Global Sodium Ion Battery Market Size 2022, Growth, Demand,Key Players, Cost Models, Forecast by 2027

According to IMARC Group’s latest report, titled “Sodium Ion Battery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global sodium ion battery market size reached US$ 253.44 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 577.41 Million by 2027, exhibiting a growth rate (CAGR) of 13.50% during 2022-2027.

Sodium ion batteries reserve power by fusing chemical and electrical energy into each other. They rely on the reversible movement between two electrodes through electrolytes for efficient operation. Sodium ion batteries offer various benefits, such as enhanced safety, superior environmental credentials, and better raw material costs compared to lithium-ion (Li-ion) batteries. In addition, they are made from materials that are non-flammable, energy-dense, and operate well in colder temperatures. As a result, sodium ion batteries find widespread applications across several sectors, including transportation, defense, aerospace, marine, energy, etc.

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Sodium Ion Battery Market Trends:

The escalating product utilization to store electricity generated through solar or wind energy, on account of the rising greenhouse gas emissions, is among the primary factors driving the sodium ion battery market. Besides this, the inflating number of investments by the leading players for the introduction of enhanced stationary energy storage is further augmenting the market growth. Moreover, the increasing awareness among individuals towards the benefits of sodium ion batteries, such as low charging time and high energy density, is also catalyzing the global market.

Apart from this, the launch of various policies by the government bodies to promote the production of renewable energy to provide fuel diversification and reliable power supplies, which enhance power security, is acting as another significant growth-inducing factor. Furthermore, the elevating demand for electric vehicles (EVs), owing to the zero tailpipe emissions of air pollutants, including nitrogen oxides (NOx) and particles, is anticipated to propel the sodium ion battery market over the forecasted period. 

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Sodium Ion Battery Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the sodium ion battery market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• Altris AB
• AMTE Power plc
• Aquion Energy
• Faradion Limited
• HiNa Battery Technology Co. Ltd.
• Natron Energy Inc.
• NEI Corporation
• NGK Insulators Ltd.
• and Tiamat Energy.

Key Market Segmentation:

The report has segmented the snus market on the basis of type and application.

Breakup by Type:

• Sodium-Sulphur Battery
• Sodium-Salt Battery
• Sodium-Air Battery

Breakup by Application:

• Stationary Energy Storage
• Transportation

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Turkey, South Africa, Others)

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This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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