Global
Sodium Sulfur Battery Market - Overview
The global Sodium Sulfur Battery Market is estimated to expand at ~15.50%
CAGR during the forecast period.
The global sodium sulfur battery Market is set to
witness strong growth due technological advancements and expanded deployment of
sodium sulfur batteries in the off-grid. Moreover, there are various
applications where these batteries are used which 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.
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Prominent
Players:
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.
Market
Highlights:
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.
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 is 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.
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Segmental
Analysis:
The Sodium Sulfur Battery Market has been segmented
based on power rating into 10 MW, 11-25 MW, 26-50 MW, and above
50 MW. 26-50 MW
segment is leading the market as these batteries are increasingly gaining
interest from the electric utilities as a grid energy storage solution for
renewable energy sources. Moreover, these types of batteries possess a higher
current density, longer cycle life, and simplified manufacturing scheme in
large scale applications. According to United Nations Industrial Development
Organization, the total current installed capacity of sodium sulfur batteries
in Europe and North America was 37 MW and 20 MW respectively in 2018. All these
factors will drive the market for this particular power rating during the
forecast period.
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