hasideas.blogg.se

As a result, the cost of lithium is bound to rise astronomically in the near future as demand for the element is expected to rise by 1500% by 2030, exceeding its supply, as per Bloomberg NEF estimates. This would ensure regular supply of the element without too many price fluctuations, giving it a distinct advantage over lithium which is not that commonly found. For instance, sodium is an abundantly available material as it can be found in large quantities in the earth’s crust and in seawater. Research conducted by the Nagoya Institute of Technology found that sodium-ion batteries are highly beneficial for sustainability for numerous reasons. While lithium-ion batteries are highly demanded, sodium-ion batteries are slowly gaining popularity as their advantages over lithium-ion batteries are gradually coming to the fore. Growing Preference for Sodium-Ion Batteries Over Lithium-Ion to Propel the Market

This information is illustrated in the form an exhaustive analysis and assessment of the factors, upcoming trends, and other dynamics that will mould the development of the market during the forecast period. Request a Sample Copy of the Research Report: įortune Business Insights, through its report, titled “Sodium-Ion Battery Market Size, Share and Global Trend by Technology (Sodium Sulfur Battery, Sodium Salt Battery, Sodium Air Battery), By End-Use (Residential, Utility, Commercial, Industrial, Transport Sector) and Geography Forecast till 2026”, shares crucial market information for businesses to strategize according to the market needs. This factor, therefore, is anticipated to lead the sodium-ion market trends during the forecast period. Sodium-ion battery technology is slated to play a definitive role in facilitating a smooth transition to clean energy as unconventional energy sources such as solar and wind require large-scale utilization of battery-operated devices and machines.

Solar energy capacity alone increased by 24% at 94 GW, with Asia contributing to 70% of this growth.

According to the International Renewable Energy Agency (IRENA), 171 GW of new renewable energy installations were added in 2018, with solar and wind power accounting for the bulk of this rise. Pune, India, (GLOBE NEWSWIRE) - The global Sodium-ion Battery Market size is set for some serious expansion on account of the steadfast rise in the renewable energy capacity across the world.