Product Code: GVR-4-68040-377-0
Lithium-Sulfur Battery Market Size & Trends
The global lithium-sulfur battery market size was estimated at USD 33.80 million in 2023 and is expected to grow at a CAGR of 25.5% from 2024 to 2030. The lithium-sulfur (Li-S) battery market is primarily driven by the increasing demand for high-energy-density storage solutions in various sectors, particularly in electric vehicles (EVs) and portable electronics.
Li-S batteries offer theoretical energy densities up to five times higher than traditional lithium-ion batteries, making them a promising technology for extending the range of EVs and improving the battery life of mobile devices. For example, companies such as Oxis Energy and Sion Power have been developing Li-S batteries specifically for the automotive and aerospace industries, aiming to provide longer-lasting and lighter-weight power sources.
Another significant driving factor is the potential cost-effectiveness of Li-S batteries. Sulfur, the primary cathode material, is abundantly available and inexpensive compared to the cobalt and nickel used in conventional lithium-ion batteries. This cost advantage could lead to more affordable energy storage solutions, particularly for large-scale applications such as grid storage. Additionally, the environmental benefits of using sulfur, a byproduct of petroleum refining, align with the growing focus on sustainable and eco-friendly technologies.
However, the Li-S battery market also faces challenges that are influencing its development. The main technical hurdles include the shuttle effect, where polysulfides dissolve and migrate between electrodes, causing capacity loss. Also, the expansion of the sulfur cathode during cycling, which can lead to structural degradation. Researchers and companies are actively working on addressing these issues through advanced materials and cell designs. For instance, Stanford University scientists developed a novel coating that helps prevent the shuttle effect, potentially increasing the lifespan of Li-S batteries.
Global Lithium-Sulfur Battery Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the lithium-sulfur battery market report based on battery capacity, type, application, and region:
- Battery Capacity Outlook (Revenue, USD Million, 2018 - 2030)
- Below 500 mAh
- 500-1000 mAh
- Above 1000 mAh
- Type Outlook (Revenue, USD Million, 2018 - 2030)
- Low Energy Density
- High Energy Density
- Application Outlook (Revenue, USD Million, 2018 - 2030)
- Automotive
- Aerospace
- Consumer Electronics
- Energy Storage Systems
- Medical Devices
- Military and Defense
- Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
China
India
Japan
South Korea
Australia
Brazil
UAE
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Materials & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
- 1.7. List of Abbreviations
Chapter 2. Executive Summary
- 2.1. Market Outlook, 2023 (USD Million)
- 2.2. Segmental Outlook
- 2.3. Competitive Landscape Snapshot
Chapter 3. Lithium-Sulfur Battery Market Variables, Trends, and Scope
- 3.1. Market Lineage Outlook
- 3.2. Penetration and Growth Prospect Mapping
- 3.3. Industry Value Chain Analysis
- 3.4. Price Trend Analysis, 2018 to 2030 (USD/Unit)
- 3.4.1. Key Factors Influencing Pricing
- 3.5. Regulatory Framework
- 3.5.1. Standard & Compliance
- 3.5.2. Safety
- 3.6. Market Dynamics
- 3.6.1. Market Driver Analysis
- 3.6.2. Market Restraint Analysis
- 3.6.3. Market Challenges Analysis
- 3.6.4. Market Opportunity Analysis
- 3.7. Business Environment Analysis
- 3.7.1. Industry Analysis - Porter's Five Forces Analysis
- 3.7.2. PESTEL Analysis
Chapter 4. Lithium-Sulfur Battery Market: Battery Capacity Estimates & Trend Analysis
- 4.1. Definition & Scope
- 4.2. Battery Capacity Movement Analysis & Market Share, 2023 & 2030
- 4.3. Below 500 mAh
- 4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.4. 500-1000 mAh
- 4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.5. Above 1000 mAh
- 4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 5. Lithium-Sulfur Battery Market: Type Estimates & Trend Analysis
- 5.1. Definition & Scope
- 5.2. Type Movement Analysis & Market Share, 2023 & 2030
- 5.3. Low Energy Density
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.4. High Energy Density
- 5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 6. Lithium-Sulfur Battery Market: Application Estimates & Trend Analysis
- 6.1. Definition & Scope
- 6.2. Application Movement Analysis & Market Share, 2023 & 2030
- 6.3. Automotive
- 6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.4. Aerospace
- 6.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.5. Consumer Electronics
- 6.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.6. Energy Storage Systems
- 6.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.7. Medical Devices
- 6.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.8. Military Defense
- 6.8.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 7. Lithium-Sulfur Battery Market: Regional Estimates & Trend Analysis
- 7.1. Key Takeaways
- 7.2. Regional Movement Analysis & Market Share, 2023 & 2030
- 7.3. North America
- 7.3.1. market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.3.2. market estimates and forecasts, by battery capacity, 2018 - 2030 (USD Million)
- 7.3.3. market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 7.3.4. market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 7.3.5. U.S.
- 7.3.5.1. market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.3.5.2. market estimates and forecasts, by battery capacity, 2018 - 2030 (USD Million)
- 7.3.5.3. market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 7.3.5.4. market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 7.3.6. Canada
- 7.3.6.1. market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.3.6.2. market estimates and forecasts, by battery capacity, 2018 - 2030 (USD Million)
- 7.3.6.3. market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 7.3.6.4. market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 7.3.7. Mexico
- 7.3.7.1. market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.3.7.2. market estimates and forecasts, by battery capacity, 2018 - 2030 (USD Million)
- 7.3.7.3. market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 7.3.7.4. market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 7.4. Europe
- 7.4.1. market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.4.2. market estimates and forecasts, by battery capacity, 2018 - 2030 (USD Million)
- 7.4.3. market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 7.4.4. market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 7.4.5. Germany
- 7.4.5.1. market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.4.5.2. market estimates and forecasts, by battery capacity, 2018 - 2030 (USD Million)
- 7.4.5.3. market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 7.4.5.4. market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 7.4.6. U.K.
- 7.4.6.1. market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.4.6.2. market estimates and forecasts, by battery capacity, 2018 - 2030 (USD Million)
- 7.4.6.3. market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 7.4.6.4. market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 7.4.7. France
- 7.4.7.1. market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.4.7.2. market estimates and forecasts, by battery capacity, 2018 - 2030 (USD Million)
- 7.4.7.3. market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 7.4.7.4. market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 7.4.8. Italy
- 7.4.8.1. market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.4.8.2. market estimates and forecasts, by battery capacity, 2018 - 2030 (USD Million)
- 7.4.8.3. market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 7.4.8.4. market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 7.4.9. Spain
- 7.4.9.1. market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.4.9.2. market estimates and forecasts, by battery capacity, 2018 - 2030 (USD Million)
- 7.4.9.3. market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 7.4.9.4. market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 7.5. Asia Pacific
- 7.5.1. market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.5.2. market estimates and forecasts, by battery capacity, 2018 - 2030 (USD Million)
- 7.5.3. market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 7.5.4. market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 7.5.5. China
- 7.5.5.1. market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.5.5.2. market estimates and forecasts, by battery capacity, 2018 - 2030 (USD Million)
- 7.5.5.3. market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 7.5.5.4. market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 7.5.6. India
- 7.5.6.1. market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.5.6.2. market estimates and forecasts, by battery capacity, 2018 - 2030 (USD Million)
- 7.5.6.3. market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 7.5.6.4. market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 7.5.7. Japan
- 7.5.7.1. market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.5.7.2. market estimates and forecasts, by battery capacity, 2018 - 2030 (USD Million)
- 7.5.7.3. market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 7.5.7.4. market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 7.5.8. South Korea
- 7.5.8.1. market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.5.8.2. market estimates and forecasts, by battery capacity, 2018 - 2030 (USD Million)
- 7.5.8.3. market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 7.5.8.4. market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 7.5.9. Australia
- 7.5.9.1. market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.5.9.2. market estimates and forecasts, by battery capacity, 2018 - 2030 (USD Million)
- 7.5.9.3. market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 7.5.9.4. market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 7.6. Central & South America
- 7.6.1. market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.6.2. market estimates and forecasts, by battery capacity, 2018 - 2030 (USD Million)
- 7.6.3. market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 7.6.4. market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 7.6.5. Brazil
- 7.6.5.1. market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.6.5.2. market estimates and forecasts, by battery capacity, 2018 - 2030 (USD Million)
- 7.6.5.3. market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 7.6.5.4. market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 7.7. Middle East & Africa
- 7.7.1. market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.7.2. market estimates and forecasts, by battery capacity, 2018 - 2030 (USD Million)
- 7.7.3. market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 7.7.4. market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 7.7.5. UAE
- 7.7.5.1. market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.7.5.2. market estimates and forecasts, by battery capacity, 2018 - 2030 (USD Million)
- 7.7.5.3. market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 7.7.5.4. market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Key Players & Recent Developments & Their Impact on the Industry
- 8.2. Key Company/Competition Categorization
- 8.3. List of key Components Suppliers and Channel Partners
- 8.4. Company Market Share & Position Analysis, 2023
- 8.5. Company Heat Map Analysis
- 8.6. Competitive Dashboard Analysis
- 8.7. Strategy Mapping
- 8.7.1. Collaboration/ Partnerships/ Agreements
- 8.7.2. New Product launches
- 8.7.3. Mergers & Acquisitions
- 8.7.4. Research & Development
- 8.7.5. Others
- 8.8. Company Listing/Profiles
- 8.8.1. PolyPlus Battery Company
- 8.8.1.1. Company Overview
- 8.8.1.2. Financial Performance
- 8.8.1.3. Product Benchmarking
- 8.8.2. NexTech Batteries Inc.
- 8.8.2.1. Company Overview
- 8.8.2.2. Financial Performance
- 8.8.2.3. Product Benchmarking
- 8.8.3. Li-S Energy Limited
- 8.8.3.1. Company Overview
- 8.8.3.2. Financial Performance
- 8.8.3.3. Product Benchmarking
- 8.8.4. Zeta Energy LLC
- 8.8.4.1. Company Overview
- 8.8.4.2. Financial Performance
- 8.8.4.3. Product Benchmarking
- 8.8.5. GS Yuasa Corporation
- 8.8.5.1. Company Overview
- 8.8.5.2. Financial Performance
- 8.8.5.3. Product Benchmarking
- 8.8.6. LG Energy Solutions Ltd.
- 8.8.6.1. Company Overview
- 8.8.6.2. Financial Performance
- 8.8.6.3. Product Benchmarking
- 8.8.7. Saft Groupe SA
- 8.8.7.1. Company Overview
- 8.8.7.2. Financial Performance
- 8.8.7.3. Product Benchmarking
- 8.8.8. Gelion PLC
- 8.8.8.1. Company Overview
- 8.8.8.2. Financial Performance
- 8.8.8.3. Product Benchmarking
- 8.8.9. Sion Power Corporation
- 8.8.9.1. Company Overview
- 8.8.9.2. Financial Performance
- 8.8.9.3. Product Benchmarking
- 8.8.10. Johnson Matthey
- 8.8.10.1. Company Overview
- 8.8.10.2. Financial Performance
- 8.8.10.3. Product Benchmarking
- 8.8.11. Giner, Inc.
- 8.8.11.1. Company Overview
- 8.8.11.2. Financial Performance
- 8.8.11.3. Product Benchmarking
- 8.8.12. Lynntech, Inc.
- 8.8.12.1. Company Overview
- 8.8.12.2. Financial Performance
- 8.8.12.3. Product Benchmarking
- 8.8.13. Ilika Technologies
- 8.8.13.1. Company Overview
- 8.8.13.2. Financial Performance
- 8.8.13.3. Product Benchmarking
- 8.8.14. Williams Advanced Engineering
- 8.8.14.1. Company Overview
- 8.8.14.2. Financial Performance
- 8.8.14.3. Product Benchmarking
- 8.8.15. Guang Dong Xiaowei New Energy Technology Co., Ltd.
- 8.8.15.1. Company Overview
- 8.8.15.2. Financial Performance
- 8.8.15.3. Product Benchmarking