Mar 22, 2019 (AB Digital via COMTEX) — Global sodium sulfur battery market is expected to witness moderate growth during the forecast period due to various applications where these batteries are used and have been an integral part of the entire power generation and distribution system. Some of these application areas include wind power stabilization and energy time shift, solar power stabilization and energy time shift, frequency control and energy time shift, renewable power supply system at off-grid, and high efficiency operation of diesel generator. Sodium sulfur battery is a type of molten-salt battery made from liquid sodium and sulfur. This type of battery possesses high energy density, high efficiency of charge or discharge and long-life cycle. This type of battery is fabricated from inexpensive materials.
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This type of battery is integrated in a sodium-sulfur battery system which is an energy storage system based on electrochemical charge/discharge reactions that occur between a positive electrode that is typically made of molten sulfur and a negative electrode that is made of molten sodium (Na). The major component of sodium sulfur battery system are elementary cell composed of electrodes, modules, battery systems composed of large assembling of modules and of a control system, and power conversion system (PCS). The major application areas for this type of battery include peak shaving, time shifting, and stabilization of wind farms and solar generation plants.
The key players of global Sodium Sulfur Battery Market are NGK Insulators Ltd., KEMET Electronics Corporation, GE Energy Storage, Eagle Picher Technologies LLC, Ceramatec Inc., Sieyuan Electric Co., Ltd., FIAMM Group, and POSCO, among others.
Global sodium sulfur battery market has been segmented based on power rating, application, and region.
Based on power rating, the market is classified into up to 10 MW, 11-25 MW, 26-50 MW, and above 50 MW.
Based on application, the industry is classified into grid and standalone systems, space, and transport & heavy machinery.
Based on region, the sodium sulfur battery market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa and South America.
Asia-Pacific held the largest market share of the global sodium sulfur battery Market in 2017. The growth of the market is attributed to the increasing demand for renewable energy storage system in the residential, commercial, and industrial end-use applications. Moreover, in 2016, Asia-Pacific contributed almost 47% in the global investments towards renewable energy. The increasing investments in the region are driven by many governments in the region who are ramping up their efforts to increase renewable energy in their overall energy mix.
List Of Tables
Table 1 Global Sodium Sulfur Battery Market, By Region, 2016-2023 (USD Million)
Table 2 North America Sodium Sulfur Battery Market, By Country, 2016-2023 (USD Million)
Table 3 Europe Sodium Sulfur Battery Market, By Country, 2016-2023 (USD Million)
Table 4 Asia-Pacific Sodium Sulfur Battery Market, By Country, 2016-2023 (USD Million)
Table 5 Middle East & Africa Sodium Sulfur Battery Market, By Country, 2016-2023 (USD Million)
Table 6 South America Sodium Sulfur Battery Market, By Country, 2016-2023 (USD Million)
Table 7 Global Sodium Sulfur Battery Market, By Power Rating, 2016-2023 (USD Million)
Table 8 North America Sodium Sulfur Battery Market, By Power Rating, 2016-2023 (USD Million)
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