Market Overview:
The global lithium-sulfur battery market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The high energy density lithium-sulfur battery segment is expected to dominate the market with a market share of 86% in 2018. This can be attributed to the increasing demand for high energy density batteries across various applications such as aviation, automotive, and others. Asia Pacific is expected to be the fastest growing region during the forecast period owing to the increasing demand for electric vehicles and renewable energy sources in this region.
Product Definition:
Lithium-sulfur batteries are a type of rechargeable battery that uses sulfur as the cathode material. They have a high energy density and are environmentally friendly.
Low Energy Density Lithium Sulfur Battery:
Low energy density lithium sulfur battery (LED Li-S Battery) is a type of rechargeable battery that uses the combination of lithium and sulfur as an electrolyte. The LED Li-S batteries are used in applications where high power and lightweight are required, such as electric vehicles, hybrid automobiles, portable tools & equipment and consumer electronics.
High Energy Density Lithium Sulfur Battery:
High energy density lithium sulfur battery is one of the advanced technology products which are used in electric & hybrid vehicles. It has the ability to provide more power and weight reduction as compared to other conventional batteries. The high-power density enables it to start an engine quickly, which further enhances driving experience. Growing demand for environment-friendly and lightweight batteries across various industries such as automotive, consumer electronics, etc., is expected to drive market growth over the forecast period.
Application Insights:
The automotive segment is expected to witness significant growth over the forecast period. The growing adoption of lithium- sulfur batteries in the automotive sector owing to their high energy density and ability to store large amounts of electrical energy in a small space is expected to drive the market growth over the forecast period.
The aviation segment accounted for a major share in 2018 owing to increasing demand from commercial aircraft, military aircraft, and helicopters. The rising need for replacing aging equipment with advanced technology that consumes less fuel coupled with an increase in air travelers across various regions has been contributing significantly towards product demand. In addition, favorable government regulations regarding electric vehicles are anticipated to further stimulate industry expansion during the projected timeframe.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to rising demand for portable devices, such as smartphones and laptops, in countries such as China and India. Rising disposable income of consumers coupled with increasing government initiatives towards adoption of electric vehicles is also likely to drive industry expansion over the coming years.
Europe accounted for a significant share in global lithium sulfur battery market on account of presence of major automobile manufacturers including Volkswagen Group; BMW AG; Mercedes Benz AG; Jaguar Land Rover Limited.; Audi A4 B6/B7, Q5 & SQ5 Electric Vehicle (2018 - 2030) and Volvo Car Corporation (2018 - 2030). In addition, growing aerospace sector will further propel product demand across this region during the forecast period.
Growth Factors:
- Increasing demand for electric vehicles: The global lithium-sulfur battery market is expected to grow at a CAGR of over 20% during the forecast period. This can be attributed to the increasing demand for electric vehicles, as these batteries offer high energy density and are less expensive than other types of batteries.
- Growing investments in renewable energy: Governments and private players are investing heavily in renewable energy sources such as solar and wind power, which require large-scale storage solutions. Lithium-sulfur batteries are an ideal solution for this requirement, thus driving their growth prospects.
- Rising concerns over climate change: There is an increasing awareness among people about the effects of climate change and the need to adopt clean technologies that do not emit greenhouse gases (GHGs). Lithium-sulfur batteries offer zero emissions during operation, making them a preferred choice among consumers looking for environment-friendly alternatives.
- Technological advancements: The development of new technologies that improve the performance and life cycle of lithium-sulfur batteries is aiding their growth prospects globally. For instance, researchers have developed a new type of sulfur cathode that can increase capacity by up to 50%. Such technological advancements are likely to boost market growth in the coming years . 5) Price declines :The cost associated with lithium ion battery technology has been declining rapidly due primarily because economies scale production has kicked into gear with Tesla Gigafactory 1& 2 now online
Scope Of The Report
Report Attributes
Report Details
Report Title
Lithium-Sulfur Battery Market Research Report
By Type
Low Energy Density Lithium Sulfur Battery, High Energy Density Lithium Sulfur Battery, High Energy Density Lithium Sulfur Battery had a market share of 86% in 2018.
By Application
Aviation, Automotive, Others
By Companies
OXIS Energy, Sion Power, PolyPlus
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Lithium-Sulfur Battery Market Report Segments:
The global Lithium-Sulfur Battery market is segmented on the basis of:
Types
Low Energy Density Lithium Sulfur Battery, High Energy Density Lithium Sulfur Battery, High Energy Density Lithium Sulfur Battery had a market share of 86% in 2018.
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Aviation, Automotive, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- OXIS Energy
- Sion Power
- PolyPlus
Highlights of The Lithium-Sulfur Battery Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Low Energy Density Lithium Sulfur Battery
- High Energy Density Lithium Sulfur Battery
- High Energy Density Lithium Sulfur Battery had a market share of 86% in 2018.
- By Application:
- Aviation
- Automotive
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Lithium-Sulfur Battery Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A lithium-sulfur battery is a type of rechargeable battery that uses lithium ions and sulfur to store energy. The two elements are combined in a liquid or solid form, and the battery can be recharged by inserting it into an electric charger.
Some of the major companies in the lithium-sulfur battery market are OXIS Energy, Sion Power, PolyPlus.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Lithium-Sulfur Battery Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Lithium-Sulfur Battery Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Lithium-Sulfur Battery Market - Supply Chain
4.5. Global Lithium-Sulfur Battery Market Forecast
4.5.1. Lithium-Sulfur Battery Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Lithium-Sulfur Battery Market Size (000 Units) and Y-o-Y Growth
4.5.3. Lithium-Sulfur Battery Market Absolute $ Opportunity
5. Global Lithium-Sulfur Battery Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Lithium-Sulfur Battery Market Size and Volume Forecast by Type
5.3.1. Low Energy Density Lithium Sulfur Battery
5.3.2. High Energy Density Lithium Sulfur Battery
5.3.3. High Energy Density Lithium Sulfur Battery had a market share of 86% in 2018.
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Lithium-Sulfur Battery Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Lithium-Sulfur Battery Market Size and Volume Forecast by Application
6.3.1. Aviation
6.3.2. Automotive
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Lithium-Sulfur Battery Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Lithium-Sulfur Battery Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Lithium-Sulfur Battery Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Lithium-Sulfur Battery Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Lithium-Sulfur Battery Demand Share Forecast, 2019-2026
9. North America Lithium-Sulfur Battery Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Lithium-Sulfur Battery Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Lithium-Sulfur Battery Market Size and Volume Forecast by Application
9.4.1. Aviation
9.4.2. Automotive
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Lithium-Sulfur Battery Market Size and Volume Forecast by Type
9.7.1. Low Energy Density Lithium Sulfur Battery
9.7.2. High Energy Density Lithium Sulfur Battery
9.7.3. High Energy Density Lithium Sulfur Battery had a market share of 86% in 2018.
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Lithium-Sulfur Battery Demand Share Forecast, 2019-2026
10. Latin America Lithium-Sulfur Battery Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Lithium-Sulfur Battery Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Lithium-Sulfur Battery Market Size and Volume Forecast by Application
10.4.1. Aviation
10.4.2. Automotive
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Lithium-Sulfur Battery Market Size and Volume Forecast by Type
10.7.1. Low Energy Density Lithium Sulfur Battery
10.7.2. High Energy Density Lithium Sulfur Battery
10.7.3. High Energy Density Lithium Sulfur Battery had a market share of 86% in 2018.
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Lithium-Sulfur Battery Demand Share Forecast, 2019-2026
11. Europe Lithium-Sulfur Battery Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Lithium-Sulfur Battery Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Lithium-Sulfur Battery Market Size and Volume Forecast by Application
11.4.1. Aviation
11.4.2. Automotive
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Lithium-Sulfur Battery Market Size and Volume Forecast by Type
11.7.1. Low Energy Density Lithium Sulfur Battery
11.7.2. High Energy Density Lithium Sulfur Battery
11.7.3. High Energy Dnsity Lithium Sulfur Battery had a market share of 86% in 2018.
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Lithium-Sulfur Battery Demand Share, 2019-2026
12. Asia Pacific Lithium-Sulfur Battery Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Lithium-Sulfur Battery Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Lithium-Sulfur Battery Market Size and Volume Forecast by Application
12.4.1. Aviation
12.4.2. Automotive
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Lithium-Sulfur Battery Market Size and Volume Forecast by Type
12.7.1. Low Energy Density Lithium Sulfur Battery
12.7.2. High Energy Density Lithium Sulfur Battery
12.7.3. High Energy Density Lithium Sulfur Battery had a market share of 86% in 2018.
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Lithium-Sulfur Battery Demand Share, 2019-2026
13. Middle East & Africa Lithium-Sulfur Battery Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Lithium-Sulfur Battery Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Lithium-Sulfur Battery Market Size and Volume Forecast by Application
13.4.1. Aviation
13.4.2. Automotive
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Lithium-Sulfur Battery Market Size and Volume Forecast by Type
13.7.1. Low Energy Density Lithium Sulfur Battery
13.7.2. High Energy Density Lithium Sulfur Battery
13.7.3. High Energy Density Lithium Sulfur Battery had a market share of 86% in 2018.
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Lithium-Sulfur Battery Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Lithium-Sulfur Battery Market: Market Share Analysis
14.2. Lithium-Sulfur Battery Distributors and Customers
14.3. Lithium-Sulfur Battery Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. OXIS Energy
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Sion Power
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. PolyPlus
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. COMPANY4
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. COMPANY5
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook