Sodium-Ion Batteries Industry Report 2025-2034 Featuring Key Players - Natron Energy, Ben'an Energy Technology, Faradion, Aquion Energy, and Altris

The sodium-ion batteries market is set for substantial growth due to rising renewable energy adoption, such as solar and wind, and increasing demand for low-speed electric vehicles. By 2030, India's grid storage battery demand could hit 260 GWh as the nation targets 50% renewable energy. Sodium-ion batteries, with benefits like enhanced safety and cost-effectiveness, face R&D challenges but promise significant potential. With innovations and industry collaborations, this market could rival lithium-ion technology soon, particularly in regions focusing on sustainable energy solutions.

Dublin, May 26, 2025 (GLOBE NEWSWIRE) -- The "Sodium-Ion Batteries Market - A Global and Regional Analysis: Focus on Technology, Application, and Region - Analysis and Forecast, 2025-2034" report has been added to ResearchAndMarkets.com's offering.

The sodium-ion batteries market is expected to grow at a healthy growth rate because of the inherent benefits of sodium-ion batteries, the fast installation of intermittent energy sources such as wind and solar, as well as the growing acceptance of low-speed electric vehicles such as e-bikes and e-rickshaws. According to the National Institution for Transforming India, demand for grid storage batteries in India is expected to rise to 260-gigawatt hours (GWh) by 2030.

India aims to generate 50% of its energy needs from renewable sources by 2030, resulting in a substantial demand for storage batteries. Furthermore, the International Energy Agency (IEA) anticipates that solar photovoltaic (PV), wind, and hydro are expected to generate roughly 80% of the world's electricity by 2050. Since sodium-ion batteries are a significant energy storage technology with additional advantages, the growing solar and wind energy industries are expected to create considerable opportunities for the sodium-ion batteries market.

With an increased worldwide focus on limited availability and high mining costs of lithium and lithium-based component, the shift to sustainable and cost-effective technologies brings significant sales and financing opportunities for sodium-ion batteries. This shift was prominently experienced in regions such as North America, Europe, and some Asian countries.

Key players in the sodium-ion batteries market analyzed and profiled in the study involve sodium-ion batteries manufacturers and the overall ecosystem. Moreover, a detailed competitive benchmarking of the players operating in the sodium-ion batteries market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the sodium-ion batteries market.

Sodium battery technologies have gained market traction and may be competitive with lithium-ion batteries in the coming years. However, in most countries, the commercialization and supply chain for sodium-ion batteries is still in the early stages. Most sodium-ion batteries are prototypes or in research and development (R&D); thus, the current market is dominated by other batteries such as lead-acid and lithium-ion batteries. With additional players entering the ecosystem in the coming years, the sodium-ion batteries industry is expected to expand significantly.

Increased research and development efforts are being undertaken to improve the energy density of sodium-ion batteries and develop new electrolyte technologies, which are growing in response to rising public concern and government restrictions associated with a spike in lithium-ion price and emissions. For instance, in August 2022, Scientists in Japan developed sodium-ion batteries utilizing carbon micro lattices produced with a low-cost three-dimensional (3D) printer. In addition to reducing the size of the battery and lowering production costs, the resultant anode allows for rapid transit of energy-generating ions.

Market Segmentation Highlights

• In 2024, the sodium-ion batteries market in the application sector segment was dominated by large scale stationary energy storage, owning to the consistent expansion of renewable energy capacity globally.
• In 2024, the sodium-ion batteries market was estimated to be led by non-aqueous in terms of technology, owning to its high electrochemical stability that exceeds 4 volts (V).
• During the forecast period (2025-2034), North America and Europe are anticipated to gain traction in terms of sodium-ion batteries market production owing to the R&D advancements and supportive government initiatives in the regions.

Market Dynamics

Following are the demand drivers for the sodium-ion batteries market:

• Lower cost of sodium-ion batteries compared to the counterparts
• Growing support government through investment in advanced energy storage technologies
• Rising Renewable Energy Generation
• Increasing R&D Activities on Sodium-Ion Batteries

The market is expected to face some limitations due to the following challenges:

• Lack of Industrial Supply Chain
• Intense Competition from Other Advanced Battery Technologies

Key Market Players

Aqueous

• Natron Energy, Inc.
• Ben'an Energy Technology (Shanghai) Co., Ltd.

Non-Aqueous

• Faradion Limited
• Aquion Energy
• Altris AB

Key Topics Covered:

1. Markets: Industry Outlook
1.1 Trends: Current and Future Impact Assessment
1.2 Stakeholder Analysis
1.2.1 Use Case
1.2.2 End User and Buying Criteria
1.3 Market Dynamics Overview
1.3.1 Market Drivers
1.3.2 Market Restraints
1.3.3 Market Opportunities
1.4 Regulatory Landscape
1.5 Patent Analysis
1.6 Start-Up Landscape
1.7 Supply Chain Analysis
1.8 Value Chain Analysis
1.9 Global Pricing Analysis
1.10 Comparative Product Benchmarking

2. Sodium-Ion Batteries Market (by Application)
2.1 Application Segmentation
2.2 Application Summary
2.3 Sodium-Ion Batteries Market (by Application)
2.3.1 Transportation Consumer
2.3.2 Electronics
2.3.3 Large Scale Stationary Energy Storage
2.3.4 Industrial

3. Sodium-Ion Batteries Market (by Product)
3.1 Product Segmentation
3.2 Product Summary
3.3 Sodium-Ion Batteries Market (by Technology)
3.3.1 Aqueous
3.3.2 Non-Aqueous

4. Sodium-Ion Batteries Market by Region

5. Markets - Competitive Benchmarking & Company Profiles
5.1 Next Frontiers
5.2 Geographic Assessment
5.3 Company Profiles
5.3.1 Overview
5.3.2 Top Products/Product Portfolio
5.3.3 Top Competitors
5.3.4 Target Customers
5.3.5 Key Personnel
5.3.6 Analyst View
5.3.7 Market Share

• Aquion Energy
• Faradion Limited
• HiNa Battery Technology Co., Ltd
• Ben'an Energy Technology (Shanghai) Co., Ltd
• AMTE Power plc
• Natron Energy, Inc.
• Tiamat Energy
• Jiangsu Zhongna Energy Technology Co., Ltd.
• Contemporary Amperex Technology Co. Limited (CATL)
• Li-FUN Technology Corporation Limited
• BLUETTI Power Inc.
• Indigenous Energy Storage Technologies Pvt. Ltd. (Indi Energy)
• Altris AB
• NEI Corporation
• Blackstone Technology GmbH

For more information about this report visit https://www.researchandmarkets.com/r/a3r6go

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