Frequently Asked Questions:
The global lithium-sulfur battery market also suffered from the COVID-19 pandemic, which resulted in a decline of over 12.5% in revenue generated in 2020.
The North American region accounted for the highest share in the global lithium-sulfur battery market in value and volume.
Growing demand for electric vehicles and the aviation industry, rising adoption of renewable energy, and increased R&D are some of the major factors driving the global lithium-sulfur battery market’s growth.
The aviation industry segment had a major share in 2021, with more than 55% of the market revenue. Besides, the automotive sector is projected to witness the fastest growth.
Manufacturers/distributors/service providers segment had a major share in the global market in 2021 and is projected to continue its dominance over the forecast period.