Lithium Sulfur Battery Market Growth and Development Insight - Size, Share, Growth, and Industry Analysis - MarkNtel Advisors

 According to Markntel Advisors Report, Lithium Sulfur Battery Market is expected to grow at a significant growth rate, and the analysis period is 2021-2026, considering the base year as 2020. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

The growing regulatory & societal pressures are encouraging industries towards adopting more sustainable energy sources like wind & solar energy. Along with this, the popularity of portable electronic devices is increasing continuously, which, in turn, is infusing the need to store large energy volumes in rechargeable batteries that should be both long-lasting & affordable.

 

Lithium Sulfur Battery Market Research Report & Summary:

The Global Lithium-Sulfur Battery Market is anticipated to grow at a CAGR of around 72% during the forecast period, i.e., 2021-26.                  

Time Period Captured in the Report:

·        Historical Years: 2016-19

·        Base Years: 2020

·        Forecast Years: 2021-26

Who are the Key Players Operating in the Lithium Sulfur Battery Market?

The top companies of the Lithium Sulfur Battery Market ruling the industry are: 

A123 Systems LLC, Automotive Energy Supply Corporation, GS Yuasa International Ltd., Hitachi Chemical Co., Ltd., Johnson Controls International PLC, LG Chem Ltd., Panasonic Corporation, Samsung SDI Co., Ltd., Tesla, Inc., Toshiba Corporation, etc.

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What is Included in Lithium Sulfur Battery Market Segmentation?

The Lithium Sulfur Battery Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.  The further bifurcations are as follows:

• By Application
• Aviation
• Automotive
• Electronics
• Power Sector
• Manufacturing
• Others
• By Sales Channel
• Manufacturer/Distributor/Service Provider
• Aftermarket
• By Region
• North America
• South America
• Europe
• Middle East & Africa
• Asia-Pacific

 Explore the Complete Lithium Sulfur Battery Market Analysis Report – https://www.marknteladvisors.com/research-library/global-lithium-sulphur-battery-market.html

Market Dynamics

Key Driver: Low Costs of Lithium-Sulfur Batteries

AESBs based on Li-ion intercalation chemistry is responsible for around 50% of the cost of electric vehicles and have been stalling the electrification of road transportation. Sulfur is one of the most abundant elements found on the Earth and has an average price of $0.25/kg, which is less than a hundredth of that of LiCoO2 ($40/kg). Also, it is more cost effective to recycle sulfur than the metal elements in conventional cathode materials because of sulfur’s easier solubilization and sublimation. Therefore, lithium sulfur batteries are cheaper than lithium ion batteries and can be used in wide-range of application.

Possible Challenge: Low Electrical Conductivity of Sulfur & its Significant Volume Expansion upon Discharging

Lithium-sulfur batteries have a highly complex working mechanism, which is one of the key aspects refraining these batteries to get commercialized. The primary issues to their functioning are the low electrical conductivity & huge volume changes associated with sulfur cathode. In addition to this, the limited projected volumetric energy density of lithium-sulfur batteries makes it difficult to compete with lithium-ion technology for applications where there is limited space like electric passenger vehicles. Hence, these aspects are likely to hinder the expansion of the Global Lithium Sulfur Battery Market during 2021-26.

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