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Sulfur-Based Battery Market - A Global and Regional Analysis: Focus on Application, Product, and Country-Wise Analysis - Analysis and Forecast, 2022-2031

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  • 186 Pages
  • December 2022
  • Region: Global
  • BIS Research
  • ID: 5706781
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Increase in Demand from Grid Scale Energy Storage Applications

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The global sulfur-based battery market was valued at $517.4 million in 2021, which is expected to grow with a CAGR of 17.69% and reach $2,669.9 million by 2031. The growth in the global sulfur-based battery market is expected to be driven by an increase in investment toward renewable power generation, battery energy storage systems, and EV charging station infrastructure across the globe.

Market Lifecycle Stage

The sulfur-based battery market is in a mixed emerging and introduction phase owing to different battery technologies in the market. As sodium sulfur-battery technology is on the verge of introduction to the growth stage, the lithium-sulfur battery is in the development stage. Sulfur-based batteries are expected to be the replacement for lithium-ion batteries in the coming years.

Impact

  • Sulfur-based batteries are the types of batteries that use sulfur-based cathode. It is used in stationary energy storage and automotive energy storage applications. Various companies manufacturing conventional batteries such as lithium-ion, lead acid, and others are gaining interest in the R&D of sulfur-based batteries to fulfill the future demand from large-range electric vehicles and high-energy storage capacity batteries in stationary applications.
  • The search for next-generation high-power and high-performance battery systems, such as sulfur-based batteries, has begun in the battery industry as the demand for renewable energy sources keeps rising. An economical and effective use of the generated power would be made possible by advanced energy storage systems with a long cycle life and low cost. For electric vehicles, automotive manufacturers are actively focusing on innovations, which is fostering the quick development of battery systems with significant power, high energy density, long range, and safety.

Impact of COVID-19

Due to the COVID-19 pandemic, research and development has slowed down owing to the lack of funding, halted manufacturing activities, and components or raw material supply chain disruptions. In addition, a halt in the building and construction of renewable power infrastructure, electric vehicle, and EV infrastructure projects was further affected by COVID-19, which resulted in a decrease in demand for battery products and affected R&D projects worldwide.

Market Segmentation

Segmentation 1: by Application

  • Automotive Energy Storage
  • Stationary Energy Storage
  • Consumer Electronics
  • Aerospace and Defence

Based on application, the global sulfur-based battery market is expected to be dominated by stationary energy storage applications. This is followed by the automotive energy storage segment, which accounted for the second-largest share in the sulfur-based battery market in the year 2021 due to increasing demand for electric vehicles and the building and construction of EV charging stations across the globe.

Segmentation 2: by Product Type

  • Sodium-Sulfur Battery
  • Lithium-Sulfur Battery

The global sulfur-based battery market based on product type was dominated by sodium-sulfur batteries in 2021. Further, in the forecast period, the adoption of lithium-sulfur batteries is expected to grow due to the advantages of these batteries over lithium-ion batteries in the future.

Segmentation 3: by Region

  • North America - U.S., Canada, and Mexico
  • Europe - Germany, France, Italy, Spain, and Rest-of-Europe
  • China
  • U.K.
  • Asia-Pacific - India, Japan, Australia, South Korea, and Rest-of-Asia-Pacific
  • Middle East and Africa - U.A.E., Saudi Arabia, South Africa, and Rest-of-Middle East & Africa
  • South America - Brazil and Rest-of-South America

Asia-Pacific generated the highest revenue of $262.5 million in 2021. The region is experiencing an increase in renewable power generation, distributed generation, and sales of electric vehicles. Therefore, lithium-ion and large-scale battery technologies will be challenged by sulfur-based battery alternatives in stationary energy storage and EV infrastructures. The Asia-Pacific region is anticipated to grow at a faster rate during the forecast period.

Recent Developments in the Global Sulfur-Based Battery Market

  • In September 2022, Toho Gas, a utility company that serves 54 cities in central Japan, ordered or rewarded a supply contract to NGK Insulators, Ltd for an 11.4MW/69.6MWh sodium sulfur system. This sodium-sulfur battery system would be deployed at Tsu LNG station in Mie Prefecture. This would strengthen the presence of the company in the sulfur-based battery market in Japan.
  • In January 2022, Lyten, Inc. signed an agreement with the U.S. Department of Defense through the National Security Innovation Capital (NSIC) program. This agreement aimed at enhancing the lithium-sulfur battery technology for commercial and national security use. This would expand the manufacturing and production capacity of the domestic battery prototype of the company.
  • In April 2022, Li-S Energy Limited expanded its production to Geelong with a new facility for 2-megawatt-hour annual production. The company would expand its production capacity for lithium-sulfur batteries, which is near the current production facility and research labs on the campus.
  • In September 2020, LG Chem Ltd. successfully finished flight testing by using a lithium-sulfur battery in the high-altitude long-endurance solar-powered unmanned vehicle (EAV-3). This unmanned vehicle was developed by Korea Aerospace Research Institute. Lithium-sulfur battery was developed by the research team of LG Chem with efforts of 1.5 years. This strategy would strengthen the position of the company in the sulfur-based battery market in the coming years.

Demand - Drivers and Limitations

The following are the demand drivers for the sulfur-based battery market:

  • Rise in Demand for High Power Capacity Batteries from EV Applications
  • Rapid Growth of Energy Storage Systems in Renewable Energy Generation
  • Increase in Demand from Grid Scale Energy Storage Applications

The market is expected to face the following challenges:

  • Technological Advancements in Lithium-ion Battery

How can this report add value to end users?

Product/Innovation Strategy: The product segment helps the reader understand the different types of sulfur-based batteries that are expected to be available for deployment in stationary energy storage infrastructures and automotive applications. Moreover, the study provides the reader with a detailed understanding of the different product types based on applications (automotive energy storage, stationary energy storage, consumer electronics, and aerospace and defense). Sulfur-based batteries are expected to be highly efficient batteries when compared to conventional battery technologies in terms of energy density and high energy storage capacity. Therefore, sulfur-based batteries are expected to be a moderate investment and high revenue-generating product in the coming years owing to the rise in investment toward electric vehicle (EV) infrastructure, renewable power expansion, grid-scale energy storage, and others.

Growth/Marketing Strategy: The global sulfur-based battery market has seen major development by key players operating in the market, such as acquisition, partnership, agreement, business expansion, and product launches. The favored strategy for the companies has been agreements, business expansions, and product launches to strengthen their positions in the sulfur-based battery market.

For instance, in April 2022, Theion GmbH launched a new battery with triple energy density for all mobile applications, and it requires 90% less energy to manufacture as compared to a lithium-ion battery. It uses sulfur-based cathode in its battery chemistry. This strategy strengthened the product offering of the company.

Competitive Strategy: Key players in the global sulfur-based battery market analyzed and profiled in the study involve transformer manufacturers that are engaged in the R&D of sulfur-based batteries and raw component suppliers in the manufacturing of sulfur-based batteries. Moreover, a detailed competitive benchmarking of the players operating in the global sulfur-based battery market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, acquisitions, and collaborations would aid the reader in understanding the untapped revenue pockets in the market.

Key Market Players and Competition Synopsis

The companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

The top segment players leading include key sodium-sulfur and lithium-sulfur battery manufacturers in the market and the ones engaged in the research and development of sulfur-based batteries across the globe.

Some of the prominent names in this market are:

  • 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

Companies that are not a part of the above pool have been well represented across different sections of the report (wherever applicable).

Table of Contents

1 Markets
1.1 Industry Outlook
1.1.1 Market Definition
1.1.2 Market Trends
1.1.2.1 Sustainable Development Goals in Power, Transportation, and Energy Storage Industry
1.1.2.2 Increasing Government Support
1.1.3 Ecosystems and Ongoing Programs
1.1.3.1 Government Initiatives and On-Going Projects
1.1.3.2 Key Consortiums and Associations
1.2 Business Dynamics
1.2.1 Business Drivers
1.2.1.1 Rise in Demand for High Power Capacity Batteries from EV Applications
1.2.1.2 Rapid Growth of Energy Storage Systems in Renewable Energy Generation
1.2.1.3 Increase in Demand from Grid Scale Energy Storage Applications
1.2.2 Business Challenges
1.2.2.1 Technological Advancements in Lithium-ion Battery
1.2.3 Market Strategies and Development
1.2.3.1 Business Strategies
1.2.3.1.1 Product Development and Innovation
1.2.3.1.2 Business Expansion
1.2.3.2 Corporate Strategies
1.2.3.2.1 Acquisition
1.2.3.2.2 Partnership
1.2.3.3 Others
1.2.3.3.1 Agreement
1.2.4 Business Opportunities
1.2.4.1 Growing R&D Focus on Highly Efficient Sulfur-Based Batteries
1.2.4.2 Increasing Efforts toward Reducing Lithium Polysulfide Accumulation
1.2.5 Impact of COVID-19 on the Global Sulfur-Based Battery Market

2 Application
2.1 Sulfur-Based Battery Market- by Application
2.1.1 Automotive Energy Storage
2.1.2 Stationary Energy Storage
2.1.3 Consumer Electronics
2.1.4 Aerospace and Defense
2.2 Demand Analysis of the Global Sulfur-based Battery Market (by Application)

3 Products
3.1 Sulfur-Based Battery Market - By Product
3.1.1 Lithium-Sulfur Battery
3.1.2 Sodium-Sulfur Battery
3.1.3 Others
3.2 Demand Analysis of the Global Sulfur-Based Battery Market (by Product)
3.2.1 Supply Chain Analysis
3.2.2 Patent Analysis
3.2.2.1 Lithium-Sulfur Battery
3.2.2.2 Sodium-Sulfur Battery
3.2.2.3 Others (Magnesium-Sulfur, Aluminum-Sulfur, and Sulfur-Flow Battery)

4 Region
4.1 North America
4.1.1 Market
4.1.1.1 Key Manufacturers in North America
4.1.1.2 Business Challenges
4.1.1.3 Business Drivers
4.1.2 Applications
4.1.2.1 North America Sulfur-Based Battery Market (by Application)
4.1.3 Product
4.1.3.1 North America Sulfur-Based Battery Market (by Product)
4.1.4 North America (by Country)
4.1.4.1 U.S.
4.1.4.1.1 Market
4.1.4.1.1.1 Market Attributes
4.1.4.1.1.2 Business Challenges
4.1.4.1.1.3 Business Drivers
4.1.4.1.2 Applications
4.1.4.1.2.1 U.S. Sulfur-Based Battery Market (by Application)
4.1.4.1.3 Product
4.1.4.1.3.1 U.S. Sulfur-Based Battery Market (by Product)
4.1.4.2 Mexico
4.1.4.2.1 Market
4.1.4.2.1.1 Market Attributes
4.1.4.2.1.2 Business Challenges
4.1.4.2.1.3 Business Drivers
4.1.4.2.2 Applications
4.1.4.2.2.1 Mexico Sulfur-Based Battery Market (by Application)
4.1.4.2.3 Product
4.1.4.2.3.1 Mexico Sulfur-Based Battery Market (by Product)
4.1.4.3 Canada
4.1.4.3.1 Market
4.1.4.3.1.1 Market Attributes
4.1.4.3.1.2 Business Challenges
4.1.4.3.1.3 Business Drivers
4.1.4.3.2 Applications
4.1.4.3.2.1 Canada Sulfur-Based Battery Market (by Application)
4.1.4.3.3 Product
4.1.4.3.3.1 Canada Sulfur-Based Battery Market (by Product)
4.2 South America
4.2.1 Market
4.2.1.1 Key Manufacturers in South America
4.2.1.2 Business Challenges
4.2.1.3 Business Drivers
4.2.2 Applications
4.2.2.1 South America Sulfur-Based Battery Market (by Application)
4.2.3 Product
4.2.3.1 South America Sulfur-Based Battery Market (by Product)
4.2.4 South America (by Country)
4.2.4.1 Brazil
4.2.4.1.1 Market
4.2.4.1.1.1 Market Attributes
4.2.4.1.1.2 Business Challenges
4.2.4.1.1.3 Business Drivers
4.2.4.1.2 Applications
4.2.4.1.2.1 Brazil Sulfur-Based Battery Market (by Application)
4.2.4.1.3 Product
4.2.4.1.3.1 Brazil Sulfur-Based Battery Market (by Product)
4.2.4.2 Rest-of-South America
4.2.4.2.1 Market
4.2.4.2.1.1 Market Attributes
4.2.4.2.1.2 Business Challenges
4.2.4.2.1.3 Business Drivers
4.2.4.2.2 Applications
4.2.4.2.2.1 Rest-of-South America Sulfur-Based Battery Market (by Application)
4.2.4.2.3 Product
4.2.4.2.3.1 Rest-of-South America Sulfur-Based Battery Market (by Product)
4.3 Europe
4.3.1 Market
4.3.1.1 Key Manufacturers in Europe
4.3.1.2 Business Challenges
4.3.1.3 Business Drivers
4.3.2 Applications
4.3.2.1 Europe Sulfur-Based Battery Market (by Application)
4.3.3 Product
4.3.3.1 Europe Sulfur-Based Battery Market (by Product)
4.3.4 Europe (by Country)
4.3.4.1 Germany
4.3.4.1.1 Market
4.3.4.1.1.1 Market Attributes
4.3.4.1.1.2 Business Challenges
4.3.4.1.1.3 Business Drivers
4.3.4.1.2 Applications
4.3.4.1.2.1 Germany Sulfur-Based Battery Market (by Application)
4.3.4.1.3 Product
4.3.4.1.3.1 Germany Sulfur-Based Battery Market (by Product)
4.3.4.2 France
4.3.4.2.1 Market
4.3.4.2.1.1 Market Attributes
4.3.4.2.1.2 Business Challenges
4.3.4.2.1.3 Business Drivers
4.3.4.2.2 Applications
4.3.4.2.2.1 France Sulfur-Based Battery Market (by Application)
4.3.4.2.3 Product
4.3.4.2.3.1 France Sulfur-Based Battery Market (by Product)
4.3.4.3 Spain
4.3.4.3.1 Market
4.3.4.3.1.1 Market Attributes
4.3.4.3.1.2 Business Challenges
4.3.4.3.1.3 Business Drivers
4.3.4.3.2 Applications
4.3.4.3.2.1 Spain Sulfur-Based Battery Market (by Application)
4.3.4.3.3 Product
4.3.4.3.3.1 Spain Sulfur-Based Battery Market (by Product)
4.3.4.4 Italy
4.3.4.4.1 Market
4.3.4.4.1.1 Market Attributes
4.3.4.4.1.2 Business Challenges
4.3.4.4.1.3 Business Drivers
4.3.4.4.2 Applications
4.3.4.4.2.1 Italy Sulfur-Based Battery Market (by Application)
4.3.4.4.3 Product
4.3.4.4.3.1 Italy Sulfur-Based Battery Market (by Product)
4.3.4.5 Rest-of-Europe
4.3.4.5.1 Market
4.3.4.5.1.1 Market Attributes
4.3.4.5.1.2 Business Challenges
4.3.4.5.1.3 Business Drivers
4.3.4.5.2 Applications
4.3.4.5.2.1 Rest-of-Europe Sulfur-Based Battery Market (by Application)
4.3.4.5.3 Product
4.3.4.5.3.1 Rest-of-Europe Sulfur-Based Battery Market (by Product)
4.4 U.K.
4.4.1 Market
4.4.1.1 Key Manufacturers in U.K.
4.4.1.2 Business Challenges
4.4.1.3 Business Drivers
4.4.2 Applications
4.4.2.1 U.K. Sulfur-Based Battery Market (by Application)
4.4.3 Product
4.4.3.1 U.K. Sulfur-Based Battery Market (by Product)
4.5 Middle East and Africa
4.5.1 Market
4.5.1.1 Key Manufacturers in Middle East and Africa
4.5.1.2 Business Challenges
4.5.1.3 Business Drivers
4.5.2 Application
4.5.2.1 Middle East and Africa Sulfur-Based Battery Market (by Application)
4.5.3 Product
4.5.3.1 Middle East and Africa Sulfur-Based Battery Market (by Product)
4.5.4 Middle East and Africa (by Country)
4.5.4.1 U.A.E.
4.5.4.1.1 Market
4.5.4.1.1.1 Market Attributes
4.5.4.1.1.2 Business Challenges
4.5.4.1.1.3 Business Drivers
4.5.4.1.2 Applications
4.5.4.1.2.1 U.A.E. Sulfur-Based Battery Market (by Application)
4.5.4.1.3 Product
4.5.4.1.3.1 U.A.E. Sulfur-Based Battery Market (by Product)
4.5.4.2 South Africa
4.5.4.2.1 Market
4.5.4.2.1.1 Market Attributes
4.5.4.2.1.2 Business Challenges
4.5.4.2.1.3 Business Drivers
4.5.4.2.2 Applications
4.5.4.2.2.1 South Africa Sulfur-Based Battery Market (by Application)
4.5.4.2.3 Product
4.5.4.2.3.1 South Africa Sulfur-Based Battery Market (by Product)
4.5.4.3 Saudi Arabia
4.5.4.3.1 Market
4.5.4.3.1.1 Market Attributes
4.5.4.3.1.2 Business Challenges
4.5.4.3.1.3 Business Drivers
4.5.4.3.2 Applications
4.5.4.3.2.1 Saudi Arabia Sulfur-Based Battery Market (by Application)
4.5.4.3.3 Product
4.5.4.3.3.1 Saudi Arabia Sulfur-Based Battery Market (by Product)
4.5.4.4 Rest-of-Middle East and Africa
4.5.4.4.1 Market
4.5.4.4.1.1 Market Attributes
4.5.4.4.1.2 Business Challenges
4.5.4.4.1.3 Business Drivers
4.5.4.4.2 Applications
4.5.4.4.2.1 Rest-of-Middle East and Africa Sulfur-Based Battery Market (by Application)
4.5.4.4.3 Product
4.5.4.4.3.1 Rest-of-Middle East and Africa Sulfur-Based Battery Market (by Product)
4.6 China
4.6.1 Market
4.6.1.1 Key Manufacturers in China
4.6.1.2 Business Challenges
4.6.1.3 Business Drivers
4.6.2 Applications
4.6.2.1 China Sulfur-Based Battery Market (by Application)
4.6.3 Product
4.6.3.1 China Sulfur-Based Battery Market (by Product)
4.7 Asia-Pacific
4.7.1 Market
4.7.1.1 Key Manufacturers in Asia-Pacific
4.7.1.2 Business Challenges
4.7.1.3 Business Drivers
4.7.2 Applications
4.7.2.1 Asia-Pacific Sulfur-Based Battery Market (by Application)
4.7.3 Product
4.7.3.1 Asia-Pacific Sulfur-Based Battery Market (by Product)
4.7.4 Asia-Pacific (by Country)
4.7.4.1 Japan
4.7.4.1.1 Market
4.7.4.1.1.1 Market Attributes
4.7.4.1.1.2 Business Challenges
4.7.4.1.1.3 Business Drivers
4.7.4.1.2 Applications
4.7.4.1.2.1 Japan Sulfur-Based Battery Market (by Application)
4.7.4.1.3 Product
4.7.4.1.3.1 Japan Sulfur-Based Battery Market (by Product)
4.7.4.2 India
4.7.4.2.1 Market
4.7.4.2.1.1 Market Attributes
4.7.4.2.1.2 Business Challenges
4.7.4.2.1.3 Business Drivers
4.7.4.2.2 Applications
4.7.4.2.2.1 India Sulfur-Based Battery Market (by Application)
4.7.4.2.3 Product
4.7.4.2.3.1 India Sulfur-Based Battery Market (by Product)
4.7.4.3 Australia
4.7.4.3.1 Market
4.7.4.3.1.1 Market Attributes
4.7.4.3.1.2 Business Challenges
4.7.4.3.1.3 Business Drivers
4.7.4.3.2 Applications
4.7.4.3.2.1 Australia Sulfur-Based Battery Market (by Application)
4.7.4.3.3 Product
4.7.4.3.3.1 Australia Sulfur-Based Battery Market (by Product)
4.7.4.4 South Korea
4.7.4.4.1 Market
4.7.4.4.1.1 Market Attributes
4.7.4.4.1.2 Business Challenges
4.7.4.4.1.3 Business Drivers
4.7.4.4.2 Applications
4.7.4.4.2.1 South Korea Sulfur-Based Battery Market (by Application)
4.7.4.4.3 Product
4.7.4.4.3.1 South Korea Sulfur-Based Battery Market (by Product)
4.7.4.5 Rest-of-Asia Pacific
4.7.4.5.1 Market
4.7.4.5.1.1 Market Attributes
4.7.4.5.1.2 Business Challenges
4.7.4.5.1.3 Business Drivers
4.7.4.5.2 Application
4.7.4.5.2.1 Rest-of-Asia-Pacific Sulfur-Based Battery Market (by Application)
4.7.4.5.3 Product
4.7.4.5.3.1 Rest-of-Asia-Pacific Sulfur-Based Battery Market (by Product)

5 Markets - Competitive Benchmarking & Company Profiles
5.1 Competitive Benchmarking
5.2 Company Profiles
5.2.1 NGK Insulators, Ltd.
5.2.1.1 Company Overview
5.2.1.2 Role of NGK Insulators, Ltd. in the Sulfur-Based Battery Market
5.2.1.3 Product Portfolio
5.2.1.4 Business Model of NGK Insulators, Ltd.
5.2.1.5 Business Strategies
5.2.1.5.1 Market Developments
5.2.1.6 Corporate Strategies
5.2.1.6.1 Agreement and Partnership
5.2.1.7 R&D Analysis
5.2.1.8 Analyst View
5.2.2 Lyten, Inc.
5.2.2.1 Company Overview
5.2.2.2 Role of Lyten, Inc. in the Sulfur-Based Battery Market
5.2.2.3 Product Portfolio
5.2.2.4 Business Model of Lyten, Inc.
5.2.2.5 Corporate Strategies
5.2.2.5.1 Agreement
5.2.2.6 Analyst View
5.2.3 LG Energy Solution
5.2.3.1 Company Overview
5.2.3.2 Role of LG Energy Solution in the Sulfur-Based Battery Market
5.2.3.3 Product Portfolio
5.2.3.4 Business Model of LG Energy Solution
5.2.3.5 Business Strategies
5.2.3.5.1 Product Development
5.2.3.6 Analyst View
5.2.4 Li-S Energy Limited
5.2.4.1 Company Overview
5.2.4.2 Role of Li-S Energy Limited in the Sulfur-Based Battery Market
5.2.4.3 Product Portfolio
5.2.4.4 Business Strategies
5.2.4.4.1 Market Developments
5.2.4.4.2 Product Developments
5.2.4.5 Corporate Strategies
5.2.4.5.1 Partnerships, Joint Ventures, Collaborations, and Alliances
5.2.4.5.2 Investment
5.2.4.6 R&D Analysis
5.2.4.7 Analyst View
5.2.5 Giner Inc
5.2.5.1 Company Overview
5.2.5.2 Role of Giner Inc in the Sulfur-Based Battery Market
5.2.5.3 Product Portfolio
5.2.5.4 Analyst View
5.2.6 Xcel Energy Inc
5.2.6.1 Company Overview
5.2.6.2 Role of Xcel Energy Inc in the Sulfur-Based Battery Market
5.2.6.3 Product Portfolio
5.2.6.4 Analyst View
5.2.7 NexTech Batteries
5.2.7.1 Company Overview
5.2.7.2 Role of NexTech Batteries in the Sulfur-Based Battery Market
5.2.7.3 Product Portfolio
5.2.7.4 Corporate Strategies
5.2.7.4.1 Partnerships, Joint Ventures, Collaborations, and Alliances
5.2.7.5 Analyst View
5.2.8 Johnson Matthey
5.2.8.1 Company Overview
5.2.8.2 Role of Johnson Matthey in the Sulfur-Based Battery Market
5.2.8.3 Product Portfolio
5.2.8.4 Business Model of Johnson Matthey
5.2.8.5 Corporate Strategies
5.2.8.5.1 Acquisition
5.2.8.6 R&D Analysis
5.2.8.7 Analyst View
5.2.9 Zeta Energy LLC
5.2.9.1 Company Overview
5.2.9.2 Role of Zeta Energy LLC in the Sulfur-Based Battery Market
5.2.9.3 Product Portfolio
5.2.9.4 Analyst View
5.2.10 Theion GmbH
5.2.10.1 Company Overview
5.2.10.2 Role of Theion GmbH in the Sulfur-Based Battery Market
5.2.10.3 Product Portfolio
5.2.10.4 Analyst View
5.2.11 PolyPlus Battery Company
5.2.11.1 Company Overview
5.2.11.2 Role of PolyPlus Battery Company in the Sulfur-Based Battery Market
5.2.11.3 Product Portfolio
5.2.11.4 Analyst View
5.2.12 Sion Power Corporation
5.2.12.1 Company Overview
5.2.12.2 Role of Sion Power Corporation in the Sulfur-Based Battery Market
5.2.12.3 Product Portfolio
5.2.12.4 Analyst View
5.2.13 Morrow Batteries
5.2.13.1 Company Overview
5.2.13.2 Role of Morrow Batteries in the Sulfur-Based Battery Market
5.2.13.3 Product Portfolio
5.2.13.4 Business Strategies
5.2.13.5 Corporate Strategies
5.2.13.5.1 Agreement
5.2.13.6 Analyst View
5.2.14 Saft - TotalEnergies
5.2.14.1 Company Overview
5.2.14.2 Role of Saft - TotalEnergies in the Sulfur-Based Battery Market
5.2.14.3 Product Portfolio
5.2.14.4 Analyst View
5.2.15 CALB
5.2.15.1 Company Overview
5.2.15.2 Role of CALB in the Sulfur-Based Battery Market
5.2.15.3 Product Portfolio
5.2.15.4 Analyst View
5.2.16 Other Key Players Operating in the Sulfur-Based Battery Market

6 Research Methodology
6.1 Data Sources
6.1.1 Primary Data Sources
6.1.2 Secondary Data Sources
6.1.3 Data Triangulation
6.2 Market Estimation and Forecast
6.2.1 Factors for Data Prediction and Modelling

List of Figures
Figure 1: Global Sulfur-Based Battery Market, $Million, 2021-2031
Figure 2: Market Drivers and Challenges in the Global Sulfur-Based Battery Market
Figure 3: Global Sulfur-Based Battery Market (by Product), $Million, 2021-2031
Figure 4: Global Sulfur-Based Battery Market (by Application), $Million, 2021-2031
Figure 5: Global Sulfur-Based Battery Market (by Region), $Million, 2021
Figure 6: Sulfur-Based Battery Market Coverage
Figure 7: Share of Key Market Strategies and Developments, January 2018-December 2021
Figure 8: Global Sulfur-Based Battery Market (by Application), $Million, 2021- 2031
Figure 9: Global Sulfur-Based Battery Market (by Product), $Million, 2021- 2031
Figure 10: Supply Chain Analysis of Global Sulfur-Based Battery Market
Figure 11: Global Lithium-Sulfur Battery Patent Trend (January 2013-December 2021)
Figure 12: Patent Analysis for Lithium-Sulfur Battery Market (by Region), January 2013-December 2021
Figure 13: Patent Analysis for Lithium-Sulfur Battery Market (by Organization), January 2013-December 2021
Figure 14: Global Sodium-Sulfur Battery Patent Trend (January 2013-December 2021)
Figure 15: Patent Analysis for Sodium-Sulfur Battery Market (by Region), January 2013-December 2021
Figure 16: Patent Analysis for Sodium-Sulfur Battery Market (by Organization), January 2013-December 2021
Figure 17: Global Other Sulfur-Based Battery Patent Trend (January 2013-December 2021)
Figure 18: Patents Analysis for Other-Sulfur-Based Battery Market (by Region), January 2013-December 2021
Figure 19: Patent Analysis for Other-Sulfur-Based Battery Market (by Organization), January 2013-December 2021
Figure 20: North America Sulfur-Based Battery Market, $Million, 2021-2031
Figure 21: South America Sulfur-Based Battery Market, $Million, 2021-2031
Figure 22: Europe Sulfur-Based Battery Market, $Million, 2021-2031
Figure 23: U.K. Sulfur-Based Battery Market, $Million, 2021-2031
Figure 24: Middle East and Africa Sulfur-Based Battery Market, $Million, 2021-2031
Figure 25: China Sulfur-Based Battery Market, $Million, 2021-2031
Figure 26: Asia-Pacific Sulfur-Based Battery Market, $Million, 2021-2031
Figure 27: Competitive Market High and Low Matrix
Figure 28: R&D Expenses of NGK Insulators, Ltd., 2019-2021
Figure 29: R&D Expenses of Johnson Matthey, 2019-2021
Figure 30: Global Sulfur-Based Battery Market: Research Methodology
Figure 31: Data Triangulation
Figure 32: Top-Down and Bottom-Up Approach

List of Tables
Table 1: Government Initiatives
Table 2: Key Consortiums in the Sulfur-Based Battery Industry
Table 3: Product Developments and Innovations
Table 4: Business Expansion
Table 5: Acquisition
Table 6: Partnership
Table 7: Agreement
Table 8: Global Sulfur-Based Battery Market (by Application), $Million, 2021-2031
Table 9: Global Sulfur-Based Battery Market (by Product), $Million, 2021 -2031
Table 10: Global Sulfur-Based Battery Market (by Region), $Million, 2021-2031
Table 11: North America Sulfur-Based Battery Market (by Application), $Million, 2021-2031
Table 12: North America Sulfur-Based Battery Market (by Product), $Million, 2021-2031
Table 13: North America Sulfur-Based Battery Market (by Country), $Million, 2021-2031
Table 14: U.S. Sulfur-Based Battery Market (by Application), $Million, 2021-2031
Table 15: U.S. Sulfur-Based Battery Market, (by Product), $Million, 2021-2031
Table 16: Mexico Sulfur-Based Battery Market (by Application), $Million, 2021-2031
Table 17: Mexico Sulfur-Based Battery Market (by Product), $Million, 2021-2031
Table 18: Canada Sulfur-Based Battery Market (by Application), $Million, 2021-2031
Table 19: Canada Sulfur-Based Battery Market (by Product), $Million, 2021-2031
Table 20: South America Sulfur-Based Battery Market (by Application), $Million, 2021-2031
Table 21: South America Sulfur-Based Battery Market (by Product), $Million, 2021-2031
Table 22: South America Sulfur-Based Battery Market (by Country), $Million, 2021-2031
Table 23: Brazil Sulfur-Based Battery Market (by Application), $Million, 2021-2031
Table 24: Brazil Sulfur-Based Battery Market (by Product), $Million, 2021-2031
Table 25: Rest-of-South America Sulfur-Based Battery Market (by Application), $Million, 2021-2031
Table 26: Rest-of-South America Sulfur-Based Battery Market (by Product), $Million, 2021-2031
Table 27: Europe Sulfur-Based Battery Market (by Application), $Million, 2021-2031
Table 28: Europe Sulfur-Based Battery Market (by Product), $Million, 2021-2031
Table 29: Europe Sulfur-Based Battery Market (by Country), $Million, 2021-2031
Table 30: Germany Sulfur-Based Battery Market (by Application), $Million, 2021-2031
Table 31: Germany Sulfur-Based Battery Market (by Product), $Million, 2021-2031
Table 32: France Sulfur-Based Battery Market (by Application), $Million, 2021-2031
Table 33: France Sulfur-Based Battery Market (by Product), $Million, 2021-2031
Table 34: Spain Sulfur-Based Battery Market (by Application), $Million, 2021-2031
Table 35: Spain Sulfur-Based Battery Market (by Product), $Million, 2021-2031
Table 36: Italy Sulfur-Based Battery Market (by Application), $Million, 2021-2031
Table 37: Italy Sulfur-Based Battery Market (by Product), $Million, 2021-2031
Table 38: Rest-of-Europe Sulfur-Based Battery Market (by Application), $Million, 2021-2031
Table 39: Rest-of-Europe Sulfur-Based Battery Market (by Product), $Million, 2021-2031
Table 40: U.K. Sulfur-Based Battery Market (by Application), $Million, 2021-2031
Table 41: U.K. Sulfur-Based Battery Market (by Product), $Million, 2021-2031
Table 42: Middle East and Africa Sulfur-Based Battery Market (by Application), $Million, 2021-2031
Table 43: Middle East and Africa Sulfur-Based Battery Market (by Product), $Million, 2021-2031
Table 44: Middle East and Africa Sulfur-Based Battery Market (by Country), $Million, 2021-2031
Table 45: U.A.E. Sulfur-Based Battery Market (by Application), $Million, 2021-2031
Table 46: U.A.E. Sulfur-Based Battery Market (by Product), $Million, 2021-2031
Table 47: South Africa Sulfur-Based Battery Market (by Application), $Million, 2021-2031
Table 48: South Africa Sulfur-Based Battery Market (by Product), $Million, 2021-2031
Table 49: Saudi Arabia Sulfur-Based Battery Market (by Application), $Million, 2021-2031
Table 50: Saudi Arabia Sulfur-Based Battery Market (by Product), $Million, 2021-2031
Table 51: Rest-of-Middle East and Africa Sulfur-Based Battery Market (by Application), $Million, 2021-2031
Table 52: Rest-of-Middle East and Africa Sulfur-Based Battery Market (by Product), $Million, 2021-2031
Table 53: China Sulfur-Based Battery Market (by Application), $Million, 2021-2031
Table 54: China Sulfur-Based Battery Market (by Product), $Million, 2021-2031
Table 55: Asia-Pacific Sulfur-Based Battery Market (by Application), $Million, 2021-2031
Table 56: Asia-Pacific Sulfur-Based Battery Market (by Product), $Million, 2021-2031
Table 57: Asia-Pacific Sulfur-Based Battery Market (by Country), $Million, 2021-2031
Table 58: Japan Sulfur-Based Battery Market (by Application), $Million, 2021-2031
Table 59: Japan Sulfur-Based Battery Market (by Product), $Million, 2021-2031
Table 60: India Sulfur-Based Battery Market (by Application), $Million, 2021-2031
Table 61: India Sulfur-Based Battery Market (by Product), $Million, 2021-2031
Table 62: Australia Sulfur-Based Battery Market (by Application), $Million, 2021-2031
Table 63: Australia Sulfur-Based Battery Market (by Product), $Million, 2021-2031
Table 64: South Korea Sulfur-Based Battery Market (by Application), $Million, 2021-2031
Table 65: South Korea Sulfur-Based Battery Market (by Product), $Million, 2021-2031
Table 66: Rest-of-Asia-Pacific Sulfur-Based Battery Market (by Application), $Million, 2021-2031
Table 67: Rest-of-Asia-Pacific Sulfur-Based Battery Market (by Product), $Million, 2021-2031
Table 68: NGK Insulators, Ltd.: Product Portfolio
Table 69: NGK Insulators, Ltd.: Business Model Analysis
Table 70: NGK Insulators, Ltd.: Market Developments
Table 71: NGK Insulators, Ltd.: Agreement and Partnership
Table 72: Lyten, Inc.: Product Portfolio
Table 73: Lyten, Inc.: Business Model Analysis
Table 74: Lyten, Inc.: Agreement
Table 75: LG Energy Solution: Product Portfolio
Table 76: LG Energy Solution: Business Model Analysis
Table 77: LG Energy Solution: Product Development
Table 78: Li-S Energy Limited: Product Portfolio
Table 79: Li-S Energy Limited: Market Developments
Table 80: Li-S Energy Limited: Product Development
Table 81: Li-S Energy Limited: Partnerships, Agreements, Joint Ventures, Collaborations, and Alliances
Table 82: Li-S Energy Limited: Investment
Table 83: Giner Inc: Product Portfolio
Table 84: Xcel Energy Inc: Product Portfolio
Table 85: NexTech Batteries: Product Portfolio
Table 86: NexTech Batteries: Partnerships, Agreements, Joint Ventures, Collaborations, and Alliances
Table 87: Johnson Matthey: Product Portfolio
Table 88: Johnson Matthey: Business Model Analysis
Table 89: Johnson Matthey: Acquisition
Table 90: Zeta Energy LLC: Product Portfolio
Table 91: Theion GmbH: Product Portfolio
Table 92: PolyPlus Battery Company: Product Portfolio
Table 93: Sion Power Corporation: Product Portfolio
Table 94: Morrow Batteries: Product Portfolio
Table 95: Morrow Batteries: Agreement
Table 96: Saft - TotalEnergies: Product Portfolio
Table 97: CALB: Product Portfolio
Table 98: Other Key Players: Overview

Companies Mentioned

  • 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

Table Information

Report AttributeDetails
No. of Pages186
PublishedDecember 2022
Forecast Period2022 - 2031
Estimated Market Value ( USD ) in 2022 $ 616.5 Million
Forecasted Market Value ( USD ) by 2031 $ 2669.9 Million
Compound Annual Growth Rate17.7%
Regions CoveredGlobal
No. of Companies Mentioned15

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