Gel Batteries Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players EXIDE, Enersys, VISION, Shoto, Sacred Sun, FIAMM

Registering a CAGR of 4.2% over the forecast period of 2022-2027, the global Gel Batteries market is anticipated to reach the market value of US$ 2.63 billion in the year 2027 from US$ 2.07 billion in the year 2021.

Gel Batteries Market Overview

A Gel battery design is typically a modification of the standard lead-acid automotive or marine battery. A gelling agent is added to the electrolyte to reduce movement inside the battery case. Many gel batteries also use one-way valves in place of open vents, which help the normal internal gasses to recombine back into water in the battery, reducing gassing. Generally, gel batteries are less tolerant of high heat and are charged at lower power than traditional or AGM batteries.

A gel battery is lightweight and durable, has a longer lifespan, and can withstand extreme temperature ranges compared to conventional batteries. It comprises gelled electrolytes that reduce the risk of spillage, evaporation, corrosion, and internal resistance. As it requires low maintenance, it is commonly utilized in cell phones, camcorders, motorcycles, marine equipment, and high-end cars across the globe.The major factor driving the gel battery market is high growth in microgrid installations, increase in the investment of clean energy at a global level, and supportive government policies for battery recycling. Moreover, the growing energy storage industry is also likely to boost the installation of gel batteries in various industries. However, availability of alternative batteries is one of the factors that would hinder the growth of gel battery market. Rise in need to expand data centers across the globe would create an opportunity for gel battery market.

Industry news:

Charging ahead: EnerSys enhances battery power and faster forklift recharging

Nov. 05.2020: Materials handling vehicles such as forklift trucks and pallet trucks, are a vital tool for logistics, manufacturing and the global movement of goods. With 90% of the world’s forklift trucks using lead batteries, the rocketing demand for this battery technology is driving innovation for this application.

Exide Launches Innovative VRLA GEL Battery for Power-hungry Trucks

Sept. 19, 2018 : Global stored energy leader, Exide Technologies, is helping fleet operators to keep their businesses moving by adding high performance VRLA (valve regulated lead-acid) GEL battery technology to its truck range, pushing cycling endurance to new levels.

Who are the Major Players in Gel Batteries Market?

The Gel Batteries Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market includes: EXIDE, Enersys, VISION, Shoto, Sacred Sun, FIAMM, HUAFU, Hoppecke, DYNAVOLT, LEOCH, Coslight, C&D Technologies, East Penn, Trojan, FENGFAN, SEC and Others.

What are the major Applications, Types, and Regions for Gel Batteries Market?

By Type, it is segmented into

• 100 Ah


• 100Ah~200Ah


• 200Ah


• Other

By Applications, it is segmented into

• Telecom


• UPS


• Emergency Lighting


• Security


• Photovoltaic


• Railways


• Motorcycle


• Other

Gel Batteries Market Regional Analysis

In terms of region, the global gel battery market can be split into Middle East & Africa, Latin America, Asia Pacific, Europe, and North America.The gel battery market in the U.S. is anticipated to expand at a faster pace during the forecast period. Utilities in the U.S. invested approximately US$ 144 Bn in electricity generation, transmission, and distribution infrastructure in 2016. Investment in annual smart grid setup in the U.S. rose from US$ 3.4 Bn in 2014 to US$ 4.8 Bn in 2016. These investments are projected to rise to US$ 13.8 Bn in 2024.

According to International Energy Agency, India’s electricity demand is projected to reach 1900 terawatt-hours by 2021-2022 and its carbon dioxide emission from coal combustion is projected to reach 3.3 gigatons (Gt) in 2030. By using building-to-grid technology, buildings can curb the unnecessary usage of electricity and can achieve even distribution of electricity without power outage. Thus, the gel battery market in Asia Pacific is anticipated to expand at a faster pace during the forecast period.

•  North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Gel Batteries Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Gel Batteries Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Gel Batteries Market Report Scope?

Key Takeaways from this Gel Batteries Report

• Evaluate Gel Batteries market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Gel Batteries market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

Frequently Asked Questions

What is the study period of this market?

The Gel Batteries Market is studied from 2017 - 2027.

What is the growth rate of Gel Batteries Market?

The Gel Batteries Market is growing at a CAGR of 4.2% over the next 5 years.

Who are the leading key players in Gel Batteries Market?

EXIDE, Enersys, VISION, Shoto, Sacred Sun, FIAMM, HUAFU, Hoppecke, DYNAVOLT, LEOCH, Coslight, C&D Technologies, East Penn, Trojan, FENGFAN, SEC and Others.

What regions regions does this Gel Batteries Market report covers?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What are the significant types of Gel Batteries Market?

100 Ah, 100Ah~200Ah, 200Ah, Other

What are the significant Applications of Gel Batteries Market?

Telecom, UPS, Emergency Lighting, Security, Photovoltaic, Railways, Motorcycle, Other

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