iCrowd Newswire
14 Jan 2022, 21:32 GMT+10
The global lithium sulfur battery market size was valued at $0.4 billion in 2020 and is projected to reach $5.6 billion by 2030, with a CAGR of 30.1% from 2021 to 2030. Rapidly growing automotive industry across the globe, increasing electric vehicle sales, and swiftly increasing demand for lithium sulfur battery in several application areas, such as aerospace, renewable energy resources, electronic devices, power & energy, and several end-use industries, are expected to create increased opportunities for the lithium sulfur battery market during the forecast period. In addition, advantageous properties possessed by lithium sulfur battery as compared with other battery types are expected to boost the growth of the lithium sulfur battery market during the forecast period.
Download Sample Report: https://www.alliedmarketresearch.com/request-sample/12441
The presence of key issue in the production of lithium sulfur battery is the poly sulfide shuttle effect, which is responsible for leakage of active materials from the cathode results in low life cycle of the battery. In addition, manufacturers are also addressing various issues regarding large volume expansion of sulfur cathode from S to Li2S and large amount of electrolyte needed for the conversion. The above mentioned factors hamper the development of the lithium sulfur battery market.
Government plans to phase out fuel-based vehicles by 2050 and "zero carbon" targets set by governing bodies are also fostering the growth of EVs, which led to increase in demand for lithium sulfur battery. Rapid application of IoT in residential, large-scale commercial building, and smart cities has increased the demand for various sensor and electronic gadgets with specific functions. Increase in demand for all the above-mentioned products will provide ample opportunities for the the lithium sulfur battery market growth during the forecast period.
On the basis of type, the global lithium sulfur battery market is segmented into low energy density and high energy density. The power capacities introduced in the study include 0-500mAh, 501-1,000mAh, and more than 1,000mAh. In addition, end uses include aerospace, automotive, electronic device, power & energy, and others.
Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, North America accounts for the largest share of the market, followed by Europe and Asia-Pacific.
For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/12441
The major companies profiled in this lithium sulfur battery industry report include Advanced Energy Materials, Ilika PLC, Johnson Matthey, LG Chem, Morrow Batteries, NOHMs Technologies, OXIS Energy, PolyPlus, Sion Power, and Williams Advanced. Due to rapidly increasing demand for energy in recent years, governments across the world have set sights on the development of renewable energy sources, which require high energy density storage batteries. Key manufacturers are innovating and expanding their production capacities to meet market demand across the globe. Additional growth strategies, such as new product developments, acquisition, and business expansion strategies, are also adopted to attain key developments in the lithium sulfur battery market trends.
Impact Of Covid-19 On The Global Lithium Sulfur Battery Market
Emergence of COVID-19 had a negative impact on the growth of the global lithium sulfur battery market during this period.This impact is mostly attributed to significant disruptions in raw material transportation, presence of low-labor, and decline of demand for lithium sulfur battery in the industries due to shutdown.Decrease in demand for many non-essential products and shutdown of electrical, automotive, and aerospace related industries have created a negative impact on the development of the market.There is increasing demand for environment-friendly battery products and their ever growing applications in various fields such as EVs, electronic gadgets, and others. The increase in awareness among people regarding the advantages of these products will provide good opportunities for the market.Thus, the abovementioned factors are expected to limit the global lithium sulfur battery market growth during this forecast period.
Get detailed COVID-19 impact analysis on the Market: https://www.alliedmarketresearch.com/request-for-customization/12441?reqfor=covid
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Tags: Lithium-sulfur Battery Market, Lithium Sulfur Battery
See Campaign: https://www.alliedmarketresearch.com/lithium-sulfur-battery-market-A12076Contact Information:David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
Web: https://www.alliedmarketresearch.com
Follow us on: https://www.linkedin.com/company/allied-market-researchTags:Menafn, Reportedtimes, canadatousd, PR-Wirein, Empirits, Healthfirsto, lebc, Fexti, Dthai, Research Newswire, English
Get a daily dose of International Technology news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to International Technology.
More InformationPort of Spain [Trinidad and Tobago], July 5 (ANI): Prime Minister Narendra Modi paid an official visit to Trinidad and Tobago from...
Port of Spain [Trinidad and Tobago], July 5 (ANI): During his visit to Trinidad and Tobago Prime Minister Narendra Modi made a number...
Port of Spain [Trinidad and Tobago] July 5 (ANI): India and Trinidad and Tobago have signed six agreements during Prime Minister Narendra...
President Trump has ordered higher entrance fees for foreign visitors to U.S. national parks, sparking concerns from environmental...
Bhopal (Madhya Pradesh) [India], July 4 (ANI): Chief Minister Mohan Yadav on Friday transferred Laptop grants worth Rs 235.58 crore...
NANNING/GUANGZHOU, July 4 (Xinhua) -- Hidden for years in a flowerpot behind Zhan Pu's childhood home in the southern Chinese city...
Patna (Bihar) [India], July 5 (ANI): BJP leader Ravishankar Prasad on Saturday said he was 'saddened' over the murder of businessman...
Hyderabad (Telangana) [India], July 5 (ANI): Social media abuse of children must be treated without mercy for the culprits, said Telangana...
Patna (Bihar) [India], June 5 (ANI): Following the murder of prominent businessman Gopal Khemka, Bihar Director General of Police (DGP)...
(Photo credit: Isaiah J. Downing-Imagn Images) Colorado coach Deion Sanders, who has been suffering from an undisclosed medical condition,...
Washington [US], July 5 (ANI): Actress Julia Roberts and cinematographer Danny Moder marked 23 years of marriage with a private camping...
Moscow [Russia], July 5 (ANI): The Russian military has carried out a series of strikes on Ukrainian military-related targets in response...