Lithium-sulfur Battery Market: Overview

Several technologies are gaining momentum in the energy storage market. One such energy storage technology is lithium-sulfur (Li-S) battery. The device can hold twice the energy per kilogram as conventional lithium-ion batteries. Lithium-sulfur batteries are considered promising battery systems due to their high theoretical capacity, high energy density, and natural abundance of sulfur. These batteries use carbon-sulfur as cathode and lithium metal as anode. Carbon-sulfur is a waste product of the petroleum process. 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.

The charge/discharge efficiency of lithium-sulfur battery lies in the range of 86% to 92%. Key driver of the lithium-sulfur battery technology is the high theoretical and practical energy density, which can be achieved by combining a lithium metal anode and sulfur cathode. There are some issues with this technology as well. Some of these can be resolved by improved engineering solutions. However, most of them are related to the very complex working mechanism of lithium-sulfur battery. For example, the complex reaction mechanism causes difficulty in the modelling of lithium-sulfur cells at both mechanistic and systems levels.

Lithium-sulfur Battery Market: Key Trends

The energy storage of even small size lithium-sulfur batteries is supposed to be more than five times that of the mostly used lithium-ion batteries. This has opened up opportunities in electronics and power sectors. Manufacturers are increasingly using nanotechnology in the production and development process of batteries, as it helps in the improvement of compatibility of power supplies. Usage of nanotechnology is one of the key trends expected to gain traction in the lithium-sulfur battery market during the forecast period. The nanotechnology-enabled battery market is witnessing growth due to the rise in focus on renewable energy and increase in adoption of hybrid electric vehicles (EVs), plug-in hybrid EVs, and EVs.

Lithium-sulfur Battery Market: Key Segments

Based on application, the lithium-sulfur battery market can be divided into automotive, electronics, power sector, manufacturing, and others. In automotive sector these batteries are used in hybrid and electric vehicles. Lithium-sulfur batteries are also used in electrical energy storage and mobile applications. These batteries are used in big solar panel grids for energy storage in the power sector. The others segment consists of defense systems and aeronautical equipment.

Lithium-sulfur Battery Market: Regional Outlook

Based on region, the global lithium-sulfur battery market can be segregated into North America, Europe, Latin America, Middle East & Africa, and Asia Pacific. North America is projected to lead the global lithium-sulfur battery market during the forecast period. The lithium-sulfur battery market in Asia Pacific is likely to expand at a rapid pace during the forecast period, due to the rise in investments in electric vehicles in the region, especially in China and India. Europe and Middle East & Africa are expected to hold significant share of the global lithium-sulfur battery market during the forecast period.

Lithium-sulfur Battery Market: Key Players

Major players operating in the global lithium-sulfur battery market are Oxis Energy, Poly Plus, and Sion Power. Lithium-sulfur battery systems designed, developed, and produced by OXIS are primarily used to provide power to aeronautical and defense applications as well as heavy electric vehicles. 

This upcoming business intelligence report is intended to be a one-stop market research solution to guide organizations in taking timely and effective decisions for their business growth. The ongoing study is the culmination of our deep expertise on data science methods, combined with an unparalleled understanding of the external environment and analysis of the industries. Each of the reports by TMR aims at offering a detailed scrutiny of the value chain of our current and prospective customers, takes them from identifying value propositions, and subsequently assist their business executives to implement right strategies to create customer value. We believe that creating and sustaining the customer value is the key pivot on which business executives can create profits for their organizations and increase the market shares, continuously and with sustainability.

Each of our touchpoints through which we engage with the organization/enterprise during the primary research enables us to understand the internal environment it operates in and the ways in which the external environment influences its growth.

Always Evolving with Competition

Excellence is built into the DNA of TMR, and all our teams work collaboratively and committedly toward achieving that in whatever they do. From the very first interaction our teams of research analysts have with any interested market participant to the final preparation processes in each of our reports reflects a rigorous understanding of the dynamic industry environment that businesses operate in.

We relentlessly work to be a differentiator in whatever we do in the current era of hypercompetitive global environment. The result of our unceasing focus on excellence is reflected clearly in the insights and guidance we offer to our customers in order to empower them to create brand equity. Our simple yet very powerful underpinning for navigating the competition is to always keep evolving with changing business environments. Our close-kinit team of research analysts not only believe in this simple philosophy but also implement the same.

Constantly Innovating Our Research Methodologies and Models

We do not limit with any specific market research tool or one standard approach for obtaining or analyzing data. Undoubtedly, our report making process is ever-evolving to meet the customer needs and demands supported broadly by a vast knowledge of data science methods that we combine with business acumen our teams have built upon for several years. Evidently, our primary and secondary research data about customers and consumers have shown that we can go to any lengths to obtain them. This is followed by applying next-gen automation tools integrated with human judgement to clear the clutter, ascertain the most relevant and recent qualitative and quantitative insights, and package them in digestible chunks in our reports for our customers.

We Take Pride in No-One-Size-Fits-All Approach

Over the past several years, we have been conducting market intelligence studies across all industries for all types of organizations — big and small, profit and not-for-profit, and Fortune 500 and Unicorns, as we believe that a sound decision making must be based on no-one-size-fits-all approach. Without doubt, each of the organizations regardless of the industry they are in are affected differently by changes in political, economic, socio-culture, legal, ecological, and legal environments. The research models and the value chain analysis process that our analysts employ for conducting the study uphold this approach.

We look at myriad components of internal and external business environment affecting the growth strategies of organizations. Some of the broader aspects that we focus on are:

  • Our team of Analysts and Support Teams always strive to see the bigger picture in life cycle stages of any industry
  • The Teams focus on obtaining valuable insights into different models of competitive advantage while making an internal environment analysis
  • They keep on modifying the value chain analysis processes of organizations to understand on how customer value is created

Some areas of assessing market dynamics that are used in the research models and methodologies adopted by our analysts can be summarized as:

  • Corporate and business strategies underlying new brand positioning strategies
  • Mapping for strategic planning for business units
  • Various metrics for business portfolio analysis, including BCG matrix
  • Value chain analysis

These will help create and sustain competitive advantage for our prospects and current customers.

Key focus areas and agenda that underpin and catalyze our primary and secondary research initiatives and endeavors are:

  • What are some of the core competencies and distinctive competencies of new entrants and established players in the industry we are analyzing?
  • What are some of the branding opportunities that are emerging at a rapid pace?
  • What are the major competitive forces and elements of external environment shaping the industry life cycle stages of most organizations?
  • Why some competitive strategies are popular than others among leaders in a certain market?
  • What customer-based brand equity strategies companies have leveraged in a certain industry or set of related industries in a sector?
  • What are some of the key pricing strategies that companies in an industry are implementing for marketing their products internationally?
  • Identifying whether market-push or market-pull strategies are more relevant to a certain product or a service?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Disclaimer: This ongoing market research study is a meticulously planned activity where a broad array of factors and aspects that shape the marketing environment and industry are taken into account. However, keeping in mind the constantly changing nature of business dynamics and changing strategic intents, we are always actively making iterations and modifications in our approaches. As always, we are ready to tailor our insights and guidance to suit your requirements. Engage with us to know what more is there for your CXOs.

Enquiry Before Buying

TMR offers Enquiry Before Buying that help clients to get information on their business scenario required where syndicated solutions are not enough.

Enquiry Before Buying

Lithium-sulfur Battery Market