Shibuya-ku, Tokyo, Japan, Japan, Oct 12, 2021, 00:56 /Comserve / -- Amongst various applications, the Aviation sector is likely to witness the fastest growth in the Global Lithium Sulfur market during 2021-26.
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Amongst various applications, the Aviation sector is likely to witness the fastest growth in the Global Lithium Sulfur market during 2021-26. The demand for the lithium-sulfur battery is propelling in aviation as the batteries are ultra-light weights that aim to double the range of electric airplanes. The deployment of batteries in electric aerospace propulsion is also burgeoning, aiming to make vertical take-off and landing (VTOL) a reality for electric passenger aircraft.
Besides this, due to its relatively high energy density, long cycle life, low cost, and safer alternative to lithium-ion, the need for a lithium-sulfur battery is surging in electric aviation. Moreover, the escalating application in drones is likely to strongly contribute to the overall market growth in the coming years, reveals MarkNtel Advisors in their research report, “Global Lithium-Sulfur Battery Market Analysis, 2021.”
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The Final Report will cover the impact analysis of COVID-19 on this industry: Global Lithium Sulfur Battery Market Research Report: Insights by Emerging Trends, Future Growth, Revenue Analysis, Demand Forecast (2021-2026)
Market Opportunities
According to MarkNtel Advisors’ research report, “Global Lithium-Sulfur Battery Market Analysis, 2021,” the market shall grow at a CAGR of 72.04% during 2021-26F. The demand for Lithium-Sulfur batteries among various sectors is surging at a robust rate as they are environment-friendly and a viable alternative to Lithium-Ion batteries.
Sulfur for the battery is well-obtained from industrial waste sourced from bio-renewable feedstock, which is available easily, non-toxic, and environmentally friendly. Besides this, rising government investment in electric vehicles to curb the growing carbon emissions in the transport and burgeoning application of batteries in drones and energy storage systems are critical aspects likely to place a lucrative growth opportunity for the market in the forecast period.
Asia-Pacific is likely to attain the highest CAGR in the Global Lithium-Sulfur Battery Market during 2021-26, in which China acquired the majority market share. It owes to the growing adoption of renewable energy and a boost in government investments in electric vehicles & subsidies offered to augment the sales of electric vehicles.
Additionally, the demand for the lithium-sulfur battery is burgeoning in grid-connected solutions due to the increasing demand for electricity in the electrical & manufacturing industries. Moreover, surging investment toward developing high-performance lithium-sulfur batteries and their escalating demand in the aerospace & electronics industries are other crucial factors further fueling the overall market growth.
Fill This Form and get the Sample Copy of This Report: https://www.sdki.jp/sample-request-115524
The Final Report will cover the impact analysis of COVID-19 on this industry: Global Lithium Sulfur Battery Market Research Report: Insights by Emerging Trends, Future Growth, Revenue Analysis, Demand Forecast (2021-2026)
Impact of COVID-19
The wake of COVID-19 has impacted the Global Lithium-Sulfur Battery Market due to a drop in the demand for electric vehicles owing to disruptions in the supply chain, temporary shutdown of manufacturing units, and halt of various ongoing infrastructural projects. However, with the gradual upliftment of restrictions, the market is reviving and shall grow at a sturdy rate in the forecast period.
Competitive Landscape
According to MarkNtel Advisors, the leading players with a considerable market share in the Global Lithium-Sulfur Battery market are 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.
Key Questions Answered in the Market Research Report
1. What are the overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of the Global Lithium-Sulfur Battery Market?
2. What is the region-wise industry size, growth drivers, and challenges key market trends?
3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Lithium-Sulfur Battery Market?
4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the Global Lithium-Sulfur Battery Market based on the competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the Global Lithium-Sulfur Battery Market study?
TABLE OF CONTENT
1. Introduction
1.1. Product Definition
1.2. Research Process
1.3. Assumptions
1.4. Market Segmentation
2. Preface
3. Executive Summary
4. Impact of COVID-19 on Global Lithium Sulfur Battery Market
5. Global Lithium Sulfur Battery Market Outlook, 2016-2026F
5.1. Market Size & Analysis
5.1.1. Market Revenues
5.2. Market Share & Analysis
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