Gel Battery Market Projected to Reach $2.6 Billion by 2027, Growing at 4.2% CAGR from 2020 to 2027

WILMINGTON, DE , UNITED STATES, July 24, 2024 /EINPresswire.com/ -- The gel battery market size was valued at $1.8 billion in 2019, and is projected to reach $2.6 billion by 2027, growing at a CAGR of 4.2% from 2020 to 2027.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:
https://www.alliedmarketresearch.com/request-sample/A06523

The gel battery contains a predetermined amount of electrolyte, which includes sulphuric acid and silica fumes. It falls under the category of valve regulated lead acid (VRLA) batteries and finds applications in various fields like electrification, hybrid power systems, navigational aids, mobile phones, motorcycles, camcorders, marine equipment, and more.

The growth of the gel battery market is fueled by its widespread use in areas such as telecommunication, uninterrupted power supply (UPS), and other sectors. This is attributed to its advantageous features, including low maintenance, leak-proof design, high compatibility with sensitive electronic devices, cost-effectiveness per month, and others. However, challenges such as high initial costs and the need for specialized chargers and regulators are expected to impede the market's growth.

𝐆𝐞𝐥 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬

𝐁𝐲 𝐓𝐲𝐩𝐞
• 2V
• 6V
• 12V

𝐁𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧
• Electric Mobility
• Energy Storage & Distribution
• Telecommunication
• Others

𝐁𝐮𝐲 𝐍𝐨𝐰 & 𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐎𝐧 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.alliedmarketresearch.com/checkout-final/c44e8c1e0f33a9f436601c8c5be2e2bf

Based on the battery type, the 12V gel battery holds the largest market share, accounting for 43.8% in 2019. This dominance is driven by its widespread use in various sectors such as renewable energy, telecommunications, broadband, and others. Its popularity in these areas is due to its advantageous features such as prolonged retention time, extended service life, ease of handling, no need for distilled water addition, among others.

Regarding applications, the energy storage & distribution segment is poised for rapid growth, expected to achieve a CAGR of 4.6%. This growth is fueled by increasing demand from the energy sector in developing regions. Gel battery adoption for energy storage & distribution in Asia-Pacific and LAMEA regions is projected to grow at CAGRs of 4.7% and 6.3%, respectively, from 2020 to 2027.

In terms of regions, Asia-Pacific commands the largest market share, capturing 39.9% in 2019. This dominance is attributed to the region's substantial consumer base, presence of key manufacturing players-particularly in countries like China-and the burgeoning telecommunication and energy sectors, which collectively bolster the gel battery market's growth.

𝐈𝐟 𝐲𝐨𝐮 𝐡𝐚𝐯𝐞 𝐚𝐧𝐲 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬, 𝐏𝐥𝐞𝐚𝐬𝐞 𝐟𝐞𝐞𝐥 𝐟𝐫𝐞𝐞 𝐭𝐨 𝐜𝐨𝐧𝐭𝐚𝐜𝐭 𝐨𝐮𝐫 𝐚𝐧𝐚𝐥𝐲𝐬𝐭 𝐚𝐭:
https://www.alliedmarketresearch.com/connect-to-analyst/A06523

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐒𝐭𝐮𝐝𝐲:

• The gel battery market is analyzed from 2019 to 2027
• Depending on the type, the12V batterysegment is projected to grow at aCAGR of nearly 4.3%, in terms of revenue, during the forecast period
• Region wise, North America is expected to register aCAGR of nearly 3.4%, in terms of revenue, in the coming future
• By application, the energy & distribution segment is estimated to exhibit aCAGR of 4.6%, in terms of revenue
• Asia-Pacific dominated the gel battery market with a share of over 39.9% in 2019, in terms of revenue
• A comprehensive analysis of the factors that drive and restrain the market growth is provided in the report
• The qualitative data in this report aims at the market dynamics, gel battery market trends, and developments in the industry

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

• Vision Group
• JYC Battery Manufacturing Co. Ltd.
• Exide Technologies
• Power Sonic Corporation
• Canbat Technologies Inc.
• Storage Battery Systems
• LLC
• B.B. TECH (Changsha) Co. Ltd.
• BSB Power Company Limited.
• Leoch International Technology Limited Inc.
• C&D Technologies, Inc.

David Correa
Allied Market Research
+1 800-792-5285
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