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Sodium Sulfur Battery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global sodium sulfur battery market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 15% during the forecast period (2021-2026). A sodium sulfur (NaS) battery comprises a beta-alumina ceramic electrolyte, liquid electrode, and a container to transform the electric energy into chemical. It has three major subsystems, including interconnected cells, an enclosure to maintain the operating temperature, and a thermal management system for initial heating and removing waste heat. As they provide large capacity, high energy density, and long life, the demand for NaS batteries is increasing over lithium-ion batteries as they can deliver high power over shorter periods. The rising demand can also be accredited to the wide range of power storage capabilities, which can connect multiple devices to increase power capacity.

The increasing demand for energy storage worldwide represents one of the primary factors stimulating the market growth. NaS batteries act as a cost-effective solution for storing large amounts of electricity for hours. As they support the integration of fluctuating renewable energy sources, such as wind and solar, into the grid, they are finding extensive application in the industrial sector for stabilizing electricity and emergency power supply. Moreover, due to the rising environmental concerns, NaS batteries are widely being used for reducing costs and the ecological load of grid-scale stationary energy storage. Apart from this, numerous companies from different industry verticals are entering into joint development agreements (JDA) to develop innovative products, which is anticipated to fuel the market growth. For instance, BASF New Business GmbH, a German-based chemical company, formed a sales partnership with the Japanese ceramics manufacturer NGK Insulators, Ltd. The two companies aim to introduce the next generation of NaS batteries using BASF’s extensive chemistry expertise and NGK’s competence in battery design and manufacturing. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global sodium sulfur battery market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, product and application.

Breakup by Product:

  • Private Portable
  • Industrial
     

Breakup by Application:

  • Ancillary Services
  • Load Leveling
  • Renewable Energy Stabilization
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being BASF SE, EaglePicher Technologies, FIAMM Energy Technology S.p.A. (SHOWA DENKO K.K.), GE Energy Storage, Kemet Corporation (Yageo Corporation), NGK Insulators Ltd., POSCO, Sieyuan Electric Co. Ltd. and Tokyo Electric Power Company Holdings Inc.

1    Preface
2    Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Sodium Sulfur Battery Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Product
    6.1    Private Portable
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Industrial
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Application
    7.1    Ancillary Services
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Load Leveling
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Renewable Energy Stabilization
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Others
        7.4.1 Market Trends
        7.4.2 Market Forecast
8    Market Breakup by Region
    8.1    North America
        8.1.1 United States
           8.1.1.1 Market Trends
           8.1.1.2 Market Forecast
        8.1.2 Canada
           8.1.2.1 Market Trends
           8.1.2.2 Market Forecast
    8.2    Asia-Pacific
        8.2.1 China
           8.2.1.1 Market Trends
           8.2.1.2 Market Forecast
        8.2.2 Japan
           8.2.2.1 Market Trends
           8.2.2.2 Market Forecast
        8.2.3 India
           8.2.3.1 Market Trends
           8.2.3.2 Market Forecast
        8.2.4 South Korea
           8.2.4.1 Market Trends
           8.2.4.2 Market Forecast
        8.2.5 Australia
           8.2.5.1 Market Trends
           8.2.5.2 Market Forecast
        8.2.6 Indonesia
           8.2.6.1 Market Trends
           8.2.6.2 Market Forecast
        8.2.7 Others
           8.2.7.1 Market Trends
           8.2.7.2 Market Forecast
    8.3    Europe
        8.3.1 Germany
           8.3.1.1 Market Trends
           8.3.1.2 Market Forecast
        8.3.2 France
           8.3.2.1 Market Trends
           8.3.2.2 Market Forecast
        8.3.3 United Kingdom
           8.3.3.1 Market Trends
           8.3.3.2 Market Forecast
        8.3.4 Italy
           8.3.4.1 Market Trends
           8.3.4.2 Market Forecast
        8.3.5 Spain
           8.3.5.1 Market Trends
           8.3.5.2 Market Forecast
        8.3.6 Russia
           8.3.6.1 Market Trends
           8.3.6.2 Market Forecast
        8.3.7 Others
           8.3.7.1 Market Trends
           8.3.7.2 Market Forecast
    8.4    Latin America
        8.4.1 Brazil
           8.4.1.1 Market Trends
           8.4.1.2 Market Forecast
        8.4.2 Mexico
           8.4.2.1 Market Trends
           8.4.2.2 Market Forecast
        8.4.3 Others
           8.4.3.1 Market Trends
           8.4.3.2 Market Forecast
    8.5    Middle East and Africa
        8.5.1 Market Trends
        8.5.2 Market Breakup by Country
        8.5.3 Market Forecast
9    SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10    Value Chain Analysis
11    Porters Five Forces Analysis
    11.1    Overview
    11.2    Bargaining Power of Buyers
    11.3    Bargaining Power of Suppliers
    11.4    Degree of Competition
    11.5    Threat of New Entrants
    11.6    Threat of Substitutes
12    Price Analysis
13    Competitive Landscape
    13.1    Market Structure
    13.2    Key Players
    13.3    Profiles of Key Players
        13.3.1    BASF SE
           13.3.1.1 Company Overview
           13.3.1.2 Product Portfolio
           13.3.1.3 Financials
           13.3.1.4 SWOT Analysis
        13.3.2    EaglePicher Technologies
           13.3.2.1 Company Overview
           13.3.2.2 Product Portfolio
        13.3.3    FIAMM Energy Technology S.p.A. (SHOWA DENKO K.K.)
           13.3.3.1 Company Overview
           13.3.3.2 Product Portfolio
        13.3.4    GE Energy Storage
           13.3.4.1 Company Overview
           13.3.4.2 Product Portfolio
           13.3.4.3 Financials
           13.3.4.4 SWOT Analysis
        13.3.5    Kemet Corporation (Yageo Corporation)
           13.3.5.1 Company Overview
           13.3.5.2 Product Portfolio
        13.3.6    NGK Insulators Ltd.
           13.3.6.1 Company Overview
           13.3.6.2 Product Portfolio
           13.3.6.3 Financials
           13.3.6.4 SWOT Analysis
        13.3.7    POSCO
           13.3.7.1 Company Overview
           13.3.7.2 Product Portfolio
           13.3.7.3 Financials
           13.3.7.4 SWOT Analysis
        13.3.8    Sieyuan Electric Co. Ltd.
           13.3.8.1 Company Overview
           13.3.8.2 Product Portfolio
           13.3.8.3 Financials
        13.3.9    Tokyo Electric Power Company Holdings Inc.
           13.3.9.1 Company Overview
           13.3.9.2 Product Portfolio
           13.3.9.3 Financials

List of Figures

Figure 1: Global: Sodium Sulfur Battery Market: Major Drivers and Challenges
Figure 2: Global: Sodium Sulfur Battery Market: Sales Value (in Million US$), 2015-2020
Figure 3: Global: Sodium Sulfur Battery Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 4: Global: Sodium Sulfur Battery Market: Breakup by Product (in %), 2020
Figure 5: Global: Sodium Sulfur Battery Market: Breakup by Application (in %), 2020
Figure 6: Global: Sodium Sulfur Battery Market: Breakup by Region (in %), 2020
Figure 7: Global: Sodium Sulfur Battery (Private Portable) Market: Sales Value (in Million US$), 2015 & 2020
Figure 8: Global: Sodium Sulfur Battery (Private Portable) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 9: Global: Sodium Sulfur Battery (Industrial) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: Global: Sodium Sulfur Battery (Industrial) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: Global: Sodium Sulfur Battery (Ancillary Services) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Global: Sodium Sulfur Battery (Ancillary Services) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Global: Sodium Sulfur Battery (Load Leveling) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Sodium Sulfur Battery (Load Leveling) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Sodium Sulfur Battery (Renewable Energy Stabilization) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Sodium Sulfur Battery (Renewable Energy Stabilization) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Sodium Sulfur Battery (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Global: Sodium Sulfur Battery (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: North America: Sodium Sulfur Battery Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: North America: Sodium Sulfur Battery Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: United States: Sodium Sulfur Battery Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: United States: Sodium Sulfur Battery Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Canada: Sodium Sulfur Battery Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Canada: Sodium Sulfur Battery Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Asia-Pacific: Sodium Sulfur Battery Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Asia-Pacific: Sodium Sulfur Battery Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: China: Sodium Sulfur Battery Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: China: Sodium Sulfur Battery Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: Japan: Sodium Sulfur Battery Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: Japan: Sodium Sulfur Battery Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: India: Sodium Sulfur Battery Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: India: Sodium Sulfur Battery Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: South Korea: Sodium Sulfur Battery Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: South Korea: Sodium Sulfur Battery Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: Australia: Sodium Sulfur Battery Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: Australia: Sodium Sulfur Battery Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Indonesia: Sodium Sulfur Battery Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: Indonesia: Sodium Sulfur Battery Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: Others: Sodium Sulfur Battery Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: Others: Sodium Sulfur Battery Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: Europe: Sodium Sulfur Battery Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: Europe: Sodium Sulfur Battery Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: Germany: Sodium Sulfur Battery Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: Germany: Sodium Sulfur Battery Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: France: Sodium Sulfur Battery Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: France: Sodium Sulfur Battery Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: United Kingdom: Sodium Sulfur Battery Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: United Kingdom: Sodium Sulfur Battery Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: Italy: Sodium Sulfur Battery Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: Italy: Sodium Sulfur Battery Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: Spain: Sodium Sulfur Battery Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: Spain: Sodium Sulfur Battery Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: Russia: Sodium Sulfur Battery Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: Russia: Sodium Sulfur Battery Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: Others: Sodium Sulfur Battery Market: Sales Value (in Million US$), 2015 & 2020
Figure 56: Others: Sodium Sulfur Battery Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 57: Latin America: Sodium Sulfur Battery Market: Sales Value (in Million US$), 2015 & 2020
Figure 58: Latin America: Sodium Sulfur Battery Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 59: Brazil: Sodium Sulfur Battery Market: Sales Value (in Million US$), 2015 & 2020
Figure 60: Brazil: Sodium Sulfur Battery Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: Mexico: Sodium Sulfur Battery Market: Sales Value (in Million US$), 2015 & 2020
Figure 62: Mexico: Sodium Sulfur Battery Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: Others: Sodium Sulfur Battery Market: Sales Value (in Million US$), 2015 & 2020
Figure 64: Others: Sodium Sulfur Battery Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 65: Middle East and Africa: Sodium Sulfur Battery Market: Sales Value (in Million US$), 2015 & 2020
Figure 66: Middle East and Africa: Sodium Sulfur Battery Market: Breakup by Country (in %), 2020
Figure 67: Middle East and Africa: Sodium Sulfur Battery Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: Global: Sodium Sulfur Battery Industry: SWOT Analysis
Figure 69: Global: Sodium Sulfur Battery Industry: Value Chain Analysis
Figure 70: Global: Sodium Sulfur Battery Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Sodium Sulfur Battery Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Sodium Sulfur Battery Market Forecast: Breakup by Product (in Million US$), 2021-2026
Table 3: Global: Sodium Sulfur Battery Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 4: Global: Sodium Sulfur Battery Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 5: Global: Sodium Sulfur Battery Market: Competitive Structure
Table 6: Global: Sodium Sulfur Battery Market: Key Players

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Key Question Answered in this Report

According to the estimates by IMARC Group, the global sodium sulphur battery market is expected to witness a CAGR of 15% during 2021-2026.

Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the nations resulting in temporary closure of numerous end-use industries for sodium sulphur battery.

Numerous companies from different industry verticals are entering into joint development agreements (JDA) to develop innovative products, thereby representing one of the key trends in the global sodium sulphur battery market.

The growing adoption of NaS batteries in the industrial sector to stabilize electricity and emergency power supplyrepresentsone of the key drivers for the global sodium sulphur battery market.

On the basis of the product, the market has been bifurcated into private portable and industrial. Currently, industrial holds the majority of the total market share.

On the basis of the application, the market has been divided into ancillary services, load leveling, renewable energy stabilization, and others. Among these, renewable energy stabilization represents the largest segment.

Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Asia Pacific dominates the global market.

The key companies in the global sodium sulphur battery market are BASF SE, EaglePicher Technologies, FIAMM Energy Technology S.p.A. (SHOWA DENKO K.K.), GE Energy Storage, Kemet Corporation (Yageo Corporation), NGK Insulators Ltd., POSCO, Sieyuan Electric Co. Ltd. and Tokyo Electric Power Company Holdings Inc.

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