NaS Battery Market Insights Video

According to Cognitive Market Research, the global NaS Battery market size was USD 82.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 14.20% from 2024 to 2031.

• North America held the major market share for more than 40% of the global revenue with a market size of USD 33.00 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.4% from 2024 to 2031.
• Europe accounted for a market share of over 30% of the global revenue with a market size of USD 24.75 million.
• Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 18.98 million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.2% from 2024 to 2031.
• Latin America had a market share of more than 5% of the global revenue with a market size of USD 4.13 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.6% from 2024 to 2031.
• Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 1.65 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.9% from 2024 to 2031.
• The Grid and Standalone Systems category is the fastest growing segment of the NaS Battery industry