Lithium-Sulfur (Li-S) Battery Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

The lithium-sulfur (Li-S) battery is one of the leading solution for energy storage. The lithium-sulfur (Li-S) battery can hold twice the energy per kilogram as conventional lithium-ion batteries. Lithium-sulfur batteries are considered as advantageous battery solution owing to its high theoretical capacity, high energy density, and natural abundance of sulfur. The Lithium-sulfur batteries can be produced with more density compared to Li-ion batteries, as sulfur has low atomic weight. Hence, the lithium-sulfur batteries have more storage capacity. Increasing investments in renewable energy sectors owing to growing awareness for clean energy, which have increased the demand for energy storage devices are the key factors driving the lithium-sulfur (Li-S) battery market over the coming years.

MARKET SCOPE

The "Global Lithium-Sulfur (Li-S) Battery Market Analysis to 2031" is a specialized and in-depth study of the storage and distribution industry with a special focus on the global market trend analysis. The report aims to provide an overview of the lithium-sulfur (Li-S) battery market with detailed market segmentation by type, power capacity, end-use industry and geography. The report provides key statistics on the market status of the leading lithium-sulfur (Li-S) battery market players and offers key trends and opportunities in the lithium-sulfur (Li-S) battery market.

MARKET SEGMENTATION

•  On the basis of type the market is segmented into low energy density and high energy density
•  On the basis power capacity, the market is segmented as 0-500mAh, 501-1,000mAh, and more than 1,000mAh
•  On the basis end-use industry, the market is segmented as Aerospace, Automotive, Electronic Device, Power & Energy, and Others

MARKET DYNAMICS

Drivers:

•  The Growing Demand for Energy Storage Capacity owing to rise in Renewable Power Generation
•  Associated Advantages of lithium sulfur battery over conventional lithium-ion batteries are the key factors attributable to the market growth

Restraints:

•  High Cost and Complex Mechanism of the battery system restraints the global lithium sulfur (Li-S) battery market.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The lithium sulfur battery market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five region, evaluating political, economic, social and technological factors affecting the lithium sulfur battery market in these regions.

IMPACT OF COVID-19 ON LITHIUM-SULFUR (Li-S) BATTERY MARKET

The outbreak of the COVID-19 has severely impacted the energy and power industries, which resulted decline in sales of electric vehicles in the year 2021. The downfall in sale of EV have directly hampered the battery manufacturers which negatively influenced the lithium-sulfur (Li-S) battery market. The battery manufacturers had struggled to gain profits by selling their products across the globe. The emergence of the pandemic had caused disruptions in supply chain, and raw material which eventually hampered the business dynamics in 2021. The demand for the lithium-sulfur (Li-S) battery market had faced several challenges in the global market. The shortage of raw materials, unavailability of distribution channel is affecting the production and sale of lithium-sulfur (Li-S) batteries. However, from the year 2021, the opening of the manufacturing industries had lead to higher demand for the lithium-sulfur (Li-S) batteries. The growing demand for energy storage, new investments and rising demand for renewable energy and associated advantages of the lithium-sulfur (Li-S) battery during the pandemic recovering period is fuleing the demand for lithium-sulfur (Li-S) batteries which in turn drives the market outlook. The developing regions in the market had witnessed a significant rise in demand for lithium-sulfur (Li-S) battery. Heavy investment in the development of renewable energy sources during the pandemic recovery period also boosted the demand for highly efficient energy storage devices such as lithium sulfur battery. In addition, increase in awareness among people has boosted the demand for eco-friendly products. Thus, the top lithium sulfur battery manufacturing companies are investing in developing the product and research institutes are further incorporating advancement in lithium sulfur batteries to commercialize the product. Emerging economies such as Asia Pacific had faced significant downfall in battery storage market during the pandemic which is expected to have a high demand owing to favourable policies and ongoing investment from battery manufacturers over the coming years.

MARKET PLAYERS

The report covers key developments in the lithium sulfur battery market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as advancement in products, reallocation of resources and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players in the lithium sulfur battery market are anticipated to provide lucrative growth opportunities in the future with growing demand for renewable power generation and supportive policies for adopting clean energy in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the lithium sulfur battery market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•  OXIS Energy Ltd.
•  PolyPlus Battery Company
•  Sion Power Corporation
•  LG Chem
•  Morrow Batteries
•  Williams Advanced Engineering Limited
•  Giner Inc.
•  Lyten Inc.
•  NexTech Batteries, Inc.
•  Li-S Energy Limited

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Lithium-Sulfur (Li-S) Battery Report Scope