Canada Sodium Sulfur Battery Market Size & Outlook
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Canada sodium sulfur battery market highlights
- The Canada sodium sulfur battery market generated a revenue of USD 1.9 million in 2019 and is expected to reach USD 10.6 million by 2027.
- The Canada market is expected to grow at a CAGR of 23.8% 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.
Sodium sulfur battery market data book summary
| Market revenue in 2019 | USD 1.9 million |
| Market revenue in 2027 | USD 10.6 million |
| Growth rate | 23.8% (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, Canada accounted for 3.2% 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 North America, U.S. sodium sulfur battery market is projected to lead the regional market in terms of revenue in 2027.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 38.9 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 |
Canada 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 84.21% in 2019. Horizon Databook has segmented the Canada sodium sulfur battery market based on private portable, industrial covering the revenue growth of each sub-segment from 2016 to 2027.
Shifting consumer preference towards renewable energy generation on account of environmental protection is expected to augment solar PV market growth. Increasing consumer awareness regarding environmental protection is expected to result in development of sustainable energy and reduced carbon emission which is expected to augment solar PV market growth.
The rise in the deployment of renewable energy in the country’s power sector is expected to enhance the utilization of frequency regulation and energy storage applications in the country. These factors would aid in the growth of NaS battery market in the country in the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada sodium sulfur battery market , including forecasts for subscribers. This country databook contains high-level insights into Canada sodium sulfur battery market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Canada sodium sulfur batteries market size, by product, 2016-2027 (US$M)
Canada Sodium Sulfur Battery Market Outlook Share, 2019 & 2027 (US$M)
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