Market Insights

As per recent research by MarkNtel Advisors, “The Global Lithium-Sulfur Battery Market is anticipated to grow at a CAGR of around 72% during the forecast period, i.e., 2021-26.

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Key Driver: Low Costs of Lithium-Sulfur Batteries

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.

Market Segmentation and Consumer Behavior:

By Application

• Aviation
• Automotive
• Electronics
• Power Sector
• Manufacturing
• Others

By Sales Channel

• Manufacturer/Distributor/Service Provider
• Aftermarket

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Lithium Sulfur Battery Market Geographical Analysis:

By Region:

• North America
• South America
• Europe
• Middle East & Africa
• Asia-Pacific

Key Players and Competitive Strategies in the Lithium Sulfur Battery Market

Several prominent players dominate the Lithium Sulfur Battery Market, including:

• 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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Questions Addressed in this Study

1.What factors are driving the Lithium Sulfur Battery Market growth?

2.How is the Lithium Sulfur Battery Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Lithium Sulfur Battery Market?

4.What is the current size of the Lithium Sulfur Battery Market, and how is it projected to change in the future?

6.What is the future outlook for the Lithium Sulfur Battery Market in terms of technological advancements and market expansion?

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