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Sodium Nickel Chloride Battery Market

Sodium Nickel Chloride Battery Market

Sodium Nickel Chloride Battery Market Forecast, Trend Analysis & Competition Tracking - Global Review 2019 to 2029

Sodium Nickel Chloride Battery Market
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Market Overview

Sodium nickel chloride battery was introduced for electric vehicles over the last decade. The rapid burgeoning number of electric vehicles (EVs) on the road is one of the essential driving engines for the sodium nickel chloride battery cathode market growth.

With the increasing production of EVs and plug-in vehicles across the world, the global demand for sodium nickel chloride batteries is expected to surge in the coming decade. Currently, sodium nickel chloride battery is available for electric vehicles, railway backup stationary backup, and on-grid/off-grid energy storage applications.

Sodium nickel chloride battery was first introduced in the automotive industry. The leading manufacturer in the global sodium nickel chloride battery market is Europe and US-based. The manufacturers are engaged in increasing the lifecycle of sodium nickel chloride batteries through design enhancement, which includes new glass material with more corrosion resistance.

Advancements in Energy Storage Technologies to Bolster Innovations and Escalate the Sodium Nickel Chloride Battery Market Growth

The improvement in unconventional energy storage technologies is one of the key areas of focus of a number of battery stakeholders. Modern consumers are opting for superior battery-operated products with improved features such as high energy storage and increased speed of charging. This is one of the essential factors to bolster the adoption of the latest technologies in the manufacturing of sodium nickel chloride batteries.

With the adoption of next-generation energy storage technologies, manufacturers are aiming to introduce more sodium nickel chloride batteries with extended battery life and improved efficiency of energy-storing capability. Consequently, increasing applications of sodium nickel chloride batteries are catalyzing the growth of the global market in the forecast period.

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Boom in the Automotive Industry Expected to Amplify Overall Demand for Sodium Nickel Chloride Battery

Increasing the production of automobiles will directly influence the demand for batteries, which in turn will amplify the growth of the sodium nickel chloride battery market. The growing global economy has urged the market to shift to highly efficient and abundant energy storage materials and batteries.

The rising disposable income of the middle-class population in emerging economies leads to automotive production and is expected to boost the global sodium nickel chloride battery market growth.

The rapid urbanization in emerging economies has increased the sale of automobiles and a shift towards electric vehicles is anticipated to grow the global sodium nickel chloride battery market in the near future.

Sodium Nickel Chloride Battery Market Regional Outlook

Geographically, the sodium nickel chloride battery market has been categorized into seven prominent regions, including North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East and Africa. The current scenario in North America has all the characteristics of a Goldilocks economy. On the basis of most economic indicators, primarily the GDP, the economic activity in North America is likely to witness moderate growth in the sodium nickel chloride battery market during forecast years.

The demand for electric vehicles in the North American region has led sodium nickel chloride battery manufacturers to expand their production capacity. The electric vehicle battery is expected to receive a boost owing to the changing preference of the general population towards electric vehicles.

As a result of changing preferences, the European market is likely to witness the demand for sodium nickel chloride battery material during the forecast period. The presence of key manufacturers in East Asian countries is expected to create lucrative market opportunities in the sodium nickel chloride battery market during the forecast period.

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Sodium Nickel Chloride Battery Key Market Players

The key players in the sodium nickel chloride battery market are mentioned below.

  • JL Sudworth
  • Johan Coetzer
  • Zebra Technologies
  • Gunnar Musan
  • Telcordia
  • Chowei Group
  • Akkumulatorenfabrik Moll GmbH
  • Banner GmbH
  • BM Rosendahl
  • Hoppecke Batterien
  • Midac SpA
  • SAFT
  • Yuasa Battery Limited

The research report presents a comprehensive assessment of the sodium nickel chloride battery market and contains thoughtful insights, facts, and historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to the sodium nickel chloride battery market segments such as geographies, application and industry.

The sodium nickel chloride battery market report covers exhaustive analysis on:

  • Sodium Nickel Chloride Battery Market Segments
  • Sodium Nickel Chloride Battery Market Dynamics
  • Sodium Nickel Chloride Battery Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

An Adaptive Approach to Modern-day Research Needs

The sodium nickel chloride battery market regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Argentina, Chile, Peru)
  • Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Russia)
  • East Asia (China, Japan and South Korea)
  • South Asia (India, Thailand, Indonesia, Malaysia)
  • Oceania
  • Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

Sodium nickel chloride battery report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with the sodium nickel chloride battery market attractiveness as per segments. The report also maps the qualitative impact of various market factors on the sodium nickel chloride battery market segments and geographies.

The sodium nickel chloride battery market report highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

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Sodium Nickel Chloride Battery Market Segmentation

The global sodium nickel chloride battery market can be segmented on the basis of power and application

On the basis of power the sodium nickel chloride battery market is segmented as;

  • 100 – 300 kW
  • 300 – 600 kW
  • 600 - 900 kW
  • More than 900 kW

On the basis of application the sodium nickel chloride battery market is segmented as;

  • Residential and commercial buildings
  • Electric Vehicles
  • Distribution grids
  • Transmission grids
  • Data Centers
  • Others

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Is the market research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

Who are the respondents for primary research?

Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

Is a sample of this report available for evaluation?

Yes, you can request a sample, and it will be sent to you through an email.