North America Sodium Sulfur Battery Market Size & Outlook
North America sodium sulfur battery market, 2016-2027 (US$M)
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North America sodium sulfur battery market highlights
- The North America sodium sulfur battery market generated a revenue of USD 5.7 million in 2019.
- The market is expected to grow at a CAGR of 30.9% 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, U.S. is expected to register the highest CAGR from 2020 to 2027.
North America data book summary
| Market revenue in 2019 | USD 5.7 million |
| Market revenue in 2027 | USD 49.5 million |
| Growth rate | 30.9% (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, North America region accounted for 9.5% 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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North America 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 82.46% in 2019. Horizon Databook has segmented the North America sodium sulfur battery market based on private portable, industrial covering the revenue growth of each sub-segment from 2016 to 2027.
The sodium sulfur battery market in North America is dominated by the U.S. Batteries are the most commonly used energy storage systems in this region. The North American sodium sulfur battery market is characterized by growing demand for UPS systems, to maintain a continuous supply of power for commercial and industrial applications.
Growing demand for uninterrupted power, especially from commercial work stations coupled with rise in number of data centers in the forecast period, is expected to drive this market in the region in the foreseeable future. These factor would result data centers to continue their dominance as compared to application segments such as UPS, distributed energy generation, and transport.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America sodium sulfur battery market , including forecasts for subscribers. This continent databook contains high-level insights into North America sodium sulfur battery market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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North America sodium sulfur batteries market size, by country, 2016-2027 (US$M)
North America Sodium Sulfur Battery Market Outlook Share, 2019 & 2027 (US$M)
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