Lithium Sulfur Batteries Global Market Estimated To Grow At 35% Rate
The Business Research Company’s Lithium Sulfur Batteries Global Market Report 2022: Market Size, Trends, And Forecast To 2026
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As per The Business Research Company's "Lithium Sulfur Batteries Global Market Report 2022”, the lithium sulfur batteries market is predicted to reach a value of $0.43 billion in 2022 at a compound annual growth rate (CAGR) of 35.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The lithium sulfur batteries market size is expected to grow to $1.18 billion in 2026 at a CAGR of 29.0%. Rising government investment in electric vehicles is significantly driving the growth of the lithium-sulfur batteries market.
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Key Trends In The Lithium Sulfur Batteries Market
Growing technological advancements are a key trend gaining popularity in the lithium-sulfur batteries market. Major companies operating in the lithium-sulfur batteries sector are focused on developing new technological solutions to accelerate their growth in the market. For instance, in September 2021, Lyten, a US-based advanced materials company, launched lithium-sulfur battery LytCell EV for electric vehicles. Lyten Sulfur Caging is a technology employed in LytCell batteries to unlock the performance ability of sulphur by preventing the poly-sulfide shuttle, a cycle-life limiting issue that has prohibited practical Li-S application in battery electric vehicles up to now. This recent Silicon Valley battery invention is intended to produce three times (3X) the gravimetric energy density of traditional lithium-ion (Li-ion) batteries and is being developed exclusively for the electric vehicle (EV) sector.
Overview Of The Lithium Sulfur Batteries Market
The lithium-sulfur batteries market consists of sales of lithium-sulfur batteries by entities (organizations, sole traders, and partnerships) that are used for efficient electric transportation in various devices such as in power backups, satellites, drones, military vehicles, and others. Lithium-sulfur batteries have the potential for serving as promising next-generation rechargeable and high energy density batteries due to the high gravimetric energy, reduced raw materials cost, light-weight, improved safety characteristics, non-toxicity, the low environmental burden associated with the cell materials, and high sustainability of sulfur which is abundant in nature.
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Lithium Sulfur Batteries Global Market Report 2022 from TBRC covers the following information:
Market Size Data
Forecast period: Historical and Future
By region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
By countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Market Segmentation
By Type: Low Energy Density Lithium Sulfur Battery, High Energy Density Lithium Sulfur Battery
By Power Capacity: 0-500mAh, 501-1000 mAh, Above 1000 mAh
By Application: Aviation, Automotive, Electronics, Power Sectors, Others
By Geography: The global lithium sulfur batteries market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America holds the largest share in the market.
Major market players such as A123 Systems, Amicell Industries, Enerdel, SouthWest Electronic Energy Group, Quallion, Valence Technology, EEMB Battery, Panasonic Corporation, Exide Technologies, Johnson Controls International PLC, SANYO Energy, Ener1
Trends, Opportunities, Strategies And So Much More.
Lithium Sulfur Batteries Global Market Report 2022 is one of The Business Research Company’s comprehensive reports that provides in-depth lithium sulfur batteries market research. The market report analyzes lithium sulfur batteries market size, lithium sulfur batteries market growth drivers, lithium sulfur batteries market segments, lithium sulfur batteries market major players, lithium sulfur batteries market growth across geographies, and lithium sulfur batteries market competitors’ revenues and market positioning. The lithium sulfur batteries market report enables you to gain insights on opportunities and strategies, as well as identify countries and segments with the highest growth potential.
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