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The market for gel batteries is anticipated to grow to a value of over USD 2.9 billion between 2023 and 2030, with a CAGR of 5.50%.
Consumer needs for mobility vary across industrialised and developing nations. Over the foreseeable period, consumers' preference for car ownership will be driven by ongoing urbanisation. It is anticipated that the demand for gel batteries in regions like Asia-Pacific, Latin America, and the Middle East & Africa will soon expand due to an increase in new car sales and an increase in the number of on-road cars in these regions. Additionally, a shift in the infrastructure of the electric grid setup has been brought about by a rise in understanding about the production of energy from renewable sources. The usage of off-grid systems is being encouraged by the governments of numerous nations. Renewable energy sources' electricity is independently handled in an off-grid system. One of the essential parts of this system for storing energy is a battery gel. Therefore, it is anticipated that the market would grow as off-grid systems are increasingly installed.
The market share and size are anticipated to increase over the course of the analysis period as a result of the rising popularity of gel batteries in a variety of applications, including marine trolling, solar systems, electric vehicles, golf cars, sailboats, uninterrupted power systems (UPS), emergency lighting, and others. The best features of gel batteries also include sand pill resistance, high capacity at higher temperatures, and protection from burns and chemical failures brought on by the use of sulfuric acid in batteries. All of these benefits have helped the market grow more quickly across numerous industry characteristics. The application and usage capacity of gel batteries have also been enhanced by the increasing recycling of batteries, improved surge, and significance of eco-friendly lead battery maintenance procedures. The availability of substitute battery sources and the drawback of gel batteries' sluggish charging rate, however, are anticipated to restrain the development of this industry and serve as its main constraints.
Due to its status as a renewable energy source and lack of negative environmental effects, solar power systems have experienced tremendous growth in popularity in recent years. Gel batteries perform better in solar power systems where heat is an issue than other batteries, such as absorbent glass mats (AGM). This is due to the fact that gel batteries, which are valve-regulated sealed batteries, adapt better to severe temperatures and are less likely to experience thermal runaway. Additionally, gel batteries in solar systems have a lifespan that is twice as long as an AGM battery. For instance, a well-known firm in the power sports sector, Deka brand solar batteries, has created solar batteries with 600–800 full lifecycles, which corresponds to AGM.
The charging of gel batteries is delicate. It shouldn't be overcharged. The electrolyte may become empty due to overcharging, which could harm the battery. Overcharging-related damage cannot be repaired or reversed to the same extent. Due to this loss of charging capacity, the market growth for gel batteries is predicted to be hindered throughout the forecast period.
Report Coverage
Global Gel Battery research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Gel Battery report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Gel Battery competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Gel Battery market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Gel Battery market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Gel Battery market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
C&D Technologies Inc., Canbat Technologies Inc., Leoch International Technology Ltd., JYC Battery Manufacturing Co. Ltd., and B.B.Tech (Changsha) Co. Ltd.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Gel Battery market based on the below-mentioned segments:
Global Gel Battery Market, By Type
2V
6V
12V
Global Gel Battery market, By Application
Electric Mobility
Energy Storage & Distribution
Telecommunication
Others
Global Gel Battery market, Regional Analysis
Consumer needs for mobility vary across industrialised and developing nations. Over the foreseeable period, consumers' preference for car ownership will be driven by ongoing urbanisation. It is anticipated that the demand for gel batteries in regions like Asia-Pacific, Latin America, and the Middle East & Africa will soon expand due to an increase in new car sales and an increase in the number of on-road cars in these regions. Additionally, a shift in the infrastructure of the electric grid setup has been brought about by a rise in understanding about the production of energy from renewable sources. The usage of off-grid systems is being encouraged by the governments of numerous nations. Renewable energy sources' electricity is independently handled in an off-grid system. One of the essential parts of this system for storing energy is a battery gel. Therefore, it is anticipated that the market would grow as off-grid systems are increasingly installed.
The market share and size are anticipated to increase over the course of the analysis period as a result of the rising popularity of gel batteries in a variety of applications, including marine trolling, solar systems, electric vehicles, golf cars, sailboats, uninterrupted power systems (UPS), emergency lighting, and others. The best features of gel batteries also include sand pill resistance, high capacity at higher temperatures, and protection from burns and chemical failures brought on by the use of sulfuric acid in batteries. All of these benefits have helped the market grow more quickly across numerous industry characteristics. The application and usage capacity of gel batteries have also been enhanced by the increasing recycling of batteries, improved surge, and significance of eco-friendly lead battery maintenance procedures. The availability of substitute battery sources and the drawback of gel batteries' sluggish charging rate, however, are anticipated to restrain the development of this industry and serve as its main constraints.
Due to its status as a renewable energy source and lack of negative environmental effects, solar power systems have experienced tremendous growth in popularity in recent years. Gel batteries perform better in solar power systems where heat is an issue than other batteries, such as absorbent glass mats (AGM). This is due to the fact that gel batteries, which are valve-regulated sealed batteries, adapt better to severe temperatures and are less likely to experience thermal runaway. Additionally, gel batteries in solar systems have a lifespan that is twice as long as an AGM battery. For instance, a well-known firm in the power sports sector, Deka brand solar batteries, has created solar batteries with 600–800 full lifecycles, which corresponds to AGM.
The charging of gel batteries is delicate. It shouldn't be overcharged. The electrolyte may become empty due to overcharging, which could harm the battery. Overcharging-related damage cannot be repaired or reversed to the same extent. Due to this loss of charging capacity, the market growth for gel batteries is predicted to be hindered throughout the forecast period.
Report Coverage
Global Gel Battery research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Gel Battery report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Gel Battery competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Gel Battery market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | C&D Technologies Inc., Canbat Technologies Inc., Leoch International Technology Ltd., JYC Battery Manufacturing Co. Ltd., and B.B.Tech (Changsha) Co. Ltd. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Gel Battery Market from 2021 to 2030.
- Market Forecast for Gel Battery Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Gel Battery competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Gel Battery
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Gel Battery market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Gel Battery market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
C&D Technologies Inc., Canbat Technologies Inc., Leoch International Technology Ltd., JYC Battery Manufacturing Co. Ltd., and B.B.Tech (Changsha) Co. Ltd.
Primary Target Market
- Market Players of Gel Battery
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Gel Battery market based on the below-mentioned segments:
Global Gel Battery Market, By Type
2V
6V
12V
Global Gel Battery market, By Application
Electric Mobility
Energy Storage & Distribution
Telecommunication
Others
Global Gel Battery market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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