Lithium Sulfur Battery Market: Business Strategies, Regional Overview, Industry Size and Opportunities by 2030
lithium sulfur battery market
Lithium Sulfur Battery Market to Witness Huge Growth by 2030 โ Williams Advanced, PolyPlus Battery, OXIS Energy, etc.
WILMINGTON, DELAWARE, UNITED STATES, April 30, 2024 /EINPresswire.com/ -- According to a new report published by Allied Market Research, titled, "Lithium Sulfur Battery Market by Type, Power Capacity, and End Use: Global Opportunity Analysis and Industry Forecast, 2020-2030,"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.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐: https://www.alliedmarketresearch.com/request-sample/12441
There are increasing future applications of lithium sulfur batteries in planetary landers, planetary rovers, planetary orbiters, and other satellite equipment. The rapid innovation and development of aerospace technologies led to an increase in space-based activities, which boosted the need for highly efficient power sources to drive the equipment. The presence of top aerospace manufacturing companies, such as SpaceX, Boeing, and Airbus, with rapid innovations in the aerospace sector has increased the demand for high energy density storage batteries. In addition, the gradual depletion of resources on the planet and increasing population led to a search for suitable habitation places on other celestial bodies, which is also one of the driving factors for the growth of the lithium sulfur battery market. In 2021, Sion Power partnered with Airbus Defense and Space to test its lithium sulfur battery technology. It also has applications in Bluetooth devices, such as headphones, and is also a rechargeable battery for digital cameras, torches, shavers, and other devices. These above-mentioned electronic devices are used in the daily life of every individual, thereby increasing the demand for lithium sulfur battery. These are the major driving factors for the growth of the market.
The presence of a key issue in the production of lithium sulfur battery is the poly sulfide shuttle effect, which is responsible for the leakage of active materials from the cathode resulting in low life cycle of the battery. In addition, manufacturers are also addressing various issues regarding the large volume expansion of sulfur cathode from S to Li2S and the large amount of electrolyte needed for the conversion. The above-mentioned factors hamper the development of the lithium-sulfur battery market.
๐๐๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ฐ๐ข๐ญ๐ก ๐ฒ๐จ๐ฎโ๐ซ๐ ๐๐๐ช๐ฎ๐ข๐ซ๐๐ฆ๐๐ง๐ญ๐ฌ: https://www.alliedmarketresearch.com/request-for-customization/12441
The 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 an increase in demand for lithium sulfur batteries. Rapid application of IoT in residential, large-scale commercial buildings, and smart cities has increased the demand for various sensors and electronic gadgets with specific functions. An increase in demand for all the above-mentioned products will provide ample opportunities for the growth of the lithium sulfur battery market 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 devices, power & energy, and others.
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
The Lithium Sulfur Battery industry's key market players adopt various strategies such as product launch, product development, collaboration, partnership, and agreements to influence the market. It includes details about the key players in the market's strengths, product portfolio, market size and share analysis, operational results, and market positioning.
๐๐จ๐ฆ๐ ๐จ๐ ๐ญ๐ก๐ ๐ฆ๐๐ฃ๐จ๐ซ ๐ค๐๐ฒ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐ ๐ฅ๐จ๐๐๐ฅ ๐๐ข๐ญ๐ก๐ข๐ฎ๐ฆ ๐๐ฎ๐ฅ๐๐ฎ๐ซ ๐๐๐ญ๐ญ๐๐ซ๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐ข๐ง๐๐ฅ๐ฎ๐๐,
OXIS Energy
LG Chem
Advanced Energy Materials
PolyPlus Battery
Ilika PLC
Johnson Matthey
NOHMs Technologies
Morrow Batteries
Sion Power
Williams Advanced
๐๐ซ๐๐ฌ๐ฌ ๐๐๐ฅ๐๐๐ฌ๐: https://www.alliedmarketresearch.com/press-release/lithium-sulfur-battery-market.html
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.
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 the 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.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/12441
๐๐๐ฒ ๐๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐ฌ๐ญ๐ฎ๐๐ฒ:
- Region-wise, North America is projected to witness growth at the highest CAGR in terms of revenue during the forecast period.
- As per the lithium-sulfur battery market analysis, by type, the high energy density segment accounted for the largest share in 2020.
- On the basis of battery capacity, the 0-500mAh segment was the major share contributor in 2020.
- Depending on end use, the automotive segment accounted for the largest market share in 2020.
๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ข๐ง ๐๐ง๐๐ซ๐ ๐ฒ ๐๐ง๐ ๐๐จ๐ฐ๐๐ซ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:
๐. ๐๐ซ๐๐๐ญ๐ก๐ข๐ง๐ ๐๐๐ญ๐ญ๐๐ซ๐ฒ ๐๐๐ซ๐ค๐๐ญ - https://www.prnewswire.com/news-releases/breathing-battery-market-to-reach-46-6-million-globally-by-2032-at-10-7-cagr-allied-market-research-301884050.html
๐. ๐๐ซ๐๐๐ญ๐ข๐จ๐ง ๐๐๐ญ๐ญ๐๐ซ๐ฒ ๐๐๐ซ๐ค๐๐ญ - https://www.globenewswire.com/news-release/2021/11/11/2332543/0/en/Traction-Battery-Market-Is-Expected-to-Reach-69-2-Billion-by-2030-Says-AMR.html
๐. ๐.๐. ๐ ๐จ๐ซ๐ค๐ฅ๐ข๐๐ญ ๐๐๐ญ๐ญ๐๐ซ๐ฒ ๐๐๐ซ๐ค๐๐ญ - https://www.globenewswire.com/news-release/2021/10/25/2319935/0/en/U-S-Forklift-Battery-Market-Is-Expected-to-Reach-1-78-Billion-by-2030-Says-AMR.html
๐. ๐๐๐๐จ๐ฑ ๐ ๐ฅ๐จ๐ฐ ๐๐๐ญ๐ญ๐๐ซ๐ฒ ๐๐๐ซ๐ค๐๐ญ - https://www.prnewswire.com/news-releases/redox-flow-battery-market-to-reach-403-0-mn-globally-by-2026-at-15-2-cagr-amr-301040101.html
๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
Allied Market Research is a top provider of market intelligence that offers reports from leading technology publishers. Our in-depth market assessments in our research reports take into account significant technological advancements in the sector. In addition to other areas of expertise, AMR focuses on the analysis of high-tech systems and advanced production systems. We have a team of experts who compile thorough research reports and actively advise leading businesses to enhance their current procedures. Our experts have a wealth of knowledge on the topics they cover. Also, they use a variety of tools and techniques when gathering and analyzing data, including patented data sources.
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