The demand for the lithium-sulfur battery is growing at an astronomical rate owing to the factors such as the burgeoning application of batteries in drones and for energy storage systems, rising government investment in electric vehicles to curb the growing emission of carbon in transport, and increasing government investment in renewable energy project and burgeoning adoption of EVs. Besides this, deployment of Li-Si batteries in short-range aircraft snowballing demand for these batteries in grid-scale energy storage and increasing adoption of Li-Si batteries as a replacement for lithium-ion batteries in various consumer electronics such as smartphones, tablets, laptops, and power banks, among other devices are driving the growth of the Global Lithium Sulphur Battery Market.

The outbreak of COVID-19 has influenced all the sectors adversely. The automotive and aviation sectors were adversely suffered from the pandemic which further impacted its allied market as well. Thus, this impacted the demand for Lithium-Sulfur batteries globally due to a decline in the demand for electric vehicles on account of disruption in the supply chain, temporary shutdown of manufacturing units, and halt of various ongoing infrastructural projects.


Asia-Pacific is projected to attain the highest CAGR in Global Lithium-Sulfur Battery over the forecast period during 2021-26. India and China acquired the highest market share in the Asia-Pacific region. The growth is accredited to rising government inclination towards renewable energy, surging investments in electric vehicles, and burgeoning advancement in the power and energy sector. North America acquired the acquired market share. The US dominated the North America region and is expected to maintain its dominance over the forecast period on account of the increase in the demand for energy storage systems due to the surging need for electricity for operating industries such as electrical and manufacturing. The rising production and adoption of EV have accelerated the demand for lithium-sulfur batteries.

The key 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.