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Sodium Sulfur Battery Market Size, Share & Trends Analysis Report By Application (Renewable Energy Stabilization, Load Leveling), By Product (Private Portable, Industrial), By Region, And Segment Forecasts, 2020 - 2027

September 2020 | 100 pages | ID: SC33EEC42F0EEN
Grand View Research, Inc.

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Sodium Sulfur Battery Market Growth & Trends
The global sodium sulfur battery market size is expected to reach USD 480.4 million by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 29.6% from 2020 to 2027. The growing demand for energy storage batteries and power supply across the globe is expected to boost the growth of the market over the estimated period.

Sodium sulfur (NaS) batteries are pre-eminent by adding electrodes to increase their operational flexibility and lifespan. It also eliminates the hazards related to fire calamities. However, sodium sulfur batteries are hazardous and can catch fire easily when they meet moisture and air. Due to the highly corrosive nature, along with the high operating temperature of sodium polysulfide, these batteries are used in stationary applications, including grid energy storage.

The renewable energy stabilization application segment is projected to witness substantial growth over the upcoming years as NaS batteries are a possible energy storage technology to support renewable energy power generation, precisely solar and wind generation plants. Moreover, the growing integration of renewable energy sources, such as solar and wind, into the grid areas is projected to boost the growth of the renewable energy stabilization application segment. The industrial product segment accounted for 81.8% share of the global revenue in 2019. Growing energy requirements have resulted in an improved usage of storage batteries used in off-grid locations, which has directly impacted the demand for NaS batteries.

The Asia Pacific held a leading share in the global market in 2019. The growth of the market is ascribed to the growing demand for renewable energy storage units across the commercial and industrial sectors. Moreover, in 2019, Asia Pacific accounted for over 47% of the global investments in renewable sources of energy. The growing investments across the region are driven by the government authorities in the countries that are putting more effort to surge renewable sources of energy. The presence of many manufacturers in Japan and South Korea is also likely to support regional market growth. Moreover, potential industries across India, Malaysia, Thailand, and Singapore are likely to create high demand for such batteries in the upcoming years.

Sodium Sulfur Battery Market Report Highlights
  • The industrial product segment was valued at USD 49.23 million in 2019
  • The Asia Pacific is projected to grow at a substantial rate throughout the forecast period. Japan is expected to account for the maximum share in the Asia Pacific region in the years to come
  • In Europe, the industrial product segment dominated the industry and accounted for 81.8% share of the total revenue in 2019
  • The MEA is likely to witness moderate growth during the projected period.
CHAPTER 1. METHODOLOGY AND SCOPE

1.1. Market segmentation & scope
1.2. Information procurement
  1.2.1. Purchased database
  1.2.2. GVR’s internal database
  1.2.3. Secondary sources & third-party perspectives
  1.2.4. Primary research
1.3. Information analysis
  1.3.1. Data analysis models
1.4. Market formulation & data visualization
1.5. Data validation & publishing

CHAPTER 2. EXECUTIVE SUMMARY

CHAPTER 3. MARKET DEFINITIONS

CHAPTER 4. SODIUM SULFUR BATTERIES MARKET VARIABLES, TRENDS & SCOPE

4.1. Market Size and Growth Prospects
4.2. Industry Value Chain Analysis
4.3. Raw Material Trends
4.4. Market Dynamics
  4.4.1. Market Driver Analysis
  4.4.2. Market Restraint Analysis
  4.4.3. Opportunity Assessment
4.5. Penetration & Growth Prospect Mapping
4.6. Technological Overview
4.7. Regulatory Framework
4.8. Business Environment Analysis Tools
  4.8.1. Industry Analysis - Porter’s
  4.8.2. PESTEL Analysis
4.9. Impact of Corona Virus on Sodium Sulfur Batteries Market

CHAPTER 5. SODIUM SULFUR BATTERIES MARKET APPLICATION OUTLOOK

5.1. Market Size Estimates & Forecasts and Trend Analysis, 2016 - 2027 (Revenue, USD Million)
5.2. Ancillary Services
  5.2.1. Market estimates and forecasts by region, 2016 - 2027 (Revenue, USD Million)
5.3. Load Leveling
  5.3.1. Market estimates and forecasts by region, 2016 - 2027 (Revenue, USD Million)
5.4. Renewable Energy Stabilization
  5.4.1. Market estimates and forecasts by region, 2016 - 2027 (Revenue, USD Million)
5.5. Others
  5.5.1. Market estimates and forecasts by region, 2016 - 2027 (Revenue, USD Million)

CHAPTER 6. SODIUM SULFUR BATTERIES MARKET PRODUCT OUTLOOK

6.1. Market Size Estimates & Forecasts and Trend Analysis, 2016 - 2027 (Revenue, USD Million)
6.2. Private Portable
  6.2.1. Market estimates and forecasts by region, 2016 - 2027 (Revenue, USD Million)
6.3. Industrial
  6.3.1. Market estimates and forecasts by region, 2016 - 2027 (Revenue, USD Million)

CHAPTER 7. SODIUM SULFUR BATTERIES MARKET REGIONAL OUTLOOK

7.1. Sodium Sulfur Batteries Market, By Region, 2019 & 2027
7.2. North America
  7.2.1. Market estimates and forecasts by Application, 2016 - 2027 (Revenue, USD Million)
  7.2.2. Market estimates and forecasts by Product, 2016 - 2027 (Revenue, USD Million)
  7.2.3. The U.S.
    7.2.3.1. Market estimates and forecasts by Application, 2016 - 2027 (Revenue, USD Million)
    7.2.3.2. Market estimates and forecasts by Product, 2016 - 2027 (Revenue, USD Million)
  7.2.4. Canada
    7.2.4.1. Market estimates and forecasts by Application, 2016 - 2027 (Revenue, USD Million)
    7.2.4.2. Market estimates and forecasts by Product, 2016 - 2027 (Revenue, USD Million)
7.3. Europe
  7.3.1. Market estimates and forecasts by Application, 2016 - 2027 (Revenue, USD Million)
  7.3.2. Market estimates and forecasts by Product, 2016 - 2027 (Revenue, USD Million)
  7.3.3. The U.K.
    7.3.3.1. Market estimates and forecasts by Application, 2016 - 2027 (Revenue, USD Million)
7.4. The Asia Pacific
  7.4.1. Market estimates and forecasts by Application, 2016 - 2027 (Revenue, USD Million)
  7.4.2. Market estimates and forecasts by Product, 2016 - 2027 (Revenue, USD Million)
  7.4.3. China
    7.4.3.1. Market estimates and forecasts by Application, 2016 - 2027 (Revenue, USD Million)
    7.4.3.2. Market estimates and forecasts by Product, 2016 - 2027 (Revenue, USD Million)
  7.4.4. Japan
    7.4.4.1. Market estimates and forecasts by Application, 2016 - 2027 (Revenue, USD Million)
    7.4.4.2. Market estimates and forecasts by Product, 2016 - 2027 (Revenue, USD Million)
  7.4.5. South Korea
    7.4.5.1. Market estimates and forecasts by Application, 2016 - 2027 (Revenue, USD Million)
    7.4.5.2. Market estimates and forecasts by Product, 2016 - 2027 (Revenue, USD Million)
7.5. Central and South America
  7.5.1. Market estimates and forecasts by Application, 2016 - 2027 (Revenue, USD Million)
  7.5.2. Market estimates and forecasts by Product, 2016 - 2027 (Revenue, USD Million)
  7.5.3. Brazil
    7.5.3.1. Market estimates and forecasts by Application, 2016 - 2027 (Revenue, USD Million)
    7.5.3.2. Market estimates and forecasts by Product, 2016 - 2027 (Revenue, USD Million)
7.6. MEA
  7.6.1. Market estimates and forecasts by Application, 2016 - 2027 (Revenue, USD Million)
  7.6.2. Market estimates and forecasts by Product, 2016 - 2027 (Revenue, USD Million)
  7.6.3. South Africa
    7.6.3.1. Market estimates and forecasts by Application, 2016 - 2027 (Revenue, USD Million)
    7.6.3.2. Market estimates and forecasts by Product, 2016 - 2027 (Revenue, USD Million)

CHAPTER 8. COMPETITIVE LANDSCAPE

8.1. NGK INSULATORS, LTD.
  8.1.1. Company overview
  8.1.2. Financial performance
  8.1.3. Product benchmarking
  8.1.4. Recent developments
8.2. BASF SE
  8.2.1. Company overview
  8.2.2. Financial performance
  8.2.3. Product benchmarking
  8.2.4. Recent developments
8.3. Tokyo Electric Power Company Holdings, Inc.
  8.3.1. Company overview
  8.3.2. Financial performance
  8.3.3. Product benchmarking
  8.3.4. Recent developments
8.4. EaglePicher Technologies
  8.4.1. Company overview
  8.4.2. Financial performance
  8.4.3. Product benchmarking
  8.4.4. Recent Developments
8.5. GE Energy
  8.5.1. Company Overview
  8.5.2. Financial Performance
  8.5.3. Product benchmarking
  8.5.4. Recent developments
8.6. FIAMM Group
  8.6.1. Company overview
  8.6.2. Financial performance
  8.6.3. Product benchmarking
  8.6.4. Recent developments
8.7. KEMET Corporation
  8.7.1. Company Overview
  8.7.2. Financial Performance
  8.7.3. Product Benchmarking
  8.7.4. Recent Developments
8.8. POSCO
  8.8.1. Company Overview
  8.8.2. Financial Performance
  8.8.3. Product Benchmarking
  8.8.4. Recent Developments
8.9. Sieyuan Electric Co., Ltd.
  8.9.1. Company overview
  8.9.2. Financial performance
  8.9.3. Product benchmarking
  8.9.4. Recent developments

LIST OF TABLES

TABLE 1 Global Sodium Sulfur Batteries Market, 2016 - 2027 (USD Million)
TABLE 2 Global Sodium Sulfur Batteries Market estimates and forecasts by Product, (USD Million), 2016 - 2027
TABLE 3 Global Sodium Sulfur Batteries Market estimates and forecasts by application, (USD Million), 2016 - 2027
TABLE 4 Sodium Sulfur Batteries Market - Key Market Driver
TABLE 5 Sodium Sulfur Batteries Market - Key Market Restraint
TABLE 6 Global Application Sodium Sulfur Batteries market by region, 2016 - 2027 (USD Million)
TABLE 7 Global Product Sodium Sulfur Batteries market by region, 2016 - 2027 (USD Million)
TABLE 8 North America Sodium Sulfur Batteries Market by Application, 2016 - 2027 (USD Million)
TABLE 9 North America Sodium Sulfur Batteries Market by Product, 2016 - 2027 (USD Million)
TABLE 10 U.S. Sodium Sulfur Batteries Market by Application, 2016 - 2027 (USD Million)
TABLE 11 U.S. Sodium Sulfur Batteries Market by Product, 2016 - 2027 (USD Million)
TABLE 12 Canada Sodium Sulfur Batteries Market by Product, 2016 - 2027 (USD Million)
TABLE 13 Canada Sodium Sulfur Batteries Market by Application, 2016 - 2027 (USD Million)
TABLE 14 Europe Sodium Sulfur Batteries Market by Application, 2016 - 2027 (USD Million)
TABLE 15 Europe Sodium Sulfur Batteries Market by Product, 2016 - 2027 (USD Million)
TABLE 16 U.K. Sodium Sulfur Batteries Market by Application, 2016 - 2027 (USD Million)
TABLE 17 U.K. Sodium Sulfur Batteries Market by Product, 2016 - 2027 (USD Million)
TABLE 18 Asia Pacific Sodium Sulfur Batteries Market by Application, 2016 - 2027 (USD Million)
TABLE 19 Asia Pacific Sodium Sulfur Batteries Market by Product, 2016 - 2027 (USD Million)
TABLE 20 Japan Sodium Sulfur Batteries Market by Application, 2016 - 2027 (USD Million)
TABLE 21 Japan Sodium Sulfur Batteries Market by Product, 2016 - 2027 (USD Million)
TABLE 22 China Sodium Sulfur Batteries Market by Product, 2016 - 2027 (USD Million)
TABLE 23 China Sodium Sulfur Batteries Market by Application, 2016 - 2027 (USD Million)
TABLE 24 South Korea Sodium Sulfur Batteries Market by Application, 2016 - 2027 (USD Million)
TABLE 25 South Korea Sodium Sulfur Batteries Market by Product, 2016 - 2027 (USD Million)
TABLE 26 CSA Sodium Sulfur Batteries Market by Application, 2016 - 2027 (USD Million)
TABLE 27 CSA Sodium Sulfur Batteries Market by Product, 2016 - 2027 (USD Million)
TABLE 28 Brazil Sodium Sulfur Batteries Market by Product, 2016 - 2027 (USD Million)
TABLE 29 Brazil Sodium Sulfur Batteries Market by Application, 2016 - 2027 (USD Million)
TABLE 30 MEA Sodium Sulfur Batteries Market by Application, 2016 - 2027 (USD Million)
TABLE 31 MEA Sodium Sulfur Batteries Market by Product, 2016 - 2027 (USD Million)
TABLE 32 South Africa Sodium Sulfur Batteries Market by Application, 2016 - 2027 (USD Million)
TABLE 33 South Africa Sodium Sulfur Batteries Market by Product, 2016 - 2027 (USD Million)
LIST OF FIGURES

FIG. 1 Market segmentation & scope
FIG. 2 Sodium Sulfur Batteries Market size and growth prospects
FIG. 3 Sodium Sulfur Batteries Value chain analysis
FIG. 4 Market Dynamics
FIG. 5 Sodium Sulfur Batteries Market- Penetration & Growth Prospect Mapping
FIG. 6 Porter’s Five Forces Analysis
FIG. 7 PEST Analysis for Sodium Sulfur Batteries Industry
FIG. 8 Regional outlook, 2019 & 2027
FIG. 9 Sodium Sulfur Batteries market by Application, 2016 - 2027 (USD Million)
FIG. 10 Sodium Sulfur Batteries market by Product, 2016 - 2027 (USD Million)
FIG. 11 Sodium Sulfur Batteries market by Region, 2016 - 2027 (USD Million)


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