Market Insights

According to Future Market Consulting analysis, Sodium-Ion Battery Market size was valued at USD 1.096 Billion in 2021 and is projected to reach USD 3.235 Billion by 2030, growing at a CAGR of 11.14 % from 2022 to 2030.

Sodium battery technologies are gaining popularity in the market to compete with lithium-ion cells. Furthermore, majority regions are still at the initial stages of sodium-ion battery development and supply chain expansion. As the most of sodium-ion cells are prototypes or in development stage, the present market is ruled by the other battery packs like lead-acid and lithium-ion. As more companies enter the ecosystem, the sodium-ion batteries market is anticipated to grow at a fast pace over the coming years. In response to rising public concern and regulatory constraints associated with a rise in lithium-ion price and emissions, significant development and research initiatives are being undertaken to enhance the power output of sodium-ion batteries and create alternative electrolyte technologies.

As global warming continues to damage our planet's bio-resources, governments are responding by reducing fossil fuel dependence through initiatives such as encouraging the purchase of electric vehicles or enacting stricter environmental regulations governing alternative energy sources. The increasing focus on renewable energy technologies will certainly lead to an expansion in the use of sodium-ion batteries, a concept with the potential to provide substantially bigger capacities than standard lithium batteries while being more environmentally friendly.

Key Players in Sodium-Ion Battery Market

• Faradion
• Natron
• CATL
• HiNa Battery Technology Company
• RONBAY Technology
• ZOOLNASH
• Kishida Chemical
• Panasonic
• Mitsubishi Chemical
• Altris AB
• Aquion Energy

Segmentation

By Electrolytes

• Aqueous
• Non-aqueous
• Hybrid

By Voltage

• 7 to 12 V
• 12 to 36 V
• 36 to 48 V
• 48 to 60 V
• 60 to 72 V

By Application

• Consumer Electronic Devices
• Automotive & Transportation
• Power Backup
• Grid-Level Applications
• Industrial
• Aerospace & Defense
• Other Applications

By Region

North America

• S.
• Canada
• Mexico

Europe

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

Asia Pacific

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

Middle East & Africa

• GCC
• South Africa
• Rest of the Middle East & Africa

South America

• Brazil
• Argentina
• Rest of South America