“Sodium Sulfur (NaS) Batteries Market” A sodium–sulfur battery is a type of molten-salt battery constructed from liquid sodium (Na) and sulfur (S). This type of battery has a high energy density, high efficiency of charge/discharge and long cycle life, and is fabricated from inexpensive materials. The operating temperatures of 300 to 350 °C and the highly corrosive nature of the sodium polysulfides, primarily make them suitable for stationary energy storage applications. The cell becomes more economical with increasing size.
Market Analysis and Insights: Global Sodium Sulfur (NaS) Batteries Market
Due to the COVID-19 pandemic, the global Sodium Sulfur (NaS) Batteries market size is estimated to be worth USD million in 2023 and is forecast to a readjusted size of USD million by 2028 with a CAGR of % during the review period. Fully considering the economic change by this health crisis, Molten-Salt Type accounting for % of the Sodium Sulfur (NaS) Batteries global market in 2021, is projected to value USD million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Grid segment is altered to an % CAGR throughout this forecast period.
China Sodium Sulfur (NaS) Batteries market size is valued at USD million in 2021, while the US and Europe Sodium Sulfur (NaS) Batteries are USD million and USD million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Sodium Sulfur (NaS) Batteries landscape, Germany is projected to reach USD million by 2028 trailing a CAGR of % over the forecast period.
The global key manufacturers of Sodium Sulfur (NaS) Batteries include NGK, POSCO, GE Energy Storage and Ceramatec, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
In terms of production side, this report researches the Sodium Sulfur (NaS) Batteries capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2023, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Sodium Sulfur (NaS) Batteries by region (region level and country level), by company, by Type and by Application. from 2017 to 2023 and forecast to 2028.
Global Sodium Sulfur (NaS) Batteries Scope and Segment
Sodium Sulfur (NaS) Batteries market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Sodium Sulfur (NaS) Batteries market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
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The Major Players in the Industrial Sodium Sulfur (NaS) Batteries Market include:
- GE Energy Storage
By Product Types:
- Molten-Salt Type
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