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The next-generation batteries market promises major growth as researchers from top institutes believe these are ready for commercial application. According to a recent published by researchers from University of Austin on Sciencedaily.com, lithium-sulfer batteries can be used to prolong their applications in electric vehicles, smartphones, and IoT devices for a significantly longer use. This promises to solve one of the key challenges for expansion of electric vehicles, which still reel from limitations in electric infrastructure, and limited strength of batteries to support electric vehicles. Moreover, these batteries also promise to be more benign as opposed to current lithium-ion batteries. Thanks to growing demand for longer smartphone usage, and abundance of Sulphur as a byproduct, the next-generation batteries market will witness tremendous growth in near future.
Major Investments in Battery Generation to Open New Opportunities for Growth
According to publications by Samsung Advanced Institute of Technology, the institute is conducting research on next-generation materials to replace Li-ion battery systems. The institute remains optimistic about the development of new batteries, and studying key alternatives like Li-aid battery technology. The technology promises to provide a 800 km mileage for electric vehicles on a single charge. Moreover, the institute also states that we can expect other product improvements like including low cost development, high energy density, and long-term reliability.
Samsung is just one of many players in the next-generation battery market, which is making major investments in product improvements through research in next-generation batteries. Other players like Apple, Xioami, and their billion dollar investments will likely drive major growth for the global next-generation battery market. According to Samsung reports, the next-generation batteries will also provide smaller, more functional, and more wearable devices, providing further momentum for growth for new devices like wearable watches, among others.
The Low-cost Sulphur Remains a Major Promise for Growth
Sulphur is abundant in nature. Moreover, it can also be used as a byproduct from other industries like Oil & Gas. Moreover, since it is more benign than other metal oxide materials found in lithium-ion batteries. Furthermore, according to the scientists from Texas university, lithium-sulfur batteries hold 10 times more charge capacities as compared to today’s batteries. This will likely drive more usage for electric vehicles, smartphones, among others.
Recent studies published in the journal Energy & Environmental Science also speak about next-generation batteries that are a low-cost, all-solid-state battery that is non-combustible, and has a long cycle life with high energy density. The growing interest in the area, and its expanding commercial application remains a major promise for growth in the global next-generation battery market.
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