Global Sodium Sulfur Battery Market Size & Outlook
The sodium sulfur battery industry worldwide is expected to reach a projected revenue of US$ 480.4 million by 2027. A compound annual growth rate of 29.6% is expected of the worldwide sodium sulfur battery industry from 2020 to 2027.
Revenue, 2019 (US$M)
$60.2
Forecast, 2027 (US$M)
$480.4
CAGR, 2020 - 2027
29.6%
Report Coverage
Worldwide
Global sodium sulfur battery market, 2016-2027 (US$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 segmentation & 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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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 statistics, by region, 2016-2027 (US$M)
Top 10 countries: Sodium sulfur batteries market size, 2019 (USD Million)
Top 10 countries: Sodium sulfur batteries market size, 2019 (USD Million)
Global sodium sulfur battery market, by region, 2019 (US$M)
Related regional statistics
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