Sodium-air Battery Market - Regional Analysis
North American Market Insights
The North America region sodium-air battery market is poised to gather the highest share of approximately 35% during the forecast period. The growth of the market in this region is set to be influenced by growing government investment in wind energy. In 2021, the U.S. wind sector built 13,413 megawatts (MW) of additional wind capacity, bringing the total installed wind capacity to 135,886 MW. With an investment of USD 20 billion, this is the second-greatest amount of wind capacity set up in a single year (after 2020). Moreover, if present and future capacity expansion plans continue as planned, wind power could produce approximately 39 percent of North America's electricity by 2050 and solar power another about 31%.
European Market Insights
The sodium-air battery market in Europe is also projected to experience the significant growth during the coming years. The market in this region is growing on account of rising government strict regulations to lower the carbon emission and achieve zero emission target in coming years. Additionally, this region consists of large number of key players involved in field of manufacturing sodium-air battery. As a result, the market in this region is facing upward movement.
