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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. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
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. Moreover, a gel battery is considered suitable for being used in solar systems, marine trolling, sailboats, uninterrupted power systems (UPS), and emergency lighting on account of its flexible designs and vibration resistance.
Gel batteries find application as energy storage devices in off-grid solar photovoltaic (PV) systems. This, in confluence with the escalating demand for solar power devices to provide backup during power outages in remote areas, represents one of the key factors driving the market. In addition, governments of numerous countries are promoting the usage of renewable energy sources via tax credits, incentives, and price concessions on several solar panel components. Apart from this, rising concerns about the negative impact of fuel-based vehicles on the environment are positively influencing the use of gel batteries in electric vehicles (EVs), public transportation, and aircraft. Furthermore, the increasing awareness among individuals of rising pollution levels is contributing to the market growth. Besides this, gel batteries are employed in manufacturing electric wheelchairs and ventilators, which are employed in health facilities. The escalating demand for electric wheelchairs on account of the rising prevalence of neurological disorders and the geriatric population, which is more susceptible to orthopaedic conditions, is also bolstering the market growth. In line with this, the expanding utilization of gel batteries in golf carts, floor scrubbers, and computers for backup is impelling the market growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global gel battery market report, along with forecasts for growth at the global and regional level from 2022-2027. Our report has categorized the market based on type, distribution channel and application.
Breakup by Type:
Breakup by Distribution Channel:
Breakup by Application:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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 and Vision Group.
|Base Year of the Analysis||2021|
|Segment Coverage||Type, Distribution Channel, Application, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||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 and Vision Group.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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