1 INTRODUCTION 24
1.1 STUDY OBJECTIVES 24
1.2 MARKET DEFINITION 24
1.3 INCLUSIONS AND EXCLUSIONS 25
1.4 STUDY SCOPE 26
1.4.1 MARKETS COVERED 26
FIGURE 1 LITHIUM-SULFUR BATTERY: MARKET SEGMENTATION 26
1.4.2 REGIONAL SCOPE 26
1.4.3 YEARS CONSIDERED 27
1.5 CURRENCY CONSIDERED 27
1.6 UNITS CONSIDERED 27
1.7 STAKEHOLDERS 27
1.8 RECESSION IMPACT 28
2 RESEARCH METHODOLOGY 29
2.1 RESEARCH APPROACH 29
FIGURE 2 LITHIUM-SULFUR BATTERY MARKET: RESEARCH DESIGN 29
2.1.1 SECONDARY AND PRIMARY RESEARCH 29
FIGURE 3 LITHIUM-SULFUR BATTERY MARKET: RESEARCH APPROACH 30
2.1.2 SECONDARY DATA 31
2.1.2.1 List of major secondary sources 31
2.1.2.2 Key data from secondary sources 32
2.1.3 PRIMARY DATA 32
2.1.3.1 List of key interview participants 32
2.1.3.2 Key data from primary sources 33
2.1.3.3 Key industry insights 33
2.1.3.4 Breakdown of primaries 34
2.2 MARKET SIZE ESTIMATION 34
2.2.1 BOTTOM-UP APPROACH 34
2.2.1.1 Approach to derive market size using bottom-up analysis (demand side) 34
FIGURE 4 LITHIUM-SULFUR BATTERY MARKET: BOTTOM-UP APPROACH 35
2.2.2 TOP-DOWN APPROACH 35
2.2.2.1 Approach to derive market size using top-down analysis (supply side) 36
FIGURE 5 LITHIUM-SULFUR BATTERY MARKET: TOP-DOWN APPROACH 36
FIGURE 6 LITHIUM-SULFUR BATTERY MARKET: MARKET SIZE ESTIMATION METHODOLOGY 36
 
2.3 DATA TRIANGULATION 37
FIGURE 7 DATA TRIANGULATION 37
2.4 RESEARCH ASSUMPTIONS 38
2.5 RESEARCH LIMITATIONS 38
2.6 PARAMETERS CONSIDERED TO ANALYZE RECESSION IMPACT ON STUDIED MARKET 39
2.7 RISK ASSESSMENT 40
3 EXECUTIVE SUMMARY 41
FIGURE 8 LITHIUM-SULFUR BATTERY MARKET, 2020–2028 (USD MILLION) 42
FIGURE 9 SOLID TYPE SEGMENT TO DISPLAY HIGHEST CAGR THROUGHOUT FORECAST PERIOD 42
FIGURE 10 ABOVE 1,000 MAH SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2028 43
FIGURE 11 CONSUMER ELECTRONICS APPLICATION TO DISPLAY HIGHEST CAGR DURING FORECAST PERIOD 43
FIGURE 12 ASIA PACIFIC TO REGISTER HIGHEST CAGR IN GLOBAL LITHIUM-SULFUR BATTERY MARKET DURING FORECAST PERIOD 44
4 PREMIUM INSIGHTS 45
4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN LITHIUM-SULFUR BATTERY MARKET 45
FIGURE 13 INCREASING INVESTMENTS IN R&D INITIATIVES TO FOSTER MARKET GROWTH 45
4.2 LITHIUM-SULFUR BATTERY MARKET, BY CAPACITY 45
FIGURE 14 ABOVE 1,000 MAH SEGMENT TO HOLD LARGEST MARKET SHARE IN 2028 45
4.3 LITHIUM-SULFUR BATTERY MARKET, BY APPLICATION 46
FIGURE 15 AEROSPACE SEGMENT TO SECURE LARGEST MARKET SHARE IN 2028 46
4.4 LITHIUM-SULFUR BATTERY MARKET IN NORTH AMERICA, BY CAPACITY AND COUNTRY 46
FIGURE 16 ABOVE 1,000 MAH SEGMENT AND US TO HOLD LARGEST SHARES OF NORTH AMERICAN LITHIUM-SULFUR BATTERY MARKET IN 2028 46
4.5 LITHIUM-SULFUR BATTERY MARKET, BY COUNTRY 47
FIGURE 17 CHINA TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD 47
5 MARKET OVERVIEW 48
5.1 INTRODUCTION 48
5.2 MARKET DYNAMICS 48
FIGURE 18 GLOBAL LITHIUM-SULFUR BATTERY MARKET DYNAMICS 48
5.2.1 DRIVERS 49
5.2.1.1 Rising R&D activities to commercialize lithium-sulfur batteries 49
5.2.1.2 Abundance of sulfur materials 50
5.2.1.3 High energy density than other batteries 50
TABLE 1 COMPARISON OF LITHIUM-ION BATTERIES WITH LITHIUM-SULFUR BATTERIES 50
5.2.1.4 Increasing demand in aerospace sector due to high durability 50
FIGURE 19 LITHIUM-SULFUR BATTERY MARKET: IMPACT ANALYSIS OF DRIVERS 51
5.2.2 RESTRAINTS 51
5.2.2.1 Technical drawbacks of lithium-sulfur batteries 51
FIGURE 20 LITHIUM-SULFUR BATTERY MARKET: IMPACT ANALYSIS OF RESTRAINTS 52
5.2.3 OPPORTUNITIES 52
5.2.3.1 Increasing popularity of EVs and plug-in hybrid electric vehicles 52
FIGURE 21 GLOBAL DATA ON EV CAR STOCK, 2018–2022 53
FIGURE 22 LITHIUM-SULFUR BATTERY MARKET: IMPACT ANALYSIS OF OPPORTUNITIES 53
5.2.4 CHALLENGES 53
5.2.4.1 Manufacturing complexities associated with lithium-sulfur batteries 53
FIGURE 23 LITHIUM-SULFUR BATTERY MARKET: IMPACT ANALYSIS OF CHALLENGES 54
5.3 VALUE CHAIN ANALYSIS 54
FIGURE 24 LITHIUM-SULFUR BATTERY MARKET: VALUE CHAIN ANALYSIS 54
5.4 ECOSYSTEM ANALYSIS 56
FIGURE 25 LITHIUM-SULFUR BATTERY MARKET: ECOSYSTEM ANALYSIS 56
TABLE 2 COMPANIES AND THEIR ROLES IN LITHIUM-SULFUR BATTERY ECOSYSTEM 57
5.5 PRICING ANALYSIS 57
5.5.1 AVERAGE SELLING PRICE (ASP) TREND OF LITHIUM-ION BATTERIES 58
FIGURE 26 AVERAGE SELLING PRICE (ASP) TREND OF LITHIUM-ION BATTERY PACKS AND CELLS, 2013–2022 58
5.5.2 INDICATIVE PRICING ANALYSIS OF LITHIUM-SULFUR BATTERIES 59
TABLE 3 INDICATIVE PRICING ANALYSIS TREND OF LITHIUM-SULFUR BATTERIES 59
5.5.3 INDICATIVE PRICING ANALYSIS OF LITHIUM-SULFUR BATTERIES OFFERED BY KEY PLAYERS 59
FIGURE 27 INDICATIVE PRICING ANALYSIS OF LITHIUM-SULFUR BATTERIES OFFERED BY KEY PLAYERS 59
TABLE 4 INDICATIVE PRICING ANALYSIS OF LITHIUM-SULFUR BATTERIES OFFERED BY KEY PLAYERS 60
5.5.4 INDICATIVE PRICING ANALYSIS, BY REGION 60
TABLE 5 INDICATIVE PRICING ANALYSIS, BY REGION 60
5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 60
FIGURE 28 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 60
5.7 TECHNOLOGY ANALYSIS 61
5.7.1 LITHIUM METAL BATTERIES 61
5.7.2 SODIUM-SULFUR BATTERIES 61
5.7.3 SOLID-STATE BATTERIES 61
5.7.4 LITHIUM-SILICON BATTERIES 62
5.8 PORTER’S FIVE FORCE ANALYSIS 62
TABLE 6 LITHIUM-SULFUR BATTERY MARKET: PORTER’S FIVE FORCES ANALYSIS 62
FIGURE 29 LITHIUM-SULFUR BATTERY MARKET: PORTER’S FIVE FORCES ANALYSIS 63
5.8.1 BARGAINING POWER OF SUPPLIERS 63
5.8.2 BARGAINING POWER OF BUYERS 63
5.8.3 THREAT OF NEW ENTRANTS 63
5.8.4 THREAT OF SUBSTITUTES 64
5.8.5 INTENSITY OF COMPETITIVE RIVALRY 64
5.9 KEY STAKEHOLDERS AND BUYING CRITERIA 64
5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS 64
FIGURE 30 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE APPLICATIONS 64
TABLE 7 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE INDUSTRIES 64
5.9.2 BUYING CRITERIA 65
FIGURE 31 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 65
TABLE 8 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 65
5.10 CASE STUDY ANALYSIS 66
5.10.1 IMPERIAL COLLEGE LONDON DEVELOPS ZERO-DIMENSIONAL MODEL FOR LI-S BATTERIES 66
5.10.2 CAMBRIDGE UNIVERSITY CONDUCTS R&D TO IMPROVE SPECIFIC ENERGY, SAFETY, AND MASS DENSITY OF LI-S BATTERIES 66
5.10.3 USC IMPROVES LITHIUM-SULFUR BATTERIES WITH NEW DESIGNS FOR ENERGY STORAGE 67
5.11 TRADE ANALYSIS 67
FIGURE 32 IMPORT DATA FOR HS CODE 850650-COMPLIANT LITHIUM CELLS AND BATTERIES (EXCL. SPENT), BY KEY COUNTRIES, 2018–2022 67
FIGURE 33 EXPORT DATA FOR HS CODE 850650-COMPLIANT LITHIUM CELLS AND BATTERIES (EXCL. SPENT), BY KEY COUNTRIES, 2018–2022 68
5.12 PATENT ANALYSIS, 2022–2023 68
FIGURE 34 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS 68
TABLE 9 TOP 20 PATENT OWNERS IN US IN LAST 10 YEARS 69
FIGURE 35 NUMBER OF PATENTS GRANTED PER YEAR FROM 2013 TO 2022 70
TABLE 10 LITHIUM-SULFUR BATTERY MARKET: LIST OF PATENTS, 2022–2023 70
5.13 KEY CONFERENCES AND EVENTS, 2023–2024 72
TABLE 11 LITHIUM-SULFUR BATTERY MARKET: LIST OF CONFERENCES AND EVENTS 72
5.14 REGULATORY LANDSCAPE AND STANDARDS 73
5.14.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 73
TABLE 12 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 73
TABLE 13 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 73
TABLE 14 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 74
TABLE 15 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 75
5.14.2 STANDARDS 75
TABLE 16 STANDARDS FOR LITHIUM-SULFUR BATTERIES 75
 
6 COMPONENTS USED IN LITHIUM-SULFUR BATTERIES 76
6.1 INTRODUCTION 76
FIGURE 36 COMPONENTS USED IN LITHIUM-SULFUR BATTERIES 76
6.2 CATHODE 76
6.3 ANODE 76
6.4 ELECTROLYTE 77
6.5 OTHER COMPONENTS 77
7 LITHIUM-SULFUR BATTERY MARKET, BY TYPE 78
7.1 INTRODUCTION 79
FIGURE 37 LITHIUM-SULFUR BATTERY MARKET, BY TYPE 79
FIGURE 38 SOLID SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 79
TABLE 17 LITHIUM-SULFUR BATTERY MARKET, BY TYPE, 2020–2022 (USD MILLION) 80
TABLE 18 LITHIUM-SULFUR BATTERY MARKET, BY TYPE, 2023–2028 (USD MILLION) 80
7.2 LIQUID 80
7.2.1 ABILITY TO ACHIEVE SUPERIOR ENERGY DENSITY THAN OTHER LI-ION BATTERIES TO FOSTER SEGMENTAL GROWTH 80
7.3 SEMI-SOLID 81
7.3.1 INTRODUCTION OF SEMI-SOLID “CUPCAKE” ELECTROLYTE TO FUEL SEGMENTAL GROWTH 81
7.4 SOLID 81
7.4.1 IMPROVED SAFETY AND EXTENDED LIFESPAN TO ACCELERATE DEMAND 81
8 LITHIUM-SULFUR BATTERY MARKET, BY CAPACITY 82
8.1 INTRODUCTION 83
FIGURE 39 LITHIUM-SULFUR BATTERY MARKET, BY CAPACITY 83
FIGURE 40 ABOVE 1,000 MAH SEGMENT TO SECURE LARGEST MARKET SHARE DURING FORECAST PERIOD 83
TABLE 19 LITHIUM-SULFUR BATTERY MARKET, BY CAPACITY, 2020–2022 (USD MILLION) 84
TABLE 20 LITHIUM-SULFUR BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION) 84
8.2 BELOW 500 MAH 84
8.2.1 INCREASING UTILIZATION OF LOW-POWER BATTERIES IN COMPACT DEVICES TO BOOST DEMAND 84
TABLE 21 BELOW 500 MAH: LITHIUM-SULFUR BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 85
TABLE 22 BELOW 500 MAH: LITHIUM-SULFUR BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION) 85
8.3 501 TO 1,000 MAH 85
8.3.1 GROWING POPULARITY OF WEARABLES TO DRIVE MARKET 85
TABLE 23 501 TO 1,000 MAH: LITHIUM-SULFUR BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 86
TABLE 24 501 TO 1,000 MAH: LITHIUM-SULFUR BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION) 86
8.4 ABOVE 1,000 MAH 87
8.4.1 EXCEPTIONAL ENERGY DENSITY AND PROLONGED CYCLE LIFE TO FOSTER SEGMENTAL GROWTH 87
TABLE 25 ABOVE 1,000 MAH: LITHIUM-SULFUR BATTERY MARKET, BY APPLICATION, 2020–2022 (USD MILLION) 87
TABLE 26 ABOVE 1,000 MAH: LITHIUM-SULFUR BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 88
TABLE 27 ABOVE 1,000 MAH: LITHIUM-SULFUR BATTERY MARKET, BY REGION, 2020–2022 (USD MILLION) 88
TABLE 28 ABOVE 1,000 MAH: LITHIUM-SULFUR BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION) 88
9 LITHIUM-SULFUR BATTERY MARKET, BY APPLICATION 89
9.1 INTRODUCTION 90
FIGURE 41 LITHIUM-SULFUR BATTERY MARKET, BY APPLICATION 90
FIGURE 42 AEROSPACE APPLICATION TO CLAIM HIGHEST MARKET SHARE FROM 2023 TO 2028 90
TABLE 29 LITHIUM-SULFUR BATTERY MARKET, BY APPLICATION, 2020–2022 (USD MILLION) 91
TABLE 30 LITHIUM-SULFUR BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 91
9.2 AEROSPACE 91
9.2.1 INCREASING DEPLOYMENT BY AVIATION INDUSTRY TO BOOST DEMAND 91
TABLE 31 AEROSPACE: LITHIUM-SULFUR BATTERY MARKET, BY CAPACITY, 2020–2022 (USD MILLION) 92
TABLE 32 AEROSPACE: LITHIUM-SULFUR BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION) 92
TABLE 33 AEROSPACE: LITHIUM-SULFUR BATTERY MARKET, BY REGION, 2020–2022 (USD MILLION) 92
TABLE 34 AEROSPACE: LITHIUM-SULFUR BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION) 93
9.3 AUTOMOTIVE & TRANSPORTATION 93
9.3.1 RISING INVESTMENT IN COMMERCIALIZING LI-S BATTERIES FOR EV APPLICATIONS TO FOSTER SEGMENTAL GROWTH 93
TABLE 35 AUTOMOTIVE & TRANSPORTATION: LITHIUM-SULFUR BATTERY MARKET, BY CAPACITY, 2020–2022 (USD MILLION) 94
TABLE 36 AUTOMOTIVE & TRANSPORTATION: LITHIUM-SULFUR BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION) 94
TABLE 37 AUTOMOTIVE & TRANSPORTATION: LITHIUM-SULFUR BATTERY MARKET, BY REGION, 2020–2022 (USD MILLION) 94
TABLE 38 AUTOMOTIVE & TRANSPORTATION: LITHIUM-SULFUR BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION) 95
9.4 CONSUMER ELECTRONICS 95
9.4.1 LONG SHELF LIFE AND ENHANCED SAFETY FEATURES TO ACCELERATE ADOPTION IN CONSUMER ELECTRONICS 95
TABLE 39 CONSUMER ELECTRONICS: LITHIUM-SULFUR BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION) 96
TABLE 40 CONSUMER ELECTRONICS: LITHIUM-SULFUR BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION) 96
9.5 POWER 96
9.5.1 GROWING ADOPTION IN POWER SYSTEMS DUE TO HIGH-ENERGY DENSITY AND LOW-COST TO DRIVE MARKET 96
TABLE 41 POWER: LITHIUM-SULFUR BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION) 97
TABLE 42 POWER: LITHIUM-SULFUR BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION) 97
9.6 MEDICAL 97
9.6.1 PROLONGED OPERATION WITHOUT FREQUENT CHARGING TO BOOST MARKET 97
TABLE 43 MEDICAL: LITHIUM-SULFUR BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION) 98
TABLE 44 MEDICAL: LITHIUM-SULFUR BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION) 98
10 LITHIUM-SULFUR BATTERY MARKET, BY REGION 99
10.1 INTRODUCTION 100
FIGURE 43 LITHIUM-SULFUR BATTERY MARKET, BY REGION 100
FIGURE 44 CHINA TO EXPAND AT HIGHEST CAGR IN GLOBAL LITHIUM-SULFUR BATTERY MARKET FROM 2023 TO 2028 100
TABLE 45 LITHIUM-SULFUR BATTERY MARKET, BY REGION, 2020–2022 (USD MILLION) 101
TABLE 46 LITHIUM-SULFUR BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION) 101
10.2 NORTH AMERICA 101
10.2.1 IMPACT OF RECESSION ON MARKET IN NORTH AMERICA 101
FIGURE 45 NORTH AMERICA: LITHIUM-SULFUR BATTERY MARKET SNAPSHOT 102
FIGURE 46 US TO DOMINATE MARKET FROM 2023 TO 2028 103
TABLE 47 NORTH AMERICA: LITHIUM-SULFUR BATTERY MARKET, BY COUNTRY, 2020–2022 (USD MILLION) 103
TABLE 48 NORTH AMERICA: LITHIUM-SULFUR BATTERY MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 103
TABLE 49 NORTH AMERICA: LITHIUM-SULFUR BATTERY MARKET, BY CAPACITY, 2020–2022 (USD MILLION) 104
TABLE 50 NORTH AMERICA: LITHIUM-SULFUR BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION) 104
TABLE 51 NORTH AMERICA: LITHIUM-SULFUR BATTERY MARKET, BY APPLICATION, 2020–2022 (USD MILLION) 104
TABLE 52 NORTH AMERICA: LITHIUM-SULFUR BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 105
10.2.2 US 105
10.2.2.1 Ongoing R&D by key players to commercialize Li-S batteries to drive market 105
10.2.3 CANADA 106
10.2.3.1 Government-led initiatives to encourage adoption of EVs to boost demand 106
10.2.4 MEXICO 106
10.2.4.1 Presence of cheap labor and lenient policies to offer lucrative growth opportunities to players 106
10.3 EUROPE 107
10.3.1 IMPACT OF RECESSION ON MARKET IN EUROPE 107
FIGURE 47 EUROPE: LITHIUM-SULFUR BATTERY MARKET SNAPSHOT 108
FIGURE 48 GERMANY TO DISPLAY HIGHEST CAGR IN EUROPEAN LITHIUM-SULFUR BATTERY MARKET 109
TABLE 53 EUROPE: LITHIUM-SULFUR BATTERY MARKET, BY COUNTRY, 2020–2022 (USD MILLION) 109
TABLE 54 EUROPE: LITHIUM-SULFUR BATTERY MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 109
TABLE 55 EUROPE: LITHIUM-SULFUR BATTERY MARKET, BY CAPACITY, 2020–2022 (USD MILLION) 110
TABLE 56 EUROPE: LITHIUM-SULFUR BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION) 110
TABLE 57 EUROPE: LITHIUM-SULFUR BATTERY MARKET, BY APPLICATION, 2020–2022 (USD MILLION) 110
TABLE 58 EUROPE: LITHIUM-SULFUR BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 111
10.3.2 GERMANY 111
10.3.2.1 Established automotive sector to contribute to market growth 111
10.3.3 UK 111
10.3.3.1 Increasing demand for compact and high-performance power sources in consumer electronics to support market growth 111
10.3.4 FRANCE 112
10.3.4.1 Thriving e-aviation sector to fuel market growth 112
10.3.5 REST OF EUROPE 112
10.4 ASIA PACIFIC 113
10.4.1 IMPACT OF RECESSION ON MARKET IN ASIA PACIFIC 113
FIGURE 49 ASIA PACIFIC: LITHIUM-SULFUR BATTERY MARKET SNAPSHOT 114
FIGURE 50 CHINA TO DOMINATE ASIA PACIFIC LITHIUM-SULFUR BATTERY MARKET DURING FORECAST PERIOD 115
TABLE 59 ASIA PACIFIC: LITHIUM-SULFUR BATTERY MARKET, BY COUNTRY, 2020–2022 (USD MILLION) 115
TABLE 60 ASIA PACIFIC: LITHIUM-SULFUR BATTERY MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 116
TABLE 61 ASIA PACIFIC: LITHIUM-SULFUR BATTERY MARKET, BY CAPACITY, 2020–2022 (USD MILLION) 116
TABLE 62 ASIA PACIFIC: LITHIUM-SULFUR BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION) 116
TABLE 63 ASIA PACIFIC: LITHIUM-SULFUR BATTERY MARKET, BY APPLICATION, 2020–2022 (USD MILLION) 117
TABLE 64 ASIA PACIFIC: LITHIUM-SULFUR BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 117
10.4.2 CHINA 117
10.4.2.1 Presence of developed infrastructure to manufacture lithium batteries to drive market 117
10.4.3 JAPAN 118
10.4.3.1 Increasing focus on achieving carbon-neutral society by 2050 to drive market 118
10.4.4 INDIA 118
10.4.4.1 “Make in India” initiative to accelerate market growth 118
10.4.5 SOUTH KOREA 119
10.4.5.1 Evolving landscape of electronic gadgets to offer lucrative growth opportunities to players 119
10.4.6 REST OF ASIA PACIFIC 119
10.5 ROW 119
10.5.1 IMPACT OF RECESSION ON MARKET IN ROW 119
FIGURE 51 GCC TO RECORD HIGHEST CAGR IN LITHIUM-SULFUR BATTERY MARKET IN ROW DURING FORECAST PERIOD 120
TABLE 65 ROW: LITHIUM-SULFUR BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION) 120
TABLE 66 ROW: LITHIUM-SULFUR BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION) 120
TABLE 67 ROW: LITHIUM-SULFUR BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 121
10.5.2 GCC 121
10.5.2.1 Growing investments in green and renewable energy projects to drive market 121
10.5.3 SOUTH AMERICA 121
10.5.3.1 Availability of cheap labor to drive market 121
10.5.4 REST OF MIDDLE EAST & AFRICA 122
10.5.4.1 Abundance of mineral reserves to boost demand 122
11 COMPETITIVE LANDSCAPE 123
11.1 OVERVIEW 123
11.2 KEY STRATEGIES ADOPTED BY MAJOR PLAYERS, 2020–2023 123
TABLE 68 LITHIUM-SULFUR BATTERY MARKET: OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS, 2020–2023 123
11.3 REVENUE ANALYSIS, 2018–2022 125
FIGURE 52 LITHIUM-SULFUR BATTERY MARKET: REVENUE ANALYSIS OF TWO KEY PLAYERS, 2018–2022 125
11.4 MARKET SHARE ANALYSIS, 2022 125
FIGURE 53 LITHIUM-SULFUR BATTERY MARKET SHARE ANALYSIS, 2022 126
TABLE 69 LITHIUM-SULFUR BATTERY MARKET SHARE ANALYSIS, 2022 126
11.5 COMPANY EVALUATION MATRIX, 2022 128
11.5.1 STARS 128
11.5.2 EMERGING LEADERS 128
11.5.3 PERVASIVE PLAYERS 128
11.5.4 PARTICIPANTS 128
FIGURE 54 LITHIUM-SULFUR BATTERY MARKET: COMPANY EVALUATION MATRIX, 2022 129
11.5.5 COMPANY FOOTPRINT 130
TABLE 70 OVERALL COMPANY FOOTPRINT 130
TABLE 71 COMPANY APPLICATION FOOTPRINT 131
TABLE 72 COMPANY REGION FOOTPRINT 132
11.6 START-UPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES)
EVALUATION MATRIX, 2022 133
11.6.1 PROGRESSIVE COMPANIES 133
11.6.2 RESPONSIVE COMPANIES 133
11.6.3 DYNAMIC COMPANIES 133
11.6.4 STARTING BLOCKS 133
FIGURE 55 LITHIUM-SULFUR BATTERY MARKET: START-UPS/SMES EVALUATION MATRIX, 2022 134
11.6.5 COMPETITIVE BENCHMARKING 135
TABLE 73 LITHIUM-SULFUR BATTERY MARKET: LIST OF KEY START-UPS/SMES 135
TABLE 74 LITHIUM-SULFUR BATTERY MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES 135
11.7 COMPETITIVE SCENARIOS AND TRENDS 136
11.7.1 DEALS 136
TABLE 75 LITHIUM-SULFUR BATTERY MARKET: DEALS, 2020–2023 136
12 COMPANY PROFILES 140
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
12.1 KEY PLAYERS 140
12.1.1 PPBC (POLYPLUS BATTERY COMPANY) 140
TABLE 76 PPBC: COMPANY OVERVIEW 140
TABLE 77 PPBC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 141
TABLE 78 PPBC: DEALS 141
12.1.2 NEXTECH BATTERIES 143
TABLE 79 NEXTECH BATTERIES: COMPANY OVERVIEW 143
TABLE 80 NEXTECH BATTERIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED 143
TABLE 81 NEXTECH BATTERIES: DEALS 144
12.1.3 LYTEN, INC. 146
TABLE 82 LYTEN, INC.: COMPANY OVERVIEW 146
TABLE 83 LYTEN, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 146
TABLE 84 LYTEN, INC.: DEALS 147
TABLE 85 LYTEN, INC.: OTHERS 148
12.1.4 LI-S ENERGY LIMITED 149
TABLE 86 LI-S ENERGY LIMITED: BUSINESS OVERVIEW 149
TABLE 87 LI-S ENERGY LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED 149
TABLE 88 LI-S ENERGY LIMITED: DEALS 150
12.1.5 ZETA ENERGY LLC 152
TABLE 89 ZETA ENERGY LLC: COMPANY OVERVIEW 152
TABLE 90 ZETA ENERGY LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 152
TABLE 91 ZETA ENERGY LLC: DEALS 153
12.1.6 ADEKA CORPORATION 155
TABLE 92 ADEKA CORPORATION: COMPANY OVERVIEW 155
FIGURE 56 ADEKA CORPORATION: COMPANY SNAPSHOT 156
TABLE 93 ADEKA CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 156
12.1.7 GELION PLC 157
TABLE 94 GELION PLC: COMPANY OVERVIEW 157
TABLE 95 GELION PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 158
TABLE 96 GELION PLC: DEALS 158
TABLE 97 GELION PLC: OTHERS 158
12.1.8 HYBRID KINETIC GROUP 159
TABLE 98 HYBRID KINETIC GROUP: COMPANY OVERVIEW 159
TABLE 99 HYBRID KINETIC GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 159
12.1.9 LG ENERGY SOLUTION 160
TABLE 100 LG ENERGY SOLUTION: COMPANY OVERVIEW 160
FIGURE 57 LG ENERGY SOLUTION: COMPANY SNAPSHOT 161
TABLE 101 LG ENERGY SOLUTION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 161
12.1.10 THEION GMBH 162
TABLE 102 THEION GMBH: COMPANY OVERVIEW 162
TABLE 103 THEION GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED 162
12.2 OTHER PLAYERS 163
12.2.1 COHERENT CORP. 163
12.2.2 GINER INC. 164
12.2.3 GS YUASA INTERNATIONAL LTD. 165
12.3 STARTUPS/SMES PLAYERS 166
12.3.1 CONAMIX 166
12.3.2 GLOBAL GRAPHENE GROUP 167
12.3.3 GRAPHENE BATTERIES AS 167
12.3.4 MSE SUPPLIES LLC 168
12.3.5 NEI CORPORATION 169
12.3.6 RECHARGION ENERGY PRIVATE LIMITED 170
12.3.7 XIAMEN TOB NEW ENERGY TECHNOLOGY CO., LTD. 170
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
13 ADJACENT AND RELATED MARKETS 171
13.1 INTRODUCTION 171
13.2 LITHIUM-ION BATTERY MARKET, BY VOLTAGE 171
13.2.1 INTRODUCTION 171
TABLE 104 LITHIUM-ION BATTERY MARKET, BY VOLTAGE, 2019–2022 (USD BILLION) 171
TABLE 105 LITHIUM-ION BATTERY MARKET, BY VOLTAGE, 2023–2032 (USD BILLION) 172
13.2.2 LOW 172
13.2.2.1 Built-in battery management feature to drive adoption by consumer electronics 172
13.2.3 MEDIUM 172
13.2.3.1 Rising adoption of medium-voltage li-ion batteries in solar energy systems to drive market 172
13.2.4 HIGH 173
13.2.4.1 Enhanced safety features to boost utilization in marine and military applications 173
14 APPENDIX 174
14.1 INSIGHTS FROM INDUSTRY EXPERTS 174
14.2 DISCUSSION GUIDE 175
14.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 178
14.4 CUSTOMIZATION OPTIONS 180
14.5 RELATED REPORTS 180
14.6 AUTHOR DETAILS 181