Sodium Ion Battery Market 2021-2027 Trends, Research Report, Growth Trends, Opportunities, and Forecast to 2027

The global Sodium Ion Battery Market is expected to reach $1.01 billion in 2021 and is projected to grow at a CAGR of 19% during the forecast period 2021-2027. The growing preference for sodium ion batteries, mainly in the electrical and electronics industry, has played a significant role in the growth of the global sodium ion battery market. The abundance and accessibility of sodium metal in the earth’s crust make sodium-ion batteries an ideal choice over expensive lithium-ion batteries. Due to the high availability of sodium, the cost of the cathode and electrolyte is reduced to about 50% of the total cost of the cell, which significantly lowers the overall battery price.

Sodium Ion Battery Market – Segmentation

Based on the Product Type:

• Sodium-Sulfur Batteries
• Sodium-Salt Batteries (Zebra Batteries)
• Sodium-Oxygen (Sodium Air) Batteries

Based on Application:

• Consumer Electronic Devices
• Automobile & Transportation
• Power Backup
• Grid-Level Applications
• Industrial
• Aerospace & Defense
• Marine
• Others

 

Key Players

• NGK
• Zhejiang Lvming Energy (Durathon)
• Faradion Limited
• Aquion Energy
• HiNa Battery Technology

 

Geographic Coverage

• North America Market Size and/or Volume
• Latin America Market Size and/or Volume
• Europe Market Size and/or Volume
• Asia-Pacific Market Size and/or Volume
• Rest of the world Market Size and/or Volume

 

Recent Developments

• Market Overview and growth analysis
• Import and Export Overview
• Volume Analysis
• Current Market Trends and Future Outlook
• Market Opportunistic and Attractive Investment Segment

 

Key Questions Answered by Sodium Ion Battery Market Report

• What was the Sodium Ion Battery Market in 2020 and 2021; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of Sodium Ion Battery Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are are expected to grow during the forecast period (2021-2027)?
• Which manufacturer/vendor/players in the Sodium Ion Battery Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.