LONDON--(BUSINESS WIRE)--Technavio’s latest market research report on the global lithium-sulfur battery market provides an analysis of the most important trends expected to impact the market outlook from 2018-2022. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
According to Technavio market research analysts, the global lithium-sulfur battery market will grow at a CAGR of over 71% during the forecast period. Lead pollution and stringent laws is a major factor driving the market’s growth.
Lead-acid batteries accounted for a major part of the total production of lead in 2016. The standard arrangement of lead-acid batteries includes lead plates that are placed in sulfuric acid inside a plastic casting. Recycling of Li-S batteries decreases the number of disposable batteries as solid waste. However, the battery cells contain a significant amount of lead oxide toxins, which are harmful to the environment. Lead-acid batteries become unusable and are considered hazardous waste when they stop yielding efficiency. Earlier, the recycling of lead-acid batteries was carried out in highly populated areas with limited pollution checks, which affected the environment.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Save more with Technavio. Buy 2 reports and get the third for FREE: View all Technavio’s current offers
In this report, Technavio highlights the use of nanotechnology in batteries as one of the key emerging trends in the global lithium-sulfur battery market:
Use of nanotechnology in batteries
The global nanotechnology-enabled battery market is expected to grow during the forecast period. However, nanotechnology-enabled batteries are still new and developing. The implementation of nanotechnology in battery production and development is expected to improve the compatibility of power supplies. The increasing adoption of EVs, plug-in hybrid EVs, and hybrid EVs and the growing focus on renewable energy is expected to drive growth in the market.
“In 2015, to improve energy efficiency, players that manufacture Li-S batteries tried developing nanostructured electrodes and electrolytes in batteries. When compared to traditional Li-ion batteries, Li-S nanotechnology-enabled batteries are expected to deliver an energy density that is at least three times higher. Researchers have proposed a battery configuration that consists of a silicon carbon composite anode and nanostructured lithium sulfide-carbon composite cathode,” says a senior analyst at Technavio for research on energy storage.
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Global lithium-sulfur battery market segmentation
This market research report segments the global lithium-sulfur battery market into the following end-users, including aviation and automotive and key regions, including the Americas, APAC, and EMEA.
The aviation segment held the largest market share in 2017, accounting for nearly 99% of the market. The market share for this end-user is expected to decrease nearly 9% by 2022. The fastest growing end-user is automotive, which will account for nearly 5% of the total market share by 2022.
| Save big with Technavio this May! |
|
Find out what companies are venturing in to beat the heat this summer! Technavio indulges you with a massive 20% OFF on all non-alcoholic beverages reports for the entire month. |
| OR |
|
Technavio honors the achievements and efforts of Motherhood this Mother's Day by offering a whopping 30% OFF on all cosmetics and toiletry reports. Offer valid from 7th May for a limited period. |
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com.
