Sodium Ion Battery Market by Product Type, End-Users, and Geography (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2030

Description

Persistence Market Research has recently conducted an in-depth analysis of the Sodium Ion Battery market, providing a comprehensive report on the global landscape. This report offers key insights into market dynamics, trends, opportunities, and challenges, offering a detailed overview of the market structure. The research publication presents exclusive data and statistics, projecting the anticipated growth trajectory of the Sodium Ion Battery market from 2023 to 2030.

The global sodium ion battery market is projected to expand at a CAGR of 13.2% and thereby increase from a value of US$315.7 Million attained in 2023, to US$752 Million estimated by the end of 2030.

Key Insights:

Sodium Ion Battery Market Size (2023E): US$ 315.7 Million

Projected Market Value (2030F): US$752 Million

Global Market Growth Rate (CAGR 2023 to 2030): 13.2%

Historical Market Growth Rate (CAGR 2018 to 2022): 11.6%

Sodium Ion Battery Market - Report Scope

Sodium-ion batteries, using sodium ions as charge carriers, offer an advanced and sustainable energy storage solution. They are gaining attention as an alternative to traditional lithium-ion batteries, with potential applications in electric vehicles, consumer electronics, and renewable energy storage. The market is expanding due to abundant sodium resources, the demand for sustainable energy storage, and the growing use of electric vehicles and renewable energy systems. Safety and a reduced ecological footprint further drive the adoption of sodium-ion technology. Ongoing research aims to enhance efficiency and affordability, positioning sodium-ion batteries for continuous market growth.

Market Growth Drivers for Sodium Ion Batteries:

Sodium-ion batteries are gaining traction due to a growing focus on sustainable energy storage solutions. Their environmental friendliness, abundance of sodium resources, and smaller ecological footprint compared to lithium-ion batteries make them a compelling choice. Governments and industries, prioritizing sustainability, are driving the widespread adoption of sodium-ion batteries in grid-scale energy storage and electric vehicles. Their expanding applications in EVs and renewable energy systems contribute to the market's significant growth, offering an environmentally conscious alternative in the evolving energy storage landscape.

Market Restraints:

Sodium-ion batteries face challenges in maturity and viability, hindering widespread adoption. Scaling production cost-effectively and achieving competitive energy density are key hurdles. Integration issues with existing lithium-ion infrastructure must be addressed. Improving energy density and material development is crucial for competitiveness. Research efforts should focus on enhancing materials for better performance and durability.

Market Opportunities:

The integration of sodium-ion batteries in renewable energy grids offers a cost-effective solution for storing surplus energy from intermittent sources like solar and wind. This enhances energy management, grid stability, and ensures a consistent power supply, contributing to environmentally sustainable infrastructures. Additionally, advancements in electric vehicle (EV) technology may drive the adoption of sodium-ion batteries as a viable and sustainable alternative to traditional lithium-ion batteries, given their cost-effectiveness and performance. Continuous research and development position sodium-ion batteries to meet the growing demand for energy storage in the rapidly expanding electric vehicle market.

Key Questions Answered in the Report:

Which regions are expected to dominate the Sodium Ion Battery market in the future?
What factors will drive the demand for Sodium Ion Batteries in the coming years?
How will ongoing technological trends impact the global Sodium Ion Battery market?
Who are the key players in the Sodium Ion Battery market?
What strategies are major players employing to enhance their positions in this industry?

Competitive Intelligence and Business Strategy:

The sodium-ion battery market is highly competitive, with key players like Altris AB, AMTE Power plc, Aquion Energy, and Faradion Limited striving for technological advancement and market dominance. Research and development investments are crucial for maintaining a competitive edge, as organizations focus on improving cost-effectiveness, energy density, and efficiency of sodium-ion batteries. Collaborations and strategic alliances with industry stakeholders and research institutions enhance competition and foster technological progress. Mergers and acquisitions are employed to strengthen global presence and product offerings. Manufacturers aim to achieve technological superiority, cost competitiveness, and meet emerging application needs for sustained growth in the expanding market.

Key Companies Profiled:
Altris AB
AMTE Power plc
Aquion Energy
Faradion Limited

HiNa Battery Technology Co. Ltd.

Natron Energy Inc.
NEI Corporation
NGK Insulators Ltd.
Tiamat Energy

Sodium Ion Battery Market Research Segmentation:

By Product Type:
Sodium-Sulphur Battery
Sodium-Salt Battery
Sodium-Air Battery
By Application:
Grid Energy Storage
Transportation
By Region:
North America
Europe
East Asia
South Asia & Oceania
Latin America
Middle East & Africa

Product Code: PMRREP33552

1. Executive Summary

1.1. Global Market Snapshot, 2023 and 2030
1.2. Market Opportunity Assessment, 2023 - 2030, US$ Mn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Technology Lifecycle Analysis
2.4. Sodium Ion Battery Market: Value Chain
- 2.4.1. List of Raw Material Supplier
- 2.4.2. List of Manufacturers
- 2.4.3. List of Distributors
- 2.4.4. List of Applications
- 2.4.5. Profitability Analysis
2.5. Porter Five Force's Analysis
2.6. Geopolitical Tensions: Market Impact
2.7. Macro-Economic Factors
- 2.7.1. Global Sectorial Outlook
- 2.7.2. Global GDP Growth Outlook
- 2.7.3. Global Parent Market Overview
2.8. Forecast Factors - Relevance and Impact
2.9. Regulatory and Technology Landscape

3. Global Sodium Ion Battery Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

3.1. Key Highlights
- 3.1.1. Market Volume (Units) Projections
- 3.1.2. Market Size and Y-o-Y Growth
- 3.1.3. Absolute $ Opportunity
3.2. Market Size (US$ Mn) Analysis and Forecast
- 3.2.1. Historical Market Size Analysis, 2013-2016
- 3.2.2. Current Market Size Forecast, 2018-2026
3.3. Global Sodium Ion Battery Market Outlook: Technology
- 3.3.1. Introduction / Key Findings
- 3.3.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Technology, 2018 - 2022
- 3.3.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Technology, 2023 - 2030
  - 3.3.3.1. Sodium-Sulphur Battery
  - 3.3.3.2. Sodium-Salt Battery
  - 3.3.3.3. Sodium-Air Battery
3.4. Market Attractiveness Analysis: Technology
3.5. Global Sodium Ion Battery Market Outlook: Application
- 3.5.1. Introduction / Key Findings
- 3.5.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Application, 2018 - 2022
- 3.5.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
  - 3.5.3.1. Grid Energy Storage
  - 3.5.3.2. Transportation
3.6. Market Attractiveness Analysis: Application
3.7. Market Attractiveness Analysis: End-use

4. Global Sodium Ion Battery Market Outlook: Region

4.1. Key Highlights
4.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Region, 2018 - 2022
4.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Region, 2023 - 2030
- 4.3.1. North America
- 4.3.2. Europe
- 4.3.3. East Asia
- 4.3.4. South Asia and Oceania
- 4.3.5. Latin America
- 4.3.6. Middle East & Africa (MEA)
4.4. Market Attractiveness Analysis: Region

5. North America Sodium Ion Battery Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

5.1. Key Highlights
5.2. Pricing Analysis
5.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 5.3.1. By Country
- 5.3.2. By Technology
- 5.3.3. By Application
5.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 5.4.1. U.S.
- 5.4.2. Canada
5.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Technology, 2023 - 2030
- 5.5.1. Sodium-Sulphur Battery
- 5.5.2. Sodium-Salt Battery
- 5.5.3. Sodium-Air Battery
5.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 5.6.1. Grid Energy Storage
- 5.6.2. Transportation
5.7. Market Attractiveness Analysis

6. Europe Sodium Ion Battery Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

6.1. Key Highlights
6.2. Pricing Analysis
6.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 6.3.1. By Country
- 6.3.2. By Technology
- 6.3.3. By Application
6.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 6.4.1. Germany
- 6.4.2. France
- 6.4.3. U.K.
- 6.4.4. Italy
- 6.4.5. Spain
- 6.4.6. Russia
- 6.4.7. T rkiye
- 6.4.8. Rest of Europe
6.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Technology, 2023 - 2030
- 6.5.1. Sodium-Sulphur Battery
- 6.5.2. Sodium-Salt Battery
- 6.5.3. Sodium-Air Battery
6.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 6.6.1. Grid Energy Storage
- 6.6.2. Transportation
6.7. Market Attractiveness Analysis

7. East Asia Sodium Ion Battery Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 7.3.1. By Country
- 7.3.2. By Technology
- 7.3.3. By Application
7.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 7.4.1. China
- 7.4.2. Japan
- 7.4.3. South Korea
7.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Technology, 2023 - 2030
- 7.5.1. Sodium-Sulphur Battery
- 7.5.2. Sodium-Salt Battery
- 7.5.3. Sodium-Air Battery
7.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 7.6.1. Grid Energy Storage
- 7.6.2. Transportation
7.7. Market Attractiveness Analysis

8. South Asia & Oceania Sodium Ion Battery Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 8.3.1. By Country
- 8.3.2. By Technology
- 8.3.3. By Application
8.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 8.4.1. India
- 8.4.2. Southeast Asia
- 8.4.3. ANZ
- 8.4.4. Rest of South Asia & Oceania
8.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Technology, 2023 - 2030
- 8.5.1. Sodium-Sulphur Battery
- 8.5.2. Sodium-Salt Battery
- 8.5.3. Sodium-Air Battery
8.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 8.6.1. Grid Energy Storage
- 8.6.2. Transportation
8.7. Market Attractiveness Analysis

9. Latin America Sodium Ion Battery Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

9.1. Key Highlights
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 9.3.1. By Country
- 9.3.2. By Technology
- 9.3.3. By Application
9.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 9.4.1. Brazil
- 9.4.2. Mexico
- 9.4.3. Rest of Latin America
9.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Component, 2023 - 2030
- 9.5.1. Sodium-Sulphur Battery
- 9.5.2. Sodium-Salt Battery
- 9.5.3. Sodium-Air Battery
9.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 9.6.1. Grid Energy Storage
- 9.6.2. Transportation
9.7. Market Attractiveness Analysis

10. Middle East & Africa Sodium Ion Battery Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

10.1. Key Highlights
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 10.3.1. By Country
- 10.3.2. By Technology
- 10.3.3. By Application
10.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 10.4.1. GCC
- 10.4.2. Egypt
- 10.4.3. South Africa
- 10.4.4. Northern Africa
- 10.4.5. Rest of Middle East & Africa
10.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Technology, 2023 - 2030
- 10.5.1. Sodium-Sulphur Battery
- 10.5.2. Sodium-Salt Battery
- 10.5.3. Sodium-Air Battery
10.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 10.6.1. Grid Energy Storage
- 10.6.2. Transportation
10.7. Market Attractiveness Analysis

11. Competition Landscape

11.1. Market Share Analysis, 2022
11.2. Market Structure
- 11.2.1. Competition Intensity Mapping By Market
- 11.2.2. Competition Dashboard
- 11.2.3. Apparent Product Capacity
11.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 11.3.1. Altris AB
  - 11.3.1.1. Overview
  - 11.3.1.2. Segments and Product
  - 11.3.1.3. Key Financials
  - 11.3.1.4. Market Developments
  - 11.3.1.5. Market Strategy
- 11.3.2. AMTE Power plc
  - 11.3.2.1. Overview
  - 11.3.2.2. Segments and Product
  - 11.3.2.3. Key Financials
  - 11.3.2.4. Market Developments
  - 11.3.2.5. Market Strategy
- 11.3.3. Aquion Energy
  - 11.3.3.1. Overview
  - 11.3.3.2. Segments and Product
  - 11.3.3.3. Key Financials
  - 11.3.3.4. Market Developments
  - 11.3.3.5. Market Strategy
- 11.3.4. Faradion Limited
  - 11.3.4.1. Overview
  - 11.3.4.2. Segments and Product
  - 11.3.4.3. Key Financials
  - 11.3.4.4. Market Developments
  - 11.3.4.5. Market Strategy
- 11.3.5. HiNa Battery Technology Co. Ltd.
  - 11.3.5.1. Overview
  - 11.3.5.2. Segments and Product
  - 11.3.5.3. Key Financials
  - 11.3.5.4. Market Developments
  - 11.3.5.5. Market Strategy
- 11.3.6. Natron Energy Inc.
  - 11.3.6.1. Overview
  - 11.3.6.2. Segments and Product
  - 11.3.6.3. Key Financials
  - 11.3.6.4. Market Developments
  - 11.3.6.5. Market Strategy
- 11.3.7. NEI Corporation
  - 11.3.7.1. Overview
  - 11.3.7.2. Segments and Product
  - 11.3.7.3. Key Financials
  - 11.3.7.4. Market Developments
  - 11.3.7.5. Market Strategy
- 11.3.8. NGK Insulators Ltd.
  - 11.3.8.1. Overview
  - 11.3.8.2. Segments and Product
  - 11.3.8.3. Key Financials
  - 11.3.8.4. Market Developments
  - 11.3.8.5. Market Strategy
- 11.3.9. Tiamat Energy
  - 11.3.9.1. Overview
  - 11.3.9.2. Segments and Product
  - 11.3.9.3. Key Financials
  - 11.3.9.4. Market Developments
  - 11.3.9.5. Market Strategy

12. Appendix

12.1. Research Methodology
12.2. Research Assumptions
12.3. Acronyms and Abbreviations