Market Overview:
The global electric vehicle VRLA batteries market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric vehicles across the globe. Additionally, factors such as technological advancements and rising awareness about environment-friendly alternatives are also contributing to the growth of this market. The global electric vehicle VRLA batteries market is segmented on the basis of type, application, and region. On the basis of type, it is divided into absorbed glass mat battery (AGM), gel battery, and other types. AGM batteries currently dominate this market owing to their high performance and longer life cycle as compared to other types of batteries. Gel batteries are witnessing a rapid growth due their low maintenance requirements and environmental friendliness. By application, it is segmented into OEMs (original equipment manufacturers), automotive channels (dealerships/repair shops), ecommerce platforms (online stores/marketplaces), wholesale clubs (big box retailers/hypermarkets), and others segments including direct sales by battery manufacturers or through third-party service providers).
Product Definition:
Electric Vehicle VRLA Batteries are a type of rechargeable battery that is used in electric vehicles. They are important because they provide power to the vehicle and allow it to run.
Absorbed Glass Mat Battery:
Absorbed Glass Mat (AGM) batteries are used in applications where high power and lightweight are required. They offer several advantages over conventional batteries such as low self-discharge, resistance to vibration & thermal shock, excellent shelf life and tolerance for charging & discharging cycles at higher temperatures. AGM batteries have a glass mat embedded between the layers of lithium cobalt oxide and lithium iron phosphate electrodes.
Gel Battery:
Gel batteries are rechargeable lead-acid batteries that have a higher capacity than conventional ones. They offer high power density and low self-discharge rate, which makes them ideal for electric vehicles (EV). Gel battery is usually made up of three parts; the positive terminal, negative terminal and an electrolyte liquid. The electrolyte can be either absorbed or gel based.
Application Insights:
The OEM segment dominated the global electric vehicle VRLA batteries market in 2017 and is expected to maintain its dominance over the forecast period. The growing adoption of electric vehicles in countries such as Japan, China and Germany is expected to drive demand for VRLA batteries from OEMs. Furthermore, increasing government initiatives towards promoting Electric Vehicles are further anticipated to boost demand over the forecast period.
Automotive channel was another prominent segment that accounted for a significant share of the global market revenue in 2017 owing to rising sales of passenger cars and light commercial vehicles across major economies including U.S., China, India and Russia among others which are projected to witness high growth rate on account of increased consumer spending on automobiles during upcoming years. Increasing production capacities coupled with supportive government policies aimed at promoting Electric Vehicles will further fuel industry expansion over the coming years thereby driving overall industry growth during 2018-2030 period.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a CAGR of XX% from 2018 to 2030 owing to increasing demand for electric vehicles and supportive government initiatives. For instance, in 2015, the National Highway Traffic Safety Administration (NHTSA) launched an initiative named “SmartWay†which encourages automobile manufacturers to develop innovative technologies that would help reduce Greenhouse Gas (GHG) emissions by harnessing energy from regenerative braking and other sources.
The Asia Pacific regional market is anticipated to grow at a significant rate over the forecast period owing high population growth along with rapid urbanization trends across emerging economies such as China and India. Moreover, favorable government policies aimed at reducing vehicular emissions are also expected drive industry growth over the coming years.
Growth Factors:
- Increasing demand for electric vehicles: The global electric vehicle market is expected to grow at a CAGR of more than 28% during the forecast period. This will lead to an increase in demand for VRLA batteries used in these vehicles.
- Government initiatives and subsidies: Governments across the globe are promoting the use of electric vehicles through various initiatives and subsidies, which is expected to drive the growth of the VRLA battery market.
- Development of advanced technologies: The development of advanced technologies such as lithium-ion (Li-ion) and nickel-metal hydride (NiMH) batteries is expected to boost the growth of the VRLA battery market. These technologies offer high performance and longer life cycles as compared to other battery types, making them ideal for use in electric vehicles.
- Growing awareness about environmental benefits: There is a growing awareness among consumers about environmental benefits offered by electric vehicles, which is likely to fuel demand for these vehicles in coming years, thereby propelling growth of VRLA batteries used in them.. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Vehicle VRLA Batteries Market Research Report
By Type
Absorbed Glass Mat Battery, Gel Battery, Other
By Application
OEM, Automotive Channel, Ecommerce, Wholesale Clubs, Other
By Companies
Johnson Controls, GS Yuasa, Exide Technologies, Hitachi Chemical, Camel Group, Sebang, Atlas BX, CSIC Power, East Penn, Banner Batteries, Chuanxi Storage, Exide Industries, Ruiyu Battery, Amara Raja
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Electric Vehicle VRLA Batteries Market Report Segments:
The global Electric Vehicle VRLA Batteries market is segmented on the basis of:
Types
Absorbed Glass Mat Battery, Gel Battery, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
OEM, Automotive Channel, Ecommerce, Wholesale Clubs, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Johnson Controls
- GS Yuasa
- Exide Technologies
- Hitachi Chemical
- Camel Group
- Sebang
- Atlas BX
- CSIC Power
- East Penn
- Banner Batteries
- Chuanxi Storage
- Exide Industries
- Ruiyu Battery
- Amara Raja
Highlights of The Electric Vehicle VRLA Batteries Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Absorbed Glass Mat Battery
- Gel Battery
- Other
- By Application:
- OEM
- Automotive Channel
- Ecommerce
- Wholesale Clubs
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electric Vehicle VRLA Batteries Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electric Vehicle VRLA batteries are a type of rechargeable battery that is used in electric vehicles. They are made up of several cells that are connected together and can be charged using an electric charger.
Some of the major companies in the electric vehicle vrla batteries market are Johnson Controls, GS Yuasa, Exide Technologies, Hitachi Chemical, Camel Group, Sebang, Atlas BX, CSIC Power, East Penn, Banner Batteries, Chuanxi Storage, Exide Industries, Ruiyu Battery, Amara Raja.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electric Vehicle VRLA Batteries Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Electric Vehicle VRLA Batteries Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electric Vehicle VRLA Batteries Market - Supply Chain
4.5. Global Electric Vehicle VRLA Batteries Market Forecast
4.5.1. Electric Vehicle VRLA Batteries Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electric Vehicle VRLA Batteries Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electric Vehicle VRLA Batteries Market Absolute $ Opportunity
5. Global Electric Vehicle VRLA Batteries Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Electric Vehicle VRLA Batteries Market Size and Volume Forecast by Type
5.3.1. Absorbed Glass Mat Battery
5.3.2. Gel Battery
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electric Vehicle VRLA Batteries Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Electric Vehicle VRLA Batteries Market Size and Volume Forecast by Application
6.3.1. OEM
6.3.2. Automotive Channel
6.3.3. Ecommerce
6.3.4. Wholesale Clubs
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electric Vehicle VRLA Batteries Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Electric Vehicle VRLA Batteries Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Electric Vehicle VRLA Batteries Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Electric Vehicle VRLA Batteries Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Electric Vehicle VRLA Batteries Demand Share Forecast, 2019-2026
9. North America Electric Vehicle VRLA Batteries Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Electric Vehicle VRLA Batteries Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Electric Vehicle VRLA Batteries Market Size and Volume Forecast by Application
9.4.1. OEM
9.4.2. Automotive Channel
9.4.3. Ecommerce
9.4.4. Wholesale Clubs
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electric Vehicle VRLA Batteries Market Size and Volume Forecast by Type
9.7.1. Absorbed Glass Mat Battery
9.7.2. Gel Battery
9.7.3. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Electric Vehicle VRLA Batteries Demand Share Forecast, 2019-2026
10. Latin America Electric Vehicle VRLA Batteries Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Electric Vehicle VRLA Batteries Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Electric Vehicle VRLA Batteries Market Size and Volume Forecast by Application
10.4.1. OEM
10.4.2. Automotive Channel
10.4.3. Ecommerce
10.4.4. Wholesale Clubs
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electric Vehicle VRLA Batteries Market Size and Volume Forecast by Type
10.7.1. Absorbed Glass Mat Battery
10.7.2. Gel Battery
10.7.3. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Electric Vehicle VRLA Batteries Demand Share Forecast, 2019-2026
11. Europe Electric Vehicle VRLA Batteries Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Electric Vehicle VRLA Batteries Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Electric Vehicle VRLA Batteries Market Size and Volume Forecast by Application
11.4.1. OEM
11.4.2. Automotive Channel
11.4.3. Ecommerce
11.4.4. Wholesale Clubs
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electric Vehicle VRLA Batteries Market Size and Volume Forecast by Type
11.7.1. Absorbed Glass Mat Battery
11.7.2. Gel Battery
11.7.3. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Electric Vehicle VRLA Batteries Demand Share, 2019-2026
12. Asia Pacific Electric Vehicle VRLA Batteries Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Electric Vehicle VRLA Batteries Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Electric Vehicle VRLA Batteries Market Size and Volume Forecast by Application
12.4.1. OEM
12.4.2. Automotive Channel
12.4.3. Ecommerce
12.4.4. Wholesale Clubs
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electric Vehicle VRLA Batteries Market Size and Volume Forecast by Type
12.7.1. Absorbed Glass Mat Battery
12.7.2. Gel Battery
12.7.3. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Electric Vehicle VRLA Batteries Demand Share, 2019-2026
13. Middle East & Africa Electric Vehicle VRLA Batteries Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Electric Vehicle VRLA Batteries Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Electric Vehicle VRLA Batteries Market Size and Volume Forecast by Application
13.4.1. OEM
13.4.2. Automotive Channel
13.4.3. Ecommerce
13.4.4. Wholesale Clubs
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electric Vehicle VRLA Batteries Market Size and Volume Forecast by Type
13.7.1. Absorbed Glass Mat Battery
13.7.2. Gel Battery
13.7.3. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Electric Vehicle VRLA Batteries Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electric Vehicle VRLA Batteries Market: Market Share Analysis
14.2. Electric Vehicle VRLA Batteries Distributors and Customers
14.3. Electric Vehicle VRLA Batteries Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Johnson Controls
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. GS Yuasa
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Exide Technologies
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Hitachi Chemical
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Camel Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Sebang
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Atlas BX
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. CSIC Power
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. East Penn
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Banner Batteries
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Chuanxi Storage
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Exide Industries
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Ruiyu Battery
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Amara Raja
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
