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.
A gel battery is a valve regulated lead acid (VRLA) battery with a jellified electrolyte, wherein the sulfuric acid is mixed with fumed silica. These batteries have a longer lifespan as they reduce the rate of electrolyte evaporation and spillage. As a result, they are commonly used as an essential component in the production of cellphones, marine equipment, motorcycles and camcorders.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
The global market is majorly driven by the rising demand for gel batteries in solar power systems. With an enhanced focus on sustainable development and the increasing adoption of renewable energy sources, this has provided an impetus to the market growth. Besides this, rising concerns about the detrimental environmental effects among the masses have contributed to the escalating adoption of gel batteries in e-bicycles and e-scooters. Owing to their longer lifespan and zero harmful environmental impact, they have gained widespread prominence among end users across the globe.
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The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- 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.
The report has segmented the market on the basis on region, type, distribution channel, application.
Breakup by Type:
Breakup by Distribution Channel:
Breakup by Application:
- Electric Mobility
- Energy Storage and Distribution
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
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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