Gel Battery Market Report 2023-28, Industry Trends, Demand And Future Outlook

According to the latest report by IMARC Group, titled “Gel Battery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The global gel battery market size reached US$ 2.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.7 Billion by 2028, exhibiting a growth rate (CAGR) of 4% during 2023-2028.

A gel battery is a valve regulated lead acid (VRLA) battery with a jellified electrolyte, wherein the sulfuric acid is mixed with fumed silica. These batteries have a longer lifespan as they reduce the rate of electrolyte evaporation and spillage. As a result, they are commonly used as an essential component in the production of cellphones, marine equipment, motorcycles and camcorders.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Market Trends:

The global market is majorly driven by the rising demand for gel batteries in solar power systems. With an enhanced focus on sustainable development and the increasing adoption of renewable energy sources, this has provided an impetus to the market growth. Besides this, rising concerns about the detrimental environmental effects among the masses have contributed to the escalating adoption of gel batteries in e-bicycles and e-scooters. Owing to their longer lifespan and zero harmful environmental impact, they have gained widespread prominence among end users across the globe..

Breakup by Type:

• 2V
• 6V
• 12V

Breakup by Distribution Channel:

• Online
• Offline

Breakup by Application:

• Electric Mobility
• Energy Storage and Distribution
• Telecommunication
• Others

Breakup by Region

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Competitive Landscape with Key Player:

• 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
• Vision Group.

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Key highlights of the report:

• Market Performance (2017-2022)
• Market Outlook (2023- 2028)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

If you want latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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