Japan Sodium Sulfur Battery Market Size & Outlook
Japan sodium sulfur battery market, 2016-2027 (US$M)
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Japan sodium sulfur battery market highlights
- The Japan sodium sulfur battery market generated a revenue of USD 31.9 million in 2019 and is expected to reach USD 265.2 million by 2027.
- The Japan market is expected to grow at a CAGR of 30.3% 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 31.9 million |
| Market revenue in 2027 | USD 265.2 million |
| Growth rate | 30.3% (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, Japan accounted for 53.1% 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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Japan 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 81.82% in 2019. Horizon Databook has segmented the Japan sodium sulfur battery market based on private portable, industrial covering the revenue growth of each sub-segment from 2016 to 2027.
Japan is one of the leading country which started investing and carrying our research and development of NaS batteries in the 1980’s. Tokyo Electric Power Co. (TEPCO) favored the use of NaS battery because all its component elements (sodium, sulfur and ceramics) are abundant in Japan. After carrying out numerous pilot projects, the NaS battery was commercially available in 2000 in Japan.
The Japanese energy storage market received a tremendous boost in 2015 when the Japanese Ministry of Economy, Trade and Industry (METI) decided to allocate USD 700 million for the deployment of energy storage projects in the country. Advantages of sodium sulfur batteries such as low maintenance and longer life have resulted in growing popularity of these energy storage systems.
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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 Japan sodium sulfur battery market , including forecasts for subscribers. This country databook contains high-level insights into Japan sodium sulfur battery market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Japan sodium sulfur batteries market size, by product, 2016-2027 (US$M)
Japan Sodium Sulfur Battery Market Outlook Share, 2019 & 2027 (US$M)
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