Source- Mordor IntelligenceHyderabad, Jan. 24, 2023 (GLOBE NEWSWIRE) — As the modern economy is pushing the demand for affordable and eco-friendly energy storage systems, sodium-ion batteries have been recognized as the most promising alternative kind of energy storage devices. The sodium-ion battery has been established as a large-scale, safe, and low-cost (approx. 30% cheaper) substitute for lithium-ion batteries all over the globe. The environmental side effects of peer battery technologies and more abundance of sodium (2.3% of the Earth’s Crust) for manufacturing sodium-ion batteries have significantly impacted the urgency of the commercialization, as lithium (0.0017% of Earth’s crust) is a comparatively rare element. Besides, sodium-ion batteries have excellent characteristics such as similar energy densities, power storage to their counterparts, improved thermal stability,…
Global Sodium-Ion Battery Market has valued at USD 275 million in 2021 and is expected to grow at a CAGR of 14.6% through 2023-2028, owing to promising specifications for the energy storage systems market, predicts Mordor Intelligence.
