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Latin America (LATAM) Sodium-Nickel Chloride Battery Market Segmentation by Power Capacity (Below 200kW, 200-400kW, and Above 400kW); by Application {Transportation (Electric Vehicles, Hybrid Electric Vehicles), Stationary Applications (Residential & Commercial UPS, Grid Support, Micro-Wind Turbines, Others)} – Demand Analysis & Opportunity Outlook 2028

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Extensive insights into the Growth of Latin America (LATAM) Sodium-Nickel Chloride Battery Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Latin America (LATAM) Sodium-Nickel Chloride Battery Market 2019-2028

The Latin America (LATAM) sodium-nickel chloride battery market is anticipated to grow with a CAGR of 42.9% throughout the forecast period, i.e., 2021-2028. The market attained revenue of USD 0.811 Million in 2019 and is estimated to garner USD 11.269 Million in 2028. The growing demand for reliable and uninterrupted power supply from various end-use sector, which has raised the need to develop effective and resilient energy storage systems, coupled with the rising demand for energy storage systems from the end-use sectors, such as automotive, stationary backup and on-grid/off-grid energy storage application among others, are some of the major factors anticipated to drive the growth of the market. The LATAM region is estimated to observe growth in the solar capacity by a factor of 40 by 2050 and reach a capacity of around 300GW. Moreover, Chile, Brazil, and Mexico are some of the key countries in the region which has emerged as key markets for both renewable energy generation and development of energy storage systems. Further, the region also holds several electro-corridors for electric vehicles, which is also anticipated to contribute to the growth of the market in the coming years.

Latin America (LATAM) Sodium-Nickel Chloride Battery Market

Latin America (LATAM) Sodium-Nickel Chloride Battery Market Geographical Synopsis

Amongst the countries in Latin America, Brazil recorded the highest market share in the year 2019 and is projected to reach USD 5.512 Million by the end of 2028. The country is also projected to grow with the highest CAGR of 43.3% during the forecast period. The growth of the market in Brazil can be attributed to the increasing awareness for energy storage systems among the end-users, along with the growing number of electric vehicles in the country. Additionally, increasing focus of the nation for renewable power generation sources is also anticipated to contribute to the market growth. Electricity generation from wind power in Brazil constitutes to around 56% of the total renewable power generation in the nation. Moreover, supportive policies and regulatory frame in the nation for the adoption of electric vehicles is also anticipated to contribute to the market growth. CLICK TO DOWNLOAD SAMPLE REPORT

Growth Drivers and Challenges Impacting the Growth of the Latin America (LATAM) Sodium-Nickel Chloride Battery Market

Growth Drivers

  • Rapidly Increasing Demand for Efficient Energy Storage Technologies
  • Growing Demand for Batteries for Use in Energy Storage Devices from the End-Use Sectors

Challenges

  • High Cost of Sodium-Nickel Chloride Batteries
  • Lesser Expected Life Cycle of the Batteries

Latin America (LATAM) Sodium-Nickel Chloride Battery Market Segmentation Synopsis

The Latin America (LATAM) sodium-nickel chloride battery market is segmented by power capacity into below 200kW, 20-400kW, and above 400kW. Among these segments, the below 200kW segment is anticipated to hold the largest market share by the end of 2028. Alternatively, the above 400kW segment is projected to grow with the highest CAGR of 142.7% during the forecast period. The market is also segmented by application into transportation and stationary applications, out of which, the stationary applications segment is projected to hold a value of USD 9.528 Million by the end of 2028.

Latin America (LATAM) Sodium-Nickel Chloride Battery Market

Key Companies Dominating the Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the Latin America (LATAM) sodium-nickel chloride battery market that are included in our report are FZSONICK S.A., Chilwee Group Co., Ltd., Lina Energy Ltd, Battery Consult AG, Beta Research Ltd, and others.

Key Reasons to Buy Our Report

  • The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.
  • It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.
  • The report includes detailed company profiles of the major players dominating the market.
  • We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.
  • We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

FREQUENTLY ASKED QUESTIONS

  1. Introduction
    1. Market Definition
    2. Market Segmentation
    3. Product Overview
  2. Assumptions and Acronyms
  3. Research Methodology
    1. Research Process
    2. Primary Research
    3. Secondary Research
    4. Market Size Estimation
  4. Executive Summary - Latin America (LATAM) Sodium-Nickel-Chloride Battery Market
  5. Market Lineage
    1. Production Outlook
    2. Consumption Outlook
    3. LATAM Battery Market: Competitive Outlook
    4. Trade Outlook
    5. New Battery Technologies vs Conventional Battery Technologies
  6. Regulatory Landscape
  7. Raw Material Outlook
    1. Production & Consumption Trends
    2. Production & Consumption Trends
    3. Raw Material Price Trend Analysis
    4. Key Raw Material Suppliers
  8. Market Dynamics
    1. Drivers
    2. Restraints
    3. Trends
    4. Opportunities
  9. Impact of Covid-19 on the LATAM Sodium-Nickel-Chloride Battery Market
  10. Pestel Analysis
  11. R&D Development & Investment Outlook
  12. Competitive Landscape
    1. Company Profiles
    2. Fzsonick S.A.
    3. Chilwee Group Co., Ltd
    4. Lina Energy Ltd
    5. Battery Consult Ag
    6. Beta Research Ltd
  13. LATAM Sodium-Nickel-Chloride Battery Market
    1. By Value (USD Million), 2019-2028F
    2. By Volume (No. Of Cells), 2019-2028F
    3. Market Overview
    4. Market Segmentation
    5. By Power Capacity
    6. Below 200 Kw, 200-400 Kw, Above 400kw, 2019-2028F (USD Million)
    7. By Application
    8. Transportation (Electric Vehicles [Passenger Cars, Buses, Others], Hybrid Electric Vehicles [Trucks, Buses, Others]); Stationary Applications (Residential & Commercial Ups, Grid Support, Micro-Wind Turbines, Others), 2019-2028F (USD Million)
    9. By Country
    10. Brazil, Mexico, Rest of Latin America, 2019-2028F (USD Million)
  14. Brazil Sodium-Nickel-Chloride Battery Market
    1. By Value (USD Million), 2019-2028F
    2. By Volume (No. Of Cells), 2019-2028F
    3. Market Overview
    4. Assessment of Macroeconomic Factors
    5. Market Analysis by Supply Chain
    6. Brazil Market Trends Outlook
    7. Price Trend Analysis
    8. Market Segmentation
    9. By Power Capacity
    10. Below 200 Kw, 200-400 Kw, Above 400kw, 2019-2028F (USD Million)
    11. By Application
    12. Transportation (Electric Vehicles [Passenger Cars, Buses, Others], Hybrid Electric Vehicles [Trucks, Buses, Others]); Stationary Applications (Residential & Commercial Ups, Grid Support, Micro-Wind Turbines, Others), 2019-2028F (USD Million)
  15. Mexico Sodium-Nickel-Chloride Battery Market
    1. By Value (USD Million), 2019-2028F
    2. By Volume (No. Of Cells), 2019-2028F
    3. Market Overview
    4. Assessment of Macroeconomic Factors
    5. Price Trend Analysis
    6. Market Segmentation
    7. By Power Capacity
    8. Below 200 Kw, 200-400 Kw, Above 400kw, 2019-2028F (USD Million)
    9. By Application
    10. Transportation (Electric Vehicles [Passenger Cars, Buses, Others], Hybrid Electric Vehicles [Trucks, Buses, Others]); Stationary Applications (Residential & Commercial Ups, Grid Support, Micro-Wind Turbines, Others), 2019-2028F (USD Million)
  16. Rest of LATAM Sodium-Nickel-Chloride Battery Market
    1. By Value (USD Million), 2019-2028F
    2. By Volume (No. Of Cells), 2019-2028F
    3. Assessment of Macroeconomic Factors
    4. Price Trend Analysis
    5. Market Segmentation
    6. By Power Capacity
    7. Below 200 Kw, 200-400 Kw, Above 400kw, 2019-2028F (USD Million)
    8. By Application
    9. Transportation (Electric Vehicles [Passenger Cars, Buses, Others], Hybrid Electric Vehicles [Trucks, Buses, Others]); Stationary Applications (Residential & Commercial Ups, Grid Support, Micro-Wind Turbines, Others), 2019-2028F (USD Million)
  17. Analyst’s Review

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