Several strategies by key Players is Expected to Fuel the Global Sodium-Ion Battery Market

Published: May 2022

The global sodium-ion battery market is anticipated to grow at a considerable CAGR of 7.9% during the forecast period (2022-2028). The key companies operating in the industry are highly inclined towards the adoption of different growth strategies including capacity expansion, partnerships, mergers and acquisitions, geographical expansion, new product launches, and product innovation to remain competitive in the marketplace this is anticipated to positively impact significant market growth. Hence owing to the development and manufacturing of innovative solutions the sodium-ion battery market is augmenting its growth over the forecast period. For instance, in January 2022, Bluetti introduced the sodium-ion solar generator NA300 sodium-ion generator along with the sodium-ion B480 battery pack to power the generator. The NA300 is being touted as the fastest charging solar generator which can go from 0-80% in just 30 minutes. Although it would sport the same design as Bluetti's previous products, the generator comes with a 3,000W solar input capability thanks to its 6,000W swift AC + PV dual-charging technology. In addition to this, the device will have 20A plugs and one 30A L14-30 output port to connect various appliances. 

Browse the full report description “Global Sodium Ion Battery Market Size, Share & Trends Analysis Report by Type (Sodium Sulfur Battery, Sodium Salt Battery, and Sodium Oxygen Battery) and by End-User (Automobile Applications, Residential & Commercial Power Backups, and Others)  Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/sodium-ion-battery-market

Additionally, In July 2021, Contemporary Amperex Technology Co. Ltd (CATL) launched its first-generation sodium-ion battery, together with its AB battery pack solution, which can integrate sodium-ion cells and lithium-ion cells into one pack. 

Furthermore, In January 2020, BASF SE and NGK signed a partnership to introduce the next-generation NAS batteries. BASF is already a distributor of NGK-made NAS batteries, but now they have expanded their partnership to a joint development agreement (JDA) to launch the next generation of NAS batteries. The two companies will utilize their mutual technical know-how, chemistry expertise, and battery design and manufacturing to develop the product. 

Market Coverage

  • The market number available for – 2021-2028
  • Base year- 2021
  • Forecast period- 2022-2028

Segment Covered- 

  • By Type
  • By End-User

Regions Covered-

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

Competitive Landscape- including Faradion Limited, NGK Insulators Ltd, TIAMAT SAS, HiNa Battery Technology Co. Ltd, General Electric, Altairnano, and Natron Energy Inc., and others.

Key questions addressed by the report

  • What is the market growth rate?
  • Which segment and region dominate the market in the base year?
  • Which segment and region will project the fastest growth in the market?
  • How COVID-19 impacted the market?

oDeviation from the pre-COVID-19 forecast

oMost affected region and segment

  • Who is the leader in the market?
  • How players are addressing challenges to sustain growth?
  • Where is the investment opportunity?

Global Sodium Ion Battery Market Report Segment

By Type

  • Sodium-Sulfur Battery
  • Sodium-Salt Battery
  • Sodium-Oxygen Battery

By End-User

  • Automobile Applications
  • Residential & Commercial Power Backups
  • Others (Grid-Level Applications and Military and Space Application)

Global Sodium-Ion Battery Market Report Segment by Region

North America

  • United States
  • Canada

Europe

  • UK
  • Germany
  • Italy
  • Spain
  • France
  • Rest of Europe 

Asia-Pacific

  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific 

Rest of the World

  • Latin America 
  • Middle East & Africa

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