As per the recently published report by Market sand Markets™, The “Sodium-Ion Battery Market by Battery Type (Sodium-Sulfur, and Sodium-Salt), Technology Type (Aqueous and Non-Aqueous), End-Use (Energy Storage, Automotive, and Industrial), and Region (Asia Pacific, Europe, and North America) – Global Forecast to 2028″, is projected to grow from USD 0.5 billion in 2023 to USD 1.2 billion by 2028, at a CAGR of 21.5% during the forecast period.
The sodium-ion battery market is experiencing significant growth driven by the rising demand for energy storage solutions, particularly in renewable energy systems and electric vehicles, where sodium-ion batteries offer a viable alternative. Cost-effectiveness is another crucial factor, as these batteries are considered more economical than lithium-ion counterparts. Moreover, sodium-ion batteries are gaining traction due to their environmentally friendly nature, using materials that are more abundant and less harmful than those in lithium-ion batteries such factors further fulfil the growth of sodium-ion battery market.
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- 100 Market data Tables
- 41 Figures
- 143 Pages and in-depth TOC on “Sodium-Ion Battery Market – Global Forecast to 2028”
This report also provides a comprehensive analysis of the companies listed below:
Some of the leading players in the sodium-ion battery market include Faradion (UK), Contemporary Amperex Technology Co., Ltd. (China), Tiamet Energy (France), HiNa Battery Technology Co., Ltd. (China) and Jiangsu Zoolnasm Energy Technology Co Ltd (China) fall under the winners’ category. These are leading players in the sodium-ion battery market globally. These players have adopted the strategies of partnerships, acquisitions, expansions, and investments to increase their market shares.