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.
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.
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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Full Research Report at: https://www.marketresearchfuture.com/reports/sodium-sulfur-battery-market-7284
Scope
of the Report
This research report provides
insights into various levels of analysis, such as industry analysis and market
share analysis for the leading industry competitors, along with their profiles.
It also helps in studying the target segments by providing views on the
emerging & high-growth segments. The market data comprises the basic
assessment of the competitive scenarios and strategies in the global sodium
sulfur battery market, including high-growth regions and/or countries, and
political and economic environments. The project report further provides both –
historical market values and pricing & cost analysis.
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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