Gel Battery Market Overview:
Gel Battery Market will obtain valuation of USD 10.0 Billion with a healthy CAGR of 7.3% in the forecast period from 2024 to 2032.
In the current scenario, industries engaged in automotive, energy storage, telecommunication, consumer electronics, and others require gel battery for ensuring improved durability and smooth power supply. These advanced batteries are technically sufficient to upgrade the life span of a device. Gel batteries use only one way valves in place of open vents. Gel battery is less tolerant of high heat and are charged at lower power.
The gel battery market has been segmented into five regions, namely, Asia-Pacific, the Middle East & Africa, Europe, North America, and South America. Asia Pacific is expected to hold the largest share of the market during the forecast period.
Factors such as large population base and presence of key gel battery manufacturers in China, India, and Southeast Asian countries are driving the growth of these batteries in the Asia Pacific region. Europe is expected to be the second-largest market for gel battery owing to the increasing deployment of advanced batteries in the consumer electronics and automotive sector.
In North America, countries such as US and Canada are significantly focusing on investment in battery energy storage systems to curb carbon emissions. In the Middle East & Africa and South America, gel batteries are gaining exposure due to increasing urbanization.
Global Gel Battery Market has been segmented based on Type and Application. Based on type, the global market is divided into 2V, 6V, and 12V. The 12V segment is expected to hold the largest share within the global market during the forecast period. Increasing environmental concerns may be well served with advances in gel batteries.
Moreover, 12V batteries have wide application in construction and other manufacturing industries. Based on application, the market is segmented into electric mobility, energy storage & distribution, telecommunication, and others. Electric mobility is expected to hold largest share during the forecast period owing to rising demand for electric vehicles that uses advanced gel batteries for efficient power supply.
Key Players
Shenzhen Dimeisen Technology
A123 Systems
Sonnenschein
BAE Batterien
Narada Power Source
Trojan Battery Company
Exide Industries
GSL Energy
East Penn Manufacturing
Zhejiang Vcycletech
Crown Battery Manufacturing
Johnson Controls
SBS Battery
BSLBATT
Fronius International
Gel Battery Market Segmentation Insights
Gel Battery Market Application Outlook
Telecommunications
Renewable Energy Systems
Electric Vehicles
Uninterruptible Power Supply
Marine
Gel Battery Market Type Outlook
Deep Cycle Gel Batteries
Sealed Gel Batteries
Standard Gel Batteries
Gel Battery Market End Use Outlook
Residential
Commercial
Industrial
Gel Battery Market Distribution Channel Outlook
Online
Retail
Distributors
Gel Battery Market Regional Outlook
North America
Europe
South America
Asia Pacific
Middle East and Africa
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