Market Overview:
The global gel battery market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy storage systems, owing to the growing need for uninterrupted power supply. In addition, the increasing demand for electric vehicles is also contributing to the growth of this market. The global gel battery market is segmented by type, application and region. By type, the market is divided into 2V, 12V and 6V batteries. By application, it is classified into communication system, power plants and transmission and distribution systems, solar and wind power generation systems, signal systems and emergency lighting systems EPS (emergency power supply)and UPS (uninterrupted power supply), other applications).
Product Definition:
A gel battery is a type of lead-acid battery that uses a gel electrolyte instead of the more common liquid electrolyte. This results in a battery that is less likely to spill, even if inverted, and can be used in any orientation. Gel batteries also have a longer life than traditional lead-acid batteries.
2V:
2V is the power of rechargeable batteries. It is also used to define the voltage of a battery when it is not attached to an electrical circuit. The 2V mark has become familiar as it appears on most household appliances, such as shavers and vacuum cleaners. However, this does not mean that these devices should be operated with just any old battery; suitable batteries must have appropriate 2V marking and polarity signs so that they can be used in proper circuits.
12V & 6V:
12V & 6V are two types of batteries that are widely used in the Gel Battery market. 12 V batteries have higher power than 6 V ones and can be used for longer durations; however, they tend to be more expensive. The voltage indicates the power source and charge level of a battery. A battery with a higher voltage provides more energy but can also cause problems such as leakage, gassing, corrosion or explosion if not handled properly.
Application Insights:
Power plants and transmission and distribution systems were the largest application segment in 2017. The increasing demand for renewable energy sources, such as solar and wind power generation systems, is expected to drive the product demand over the forecast period. Gel batteries are used in EPS (Electrolytic Polymer System) units for industrial applications owing to their high power density. They are also used in UPS (Uninterruptible Power Supply) units due to their ability to provide backup power supply within seconds when needed most.
Communication system was another significant application segment of global gel battery market owing to its growing usage across various communication devices including cell phones, pagers, radios, etc. Its growing popularity as a replacement for conventional lithium-ion batteries has been driving its consumption rate over recent years on account of its higher energy density properties coupled with lower costs associated with it compared with other battery types available in the market at present time (such as lead acid).
Regional Analysis:
Asia Pacific is expected to be the largest regional market over the forecast period owing to increasing demand for automobiles and consumer electronics. The growing industrialization in emerging economies of Asia Pacific, such as China and India, coupled with rising investments in renewable energy infrastructure is anticipated to drive the regional market growth. Europe accounted for a significant share of global revenue due to high R&D spending by major countries such as Germany and U.K., which has resulted in technological advancements pertaining to gel batteries across this region. Moreover, presence of key automobile manufacturers including BMW AG; Mercedes-Benz AG; Volkswagen Group; AUDI AG; Porsche Holding GmbH & Co.; SEAT S.A.; Ford Motor Company Ltd.; Fiat Chrysler Automobiles N.V.
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 20% during the forecast period. This is primarily owing to the increasing concerns over environmental pollution and climate change. Gel batteries are ideally suited for use in electric vehicles as they offer high power density and long cycle life.
- Growing demand from renewable energy sector: The growth of the renewable energy sector is driving the demand for gel batteries worldwide. Renewable sources such as solar and wind power are becoming increasingly popular due to their low cost and environment-friendly nature. Gel batteries are ideal for storing energy from these sources, making them an attractive option for grid-connected applications such as microgrids and smart grids.
- Rising popularity of backup power systems: With increasing awareness about the importance of having a backup power system in case of emergencies, there is growing demand for gel batteries worldwide. These batteries offer high reliability and long service life, making them an ideal choice for backup applications such as uninterruptible power supplies (UPS) and standby generators .
Scope Of The Report
Report Attributes
Report Details
Report Title
Gel Battery Market Research Report
By Type
2V, 12V & 6V
By Application
Communication System, Power Plants and Transmission and Distribution Systems, Solar and Wind Power Generation Systems, Signal Systems and Emergency Lighting Systems, EPS and UPS, Other
By Companies
Exide Technologies, Enersys, VISION, Shoto, Sacred Sun, FIAMM, HUAFU, Hoppecke, DYNAVOLT, LEOCH, Coslight, BSB Power, Wolong Electric, XUNZEL, UPSEN Electric, SEC, Fusion
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Gel Battery Market Report Segments:
The global Gel Battery market is segmented on the basis of:
Types
2V, 12V & 6V
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
Communication System, Power Plants and Transmission and Distribution Systems, Solar and Wind Power Generation Systems, Signal Systems and Emergency Lighting Systems, EPS and UPS, 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:
- Exide Technologies
- Enersys
- VISION
- Shoto
- Sacred Sun
- FIAMM
- HUAFU
- Hoppecke
- DYNAVOLT
- LEOCH
- Coslight
- BSB Power
- Wolong Electric
- XUNZEL
- UPSEN Electric
- SEC
- Fusion
Highlights of The Gel Battery 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:
- 2V
- 12V & 6V
- By Application:
- Communication System
- Power Plants and Transmission and Distribution Systems
- Solar and Wind Power Generation Systems
- Signal Systems and Emergency Lighting Systems
- EPS and UPS
- 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 Gel Battery 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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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?
A gel battery is a type of rechargeable battery that uses a gel electrolyte instead of the traditional liquid electrolyte. This makes the battery more environmentally friendly and reduces its chances of catching on fire.
Some of the key players operating in the gel battery market are Exide Technologies, Enersys, VISION, Shoto, Sacred Sun, FIAMM, HUAFU, Hoppecke, DYNAVOLT, LEOCH, Coslight, BSB Power, Wolong Electric, XUNZEL, UPSEN Electric, SEC, Fusion.
The gel battery market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Gel Battery 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. Gel Battery Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Gel Battery Market - Supply Chain
4.5. Global Gel Battery Market Forecast
4.5.1. Gel Battery Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Gel Battery Market Size (000 Units) and Y-o-Y Growth
4.5.3. Gel Battery Market Absolute $ Opportunity
5. Global Gel Battery 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. Gel Battery Market Size and Volume Forecast by Type
5.3.1. 2V
5.3.2. 12V & 6V
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Gel Battery 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. Gel Battery Market Size and Volume Forecast by Application
6.3.1. Communication System
6.3.2. Power Plants and Transmission and Distribution Systems
6.3.3. Solar and Wind Power Generation Systems
6.3.4. Signal Systems and Emergency Lighting Systems
6.3.5. EPS and UPS
6.3.6. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Gel Battery 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. Gel Battery 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 Gel Battery 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. Gel Battery 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 Gel Battery Demand Share Forecast, 2019-2026
9. North America Gel Battery 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 Gel Battery 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 Gel Battery Market Size and Volume Forecast by Application
9.4.1. Communication System
9.4.2. Power Plants and Transmission and Distribution Systems
9.4.3. Solar and Wind Power Generation Systems
9.4.4. Signal Systems and Emergency Lighting Systems
9.4.5. EPS and UPS
9.4.6. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Gel Battery Market Size and Volume Forecast by Type
9.7.1. 2V
9.7.2. 12V & 6V
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 Gel Battery Demand Share Forecast, 2019-2026
10. Latin America Gel Battery 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 Gel Battery 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 Gel Battery Market Size and Volume Forecast by Application
10.4.1. Communication System
10.4.2. Power Plants and Transmission and Distribution Systems
10.4.3. Solar and Wind Power Generation Systems
10.4.4. Signal Systems and Emergency Lighting Systems
10.4.5. EPS and UPS
10.4.6. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Gel Battery Market Size and Volume Forecast by Type
10.7.1. 2V
10.7.2. 12V & 6V
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 Gel Battery Demand Share Forecast, 2019-2026
11. Europe Gel Battery 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 Gel Battery 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 Gel Battery Market Size and Volume Forecast by Application
11.4.1. Communication System
11.4.2. Power Plants and Transmission and Distribution Systems
11.4.3. Solar and Wind Power Generation Systems
11.4.4. Signal Systems and Emergency Lighting Systems
11.4.5. EPS and UPS
11.4.6. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Gel Battery Market Size and Volume Forecast by Type
11.7.1. 2V
11.7.2. 12V & 6V
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 Gel Battery Demand Share, 2019-2026
12. Asia Pacific Gel Battery 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 Gel Battery 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 Gel Battery Market Size and Volume Forecast by Application
12.4.1. Communication System
12.4.2. Power Plants and Transmission and Distribution Systems
12.4.3. Solar and Wind Power Generation Systems
12.4.4. Signal Systems and Emergency Lighting Systems
12.4.5. EPS and UPS
12.4.6. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Gel Battery Market Size and Volume Forecast by Type
12.7.1. 2V
12.7.2. 12V & 6V
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 Gel Battery Demand Share, 2019-2026
13. Middle East & Africa Gel Battery 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 Gel Battery 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 Gel Battery Market Size and Volume Forecast by Application
13.4.1. Communication System
13.4.2. Power Plants and Transmission and Distribution Systems
13.4.3. Solar and Wind Power Generation Systems
13.4.4. Signal Systems and Emergency Lighting Systems
13.4.5. EPS and UPS
13.4.6. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Gel Battery Market Size and Volume Forecast by Type
13.7.1. 2V
13.7.2. 12V & 6V
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 Gel Battery Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Gel Battery Market: Market Share Analysis
14.2. Gel Battery Distributors and Customers
14.3. Gel Battery Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Exide Technologies
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Enersys
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. VISION
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Shoto
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Sacred Sun
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. FIAMM
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. HUAFU
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Hoppecke
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. DYNAVOLT
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. LEOCH
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Coslight
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. BSB Power
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Wolong Electric
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. XUNZEL
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. UPSEN Electric
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. SEC
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Fusion
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
