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
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| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
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| 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:
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By Electrolyte:
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Aqueous
Non-aqueous
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By End User:
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Automotive
Defense
Power
Utility Energy Storage
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By Region:
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Asia-Pacific
Europe
Middle East & Africa
North America
Latin America
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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 report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Sodium-air Battery Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Sodium-air Battery Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. 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, 2023-2033
7.2. Aqueous
7.3. 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, 2023-2033
8.2. Automotive
8.3. Consumer Electronics
8.4. Defense
8.5. Power
8.6. Utility Energy Storage
8.7. 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-Pacific
12.3.1. Australia
12.3.2. China
12.3.3. India
12.3.4. Japan
12.3.5. South Korea
12.3.6. Rest of Asia-Pacific
12.4. Europe
12.4.1. France
12.4.2. Germany
12.4.3. Italy
12.4.4. Spain
12.4.5. United Kingdom
12.4.6. Rest of Europe
12.5. Middle East and Africa
12.5.1. Kingdom of Saudi Arabia
12.5.2. United Arab Emirates
12.5.3. Rest of Middle East & Africa
12.6. North America
12.6.1. Canada
12.6.2. Mexico
12.6.3. United States
12.7. Latin America
12.7.1. Argentina
12.7.2. Brazil
12.7.3. Rest of Latin America
13. Company Profile
13.1. De Nora Tech Inc.
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. Ev Dynamics (Holdings) Limited
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. Faradion
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. Fuji Pigment Co., Ltd.
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. Natron Energy
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. Ev Dynamics (Holdings) Limited
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. Natron Energy
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. Phinergy
13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments
13.9. PolyPlus
13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments
13.10. Xinjiang Joinworld Co., Ltd.
13.10.1. Company details
13.10.2. Financial outlook
13.10.3. Product summary
13.10.4. Recent developments
13.11. 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.
