From GlobeNewswire: 2025-05-19 02:00:00

The Lithium-Sulfur Battery Market is expected to grow significantly, from USD 32.55 million in 2023 to USD 478.89 million by 2032, with a CAGR of 35.08%. Technological advancements and industry demand are driving this growth, with the US market expected to reach USD 231.30 million by 2032. Leading market players include LG Energy Solutions, Saft Groupe SA, and Gelion PLC among others.

In terms of market segmentation, the Above 1000 mAh segment held the largest market share in 2023 at 52.3%, driven by demand for high-capacity lightweight energy solutions. The High Energy Density segment led the market with a 73.60% share in 2023, suitable for electric vehicles and aerospace. Aerospace dominated the market in 2023 with a 29.40% share, highlighting the demand for lightweight, high-capacity energy solutions.

Recent developments include LG Energy Solution and Derichebourg teaming up to develop a European closed-loop system for lithium-ion batteries, and Sion Power raising USD 75M in Series A funding to further develop its Licerion lithium-metal battery technology for EVs. The market report provides insights into market dynamics, competitive landscape, and regional analysis, offering valuable information for stakeholders in the industry.



Read more at GlobeNewswire: Lithium-Sulfur Battery Market Size to Hit USD 478.89