Faradion stated that their first sodium-ion battery had been successfully installed at a trail site in the Yarra Valley of New South Wales, Australia.
A leader in sustainable technologies, Johnson Matthey (JM), announced that it has reached an agreement to sell a portion of its Battery Materials business to EV Metals Group, a leading provider of battery chemicals and technology worldwide.
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 5334
Published Date: Oct 19, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
The major factors driving the growth of the market are requires low cost in production of sodium, rising construction of offshore wind power, rising construction of offshore wind power, surge in use of portable electronic gadgets, and surge in industry mobility.
The market size of sodium-air battery is anticipated to attain a CAGR of 7% over the forecast period, i.e., 2024-2036.
The major players in the market are IBM Corporation, Solid Power, Sion Power Corporation, Faradion, and others.
The utility energy storage segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.
The market in the North America region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.