ion battery industry chain was just completed around 2022, and since then, both production capacity and output have increased significantly. In 2023, the global sodium-ion battery output and capacity growth rates will be 551% and 214% respectively, and will continue to grow rapidly thereafter. However, most corporate investment and construction investment are currently concentrated in China, mainly due to government policy support and a mature lithium-ion battery industry chain. The principles of sodium-ion batteries and lithium-ion batteries are basically the same, and many sodium-ion battery companies are also manufacturers of lithium-ion batteries.

From the perspective of product types, Transition Metal Oxides (NaxTMO2) is currently the main sodium-ion battery cathode technology route. According to estimates, the global Transition Metal Oxides (NaxTMO2) sodium-ion battery market will reach 2.51GWh in 2024, accounting for 86.64% of the global market by sales. Polyanionic Compound sodium-ion batteries also have great development prospects and will grow rapidly in the future. It is expected that the compound growth rate in the next six years (2024-2030) will reach 43.53%.

From the perspective of downstream product applications, the energy storage market is currently the main application market. The current sales volume of sodium-ion battery products used for energy storage is 2.15GWh, accounting for 74.02% of the global market by sales. Sodium-ion batteries have great application prospects in the energy storage market due to their safety and low cost, and their shortcomings such as discharge rate and energy density can be basically ignored in the field of energy storage. At present, due to the decline in the cost of lithium-ion batteries, sodium-ion batteries are still rarely used in the automotive field. However, with the future technological advancement of sodium-ion batteries and further reduction in costs, their application in the automotive field will also grow rapidly in the future.

According to the new market research report "Global Sodium-ion Battery Market Report 2025-2031", published by QYResearch, the global Sodium-ion Battery market size is projected to reach USD 5.43 billion by 2031, at a CAGR of 9.9% during the forecast period.

Global Sodium-ion Battery MarketSize(US$ Million), 2020-2031
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Above data is based on report from QYResearch: Global Sodium-ion Battery Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.

Global Sodium-ion Battery Top8Players Ranking and Market Share (Ranking is based on the revenue of 2024, continually updated)
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Above data is based on report from QYResearch: Global Sodium-ion Battery Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.

According to QYResearch Top Players Research Center, the global key manufacturers of Sodium-ion Battery include HiNa Battery Technology, Zoolnasm, etc. In 2024, the global top three players had a share approximately 66.0% in terms of revenue.

Sodium-ion Battery,Global Market Size, Split by Product Segment
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Based on or includes research from QYResearch: Global Sodium-ion Battery Market Report 2024-2030.

In terms of product type, currently Layered Oxide is the largest segment, hold a share of 86.6%.

In terms of product application, currently Energy Storage System is the largest segment, hold a share of 74.0%.





The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.



The Sodium-ion Battery market is segmented as below:

By Company

Aquion Energy
Natron Energy
Reliance Industries (Faradion)
AMTE Power
Tiamat Energy
CATL
HiNa Battery Technology
Jiangsu ZOOLNASH
Li-FUN Technology
Ben'an Energy
Shanxi Huayang
Great Power
DFD
Farasis Energy
Transimage
NATRIUM
Veken
Jiangsu Pylon Battery



Segment by Type

Layered Oxide
Prussian
Polyanionic Compound



Segment by Application

Power Battery
Energy Storage System



Each chapter of the report provides detailed information for readers to further understand the Sodium-ion Battery market:

Chapter 1: Introduces the report scope of the Sodium-ion Battery report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2020-2031)

Chapter 2: Detailed analysis of Sodium-ion Battery manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2020-2025)

Chapter 3: Provides the analysis of various Sodium-ion Battery market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2020-2031)

Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2020-2031)

Chapter 5: Sales, revenue of Sodium-ion Battery in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2020-2031)

Chapter 6: Sales, revenue of Sodium-ion Battery in country level. It provides sigmate data by Type, and by Application for each country/region.(2020-2031)

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2020-2025)

Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 9: Conclusion.



Benefits of purchasing QYResearch report:

Competitive Analysis: QYResearch provides in-depth Sodium-ion Battery competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.

Industry Analysis: QYResearch provides Sodium-ion Battery comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.

and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.

Market Size: QYResearch provides Sodium-ion Battery market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.



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