Sodium-ion Battery Market Size

Sodium-ion Battery Market size is evaluated at USD 1.1 billion in 2024 and is poised to exceed USD 9.3 billion by the end of 2037, witnessing over 19.5% CAGR during the forecast period i.e., between 2025-2037. In 2025, the industry size of sodium-ion battery is assessed at 1.3 billion.

The global demand for sodium-ion batteries is primarily driven by their scalability, sustainability, and cost-effectiveness. The emergence of sodium-ion batteries as an eco-friendly alternative to lithium-ion batteries is expected to make them a key energy storage solution in the coming years.

Key players in the sodium-ion battery market and research organizations are collaborating to develop advanced sodium-ion battery solutions. Leading companies are also investing heavily in research and development activities to develop high-performance sodium-ion batteries. For instance, according to an analysis by scientists and engineers from Polymer Science and Materials Chemistry, sodium-ion (Na-ion) batteries are emerging as a potential disruptor of lithium-ion batteries and are expected to outpace solid-state batteries and solid-anode batteries in the coming 10 years.

The majority of governments across the world are emphasizing the sustainability trend and this is pushing the demand for eco-friendly energy storage solutions such as sodium-ion batteries. The growing popularity of electric vehicles in the view to reduce carbon footprint is also driving the sales of sodium-ion batteries as a promising powering solution to these vehicles as they aid in quick charging and mitigating greenhouse emissions.