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Report
Sodium Ion Battery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-05-29 I 148 Pages I IMARC Group
Market Overview:
The global sodium ion battery market size reached US$ 290.4 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 651.1 Million by 2028, exhibiting a growth rate (CAGR) of 13.2% during 2023-2028.
Sodium-ion batteries store energy by fusing electrical and chemical energy into each other. They rely on the reversible movement of ions between two electrodes with the help of electrolytes for efficient operation. They offer several benefits, such as superior environmental credentials, enhanced safety, and better raw material costs compared to lithium-ion (Li-ion) batteries. As they are made from materials that are energy dense, non-flammable, and operate well in colder temperatures, sodium-ion batteries find application in the transportation, defense, aerospace, marine, and energy industries across the globe.
Sodium Ion Battery Market Trends:
Due to the growing greenhouse gas emissions, there is a rise in the demand for cleaner energy around the world. This, along with the increasing utilization of sodium-ion batteries to store electricity generated through solar or wind energy, represents one of the key factors driving the market. Moreover, the rising awareness among the masses about the benefits of sodium-ion batteries, such as high energy density, low charging time, and a high number of charging cycles, is propelling the growth of the market. In addition, governments of several countries are promoting the production of renewable energy to provide reliable power supplies and fuel diversification, which enhance energy security, lower the risk of fuel spills, and reduce the need for imported fuels. Apart from this, key market players are extensively investing in research and development (R&D) activities to introduce enhanced stationary energy storage, which is expected to influence the market positively. Furthermore, the escalating demand for electric vehicles (EVs) due to zero tailpipe emissions of air pollutants, such as nitrogen oxides (NOx) and particles, is also projected to bolster the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global sodium ion battery market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on 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
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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 Questions Answered in This Report:
How has the global sodium ion battery market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global sodium ion battery market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global sodium ion battery market and who are the key players?
What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Sodium Ion Battery Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Sodium-Sulphur Battery
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Sodium-Salt Battery
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Sodium-Air Battery
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Application
7.1 Stationary Energy Storage
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Transportation
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Region
8.1 North America
8.1.1 United States
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Canada
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.2 Asia-Pacific
8.2.1 China
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Japan
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.2.3 India
8.2.3.1 Market Trends
8.2.3.2 Market Forecast
8.2.4 South Korea
8.2.4.1 Market Trends
8.2.4.2 Market Forecast
8.2.5 Australia
8.2.5.1 Market Trends
8.2.5.2 Market Forecast
8.2.6 Indonesia
8.2.6.1 Market Trends
8.2.6.2 Market Forecast
8.2.7 Others
8.2.7.1 Market Trends
8.2.7.2 Market Forecast
8.3 Europe
8.3.1 Germany
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 France
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 United Kingdom
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Italy
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Spain
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Russia
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
8.3.7 Others
8.3.7.1 Market Trends
8.3.7.2 Market Forecast
8.4 Latin America
8.4.1 Brazil
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2 Mexico
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3 Others
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast
9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 Altris AB
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.2 AMTE Power plc
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.3 Aquion Energy
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.4 Faradion Limited
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.5 HiNa Battery Technology Co. Ltd.
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.6 Natron Energy Inc.
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.7 NEI Corporation
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.8 NGK Insulators Ltd.
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.8.3 Financials
13.3.8.4 SWOT Analysis
13.3.9 Tiamat Energy
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
Figure 1: Global: Sodium Ion Battery Market: Major Drivers and Challenges
Figure 2: Global: Sodium Ion Battery Market: Sales Value (in Million US$), 2017-2022
Figure 3: Global: Sodium Ion Battery Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 4: Global: Sodium Ion Battery Market: Breakup by Type (in %), 2022
Figure 5: Global: Sodium Ion Battery Market: Breakup by Application (in %), 2022
Figure 6: Global: Sodium Ion Battery Market: Breakup by Region (in %), 2022
Figure 7: Global: Sodium Ion Battery (Sodium-Sulphur Battery) Market: Sales Value (in Million US$), 2017 & 2022
Figure 8: Global: Sodium Ion Battery (Sodium-Sulphur Battery) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 9: Global: Sodium Ion Battery (Sodium-Salt Battery) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Sodium Ion Battery (Sodium-Salt Battery) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Sodium Ion Battery (Sodium-Air Battery) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Sodium Ion Battery (Sodium-Air Battery) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Sodium Ion Battery (Stationary Energy Storage) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Sodium Ion Battery (Stationary Energy Storage) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Sodium Ion Battery (Transportation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Sodium Ion Battery (Transportation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: North America: Sodium Ion Battery Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: North America: Sodium Ion Battery Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: United States: Sodium Ion Battery Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: United States: Sodium Ion Battery Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Canada: Sodium Ion Battery Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Canada: Sodium Ion Battery Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Asia-Pacific: Sodium Ion Battery Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Asia-Pacific: Sodium Ion Battery Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: China: Sodium Ion Battery Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: China: Sodium Ion Battery Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Japan: Sodium Ion Battery Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Japan: Sodium Ion Battery Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: India: Sodium Ion Battery Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: India: Sodium Ion Battery Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: South Korea: Sodium Ion Battery Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: South Korea: Sodium Ion Battery Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Australia: Sodium Ion Battery Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Australia: Sodium Ion Battery Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Indonesia: Sodium Ion Battery Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Indonesia: Sodium Ion Battery Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Others: Sodium Ion Battery Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Others: Sodium Ion Battery Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Europe: Sodium Ion Battery Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Europe: Sodium Ion Battery Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Germany: Sodium Ion Battery Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Germany: Sodium Ion Battery Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: France: Sodium Ion Battery Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: France: Sodium Ion Battery Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: United Kingdom: Sodium Ion Battery Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: United Kingdom: Sodium Ion Battery Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Italy: Sodium Ion Battery Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Italy: Sodium Ion Battery Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Spain: Sodium Ion Battery Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Spain: Sodium Ion Battery Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Russia: Sodium Ion Battery Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Russia: Sodium Ion Battery Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Others: Sodium Ion Battery Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Others: Sodium Ion Battery Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Latin America: Sodium Ion Battery Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Latin America: Sodium Ion Battery Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Brazil: Sodium Ion Battery Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Brazil: Sodium Ion Battery Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Mexico: Sodium Ion Battery Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Mexico: Sodium Ion Battery Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Others: Sodium Ion Battery Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Others: Sodium Ion Battery Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Middle East and Africa: Sodium Ion Battery Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Middle East and Africa: Sodium Ion Battery Market: Breakup by Country (in %), 2022
Figure 65: Middle East and Africa: Sodium Ion Battery Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Global: Sodium Ion Battery Industry: SWOT Analysis
Figure 67: Global: Sodium Ion Battery Industry: Value Chain Analysis
Figure 68: Global: Sodium Ion Battery Industry: Porter's Five Forces Analysis
Table 1: Global: Sodium Ion Battery Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Sodium Ion Battery Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Sodium Ion Battery Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Global: Sodium Ion Battery Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 5: Global: Sodium Ion Battery Market: Competitive Structure
Table 6: Global: Sodium Ion Battery Market: Key Players
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