Global Sodium-ion Battery Market and Future Outlook to 2027- Demand and Opportunity Assessment is a comprehensive report that studies Sodium-ion battery market performance in the present and expected demand outlook by studying the market by technology and in detail Lithium-ion battery demand by industries. Also, the report studies overall battery requirement and need for Stationary Energy Storage in the near future owing to the clean energy mission and shortage of electricity in major economies worldwide. The report helps to assess future opportunities for Sodium-ion batteries.

Battery consumption climbed by 30% annually between 2010 and 2018, reaching 180 GWh in 2018. In the most optimistic scenario, the market will grow at a 25% annual rate until it reaches 2,600 GWh in 2030. The key drivers of demand growth are the electrification of transportation and the installation of batteries in electricity grids. According to the World Economic Forum, passenger automobiles will account for 60% of global battery demand by 2030, with commercial vehicles accounting for the remaining 23%.

Global Sodium-ion battery market revenues are expected to grow at double digit CAGR of 17.09% during 2022-2027 to reach the USD 2.5 billion mark by 2027. Limited Li-ion reserves are a major constraint to meet the set target of adopting 100% EV in the coming years; therefore, if manufacturers find Sodium-ion batteries suitable for EV and electronics and offer equal competitiveness (which is a question for now), the adoption rate is going to boost in future.

Further Key Findings:
a) Impact of Covid 19: As a result of the lockdowns, every production site experienced a lack of both raw materials and employees, and battery manufacturers around the world were no exception. Because supply lines were interrupted, it was impossible to get sufficient raw materials, which had a negative impact on the market.

b) Rising FDI: As demand for electronic devices and electric vehicles grows, the limitations of current battery technology pose a barrier to industry expansion.

c) Investment in R&D: As people become increasingly reliant on electronic devices, it is critical that batteries become more efficient and long-lasting. This technological barrier can be overcome by investing much in research and development to improve battery technology.

d) Rising demand for Electric Vehicles: The automotive industry is undergoing a paradigm shift as a result of rising oil prices and the negative repercussions of global warming. Electricity is becoming a cleaner source of energy around the planet. This tendency has been particularly noticeable in the electric vehicle market, where, despite the global epidemic, EV sales have shown exponential growth in market share. The global market share of electric vehicles increased from 2.5% in 2019 to 4.1% in 2020, and then increased to 9% in 2021. The market shares nearly tripled in two years, and may be considered as an illustration of the future of the batteries business.

e) Rising Global Warming: Major economies have changed how they produce energy as a result of global turmoil, and the transportation sector has seen ground-breaking developments. People are taking advantage of cleaner and cheaper modes of transportation, while virtual work from home has experienced a spike during the COVID-19 epidemic, increasing reliance on technology. Batteries will play an increasingly important part in the transition away from fossil fuel dependence in the coming decade.

f) Increasing Government Initiative: The expansion of the electric vehicle sector is a priority for all major economies. Numerous financial incentives, such as purchase subsidies, tax credits, or tax exemptions, have been granted by various countries. For example, Norway has offered EV purchase incentives of roughly USD 8,800 per vehicle, the US has offered around USD 6,000 per vehicle, and China has offered around USD 3,000 per vehicle.

Full Report: https://www.makreo.com/report/global-sodium-ion-battery-market-and-future-outlook-to-2027-demand-and-opportunity-assessment

Key Areas Covered in the Report:

a) Import/Export Assessment - Electric battery Imports and Exports, Lithium-ion battery trade in Mexico and China and imports of Lithium-ion in India.

b) Market Assessment: The report examines the Sodium-ion battery market in terms of various parameters such as the increasing demand for EV and availability of raw material across the world will increase demand for Sodium ion batteries. We have covered market revenue and forecast with detailed assessments of market segments such as market by application (Transportation and Energy storage platform), by end user, by product type and by geography.

c) Segmentation by Application: Transportation, Stationary Energy Storage

d) Segmentation by Product: Sodium-Salt Batteries (Zebra Batteries), Sodium-Sulfur Batteries

e) Company's Mentioned: Faradion, Natron Energy, AMTE Power Plc , Altris AB, Aquion Energy, HiNa Battery Technology Co., NEI Corporation, Others

Key Questions Answered:
1. What is the present state of the global economy and the expected future after the COVID-19 outburst?
2. What is the present state of battery trade among key trade partners (Countries)?
3. What is the role of Li-ion batteries in the global Electric and Electronics industry and also their
contribution to the automotive industry?
4. To what extent Sodium-ion batteries can replace Li-ion battery demand in future?
5. What is the present state of performance and demand for Sodium-ion batteries worldwide?
6. What is the expected future demand for Sodium-ion batteries?
7. What potential do Sodium-ion batteries offer in the near future?
8. Who are the leading players in the Sodium-ion battery market and what are the key deals happened in
the recent past?
9. What is the present state of availability of electricity and how Sodium-ion can be used in grid storage
applications?
10. How future of Sodium-ion is shaping up with limited reserves of Li-ion worldwide?
11. Which is a dominant battery type (Sodium-Sulfur Batteries vs. Sodium-Salt Batteries)?

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