LATAM Sodium Nickel Chloride Battery Market Outlook 2028

Sodium-nickel chloride (NaNiCl2) battery, also known as ZEBRA battery, is an energy storage battery technology. The battery is based on electrochemical charge/discharge reactions, which occur between the cathode and anode. The major constituents of battery are elementary cells composed of electrodes, electrolyte & separator, modules, and power conversion system. The Latin America (LATAM) sodium-nickel chloride battery market is anticipated to grow with a CAGR of 42.9% throughout the forecast period, i.e., 2021-2028. Factors such as the transitional shift from conventional to alternative renewable energy sources, and the need for efficient energy storage systems are anticipated to drive the market growth. For instance, the solar capacity in LATAM is estimated to reach close to 300MW and grow by a factor of 40 by 2050. Additionally, the Latin America (LATAM) sodium-nickel chloride battery market is further anticipated to touch around USD 113 Million by 2028 from around USD 0.8 Million in 2019.

The Latin America (LATAM) sodium-nickel chloride battery market consists of various segments that include segmentation by power capacity, and by application. The application segment is further divided into transportation and stationary applications, out of which, the stationary applications segment is projected to hold the largest value of around USD 9 Million by 2028. Consecutively, the power capacity segment is further bifurcated into below 200kW, 20-400kW, and above 400kW, out of which, the below 200kW segment is anticipated to hold the largest market share by the end of 2028.

Some of the key players in the Latin America (LATAM) sodium-nickel chloride battery market are FZSONICK S.A., Chilwee Group Co., Ltd., Lina Energy Ltd, Battery Consult AG, Beta Research Ltd, and others.