Sodium ion battery is a rechargeable battery using sodium ions as charge carriers. It is used to power various applications such as electric vehicles, toys, drones, and many more. The main element used in these batteries is sodium which is a naturally abundant element and is much cheaper. In sodium ion batteries, ions are traveled between electrodes through the electrolyte. The market is expected to show significant growth due to increasing demand for consumer electronics such as cameras, laptop, game player, toys, and others; and due to the high penetration of smart devices. In addition, increasing market of the electric vehicle further augments the growth of the market. Another major factor driving the growth of the market include low cost of sodium ion batteries as compared to other batteries such as lithium-ion batteries and nickel-cadmium batteries. However, the presence of alternatives in the market hinders the growth of the market.
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The global sodium ion battery market is analyzed on the basis of the geographical regions include North America, Europe, Asia-Pacific, and Rest of the world. North America is further sub-segmented into the US and Canada, Europe in the UK, France, Germany, Italy, Spain, and the rest of Europe. While Asia-Pacific is further analyzed on the basis India, China, and Japan. Asia-Pacific is estimated to be dominating market owing to the cost efficiency of the batteries.
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Market Segmentation
Global Sodium Ion Battery Market by Type
- Sodium-Sulphur Battery
- Sodium-Salt Battery
- Sodium-Oxygen Battery
Global Sodium Ion Battery Market by End-User
- Automobile Applications
- Residential and Commercial Power Backups
- Others (Grid-Level Applications and Military and Space Application)
Competitive Landscape
- Key Company Analysis
- Key Strategy Analysis
Regional Analysis
North America
- United States
- Canada
- Rest of North America
Europe
- United Kingdom
- France
- Germany
- Italy
- Spain
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- Rest of Asia-Pacific
Rest of the World
Company Profiles
- AES Energy Storage, LLC
- AGM Batteries Ltd.
- Akzo Nobel N.V.
- Altair Nanotechnologies Inc.
- Ambri Inc.
- American Elements
- Aquion Energy Inc.
- BASF SE
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