Sodium-ion Battery Market Size to Grow USD 40550 Million by 2029 at a CAGR of 118.4% | Valuates Reports
BANGALORE, India, Jan. 16, 2024 /PRNewswire/ -- Sodium-ion Battery Market is Segmented by Type (Layered Oxide, Prussian, Polyanionic Compound), by Application (Power Battery, Energy Storage System).
The Global Sodium-ion Battery Market is projected to grow from USD 373.6 Million in 2023 to USD 40550 Million by 2029, at a Compound Annual Growth Rate (CAGR) of 118.4% during the forecast period.
Claim Your Free Sample Now: https://reports.valuates.com/request/sample/QYRE-Auto-2F1114/Global_Sodium_ion_Battery_Market
Major Factors Driving the Growth of Sodium-ion Battery Market
Because of their layered structure, which facilitates sodium ion mobility inside the material and results in high power output and good rate capability, sodium-ion batteries with layered oxide cathodes are becoming more and more popular for energy storage.
Because sodium supplies are plentiful and reasonably priced, sodium-ion batteries provide a strong option for large-scale energy storage requirements. The adoption of sodium-ion technology is also fueled by its potential to supplement or replace current lithium-ion batteries, particularly in situations where resource availability and cost are important factors.
View Full Report:
https://reports.valuates.com/market-reports/QYRE-Auto-2F1114/global-sodium-ion-battery
TRENDS INFLUENCING THE GROWTH OF SODIUM-ION BATTERY MARKET
Sodium-ion batteries with layered oxide cathodes are propelling the market expansion. Usually made of layered transition metal oxides, these cathodes provide a stable platform for the intercalation and deintercalation of sodium ions during the charging and discharging cycles. The layered construction improves the battery's overall performance by facilitating effective ion diffusion. An important step towards improving the viability and sustainability of sodium-ion battery technology is the creation of layered oxide cathodes, which also help to diversify energy storage options.
Because sodium is more plentiful and less expensive than lithium, sodium-ion batteries provide a financially viable alternative. Manufacturers looking for cost-effective options in the energy storage industry find sodium-ion batteries to be an appealing option due to the consistent production and scalability guaranteed by the availability of raw materials, especially sodium.
The market for sodium-ion batteries is expanding due in large part to the rising need for effective energy storage solutions brought on by the increase of renewable energy installations and the electrification of various sectors. These batteries meet the growing demand for dependable energy storage infrastructure with their enhanced capacity and performance features.
The need for improved battery technologies is driven by the rise of energy storage projects worldwide, including decentralized systems and grid-scale applications. Due to their developing capacities, sodium-ion batteries are being used in more and more energy storage projects globally, which is fueling the expansion of the energy storage industry as a whole.
The sodium-ion battery industry is mostly driven by government initiatives and supporting regulations that are intended to promote sustainable energy solutions and reduce carbon emissions. The market's growth is greatly aided by subsidies, incentives, and regulatory frameworks that promote the use of sodium-ion batteries and provide an atmosphere that is conducive to investment and development. One of the main reasons sodium-ion batteries are becoming more and more popular is their stability and safety. Sodium-ion batteries are a dependable and secure choice for a variety of applications, from consumer devices to large-scale energy storage projects, thanks to advancements in battery chemistry and engineering that have increased safety features.
Own It Today – Buy Now! https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-2F1114&lic=single-user
SODIUM-ION BATTERY MARKET SHARE ANALYSIS
Aquion Energy, Natron Energy, Reliance Industries, AMTE Power, and HiNa Battery Technology are a few of the major sodium-ion battery manufacturers in the world. About 65% of income was shared by the top five players in the world. With a market share of almost 70%, North America leads the industry, followed by Europe and China, with respective shares of 5% and 22%.
Purchase Regional Report: https://reports.valuates.com/request/regional/QYRE-Auto-2F1114/Global_Sodium_ion_Battery_Market
Key Players:
- Aquion Energy
- HiNa Battery Technology
- Natron Energy
- CATL
- Li-FUN Technology
- Great Power
- DFD
- Farasis Energy
- Natrium
- VEKEN
- Reliance Industries (Faradion)
- AMTE Power
- Tiamat Energy
- Jiangsu ZOOLNASH
- Ben'an Energy
- Shanxi Huayang
- Transimage
- CEC Great Wall
Purchase Chapters: https://reports.valuates.com/request/chaptercost/QYRE-Auto-2F1114/Global_Sodium_ion_Battery_Market
SUBSCRIPTION
We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.
DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!
- Automotive Sodium-ion Battery market is projected to reach USD 2373.2 Million in 2029, increasing from USD 8 Million in 2022, with a CAGR of 69.1% during the period of 2023 to 2029.
- Electric Vehicle Sodium-ion Battery Market
- PET-CT Scanner Device Market
- Sodium Ion Battery Electrode Market
- Sodium-Ion Battery Separator Market
- Sodium Battery Negative Electrode Binder Market
- Soft Pack Sodium-ion Battery Market
- Sodium-ion Battery Energy Storage System - Global Market Insights and Sales Trends 2024
- Sodium Salt Battery - Global Market Insights and Sales Trends 2024
- Na-ion Cell - Global Market Insights and Sales Trends 2024
- Sodium Ion Battery Cell Market
- Cathode Material for Sodium Ion Battery Market
- Sodium-Ion Battery Electrolyte market is projected to reach USD 220.7 Million in 2029, increasing from USD 126 Million in 2022, with a CAGR of 6.3% during the period of 2023 to 2029.
- Sodium-Ion Battery Organic Electrolyte market is projected to reach USD 135.8 Million in 2029, increasing from USD 86 Million in 2022, with a CAGR of 6.7% during the period of 2023 to 2029.
- Aluminium-ion Battery - Global Market Insights and Sales Trends 2024
- New Energy Passenger Vehicle Lithium Iron Phosphate Battery Market
- Lead Acid Replacement Battery Market
- Hard Carbon Anode Materials for Sodium-ion Battery Market
- The Alkaline Battery market is projected to grow from USD 5288.5 Million in 2023 to USD 5816.9 Million by 2029, at a Compound Annual Growth Rate (CAGR) of 1.6% during the forecast period.
- Lithium-Ion Battery Separator market is projected to reach USD 6683.3 Million in 2029, increasing from USD 2904 Million in 2022, with a CAGR of 9.5% during the period of 2023 to 2029.
- Stationary Sodium-ion Batteries market is projected to reach USD 185.1 Million in 2029, increasing from USD 121 Million in 2022, with a CAGR of 6.2% during the period of 2023 to 2029.
- Electric Vehicle Battery Market
- Lithium-ion Battery Cathode Materials market is projected to grow from USD 8998.6 Million in 2023 to USD 13120 Million by 2029, at a Compound Annual Growth Rate (CAGR) of 6.5% during the forecast period.
- Anode Materials for Li-Ion Battery market is projected to reach USD 4253.8 Million in 2029, increasing from USD 433.3 Million in 2022, with a CAGR of 41.9% during the period of 2023 to 2029.
- Lithium-Sulfur Battery market was valued at USD 39 Million in 2022 and is anticipated to reach USD 290.6 Million by 2029, witnessing a CAGR of 35.0% during the forecast period 2023-2029.
- Lithium Ion Battery Cathode Material Market
DISCOVER OUR VISION: VISIT ABOUT US!
Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.
Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.
To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.
YOUR FEEDBACK MATTERS: REACH OUT TO US!
Valuates Reports
[email protected]
For U.S. Toll-Free Call 1-(315)-215-3225
WhatsApp: +91-9945648335
Website: https://reports.valuates.com
Blog: https://valuatestrends.blogspot.com/
Pinterest: https://in.pinterest.com/valuatesreports/
Twitter: https://twitter.com/valuatesreports
Facebook: https://www.facebook.com/valuatesreports/
https://www.facebook.com/valuateskorean
https://www.facebook.com/valuatesspanish
https://www.facebook.com/valuatesjapanese
Logo: https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg
SOURCE Valuates Reports
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article