Sodium nickel chloride battery was introduced for electric vehicles over the last decade. The rapid burgeoning number of electric vehicles (EVs) on the road is one of the essential driving engines for the sodium nickel chloride battery cathode market growth. With the increasing production of EVs and plug-in vehicles across the world, the global demand for sodium nickel chloride battery is expected to surge in the coming decade.
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Currently, sodium nickel chloride battery is available for electric vehicles, railway backup stationary backup, and on-grid/off-grid energy storage applications. Sodium nickel chloride battery was first introduced in the automotive industry. The leading manufacturer in the global sodium nickel chloride battery market are Europe and US-based. The manufacturers are engaged in increasing the lifecycle of sodium nickel chloride battery through design enhancement, which includes new glass material with more corrosion resistance.
The improvement in unconventional energy storage technologies is one of the key areas of focus of a number of battery stakeholders. Modern consumers are opting for superior battery-operated products with improved features such as high energy storage and increased speed of charging. This is one of the essential factors to bolster adoption of the latest technologies in the manufacturing of sodium nickel chloride battery.
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With the adoption of next-generation energy storage technologies, manufacturers are aiming to introduce more sodium nickel chloride battery with extended battery life and improved efficiency of energy-storing capability. Consequently, increasing applications of sodium nickel chloride battery are catalyzing the growth of the global market in the forecast period.
Boom in the Automotive Industry Expected to Amplify Overall Demand for Sodium Nickel Chloride Battery
Increasing production of automobiles will directly influence the demand for batteries, which in turn will amplify the growth of the sodium nickel chloride battery market. The growing global economy has urged the market to shift to highly efficient and abundant energy storage materials and batteries. The rising disposable income of the middle-class population in emerging economies leads to the automotive production and is expected to boost the global sodium nickel chloride battery market growth. The rapid urbanization in emerging economies have increased the sale of automotive and a shift towards electric vehicles is anticipated to grow the global sodium nickel chloride battery market in the near future.
Sodium Nickel Chloride Battery Market Segmentation
The global sodium nickel chloride battery market can be segmented on the basis of power and application
On the basis of power the sodium nickel chloride battery market is segmented as;
- 100 – 300 kW
- 300 – 600 kW
- 600 – 900 kW
- More than 900 kW
On the basis of application the sodium nickel chloride battery market is segmented as;
- Residential and commercial buildings
- Electric Vehicles
- Distribution grids
- Transmission grids
- Data Centers
Sodium Nickel Chloride Battery Market Regional Outlook
Geographically, the sodium nickel chloride battery market has been categorized into seven prominent regions, including North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East and Africa. The current scenario in North America has all the characteristics of a Goldilocks economy. On the basis of most economic indicators, primarily the GDP, the economic activity in North America is likely to witness a moderate growth in the sodium nickel chloride battery market during forecast years. The demand for electric vehicles in the North America region has led to sodium nickel chloride battery manufacturers to expand their production capacity
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. Electric vehicle battery is expected to receive a boost owing to the changing preference of the general population towards electric vehicles. As a result of changing preference, the European market is likely to witness the demand for sodium nickel chloride battery material during the forecast period. The presence of key manufacturers in East Asian countries is expected to create lucrative market opportunities in the sodium nickel chloride battery market during the forecast period.
Sodium Nickel Chloride Battery Key Market Players
The key players in the sodium nickel chloride battery market are mentioned below.
- JL Sudworth
- Johan Coetzer
- Zebra Technologies
- Gunnar Musan
- Chowei Group
- Akkumulatorenfabrik Moll GmbH
- Banner GmbH
- BM Rosendahl
- Hoppecke Batterien
- Midac SpA
- Yuasa Battery Limited
The research report presents a comprehensive assessment of the sodium nickel chloride battery market and contains thoughtful insights, facts, and historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to the sodium nickel chloride battery market segments such as geographies, application and industry.
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