Market Overview:
The global maintenance free battery market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric vehicles and renewable energy sources, coupled with the rising concerns over climate change. In terms of type, the absorbed glass mat battery segment is expected to lead the market during the forecast period, owing to its high efficiency and low maintenance requirements. In terms of application, the automotive industry segment is expected to lead the market duringthe forecast period, followed by telecommunications and electricity industries.
Product Definition:
Maintenance free battery is a battery that does not require any water or electrolyte level checking. It is sealed and does not allow any gas to escape.
Absorbed Glass Mat Battery:
The global absorbed glass mat battery market size was valued at USD 2.5 billion in 2015 and is expected to witness significant growth over the forecast period owing to its rising usage in consumer electronic products such as computers, laptops, mobile phones, digital cameras and tablets. The industry is projected to grow at a CAGR of XX% from 2016-2021.
Gel Battery:
Gel battery is a rechargeable lead acid battery that uses gel as electrolyte. It has low self-discharge, high specific energy, and excellent thermal properties. These batteries are maintenance free and do not require any water addition during its usage. The major advantage of this type of battery is that it can be recharged by immersion in an electrolytic solution or by exposure to air with no loss of capacity.
Application Insights:
Automotive was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. The growing automotive industry, particularly in countries like China, India and Japan is anticipated to have a positive impact on market growth. Furthermore, increasing sales of electric vehicles are projected to augment demand for maintenance free batteries during the forecast period.
Telecommunication industry also accounted for significant share owing to rising demand from wireless communication devices such as smartphones and tablet computers among other communication equipment such as cordless phones and pagers. In addition, these products are used in residential areas including hotels, hospitals along with industrial sites including offices where there is constant power requirement without any source of power supply interruptions or failures due to natural disasters or acts of God like earthquakes etcetera which further boosts their utilization rate across various end-use industries globally thereby propelling overall market growth over the coming years.
Regional Analysis:
The market in North America is expected to grow at a significant rate over the forecast period. The growth can be attributed to increasing demand for energy storage batteries across various applications such as industrial, marine and UPS. In addition, presence of key manufacturers such as Exide, Johnson Controls and Odyssey in the region will fuel market growth over the next eight years.
Asia Pacific is anticipated to witness high demand for maintenance free batteries due to growing usage of these batteries across industries including automotive, power generation and others. Rapidly expanding telecommunication industry coupled with rising need for replacement or spare parts from mobile phones will drive this regional market further. Europe was valued at USD X million in 2017 owing to increased use of AGM battery systems that offer long life span with low maintenance cost per system compared to other technologies used by manufacturers within this region. Presence of major automobile manufactures including Volkswagen Group; BMW Group; Daimler AG; Ford Motor Company Limited.
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 will lead to an increase in the demand for maintenance free batteries, as they are used in electric vehicles.
- Growing popularity of solar energy: Solar energy is becoming increasingly popular due to its environmental benefits and cost-effectiveness. This is likely to lead to an increase in the demand for maintenance free batteries, as they are used in solar power systems.
- Rising investment in renewable energy: Renewable energy sources such as wind and solar are becoming more popular due to their environmental benefits and falling costs of installation and operation. This is likely to result in increased investment in these technologies, which will drive the growth of the maintenance free battery market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Maintenance Free Battery Market Research Report
By Type
Absorbed Glass Mat Battery, Gel Battery, Sealed VR Wet Cell Battery, Others
By Application
Automotive Industry, Telecommunications Industry, Electricity Industry, Others
By Companies
Clarios, GS Yuasa, MCA, Power-Sonic Europe, Southern Battery, Exide Technologies, Hitachi Chemical, Camel Group, Panasonic, Vision Battery, SBS Battery, Fiamm, Sebang, Atlas BX, CSIC Power, East Penn, Banner Batteries, Chuanxi Storage, 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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Maintenance Free Battery Market Report Segments:
The global Maintenance Free Battery market is segmented on the basis of:
Types
Absorbed Glass Mat Battery, Gel Battery, Sealed VR Wet Cell Battery, Others
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
Automotive Industry, Telecommunications Industry, Electricity Industry, Others
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:
- Clarios
- GS Yuasa
- MCA
- Power-Sonic Europe
- Southern Battery
- Exide Technologies
- Hitachi Chemical
- Camel Group
- Panasonic
- Vision Battery
- SBS Battery
- Fiamm
- Sebang
- Atlas BX
- CSIC Power
- East Penn
- Banner Batteries
- Chuanxi Storage
- Ruiyu Battery
- Amara Raja
Highlights of The Maintenance Free 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:
- Absorbed Glass Mat Battery
- Gel Battery
- Sealed VR Wet Cell Battery
- Others
- By Application:
- Automotive Industry
- Telecommunications Industry
- Electricity Industry
- Others
- 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 Maintenance Free 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.
How you may use our products:
- 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?
A maintenance-free battery is a type of battery that does not require periodic charging.
Some of the major players in the maintenance free battery market are Clarios, GS Yuasa, MCA, Power-Sonic Europe, Southern Battery, Exide Technologies, Hitachi Chemical, Camel Group, Panasonic, Vision Battery, SBS Battery, Fiamm, Sebang, Atlas BX, CSIC Power, East Penn, Banner Batteries, Chuanxi Storage, Ruiyu Battery, Amara Raja.
The maintenance free battery market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Maintenance Free 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. Maintenance Free Battery Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Maintenance Free Battery Market - Supply Chain
4.5. Global Maintenance Free Battery Market Forecast
4.5.1. Maintenance Free Battery Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Maintenance Free Battery Market Size (000 Units) and Y-o-Y Growth
4.5.3. Maintenance Free Battery Market Absolute $ Opportunity
5. Global Maintenance Free 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. Maintenance Free Battery Market Size and Volume Forecast by Type
5.3.1. Absorbed Glass Mat Battery
5.3.2. Gel Battery
5.3.3. Sealed VR Wet Cell Battery
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Maintenance Free 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. Maintenance Free Battery Market Size and Volume Forecast by Application
6.3.1. Automotive Industry
6.3.2. Telecommunications Industry
6.3.3. Electricity Industry
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Maintenance Free 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. Maintenance Free 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 Maintenance Free 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. Maintenance Free 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 Maintenance Free Battery Demand Share Forecast, 2019-2026
9. North America Maintenance Free 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 Maintenance Free 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 Maintenance Free Battery Market Size and Volume Forecast by Application
9.4.1. Automotive Industry
9.4.2. Telecommunications Industry
9.4.3. Electricity Industry
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Maintenance Free Battery Market Size and Volume Forecast by Type
9.7.1. Absorbed Glass Mat Battery
9.7.2. Gel Battery
9.7.3. Sealed VR Wet Cell Battery
9.7.4. Others
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 Maintenance Free Battery Demand Share Forecast, 2019-2026
10. Latin America Maintenance Free 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 Maintenance Free 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 Maintenance Free Battery Market Size and Volume Forecast by Application
10.4.1. Automotive Industry
10.4.2. Telecommunications Industry
10.4.3. Electricity Industry
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Maintenance Free Battery Market Size and Volume Forecast by Type
10.7.1. Absorbed Glass Mat Battery
10.7.2. Gel Battery
10.7.3. Sealed VR Wet Cell Battery
10.7.4. Others
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 Maintenance Free Battery Demand Share Forecast, 2019-2026
11. Europe Maintenance Free 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 Maintenance Free 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 Maintenance Free Battery Market Size and Volume Forecast by Application
11.4.1. Automotive Industry
11.4.2. Telecommunications Industry
11.4.3. Electricity Industry
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Maintenance Free Battery Market Size and Volume Forecast by Type
11.7.1. Absorbed Glass Mat Battery
11.7.2. Gel Battery
11.7.3. ealed VR Wet Cell Battery
11.7.4. Others
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 Maintenance Free Battery Demand Share, 2019-2026
12. Asia Pacific Maintenance Free 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 Maintenance Free 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 Maintenance Free Battery Market Size and Volume Forecast by Application
12.4.1. Automotive Industry
12.4.2. Telecommunications Industry
12.4.3. Electricity Industry
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Maintenance Free Battery Market Size and Volume Forecast by Type
12.7.1. Absorbed Glass Mat Battery
12.7.2. Gel Battery
12.7.3. Sealed VR Wet Cell Battery
12.7.4. Others
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 Maintenance Free Battery Demand Share, 2019-2026
13. Middle East & Africa Maintenance Free 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 Maintenance Free 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 Maintenance Free Battery Market Size and Volume Forecast by Application
13.4.1. Automotive Industry
13.4.2. Telecommunications Industry
13.4.3. Electricity Industry
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Maintenance Free Battery Market Size and Volume Forecast by Type
13.7.1. Absorbed Glass Mat Battery
13.7.2. Gel Battery
13.7.3. Sealed VR Wet Cell Battery
13.7.4. Others
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 Maintenance Free Battery Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Maintenance Free Battery Market: Market Share Analysis
14.2. Maintenance Free Battery Distributors and Customers
14.3. Maintenance Free Battery Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Clarios
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. MCA
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Power-Sonic Europe
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Southern Battery
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Exide Technologies
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Hitachi Chemical
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Camel Group
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Panasonic
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Vision Battery
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. SBS Battery
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Fiamm
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Sebang
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Atlas BX
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. CSIC Power
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. East Penn
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Banner Batteries
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Chuanxi Storage
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Ruiyu Battery
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Amara Raja
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
