MarkNtel Advisors recently published a report, titled, ” Global Lithium Sulfur Battery Market By Application (Aviation, Automotive, Electronics, Power Sector, Manufacturing, Others), By Sales Channel (Manufacturer, Aftermarket),Other. As per as the 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.
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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.
Leading Companies in Global Lithium Sulfur Battery 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, etc..
Global Lithium Sulfur Battery Market Segmentation:
By Application
-Aviation
-Automotive
-Electronics
-Power Sector
-Manufacturing
-Others
By Sales Channel
-Manufacturer/Distributor/Service Provider
-Aftermarket
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By Region
-North America
-South America
-Europe
-Middle East & Africa
-Asia-Pacific.
Geographically, of all regions, North America is set to account for the largest share in the Lithium Sulfur Battery Market during 2021-26.
Key questions answered in the Global Lithium Sulfur Battery Market are:
•What is Global Lithium Sulfur Battery Market?
•What was the market size in 2023?
•What is the growth rate of the Global Lithium Sulfur Battery Market?
•Which are the factors expected to drive the market growth?
•What are the different segments of the Global Lithium Sulfur Battery Market?
•What segments are covered in the Market?
•Who are the key players in the Global Lithium Sulfur Battery Market?
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