Europe Sodium Sulfur Battery Market Size & Outlook
Europe sodium sulfur battery market, 2016-2027 (US$M)
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Europe sodium sulfur battery market highlights
- The Europe sodium sulfur battery market generated a revenue of USD 6.7 million in 2019.
- The market is expected to grow at a CAGR of 26.7% 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, Germany is expected to register the highest CAGR from 2020 to 2027.
Europe data book summary
| Market revenue in 2019 | USD 6.7 million |
| Market revenue in 2027 | USD 44.7 million |
| Growth rate | 26.7% (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, Europe region accounted for 11.2% 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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Europe 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 82.09% in 2019. Horizon Databook has segmented the Europe sodium sulfur battery market based on private portable, industrial covering the revenue growth of each sub-segment from 2016 to 2027.
Europe is one of the most developed regions in the world which has always promoted energy generation through clean energy sources. Germany, UK, Spain, France, and Italy are some of the biggest markets for energy storage in this region, which are driving sodium sulfur battery market here.
The German market is expected to witness reasonable growth over the forecast period owing to the increasing usage of batteries in energy storage systems, off-grid network, and consumer electronics. Germany is the world’s leading market for energy storage systems and development of renewable energies.
The NaS battery market in Europe is likely to witness slow growth owing to various factors such as stalled industrial output caused by the COVID-19 pandemic, rising unemployment, and the debt crisis. However, a positive outlook across Eastern Europe, in terms of consumerism and manufacturing, is expected to drive the market for sodium sulfur battery.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe sodium sulfur battery market , including forecasts for subscribers. This continent databook contains high-level insights into Europe sodium sulfur battery market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Europe sodium sulfur batteries market size, by country, 2016-2027 (US$M)
Europe Sodium Sulfur Battery Market Outlook Share, 2019 & 2027 (US$M)
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