Lithium-Sulfur (Li-S) Battery Market, By Power Capacity (0-500mAh, 501-1000 mAh, above 1000 mAh), B

Published Date: January 2020 | Report Code : MT2060223

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Lithium-Sulfur (Li-S) Battery Market, By Power Capacity (0-500mAh, 501-1000 mAh, above 1000 mAh), By End User(Aerospace, Automotive, Electronic Device, Power & Energy, Others), , By Region (North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, Rest of the World) – Market Size & Forecasting (2017-2028)

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Domain : Materials

Report Code : MT2060223

Status : Published January 2020

Market Dynamics:

The Lithium-Sulfur (Li-S) Battery Market was valued at USD 696.1 Million in 2019 and is anticipated to reach USD 6,686.2 Million by 2028, with a CAGR of 29.6% during the forecast period. The first Li-S battery was invented in 1960 and was patented by Herbert and Ulam in 1962. They used Lithium or various Lithium alloys as an anodic material and Sulfur (S) as a cathodic medium. After the advancement of technologies and the invention of various organic solvents such as Propylene Carbonate (PC), Dimethyl Sulfoxide (DMSO) and Dimethylformamide (DMF) propelled the market dynamics of Lithium-Sulfur battery market. Ether was applied in Li-S battery in 1980 which was used as a solvent for the electrolytes.

Lithium-Sulfur (Li-S) Battery MarketLithium-Sulfur (Li-S) Battery Market Statistics

Li-S batteries are mainly used in aviation, automotive, electronic device, and power& energy sector due to the growing demand for green energy with high energy density as compared to other battery types. Lithium-Sulfur (Li-S) batteries provide lightweight to end-use applications due to low and moderate atomic weight of Lithium (Li) and Sulfur (S) and due to this reason, Li-S battery is widely used in the aerospace industry. Besides this, superior performance along with lower manufacturing costs, abundant supply of material, ease of processing and reduced environmental footprint propelled the growth of the Lithium-Sulfur (Li-S) battery market. Ultra-high capacity Lithium-Sulfur (Li-S) battery has better performance and less environmental impact to that of current Lithium-ion batteries.

Lithium-Sulfur (Li-S) battery is an energy storage technology can hold twice the energy as conventional Lithium-ion (Li-ion) batteries. Due to its high theoretical capacity, and natural abundance of sulfur, Lithium-Sulfur batteries are considered promising battery systems for various end-use market applications. In Li-s batteries, carbon-sulfur which is obtained from petroleum production waste products is used as cathode and lithium metal as the anode. Lithium-sulfur batteries can be produced with more density compared to Li-ion batteries, as sulfur has low atomic weight. Therefore, the Lithium-Sulfur batteries have more storage capacity to that of other Li-ion batteries.

High theoretical and practical energy density achieved by combining a lithium-metal anode with a sulfur cathode is the driving factor for Lithium-Sulfur battery technology. In the other side, the extremely low electrical conductivity of the Sulfur cathode requires an extra mass for the conductive agent to exploit the entire active mass contribution to the capacity. Large volume expansion of the Sulfur cathode from S to Li2S and the large quantity of electrolyte required also challenge to be addressed.

Moreover, a key emerging trend in the global Lithium-Sulfur (Li-S) battery market is the use of nanotechnology in batteries. Experts and manufacturers are increasingly using nanotechnology in the process of battery production and development, as it helps improve the compatibility of power supplies. The rising introduction of electrical vehicles (EVs), hybrid plug-in EVs and hybrid EVs and the growing emphasis on renewable energy are expected to drive market growth. Li-S nanotechnology-enabled batteries are expected to deliver an energy density that is at least three times higher as compared to traditional Li-ion batteries. Li-S battery technology could transform the way of various end-use battery applications phones, cars, computers, and solar grids in the coming years.


Lithium-Sulfur (Li-S) Battery Market SegmentationLithium-Sulfur (Li-S) Battery Market Segmentation

Key Factors Impacting Lithium-Sulfur (Li-S) Battery Market Growth:

  • Rising pollution and stringent government rules and regulations
  • Use of nanotechnology in batteries
  • Growing focus on renewable energy as an alternative to conventional energy sources
  • Reduction of disposable battery waste

The report analyzes factors affecting the Lithium-Sulfur battery market from both demand and supply side and further analyses market dynamics affecting the market during the forecast year such as driver, restrain, opportunities and future trends. The report also provides a comprehensive Porter model analysis on the Lithium-Sulfur battery market for all six regions namely; North America, Western Europe, Eastern Europe, Asia Pacific, Middle East and the Rest of the world.

End User Outlook

Li-S batteries are widely used in aerospace, automotive, electronic device, and power & energy end-use industries. The continuous growth of the automotive industry has led to increasing the demand for lithium-sulfur batteries in the automotive sector. Lithium-ion batteries are capable of fulfilling the requirements of the automotive industries. Such requirements are high safety power capacities and low emission levels. These batteries are utilized in hybrid and electric vehicles in the automotive sector. Besides this, growing electronics market across the regions is also one of the major factors that will further anticipate driving the demand for the Lithium-Sulfur battery market in the coming years.

Power Capacity Outlook

The power capacity segment divided into three types such as 0-500 mAh, 501-1000 mAh, and above 1000 mAh. Sulfur delivers a high theoretical power capacity of near about 1,675 mAh/gram, which is high as compared to other cathode materials used in Li-ion batteries. Besides this, the theoretical gravimetric energy density of a Li-S is also high as compared to that of Li-ion batteries. Lithium-Sulfur Battery market still in a nascent stage and is in pilot-scale production for limited companies and academic institutes.

Regional Outlook:

On the basis of geography, the Lithium-Sulfur battery market is distributed over the following regions: North America, Western Europe, Eastern Europe, Asia Pacific, Middle East and Rest of the world. North America expected a dominant global Li-S market due to high adoption of drones in the defense sector, and increased use of electric vehicles, especially e-bikes. However, the growing need for lightweight sources of power in EVs, portable devices, and industrial equipment also drives the Lithium-Sulfur battery market in the North American region. North American region is anticipated to grow with the highest growth of the Lithium-Sulfur battery market over the forecast period. String regulation to support the renewable energy storage systems is also expected to support the growth of the Li-S battery market in the European and North American Region.

Some of the Lead-acid batteries become unusable and are considered hazardous waste when they stop yielding efficiency. Further, the recycling of lead-acid batteries was carried out in highly populated areas with limited pollution checks, which significantly affected the environment and the population staying in these areas. These factors propelled the demand for Li-S batteries across the globe. Furthermore, Asia Pacific Li-S battery market is estimated to grow with a healthy growth during the forecast period. This growth can be accredited to several factors, such as the world's largest manufacturing hub of lithium batteries in China and India has expressed interest in upscaling production.

Lithium-Sulfur (Li-S) Battery MarketLithium-Sulfur (Li-S) Battery Market Regional Analysis

Competitive Landscape:

The lithium-sulfur battery market is speedily growing and expected to show high growth. It is majorly driven by companies that focused on battery technologies and have the experience to provide pollution-free service solutions to reduce the carbon footprint.  

Major companies are investing in research and development activities for new product development. For example, Sion Power and Oxis Energy are starting to test their lithium-sulfur batteries in aircraft, which is cheaper than that of the rare-earth metals used in the cathode today.

Key players who are operating in the Li-S battery market adopting inorganic development strategies like as acquisition of local brands to capture a market share in the market. Similarly, other business models such as joint venture and market entry strategies are helping prominent vendors to make their presence felt in the market and increase their product portfolio. The key players leading in the market are

  • Oxis Energy,
  • Poly Plus, and
  • Sion Power

By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this Lithium-Sulfur (Li-S) battery market industry analysis report will aid clients to identify new growth opportunities and design new growth strategies. Additionally, the report also provides an accurate prediction of the contribution of the various segments to the growth of the Lithium-Sulfur (Li-S) battery market size. This report on Lithium-Sulfur battery market also includes the profiles of key companies along with their SWOT analysis and market strategies. In addition, these competitive landscapes provide a detailed description of each company including future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launch, new product developments, and other latest industrial developments.

Key   Developments:

  • On January 12, 2020, Researchers from Melbourne's Monash University development of world's most efficient Lithium-Sulfur (Li-S) battery, which is capable of powering a smartphone for five continuous days and allow an electric vehicle to drive more than 1000 kilometers without charging.
  • In May 2019, Researchers at Chalmers University of Technology, Sweden, unveiled Lithium-Sulfur (Li-S) batteries, using a catholyte with the help of a graphene sponge. Their development results in higher utilization of sulfur and more environmentally friendly batteries.

 Lithium-Sulfur (Li-S) Battery MarketLithium-Sulfur (Li-S) Battery Market Timeline (2017-2028)

 What Does This Report Provide?

This report provides a detailed understanding of the Lithium-Sulfur battery market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with a potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the Lithium-Sulfur battery market.

Market Segmentation:

By Power Capacity:

  • 0-500 mAh
  • 501-1000 mAh
  • Above 1000 mAh

By End User:

  • Aerospace
  • Automotive
  • Electronic Device
  • Power & Energy
  • Others

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By End User
    • By Power Capacity
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By End User
    • By Power Capacity
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By End User
    • By Power Capacity
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By End User
    • By Power Capacity
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By End User
    • By Power Capacity
  • Rest of the World
    • By Region (South America, Africa)
    • By End User
    • By Power Capacity

 Reasons to Buy This Report:

  • Market size estimation and forecast of the Lithium-Sulfur battery market on a regional and global basis
  • Unique research usage for market size estimation and forecast
  • Profiling of major companies operating in the Lithium-Sulfur battery market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the Lithium-Sulfur battery market.

 Customization:

We provide customization of the study to meet specific requirements:

  • Country specific market sizing and forecasting by segment and sub-segment
  • In-depth company analysis, regional product offerings, distribution channel mapping, brand proposition
  • In-depth pricing analysis of raw materials and decorative paints and coatings with forecast

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