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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.
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.
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.
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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.
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