Registering a CAGR of 30.7% over the forecast period of 2022-2027, the global Lithium-Sulfur Battery Market is anticipated to reach the market value of $5.6 billion by 2027 from $0.4 billion in 2020.
Rise in demand for electric vehicles and other intensively electric power-driven transportation vehicles and government policies to the development of electric vehicles and their targets toward “zero carbon” are anticipated to drive the development of the market during the forecast period. Growing investments of major countries across the world in renewable energy sectors, such as wind farms and solar farms, after the energy crisis in the pandemic period have increased the claim for energy storage devices. The growth in temperature due to global warming led to major advanced and developing countries to phase out thermal power plants and invest in renewable energy sources. Sudden increase in renewable energy power generation in China has put great load on the energy transmission and distribution system, which led to the application of battery to store excess power. The above-mentioned application and demand are the major factors fostering the development of the lithium sulfur battery market.
In the packaging of medical and food products, moisture control is the main concern, and thermoform plastic acts as barrier films to bring the product in good condition. Thin walling used in various packaging applications has been an additional development factor for the market.
The Lithium-Sulfur Battery Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market includes OXIS Energy, Sion Power, PolyPlus
In January 2020, Worlds most efficient and long-lasting Lithium-Sulphur battery promises to Double EV Range. Researchers from Melbourne’s Monash University, by designing a novel robust cathode structure, researchers now made a lithium-sulfur battery that can be recharged several hundred times. The cells have an energy capacity four times that of lithium-ion, which typically holds 150 to 200 watt-hours per kilogram. It is capable of powering a smartphone for five continuous days and allow an electric vehicle to drive more than 1000 kilometers without charging.
In May 2019, Researchers at Chalmers University of Technology, Sweden, unveiled Lithium-Sulphur batteries, using a catholyte with the help of graphene sponge. This resulted in the utilization of sulfur and more environmentally friendly batteries.
Lithium-Sulfur Battery Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
By Applications it is segmented into
North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa are all investigated in the worldwide lithium-sulfur battery market. Because of developments in the energy & power industry and a rising trend of energy storage in countries like the United States and Canada, North America is predicted to lead the worldwide lithium-sulfur battery market during the forecast period. To enable safe electrification of EV applications in Europe, the lithium-sulfur for safe road electrification (LISA) project was started. In Europe, the HELIS project was started to solve concerns related to the stability of the lithium anode during cycling and cell integration into commercial devices.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 30.7% over the forecast period (2022-2027) |
By Type |
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By Application |
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By Companies | OXIS Energy, Sion Power, PolyPlus |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 130 |
Customization Available | Yes, the report can be customized as per your needs |
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Who are the key players in Lithium-Sulfur Battery Market?
OXIS Energy, Sion Power, PolyPlus
What regions does this Lithium-Sulfur Battery Market report cover?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Lithium-Sulfur Battery Market?
Low Energy Density Lithium Sulfur Battery, High Energy Density Lithium Sulfur Battery, Others
What are the major end-use applications of the Lithium-Sulfur Battery Market?
Aviation, Automotive, Other
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SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
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EXPERT VALIDATION
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REPORT WRITING/ PRESENTATION
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