Press release
Sulfur-Based Battery Market Poised for Significant Growth, Expected to Reach USD 2.46 Billion by 2031.
Sulfur-Based Battery Market
The global Sulfur-based battery market is estimated to reach over USD 2,457.66 Mn by 2031, exhibiting a CAGR of 17.2% during the forecast period.
Get Free Access to Demo Report, Excel Pivot and ToC: https://www.insightaceanalytic.com/request-sample/2035
Increased demand for electric vehicles and other heavily electric power-driven vehicles, as well as government policies encouraging the development of electric vehicles and their "zero carbon" targets, are likely to fuel market expansion over the forecast period. Following the energy crisis during the pandemic, major countries worldwide expanded their investments in renewable energy industries, including wind farms and solar farms, which raised demand for energy storage devices. Global warming has caused major industrialized emerging countries to phase out thermal power facilities and invest in renewable energy sources. The sudden surge in renewable energy power output in China has placed a significant strain on the energy transmission and distribution system, necessitating the use of batteries to store extra power. The aforementioned applications and demand are the primary drivers of the sulfur-based battery industry.
List of Prominent Players in the Sulfur-based Battery Market:
• NGK Insulators, Ltd.
• Lyten, Inc.
• LG Energy Solution
• Li-S Energy Limited
• Giner Inc.
• Xcel Energy Inc.
• NexTech Batteries
• Johnson Matthey
• Zeta Energy LLC
• Theion GmbH
• PolyPlus Battery Company
• Sion Power Corporation
• Morrow Batteries
• Saft-Total Energies
• CALB
Expert Knowledge, Just a Click Away: https://calendly.com/insightaceanalytic/30min?month=2024-02
Market Dynamics:
Drivers-
Sulfur-based batteries are those that use a sulfur-based cathode. It is employed in stationary energy storage as well as vehicular energy storage. Various firms producing conventional batteries such as lithium-ion, lead acid, and others are becoming interested in the research and development of sulfur-based batteries to meet future demand from long-range electric vehicles and high-energy storage capacity batteries in stationary applications.
Challenges:
The high cost of lithium-sulfur in comparison to lithium-ion batteries, as well as the complex mechanism of the battery system manufacture, are factors limiting the growth of the sulfur-based battery market over the projection period. Another factor impeding market expansion is the necessity for graphite-based composites to prevent dendrites and micro short circuits, as well as manufacturers' quick innovation to improve lithium-ion batteries.
Regional Trends:
The Asia-Pacific area is well-known for its advanced battery manufacturing industry. The shifting momentum towards renewable energy generation sources, as well as government support for it, are the most compelling factors driving the widespread deployment of battery energy storage systems, either in conjunction with renewable power projects (such as wind, solar, and others) or as standalone energy storage projects. Countries like China, India, and Japan have seen the biggest increase in renewable energy storage projects. Energy storage capacity additions in China rose more than double in 2020 compared to the earlier year. China has stated that it intends to deploy more than 30GW of energy storage installations by 2025. As a result, various initiatives are being planned around the country to meet the target.
Unlock Your GTM Strategy: https://www.insightaceanalytic.com/customisation/2035
Recent Developments:
• In October 2021, BASF New Business (BNB), a part of the German chemicals giant BASF, commissioned an energy storage system consisting of four NAS battery containers connected to the power grid at BASF's Verbund location in Antwerp, Belgium.
Segmentation of Sulfur-based Battery Market-
By Application-
• Automotive Energy Storage
• Stationary Energy Storage
• Consumer Electronics
• Aerospace and Defence
By Product Type-
• Sodium-Sulfur Battery
• Lithium-Sulfur Battery
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa
Empower Your Decision-Making with 180 Pages Full Report @ https://www.insightaceanalytic.com/buy-report/2035
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
Contact us:
InsightAce Analytic Pvt. Ltd.
Visit: www.insightaceanalytic.com
Tel : +1 551 226 6109
Asia: +91 79 72967118
info@insightaceanalytic.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Sulfur-Based Battery Market Poised for Significant Growth, Expected to Reach USD 2.46 Billion by 2031. here
News-ID: 3795110 • Views: …
More Releases from Insightace Analytic Pvt Ltd.
Premenstrual Syndrome (PMS) and Menstrual Health Supplements Market to Grow at 5 …
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Premenstrual Syndrome (PMS) and Menstrual Health Supplements Market- (By Product Type (Combined Nutritional Supplements, Single Nutritional Supplements), By Type Indication (Perimenopause, PMS), By Formulation (Capsules/Tablets, Powder, Softgels, Other), By Sales Channel (Pharmacies/Drug Stores, Online Sales Channel, Direct Sales Channel, Others)), By Region, Trends, Industry Competition Analysis, Revenue and Forecast To 2031."
According to the latest research…
Cell and Gene Therapy CRO Market Forecast Shows Robust Growth Across North Ameri …
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Cell and Gene Therapy CRO Market- (By Type of Cell Therapy (CAR-NK, CAR-T, TCR-T, and Others), By Type of Genetic Modification (Ex vivo and In vivo), By Stage of Development (Discovery, Preclinical, and Clinical)), By Therapeutic Area, By End-user, By Region, Trends, Industry Competition Analysis, Revenue and Forecast To 2031."
According to the latest research by…
Bioseparation Systems Market Top Companies Study - GE Healthcare Life Sciences, …
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Bioseparation Systems Market- (By Type (Centrifugation Technology, Cell Disruption Technology, Chromatography Technique, Extraction Technique, Filtration Technologies and Membrane-based Bioseparation and Precipitation), Application (Food, Life Sciences, Pharmaceutical and Biopharmaceutical)), By Region, Trends, Industry Competition Analysis, Revenue and Forecast To 2031."
According to the latest research by InsightAce Analytic, the Global Bioseparation Systems Market is valued at US$…
Medical Nutrition Market Key Players Analysis - Abbott Laboratories; Pfizer Inc. …
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the " Global Medical Nutrition Market Size, Share & Trends Analysis Report By Nutrition Type (Proteins, Carbohydrates, Multivitamins & Antioxidants, Amino Acids, Fibers, Minerals), By Indication (Diabetes, Cancer, Gastrointestinal Diseases, Metabolic Syndromes), By Patient Type (Infants, Adults, And Geriatric Populations), Indication (Diabetes, Cancer, Gastrointestinal Diseases, Metabolic Syndromes), End-User (Home Care Settings, Long-Term Care Facilities, And Ambulatory Surgical…
More Releases for Battery
Thin Film Micro Battery Market, By Rechargeability (Primary Battery, Secondary B …
The thin film micro battery market is expected to witness market growth at a rate of 30.9% in the forecast period of 2022 to 2029. Data Bridge Market Research report on thin film micro battery market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the demand for the Internet of Things (IoT)…
Deep Cycle Gel Battery Market 2022 Analysis by Top Leading Players | Trojan Batt …
The Deep Cycle Gel Battery Market report offers qualitative and quantitative insights as well as a thorough examination of the market size and expansion rate of all potential market segments. The report has been put together using primary and secondary research methodologies, which offer an exact and detailed understanding of the Deep Cycle Gel Battery market. The Deep Cycle Gel Battery Market is projected to succeed at a CAGR of…
Global Power Energy Storage Battery Market 2019 - Lithium Ion Battery,All-vanadi …
Power Energy Storage Battery Market
The Global Power Energy Storage Battery Market 2019 Research Report incorporates a total and careful investigation of Power Energy Storage Battery industry covering diverse perspectives like market volume, piece of the overall industry, advertise techniques, Power Energy Storage Battery development patterns, assortment of uses, use volume, request and supply examination, creation limit and Power Energy Storage Battery industry cost structures amid Forecast period from…
Space Battery Market analysis report- with Leading players, Types Nickel-based B …
Space Battery Market
The Space Battery Market is defined by the presence of some of the leading competitors operating in the market, including the well-established players and new entrants, and the suppliers, vendors, and distributors. The report also analyzes the development proposals and the feasibility of new investments. The Space Battery Market report has been collated in order to provide guidance and direction to the companies and individuals interested in buying this…
Global EV Battery Recycling Market : Nickel–Cadmium Battery, Nickel–Metal Hy …
The EV Battery Recycling Market Research Report consists of all the essential information in regards to the global market. This report presents an in-depth analysis of various industry factors, such as the market trends, dynamics, production, estimates, industry development drivers, size, share, investigation, supply, forecast trends, sales, industry demand, as well as several other factors.
The Global EV Battery Recycling Market report has been generated leveraging a target amalgamation…
Global Lead Acid UPS Battery Market 2017 : Sebang Global Battery, CSB Battery, H …
Global Lead Acid UPS Battery Market 2016-2017
A market study based on the " Lead Acid UPS Battery Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Lead Acid UPS Battery Market 2017’. The research report analyses the historical as well as present performance of the worldwide Lead Acid UPS Battery industry, and makes predictions on the future status of Lead Acid UPS Battery…
