Brazil Sodium Sulfur Battery Market Size & Outlook
Brazil sodium sulfur battery market, 2016-2027 (US$M)
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Brazil sodium sulfur battery market highlights
- The Brazil sodium sulfur battery market generated a revenue of USD 1.8 million in 2019 and is expected to reach USD 16.2 million by 2027.
- The Brazil market is expected to grow at a CAGR of 31.5% 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.
Sodium sulfur battery market data book summary
| Market revenue in 2019 | USD 1.8 million |
| Market revenue in 2027 | USD 16.2 million |
| Growth rate | 31.5% (CAGR from 2019 to 2027) |
| Largest segment | Industrial |
| Fastest growing segment | Industrial |
| Historical data | 2016 - 2018 |
| Base year | 2019 |
| Forecast period | 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, Brazil accounted for 3.0% of the global sodium sulfur battery market in 2019.
- Country-wise, Japan is expected to lead the global market in terms of revenue in 2027.
- In Latin America, Brazil sodium sulfur battery market is projected to lead the regional market in terms of revenue in 2027.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 16.2 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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Brazil 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 83.33% in 2019. Horizon Databook has segmented the Brazil sodium sulfur battery market based on private portable, industrial covering the revenue growth of each sub-segment from 2016 to 2027.
Commercial, residential and grid storage are expected to witness significant growth on account of various factors including industrialization, urbanization and increased disposable income in the developing countries coupled with favorable regulations to attract investments is expected to have augment market.
Application of sodium sulfur batteries in off-grid renewable market can be subdivided into various submarkets which include off-grid photovoltaic, off-grid wind and hybrid systems. NaS batteries are suitable for these applications as large wind and solar projects don’t have weight, space, storage capacity constraints.
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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 country-level data and insights on the Brazil sodium sulfur battery market , including forecasts for subscribers. This country databook contains high-level insights into Brazil sodium sulfur battery market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Brazil sodium sulfur batteries market size, by product, 2016-2027 (US$M)
Brazil Sodium Sulfur Battery Market Outlook Share, 2019 & 2027 (US$M)
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