![]() ![]() The shell life of the sodium ion battery is approximately equal to that of a lithium-ion battery which would allow the consumers to have a better choice of battery in all terms such as cost, efficiency, and shell life. Owing to this, the sodium-ion battery market is expected to grow at a considerable rate in the coming years. The abundant availability of sodium as compared to that of lithium adds to the reduction in the cost of manufacturing the sodium-ion battery. The sodium-ion battery is considered to be an efficient replacement for lithium-ion batteries. ![]() The sodium-ion battery is used for storing energy in the grids and powering the electric vehicles. Based on end-user, the sodium-ion battery market is bifurcated based on the use of the sodium-ion batteries in residential, commercial, Utility, industrial and transport sectors, among others. The sodium-ion batteries are also used for powering electric vehicles such as electric bikes and e-scooters. The sodium-ion batteries are used in energy storage applications in the solar and wind renewable energy plants. On the basis of technology, the sodium-ion battery market is segmented as the sodium-sulfur battery, sodium salt battery, and sodium air battery. To gain extensive insights into the market, Request for Customization
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