Sodium Sulfur Battery Market Size, Share & Industry Analysis, By Application (Load Levelling, Ancillary Services, Renewable Energy Stabilization) and Regional Forecast, 2023-2030

Region : Global | Report ID: FBI101753 | Status : Ongoing

KEY MARKET INSIGHTS

Sustainable development is the primary goal of an international organization of the United Nations and several countries. Countries have promoted the use of alternative technologies to reduce carbon emissions to achieve goals of sustainable development. The use of energy storage technology can reduce emissions considerably. Utility-scale battery storage systems can play a part in achieving sustainable development.

Sodium sulfur battery is designed for bulk storage. This battery can be configured for large grid-scale deployment. Sodium sulfur batteries have a long cycle life as compared to other alternatives. Sodium sulfur operates a high temperature around 600 K to 650 K. Due to high-temperature operations, there a lot of safety issues with sodium-sulfur batteries.

Key Market Driver -

Key Market Driver – Regulatory push towards energy storage devices

Key Market Restraint -

Key Market Restraint – High initial cost and bulky systems

Based on the application, the sodium-sulfur battery market can be segmented into load levelling, ancillary services, and renewable energy stabilization. Among various application, renewable energy is expected to dominate the market in the forecast period.

The primary market driver for the global sodium-sulfur battery market is the regulatory push towards the use of energy storage devices to achieve sustainable development goals. Also, increasing awareness about decreasing carbon footprints is even driving the market growth of sodium-sulfur battery market. Key market restraint for the global sodium-sulfur battery market is the high initial cost and lack of awareness.

Key Players Covered:

Some of the notable companies in the global sodium-sulfur battery market are NGK Insulators, Ltd., BASF, Moris Technology Center, LLC, Eagle Picher Technologies LLC, and Ceramatec Inc.

Regional Analysis:

The global sodium-sulfur battery market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Japan, Germany, and USA are the top countries in the sodium-sulfur market. These countries have installed sodium-sulfur batteries for energy storage. Many of the projects are in the research, development and demonstration phase. The next breakthrough in sodium-sulfur batteries will come from these three countries.

To gain extensive insights into the market, Request for Customization

Europe has great potential for the sodium-sulfur battery market owing to a large number of renewable projects in the pipeline. Sodium sulfur batteries can be used along with renewable power plants for grid stabilization and excess power storage. Asia-Pacific has the highest potential for the sodium-sulfur battery. Although only Japan has sodium-sulfur battery installations, with increasing popularity of battery energy storage systems and reducing prices of sodium-sulfur batteries, installations of sodium-sulfur batteries will increase in no time.

Segmentation

ATTRIBUTE	DETAILS
By Application	Load Levelling Ancillary Services Renewable Energy Stabilization
By Geography	North America (USA and Canada) Europe (UK, Germany, France, Italy, Spain and Rest of Europe) Asia Pacific (China, India, Japan, Australia, Southeast Asia and Rest of Asia Pacific) Latin America (Brazil, Mexico and Rest of Latin America) Middle East & Africa (GCC, South Africa, and Rest of Middle East & Africa)

Key Industry Developments

In March 2019, Amplex-Emirates LLC was awarded a pilot project by Dubai’s Electricity & Water Authority to install a battery energy storage system at the Mohammed Bin Rashid Al Maktoum Solar Park in Dubai; the first energy storage system paired with a photovoltaic plant at a grid-scale level in the United Arab Emirates. NGK Insulators LTD supplied its sodium-sulfur batteries and Ingeteam was responsible for the supply of a 1.2 MW power conversion system with its medium-voltage components (power transformer, MV switchgear, etc.), and the power plant controller.

In August 2019, researchers at University of Texas, Austin have boosted the lifetime of sodium-sulfur batteries with the help of a novel solid electrolyte

REQUEST SAMPLE

SPEAK TO ANALYST

PUBLISHING STATUS: Ongoing
BASE YEAR: 2022
HISTORICAL DATA: 2019-2021

Personalize this Research

Granular Research on Specified Regions or Segments
Companies Profiled based on User Requirement
Broader Insights Pertaining to a Specific Segment or Region
Breaking Down Competitive Landscape as per Your Requirement
Other Specific Requirement on Customization

Energy & Power Clients

Client Testimonials

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- UGlobal hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry