Sodium-Ion Battery Market

Sodium-Ion Battery Market worth $1.2 billion by 2028

The report "Sodium-Ion Battery Market by Battery Type (Sodium-Sulfur, and Sodium-Salt), Technology Type (Aqueous and Non-Aqueous), End-Use (Energy Storage, Automotive, and Industrial), and Region (Asia Pacific, Europe, and North America) - Global Forecast to 2028", is projected to grow from USD 0.5 billion in 2023 to USD 1.2 billion by 2028, at a CAGR of 21.5% during the forecast period. The market is expected to grow, fueled by their affordability compared to lithium-ion batteries. This makes them perfect for large-scale energy storage, especially with renewables like wind and solar needing solutions for fluctuating power. Their reliance on common sodium positions them as a more sustainable option, pushing the market forward due to the global focus on reducing our environmental impact.

Browse 100 market data Tables and 41 Figures spread through 143 Pages and in-depth TOC on "Sodium-Ion Battery Market by Battery Type (Sodium-Sulfur, and Sodium-Salt), Technology Type (Aqueous and Non-Aqueous), End-Use (Energy Storage, Automotive, and Industrial), and Region (Asia Pacific, Europe, and North America) - Global Forecast to 2028"
View detailed Table of Content here -

The automotive sodium-ion battery market, by end-use, is expected to be the fastest market from during the forecast period.

Despite the energy storage sector driving the overall sodium-ion battery market, the automotive industry currently takes the lead in using these batteries. This dominance is due to their significant cost advantage compared to lithium-ion batteries in electric vehicles, and their sufficient energy density for many everyday EV applications. This affordability opens doors to more budget friendly EVs, potentially expanding the market and boosting overall battery demand. There is high demand for the sodium-ion battery for automotive market during the forecast period.

The non-aqueous technology segment is projected to lead the global Sodium-Ion Battery market during the forecast period.

The non-aqueous technology is expected to be one of the major segments for sodium-ion battery market. Factors driving the technology are organic solvents in these electrolytes which allow for higher voltages and thus greater energy density, perfect for electric vehicles needing extended range. They eliminate safety risks associated with water-based electrolytes and sodium metal and they offer superior performance stability across varying temperatures, making them more reliable for demanding applications. While aqueous options are being explored for their environmental benefits, these factors currently secure non-aqueous electrolytes which  supports the growth of the sodium-ion battery market.

Asia Pacific in the sodium-ion battery market is projected to grow at the largest region.

Asia Pacific is the largest consumer of Sodium-Ion Battery, in terms of value. Driven by a combination of factors such as economic powerhouses like China and India are experiencing rapid growth, boosting electricity demand.  Renewable energy adoption is also on the rise, requiring efficient storage solutions that sodium-ion batteries can provide. Government backing for research and production further fuels the region's leadership, while a growing population with disposable income fuels the electric vehicle market, another key application for these batteries and these factors will boost the market.

Some of the leading players in this market include Ningbo Shanshan Co., Ltd. (China), Jiangxi Zhengtuo New Energy Technology (China), Resonac Holdings Corporation (Japan), POSCO FUTURE M (South Korea), Mitsubishi Chemical Group Corporation (Japan), and SGL Carbon (Germany) among others.

Don’t miss out on business opportunities in Sodium-Ion Battery Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Sodium-Ion Battery Market Size,  Share & Growth Report
Report Code
CH 8993
PR Published ON
Choose License Type
Request Customization
Speak to Analyst
Speak to Analyst
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
  • What are the Known and Unknown Adjacencies Impacting the Sodium-Ion Battery Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
©2024 MarketsandMarkets Research Private Ltd. All rights reserved Protection Status

Digital Virtual Assistant - MarketsandMarkets