Global Sodium Ion Battery Market Research and Forecast, 2018-2023

INDORE, India - March 12, 2019 - PRLog -- "Growing demand for EVs (electric vehicles) across the globe and cohesive government regulations are expected to provide lucrative opportunity for the sodium ion battery market".

According to OMR analysis, the global sodium ion battery market is estimated to grow significantly during the forecast period 2018-2023. The factors which are expected to propel the growth of the market include increasing demand of rechargeable batteries in surging consumer electronics industry, abundance of sodium metal, and stringent government regulations to control environmental pollution. Moreover, lower cost of sodium ion batteries coupled with large-scale power storage make them better alternative for lithium-ion batteries. In addition, technological advancements along with surging electric vehicle market are expected to provide significant opportunities to the market.

Furthermore, the global sodium ion market is segmented on the basis of type, end-user and regional outlook. The report provides detailed & insightful chapters which include market overview, key findings, strategic recommendations, market estimations, market determinants, key company analysis, market insights, company profiling, market segmentation, geographical analysis, analyst insights and predictive analysis of the market.

Global sodium ion battery market is significantly increasing owing to rising demand for consumer electronics such as cameras, laptops, toys and smart devices across the globe. The other factors that are augmenting the growth of the market includes low cost of these batteries as compared to other batteries available such as lithium ion batteries. These batteries are comparatively of lower cost with high power density and high energy density. Moreover, the cost of sodium ion battery per storage capacity is much lower. In addition, abundance of sodium is natural and its geographical presence is not limited as that of lithium; that is one of the major factors for the increasing growth of the market.

Additionally, growing electric vehicles market is further likely to fuel the growth of the global sodium ion battery market. Support of government play a vital role in the growth of the electric vehicle market. For instance, the nation is providing tax rebate to the vehicles, as in China, the electric vehicles have exemptions from license plate access restrictions, have access to bus lane, exemption from access restrictions at peak times, free charging, free parking and so forth. The sodium ion batteries are being used in electrical vehicles specially sodium nickel chloride battery. So, the increase in the electric vehicle market will augment the growth of the sodium ion battery market.

The key companies in the global sodium ion battery market include Aquion Energy, Faradion Ltd., AES Energy storage, and so on. These companies are involved in adopting strategies such as mergers and acquisitions, innovation in the existing product, collaboration, partnership, and so forth. For instance, Faradion Ltd., started a partnership in March 2016, with Moixa Technology and WMG for manufacturing sodium ion cells which was funded by the innovation agency of UK, Innovate UK.

The report covers
Comprehensive research methodology of global sodium ion battery market.
This report also includes a detailed and extensive market overview with analyst insights & key market trends.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global sodium ion battery market.
Insights about market determinants which are stimulating the global sodium ion battery market.
Detailed and extensive market segments with regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.

Full report of global sodium ion batteries market is available at https://www.omrglobal.com/industry-reports/sodium-ion-bat...

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