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Technavio, an international market research institution, recently released a report that from 2018 to 2022, the compound annual growth rate of the global lithium-sulfur battery market will exceed 71%.
Restraining lead contamination and stringent laws are the major factors
driving the growth of the market.
In 2016, lead-acid batteries accounted for the majority of
total lead production.
The standard configuration of lead-acid batteries includes a lead plate
in sulfuric acid placed inside a plastic casting.
The battery contains a large amount of lead oxide toxins
that are harmful to the environment.
Lead-acid batteries become 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 is increasing, and lithium-sulfur batteries will show rapid growth
during the forecast period.
In addition, the growing adoption of electric vehicles, plug-in hybrid electric vehicles, and hybrid electric vehicles and growing focus on renewable energy are expected to drive the market growth
.
Technavio explains, "In 2015, manufacturers of lithium-sulfur batteries tried to develop nanostructured electrodes and electrolytes
in batteries to improve energy efficiency.
Compared to conventional lithium-ion batteries, Li-S nanotechnology batteries are expected to provide at least three times the energy density
.
Researchers have proposed a battery structure
consisting of a silicon-carbon composite anode and a nanostructured lithium sulfide-carbon composite cathode.
”
From the perspective of application market, the aviation 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 share of the aviation market is expected to decline by nearly 9% by 2022, while the automotive market accounts for nearly 5%
of the total share of the lithium-sulfur battery market.
Technavio, an international market research institution, recently released a report that from 2018 to 2022, the compound annual growth rate of the global lithium-sulfur battery market will exceed 71%.
Restraining lead contamination and stringent laws are the major factors
driving the growth of the market.
In 2016, lead-acid batteries accounted for the majority of
total lead production.
The standard configuration of lead-acid batteries includes a lead plate
in sulfuric acid placed inside a plastic casting.
The battery contains a large amount of lead oxide toxins
that are harmful to the environment.
Lead-acid batteries become 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 is increasing, and lithium-sulfur batteries will show rapid growth
during the forecast period.
In addition, the growing adoption of electric vehicles, plug-in hybrid electric vehicles, and hybrid electric vehicles and growing focus on renewable energy are expected to drive the market growth
.
Technavio explains, "In 2015, manufacturers of lithium-sulfur batteries tried to develop nanostructured electrodes and electrolytes
in batteries to improve energy efficiency.
Compared to conventional lithium-ion batteries, Li-S nanotechnology batteries are expected to provide at least three times the energy density
.
Researchers have proposed a battery structure
consisting of a silicon-carbon composite anode and a nanostructured lithium sulfide-carbon composite cathode.
”
From the perspective of application market, the aviation 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 share of the aviation market is expected to decline by nearly 9% by 2022, while the automotive market accounts for nearly 5%
of the total share of the lithium-sulfur battery market.
