Sodium Sulfur Battery Market - Analysis by Application, and Geography - Growth, Trends and Forecast (2019 - 2024)

Sodium Sulfur Battery Market - Analysis by Application, and Geography - Growth, Trends and Forecast (2019 - 2024)

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Globally, the awareness level pertaining to clean energy usage has grown remarkably that has led to the formulation of policies that support clean energy technologies. Moreover, the technological advancements pertaining to clean energy have sufficed the deployment of clean energy systems. Sodium-sulfur (NaS) batteries have reactants that operate at a temperature of 300ºC with a potential energy density output of more than 400 Wh/kg or 200 Wh/lb with charge/discharge efficiency is in the range of 86–92%. In comparison to NaS batteries, the lead-acid batteries have an output of about 30 Wh/kg. The highly corrosive nature of sodium metal and high operating temperature allows the NaS batteries to be used in stationary applications such as grid energy storage. The largest solar project in the United Arab Emirates, Mohammed bin Rashid Al Maktoum Solar Park, which has a capacity of 1 GW with energy storage from NaS technology. Development of such projects is anticipated to increase in coming years which is expected to drive the market for NaS batteries.

Increasing Deployment of Renewable Energy Infrastructure - Drives the Market

The energy storage has a massive impact towards creating a rapid decarbonization in energy usage. The technologies pertaining to energy storage are emerging as a critical part of the solution which increases the access to electricity in conjunction with solar power plants. Moreover, the energy storage systems provide stability services to mini-grids, improves the power quality and facilitate an increase in the potential share of variable renewable energy in such grids. The solar power installed capacity witnessed a growth of 32 percent in 2017, globally and the growth in solar power development is anticipated to continue in coming years which will drive the demand for NaS batteries during the forecast period.

Asia-Pacific to Dominate the Market Share

Asia-Pacific is witnessing huge policy level support from the governments in the region to promulgate the renewable power and energy storage deployment. The countries such as China, Japan, and India are a major market for solar and wind power systems which are witnessing tremendous growth. The electrochemical energy storage development in China attracts huge attention as the total electrochemical storage capacity was close to 360MW, 14% of the world’s total, depicting an annual growth rate of 40 percent. China has a majority of energy storage capacity planned or under construction which is likely to provide a huge impetus to NaS battery demand in the Asia-Pacific region.

The major players include - NGK Insulators Ltd., KEMET Electronics Corporation, GE Energy Storage, Eagle Picher Technologies LLC, Ceramatec Inc., Sieyuan Electric Co., Ltd., FIAMM Group, POSCO, amongst others.

Reasons to Purchase This Report

  • Current and future sodium sulfur battery market outlook in the developed and emerging markets
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • The segment that is expected to dominate the market
  • Regions that are expected to witness the fastest growth during the forecast period
  • Identify the latest developments, and strategies employed by the major market players
  • 3 months analyst support along with the Market Estimate sheet (in excel)

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1. Executive Summary                  

2. Research Methodology                           

                2.1 Scope of the Report

                2.2 Market Definition    

                2.3 Study Assumptions 

                2.4 Study Deliverables  

                2.5 Research Phases      

3. Market Overview                       

                3.1 Introduction               

                3.2 Market Size and Demand Forecast until 2023 (in USD billion)

                3.3 Recent Trends and Developments   

                3.4 Government Policies & Regulations 

                3.5 Investment Opportunities   

                3.6 Raw Material Analysis            

4. Market Dynamics                       

                4.1 Drivers          

                4.2 Restraints    

                4.3 Opportunities            

5. Supply Chain Analysis                               

6. Industry Attractiveness - Porter’s Five Force Analysis                                

                6.1 Bargaining Power of Suppliers            

                6.2 Bargaining Power of Consumers       

                6.3 Threat of New Entrants         

                6.4 Threat of Substitutes             

                6.5 Intensity of Competitive Rivalry        

7. Market Segmentation and Analysis (Overview, Market Size and Demand Forecast until 2023)                

                7.1 By Application           

                                7.1.1 Renewable Energy Stabilization

                                7.1.2 Ancillary Services

                                7.1.3 Load Levelling

8. Regional Market Analysis (Overview, Market Size and Demand Forecast until 2023)                    

                8.1 North America          

                8.2 Europe         

                8.3 Asia-Pacific 

                8.4 Rest of the World    

9. Key Company Analysis (Overview, Products & Services, Financials*, Recent Development, and Analyst View)                

                9.1 NGK Insulators Ltd. 

                9.2 KEMET Electronics Corporation          

                9.3 GE Energy Storage   

                9.4 Eagle Picher Technologies LLC            

                9.5 Ceramatec Inc           

                9.6 Sieyuan Electric Co., Ltd.       

                9.7 FIAMM Group           

                9.8 POSCO          

                *List not Exhaustive       

10. Competitive Landscape                         

                10.1 Mergers & Acquisitions       

                10.2 Joint Ventures, Collaborations, and Agreements    

                10.3 Strategies Adopted by Leading Market Players        

11. Future of the Market                             

12. Appendix                    

                12.1 Contact Us

                12.2 Disclaimer 

*Subject to availability on public domain                              

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