Asia Pacific Sodium Sulfur Battery Market Size & Outlook
Asia Pacific sodium sulfur battery market, 2016-2027 (US$M)
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Asia Pacific sodium sulfur battery market highlights
- The Asia Pacific sodium sulfur battery market generated a revenue of USD 41.1 million in 2019.
- The market is expected to grow at a CAGR of 29.8% from 2020 to 2027.
- In terms of segment, industrial was the largest revenue generating product in 2019.
- Industrial is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Japan is expected to register the highest CAGR from 2020 to 2027.
Asia Pacific data book summary
| Market revenue in 2019 | USD 41.1 million |
| Market revenue in 2027 | USD 330.8 million |
| Growth rate | 29.8% (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 |
| Key market players worldwide | NGK Insulators Ltd, Basf SE, Tokyo Electron Ltd, GE Aerospace, Hitachi Ltd, POSCO Holdings Inc ADR, Yageo Corp ADR, Sieyuan Electric |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 68.3% of the global sodium sulfur battery market in 2019.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2027.
- Latin America is the fastest growing regional market and is projected to reach USD 34.9 million by 2027.
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Sodium Sulfur Battery Market Scope
Sodium Sulfur Battery Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 81.75% in 2019. Horizon Databook has segmented the Asia Pacific sodium sulfur battery market based on private portable, industrial covering the revenue growth of each sub-segment from 2016 to 2027.
Asia Pacific is the one of the emerging regions in the world. With fast growing countries such as China and India, this region is expected to be the leader in various industry sectors such as manufacturing, IT, telecom and many more.
Asia Pacific region is prone to frequent power cuts, energy storage systems in applications such as UPS and data centers are of utmost importance here, in both, the commercial as well as residential sectors. Advantages of sodium sulfur batteries such as cost effectiveness, ecofriendly nature, and reliability have driven the market in this region.
However, the outbreak of COVID-19 in China and other countries in Asia Pacific, including India, Australia, Thailand, and Malaysia, has resulted in nationwide or partial lockdown in order to contain the coronavirus spread. The outbreak has also caused a sharp slowdown in manufacturing industries, which is expected to hinder the overall market growth.
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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 continent-level data and insights on the Asia Pacific sodium sulfur battery market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific sodium sulfur battery market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Asia Pacific sodium sulfur batteries market size, by country, 2016-2027 (US$M)
Asia Pacific Sodium Sulfur Battery Market Outlook Share, 2019 & 2027 (US$M)
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