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.
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.
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