Global Sodium Sulfur Battery Market Grows at a Staggering CAGR of 28.3%

Introduction

Multiple cylindrical cells are used in the construction of sodium sulphur batteries. The entire cell is shielded from the effects of internal corrosion by a chromium and molybdenum-lined steel shell that surrounds it. Sodium sulphur reactants have an operating temperature of around 300 degrees Celsius and a density output of more than 200-watt hours per pound or 400-watt hours per kilogramme.

The longevity and operating efficiency of sodium sulphur batteries may be significantly improved by the addition of electrodes, which also makes the batteries more powerful. Despite this, these batteries can catch fire and pose a danger if they come into touch with either air or moisture.

Market Dynamics

Improvement in the configuration of the electrolyte, separator, and cells

Electrolytes are important because they allow ions to move freely between the anode and the cathode. There is a direct correlation between the electrolyte that is used and the performance of the RT-Na/S battery. In most cases, a solid-state electrolyte is recommended rather than a liquid one since it reduces polysulfide dissolution as well as the shuttle phenomenon. The use of solid electrolytes, is troublesome due to the interfacial instability of the solid electrolytes and the restricted ionic conductivity of the solid electrolytes. More attention has to be paid to the fact that extreme solubility of intermediate polysulfides in liquid electrolytes is an important factor. It is necessary to do research on several different electrolytes in order to determine which electrolyte composition provides the highest electrochemical performance for RT-Na/S batteries.

Sodium Sulfur Battery Reduces Sealing Area While Permitting Volume Change of Electrodes During Cycling

The sodium sulphur battery is a popular design for the creation of practical batteries because it enables for the volume of the electrodes to fluctuate during cycling while simultaneously decreasing the area that has to be sealed. It illustrates a tubular sodium sulphur battery with a sodium electrode located in the core of the battery. The tubular design, in which the sodium is encased within the electrolyte tube, is the geometry that favours the central placement of sodium. Sodium sulphur batteries may be constructed using a variety of different designs, including the main sodium design, the centre sulphur geometry, and the planar design.

Demand for Electricity is on the Rise

Applications for energy storage systems (ESS) may be found at a variety of scales and phases, such as power generation, utility-scale, grid, and behind-the-meter use. Batteries find uses in industries ranging from commercial to domestic to utility-scale operations. In addition, energy storage batteries are utilised in the production of electric cars in addition to a variety of electronic products such as cell phones, laptops, and portable electronic gadgets. The ESS is applicable to every facet of life. Demand would rise for storage for energy losses, especially for portable batteries.

Regional Overview of Sodium Sulfur Battery Market

In 2019, the Asia Pacific region was responsible for the biggest revenue share at 68.27 percent, and it is anticipated that this region would have considerable increase throughout the projected period. The growing desire for electrification in rural regions, together with rising investments in expanding power generation capacity, will fuel the demand for storage batteries across the Asia Pacific region, leading to an increased demand for sodium sulphur batteries.

With more than 170 MW of installed capacity for sodium sulphur batteries by 2018, Japan leads the world in the adoption of these batteries. The region's major economies have been undergoing sustained modernization, which has resulted in an increased emphasis on grid stability and reliable power generation.

As a result of rising demand for NaS batteries, Europe is projected to experience significant growth in the years to come. It is anticipated that technological developments in terms of cost-effectiveness, better efficiency, and product innovation would contribute to the expansion of the regional market.

Key Highlights

• The global market for sodium sulfur battery was valued at USD 61.12 million in 2019 and is expected to reach USD 344.91 million in 2030 growing at a compound annual growth rate (CAGR) of 28.3% from 2020 to 2027.
• Improvement in the configuration of the electrolyte, separator, and cells will drive the market.
• Sodium Sulfur Battery Reduces Sealing Area While Permitting Volume Change of Electrodes During Cycling will drive the market.
• Demand for Electricity is on the Rise which will drive the market.
• The market may be broken down into several categories depending on the application, including supplementary services, load levelling, renewable energy stability, and others.
• The market for batteries may be divided into two categories—private portable batteries and industrial batteries—according to the product.
• From 2020 to 2027, the private portable product category would expand at a compound annual growth rate of 28.3 percent.
• In 2019, the Asia Pacific region was responsible for the biggest revenue share at 68.27 percent, and it is anticipated that this region would have considerable increase throughout the projected period.

Competitive Players

Competitors in Sodium Sulfur Battery Market

• NGK INSULATORS, LTD.
• BASF SE
• Tokyo Electric Power Company Holdings, Inc.
• EaglePicher Technologies
• GE Energy
• FIAMM Group
• KEMET Corporation
• POSCO
• Sieyuan Electric Co., Ltd.

Recent Developments

Recent development by Key Players

At BASF's Verbund location in Antwerp, Belgium, in October 2021, the energy storage system made up of four NAS battery containers integrated into the electrical grid was put into operation. BASF is a German chemicals firm.

A strategic cooperation was established by NGK and BASF SE in January 2020 to create the subsequent-generation NAS batteries. NGK's NAS batteries are already distributed by BASF, but the two companies have now formalised a joint development agreement (JDA) to create the NAS batteries of the future. The device will be developed by the two businesses using their combined technological competence, chemical knowledge, and battery design and production skills.

Segmentation

Segmentation of Sodium Sulfur Battery Market

By Application

• Renewable Energy Stabilization
• Load Levelling
• Ancillary services

By Product

• Private Portable
• Industrial

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East