Sodium-air Battery Market Analysis

Electrolyte (Aqueous, Non-Aqueous)

The non-aqueous segment is projected to account for 60% share of the global sodium-air battery market during the forecast period. This could be on account of the wider liquid range offered by non-aqueous electrolytes. Moreover, it also consists of a greater voltage window which makes it fit for a sodium-air battery as compared to an aqueous electrolyte. Hence, with this adoption, the sodium-air battery could be able to store large amounts of energy. As a result, the demand for this segment is surging.

End-Use (Utility Energy Storage, Automotive, Defense, Consumer Electronics, Power)

The utility energy storage segment is estimated to garner the largest share in the sodium-air battery market at about 35% by 2037. The major factor driving the segment growth is rising investment in grid infrastructure for renewable energy. For instance, the has been growth in overall investment which consists of about USD 3 trillion for system maintenance and approximately USD 16 trillion for infrastructure expansion to accommodate increased power generation and demand. Moreover, the amount invested annually also triples from close to USD 273 billion in 2022 to over USD 871 billion in the ten years before 2050. Moreover, there are many rural regions where the supply of electricity is difficult. Therefore, there are certain sustainable energy projects taking place. However, dependence on lithium-ion batteries could hinder these projects since lithium needs to be exported from other parts of countries as it is not available in abundance. As a consequence, the demand for sodium-ion batteries is surging in order to provide utility energy storage in rural parts.

Our in-depth analysis of the global market includes the following segments: