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This report studies the Sodium-Sulfur Battery (NaS) market, A sodium–sulfur battery is a type of molten-salt battery constructed from liquid sodium (Na) and sulfur (S).This type of battery has a high energy density, high efficiency of charge/discharge (89–92%) and long cycle life, and is fabricated from inexpensive materials. However, because of the operating temperatures of 300 to 350 °C and the highly corrosive nature of the sodium polysulfides, such cells are primarily suitable for large-scale non-mobile applications such as grid energy storage.
Market Analysis and Insights: Global Sodium-Sulfur Battery Market
Due to the COVID-19 pandemic, the global Sodium-Sulfur Battery market size is estimated to be worth US$ 368.6 million in 2022 and is forecast to a readjusted size of US$ 1020.7 million by 2028 with a CAGR of 18.5% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Private Portable Sodium Sulfur Battery accounting for % of the Sodium-Sulfur Battery global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Power Industry segment is altered to an % CAGR throughout this forecast period.
NGK, Sesse-Power, Wuhuhaili and Qintang New Energy are the main producers of sodium-sulfur batteries, NGK accounts for about 40 % of the market.
Japan is the largest production regions of Sodium-Sulfur Battery, with a production value market share nearly 80%. The second place is China with the market share about 10%.
Global Sodium-Sulfur Battery Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Sodium-Sulfur Battery Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Private Portable Sodium Sulfur Battery
Industrial Sodium and Sulfur Battery
Segment by Application
Power Industry
Renewable Energy Industry
Other
By Company
NGK
Sesse-power
Wuhuhaili
Qintang New Energy
Production by Region
North America
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Market Analysis and Insights: Global Sodium-Sulfur Battery Market
Due to the COVID-19 pandemic, the global Sodium-Sulfur Battery market size is estimated to be worth US$ 368.6 million in 2022 and is forecast to a readjusted size of US$ 1020.7 million by 2028 with a CAGR of 18.5% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Private Portable Sodium Sulfur Battery accounting for % of the Sodium-Sulfur Battery global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Power Industry segment is altered to an % CAGR throughout this forecast period.
NGK, Sesse-Power, Wuhuhaili and Qintang New Energy are the main producers of sodium-sulfur batteries, NGK accounts for about 40 % of the market.
Japan is the largest production regions of Sodium-Sulfur Battery, with a production value market share nearly 80%. The second place is China with the market share about 10%.
Global Sodium-Sulfur Battery Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Sodium-Sulfur Battery Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Private Portable Sodium Sulfur Battery
Industrial Sodium and Sulfur Battery
Segment by Application
Power Industry
Renewable Energy Industry
Other
By Company
NGK
Sesse-power
Wuhuhaili
Qintang New Energy
Production by Region
North America
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
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