The demand for lithium sulfur battery is growing at an astronomical rate owing to the factors such as rising government investment in renewable energy project and burgeoning adoption of EVs, plug-in hybrid EVs, in order to protect environment and curb the greenhouse emission from the transportation sector. Besides this, increasing adoption of Li-Si batteries as a replacement for lithium-ion batteries is various consumer electronic such as smartphones, tablets, laptops and power banks, among other devices are driving the growth of the market. Moreover, deployment of Li-Si batteries in short-range aircraft and snowballing demand for these batteries in grid-scale energy storage are anticipated to strongly contribute to the growth of the market in the forecast period.

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Key questions answered in the study
1. What are the current and future trends of the Lithium Sulfur Battery industry?
2. How the industry has been evolving in terms of end-user demand and application areas?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Lithium Sulfur Battery industry?
5. What is the customer orientation, purchase behavior, and expectations from the Lithium Sulfur Battery firms across various regions?

According to MarkNtel Advisors’ research report “Global Lithium Sulfur Battery Market Analysis, 2021”, Global Lithium Sulfur Battery market is anticipated to grow at a CAGR of 13% during 2021-26. The outbreak of COVID-19 has influenced the all the sector adversely. The automotive and aviation sectors was adversely suffered from the pandemic which as further impacted its allied market as well. The decline in the sales of electric vehicle due to disruption on supply chain, closure of the manufacturing and decrease in the demand has affected the market and demand for Lithium sulfur battery.

“Global Lithium Sulfur Battery Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Lithium Sulfur Battery providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.

Asia-Pacific Attain Highest CAGR
Asia-Pacific is projected to attain highest CAGR in Global Lithium Sulfur Battery over the forecast period during 2021-26. India and China acquired the highest market share in Asia-Pacific region. The growth is accredited to burgeoning advancement in the power and energy sector, snowballing investment in electric vehicle to curb the carbon emission and increase in the demand for energy storage system due to surging need for electricity for operating industries such as electrical and manufacturing. Therefore, these are placing a positive influence to the growth of Lithium Sulfur Battery market in the forecast period as stated in MarkNtel Advisors’ research report “Global Lithium Sulfur Battery Market Analysis, 2021”.

According to MarkNtel Advisors’, the key players with a considerable market share in Global Lithium Sulfur Battery market are A123 Systems LLC, Automotive Energy Supply Corporation, GS Yuasa International Ltd., Hitachi Chemical Co., Ltd., Johnson Controls International PLC, LG Chem Ltd., Panasonic Corporation, Samsung SDI Co., Ltd., Tesla, Inc., Toshiba Corporation etc.

Market Segmentation:
1. By Application (Aviation, Automotive, Electronics, Power Sector, Manufacturing, Others)
2. By Sales Channel (Manufacturer, Aftermarket)
3. By Region (North America, South America, Europe, Asia-Pacific, Middle East & Africa)
4. By Country (US, Canada, Mexico, Brazil, UK, Germany, France, Italy, Spain, UAE, Saudi Arabia, South Africa, China, Japan, South Korea, Australia, India),
5. By Company (A123 Systems LLC, Automotive Energy Supply Corporation, GS Yuasa International Ltd., Hitachi Chemical Co., Ltd., Johnson Controls International PLC, LG Chem Ltd., Panasonic Corporation, Samsung SDI Co., Ltd., Tesla, Inc., Toshiba Corporation etc.)