From GlobeNewswire: 2024-11-19 08:30:00

The sodium ion battery market is projected to reach USD 1.81 billion by 2032, driven by a growing demand for cost-effective and sustainable energy solutions. Advancements in technology aim to improve energy density and cycling stability, making sodium-ion batteries suitable for stationary storage and electric vehicles.

Aqueous sodium-ion batteries are expected to witness a CAGR of over 28% through 2032 due to enhanced safety features and cost-efficient solutions for large-scale energy storage applications. The energy storage sector is forecasted to exceed USD 1.56 billion by 2032, with sodium-ion batteries offering cost-effective and safe options for utilities and renewable energy projects.

The Asia Pacific sodium ion battery market is anticipated to reach USD 998 million by 2032, fueled by the region’s abundant sodium resources and the need for affordable and sustainable energy storage solutions. Sodium-ion batteries offer a reliable alternative to lithium and cobalt, reducing reliance on imported materials and enhancing energy storage capabilities in developing markets.



Read more at GlobeNewswire: Sodium Ion Battery Market to hit USD 1.81 Bn By 2032, Says