Global Sodium Ion Battery Market to Reach US$ 577.41 Million by 2027, Propelled by the Increasing Demand for Cleaner Energy

September 07, 2022

The latest report by IMARC, titled “Sodium Ion Battery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, finds that the global sodium ion battery market size reached US$ 253.44 Million by 2021. Sodium ion battery refers to rechargeable batteries that require sodium ion movement between electrodes during the charging and discharging of battery. The cathode for these batteries is manufactured from sodium and the sodium metal in these batteries displays a large ionic radius compared to lithium metal in the lithium-ion batteries, offering lesser changes in the materials during electrochemical cycling and providing them more stability. It stores energy by fusing electrical and chemical energy into one another. It also offers numerous advantages, including improved safety, better environmental credentials, and enhanced raw material costs. In recent years, sodium ion batteries have gained traction due to their extensive usage in the defense, transportation, aerospace, marine, and energy industries.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of the associated industries. These observations will be integrated into the report.

Global Sodium- Ion Battery Market Trends:

One of the primary factors driving the market is the escalating demand for cleaner energy across the globe, on account of the rising greenhouse gas emissions. Additionally, sodium-ion batteries are used to store electricity, which is produced through wind and solar energy, thus creating a positive market outlook. In line with this, the rising adoption of this product as the perfect alternative energy storage system is positively influencing the market growth. Furthermore, the increasing demand for electric vehicles (EVs) owing to zero tailpipe emissions of air pollutants, is catalyzing market growth. Other than this, sodium-ion batteries are extensively preferred by telecom companies and data centers to serve as energy-efficient alternatives. Along with this, governments of various nations are promoting the manufacturing of renewable energy to offer reliable fuel diversification and power supplies, thus improving energy security, lowering the risk of fuel spills, and minimizing the need for imported fuels. Moreover, extensive investments by key market players in research and development (R&D) activities to launch improved stationary energy storage is driving the market growth. Looking forward, IMARC Group expects the market value to reach US$ 577.41 Million by 2027, expanding at a CAGR of 13.50% during the forecast period (2022-2027).

Market Summary:

  • Based on the type, the market has been divided into sodium-sulphur, sodium-salt, and sodium-air battery.
  • On the basis of the application, the market has been bifurcated into stationary energy storage and transportation.
  • Region-wise, the market has been classified into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
  • The competitive landscape of the market has also been analyzed, with some of the key players being Altris AB, AMTE Power plc, Aquion Energy, Faradion Limited, HiNa Battery Technology Co. Ltd., Natron Energy Inc., NEI Corporation, NGK Insulators Ltd., and Tiamat Energy.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us
USA: +1-631-791-1145
Follow us on twitter : @imarcglobal

Global Sodium Ion Battery Market to Reach US$ 577.41 Million by 2027, Propelled by the Increasing Demand for Cleaner Energy
Select Licence Type

Benefits of Customization

Personalize This Research

Triangulate with your Data

Get Data as per your Format and Definition

Gain a Deeper Dive into a Specific Application, Geography, Customer or Competitor

Any level of Personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-713-2163


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Bayer AH

It was indeed a great experience to work with IMARC on the assignment on Aqua market. The team had done a fantastic job in terms of what was expected, what was assured and what was the result… the report gave us many insights and market know how which allowed us to work on our strength and define exact strategies…

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More