| 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 type of valve-regulated lead-acid battery that employs a jellied electrolyte containing silica to stiffen the battery. It is suitable for deep-cycle applications and can be used in areas without ventilation. It is maintenance-free and has excellent vibration resistance. In addition, it requires a lower recharge voltage and is sensitive to over-charging. Moreover, it provides improved safety due to a lower risk of sulphuric acid burns, greater shock resistance, and a low rate of evaporation. As a result, gel batteries are employed in motorcycles, high-end cars, cell phones, marine equipment, camcorders, solar systems, sailboats, marine trolling, uninterruptible power systems (UPS), and emergency lighting across the globe. For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/gel-battery-market/requestsample Gel Battery Market Trends and Drivers: The market is primarily driven by the expanding energy storage and distribution sector. In addition, the increasing product use in energy storage devices in off-grid solar photovoltaic (PV) systems and the escalating demand for solar power devices to offer backup during power outages in remote areas are contributing to the market growth. Moreover, the growing environmental awareness and rising pollution levels due to fuel-based vehicles are accelerating the use of gel batteries in electric vehicles (EVs), aircraft, and public transportation, representing another major growth-inducing factor. Besides this, several governments are taking initiatives to promote the use of renewable energy sources through incentives, tax credits, and price concessions on solar panel components propelling the market growth. Furthermore, the extensive product demand in the healthcare sector for producing electric wheelchairs and ventilators and the surging demand for electric wheelchairs due to the growing geriatric population prone to orthopedic conditions and neurological disorders are creating a positive market outlook. Report Segmentation: The report has segmented the market into the following categories: Breakup by Type: 2V 6V 12V Breakup by Distribution Channel: Online Offline Breakup by Application: Electric Mobility Energy Storage and Distribution Telecommunication Others Market 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 If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization. About Us 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. Contact US IMARC Group Email: sales@imarcgroup.com USA: +1-631-791-1145 | Asia: +91-120-433-0800 Address: 134 N 4th St. Brooklyn, NY 11249, USA Follow us on Twitter: @imarcglobal |
Gel Battery Market Size, Trends, Demand and Forecast 2023-2028
