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Pulished Date February, 2021
ID: 11175
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Sodium Sulfur Battery Market – Segmented By Power Rating (Up to 100 MW, 11-25 MW, and 25-30 MW), By Application (Grid and Standalone Systems, Space, Renewable Energy Stabilization, and Transport and Heavy Machines) Size, Share, Trends and Growth Analysis Report and Region - Industry Forecast | 2021 to 2026

Pulished: February, 2021
ID: 11175
Pages: 175

Sodium Sulfur Battery Market Value and Growth:

The worldwide market size for sodium-sulfur batteries was valued at USD 60.44 million in 2021 and is predicted to grow at a compound annual expansion rate (CAGR) of 29.8% from 2021 to 2026.

Growing call for storage Power and electricity using sodium sulfur (NaS) batteries around the world are predicted to drive market expansion over the foreseen period. Also, because sodium-sulfur batteries are smaller, they are better suited for areas where other energy storage options are not feasible. With rapid urbanization and escalating pressure on energy conservation, the acceptance of sodium and sulfur batteries is gaining popularity. The worldwide sodium sulfur battery market is predicted to grow at a promising CAGR over the foreseen period. Sodium-sulfur batteries allow the transmission upgrade to be postponed because power does not have to be transmitted directly after generation, so it can also be discharged on call. In addition, sodium-sulfur batteries are employed to stabilize emergency power supply and power supply to micro / off-grid and industrial customers. However, the adoption rate is a bit low due to the presence of alternative battery technologies, including lithium-ion and lead-acid batteries.

Sodium Sulfur Battery Market Trends:

The size of the US market was valued at $ 3.82 million in 2021. The US government has encouraged stakeholders in the renewable energy industry, resulting in an improvement in call of battery energy storage systems. (BESS), powered mainly by sodium-sulfur batteries. Encouraging the expansion of the industrial sector, as well as the energies to maintain the stability of the grid with the integration of renewable energy sources, will further boost the industry statistics throughout the country.

Recent Developments in the Sodium Sulfur Battery Market:

  • The sodium-sulfur (NAS) batteries manufactured by NGK Insulators will be supplied by a subsidiary of the chemical company BASF for the power-to-gas projects of the South Korean company G-Philos in the worldwide territories. BASF's newly created subsidiary is focemployed on finding new areas in which the German chemical company can diversify, but which are linked to its core activities.
  • BASF and NGK join forces to develop the next generation of sodium-sulfur batteries for stationary applications.

Sodium Sulfur Battery Market Drivers:

Escalating investments in renewable energy and reducing costs through technological advancements and expanded deployment are some of the main factors driving the sodium sulfur battery market. In order to provide a reliable and fast power supply to households that are not properly connected to the national grid, power companies attempt to connect these households with isolated, autonomous networks that participate in small-scale power generation of 10 kW to 10 MW and are generally implemented in rural areas. This form of power generation is becoming escalatingly popular in the Southeast Asian region, and the government is trying to improve electrification rates in Southeast Asian countries. In addition, the electricity produced comes mainly from renewable energy sources such as wind, solar and hydroelectric, among others. The key element of any isolated network is the energy storage device. Ultimately, this made battery storage a popular choice among energy storage service companies. All of these factors are likely to drive the market for sodium sulfide batteries. Increased investment in infrastructure, population expansion, increased energy call and green energy storage are some of the key drivers for the expansion of the worldwide sodium sulfur battery market.

Sodium Sulfur Battery Market Restraints:

Research and assurance costs, cyclical conservation, inaccessible deployment sites, and distributed energy storage arrangements are likely to hamper the development of the sodium and sulfur battery market.

Opportunities in the Sodium Sulfur Battery Market:

The renewable energy stabilization segment is predicted to experience substantial expansion in the coming years. Sodium-sulfur batteries are employed as energy storage batteries to support the production of renewable energy, mainly in solar production and wind farms. The battery's energy storage system has a significant influence on creating rapid decarbonization for energy use. Battery energy storage systems provide stability services to multiple mini-grids, facilitate an increase in the potential share of variable renewable energy sources in these areas of the grid, and improve power quality. The worldwide market for sodium sulfide batteries is predicted to experience moderate expansion during the foreseen period due to various applications in which these batteries are employed and they have been an integral part of the overall electricity production and distribution system. Some of these application areas include wind energy stabilization and energy time shift, solar energy stabilization and energy time shift, frequency control and energy time shift, the off-grid renewable energy supply system and the operation of the high-efficiency diesel generator.

Challenges in the Sodium Sulfur Battery Market:

The threat of moisture is quite significant for sodium and sulfur batteries, resulting in regular battery maintenance as well as individual cell inspection to ensure long-term operation. Battery maintenance includes the crucial work of replacing cells that show signs of leaking. Periodic maintenance, inspection and sealing costs, distributed energy storage (DES) regulations, and installation in inaccessible locations are likely factors restricting the expansion of the worldwide sodium battery market. and sulfur.

Sodium Sulfur Battery Market Segmentation:

By power rating:

  • Up to 100 MW
  • 11-25 MW
  • 25-30 MW

25-30 MW dominate the market as these batteries are gradually reaping the benefits of electrical efficiency as a power system solution for sustainable power sources. In addition, these types of accumulators control excessive current mass, longer expansion rate, and simple production plan in large-scale deployments.

By application:

  • Grid and Standalone Systems
  • Space
  • Transport and Heavy Machines
  • Renewable Energy stabilization

The renewable energy stabilization applications segment is predicted to see substantial expansion in the coming years, as NaS batteries are a potential energy storage technology to support renewable energy production, specifically solar and wind power plants. Furthermore, the escalating integration of renewable energy sources, such as solar and wind energy, in the grid areas is predicted to drive the expansion of the renewable energy stabilization applications segment.

Sodium Sulfur Battery Market Regional Analysis:

The Sodium Sulfur Battery Market Report includes the segmentation of Regions:

  • North America 
  • Europe 
  • Asia Pacific
  • Latin America 
  • Middle East & Africa 

The Asia Pacific region accounted for the largest share of revenue at 68.27% in 2021 and is predicted to experience significant expansion over the projected period. Increased investments in expanding power generation capacity, coupled with growing call for electrification in rural areas, will drive the call for storage batteries in the Asia-Pacific region, leading to growing call for batteries in the region. sodium sulfur. Japan leads the worldwide adoption of sodium-sulfur batteries with more than 170 MW of installed capacity for 2018. Sustained industrialization in the main economies of the region has led to an increased emphasis on grid stability and reliable electricity production.

As a result, sodium-sulfur batteries are gradually being implemented to provide ancillary services with adequate frequency regulation. Stepping up efforts to reduce the carbon footprint by upgrading renewable energy infrastructure will further stimulate market expansion. Europe is predicted to see remarkable expansion in the coming years due to the escalating call for NaS batteries. Technological advances in terms of profitability, greater efficiency and product innovation are predicted to drive expansion in the regional market. Strict emission standards from developed country governments such as the UK and the US, along with escalating attention to fuel efficiency, are predicted to drive the market.

Impact of COVID-19 on Sodium Sulfur Battery Market:

The battery industry has grown at an impressive rate over the past two decades, supported by the growing call for power from modern portable consumer electronics, electric vehicles, and the growing adoption of power generation. intermittent renewable. The COVID-19 endemic has slowed the pace of battery supply chains as most battery cells are made in China, highlighting the overwhelming dependence on China and the risks related with the supply chain. This has sparked the interest of various stakeholders in localizing / regionalizing supply chains in the US and EU regions to mitigate supply chain risks. 5G is predicted to become the backbone of telecommunications in the coming years. Most telecom operators are embarking on network upgrades and new construction in the coming years to cope with increased traffic, offer improved mobile broadband, respond to IoT and mission critical applications. In turn, this trend, which translates into increased investment in infrastructure by telecommunications and tower companies, is predicted to significantly boost call for critical backup power systems to maintain availability close to 100%.

Sodium Sulfur Battery Market Key Players:

The key players of global Sodium Sulfur Battery Market are NGK Insulators Ltd., KEMET Electronics Corporation, GE Energy Storage, Eagle Picher Technologies LLC, Ceramatec Inc., Sieyuan Electric Co., Ltd., FIAMM Group, and POSCO, among others.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                 

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                           

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling     

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                        

                                4.1.1 Drivers      

                                4.1.2 Restaints 

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis         

                                5.1.2 Products/Service 

                                5.1.3 Regional Presence

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Sodium Sulfur Battery Market, By Power Rating                         

                                6.1.1 Up to 100 MW       

                                6.1.2 11-25 MW               

                                6.1.3 25-30 MW               

                                6.1.4 Market Size Estimations & Forecasts (2021-2026)   

                                6.1.5 Y-o-Y Growth Rate Analysis              

                                6.1.6 Market Attractiveness Index           

                6.2 Sodium Sulfur Battery Market, By Application                             

                                6.2.1 Grid and Standalone Systems         

                                6.2.2 Space        

                                6.2.3 Transport and Heavy Machines      

                                6.2.4 Renewable Energy stabilization      

                                6.2.5 Market Size Estimations & Forecasts (2021-2026)   

                                6.2.6 Y-o-Y Growth Rate Analysis              

                                6.2.7 Market Attractiveness Index           

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                    

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Power Rating   

                                7.2.3 By Application       

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Power Rating   

                                7.3.3 By Application       

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Power Rating   

                                7.4.3 By Application       

                7.5 Latin America                            

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Power Rating   

                                7.5.3 By Application       

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Power Rating   

                                7.6.3 By Application       

8. Key Player Analysis                                    

                8.1 NGK Insulators Ltd                   

                                8.1.1 Business Description           

                                8.1.2 Products/Service 

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis      

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 KEMET Electronics Corporation                          

                8.3 GE Energy Storage                   

                8.4 Eagle Picher Technologies LLC                            

                8.5 Ceramatec Inc                           

                8.6 Sieyuan Electric Co., Ltd                        

                8.7 FIAMM Group                           

                8.8 POSCO                         

9. Market Outlook & Investment Opportunities                                 

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms By Cutting Systems and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Sodium Sulfur Battery Market By Region, From 2021-2026 ( USD Billion )
  2. Global Sodium Sulfur Battery Market By Power Rating, From 2021-2026 ( USD Billion )
  3. Global Up to 100 MW Market By Region, From 2021-2026 ( USD Billion )
  4. Global 11-25 MW Market By Region, From 2021-2026 ( USD Billion )
  5. Global 25-30 MW Market By Region, From 2021-2026 ( USD Billion )
  6. Global Sodium Sulfur Battery Market By Application, From 2021-2026 ( USD Billion )
  7. Global Grid and Standalone Systems Market By Region, From 2021-2026 ( USD Billion )
  8. Global Space Market By Region, From 2021-2026 ( USD Billion )
  9. Global Transport and Heavy Machines Market By Region, From 2021-2026 ( USD Billion )
  10. Global Renewable Energy stabilization Market By Region, From 2021-2026 ( USD Billion )

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