PUBLISHER: Allied Market Research | PRODUCT CODE: 1344481
PUBLISHER: Allied Market Research | PRODUCT CODE: 1344481
The automotive lithium-sulfur battery market is expected to experience a significant growth rate of 26.1% from 2026 to 2035 owing to growth in demand for electric vehicles, increased energy density across the globe - Allied Market Research
Various battery manufacturers, automotive OEMs (original equipment manufacturers), research institutions, and suppliers of raw materials and components are working on development of advanced automotive lithium-sulfur battery to further help in driving demand for the market. For instance, in January 2022, a team of researchers at the University of Michigan successfully developed a next-generation lithium-sulfur battery by incorporating recycled Kevlar. They have created a bio-inspired battery membrane, which allows the batteries to be charged repeatedly for commercial applications, including electric vehicles (EVs).
Factors, such as growth in demand for electric vehicles, increased energy density, and cost reduction, are anticipated to drive the market growth. However, safety concerns and limited cycle life hinder the market growth. Further, increase in investment of government association and private enterprises and research and technological advancements are some of the factors that are expected to offer lucrative opportunities for the market growth during the forecast period.
The market is segmented on the basis of battery capacity, propulsion type, vehicle type, and region. By battery capacity, it is categorized into less than 500mAh, between 501 to 1000 mAh, and more than 1000 mAh. By propulsion type, it is categorized into battery electric vehicle, hybrid electric vehicle, and plug-in hybrid electric vehicles. By vehicle type, it is categorized into two-wheeler, passenger vehicle, and commercial vehicle. Region-wise, it is analysed across North America, Europe, Asia-Pacific, and LAMEA.
The major companies profiled in the automotive lithium battery market include Giner, Inc., Ilika, Johnson Matthey, LG Chem, Lyten Inc., Morrow Batteries, NexTech Batteries, PPBC and its licensees, Sion Power Corporation, and Williams Advanced Limited.