Global Sodium Sulfur Battery Market Size & Outlook
Global sodium sulfur battery market, 2016-2027 (US$M)
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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 |
|---|---|---|---|---|
| Sieyuan Electric | View profile | 5001-10000 | Minhang, Shanghai, China, Asia | http://en.sieyuan.com/ |
| Yageo Corp ADR | View profile | 9415 | No. 233-1, Baoqiao Road, 3rd Floor, Xindian District, New Taipei, Taiwan, 23145 | https://www.yageo.com |
| Tokyo Electron Ltd | View profile | 17204 | Akasaka Biz Tower, 3-1 Akasaka 5-chome, Minato-ku, Tokyo, Japan, 107-6325 | http://www.tel.co.jp |
| POSCO Holdings Inc ADR | View profile | 44501 | POSCO Center, 440 Teheran-ro, Gangnam-gu, Seoul, Korea, Republic of, 06194 | https://www.posco.co.kr |
| NGK Insulators Ltd | View profile | 22714 | 2-56 Suda-cho, Mizuho, Nagoya, Japan, 467-8530 | http://www.ngk.co.jp |
| GE Aerospace | View profile | 125000 | One Financial Center, Suite 3700, Boston, MA, United States, 02111 | https://www.geaerospace.com |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
| Hitachi Ltd | View profile | 322525 | 6-6, Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8280 | http://www.hitachi.com |
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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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.
Partial client list
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)
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