Sodium-air Battery Market Growth, Size, Trends, Demand, Revenue, Challenges and Future Outlook
Sodium-air Battery Market Size- By Electrolyte, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Oct-2023 | Report ID: CHEM2393 | Pages: 1 - 224 | Formats*: |
| Category : Chemical & Materials | |||
Sodium-air Battery Market Introduction and Overview
According to SPER Market Research, the Global Sodium-air Battery Market is estimated to reach USD XX billion by 2033 with a CAGR of XX%.
The report includes an in-depth analysis of the Global Sodium-air Battery Market, including market size and trends, product mix, Applications, and supplier analysis. As an alternative to lithium-ion batteries, which are currently utilised in many different industries, sodium-air batteries are being studied. The Earth's crust contains large amounts of iron, zinc, aluminium, and other metals. That's why a number of energy storage businesses are concentrating on the research and development of strong metal-air batteries. Compared to lithium-ion batteries, sodium-air batteries have cheaper production costs. An energy density of roughly 1600 Wh.kg−1 is provided by sodium. Lithium-ion batteries have a higher energy cost than sodium-air batteries.
- April 2022: To address the intricate and expanding needs of the EV market, AMTE Power plc collaborated with Eltrium, a producer of energy storage systems, and Sprint Power, an engineering and technology firm, to provide next-generation battery solutions.
- March 2021: The sodium-ion battery technology business Faradion and AMTE Power plc worked together to integrate the latter's intellectual property with AMTE Power's design and production skills.
Market Opportunities and Challenges
Growth in the automotive industry is anticipated to increase the market value of sodium-air batteries. Sodium-air batteries are becoming more and more popular across a number of industries because of their low cost, high energy density, and environmental friendliness. It is projected that market statistics will be supported during the forecast period by an increase in the use of metal-air batteries in renewable energy storage systems. Cathode for sodium-air batteries is made of lightweight porous carbon. It is expected that battery production and design R&D will present industry participants with profitable growth prospects. To gain a larger proportion of the sodium-air battery industry, major players are concentrating on the development of next-generation battery technologies.
Sodium-ion batteries have a lower energy density—that is, they can store less energy per unit weight—than other popular batteries, such as lithium batteries. This is one of its main shortcomings. They are also less effective and long-lasting. Therefore, it is expected that this factor would limit the growth of the sodium-air battery market over the forecast period. Furthermore, the sodium-air battery is still being researched and developed, thus its application is still uncommon. Lead-ion and lithium-ion batteries now play a major role, though they are expected to rise even higher. Furthermore, the ions in a sodium ion battery are heavier and less mobile in liquid electrolytes due to the fact that sodium ions are bigger than lithium ions. Generally, sodium weighs three times as much as lithium. As a result, this factor is expected to impede market expansion.
Market Competitive Landscape
The Global Sodium-air Battery market is fiercely competitive. The major players in the market include: De Nora Tech Inc., Ev Dynamics (Holdings) Limited, Faradion, Fuji Pigment Co., Ltd., Natron Energy, Phinergy, PolyPlus, Xinjiang Joinworld Co., Ltd., Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Electrolyte, By End User |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| Companies Covered | De Nora Tech Inc., Ev Dynamics (Holdings) Limited, Faradion, Fuji Pigment Co., Ltd., Natron Energy, Phinergy, PolyPlus, Xinjiang Joinworld Co., Ltd., Others |
COVID-19 Impact on Global Sodium-air Battery Market
The global sodium-air battery market was impacted by the COVID-19 epidemic in a number of ways. Disruptions in the supply chain hindered the production of battery components, resulting in a decrease in the total supply. Demand declined as a result of the uncertain economy, and money may have been diverted from renewable energy technology. Reductions in funding and laboratory closures hampered research and development. But the epidemic also brought attention to the need for robust energy storage options, which might spark long-term interest in sodium-air batteries. Full effect on market expansion and uptake will rely on sustained funding and assistance in the post-pandemic environment.
Key Target Audience:
- Electric Vehicle Manufacturers
- Electricity Consumers
- Government Agencies and Policymakers
- Industrial and Manufacturing Sectors
- Investors and Venture Capitalists
- Remote and Off-Grid Communities
- Renewable Energy Industry
- Researchers and Academia
- Utilities and Grid Operators
- Others
Our in-depth analysis of the Sodium-air Battery Market includes the following segments:
| By Electrolyte: |
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| By End User: |
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| By Region: |
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Key Topics Covered in the Report:
- Global Sodium-air Battery Market Size (FY’2023-FY’2033)
- Overview of Global Sodium-air Battery Market
- Segmentation of Global Sodium-air Battery Market By Electrolyte (Aqueous, Non-aqueous)
- Segmentation of Global Sodium-air Battery Market By End User (Automotive, Consumer Electronics, Defense, Power, Utility Energy Storage, Others)
- Statistical Snap of Global Sodium-air Battery Market
- Expansion Analysis of Global Sodium-air Battery Market
- Problems and Obstacles in Global Sodium-air Battery Market
- Competitive Landscape in the Global Sodium-air Battery Market
- Impact of COVID-19 and Demonetization on Global Sodium-air Battery Market
- Details on Current Investment in Global Sodium-air Battery Market
- Competitive Analysis of Global Sodium-air Battery Market
- Prominent Players in the Global Sodium-air Battery Market
- SWOT Analysis of Global Sodium-air Battery Market
- Global Sodium-air Battery Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Global Sodium-air Battery Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Sodium-air Battery Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Sodium-air Battery Market
7. Global Sodium-air Battery Market, By Electrolyte (USD Million)
7.1. Global Sodium-air Battery Market Value Share and Forecast, By Electrolyte, 2023-20337.2. Aqueous7.3. Non-aqueous
8. Global Sodium-air Battery Market, By End User (USD Million)
8.1. Global Sodium-air Battery Market Value Share and Forecast, By End User, 2023-20338.2. Automotive8.3. Consumer Electronics8.4. Defense8.5. Power8.6. Utility Energy Storage8.7. Others
9. Global Sodium-air Battery Market Forecast, 2019-2033 (USD Million)
9.1. Global Sodium-air Battery Market Size and Market Share
10. Global Sodium-air Battery Market, By Electrolyte, 2019-2033 (USD Million)
10.1. Global Sodium-air Battery Market Size and Market Share By Electrolyte (2019-2026)10.2. Global Sodium-air Battery Market Size and Market Share By Electrolyte (2027-2033)
11. Global Sodium-air Battery Market, By End User, 2019-2033 (USD Million)
11.1. Global Sodium-air Battery Market Size and Market Share By End User (2019-2026)11.2. Global Sodium-air Battery Market Size and Market Share By End User (2027-2033)
12. Global Sodium-air Battery Market, By Region, 2019-2033 (USD Million)
12.1. Global Sodium-air Battery Market Size and Market Share By Region (2019-2026)12.2. Global Sodium-air Battery Market Size and Market Share By Region (2027-2033)12.3. Asia-Pacific12.3.1. Australia12.3.2. China12.3.3. India12.3.4. Japan12.3.5. South Korea12.3.6. Rest of Asia-Pacific12.4. Europe12.4.1. France12.4.2. Germany12.4.3. Italy12.4.4. Spain12.4.5. United Kingdom12.4.6. Rest of Europe12.5. Middle East and Africa12.5.1. Kingdom of Saudi Arabia12.5.2. United Arab Emirates12.5.3. Rest of Middle East & Africa12.6. North America12.6.1. Canada12.6.2. Mexico12.6.3. United States12.7. Latin America12.7.1. Argentina12.7.2. Brazil12.7.3. Rest of Latin America
13. Company Profile
13.1. De Nora Tech Inc.13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments13.2. Ev Dynamics (Holdings) Limited13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments13.3. Faradion13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments13.4. Fuji Pigment Co., Ltd.13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments13.5. Natron Energy13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments13.6. Ev Dynamics (Holdings) Limited13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments13.7. Natron Energy13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments13.8. Phinergy13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments13.9. PolyPlus13.9.1. Company details13.9.2. Financial outlook13.9.3. Product summary13.9.4. Recent developments13.10. Xinjiang Joinworld Co., Ltd.13.10.1. Company details13.10.2. Financial outlook13.10.3. Product summary13.10.4. Recent developments13.11. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Sodium-air Battery Market is projected to reach USD XX billion by 2033, growing at a CAGR of XX% during the forecast period.
Sodium-air Battery Market grew in market size from 2023. The Market is expected to reach USD XX billion by 2033, at a CAGR of XX% during the forecast period.
Sodium-air Battery Market CAGR of XX% during the forecast period.
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Sodium-air Battery Market size is USD XX billion from 2023 to 2033.
Sodium-air Battery Market Segment is Covered By Electrolyte, By End User
The North America region is anticipated to have the highest market share in Sodium-air Battery Market.
The key players in the market include Companies Covered De Nora Tech Inc., Ev Dynamics (Holdings) Limited, Faradion, Fuji Pigment Co., Ltd., Natron Energy, Phinergy, PolyPlus, Xinjiang Joinworld Co., Ltd., Others
Sodium-air Battery Market, including market size and trends, product mix, Applications, and supplier analysis. As an alternative to lithium-ion batteries, which are currently utilised in many different industries, sodium-air batteries are being studied.
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