The global Sodium Ion Battery Market is expected to reach $1.01 billion in 2021 and is projected to grow at a CAGR of 19% during the forecast period 2021-2027. The growing preference for sodium ion batteries, mainly in the electrical and electronics industry, has played a significant role in the growth of the global sodium ion battery market. The abundance and accessibility of sodium metal in the earth’s crust make sodium-ion batteries an ideal choice over expensive lithium-ion batteries. Due to the high availability of sodium, the cost of the cathode and electrolyte is reduced to about 50% of the total cost of the cell, which significantly lowers the overall battery price.
A full report of Sodium Ion Battery Market available at: https://www.orionmarketreports.com/sodium-ion-battery-market/11388/
Sodium Ion Battery Market – Segmentation
Based on the Product Type:
• Sodium-Sulfur Batteries
• Sodium-Salt Batteries (Zebra Batteries)
• Sodium-Oxygen (Sodium Air) Batteries
Based on Application:
• Consumer Electronic Devices
• Automobile & Transportation
• Power Backup
• Grid-Level Applications
• Industrial
• Aerospace & Defense
• Marine
• Others
Key Players
• NGK
• Zhejiang Lvming Energy (Durathon)
• Faradion Limited
• Aquion Energy
• HiNa Battery Technology
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
