Lithium-Sulfur Battery Market

Global Lithium-Sulfur Battery Market is valued at USD 0.8 Billion in 2020 and is expected to reach USD 5.47 Billion by 2027 with a CAGR of 31.6% over the forecast period.

Global Lithium Sulfur Battery Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2028- Its growing demand in electric vehicles and aviation industry, rising adoption of renewable energy, and increasing research and development are some of the major factors driving the growth of the Global Lithium-Sulfur Battery Market.

Scope of Global Lithium-Sulfur Battery Market Report:-

Lithium sulfur battery is a device made of lithium and sulfur which can store electrical charge. These batteries are rechargeable means, they can be charged and used again after they get discharged. Lithium-sulfur batteries have notable properties. Some of the vital properties of lithium sulfur batteries are high specific energy, less weight as lithium and sulfur have low weight. Lithium-sulfur succeeds over lithium ion battery (which is also another similar type of lithium battery) as lithium sulfur batteries have high density and low cost as cobalt which is used in lithium ion batteries are expensive compared to sulfur. Lithium sulfur batteries have applications in power, automotive and electronic domains. Lithium Sulfur batteries were invented by Herbert and Ulam in 1962.

The Covid-19 outbreak has shown a negative impact on the lithium sulfur battery market. Decline in demand for many insignificant items and closure of electrical, automotive, and aerospace related businesses attributable to Covid-19 effect contrarily affect the improvement of the lithium sulfur battery market. The pandemic has affected the worldwide lithium-sulfur battery market because of a drop in the demand for electric vehicles inferable from interruptions in the supply chain, transitory closure of assembling units, and end of different progressing infrastructural projects. However, heavy investment for the improvement of investment the during the pandemic increased the demand for extremely effective energy storage devices like lithium sulfur battery and also growing awareness among individuals have also boosted the demand for numerous eco-friendly products.

Global Lithium-Sulfur Battery Market Segmentation:-

Global lithium sulfur battery market is segmented on the basis of type, end-user and region & country level. Based on type, the global lithium sulfur battery market is divided into low energy density and high energy density. Based on end user, the lithium sulfur battery market can be classified into aerospace, automotive, electronics, power sector and others.

By Type:

• Low Energy Density 
• High Energy Density

By End User:

• Aerospace
• Automotive
• Electronics
• Power Sector
• Others

Lithium-Sulfur Battery Companies

Some of the key players for global lithium sulfur battery market are

• Advanced Energy Materials
• Ilika PLC
• Johnson Matthey
• LG Chem
• Morrow Batteries
• NOHMs Technologies
• OXIS Energy
• PolyPlus
• Sion Power
• Williams Advanced 
• others.

Recent Developments

News- Kevlar Fibres Fortify Lithium Sulphur Battery with 5x Capacity of Li-Ion

On January 16^th, 2022; Researchers from University of Michigan used Kevlar fibres with lithium sulphur batteries. As lithium sulfur batteries provide five times more energy compared to lithium-ion batteries but get unstable over time, this problem is solved by suing fibres which provide stability to lithium-ion batteries.

Novel Strategy to Fabricate Advanced Lithium-Sulfur Battery Electrodes

On December 22^nd, 2021; a group of scientists developed a permeable 3D carbon fiber network doped with cobalt matrix for concurrent fabrication anodes and cathodes of Li-S batteries. Lithium-sulfur batteries (LSBs) are viewed as the ideal next-generation fuel cells due to their high hypothetical energy density. However, their inherent issues seriously limit their industrial applications. This recently published research hopes to overcome these issues.

Lyten Developed Graphene-Enhanced Lithium-Sulfur Batteries for EVs

On November 1^st, 2021; Lyten developed a graphene-upgraded lithium-sulfur battery for electric vehicles. The battery apparently achieved a higher gravimetric energy density than traditional lithium- ion and strong state innovations. Lyten has past joint efforts with the US government for military projects. The item was named LytCell EV and was intended to deliver multiple times the energy density of customary lithium-particle batteries. The organization detailed 900 Wh/kg, precisely three times as much as the batteries available for use today. Lyten Sulfur Caging is the name of the innovation utilized in LytCell batteries to open the presentation capability of sulfur by ending the development of polysulfide, a cycle-life compromising factor that has up to this point prevented the reasonable utilization of Li-S in electric vehicles battery fueled.

Lithium-Sulfur Battery Startup Launched By A&M Professor

On September 2^nd, 2021; Mechanical Engineering teacher Choongho Yu was researched on lithium-sulfur batteries concerning productivity and market potential. Lithium-particle batteries are the business standard in the electric vehicle market, however consistently are turning out to be progressively hard to improve. Be that as it may, lithium-sulfur batteries could before long be an solution for more effective batteries and less expensive vehicles. Flexodes, a lithium-sulfur battery organization utilizing inventions from Texas A&M professor Choongho Yu, is hoping to run after this solution. The objective of this improvement is to eventually transfer this innovation to the market.

Its Growing Demand in Electric Vehicle and Aviation Industry, Rising Adoption of Renewable Energy Devices and Increasing Research & Development in This Field are the Some of the Major Factors Driving the Market Growth

The main factor driving the market growth is its growing demand in electric vehicle and aviation industry. Electric vehicle (EV) is a vehicle which functions on electric power. Along with other functions of a vehicle like lights, air conditioning the engine of an electric vehicle operates on electric power. Therefore an electric battery which is a power source for the electrical vehicle is the main component of an electric vehicle. As lithium sulfur batteries provide high energy density which means that the batteries have high energy to weight ratio compared to other batteries, this reduces cost of manufacturing. Lithium sulfur battery pack utilizing a graphene sulfur composite cathode and a lithium metal anode protected by a lithium- ion conductive layer, for genuine EV applications. Thus, the electrical vehicle demand is increasing in the current century. For instance; according to International Energy Agency in 2021, 5.6 million electric vehicles are present in the world.

In addition, rising adoption of renewable energy devices are also supplementing the demand for Lithium Sulphur batteries. The development of renewable energy devices has expanded quickly as of late as the requirement for portable electronics has soared. As a result, new sorts of battery cells are being made in addition to the standard lithium- ion batteries (LIBs). In this specific circumstance, lithium-sulfur batteries (LSBs) offer several advantages over other energy storage gadgets, including high storage capacity, high power density, and low cytotoxicity. Furthermore, increasing research & development activities in this field are also supplementing the market growth. For example; in May 2019, Researchers at Chalmers University of Technology, Sweden; uncovered Lithium-Sulfur batteries utilizing a catholyte with the assistance of a graphene wipe. It resulted about the expanding use of sulfur and all the more environment friendly ecosystem batteries to satisfy the need for an electric future.

However, complex battery design may hamper the global lithium sulfur battery market growth. In spite of that, increasing advancements in nanotechnology has increased compactness of the lithium sulfur battery which can provide various opportunities for the further growth of the global lithium sulfur battery market.

North America is Expected to Dominate the Global Lithium-Sulfur Battery Market

North America is expected to dominate the global lithium sulfur battery market within the forecast period due to the growing adoption of electric vehicles, technological advancement and presence of key companies in this region. For example; according to the International Council of Clean Transportation, in 2020, the electric portion of new vehicle sales was roughly 2.4% in the United States, an increment from around 2% in 2019. With approximately 330,000 new sales in 2020, the United States is the third major electric vehicle market. In addition, presence of key players also drive the market growth in this region. For instance; Lyten, a high level materials organization, is disturbing the electric vehicle battery industry with the launch of its LytCell E lithium-sulfur battery stage. This most recent development is intended to deliver multiple times the gravimetric energy density when compared to conventional lithium- ion batteries.

Asia Pacific is projected to show a fastest growth in the global lithium sulfur battery market due to growing demand from aviation industry and increasing awareness about renewable energy devices in this region. For example; according to India Brand Equity Foundation; Aviation industry is the fastest growing industry in India and is the third largest industry in India. For instance; according to Sp’s AirBuz around 450 aircrafts are manufactured yearly in India. According to the official Boeing website, Boeing, which the best aerospace industry in the world has around 16 manufacturing plants in Asia. Therefore the rise in aviation industry in Asia leads to a dominant residence for lithium-sulfur market in this region.

On Special Requirement lithium-sulfur market Report is also available for below Regions and Countries:

North America

• U.S.
• Canada

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Switzerland
• Belgium
• Rest of Europe

Asia-Pacific

• South Korea
• Japan
• China
• India
• Australia
• Philippines
• Singapore
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Colombia
• Brazil
• Argentina
• Peru
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Report Analysis	Details
Historical data	2015 - 2020
Forecast Period	2021 - 2027
Market Size in 2020:	USD 0.8 Billion
Base year considered	2020
Forecast Period CAGR %:	31.6%
Market Size Expected in 2028:	USD 5.47 Billion
Tables, Charts & Figures:	175
Pages	200
Lithium-Sulfur Battery Companies	Advanced Energy Materials, Ilika PLC, Johnson Matthey, LG Chem, Morrow Batteries, NOHMs Technologies, OXIS Energy, PolyPlus, Sion Power, Williams Advanced, and others.
Segments Covered	By Type, By End User
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa

 

Key Benefits of Global Lithium-Sulfur Battery Market Report:-

• Global Lithium-Sulfur Battery Market report covers in-depth historical and forecast analysis.
• Global Lithium-Sulfur Battery Market research report provides detailed information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
• Global Lithium-Sulfur Battery Market report helps to identify opportunities in the marketplace.
• Global Lithium-Sulfur Battery Market report covers an extensive analysis of emerging trends and the competitive landscape.