The global sodium-ion battery market is anticipated to grow at a considerable CAGR of 7.9% during the forecast period. The factor that drives the global sodium-ion battery market is the increasing demand for cleaner energy, with rising greenhouse gas emissions around the globe. For instance, in November 2021, The European Space Agency (ESA) and the European Union’s Earth-monitoring program Copernicus are working on a constellation of satellites that will track emissions of man-made greenhouse gases and assist to meet climate goals. The constellation, called European CO2 Monitoring and Verification Support Capacity (CO2MVS) on anthropogenic emissions, is being launched by ESA and the European Organisation for the Exploitation of Meteorological Satellites (EUMETSAT).
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The COVID-19 pandemic had a negative impact on the global sodium-ion battery market as it resulted in the reduction of power demand which directly impacted the energy storage projects across the globe. However, the electric vehicle market showed exponential growth. As per the data of the International Energy Agency (IEA) 2020, electric car sales reached 2,977,058 vehicle units globally which is 40.8% more than the sales of electric cars in 2019.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Sodium Ion Battery Market by Type
- Sodium-Sulphur Battery
- Sodium-Salt Battery
- Sodium-Oxygen Battery
Global Sodium Ion Battery Market by End-User
- Automobile Applications
- Residential and Commercial Power Backups
- Others (Grid-Level Applications and Military and Space Application)
Regional Analysis
- North America
- United States
- Canada
- Rest of North America
- Europe
- United Kingdom
- France
- Germany
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- India
- China
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- AES Energy Storage, LLC
- AGM Batteries Ltd.
- Akzo Nobel N.V.
- Altair Nanotechnologies Inc.
- Ambri Inc.
- American Elements
- Aquion Energy Inc.
- BASF SE
- Broadbit Batteries Oy
- BYD Auto Co. Ltd.
- Ceramatec Inc.
- Faradion Ltd.
- General Electric
- Maxpower Inc.
- Mitsui & Co. Ltd.
- Natron Energy, Inc.
- NEI Corp.
- NGK Insulators Ltd.
- Panasonic Corp.
- Samsung Group
- Siemens AG
- Tesla, Inc.
- Umicore N.V.
- Younicos AG
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global sodium ion battery market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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