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Report Highlights
The global market for sodium-ion batteries (SIB) is estimated to increase from $318.0 million in 2023 to reach $838.5 million by 2029, at a compound annual growth rate (CAGR) of 18.6% from 2024 through 2029.
Report Includes
- 61 data tables and 49 additional tables
- An analysis of the global markets for sodium-ion batteries, including materials and technologies
- Analyses of global market trends, with market revenue data from 2023, estimates for 2024, forecasts for 2025, and projected CAGRs through 2029
- Estimate of the current market size and revenue prospects of the global market, along with a market share analysis by material type, technology, application, end user, and region
- Facts and figures pertaining to the market dynamics, technological advances, regulations, and the influence of macroeconomic factors driving future demand and innovation
- A Porter’s Five Forces analysis, a global supply chain analysis and a SWOT analysis
- Overview of sustainability trends and ESG developments, with emphasis on consumer attitudes, ESG score analysis, and the ESG practices of leading companies
- A look at recent patent grants related to sodium-ion batteries
- Competitive intelligence, including company shares, strategic alliances, M&A activity and venture fundings outlook
- Company profiles of major players within the industry, including Contemporary Amperex Technology Co. Ltd. (CATL), HiNa Battery Technology Co. Ltd., Faradion, Tiamat, and Natron Energy Inc.
Report Scope
The report analyzes the product types of sodium-ion batteries (SIBs), including sodium-sulfur batteries, sodium-salt batteries (zebra batteries), and sodium-oxygen (sodium-air) batteries. Components used in the manufacture of sodium-ion batteries include electrodes, electrolyte materials, encapsulation materials, packaging, separators, and other materials, such as binders, end plates and terminal assemblies. The electrodes include anodes and cathodes. Anodes may consist of hard carbon and metal/alloy-based materials or other materials, such as ceramic and Prussian blue analogs. Cathodes include inorganic compounds, metal-organic compounds, and organic compounds. This study also covers end-uses for the global SIB market, including grid-level/battery storage, electric vehicles (EVs), commercial power backup, industrial power backup, and others, such as residential power backup, military and space, and portable devices.
The report also analyzes market dynamics, emerging technologies and developments, upcoming trends and the competitive landscape, and look at patents related to SIBs. It also includes a chapter of environmental, social and governance (ESG) initiatives and concludes by providing company profiles of the market leaders. The report also includes a regional analysis of North America, Europe, the Asia-Pacific, and the rest of the world (RoW) region, which in this report consists of South America, the Middle East and Africa.
In this report, 2023 is considered as the base year, estimates are provided for 2024, and market values are forecast for five years until 2029. All market values are expressed in $ millions.
Report Synopsis
| Report Metrics | Details | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2023 | ||||||||||||||||
| Forecast period considered | 2024-2029 | ||||||||||||||||
| Base year market size | $318.0 million | ||||||||||||||||
| Market size forecast | $838.5 million | ||||||||||||||||
| Growth rate | CAGR of 18.6% for the forecast period of 2024-2029 | ||||||||||||||||
| Units considered | $ Millions | ||||||||||||||||
| Segments covered | Product, Component, End-Use | ||||||||||||||||
| Regions covered | North America, Europe, Asia-Pacific, Rest of the World | ||||||||||||||||
| Countries covered | U.S., Canada, Mexico, U.K., Germany, Italy, France, Norway, Spain, Poland, Japan, China, India, South Korea, Australia, Thailand, Indonesia, Saudi Arabia, UAE, Egypt, Brazil, Argentina, South Africa, Algeria, Nigeria | ||||||||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
- Need for an alternative to libs that is more cost-effective
- SIBs are safer than LIBs
- Grid-level usage of SIBs for renewable sources of energy
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
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Report Highlights
The global market for sodium-ion batteries will grow from $420 million in 2017 to $1.2 billion by 2022 with a compound annual growth rate (CAGR) of 23.9% for the period of 2017-2022.
Report Includes
- 48 data tables and 69 additional table
- An overview of the global market for sodium ion batteries, materials, and technologies
- Analyses of global market trends, with data from 2016, estimates for 2017, and projections of compound annual growth rates (CAGRs) through 2022
- Analyses of the market by application, technology, and region
- Insight into market trends and information about emerging electrochemical energy storage technologies
- A look at drivers and limiters of the sodium-based batteries market
- Discussion of the current state of the art of sodium-based batteries and the technological hurdles in overtaking lithium-based batteries
- In-depth patent analysis for sodium-based batteries
- Profiles of major players in the industry
- Company profiles of major players in the industry, including: Automotive Energy Supply Corp., Asahi Kasei Chemicals Corp., BYD Auto Co. Ltd., Maxpower Inc., Natron Energy, Nippon Shokubai Co. Ltd, Showa Denko K.K. (SDK)
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