The sodium-ion battery (SIB) market is rapidly gaining momentum as it promises to be a more sustainable and cost-effective alternative to lithium-ion batteries. The market is at an early-stage, but is growing fast, and is ramping up in 2023. Commercialization of SIB is moving much faster than was originally expected and they will be key components in Small Electric Vehicle (EV) and Long-duration Energy Storage applications. Among other advantages over incumbent Lithium-ion batteries (LIB), SIBs offer lower raw material costs and sustainability.
Key SIB Market Drivers include:
- Lower raw material costs - Sodium is abundant compared to constrained lithium supplies, reducing input costs.
- Improved sustainability - Avoidance of scarce lithium and cobalt resources.
- Increasing R&D - Major advances in anode, cathode and electrolyte materials.
- Government funding - Subsidies and investments aimed at advancing SIB tech.
- EV applications - Automakers developing SIBs for more affordable EVs.
BYD spin-off FinDreams has recently entered a joint venture agreement with Huaihai Holding Group to create the world's largest sodium-ion battery factory for small electric vehicles. Leading power battery manufacturer CATL will begin mass production of sodium-ion batteries for vehicles in Q4 2023 and other battery and automotive manufacturers are increasing commercial activity. SIBs are expected to gain share in:
- Small electric vehicles and short-range transportation.
- Large-scale stationary storage for renewable energy.
- Backup power supplies and off-grid energy storage.
Report contents include:
- Market drivers and challenges.
- Comparative analysis to other battery types.
- Analysis of materials and components in Na-ion batteries.
- Cost breakdown and analysis.
- Market developments, production, funding and investments 2020-2023.
- Market value chain analysis.
- Analysis of main players and benchmarking.
- Market analysis of markets for Na-ion batteries:
- Large-scale stationary grid storage.
- Stationary batteries.
- Electric vehicles.
- Electric boats.
- Consumer electronics.
- 50 company profiles. Company profiles include products, materials utilized in cathodes & anodes, cell densities, cycle life, target markets and production plans. Companies profiled include Altris AB, CATL, Faradion, HiNa Battery, Kite Rise Technologies GmbH, Natron Energy, Tiamat Energy and Weifang Energy.
TABLE OF CONTENTS
1. INTRODUCTION
- 1.1. Motivation for battery development beyond lithium
- 1.2. Value proposition for sodium-ion batteries
- 1.3. Technology description
- 1.4. Key performance metrics
- 1.5. The Li-ion battery market
2. SODIUM-ION BATTERY CHEMISTRIES AND CELL DESIGNS
- 2.1. Comparative analysis with other battery types
- 2.2. Cost comparison with Li-ion
- 2.3. Materials in sodium-ion battery cells
- 2.4. Cathode materials
- 2.4.1. Layered transition metal oxides
- 2.4.1.1. Types
- 2.4.1.2. Cycling performance
- 2.4.1.3. Advantages and disadvantages
- 2.4.1.4. Market prospects for LO SIB
- 2.4.2. Polyanionic materials
- 2.4.2.1. Advantages and disadvantages
- 2.4.2.2. Types
- 2.4.2.3. Market prospects for Poly SIB
- 2.4.3. Prussian blue analogues (PBA)
- 2.4.3.1. Types
- 2.4.3.2. Advantages and disadvantages
- 2.4.3.3. Market prospects for PBA-SIB
- 2.5. Anode materials
- 2.5.1. Hard carbons
- 2.5.2. Carbon black
- 2.5.3. Graphite
- 2.5.4. Carbon nanotubes
- 2.5.5. Graphene
- 2.5.6. Alloying materials
- 2.5.7. Sodium Titanates
- 2.5.8. Sodium Metal
- 2.6. Electrolytes
- 2.6.1. Thermal stability
- 2.6.2. Carbonate-based liquid electrolytes (e.g. EC/PC with Na salts)
- 2.6.3. Ionic liquids
- 2.6.4. Solid state electrolytes (e.g. Na-beta-alumina)
- 2.7. Other components
- 2.8. Molten sodium batteries
- 2.9. Aqueous rechargeable sodium ion batteries
3. MANUFACTURING PROCESS AND COST ANALYSIS
- 3.1. Description of manufacturing process
- 3.2. Cost breakdown and analysis
4. THE GLOBAL MARKET FOR SODIUM-ION BATTERIES
- 4.1. Market drivers
- 4.2. Market challenges
- 4.3. Recent market developments
- 4.4. Main players and competitive landscape
- 4.4.1. Battery Manufacturers
- 4.4.2. Large Corporations
- 4.4.3. Automotive Companies
- 4.4.4. Chemicals and Materials Firms
- 4.5. SWOT analysis
- 4.6. Market value chain
- 4.7. The market in China
- 4.8. Global patent landscape
- 4.9. Planned capacities by cathode type
- 4.10. Grid storage
- 4.10.1. Market overview
- 4.10.2. Competing technologies
- 4.10.3. Market outlook
- 4.11. Electric vehicles (EV)
- 4.11.1. Market overview
- 4.11.2. Competing technologies
- 4.11.3. Market outlook
- 4.12. Consumer electronics
- 4.12.1. Market overview
- 4.12.2. Competing technologies
- 4.12.3. Market outlook
- 4.13. Stationary batteries
- 4.13.1. Market overview
- 4.13.2. Competing technologies
- 4.13.3. Market outlook
- 4.14. Electric boats
- 4.14.1. Market overview
- 4.14.2. Competing technologies
- 4.14.3. Market outlook
- 4.15. Global Market Size and Forecast
- 4.15.1. Capacities
- 4.15.2. Total market revenues
- 4.15.3. By region
- 4.16. Future outlook
5. COMPANY PROFILES(50 company profiles)
6. RESEARCH METHODOLOGY
- 6.1. Report scope
- 6.2. Research methodology
7. REFERENCES