South Africa Sodium Sulfur Battery Market Size & Outlook
South Africa sodium sulfur battery market, 2016-2027 (US$M)
Related Markets
South Africa sodium sulfur battery market highlights
- The South Africa sodium sulfur battery market generated a revenue of USD 1.5 million in 2019 and is expected to reach USD 14.7 million by 2027.
- The South Africa market is expected to grow at a CAGR of 32.6% 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 1.5 million |
| Market revenue in 2027 | USD 14.7 million |
| Growth rate | 32.6% (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, South Africa accounted for 2.5% 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 Middle East & Africa, South Africa sodium sulfur battery market is projected to lead the regional market in terms of revenue in 2027.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 14.7 million by 2027.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Sodium Sulfur Battery Market Scope
Sodium Sulfur Battery Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa 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 86.67% in 2019. Horizon Databook has segmented the South Africa sodium sulfur battery market based on private portable, industrial covering the revenue growth of each sub-segment from 2016 to 2027.
Favorable government initiatives for green energy coupled with positive outlook towards renewable energy sources such as wind and solar energy is expected to aid in market expansion. Moreover, rising number of commercial and residential buildings in the country will spur the demand for NaS batteries in uninterrupted power supply system over the forecast period.
Establishment of wind farms under South African “Renewable Energy Independent Power Producer Procurement” has resulted wind energy projects which is expected to positively impact the demand for sodium sulfur batteries in UPS and energy storage systems.
Reasons to subscribe to South Africa sodium sulfur battery market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of South Africa sodium sulfur battery market databook
-
Our clientele includes a mix of sodium sulfur battery market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Africa sodium sulfur battery market , including forecasts for subscribers. This country databook contains high-level insights into South Africa sodium sulfur battery market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
Partial client list
South Africa sodium sulfur batteries market size, by product, 2016-2027 (US$M)
South Africa Sodium Sulfur Battery Market Outlook Share, 2019 & 2027 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
