Sodium-Ion Battery Market Size, Share & Growth Analysis by 2035 | BIS Research

The global sodium-ion battery market is gaining significant attention as a promising alternative to lithium-ion technology. Driven by the abundance of sodium resources, lower raw material costs, and advancements in battery chemistry, sodium-ion batteries are emerging as a sustainable solution for large-scale energy storage and electric mobility applications. Their potential to reduce dependence on scarce lithium supplies is fueling research, commercialization, and investment in this sector.

According to BISResearch, the global sodium-ion battery market is projected to reach $12,036.4 million by 2035 from $435.9 million in 2024, growing at a CAGR of 37.43% during the forecast period 2025-2035.

Key Drivers in the Intelligent Materials Market

• Resource Availability and Cost Efficiency: Sodium is one of the most abundant elements on Earth, making sodium-ion batteries cost-effective compared to lithium-ion counterparts.

• Growing Demand for Energy Storage: The increasing integration of renewable energy sources, such as solar and wind, requires efficient storage solutions. Sodium-ion batteries offer high performance for stationary storage.

• Sustainability and Supply Chain Security: With geopolitical uncertainties affecting lithium supply, sodium-ion technology provides a more stable and eco-friendly alternative.

Recent Developments in the Sodium-Ion Battery Market

April 2025: Contemporary Amperex Technology (CATL) expanded its sodium-ion battery production capacity to address increasing demand from EV manufacturers seeking affordable alternatives to lithium-ion batteries.

March 2025: Altris AB received funding from the Volvo Cars Tech Fund to jointly develop sodium-ion batteries for next-generation electric vehicles and energy storage systems, emphasizing cost efficiency and sustainability.

March 2025: Natron Energy collaborated with Draslovka to boost production of Prussian blue cathode materials—an essential component of its sodium-ion batteries—through a new manufacturing facility planned in Kolin, Czech Republic.

March 2024: TIAMAT entered into a strategic partnership with a European consortium to build a sodium-ion battery supply chain, supported by EU green energy initiatives.

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Future Outlook

The sodium-ion battery market is projected to grow rapidly over the next decade, supported by technological advancements, favorable government policies, and the urgent need for sustainable energy solutions. As commercialization accelerates, sodium-ion batteries could become a competitive alternative in both stationary storage and certain electric vehicle segments.

Trending FAQs on Intelligent Materials Market

How do sodium-ion batteries compare to lithium-ion batteries?

SIBs are cheaper, safer, and use abundant sodium resources. They operate in wider temperature ranges but have lower energy density. Ideal for grid storage and low-speed EVs, they are less suited for high-performance vehicles until further R\&D boosts density.

What is driving the sodium-ion battery market?

Rising renewable integration, lithium price volatility, and technological advancements are key drivers. Government policies promoting clean energy and safer battery transport also accelerate adoption. 

Which application leads the sodium-ion battery market?

Sodium-ion batteries are rapidly advancing in large-scale energy storage, valued for affordability, safety, and abundant sodium resources. With lithium prices volatile and supply chains strained, they emerge as a strategic alternative. Technological gains enhance viability for grid applications, exemplified by BYD’s March 2025 investment to match LFP battery costs.                                                            

Who are the top sodium-ion battery companies?

• Aquion Energy (Juline-Titans LLC)

• Faradion (Reliance Industries Ltd)

• HiNa Battery Technology Co., Ltd

• BENAN Energy Technology (Shanghai) Co., Ltd (BENAN ENERGY)

• AMTE Power plc (AGM Batteries Limited)

• Natron Energy, Inc

• TIAMAT

• Jiangsu Zhongna Energy Technology Co., Ltd.

• Contemporary Amperex Technology Co. Limited (CATL)

• Bluetti Power

• Li-FUN Technology Corporation Limited

• Indi Energy

• Altris AB

• Farasis Energy

• BYD Company Ltd

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What is the market outlook for sodium-ion batteries?

The sodium-ion battery market is poised for rapid growth, driven by abundant raw materials, lower costs, and advancements in performance. Rising demand for renewable energy storage and affordable EV solutions supports adoption. With increasing investments and commercialization, sodium-ion batteries are set to become a competitive alternative to lithium-ion technologies.