China Sodium Sulfur Battery Market Size & Outlook
China sodium sulfur battery market, 2016-2027 (US$M)
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China sodium sulfur battery market highlights
- The China sodium sulfur battery market generated a revenue of USD 3.2 million in 2019 and is expected to reach USD 23.1 million by 2027.
- The China market is expected to grow at a CAGR of 28.1% 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 3.2 million |
| Market revenue in 2027 | USD 23.1 million |
| Growth rate | 28.1% (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, China accounted for 5.3% 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 Asia Pacific, Japan sodium sulfur battery market is projected to lead the regional market in terms of revenue in 2027.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 265.2 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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China 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 81.25% in 2019. Horizon Databook has segmented the China sodium sulfur battery market based on private portable, industrial covering the revenue growth of each sub-segment from 2016 to 2027.
China is expected to be one of the promising markets considering energy storage technologies and favorable government support to promote investments in manufacturing sectors. Growing popularity of sodium sulfur batteries by applications including grid stability and power backup solutions are expected to augment market size over the forecast period.
Low cost and long-life span of batteries has helped for their high demand in the industrial market which is expected to propel industry growth over the forecast period. Increasing electricity generation in the country is expected to spur the demand for energy storage systems which in turn will fuel the demand for sodium sulfur battery market.
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Target buyers of China sodium sulfur battery market databook
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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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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the China sodium sulfur battery market , including forecasts for subscribers. This country databook contains high-level insights into China sodium sulfur battery market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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China sodium sulfur batteries market size, by product, 2016-2027 (US$M)
China Sodium Sulfur Battery Market Outlook Share, 2019 & 2027 (US$M)
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