Lithium-sulfur batteries will show rapid growth in 2018-2022

International market research institute Technavio recently released a report that the global lithium-sulfur battery market will grow at a compound annual growth rate of over 71% from 2018 to 2022. Suppressing lead pollution and strict laws are the main factors driving market growth.

In 2016, lead-acid batteries accounted for the majority of total lead production. Standard configurations for lead-acid batteries include lead plates placed in sulfuric acid in plastic castings. The battery contains a lot of environmentally harmful lead oxide toxins. Lead-acid batteries became unusable. Previously, the recycling of lead-acid batteries was carried out in densely populated areas with limited pollution checks, which affected the environment.

Therefore, with the development of technology, the world's awareness of environmental protection continues to increase. During the forecast period, lithium-sulfur batteries will show rapid growth. In particular, the growing popularity of electric vehicles, plug-in hybrid electric vehicles, and hybrid electric vehicles, as well as growing concerns about renewable energy, are expected to drive market growth.

Technavio explained, “In 2015, to improve energy efficiency, manufacturers of lithium-sulfur batteries are trying to develop nanostructured electrodes and electrolytes in batteries. Compared to traditional lithium-ion batteries, Li-S nanotechnology batteries are expected to provide at least three times Energy density. Researchers have proposed a battery structure consisting of a silicon-carbon composite anode and a nanostructured lithium-carbon composite cathode."

From the application market point of view, thespecial market has the largest demand for lithium-sulfur batteries, accounting for almost 99% of the global market in 2017. However, with the rise of new energy vehicles, the market share of thespecial market is expected to decline by nearly 9% by 2022, while the automotive market accounts for nearly 5% of the lithium-sulfur battery market.

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