Home > Energy & Power > Battery Technology > Sodium Ion Battery > Sodium Ion Battery Market

Sodium Ion Battery Market Share

Report ID: GMI11710
Published Date: Oct 2024
Report Format: PDF

Download Free Sample

Sodium Ion Battery Market Share

Sodium Ion Battery Company Market Share, 2023

Eminent players are focusing on improving the performance of sodium-ion batteries by developing advanced anode and cathode materials, such as layered oxides and hard carbon. These innovations aim to enhance energy density, cycle life, and charging speed, making sodium-ion batteries more competitive with alternatives. Companies are forming partnerships to accelerate technology development and commercialization. Additionally, many companies are working closely with universities and research institutes to pioneer new technologies and integrate cutting-edge research into their product development pipeline.

Sodium Ion Battery Market Companies

Eminent players operating in the sodium ion battery industry are:

Altris
Broadbit Batteries
CATL
China BAK Battery
Farasis Energy
Faradion Limited
HiNa Battery Technology
Li-FUN Technology
Natron Energy
SVOLT
Tiamat

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market size of sodium ion battery was surpassed USD 215.5 million in 2023 and is projected to grow at a CAGR of over 26.9% from 2024 to 2032, propelled by the increasing demand for cost-effective and sustainable solutions that mitigate supply chain risks.

The energy storage segment is expected to exceed USD 1.56 billion by 2032. This surge is attributed to the cost-effectiveness of sodium ion batteries, especially for utilities and renewable energy projects aiming to maximize their investments.

The aqueous technology segment is poised to expand at a CAGR of over 28% through 2032. This growth is due to their superior safety features, significantly lowering the risks of fire or explosion, even in extreme scenarios like overcharging, short circuits, or physical damage.

The Asia Pacific sodium-ion battery market is expected to reach USD 998 million by 2032, driven by the region's ample sodium resources, reducing reliance on imported lithium and cobalt.

Key players in the sodium ion battery market include Altris, Broadbit Batteries, CATL, China BAK Battery, Farasis Energy, Faradion Limited, HiNa Battery Technology, Li-FUN Technology, Natron Energy, SVOLT, and Tiamat.