Research Nester assesses the growth and market size of global sodium air battery market which is anticipated to be on account of the growing demand for electric vehicles.

Research Nester’s recent market research analysis on “Sodium Air Battery Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global sodium air battery market in terms of market segmentation by electrolyte, end-use and by region.

Requires Low Cost in Production of Sodium to Boost the Growth of Global Sodium Air Battery Market
The global sodium air battery market is set to grow on account of low cost in production of sodium. The fact that sodium is widely dispersed in both seawater and the crust of the planet makes it a substance that is simple to get your hands on. Compared to lithium, sodium can be extracted and purified less easily and in greater amounts from the earth's crust. As a result, sodium-ion battery prices decline, lowering the overall cost of goods, including daily-use electric cars. So, the sodium air battery market is expanding in revenue.
Additionally, to reduce carbon emissions from the usage of petrol, there has been a considerable drive to electrify transportation in recent years. Governments have reacted to the ongoing threat posed by climate change to our planet's natural resources by pushing the sale of electric vehicles and implementing stronger environmental regulations regarding alternative energy sources in order to reduce dependency on fossil fuels. The use of sodium air batteries will likely increase as the emphasis on renewable energy sources increases. In addition to being more ecologically friendly, this technology has the potential to offer capacities that are far greater than those of traditional lithium-ion batteries.
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Some of the major growth factors and challenges that are associated with the growth of the global sodium air battery market are:
Growth Drivers:
• Growing Construction of Offshore Wind Power
• Rise in the Use of Portable Electronic Gadgets

Challenges:
Sodium-ion batteries have a lower energy density than other popular batteries, such as lithium batteries, which means they can store less energy per unit weight. This is one of its main shortcomings. They are also less effective and efficient over the long term. This factor is therefore expected to limit market growth in the forecast term.

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By end-use, the market for sodium air battery is segmented into utility energy storage, automotive, defense, consumer electronics, power, and others. Out of these, the utility energy storage segment is estimated to capture the highest revenue of about 35% over the forecast period. However, the consumer electronics segment is also estimated to rise. Smartphones, laptops, tablets, e-readers, MP3 players, and other portable electronic devices are examples. The market demand for sodium air batteries is growing because these devices are also anticipated to be lightweight. This is due to the fact that this battery is anticipated to feature a high-density energy storage mechanism in addition to its low weight.

By region, the market in Asia Pacific for sodium air battery is also projected to grow over the forecast period. Especially in India, China, and other Southeast Asian nations such as Japan, Korea, Indonesia, and Malaysia, the market for sodium air batteries in the power production and transportation sectors will grow in order to minimize emissions.

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This report also provides the existing competitive scenario of some of the key players of the global sodium air battery market which includes company profiling of IBM Corporation, Solid Power, Sion Power Corporation, Faradion, Johnson Matthey, PolyPlus Battery Company, NOHMs Technologies, Echogen Power Systems, LLC, WattJoule Corporatioh, Sakti3, and others.

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