The global sodium-ion battery market is projected to grow from USD 0.67 billion in 2025 to USD 2.01 billion by 2030, at a CAGR of 24.7% during the forecast period. The research report provides access to critical information such as sodium-ion battery market growth drivers, market growth restraints, current market trends and top 10 key players analysis. The market is expected to grow, fueled by their affordability compared to lithium-ion batteries. This makes them perfect for large-scale energy storage, especially with renewables like wind and solar needing solutions for fluctuating power. Their reliance on common sodium positions them as a more sustainable option, pushing the market forward due to the global focus on reducing our environmental impact.
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The automotive sodium-ion battery market, by end-use, is expected to be the fastest-growing market during the forecast period
Despite the energy storage sector driving the overall sodium-ion battery market, the automotive industry currently takes the lead in using these batteries. This dominance is attributed to their significant cost advantage compared to lithium-ion batteries in electric vehicles and their sufficient energy density for many everyday EV applications. This affordability opens doors to more budget-friendly EVs, potentially expanding the market and boosting overall demand for batteries. High demand is expected for the sodium-ion battery for the automotive sector during the forecast period.
The non-aqueous technology segment is projected to lead the global sodium-ion battery market during the forecast period
The non-aqueous technology is expected to be one of the major segments of the sodium-ion battery market. Factors driving this technology are organic solvents in these electrolytes which allow for higher voltages and thus greater energy density, perfect for electric vehicles needing extended range. They eliminate safety risks associated with water-based electrolytes and sodium metal and offer superior performance stability across varying temperatures, making them more reliable for demanding applications. While aqueous options are being explored due to their environmental benefits, these factors currently secure non-aqueous electrolytes, which supports the growth of the sodium-ion battery market.
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Asia Pacific is projected to be the largest sodium-ion battery market
Asia Pacific is the largest consumer of sodium-ion batteries, in terms of value. The market in the region is driven by a combination of factors, such as economic powerhouses like China and India, which are experiencing rapid growth, boosting the demand for electricity. The adoption of renewable energy is also on the rise, requiring efficient storage solutions that sodium-ion batteries can provide. Government backing in research and production further fuels the region’s leadership, while a growing population with disposable income fuels the electric vehicle market, another key application for these batteries that is expected to boost the market.
Sodium-ion Battery Companies
Some of the leading players in this market include Faradion (UK), Contemporary Amperex Technology Co., Ltd. (China), TIAMAT Energy (France), HiNa Battery Technology Co., Ltd. (China), Jiangsu Zoolnasm Energy Technology Co., Ltd. (China), NGK Insulators Ltd (Japan), Li-FUN Technology Corporation Limited (China), Zhejiang Natrium Energy Co., Ltd. (China), Natron Energy, Inc. (US), Jiangsu Transimage Sodium-lon Battery Technology Co., Ltd. (China) and Altris AB (Sweden), among others.
Faradion (UK)
Faradion is a subsidiary of Indian Reliance Industries and leads in the sodium-ion battery technology as the world’s first company manufacturing non-aqueous sodium-ion batteries. Its innovative solutions offer advantages over traditional lithium-ion and lead-acid batteries, delivering high performance at lower costs with enhanced safety features and a wider operating temperature range. Faradion’s sodium-ion batteries can be cycled to and stored at zero volts, ensuring safer cells and reduced costs. With impressive energy density, power capability, cycle life, and energy efficiency, these batteries find applications in energy storage, transportation, backup power, and remote energy needs. Reliance has acquired 100% stake in Faradion. It has a global presence across Europe, North America, South America, and Africa.
Contemporary Amperex Technology Co., Ltd. (China)
Contemporary Amperex Technology Co., Ltd. (CATL) specializes in the manufacture of sodium-ion batteries. CATL is a global leader in new energy technologies, specializing in EV and energy storage batteries. With a focus on replacing fossil fuels, CATL promotes the adoption of clean energy and electrification intelligence. Offering high energy density, long life cycles, and safety features, CATL’s EV batteries are customizable to meet diverse customer needs. Its energy storage batteries support the integration of renewable energy and various applications. Through battery material recycling, CATL ensures resource sustainability. The company has also released its first-generation sodium-ion battery. Currently it has a target of a 20 GWh production capacity by 2030. The company operates five sodium-ion battery research & development centers, four in China and one in Europe. The company also operates 13 production bases with a presence across the Asia Pacific, Europe, and North America.
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TIAMAT Energy (France)
TIAMAT Energy provides pioneering inventive solutions for energy storage needs. Focused on design, development, and production, TIAMAT specializes in leveraging the Na-ion technology within its 18650 cells, offering exceptional attributes for power demands, rapid charging, and prolonged cycle longevity. TIAMAT Energy focuses on designing, developing, and manufacturing sodium-ion batteries for mobility and stationary energy storage. They emphasize the stability, simplicity, safety, speed, and performance of their battery technology. Its features include fast charging in 5 minutes, high power density ranging from 2-5kW/kg, a long lifetime of 5,000+ cycles up to 80% of capacity, and a high level of safety. TIAMAT Energy’s product portfolio includes innovative solutions for energy storage applications, focusing on the sodium-ion battery technology. At the end of 2023, TIAMAT Energy initiated its first 6 GWh-scale sodium-ion battery production line, and an additional 6 GWh is expected by 2030. The company has a presence only across Europe.
Hina Battery Technology Co., Ltd. (China)
HiNa Battery Technology Co., Ltd. is a pioneering manufacturing company dedicated to the advancement and production of sodium-ion batteries. With a specialized focus on sodium-ion technology, HiNa Battery is at the forefront of innovation in the energy storage industry. It operates through three business segments, namely, Energy Storage Systems, Research & Development, and Market Focus. The Energy Storage Systems segment manufactures a new generation of energy storage systems, particularly sodium-ion batteries. It serves various industries, including chemical and automotive.
Jiangsu Zoolnasm Energy Technology Co., Ltd (China)
Jiangsu Zoolnasm Energy Technology Co Ltd. focuses on the development and production of sodium-ion batteries. Founded in January 2021 and located in Suzhou, Jiangsu province in China, the company is at the forefront of the sodium-ion battery technology. Zoolnasm’s sodium-ion battery manufacturing base project in Guangde, Anhui province, marks an important milestone for the industry, being the world’s first mass production base for polyanionic sodium iron sulfate sodium-ion batteries.
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