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Lithium-Sulfur Battery Market size is set to grow by USD 3.92 billion from 2024-2028, Harmful usage of lead batteries leads to higher adoption of Li-S batteries boost the market, Technavio

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NEW YORK, July 4, 2024 /PRNewswire/ — The global lithium-sulfur battery market size is estimated to grow by USD 3.92 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  44.97%  during the forecast period. Harmful usage of lead batteries leads to higher adoption of li-s batteries is driving market growth, with a trend towards use of nanotechnology in batteries. However, increasing competition from fuel cell solutions  poses a challenge. Key market players include Bettergy Corp., CIC energiGUNE, Gelion Technologies Pty Ltd., Giner Inc., Guang Dong Fullriver Industry Co. Ltd., Ilika, Iolitec Ionic Liquids Technologies GmbH, LG Chem Ltd., Li-S Energy Ltd., Lyten Inc., Merck KGaA, NexTech Batteries, Poly Plus Battery Co., Rechargion Energy Pvt. Ltd., Shenzhen Uscender Industrial Co. Ltd., Sion Power Corp., Solid State PLC, TRU Group Inc., VTC Power Co. Ltd., and Zeta Energy LLC.

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Lithium-Sulfur Battery Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 44.97%

Market growth 2024-2028

USD 3921.9 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

34.37

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

Europe at 50%

Key countries

US, Germany, Canada, China, and India

Key companies profiled

Bettergy Corp., CIC energiGUNE, Gelion Technologies Pty Ltd., Giner Inc., Guang Dong Fullriver Industry Co. Ltd., Ilika, Iolitec Ionic Liquids Technologies GmbH, LG Chem Ltd., Li-S Energy Ltd., Lyten Inc., Merck KGaA, NexTech Batteries, Poly Plus Battery Co., Rechargion Energy Pvt. Ltd., Shenzhen Uscender Industrial Co. Ltd., Sion Power Corp., Solid State PLC, TRU Group Inc., VTC Power Co. Ltd., and Zeta Energy LLC

Market Driver

The global nanotechnology-enabled Lithium-Sulfur battery market is poised for growth due to the increasing adoption of electric vehicles (EVs), plug-in hybrid EVs, and hybrid EVs, as well as the focus on renewable energy sources. Since 2015, vendors have been developing nanostructured electrodes and electrolytes in Li-S batteries to enhance energy efficiency. These nanotechnology-enabled batteries are expected to offer energy densities three times higher than traditional Lithium-ion batteries. Notable innovations include the use of a silicon-carbon composite anode and a nanostructured lithium sulfide-carbon composite cathode. Ongoing projects, such as the Lithium-Sulfur Super battery Exploiting Nanotechnology (LISSEN) study, are further driving market growth during the forecast period. 

Lithium-sulfur batteries are gaining attention as the next big thing in clean energy solutions due to their energy-dense characteristics. This battery technology uses elemental sulfur as the cathode and lithium as the anode. However, challenges such as electrolyte stability, electrode architecture, and the polysulfide shuttle effect need to be addressed. Fossil fuels may soon face competition from these lightweight cells, which can power electric vehicles and portable electronics. Manufacturing challenges include lithium dendrite formation, material interactions, and production techniques. Lithium-ion manufacturing facilities are exploring solid-state lithium-sulfur batteries with solid electrolyte systems to overcome these issues. The power sector and large-scale energy storage are also potential markets for this technology due to its low-cost characteristics. Safety measures are crucial to ensure the safe production and use of these batteries. The EV market and EV technology stand to benefit significantly from this advancement. Aerospace, including satellites, is another sector that can benefit from the high power output of lithium-sulfur batteries. The anode and cathode in these batteries are crucial components, and improving their conductivity and volume expansion properties can lead to better battery performance. In summary, lithium-sulfur batteries are a promising clean energy solution for various industries, including electric vehicles, portable electronics, and the power sector. Addressing manufacturing challenges and ensuring safety measures are essential to bring this technology to the market. The potential benefits of this technology are significant, from reducing reliance on fossil fuels to powering the next generation of electric cars and aerospace technology. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

Fuel cells and Lithium-Sulfur batteries are two distinct technologies used to generate electricity. Fuel cells produce power through electrochemical reactions between hydrogen and oxygen, resulting in water and released electrons. These electrons flow through an external circuit to generate power. Fuel cells have a standard design with two electrodes separated by an electrolyte, enabling charged particles to move. Drones have gained popularity but face a limitation of short flight times. To overcome this challenge, manufacturers are exploring fuel cells as an alternative power source. Hydrogen, as a fuel for fuel cells, offers a higher energy density and longer runtime compared to Lithium-Sulfur batteries. Fuel cells can be refilled in minutes, while batteries take an hour to recharge. The global fuel cell market is growing due to its application in automotive and energy storage sectors, posing a hurdle for the expansion of the Lithium-Sulfur battery market during the forecast period.The Lithium-Sulfur (Li-S) battery market is gaining attention due to its potential to offer high energy density, making it suitable for power cell applications in various industries. However, challenges persist, such as the melting of the sulfur electrode at high temperatures. A German battery startup, Theron, is working on interlayers to address this issue. Li-S batteries have advantages over prior generations, including lower environmental impact and compatibility with renewable energy sources. They are being explored for use in drones, defence sector, personalized power, aviation, and outer space vehicles. The challenges of Li-S batteries include their low energy density and the need for solid-state batteries for commercialization. The defence sector, drone technology companies like DroneShield, and the aviation industry are exploring Li-S batteries for their applications. The coronavirus pandemic has accelerated the need for clean electricity and energy storage solutions, making Li-S batteries a promising option for powering portable electronic devices and charging stations. Li-S batteries use lithium ions and sulfur to store energy, with electrons flowing between the cathode (sulfur) and anode (lithium ions) during charging and discharging. Despite the challenges, the advantages of Li-S batteries make them a promising alternative to primary batteries and conventional fuels for various applications, including aircraft-installed equipment and renewable energy installations.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This lithium-sulfur battery market report extensively covers market segmentation by  

Type 1.1 High energy density1.2 Low energy densityEnd-user 2.1 Aviation2.2 Automotive2.3 OthersGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 High energy density-  Lithium-sulfur batteries (LSBs) are high-energy-density batteries that offer longer battery run time or a smaller footprint with the same energy output compared to batteries with lower energy density. This property makes them popular in electric vehicles (EVs), which require long driving ranges. LSBs have gained attention due to sulfur’s abundant availability, low cost, environmental friendliness, high specific capacity, and energy density. The European Commission estimates that LSBs will be used in EVs during the forecast period, making the high-energy-density segment of the LSB market a focus for growth.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

Lithium-sulfur batteries represent a promising advancement in clean energy solutions, offering higher energy density compared to traditional lithium-ion batteries. This next-generation battery chemistry utilizes lithium as an anode and sulfur as a cathode. However, challenges remain, including electrolyte stability, electrode architecture, and the polysulfide shuttle effect. These issues can lead to lithium dendrite formation and degradation of battery performance. Despite these hurdles, lithium-sulfur batteries hold significant potential for various applications, including aerospace, consumer electronics, electric cars, large-scale storage, and renewable energy installations. They can power satellites, high-altitude aircraft, outer space vehicles, unmanned aerial vehicles, and even primary batteries for specific use cases. The high energy density and potential for long cycle life make lithium-sulfur batteries an intriguing alternative to lithium-ion batteries for various sectors, contributing to the ongoing advancement of battery technology.

Market Research Overview

Lithium-sulfur batteries are a promising clean energy solution for the future, offering high energy density and low-cost characteristics. These batteries utilize lithium as an anode and elemental sulfur as a cathode, separated by an electrolyte. However, challenges such as electrolyte stability, electrode architecture, and the polysulfide shuttle effect can hinder their widespread adoption. Fossil fuels continue to dominate the energy sector, but lithium-sulfur batteries have the potential to revolutionize large-scale energy storage for electric vehicles (EVs), portable electronics, and even aerospace. Manufacturing challenges include managing material interactions, production techniques, and ensuring safety measures. Solid-state lithium-sulfur batteries, which use a solid electrolyte system instead of liquid electrolytes, are being explored to mitigate some of these challenges. Lithium-sulfur batteries have advantages over lithium-ion batteries, such as lightweight cells and energy-dense batteries, but they still face manufacturing process hurdles. The EV market and EV technology continue to grow, and lithium-sulfur batteries could play a significant role in powering electric cars and transport. The aerospace sector, including satellites, unmanned aerial vehicles, and defense applications, could also benefit from the advantages of lithium-sulfur batteries. The energy storage market, including renewable energy installations, portable electronic devices, and personalized power, is expected to grow significantly, and lithium-sulfur batteries could be a key player. However, lithium-sulfur batteries face challenges such as lithium dendrite formation, volume expansion, and conductivity. Prior generations of these batteries had low energy density, but recent advancements have led to high energy density batteries. The manufacturing process for lithium-sulfur batteries requires careful management of plants and production energy, and melting processes are being explored to improve efficiency. The environmental impact of battery manufacturing is a concern, with manganese, nickel, and cobalt being major components of lithium-ion batteries. Lithium-sulfur batteries could offer a more sustainable alternative, as they do not require these minerals in the same quantities. The Theron, a German battery startup, is working on power cell applications for lithium-sulfur batteries, and other companies are exploring the potential of these batteries for various applications, from EVs to aerospace and consumer electronics. In conclusion, lithium-sulfur batteries offer significant potential for clean energy solutions, particularly in the areas of EVs, aerospace, and large-scale energy storage. However, challenges such as electrolyte stability, electrode architecture, and manufacturing processes must be addressed to realize their full potential. The advantages of these batteries, including high energy density, lightweight cells, and reduced reliance on minerals like manganese, nickel, and cobalt, make them an exciting area of research and development.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeHigh Energy DensityLow Energy DensityEnd-userAviationAutomotiveOthersGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Cboe Clear U.S. Receives SEC Approval to Expand Clearing Capabilities

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SEC registration enables Cboe Clear U.S. to clear binary securities options alongside futures, positioning it to support innovation across the market

CHICAGO, Oct. 23, 2026 /PRNewswire/ — Cboe Global Markets, Inc. (Cboe: CBOE), a leading global markets operator and pioneer in equity and index derivatives, today announced that Cboe Clear U.S., LLC (CCUS) has received temporary registration from the U.S. Securities and Exchange Commission (SEC) to operate as a Covered Clearing Agency.

The registration expands CCUS’s clearing capabilities beyond its existing authorities as a Commodity Futures Trading Commission (CFTC)-registered Derivatives Clearing Organization (DCO) to clear securities products in addition to futures and swaps products. Together with recent enhancements to its regulatory framework and product scope, the milestone positions CCUS to support innovation and emerging opportunities across a broad range of assets and markets.

CCUS will initially use its SEC registration to clear Cboe’s binary securities options tied to specified corporate key performance indicators (KPIs), which are planned to list on Cboe Options Exchange and be available on Robinhood in the fourth-quarter 2026. CCUS also recently received CFTC approval to clear margined futures broadly and continues to clear digital asset derivatives under its DCO designation.

“Clearing plays a critical role in bringing innovation to market,” said Dale Michaels, Head of Cboe Clear U.S. “These expanded capabilities position Cboe Clear U.S. to become an innovation lane to support new products and meet evolving customer needs, while maintaining the rigorous risk management standards that are fundamental to our business.”

These efforts complement Cboe’s longstanding partnership with The Options Clearing Corporation (OCC)® and Cboe’s continued commitment to supporting the established clearing infrastructure for traditional equity options.

The development builds on the growth of Cboe’s established European clearing business, where Cboe Clear Europe has become the leading pan-European equities central counterparty, while expanding into new services such as securities financing transaction clearing. Together, these advances demonstrate Cboe’s ability to extend its clearing capabilities across markets and asset classes.

To support its own future growth, CCUS has strengthened its infrastructure over the past year, including electing in June to become a Subpart C DCO. In doing so, CCUS is voluntarily adopting the enhanced standards the CFTC applies to systemically important DCOs for financial resources, risk management and operational resilience, aligning with those applied to leading global clearing organizations.

About Cboe Global Markets

Cboe Global Markets (Cboe: CBOE) is a leading global markets operator with a long history of innovation in equity and index derivatives. Since launching the world’s first listed options exchange in 1973, Cboe has pioneered landmark products, including the introduction of S&P 500® index options and the creation of the VIX® Index, the world’s leading gauge of market volatility, reshaping how investors manage risk and access opportunity. Today, Cboe operates derivatives, equities, and FX markets, providing trading, clearing, and investment solutions for customers worldwide. To learn more, visit www.cboe.com.

Cboe Media Contacts

 

Cboe Analyst Contact

 

Angela Tu

+1-646-856-8734

atu@cboe.com

Tim Cave

+44 (0) 7593-506-719

tcave@cboe.com

Kenneth Hill, CFA

+1-312-786-7559

khill@cboe.com

CBOE-C
CBOE-OE

Cboe®, Cboe Global Markets®, and VIX ® are registered trademarks or service marks of Cboe Exchange, Inc and S&P 500® is a registered trademark of Standard & Poor’s Financial Services LLC. All other trademarks and service marks are the property of their respective owners. 

Cautionary Statements Regarding Forward-Looking Information

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. You can identify these statements by forward-looking words such as “may,” “might,” “should,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential” or “continue,” and the negative of these terms and other comparable terminology. All statements that reflect our expectations, assumptions or projections about the future other than statements of historical fact are forward-looking statements. These forward-looking statements, which are subject to known and unknown risks, uncertainties and assumptions about us, may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from those expressed or implied by the forward-looking statements.

We operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible to predict all risks and uncertainties, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.

Some factors that could cause actual results to differ include: the loss of our right to exclusively list and trade certain index options and futures products; economic, political and market conditions; compliance with legal and regulatory obligations; price and new products and services competition and consolidation in our industry; decreases in trading or clearing volumes, market data fees or a shift in the mix of products traded on our exchanges; legislative or regulatory changes or changes in tax regimes; our ability to protect our systems and communication networks from security vulnerabilities and breaches; our ability to attract and retain skilled management and other personnel; increasing competition by foreign and domestic entities; our business and operational dependence on and exposure to risk from third parties; factors that impact the quality and integrity of our and other applicable indices; our ability to manage our global operations, growth, and strategic acquisitions, wind downs, divestitures, or alliances effectively; increases in the cost of the products and services we use; our ability to operate our business without violating the intellectual property rights of others and the costs associated with protecting our intellectual property rights; our ability to minimize the risks, including our credit, liquidity, market, investment, counterparty, and default risks, associated with operating our  clearinghouses; our ability to accommodate trading and clearing volume and transaction traffic, including significant increases, without failure or degradation of performance of our systems; misconduct by those who use our markets or our products or for whom we clear transactions; challenges to our use of open source software code; our ability to meet our compliance obligations, including managing our business interests and our regulatory responsibilities; the loss of key customers or a significant reduction in trading or clearing volumes by key customers; damage to our reputation; the ability of our compliance and risk management methods to effectively monitor and manage our risks; restrictions imposed by our debt obligations and our ability to make payments on or refinance our debt obligations; our ability to maintain an investment grade credit rating; impairment of our goodwill, long-lived assets, investments or intangible assets; the accuracy of our estimates and expectations; and litigation risks and other liabilities. More detailed information about factors that may affect our actual results to differ may be found in our filings with the SEC, including in our Annual Report on Form 10-K for the year ended December 31, 2025 and other filings made from time to time with the SEC.

We do not undertake, and we expressly disclaim, any duty to update any forward-looking statement whether as a result of new information, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.

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SOURCE Cboe Global Markets, Inc.

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Hears Everything, Uploads Nothing: VoxNexus Launches Android’s First Low-Power On-Device Always-On Voice Artificial Intelligence (AI)

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VoxNexus’ new on-device ambient listening solution runs for 12 hours on 2.49% of a phone’s battery and never sends audio to the cloud

MADRID, Oct. 23, 2026 /PRNewswire/ — VoxNexus (www.VoxNexus.ai) released VoxEdge, an on-device voice stack that brings speech recognition, translation and speech synthesis to affordable Android devices, entirely offline. VoxEdge supports speech recognition in 36 languages, translation in 103 languages, and speech synthesis in 45 languages—all running with no connection, no data bundle, and no cloud token bills.

AI should work for everyone, not just for speakers of a handful of mainstream languages. Yet across much of Africa, voice AI has been held back by scarce training data and the lack of targeted fine-tuning. Everyday speech also includes code-switching and dialect variation, while cloud-based inference costs can make deployment at scale expensive. 

VoxNexus’s solutions run entirely on device, and every query is free once the model is installed on the device. Its speech recognition model has as few as 65 million parameters and achieves a lower word error rate than open-source models nearly ten times its size.

“Under-resource languages aren’t small languages. Hundreds of millions of people speak them. Until now, AI models just haven’t learned them yet,” said Charles Shi, CEO of VoxNexus.

VoxNexus also launched VoxSense, an on-device ambient listening solution that uses only 162 mAh for 12 hours of continuous listening, around 2.5% of a 6,500 mAh phone battery. By keeping all processing on device, VoxSense makes always-on listening practical without draining the battery and without sending any audio to the cloud. Developers and device makers can easily integrate it through a license and a simple SDK. Developers can request a free trial here: www.VoxNexus.ai.

VoxSense and VoxEdge were unveiled at the MediaTek Dimensity 9600 launch in Madrid on October 19.

Distributed by APO Group on behalf of VoxNexus AI. 

About VoxNexus:
VoxNexus builds AI that hears and speaks — for everyone, everywhere, all the time. Its audio intelligence runs entirely on-device, delivering low latency, built-in privacy, and zero token cost across any device with a chip. VoxNexus is headquartered in Singapore. Website: www.VoxNexus.ai. Contact: public@voxnexus.ai  

VoxNexus demonstrates live on-device speech recognition at the MediaTek Dimensity 9600 launch in Madrid on Oct. 19, 2026. Spanish and English conversations were transcribed in real time on the phone, with no cloud connection. (Photo: VoxNexus) 

Speaks Your Language, No Internet Needed: VoxNexus Brings On-Device Voice Artificial Intelligence (AI) in 100+ Languages to Affordable Android Devices

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SOURCE VoxNexus AI

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team.blue extends €1.1 billion of its Term Loan B to 2032 in the largest software Euro term loan issuance in the last 12 months

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GHENT, Belgium, Oct. 23, 2026 /PRNewswire/ — team.blue, a leading pan-European provider of digital solutions for small and medium-sized businesses (SMBs) backed by Hg, CPP Investments and Sofina, today announces the successful pricing of an amendment and maturity extension for €1.1 billion of its existing €1.35 billion Term Loan B. The transaction priced on 22 October 2026, with the refinanced tranche extended from September 2029 to July 2032, reinforcing the Company’s prudent capital structure approach.

Strong demand from a broad group of institutional investors enabled team.blue to upsize the transaction twice in-market, taking the final deal size to €1.1 billion from a minimum initial launch size of €500 million, despite recent credit market volatility. Pro forma for the transaction, c.90% of team.blue’s term debt now matures in 2032.

The transaction comes at a time of significant momentum for team.blue, with continued double-digit revenue growth and strong cash generation supporting its deleveraging trajectory. Its products help Europe’s SMBs get online, get customers, get paid and stay compliant, and AI-enabled products are increasingly driving new customer growth. team.blue continues to innovate across its portfolio, from smarter tools within its brands to secure European cloud hosting built for customers’ growing AI workloads. Its category-leading SaaS brands are also integrating with leading AI assistants, bringing team.blue’s products to customers wherever they work.

Transaction highlights

The largest software Euro term loan issuance in the last 12 months€1.1 billion Term Loan B, borrowed by team.blue Finco S.à r.l., maturing July 2032Priced at E + 425bps with a 0% floor and an OID of 98.5Upsized twice from an initial €500 million, reflecting a heavily oversubscribed order bookCorporate and facility ratings of B3 (Moody’s) and B (S&P), both with stable outlooksBofA acted as Global Coordinator and Left Lead Physical Bookrunner, alongside Barclays. ABN AMRO, BNP Paribas, Citi, ING and J.P. Morgan acted as Bookrunners

Jonathan Thackray, Chief Financial Officer of team.blue, said:
“We set out to extend €500 million of our Term Loan B, and the depth of support from our institutional investor base allowed us to go much further. This reflects confidence in team.blue’s highly recurring, cash-generative model and our position as a leading digital partner for Europe’s SMBs. It gives us the flexibility to keep innovating and investing in the digital and AI-enabled tools our customers rely on.”

About team.blue
team.blue is the pan-European digital partner for small and medium businesses, serving more than 3.5 million customers in 24 countries. From web hosting, domains, email and cloud and AI infrastructure to e-commerce, engagement, payments and compliance tools, team.blue helps SMBs get online, get customers, get paid and stay compliant. Supported by more than 4,000 employees, team.blue’s vision is to make online business success simpler, with artificial intelligence at every step. 

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