New York, NY -- (SBWIRE) -- 07/31/2019 -- It evaluates the data gathered to give an extensive view of the trends and predicts the possible developments in the forecasted duration. For this study, the historical data has been collected from the years 2016 and 2017 while taking 2018 as the base year to estimate the rise of the industry in the years 2019 to 2026.
Request for FREE sample copy of this premium report at: https://www.reportsanddata.com/sample-enquiry-form/1638
The global sodium-ion battery crossed USD 540 million in 2018 and shows no signs of slowing down in the coming years. Sodium-ion batteries (SIB) are rechargeable batteries, which use sodium ions as the charge carriers. Sodium ions are excellent carriers of charge, which make sodium-ion batteries an effective energy storage alternative to lithium-ion batteries. Reversibility, superior electrochemical features, and high specific discharge capacity are some of the vital characteristics of sodium-ion batteries. The main raw materials required for making sodium-ion batteries include barrier materials, electrolyte materials, encapsulating materials & separators, and others. Lithium-ion batteries have long been used as the primary choice for energy storage applications, which has resulted in the growing depletion of Lithium sources.
The depleting Lithium sources, along with the high cost associated with its mining and refining, has made the global market shift its focus towards alternatives such as sodium-ion batteries. Scientists have developed and commercialized sodium-ion batteries at a far lower cost as compared to lithium-ion batteries. Furthermore, sodium-ion materials can be processed using the same equipment as manufacturers did for lithium-ion materials, making the manufacturing transition easier.
The electronics and gadget industry has been growing at a rapid pace, and sodium-ion batteries will soon compete, or even replace, the lithium-ion batteries and prove to be a feasible power backup option. There is a rising need to develop sustainable and stable power supply sources. Sodium salt batteries will see a robust rise to fulfill this need because sodium salt batteries are rechargeable and non-flammable. The end-user applications have been continually growing. The rising demand for mobiles, laptops, cameras, and other electronics have pushed the global sodium-ion industry forward. Sodium-ion batteries are also garnering attention in aerospace and military applications as power backup sources. In the coming years due to the development of smart buildings, major scale development projects such as smart cities & infrastructure and the advancement of electric vehicles will provide new opportunities for the growth of the sodium-ion battery market. North America holds a significant share at the global level, whereas the Asia Pacific will undergo expansion during the forecast period, due to the growing demand for electronics in this region.
Some of the key findings from our sodium-ion battery market forecast report
The document provides an investigation of the sodium-ion battery marketplace to predict its prospects. The past data is considered from the years 2016 and 2017 while taking 2018 as the base year to estimate the trends in the years 2019 to 2026. The industry has been categorized into different segments based on product type as Sodium-Sulfur Batteries, Sodium-Salt Batteries (Zebra Batteries), Sodium-Oxygen (Sodium Air) Batteries) and based on application as Consumer Electronic Devices, Automobile & Transportation, Power Backup, Grid-Level Applications, Industrial, Aerospace & Defense, Marine, and others to assess their size, share, demand, trends, gross profit, total earnings, revenue and speculate further aspects.
This report also evaluates the competition in the business to derive the individual placements of the key players in the global sector. The information provided here outlines those sectors that are expected to undergo substantial developments in the predicted years to aid the readers in deciphering the most profitable ones for their business. By doing so, it also highlights the future sectors that exhibit significant potential for investment.
Make an inquiry before buying this report at: https://www.reportsanddata.com/make-enquiry-form/1638
Global sodium-ion battery market overview
The global sodium-ion battery industry is projected to undergo rise rapidly in the forecasted years, as observed by the outcome of the analysis provided in this study. The report encompasses the different factors that have a substantial impact on revenue of the businesses. This study also profiles the key players that account for a significant share in the global economy of the sodium-ion battery industry. These companies include NGK, Zhejiang Lvming Energy (Durathon), Faradion Limited, Aquion Energy, and HiNa Battery Technology, among others. The key geographical regions mapped here are North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. The competitive data given helps in providing better insights into the individual standing of the companies against the global landscape. The forecast also provides the estimated trends in demand and their impact on the businesses.
Key players in the global Sodium-ion Battery Market:
- NGK
- Zhejiang Lvming Energy (Durathon)
- Faradion Limited
- Aquion Energy
- HiNa Battery Technology
Market segment based on the Product Type:
- Sodium-Sulfur Batteries
- Sodium-Salt Batteries (Zebra Batteries)
- Sodium-Oxygen (Sodium Air) Batteries
Market segment based on Application:
- Consumer Electronic Devices
- Automobile & Transportation
- Power Backup
- Grid-Level Applications
- Industrial
- Aerospace & Defense
- Marine
- Others
Market segment based on the Country/Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Ask for Discount at: https://www.reportsanddata.com/discount-enquiry-form/1638
About Us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.
Contact Us:
John Watson
Head of Business Development
E-mail: sales@reportsanddata.com
Direct Line: +1-212-710-1370
Reports and Data | Web: www.reportsanddata.com
News: www.reportsanddata.com/market-news