Gel Battery Market 2022: Overview, Analysis, Trends, Demand and Forecast 2027

According to the latest report by IMARC Group, titled "Gel Battery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," The global gel battery market reached a value of US$ 2.07 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.63 Billion by 2027, exhibiting at a CAGR of 4.2% during 2022-2027.

Report Metric

Historical: 2016-2021

Base Year: 2021

Forecast Year: 2022-2027

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Gel Battery Market Industry Definition and Application:

Gel battery is a valve-regulated lead-acid battery with a jellied electrolyte. It consists of silica that makes the electrolyte set up or stiffen the battery. It is suited for deep cycle application and is used in places without ventilation. It is generally maintenance-free and vibration resistant in nature. As compared to a conventional lead-acid battery, a gel battery requires low recharge voltage as it is sensitive to over-charging. It also offers advantages such as enhanced safety due to the reduced risk of sulphuric acid burns, greater resistance to shock and lower rate of evaporation. As a result, it finds applications in marine equipment, motorcycle designs, cell phones, camcorders, and high-end cars. It is also utilized in solar systems, marine trolling, sailboats, uninterrupted power systems (UPS), and emergence lightings.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Gel Battery Market Trends and Drivers:

The market is primarily driven by rapid urbanization and a significant rise in the number of vehicles on the road. In addition, the growing awareness regarding energy generation from renewable energy sources is also facilitating the change in the infrastructure of electric grid setups. This is creating a high demand for microgrid installation, which is propelling the market growth. Besides this, governments across various countries are implementing supportive policies and promoting the use of off-grid solar photovoltaic (PV) setups, which can be managed independently. They also provide tax credits, incentives, and price concessions on various solar panel components, which is increasing the product demand across various industry verticals. Furthermore, the rising need for solar-powered devices to provide backup during power outages coupled with the growing popularity of electric vehicles, public transportation, and aircraft are creating a positive outlook for the market.

Browse full report with TOC: https://www.imarcgroup.com/gel-battery-market

Gel Battery Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The report has segmented the market on the basis on region, type, distribution channel, application.

Breakup by Type:

2V
6V
12V

Breakup by Distribution Channel:

Online
Offline

Breakup by Application:

Electric Mobility
Energy Storage and Distribution
Telecommunication
Others

Breakup by Region

North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa

Competitive Landscape with Key Player:

B.B. Battery
BSB Power Company Limited
C&D Technologies Inc.
Canbat Technologies Inc.
Exide Technologies
Exponential Power Inc.
JYC Battery Manufacturer Co. Ltd.
Leoch International Technology Limited Inc.
Power-Sonic Corporation
Vision Group.

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