The Vietnam Sodium Ion Battery market size reached USD 1.84 Million in 2024 and is forecasted to grow to USD 5.01 Million by 2033, representing a CAGR of 10.52% during the period 2025-2033. The market expansion is driven by increasing government support for renewable energy integration and battery energy storage system development, rapid adoption of cost-effective alternative battery technologies, and growing industrial manufacturing capabilities due to technology transfer partnerships and foreign investment.
Study Assumption Years
Base Year: 2024
Historical Year/Period: 2019-2024
Forecast Year/Period: 2025-2033
Vietnam Sodium Ion Battery Market Key Takeaways
The market size was USD 1.84 Million in 2024.
The market is projected to grow at a CAGR of 10.52% from 2025 to 2033.
The forecast period spans from 2025 to 2033.
Vietnam's government policies focus strongly on promoting battery energy storage systems (BESS) integrated with renewable energy sources.
The sodium-ion battery segment is the most lucrative and shows the fastest growth among product types.
Sodium-ion batteries offer benefits like lower raw material costs than lithium-ion batteries and enhanced safety.
Industrial manufacturing in Vietnam is growing significantly with international investments and technology transfer partnerships.
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Market Growth Factors
The Vietnamese government has introduced measures to accelerate BESS deployment as part of the country's energy transition to renewable energy sources and as part of a carbon neutrality plan. The revised Power Development Plan VIII sets more ambitious BESS capacity targets to accommodate a larger share of solar and wind energy. The government issued Notice No. 356/TB-VPCP, requiring mechanisms to promote renewable energy systems combined with BESS, showing strong regulatory support. This provides tremendous potential for battery storage to balance the intermittent generation of renewable energy.
Development of sodium-ion battery technology is an alternative to lithium-ion technology addressing concerns about raw material supply chain constraints. Sodium-ion is the most rapidly growing and most lucrative segment, reducing material costs and risk of thermal runaway, accessing abundant resources and thereby avoiding resource depletion from increased demand and geopolitical supply risks. Decision-making approaches have been used by Vietnamese academic institutions to assess the viability of sodium-ion for use as stationary energy storage in Vietnam.
Vietnam is developing an industrial capacity for advanced batteries, supported by international technology transfer and foreign investment. Japan's Fluence partnered with ACE Engineering to open a 35GWh automated battery storage facility in Bac Giang Province. This is an important vote of confidence for the Vietnam manufacturing ecosystem, and will help to meet local demand in the key application areas of portable electronics, electric vehicles (EVs) and energy storage systems (ESS). Government initiates and directs policies to further help support growth and technology evolve throughout the forecast period.
Market Segmentation
Type Insights:
Sodium-Sulphur Battery
Sodium-Salt Battery
Sodium-Air Battery
The report segments the market by type, including sodium-sulphur, sodium-salt, and sodium-air batteries, highlighting the detailed market breakup and analysis of these categories.
Application Insights:
Stationary Energy Storage
Transportation
The application segmentation covers stationary energy storage and transportation, providing a detailed market breakup and analysis.
Regional Insights
The market encompasses key regions of Vietnam: Northern Vietnam, Central Vietnam, and Southern Vietnam, with detailed regional market analysis provided. The report does not specify a dominant region or explicit regional market statistics.
Vietnam Sodium Ion Battery Market reflects growth facilitated by government policies, strategic manufacturing investments, and renewable energy expansion across Northern, Central, and Southern Vietnam.
Key Players
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Customization Note
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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