Lithium-Sulfur (Li-S) Battery Market EVOLVING TRENDS AND OPPORTUNITIES BY 2028

Lithium-Sulfur (Li-S) Battery market expects a progressive growth of up to 2028 at a CAGR of 29.6%.

QMI studied the market dynamics of Lithium-Sulfur (Li-S) Battery Market and it states that the Lithium-Sulfur (Li-S) Battery Market was valued at USD 696.1 Million in 2019 and is anticipated to reach USD 6,686.2 Million by 2028, with a CAGR of 29.6% during the forecast period. Because of the increasing demand for green energy with high energy density compared to other types of batteries, Li-S batteries are mainly used in the aviation, automotive, electronic devices, and power & energy sectors.

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Technical insights on Lithium-Sulfur (Li-S) battery by QMI-

The Lithium-Sulfur (Li-S) battery is an energy storage technology that can hold twice as much energy as conventional Li-ion batteries. Lithium-sulfur batteries are considered promising battery systems for various end-use market applications, due to their high theoretical capacity and natural sulfur abundance.

The driving factor for the Lithium-Sulfur battery technology is highly theoretical and practical energy density which is achieved by combining a lithium-metal anode with a sulfur cathode.

Know more about the market-

The use of nanotechnology in batteries is a key emerging trend in the global Lithium-Sulfur (Li-S) battery market. In the process of battery production and development, experts and manufacturers are increasingly using nanotechnology, as this helps improve the compatibility of power supplies. It is anticipated that the increasing introduction of electric vehicles (EVs), hybrid plug-in EVs and hybrid EVs and the growing emphasis on renewable energy will drive market growth. Li-S nanotechnology-enabled batteries are expected to deliver an energy density at least three times greater than conventional Li-ion batteries. In the coming years, Li-S battery technology could transform the way of various end-use battery applications, including phones, cars, computers, and solar grids.

Key Factors Impacting Lithium-Sulfur (Li-S) Battery Market Growth:

o Rising pollution and stringent government rules and regulations

o Use of nanotechnology in batteries

o Growing focus on renewable energy as an alternative to conventional
energy sources

o Reduction of disposable battery waste

The report analyzes factors affecting the Lithium-Sulfur battery market from both demand and supply side and further analyses market dynamics affecting the market during the forecast year such as driver, restrain, opportunities and future trends. The report also provides a comprehensive Porter model analysis on the Lithium-Sulfur battery market for all six regions namely; North America, Western Europe, Eastern Europe, Asia Pacific, Middle East and the Rest of the world.

Interesting Developments in the market:

o On January 12, 2020, Researchers from Melbourne’s Monash University development of world’s most efficient Lithium-Sulfur (Li-S) battery, which is capable of powering a smartphone for five continuous days and allow an electric vehicle to drive more than 1000 kilometers without charging.

o In May 2019, Researchers at Chalmers University of Technology, Sweden, unveiled Lithium-Sulfur (Li-S) batteries, using a catholyte with the help of a graphene sponge. Their development results in higher utilization of sulfur and more environmentally friendly batteries.

Various outlooks for better understanding of this market and its growth prospects

End-User Outlook

Li-S batteries are widely used in end-use industries such as aerospace, automotive, electronic devices, and power & energy. The continuing growth of the automotive industry has led to increased demand in the automotive sector for lithium-sulfur batteries. Lithium-ion batteries are capable of satisfying automotive industry requirements. Such requirements are high capacities for safety power and low emissions. In the automotive sector, these batteries are used in hybrid and electric vehicles.

Power Capacity Outlook

The segment power capacity was divided into three types such as 0-500 mAh, 501-1000 mAh, and over 1000 mAh, respectively. Sulfur delivers a high theoretical capacity of nearly 1,675 mAh/gram, which is high compared to other Li-ion battery cathode materials.

Regional Outlook:
Based on geography, the battery market for Lithium-Sulfur is distributed across the following regions: North America, Western Europe, Eastern Europe, Asia Pacific, Middle East and the rest of the world. Due to the high adoption of drones in the defense sector, and increased use of electric vehicles, in particular, e-bikes, North America expected a dominant global Li-S market. But the growing need for lightweight power sources in EVs, portable devices, and industrial equipment is also driving the North American region’s Lithium-Sulfur battery market.

Some of the Lead-acid batteries become unusable when they stop yielding efficiency and are considered hazardous waste. In addition, the recycling of lead-acid batteries was conducted in highly populated areas with limited pollution controls, which significantly affected the environment and the resident population in these areas.

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Competitive Landscape:

The battery market for lithium-sulfur is rapidly growing and is expected to show high growth. It is driven largely by companies that focus on battery technologies and have the experience of providing pollution-free service solutions to reduce the carbon footprint.

Major enterprises are investing in new product development research and development activities. Key players active in the Li-S battery market adopt inorganic development strategies such as acquiring local brands to capture market share. Similarly, other business models, such as joint venture and market entry strategies, help prominent vendors to make their market presence felt and their product portfolio increased.

The key players leading in the market are
o Oxis Energy,
o Poly Plus, and
o Sion Power

By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this Lithium-Sulfur (Li-S) battery market industry analysis report will aid clients to identify new growth opportunities and design new growth strategies. Additionally, the report also provides an accurate prediction of the contribution of the various segments to the growth of the Lithium-Sulfur (Li-S) battery market size. This report on the Lithium-Sulfur battery market also includes the profiles of key companies along with their SWOT analysis and market strategies. In addition, these competitive landscapes provide a detailed description of each company including future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launch, new product developments, and other latest industrial developments.

Market Segmentation:

By Power Capacity:
0-500 mAh
501-1000 mAh
Above 1000 mAh

By End User:
Aerospace
Automotive
Electronic Device
Power & Energy
Others

By Region:

North America
By Country (US, Canada, Mexico)
By End-User
By Power Capacity

Western Europe
By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
By End-User
By Power Capacity

Eastern Europe
By Country (Russia, Turkey, Rest of Eastern Europe)
By End-User
By Power Capacity

Asia Pacific
By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
By End-User
By Power Capacity

Middle East
By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
By End-User
By Power Capacity

Rest of the World
By Region (South America, Africa)
By End-User
By Power Capacity

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