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.
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.
Key
Players
The key players of the 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.
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Segmental
Overview
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.
Regional
Outlook
Region wise, 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.
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