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DUBLIN–(BUSINESS WIRE)–August 16, 2022–

The report “Global Lithium Sulfur Battery Market Research Report: Forecast (2021-2026)” has been added to ResearchAndMarkets.com’s offering.

A Lithium-Sulfur battery is a rechargeable battery with a much higher charge density compared to a Lithium-Ion battery.

Companies cited

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

Aviation sectors show the fastest growth

Among various applications, the aviation sector is expected to witness the fastest growth in the global lithium sulfur market during the period 2021-2026. Demand for the lithium-sulfur battery is propelling itself into aviation as the batteries are ultra-light weights that aim to double the range of electric planes. Deployment of batteries in electric aerospace propulsion is also booming, aiming to make vertical take-off and landing (VTOL) a reality for electric passenger aircraft.

In addition to this, due to its relatively high energy density, long life, low cost and safer alternative to lithium-ion, the need for lithium-sulfur battery is increasing in the world. electric aviation. Moreover, the growing application of drones is expected to greatly contribute to the overall market growth in the coming years, reveals

Market opportunities

According to publisher’s research report, “Global Lithium-Sulfur Battery Market Analysis, 2021″, the market is expected to grow at a CAGR of 72.04% in 2021-26F. The demand for lithium-sulfur batteries in various sectors is growing at a steady pace as they are environmentally friendly and a viable alternative to lithium-ion batteries.

Sulfur for battery is well obtained from industrial waste from bio-renewable raw materials, which are readily available, non-toxic and environmentally friendly. In addition, increased public investment in electric vehicles to curb growing carbon emissions in transportation and the flourishing application of batteries in drones and energy storage systems are critical aspects that may create an opportunity. of lucrative growth for the market over the forecast period.

Asia-Pacific Expected to Reach Highest CAGR

Asia-Pacific is expected to reach the highest CAGR in the global lithium-sulfur battery market during the period 2021-2026, during which China has acquired the majority of the market share. This is due to the growing adoption of renewable energy and an increase in government investment in electric vehicles and subsidies offered to increase sales of electric vehicles.

Moreover, the demand for the lithium-sulfur battery is booming in grid-connected solutions due to the increasing demand for electricity in the electrical and manufacturing industries. Moreover, rising investment in the development of high-performance lithium-sulfur batteries and their rising demand in aerospace and electronics industries are other crucial factors that are further fueling the overall market growth.

Impact of COVID-19

The wake of COVID-19 has impacted the global lithium-sulfur battery market due to reduced demand for electric vehicles due to supply chain disruptions, temporary shutdown of manufacturing units and the shutdown of various ongoing infrastructure projects. However, with the gradual lifting of the restrictions, the market is recovering and is expected to grow at a steady pace over the forecast period.

Answers to key questions in the market research report

1. What are the overall market statistics or market estimates (market overview, market size by value, forecast figures, market segmentation, market shares) of the global lithium-sulfur battery market?

2. What is the industry size by region, growth drivers and key market trends?

3. What are the key innovations, opportunities, current and future trends, and regulations in the global lithium-sulfur battery market?

4. Who are the key competitors, their key strengths and weaknesses, and how do they fare in the Global Lithium-Sulfur Battery Market based on the Competitive Benchmarking Matrix?

5. What are the key findings from the market research conducted during the study on the Global Lithium Sulfur Battery Market?

Main topics covered:

1. Introduction

2. Preface

3. Executive Summary

4. Impact of COVID-19 on the Global Lithium-Sulfur Battery Market

5. Global Lithium-Sulfur Battery Market Outlook, 2016- 2026F

5.1. Market size and analysis

5.1.1. Market income

5.2. Market share and analysis

5.2.1. By app

5.2.2. By sales channel

5.2.3. By region

5.2.4. By company

6. North America Lithium-Sulfur Battery Market Outlook, 2016- 2026F

7. South America Lithium-Sulfur Battery Market Outlook, 2016- 2026F

8. Europe Lithium-Sulfur Battery Market Outlook, 2016- 2026F

9. Middle East & Africa Lithium Sulfur Battery Market Outlook, 2016- 2026F

10. Asia-Pacific Lithium-Sulfur Battery Market Outlook, 2016- 2026F

11. Global Lithium-Sulfur Battery Market Trends and Developments

12. Global Lithium-Sulfur Battery Value Chain Analysis

13. Global Lithium Sulfur Battery Regulations and Policies

14. Global Lithium-Sulfur Battery Market Dynamics

14.1. Impact analysis

14.2. Drivers

14.3. Challenges

15. Global Lithium Sulfur Battery Market Key Strategic Imperatives for Success and Growth

16. Global Lithium-Sulfur Battery Market Hotspots and Opportunities

17. Competitive Benchmarking

18. Disclaimer

For more information about this report visit https://www.researchandmarkets.com/r/5ordap

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KEYWORD:

INDUSTRY KEYWORD: BATTERY TECHNOLOGY

SOURCE: Research and Markets

Copyright BusinessWire 2022.

PUBLISHED: 08/16/2022 11:20 a.m. / DISK: 08/16/2022 11:22 a.m.

http://www.businesswire.com/news/home/20220816005742/en