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Sodium Salt Battery-Global Market Insights and Sales Trends 2024

Sodium Salt Battery-Global Market Insights and Sales Trends 2024

Publishing Date : Dec, 2023

License Type :
 

Report Code : 1876893

No of Pages : 71

Synopsis
The global Sodium Salt Battery market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Sodium Salt Battery in various end use industries. The expanding demands from the Energy Storage System, Transportation and Others,, are propelling Sodium Salt Battery market. Sodium-Nickel-Chloride Battery, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the NaS Battery segment is estimated at % CAGR for the next seven-year period.
Due to the rapid development of the wind power and photovoltaic industry, as well as the increasing awareness of environmental protection in various countries, the energy storage industry is becoming one of the key technologies, which is used in many countries to advance the carbon neutral target process today. The United States, China and Japan occupied the leading position in the installed capacity of energy storage projects, among which the United States is the world's largest energy storage market. The European Union established the European Battery Alliance (EBA) in 2017, aiming to escape the EU's dependence on Asian manufacturers in the battery storage field. According to Data Europa’s statistics, the cumulative installed capacity has reached 48.38GW in 2020. At present, pumped storage accounts for 94% of the energy storage market in Europe, with Spain and Germany having the largest capacity.

According to BNEF data, electrochemical energy storage in the United States added 3.97GW / 10.88 GWh in 2021. In terms of power, it accounted for 40% of the global increase. In 2022, the United States passed the IRA, which subsidized independent energy storage for the first time. Under the ITC, new energy storage projects could offset up to 30% of the investment. The effect of the policy has initially appeared, and the energy storage industry in the United States shows an upward trend.


In February 2023, the Standardization Administration of China and the National Energy Administration issued the Guidelines on the Construction of New Energy Storage Standard System, which included 205 new energy storage standards. In the 14th Five-Year Plan and the 2035 Vision Target Outline, the energy storage industry, energy storage capacity, energy storage projects have been made requirements. In 2021, China issued the Guiding Opinions on Accelerating the Development of New Energy Storage, which specified a clear path for the development of energy storage industry. According to the data of CEC, the cumulative installed capacity of electrochemical energy storage power stations that put into operation was mainly distributed in the power side, and the total energy is 6.80 GWh, which accounted for 48.40% by the end of 2022.
According to CNESA, by the end of 2022, the cumulative installed capacity of power energy storage projects which has put into operation in the world was 237.2GW, with an annual growth rate of 15%. The cumulative installed capacity of new energy storage reached 45.7GW, which has nearly twice of the same period last year, with an annual growth rate of 80%. The lithium-ion battery occupied an absolute dominant position, with an annual growth rate of more than 85%. The global energy storage market developed rapidly, and the installed capacity of new power energy storage projects is 30.7GW, with a year-on-year growth of 98%. China, Europe and the United States continued to lead the development of the global energy storage market, collectively accounting for 86% of the global market.
According to CNESA statistics, by the end of 2022, the total installed capacity of power energy storage projects put into operation in China was 59.8GW, accounting for 25% of the total global market scale, with an annual growth rate of 38%. The cumulative installed capacity of new energy storage exceeded 10GW for the first time, reaching 13.1GW / 27.1, GWh. And the annual growth rate of power scale reached 128%, while the annual growth rate of energy scale reached 141%. The installed capacity of newly added power energy storage projects in China reached 16.5GW for the first time, among which the new capacity of pumped storage was 9.1GW. Among the new energy storage, lithium-ion battery occupied an absolute dominant position, accounting for 97%.

Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Sodium Salt Battery, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Sodium Salt Battery market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Sodium Salt Battery market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Sodium Salt Battery sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Sodium Salt Battery covered in this report include Zhejiang AMPower Co.,Ltd., CHILWEE GROUP CO.,LTD, Chilwee Group and NGK INSULATORS, LTD., etc.
The global Sodium Salt Battery market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Zhejiang AMPower Co.,Ltd.
CHILWEE GROUP CO.,LTD
Chilwee Group
NGK INSULATORS, LTD.
Global Sodium Salt Battery market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Sodium Salt Battery market, Segment by Type:
Sodium-Nickel-Chloride Battery
NaS Battery
Global Sodium Salt Battery market, by Application
Energy Storage System
Transportation
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Sodium Salt Battery manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Sodium Salt Battery in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index
1 Sodium Salt Battery Market Overview
1.1 Sodium Salt Battery Product Overview
1.2 Sodium Salt Battery Market Segment by Type
1.2.1 Sodium-Nickel-Chloride Battery
1.2.2 NaS Battery
1.3 Global Sodium Salt Battery Market Size by Type
1.3.1 Global Sodium Salt Battery Market Size Overview by Type (2018-2029)
1.3.2 Global Sodium Salt Battery Historic Market Size Review by Type (2018-2023)
1.3.3 Global Sodium Salt Battery Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Sodium Salt Battery Sales Breakdown by Type (2018-2023)
1.4.2 Europe Sodium Salt Battery Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Sodium Salt Battery Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Sodium Salt Battery Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Sodium Salt Battery Sales Breakdown by Type (2018-2023)
2 Global Sodium Salt Battery Market Competition by Company
2.1 Global Top Players by Sodium Salt Battery Sales (2018-2023)
2.2 Global Top Players by Sodium Salt Battery Revenue (2018-2023)
2.3 Global Top Players by Sodium Salt Battery Price (2018-2023)
2.4 Global Top Manufacturers Sodium Salt Battery Manufacturing Base Distribution, Sales Area, Product Type
2.5 Sodium Salt Battery Market Competitive Situation and Trends
2.5.1 Sodium Salt Battery Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Sodium Salt Battery Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Sodium Salt Battery as of 2022)
2.7 Date of Key Manufacturers Enter into Sodium Salt Battery Market
2.8 Key Manufacturers Sodium Salt Battery Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Sodium Salt Battery Status and Outlook by Region
3.1 Global Sodium Salt Battery Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Sodium Salt Battery Historic Market Size by Region
3.2.1 Global Sodium Salt Battery Sales in Volume by Region (2018-2023)
3.2.2 Global Sodium Salt Battery Sales in Value by Region (2018-2023)
3.2.3 Global Sodium Salt Battery Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Sodium Salt Battery Forecasted Market Size by Region
3.3.1 Global Sodium Salt Battery Sales in Volume by Region (2024-2029)
3.3.2 Global Sodium Salt Battery Sales in Value by Region (2024-2029)
3.3.3 Global Sodium Salt Battery Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Sodium Salt Battery by Application
4.1 Sodium Salt Battery Market Segment by Application
4.1.1 Energy Storage System
4.1.2 Transportation
4.1.3 Others
4.2 Global Sodium Salt Battery Market Size by Application
4.2.1 Global Sodium Salt Battery Market Size Overview by Application (2018-2029)
4.2.2 Global Sodium Salt Battery Historic Market Size Review by Application (2018-2023)
4.2.3 Global Sodium Salt Battery Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Sodium Salt Battery Sales Breakdown by Application (2018-2023)
4.3.2 Europe Sodium Salt Battery Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Sodium Salt Battery Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Sodium Salt Battery Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Sodium Salt Battery Sales Breakdown by Application (2018-2023)
5 North America Sodium Salt Battery by Country
5.1 North America Sodium Salt Battery Historic Market Size by Country
5.1.1 North America Sodium Salt Battery Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Sodium Salt Battery Sales in Volume by Country (2018-2023)
5.1.3 North America Sodium Salt Battery Sales in Value by Country (2018-2023)
5.2 North America Sodium Salt Battery Forecasted Market Size by Country
5.2.1 North America Sodium Salt Battery Sales in Volume by Country (2024-2029)
5.2.2 North America Sodium Salt Battery Sales in Value by Country (2024-2029)
6 Europe Sodium Salt Battery by Country
6.1 Europe Sodium Salt Battery Historic Market Size by Country
6.1.1 Europe Sodium Salt Battery Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Sodium Salt Battery Sales in Volume by Country (2018-2023)
6.1.3 Europe Sodium Salt Battery Sales in Value by Country (2018-2023)
6.2 Europe Sodium Salt Battery Forecasted Market Size by Country
6.2.1 Europe Sodium Salt Battery Sales in Volume by Country (2024-2029)
6.2.2 Europe Sodium Salt Battery Sales in Value by Country (2024-2029)
7 Asia-Pacific Sodium Salt Battery by Region
7.1 Asia-Pacific Sodium Salt Battery Historic Market Size by Region
7.1.1 Asia-Pacific Sodium Salt Battery Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Sodium Salt Battery Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Sodium Salt Battery Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Sodium Salt Battery Forecasted Market Size by Region
7.2.1 Asia-Pacific Sodium Salt Battery Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Sodium Salt Battery Sales in Value by Region (2024-2029)
8 Latin America Sodium Salt Battery by Country
8.1 Latin America Sodium Salt Battery Historic Market Size by Country
8.1.1 Latin America Sodium Salt Battery Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Sodium Salt Battery Sales in Volume by Country (2018-2023)
8.1.3 Latin America Sodium Salt Battery Sales in Value by Country (2018-2023)
8.2 Latin America Sodium Salt Battery Forecasted Market Size by Country
8.2.1 Latin America Sodium Salt Battery Sales in Volume by Country (2024-2029)
8.2.2 Latin America Sodium Salt Battery Sales in Value by Country (2024-2029)
9 Middle East and Africa Sodium Salt Battery by Country
9.1 Middle East and Africa Sodium Salt Battery Historic Market Size by Country
9.1.1 Middle East and Africa Sodium Salt Battery Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Sodium Salt Battery Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Sodium Salt Battery Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Sodium Salt Battery Forecasted Market Size by Country
9.2.1 Middle East and Africa Sodium Salt Battery Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Sodium Salt Battery Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Zhejiang AMPower Co.,Ltd.
10.1.1 Zhejiang AMPower Co.,Ltd. Company Information
10.1.2 Zhejiang AMPower Co.,Ltd. Introduction and Business Overview
10.1.3 Zhejiang AMPower Co.,Ltd. Sodium Salt Battery Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Zhejiang AMPower Co.,Ltd. Sodium Salt Battery Products Offered
10.1.5 Zhejiang AMPower Co.,Ltd. Recent Development
10.2 CHILWEE GROUP CO.,LTD
10.2.1 CHILWEE GROUP CO.,LTD Company Information
10.2.2 CHILWEE GROUP CO.,LTD Introduction and Business Overview
10.2.3 CHILWEE GROUP CO.,LTD Sodium Salt Battery Sales, Revenue and Gross Margin (2018-2023)
10.2.4 CHILWEE GROUP CO.,LTD Sodium Salt Battery Products Offered
10.2.5 CHILWEE GROUP CO.,LTD Recent Development
10.3 Chilwee Group
10.3.1 Chilwee Group Company Information
10.3.2 Chilwee Group Introduction and Business Overview
10.3.3 Chilwee Group Sodium Salt Battery Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Chilwee Group Sodium Salt Battery Products Offered
10.3.5 Chilwee Group Recent Development
10.4 NGK INSULATORS, LTD.
10.4.1 NGK INSULATORS, LTD. Company Information
10.4.2 NGK INSULATORS, LTD. Introduction and Business Overview
10.4.3 NGK INSULATORS, LTD. Sodium Salt Battery Sales, Revenue and Gross Margin (2018-2023)
10.4.4 NGK INSULATORS, LTD. Sodium Salt Battery Products Offered
10.4.5 NGK INSULATORS, LTD. Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Sodium Salt Battery Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Sodium Salt Battery Industrial Chain Analysis
11.4 Sodium Salt Battery Market Dynamics
11.4.1 Sodium Salt Battery Industry Trends
11.4.2 Sodium Salt Battery Market Drivers
11.4.3 Sodium Salt Battery Market Challenges
11.4.4 Sodium Salt Battery Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Sodium Salt Battery Distributors
12.3 Sodium Salt Battery Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer

Published By : QY Research

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