MarkNtel Advisors – Leading Market Research Company found Global Lithium Sulfur Battery Market is expected to reach 72% CAGR Growth By 2026.
This report provides a comprehensive analysis of the Global Lithium Sulfur Battery Market, with a focus on market size, segmentation, key players, geographical analysis, and growth in the coming years. The expert team of analysts invested considerable time and effort in collecting and analyzing the latest market data, producing a comprehensive and current report that provides valuable insights for decision-makers, including business owners and analysts.
Comprehensive Analysis of the Lithium Sulfur Battery Market
Base Year: 2020
Forecast Years: 2021-2026
Historical Years: 2016-2019
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Scope of the Lithium Sulfur Battery Market Report:
The Global Lithium-Sulfur Battery Market is anticipated to grow at a CAGR of around 72% during the forecast period, i.e., 2021-26. The growth of the market is driven primarily by the mounting inclination of many governments worldwide toward electrification in the transportation sector, coupled with their various initiatives for promoting the use of electric vehicles to curb carbon emissions.
Which prominent factor is expected to drive the Lithium Sulfur Battery Market during 2021-26?
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.
What are the different Segment Available in the Lithium Sulfur Battery Market?
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.
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Leading Lithium Sulfur Battery companies operating in the Market
- 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.
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