Sodium ion battery is a rechargeable battery using sodium ions as charge carriers. It is used to power various applications such as electric vehicles, toys, drones, and many more. The main element used in these batteries is sodium which is a naturally abundant element and is much cheaper. In sodium ion batteries, ions are traveled between electrodes through the electrolyte. The market is expected to show significant growth due to increasing demand for consumer electronics such as cameras, laptop, game player, toys, and others; and due to the high penetration of smart devices. In addition, increasing market of the electric vehicle further augments the growth of the market. Another major factor driving the growth of the market include low cost of sodium ion batteries as compared to other batteries such as lithium-ion batteries and nickel-cadmium batteries. However, the presence of alternatives in the market hinders the growth of the market.