February 23rd, 2022
According to the latest report by IMARC Group, titled “Gel Battery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the gel battery market to reach US$ 2.63 Billion by 2027, exhibiting at a CAGR of 4.2% during 2022-2027.
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.
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.
Gel Battery 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.
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Gel Battery Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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 and Vision Group.
The report has segmented the market on the basis on region, type, distribution channel, application.
Breakup by Type:
Breakup by Distribution Channel:
Breakup by Application:
Energy Storage and Distribution
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
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Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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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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