Global Sodium Sulfur Battery Market Size & Outlook
Global sodium sulfur battery market, 2016-2027 (US$M)
Related Markets
Global sodium sulfur battery market highlights
- The global sodium sulfur battery market generated a revenue of USD 60.2 million in 2019 and is expected to reach USD 480.4 million by 2027.
- The market is expected to grow at a CAGR (2020 - 2027) of 29.6% by 2027.
- In terms of segment, industrial accounted for a revenue of USD 49.2 million in 2019.
- Industrial is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2019.
- Country-wise, Canada is expected to register the highest CAGR from 2020 to 2027.
Global data book summary
| Market revenue in 2019 | USD 60.2 million |
| Market revenue in 2027 | USD 480.4 million |
| Growth rate | 29.6% (CAGR from 2019 to 2027) |
| Largest segment | Industrial |
| Fastest growing segment | Industrial |
| Historical data covered | 2016 - 2018 |
| Base year for estimation | 2019 |
| Forecast period covered | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Private Portable, Industrial |
Other key industry trends
- In terms of revenue, the North America accounted for 9.5% of the global sodium sulfur battery market in 2019.
- By country, the Japan is projected to lead the global market in terms of revenue in 2027.
- By country, Canada is the fastest growing regional market and is projected to reach USD 10.6 million by 2027.
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Sodium Sulfur Battery Market Scope
Sodium Sulfur Battery Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global sodium sulfur battery market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to sodium sulfur battery market will help companies and investors design strategic landscapes.
Industrial was the largest segment with a revenue share of 81.73% in 2019. Horizon Databook has segmented the Global sodium sulfur battery market based on private portable, industrial covering the revenue growth of each sub-segment from 2016 to 2027.
- Global Sodium Sulfur Battery Product Outlook (Revenue, USD Million, 2016-2027)
- Private Portable
- Industrial
- Global Sodium Sulfur Battery Application Outlook (Revenue, USD Million, 2016-2027)
- Renewable Energy Stabilization
- Load Levelling
- Ancillary Services
- Others
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Our clientele includes a mix of sodium sulfur battery market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global sodium sulfur battery market , including forecasts for subscribers. This global databook contains high-level insights into Global sodium sulfur battery market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Global sodium sulfur batteries market size, by region, 2016-2027 (US$M)
Top 10 countries: Sodium sulfur batteries market size, 2019 (US$M)
Global sodium sulfur batteries market share, by product, 2019 & 2027 (%, US$M)
Sodium sulfur battery market: Opportunity assessment by country
Global sodium sulfur battery market, by region, 2019 (US$M)
| Product | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 2.6 | 3.4 | 4.4 | 5.7 | 7.5 | 9.8 | 12.8 | 16.7 | 21.9 | 28.7 | 37.7 | 49.5 | 30.9% |
| Europe | 3.3 | 4.2 | 5.3 | 6.7 | 8.5 | 10.8 | 13.7 | 17.3 | 21.9 | 27.8 | 35.2 | 44.7 | 26.7% |
| Asia Pacific | 18.8 | 24.4 | 31.7 | 41.1 | 53.3 | 69.2 | 89.8 | 116.6 | 151.3 | 196.3 | 254.8 | 330.8 | 29.8% |
| Latin America | 1.7 | 2.3 | 3.0 | 3.9 | 5.2 | 6.8 | 8.9 | 11.7 | 15.4 | 20.2 | 26.6 | 34.9 | 31.4% |
| MEA | 1.2 | 1.6 | 2.1 | 2.7 | 3.6 | 4.6 | 6.0 | 7.8 | 10.0 | 12.8 | 16.3 | 20.6 | 28.8% |
| Overall | 27.6 | 35.8 | 46.4 | 60.2 | 78.0 | 101.2 | 131.2 | 170.0 | 220.4 | 285.8 | 370.5 | 480.4 | 29.6% |
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