Global Sodium Sulphur Battery Supply, Demand and Key Producers, 2023-2029

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Published Date: 26 Aug 2023

Category: Energy & Power

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Description
Table of Contents
Table of Figures
Research Methodology
Companies Mentioned
Related Reports
Product Tags

Description

The global Sodium Sulphur Battery market size is expected to reach $ 487 million by 2029, rising at a market growth of 34.6% CAGR during the forecast period (2023-2029).

A sodium–sulfur battery is a type of molten-salt battery constructed from liquid sodium (Na) and sulfur (S).This type of battery has a high energy density, high efficiency of charge/discharge (89–92%) and long cycle life, and is fabricated from inexpensive materials. However, because of the operating temperatures of 300 to 350 °C and the highly corrosive nature of the sodium polysulfides, such cells are primarily suitable for large-scale non-mobile applications such as grid energy storage.

This report studies the global Sodium Sulphur Battery production, demand, key manufacturers, and key regions.

This report is a detailed and comprehensive analysis of the world market for Sodium Sulphur Battery, and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2022 as the base year. This report explores demand trends and competition, as well as details the characteristics of Sodium Sulphur Battery that contribute to its increasing demand across many markets.

Highlights and key features of the study
Global Sodium Sulphur Battery total production and demand, 2018-2029, (GWh)
Global Sodium Sulphur Battery total production value, 2018-2029, (USD Million)
Global Sodium Sulphur Battery production by region & country, production, value, CAGR, 2018-2029, (USD Million) & (GWh)
Global Sodium Sulphur Battery consumption by region & country, CAGR, 2018-2029 & (GWh)
U.S. VS China: Sodium Sulphur Battery domestic production, consumption, key domestic manufacturers and share
Global Sodium Sulphur Battery production by manufacturer, production, price, value and market share 2018-2023, (USD Million) & (GWh)
Global Sodium Sulphur Battery production by Type, production, value, CAGR, 2018-2029, (USD Million) & (GWh)
Global Sodium Sulphur Battery production by Application production, value, CAGR, 2018-2029, (USD Million) & (GWh).

This reports profiles key players in the global Sodium Sulphur Battery market based on the following parameters – company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include NGK, Exergy Storage and Wuhu Haili, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Sodium Sulphur Battery market.

Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (GWh) and average price (USD/KWh) by manufacturer, by Type, and by Application. Data is given for the years 2018-2029 by year with 2022 as the base year, 2023 as the estimate year, and 2024-2029 as the forecast year.

Global Sodium Sulphur Battery Market, By Region:
    United States
    China
    Europe
    Japan
    South Korea
    ASEAN
    India
    Rest of World

Global Sodium Sulphur Battery Market, Segmentation by Type
    200kW
    400kW
    600kW
    800kW
    Others

Global Sodium Sulphur Battery Market, Segmentation by Application
    Residential
    Municipal
    Industrial

Companies Profiled:
    NGK
    Exergy Storage
    Wuhu Haili

Key Questions Answered
1. How big is the global Sodium Sulphur Battery market?
2. What is the demand of the global Sodium Sulphur Battery market?
3. What is the year over year growth of the global Sodium Sulphur Battery market?
4. What is the production and production value of the global Sodium Sulphur Battery market?
5. Who are the key producers in the global Sodium Sulphur Battery market?

Table of Contents

1 Supply Summary
    1.1 Sodium Sulphur Battery Introduction
    1.2 World Sodium Sulphur Battery Supply & Forecast
        1.2.1 World Sodium Sulphur Battery Production Value (2018 & 2022 & 2029)
        1.2.2 World Sodium Sulphur Battery Production (2018-2029)
        1.2.3 World Sodium Sulphur Battery Pricing Trends (2018-2029)
    1.3 World Sodium Sulphur Battery Production by Region (Based on Production Site)
        1.3.1 World Sodium Sulphur Battery Production Value by Region (2018-2029)
        1.3.2 World Sodium Sulphur Battery Production by Region (2018-2029)
        1.3.3 World Sodium Sulphur Battery Average Price by Region (2018-2029)
        1.3.4 North America Sodium Sulphur Battery Production (2018-2029)
        1.3.5 Europe Sodium Sulphur Battery Production (2018-2029)
        1.3.6 China Sodium Sulphur Battery Production (2018-2029)
        1.3.7 Japan Sodium Sulphur Battery Production (2018-2029)
    1.4 Market Drivers, Restraints and Trends
        1.4.1 Sodium Sulphur Battery Market Drivers
        1.4.2 Factors Affecting Demand
        1.4.3 Sodium Sulphur Battery Major Market Trends

2 Demand Summary
    2.1 World Sodium Sulphur Battery Demand (2018-2029)
    2.2 World Sodium Sulphur Battery Consumption by Region
        2.2.1 World Sodium Sulphur Battery Consumption by Region (2018-2023)
        2.2.2 World Sodium Sulphur Battery Consumption Forecast by Region (2024-2029)
    2.3 United States Sodium Sulphur Battery Consumption (2018-2029)
    2.4 China Sodium Sulphur Battery Consumption (2018-2029)
    2.5 Europe Sodium Sulphur Battery Consumption (2018-2029)
    2.6 Japan Sodium Sulphur Battery Consumption (2018-2029)
    2.7 South Korea Sodium Sulphur Battery Consumption (2018-2029)
    2.8 ASEAN Sodium Sulphur Battery Consumption (2018-2029)
    2.9 India Sodium Sulphur Battery Consumption (2018-2029)

3 World Sodium Sulphur Battery Manufacturers Competitive Analysis
    3.1 World Sodium Sulphur Battery Production Value by Manufacturer (2018-2023)
    3.2 World Sodium Sulphur Battery Production by Manufacturer (2018-2023)
    3.3 World Sodium Sulphur Battery Average Price by Manufacturer (2018-2023)
    3.4 Sodium Sulphur Battery Company Evaluation Quadrant
    3.5 Industry Rank and Concentration Rate (CR)
        3.5.1 Global Sodium Sulphur Battery Industry Rank of Major Manufacturers
        3.5.2 Global Concentration Ratios (CR4) for Sodium Sulphur Battery in 2022
        3.5.3 Global Concentration Ratios (CR8) for Sodium Sulphur Battery in 2022
    3.6 Sodium Sulphur Battery Market: Overall Company Footprint Analysis
        3.6.1 Sodium Sulphur Battery Market: Region Footprint
        3.6.2 Sodium Sulphur Battery Market: Company Product Type Footprint
        3.6.3 Sodium Sulphur Battery Market: Company Product Application Footprint
    3.7 Competitive Environment
        3.7.1 Historical Structure of the Industry
        3.7.2 Barriers of Market Entry
        3.7.3 Factors of Competition
    3.8 New Entrant and Capacity Expansion Plans
    3.9 Mergers, Acquisition, Agreements, and Collaborations

4 United States VS China VS Rest of the World
    4.1 United States VS China: Sodium Sulphur Battery Production Value Comparison
        4.1.1 United States VS China: Sodium Sulphur Battery Production Value Comparison (2018 & 2022 & 2029)
        4.1.2 United States VS China: Sodium Sulphur Battery Production Value Market Share Comparison (2018 & 2022 & 2029)
    4.2 United States VS China: Sodium Sulphur Battery Production Comparison
        4.2.1 United States VS China: Sodium Sulphur Battery Production Comparison (2018 & 2022 & 2029)
        4.2.2 United States VS China: Sodium Sulphur Battery Production Market Share Comparison (2018 & 2022 & 2029)
    4.3 United States VS China: Sodium Sulphur Battery Consumption Comparison
        4.3.1 United States VS China: Sodium Sulphur Battery Consumption Comparison (2018 & 2022 & 2029)
        4.3.2 United States VS China: Sodium Sulphur Battery Consumption Market Share Comparison (2018 & 2022 & 2029)
    4.4 United States Based Sodium Sulphur Battery Manufacturers and Market Share, 2018-2023
        4.4.1 United States Based Sodium Sulphur Battery Manufacturers, Headquarters and Production Site (States, Country)
        4.4.2 United States Based Manufacturers Sodium Sulphur Battery Production Value (2018-2023)
        4.4.3 United States Based Manufacturers Sodium Sulphur Battery Production (2018-2023)
    4.5 China Based Sodium Sulphur Battery Manufacturers and Market Share
        4.5.1 China Based Sodium Sulphur Battery Manufacturers, Headquarters and Production Site (Province, Country)
        4.5.2 China Based Manufacturers Sodium Sulphur Battery Production Value (2018-2023)
        4.5.3 China Based Manufacturers Sodium Sulphur Battery Production (2018-2023)
    4.6 Rest of World Based Sodium Sulphur Battery Manufacturers and Market Share, 2018-2023
        4.6.1 Rest of World Based Sodium Sulphur Battery Manufacturers, Headquarters and Production Site (State, Country)
        4.6.2 Rest of World Based Manufacturers Sodium Sulphur Battery Production Value (2018-2023)
        4.6.3 Rest of World Based Manufacturers Sodium Sulphur Battery Production (2018-2023)

5 Market Analysis by Type
    5.1 World Sodium Sulphur Battery Market Size Overview by Type: 2018 VS 2022 VS 2029
    5.2 Segment Introduction by Type
        5.2.1 200kW
        5.2.2 400kW
        5.2.3 600kW
        5.2.4 800kW
        5.2.5 Others
    5.3 Market Segment by Type
        5.3.1 World Sodium Sulphur Battery Production by Type (2018-2029)
        5.3.2 World Sodium Sulphur Battery Production Value by Type (2018-2029)
        5.3.3 World Sodium Sulphur Battery Average Price by Type (2018-2029)

6 Market Analysis by Application
    6.1 World Sodium Sulphur Battery Market Size Overview by Application: 2018 VS 2022 VS 2029
    6.2 Segment Introduction by Application
        6.2.1 Residential
        6.2.2 Municipal
        6.2.3 Industrial
    6.3 Market Segment by Application
        6.3.1 World Sodium Sulphur Battery Production by Application (2018-2029)
        6.3.2 World Sodium Sulphur Battery Production Value by Application (2018-2029)
        6.3.3 World Sodium Sulphur Battery Average Price by Application (2018-2029)

7 Company Profiles
    7.1 NGK
        7.1.1 NGK Details
        7.1.2 NGK Major Business
        7.1.3 NGK Sodium Sulphur Battery Product and Services
        7.1.4 NGK Sodium Sulphur Battery Production, Price, Value, Gross Margin and Market Share (2018-2023)
        7.1.5 NGK Recent Developments/Updates
        7.1.6 NGK Competitive Strengths & Weaknesses
    7.2 Exergy Storage
        7.2.1 Exergy Storage Details
        7.2.2 Exergy Storage Major Business
        7.2.3 Exergy Storage Sodium Sulphur Battery Product and Services
        7.2.4 Exergy Storage Sodium Sulphur Battery Production, Price, Value, Gross Margin and Market Share (2018-2023)
        7.2.5 Exergy Storage Recent Developments/Updates
        7.2.6 Exergy Storage Competitive Strengths & Weaknesses
    7.3 Wuhu Haili
        7.3.1 Wuhu Haili Details
        7.3.2 Wuhu Haili Major Business
        7.3.3 Wuhu Haili Sodium Sulphur Battery Product and Services
        7.3.4 Wuhu Haili Sodium Sulphur Battery Production, Price, Value, Gross Margin and Market Share (2018-2023)
        7.3.5 Wuhu Haili Recent Developments/Updates
        7.3.6 Wuhu Haili Competitive Strengths & Weaknesses

8 Industry Chain Analysis
    8.1 Sodium Sulphur Battery Industry Chain
    8.2 Sodium Sulphur Battery Upstream Analysis
        8.2.1 Sodium Sulphur Battery Core Raw Materials
        8.2.2 Main Manufacturers of Sodium Sulphur Battery Core Raw Materials
    8.3 Midstream Analysis
    8.4 Downstream Analysis
    8.5 Sodium Sulphur Battery Production Mode
    8.6 Sodium Sulphur Battery Procurement Model
    8.7 Sodium Sulphur Battery Industry Sales Model and Sales Channels
        8.7.1 Sodium Sulphur Battery Sales Model
        8.7.2 Sodium Sulphur Battery Typical Customers

9 Research Findings and Conclusion

10 Appendix
    10.1 Methodology
    10.2 Research Process and Data Source
    10.3 Disclaimer

Table of Figures

List of Tables
    Table 1. World Sodium Sulphur Battery Production Value by Region (2018, 2022 and 2029) & (USD Million)
    Table 2. World Sodium Sulphur Battery Production Value by Region (2018-2023) & (USD Million)
    Table 3. World Sodium Sulphur Battery Production Value by Region (2024-2029) & (USD Million)
    Table 4. World Sodium Sulphur Battery Production Value Market Share by Region (2018-2023)
    Table 5. World Sodium Sulphur Battery Production Value Market Share by Region (2024-2029)
    Table 6. World Sodium Sulphur Battery Production by Region (2018-2023) & (GWh)
    Table 7. World Sodium Sulphur Battery Production by Region (2024-2029) & (GWh)
    Table 8. World Sodium Sulphur Battery Production Market Share by Region (2018-2023)
    Table 9. World Sodium Sulphur Battery Production Market Share by Region (2024-2029)
    Table 10. World Sodium Sulphur Battery Average Price by Region (2018-2023) & (USD/KWh)
    Table 11. World Sodium Sulphur Battery Average Price by Region (2024-2029) & (USD/KWh)
    Table 12. Sodium Sulphur Battery Major Market Trends
    Table 13. World Sodium Sulphur Battery Consumption Growth Rate Forecast by Region (2018 & 2022 & 2029) & (GWh)
    Table 14. World Sodium Sulphur Battery Consumption by Region (2018-2023) & (GWh)
    Table 15. World Sodium Sulphur Battery Consumption Forecast by Region (2024-2029) & (GWh)
    Table 16. World Sodium Sulphur Battery Production Value by Manufacturer (2018-2023) & (USD Million)
    Table 17. Production Value Market Share of Key Sodium Sulphur Battery Producers in 2022
    Table 18. World Sodium Sulphur Battery Production by Manufacturer (2018-2023) & (GWh)
    Table 19. Production Market Share of Key Sodium Sulphur Battery Producers in 2022
    Table 20. World Sodium Sulphur Battery Average Price by Manufacturer (2018-2023) & (USD/KWh)
    Table 21. Global Sodium Sulphur Battery Company Evaluation Quadrant
    Table 22. World Sodium Sulphur Battery Industry Rank of Major Manufacturers, Based on Production Value in 2022
    Table 23. Head Office and Sodium Sulphur Battery Production Site of Key Manufacturer
    Table 24. Sodium Sulphur Battery Market: Company Product Type Footprint
    Table 25. Sodium Sulphur Battery Market: Company Product Application Footprint
    Table 26. Sodium Sulphur Battery Competitive Factors
    Table 27. Sodium Sulphur Battery New Entrant and Capacity Expansion Plans
    Table 28. Sodium Sulphur Battery Mergers & Acquisitions Activity
    Table 29. United States VS China Sodium Sulphur Battery Production Value Comparison, (2018 & 2022 & 2029) & (USD Million)
    Table 30. United States VS China Sodium Sulphur Battery Production Comparison, (2018 & 2022 & 2029) & (GWh)
    Table 31. United States VS China Sodium Sulphur Battery Consumption Comparison, (2018 & 2022 & 2029) & (GWh)
    Table 32. United States Based Sodium Sulphur Battery Manufacturers, Headquarters and Production Site (States, Country)
    Table 33. United States Based Manufacturers Sodium Sulphur Battery Production Value, (2018-2023) & (USD Million)
    Table 34. United States Based Manufacturers Sodium Sulphur Battery Production Value Market Share (2018-2023)
    Table 35. United States Based Manufacturers Sodium Sulphur Battery Production (2018-2023) & (GWh)
    Table 36. United States Based Manufacturers Sodium Sulphur Battery Production Market Share (2018-2023)
    Table 37. China Based Sodium Sulphur Battery Manufacturers, Headquarters and Production Site (Province, Country)
    Table 38. China Based Manufacturers Sodium Sulphur Battery Production Value, (2018-2023) & (USD Million)
    Table 39. China Based Manufacturers Sodium Sulphur Battery Production Value Market Share (2018-2023)
    Table 40. China Based Manufacturers Sodium Sulphur Battery Production (2018-2023) & (GWh)
    Table 41. China Based Manufacturers Sodium Sulphur Battery Production Market Share (2018-2023)
    Table 42. Rest of World Based Sodium Sulphur Battery Manufacturers, Headquarters and Production Site (States, Country)
    Table 43. Rest of World Based Manufacturers Sodium Sulphur Battery Production Value, (2018-2023) & (USD Million)
    Table 44. Rest of World Based Manufacturers Sodium Sulphur Battery Production Value Market Share (2018-2023)
    Table 45. Rest of World Based Manufacturers Sodium Sulphur Battery Production (2018-2023) & (GWh)
    Table 46. Rest of World Based Manufacturers Sodium Sulphur Battery Production Market Share (2018-2023)
    Table 47. World Sodium Sulphur Battery Production Value by Type, (USD Million), 2018 & 2022 & 2029
    Table 48. World Sodium Sulphur Battery Production by Type (2018-2023) & (GWh)
    Table 49. World Sodium Sulphur Battery Production by Type (2024-2029) & (GWh)
    Table 50. World Sodium Sulphur Battery Production Value by Type (2018-2023) & (USD Million)
    Table 51. World Sodium Sulphur Battery Production Value by Type (2024-2029) & (USD Million)
    Table 52. World Sodium Sulphur Battery Average Price by Type (2018-2023) & (USD/KWh)
    Table 53. World Sodium Sulphur Battery Average Price by Type (2024-2029) & (USD/KWh)
    Table 54. World Sodium Sulphur Battery Production Value by Application, (USD Million), 2018 & 2022 & 2029
    Table 55. World Sodium Sulphur Battery Production by Application (2018-2023) & (GWh)
    Table 56. World Sodium Sulphur Battery Production by Application (2024-2029) & (GWh)
    Table 57. World Sodium Sulphur Battery Production Value by Application (2018-2023) & (USD Million)
    Table 58. World Sodium Sulphur Battery Production Value by Application (2024-2029) & (USD Million)
    Table 59. World Sodium Sulphur Battery Average Price by Application (2018-2023) & (USD/KWh)
    Table 60. World Sodium Sulphur Battery Average Price by Application (2024-2029) & (USD/KWh)
    Table 61. NGK Basic Information, Manufacturing Base and Competitors
    Table 62. NGK Major Business
    Table 63. NGK Sodium Sulphur Battery Product and Services
    Table 64. NGK Sodium Sulphur Battery Production (GWh), Price (USD/KWh), Production Value (USD Million), Gross Margin and Market Share (2018-2023)
    Table 65. NGK Recent Developments/Updates
    Table 66. NGK Competitive Strengths & Weaknesses
    Table 67. Exergy Storage Basic Information, Manufacturing Base and Competitors
    Table 68. Exergy Storage Major Business
    Table 69. Exergy Storage Sodium Sulphur Battery Product and Services
    Table 70. Exergy Storage Sodium Sulphur Battery Production (GWh), Price (USD/KWh), Production Value (USD Million), Gross Margin and Market Share (2018-2023)
    Table 71. Exergy Storage Recent Developments/Updates
    Table 72. Wuhu Haili Basic Information, Manufacturing Base and Competitors
    Table 73. Wuhu Haili Major Business
    Table 74. Wuhu Haili Sodium Sulphur Battery Product and Services
    Table 75. Wuhu Haili Sodium Sulphur Battery Production (GWh), Price (USD/KWh), Production Value (USD Million), Gross Margin and Market Share (2018-2023)
    Table 76. Global Key Players of Sodium Sulphur Battery Upstream (Raw Materials)
    Table 77. Sodium Sulphur Battery Typical Customers
    Table 78. Sodium Sulphur Battery Typical Distributors
List of Figure
    Figure 1. Sodium Sulphur Battery Picture
    Figure 2. World Sodium Sulphur Battery Production Value: 2018 & 2022 & 2029, (USD Million)
    Figure 3. World Sodium Sulphur Battery Production Value and Forecast (2018-2029) & (USD Million)
    Figure 4. World Sodium Sulphur Battery Production (2018-2029) & (GWh)
    Figure 5. World Sodium Sulphur Battery Average Price (2018-2029) & (USD/KWh)
    Figure 6. World Sodium Sulphur Battery Production Value Market Share by Region (2018-2029)
    Figure 7. World Sodium Sulphur Battery Production Market Share by Region (2018-2029)
    Figure 8. North America Sodium Sulphur Battery Production (2018-2029) & (GWh)
    Figure 9. Europe Sodium Sulphur Battery Production (2018-2029) & (GWh)
    Figure 10. China Sodium Sulphur Battery Production (2018-2029) & (GWh)
    Figure 11. Japan Sodium Sulphur Battery Production (2018-2029) & (GWh)
    Figure 12. Sodium Sulphur Battery Market Drivers
    Figure 13. Factors Affecting Demand
    Figure 14. World Sodium Sulphur Battery Consumption (2018-2029) & (GWh)
    Figure 15. World Sodium Sulphur Battery Consumption Market Share by Region (2018-2029)
    Figure 16. United States Sodium Sulphur Battery Consumption (2018-2029) & (GWh)
    Figure 17. China Sodium Sulphur Battery Consumption (2018-2029) & (GWh)
    Figure 18. Europe Sodium Sulphur Battery Consumption (2018-2029) & (GWh)
    Figure 19. Japan Sodium Sulphur Battery Consumption (2018-2029) & (GWh)
    Figure 20. South Korea Sodium Sulphur Battery Consumption (2018-2029) & (GWh)
    Figure 21. ASEAN Sodium Sulphur Battery Consumption (2018-2029) & (GWh)
    Figure 22. India Sodium Sulphur Battery Consumption (2018-2029) & (GWh)
    Figure 23. Producer Shipments of Sodium Sulphur Battery by Manufacturer Revenue ($MM) and Market Share (%): 2022
    Figure 24. Global Four-firm Concentration Ratios (CR4) for Sodium Sulphur Battery Markets in 2022
    Figure 25. Global Four-firm Concentration Ratios (CR8) for Sodium Sulphur Battery Markets in 2022
    Figure 26. United States VS China: Sodium Sulphur Battery Production Value Market Share Comparison (2018 & 2022 & 2029)
    Figure 27. United States VS China: Sodium Sulphur Battery Production Market Share Comparison (2018 & 2022 & 2029)
    Figure 28. United States VS China: Sodium Sulphur Battery Consumption Market Share Comparison (2018 & 2022 & 2029)
    Figure 29. United States Based Manufacturers Sodium Sulphur Battery Production Market Share 2022
    Figure 30. China Based Manufacturers Sodium Sulphur Battery Production Market Share 2022
    Figure 31. Rest of World Based Manufacturers Sodium Sulphur Battery Production Market Share 2022
    Figure 32. World Sodium Sulphur Battery Production Value by Type, (USD Million), 2018 & 2022 & 2029
    Figure 33. World Sodium Sulphur Battery Production Value Market Share by Type in 2022
    Figure 34. 200kW
    Figure 35. 400kW
    Figure 36. 600kW
    Figure 37. 800kW
    Figure 38. Others
    Figure 39. World Sodium Sulphur Battery Production Market Share by Type (2018-2029)
    Figure 40. World Sodium Sulphur Battery Production Value Market Share by Type (2018-2029)
    Figure 41. World Sodium Sulphur Battery Average Price by Type (2018-2029) & (USD/KWh)
    Figure 42. World Sodium Sulphur Battery Production Value by Application, (USD Million), 2018 & 2022 & 2029
    Figure 43. World Sodium Sulphur Battery Production Value Market Share by Application in 2022
    Figure 44. Residential
    Figure 45. Municipal
    Figure 46. Industrial
    Figure 47. World Sodium Sulphur Battery Production Market Share by Application (2018-2029)
    Figure 48. World Sodium Sulphur Battery Production Value Market Share by Application (2018-2029)
    Figure 49. World Sodium Sulphur Battery Average Price by Application (2018-2029) & (USD/KWh)
    Figure 50. Sodium Sulphur Battery Industry Chain
    Figure 51. Sodium Sulphur Battery Procurement Model
    Figure 52. Sodium Sulphur Battery Sales Model
    Figure 53. Sodium Sulphur Battery Sales Channels, Direct Sales, and Distribution
    Figure 54. Methodology
    Figure 55. Research Process and Data Source

Research Methodology

Client Requirements

Review and analyze client requirements

Discussion of all the project requirements and queries

Flexibility Check

Project Feasibility Analysis

Finalizing tentative research programme

Structuring project proposal with scope, timeline, and costs

Analyzing Market Dynamics

Determination of key drivers, restraints, challenge, and opportunity

Identifies market needs and trends

Market Size Estimation & Forecast

Estimation of historical data based on secondary and primary data

Anticipating market recast by assigning weightage to market forces (drivers, restraints, opportunities)

Freezing historical and forecast market size estimations based on evolution, trends, outlook, and strategies

Consideration of geography, region-specific product/service demand for region segments

Consideration of product utilization rates, product demand outlook for segments by application or end-user.

Data Source

Secondary Source
Data collections from annual reports, presentations,associations, journals, analyst reports, paid database, press releases, blogs, newsletters,and GIR repositories.

Primary Source
Research discussion with manufacturers, distributors, suppliers, end user, industry experts to verify insights.

Validation and
triangulation of
secondary and primary source.

Collection of data

Cumulating and collating the essential qualitative and quantitative data

Generation of report in client requested format by research analysts

Reviews by expert analysts

Final quality check

Clarifying queries

Receiving feedback

Ensuring satisfaction

01 Identification of data

This step involves identification of several primary and secondary data research sources, including Global Info Research's internal data sources. The primary sources consist of in-depth discussions and interviews with policy makers, industry experts, and data evaluators, whereas secondary sources include a thorough study of market journals, press releases, annual reports, and government and non-government agencies websites.
02 Evaluation of Market Dynamic

This phase includes a detailed evaluation of several factors that are likely to affect the market dynamics. It involves a comprehensive assessment of major market pain points, drivers, and trends. It also comprises a detailed study of research plans and methodology.
03 Collection of Data

This process consists of gathering data, accessing proprietary databases, and reaching out to key industry participants that operate in the market across the value chain. It also involves studying several patterns in the historical data and comparing it with the current scenario.
04 Collaboration of Data

This stage involves the validation of data and arrival at actual statistics, and evolution of the market over the years. It entails the study and analyzes various segments and verticals of the market. An impact analysis is also performed to observe which factors will affect the market in the next few years.
05 Verification and Analysis

This is the final stage, which involves both quantity and quality checks. Although the process of data verification is an integral part of the research process, all data points and statistics and figures are re-checked to uphold their authenticity and validity.

Companies Mentioned

NGK
Exergy Storage
Wuhu Haili

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