Price of sodium sulfur solar container battery

What is the forecast of the sodium sulfur (NaS) battery market?

The sodium sulfur (NAS) battery market is expected to record a CAGR of around 13% during the forecast period, 2022-2027. The COVID-19 pandemic had a negative impact on the market as it resulted in the reduction of power demand which directly impacted the energy storage projects across the world.

What are sodium-sulfur batteries?

Due to the intermittent nature of renewable power supply, the power producers have started the adoption of energy storage systems, along with renewable power installations. The sodium-sulfur batteries are high-temperature products that are highly suitable for grid-scale applications.

How is the sodium sulfur battery market segmented?

The Sodium Sulfur Battery Market is segmented by Application (Renewable Energy Stabilization, Back-up Power, Load Leveling, and Other Applications) and Geography (North America, Europe, Asia-Pacific, South America, and Middle East & Africa). Need a report that reflects how COVID-19 has impacted this market and it's growth?

What is the future of NaS battery market?

Such developments are expected to give a thrust to the regional market of NAS batteries in the near future. The sodium sulfur battery market is consolidated. Some of the key players in the market include NGK Insulators Ltd, and BASF SE.