Top Sodium-ion Battery Companies

Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Sodium-ion Battery Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Sodium-ion Battery industry players.

Sodium-ion Battery Market Competitive Landscape

The market for sodium-ion batteries is moderately consolidated. Faradion Limited, Contemporary Amperex Technology Co. Limited, NGK Insulators Ltd, TIAMAT SAS, HiNa Battery Technology Co. Ltd, Altris AB, and Natron Energy Inc. are among the market's leading players.

Top Players in Sodium-ion Battery Market

  • Contemporary Amperex Technology Co., Limited (CATL) (China) 
  • AMTE Power PLC (United Kingdom) 
  • NGK Insulators Ltd. (Japan) 
  • BYD Company Limited (China) 
  • Reliance Industries Limited (India) 
  • Toshiba Corporation (Japan) 
  • Samsung SDI Co., Ltd. (South Korea) 
  • Panasonic Corporation (Japan) 
  • LG Energy Solution Ltd. (South Korea) 
  • GS Yuasa Corporation (Japan) 
  • Enel S.p.A. (Italy) 
  • Siemens AG (Germany) 
  • ABB Ltd. (Switzerland) 
  • General Electric Company (United States) 
  • Tesla, Inc. (United States) 
  • Energizer Holdings, Inc. (United States) 
  • Duracell Inc. (United States) 
  • Hitachi Chemical Company, Ltd. (Japan)

Sodium-ion Battery market Recent Development

  • In May 2022, Natron Energy, Inc. and Clarios International Inc. announced a strategic collaboration to produce sodium-ion batteries. When it begins production in 2023, the Clarios International Inc. Meadowbrook facility is planned to become the world's first mass-produced and largest sodium-ion battery plant. The pant will have a yearly capacity of 600MW.
  • In January 2022, Reliance Industries announced that its subsidiary Reliance New Energy Solar Limited has entered into an agreement with Faradion (Faradion) and its shareholders to buy 100% of Faradion's equity shares in secondary transactions for GBP 94.42 million. Reliance will also deploy Faradion's cutting-edge technology at its projected fully integrated energy storage giga-factory as part of the Dhirubhai Ambani Green Energy Giga Complex project in Jamnagar, according to the company.
REPORT OVERVIEW BUY NOW

REQUEST FOR SAMPLE

Want to customize this report? REQUEST FREE CUSTOMIZATION

FAQs

Global Sodium-ion Battery Market size was valued at USD 311.65 million in 2023 and is poised to grow from USD 359.02 million in 2024 to USD 1113.63 million by 2032, growing at a CAGR of 15.2% during the forecast period (2025-2032).

The market for sodium-ion batteries is moderately consolidated. Faradion Limited, Contemporary Amperex Technology Co. Limited, NGK Insulators Ltd, TIAMAT SAS, HiNa Battery Technology Co. Ltd, Altris AB, and Natron Energy Inc. are among the market's leading players. 'Contemporary Amperex Technology Co., Limited (CATL) (China) ', 'AMTE Power PLC (United Kingdom) ', 'NGK Insulators Ltd. (Japan) ', 'BYD Company Limited (China) ', 'Reliance Industries Limited (India) ', 'Toshiba Corporation (Japan) ', 'Samsung SDI Co., Ltd. (South Korea) ', 'Panasonic Corporation (Japan) ', 'LG Energy Solution Ltd. (South Korea) ', 'GS Yuasa Corporation (Japan) ', 'Enel S.p.A. (Italy) ', 'Siemens AG (Germany) ', 'ABB Ltd. (Switzerland) ', 'General Electric Company (United States) ', 'Tesla, Inc. (United States) ', 'Energizer Holdings, Inc. (United States) ', 'Duracell Inc. (United States) ', 'Hitachi Chemical Company, Ltd. (Japan)'

The rising demand for electric vehicles is anticipated to drive sodium-ion battery market. EV sales are estimated to reach 15 million in 2025 and over 25 million vehicles in 2030, representing respectively 10% and 15% of all road vehicle sales. While lithium-ion batteries are in high demand, sodium-ion batteries are rapidly gaining popularity as their benefits over lithium-ion batteries become more apparent. The Nagoya Institute of Technology discovered that sodium-ion batteries are extremely advantageous to sustainability for a variety of reasons. For example, sodium is a readily available material since it is abundant in the earth's crust and seawater. This would provide consistent supply of the element with minimal price swings, providing it a considerable edge over lithium, which is not widely available. As a result, the cost of lithium is projected to skyrocket in the near future, as demand for the element is expected to increase by 1500% by 2030, exceeding supply, according to Bloomberg NEF forecasts. Finally, sodium-ion batteries charge faster than lithium-ion batteries, making them an excellent replacement.

The demand for greener energy is increasing globally as a result of rising greenhouse gas emissions. This, combined with the rising use of sodium-ion batteries to store electricity generated by solar or wind energy, is one of the primary reasons driving the industry. Furthermore, increased public knowledge of the benefits of sodium-ion batteries, including as high energy density, low charging time, and a high number of charging cycles, is driving market expansion. Furthermore, governments in numerous countries are encouraging the development of renewable energy to provide consistent power supplies and fuel diversification, which improves energy security, reduces the risk of fuel spills, and reduces the demand for imported fuels. Aside from that, leading market players are heavily spending in research and development (R&D) activities to introduce improved stationary energy storage, which is projected to have a favorable impact on the market. Furthermore, rising demand for electric cars (EVs) due to zero tailpipe emissions of air pollutants such as nitrogen oxides (NOx) and particulates is expected to drive market expansion.

In 2021, Europe dominated the global sodium-ion battery market, owing to owing to ongoing research and increasing deployment of battery energy storage systems and electric vehicles. Quarterly PEV sales rose in the second quarter of 2020, fueled by increased environmental awareness as a result of the COVID-19 epidemic. This increase in new e-vehicle registration resulted in the displacement of 3.8 billion liters of gasoline in Europe, creating a dent in the region's motor fuel consumption. Germany led the fleet electrification movement, with over 681,400 electric vehicle sales in 2021, and Norway, with battery-electric and plug-in hybrid electric vehicles accounting for more than 86 percent of new vehicle sales in 2021. Tesla, Renault, and Volkswagen were among the top-selling brands in the region for completely electric vehicles—the Tesla Model 3, Renault Zoe, and Volkswagen ID.3 were the most popular models in the European Union in 2021.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

Click here right-arrow
logo-images

Related Reports

Sodium Sulfur Battery Market
Buy Now GET FREE SAMPLE
Lithium-Ion Battery Market
Buy Now GET FREE SAMPLE
Alkaline Battery Market
Buy Now GET FREE SAMPLE
Electric Battery Market
Buy Now GET FREE SAMPLE
Battery Electrolyte Market
Buy Now GET FREE SAMPLE
Automotive Lithium-Ion Battery Market
Buy Now GET FREE SAMPLE
Air Electrode Battery Market
Buy Now GET FREE SAMPLE
Molten Salt Battery Market
Buy Now GET FREE SAMPLE

Feedback From Our Clients

Global Sodium-ion Battery Market
Sodium-ion Battery Market

Report ID: SQMIG55E2029

[email protected]
USA +1 351-333-4748

BUY NOW GET FREE SAMPLE