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Gel Battery Market to Register Unwavering Growth During To 2027
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gel battery market
The gel battery market is expected to grow, owing to numerous factors such as cost effective, ease of recyclability, and others.
WILMINGTON, DE , UNITED STATES, February 12, 2024 /EINPresswire.com/ -- The gel battery market size was valued at $1.8 billion in 2019, and is projected to reach $2.6 billion by 2027, growing at a CAGR of 4.2% from 2020 to 2027.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ฐ๐ข๐ญ๐ก ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:
https://www.alliedmarketresearch.com/request-sample/A06523
The gel battery contains a predetermined amount of electrolyte, which includes sulphuric acid and silica fumes. It falls under the category of valve regulated lead acid (VRLA) batteries and finds applications in various fields like electrification, hybrid power systems, navigational aids, mobile phones, motorcycles, camcorders, marine equipment, and more.
The growth of the gel battery market is fueled by its widespread use in areas such as telecommunication, uninterrupted power supply (UPS), and other sectors. This is attributed to its advantageous features, including low maintenance, leak-proof design, high compatibility with sensitive electronic devices, cost-effectiveness per month, and others. However, challenges such as high initial costs and the need for specialized chargers and regulators are expected to impede the market's growth.
๐๐๐ฅ ๐๐๐ญ๐ญ๐๐ซ๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ
๐๐ฒ ๐๐ฒ๐ฉ๐
โข 2V
โข 6V
โข 12V
๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
โข Electric Mobility
โข Energy Storage & Distribution
โข Telecommunication
โข Others
๐๐ฎ๐ฒ ๐๐จ๐ฐ & ๐๐๐ญ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ ๐๐ง ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ:
https://www.alliedmarketresearch.com/checkout-final/c44e8c1e0f33a9f436601c8c5be2e2bf
Based on the battery type, the 12V gel battery holds the largest market share, accounting for 43.8% in 2019. This dominance is driven by its widespread use in various sectors such as renewable energy, telecommunications, broadband, and others. Its popularity in these areas is due to its advantageous features such as prolonged retention time, extended service life, ease of handling, no need for distilled water addition, among others.
Regarding applications, the energy storage & distribution segment is poised for rapid growth, expected to achieve a CAGR of 4.6%. This growth is fueled by increasing demand from the energy sector in developing regions. Gel battery adoption for energy storage & distribution in Asia-Pacific and LAMEA regions is projected to grow at CAGRs of 4.7% and 6.3%, respectively, from 2020 to 2027.
In terms of regions, Asia-Pacific commands the largest market share, capturing 39.9% in 2019. This dominance is attributed to the region's substantial consumer base, presence of key manufacturing playersโparticularly in countries like Chinaโand the burgeoning telecommunication and energy sectors, which collectively bolster the gel battery market's growth.
๐๐ ๐ฒ๐จ๐ฎ ๐ก๐๐ฏ๐ ๐๐ง๐ฒ ๐ช๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ, ๐๐ฅ๐๐๐ฌ๐ ๐๐๐๐ฅ ๐๐ซ๐๐ ๐ญ๐จ ๐๐จ๐ง๐ญ๐๐๐ญ ๐จ๐ฎ๐ซ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ ๐๐ญ:
https://www.alliedmarketresearch.com/connect-to-analyst/A06523
๐๐๐ฒ ๐ ๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐ญ๐ฎ๐๐ฒ:
โข The gel battery market is analyzed from 2019 to 2027
โข Depending on the type, the12V batterysegment is projected to grow at aCAGR of nearly 4.3%, in terms of revenue, during the forecast period
โข Region wise, North America is expected to register aCAGR of nearly 3.4%, in terms of revenue, in the coming future
โข By application, the energy & distribution segment is estimated to exhibit aCAGR of 4.6%, in terms of revenue
โข Asia-Pacific dominated the gel battery market with a share of over 39.9% in 2019, in terms of revenue
โข A comprehensive analysis of the factors that drive and restrain the market growth is provided in the report
โข The qualitative data in this report aims at the market dynamics, gel battery market trends, and developments in the industry
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
The Gel Battery Industry's key market players adopt various strategies such as product launches, product development, collaboration, partnership, and agreements to influence the market. It includes details about the key players in the market's strengths, product portfolio, market size and share analysis, operational results, and market positioning.
๐๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
โข Vision Group
โข JYC Battery Manufacturing Co. Ltd.
โข Exide Technologies
โข Power Sonic Corporation
โข Canbat Technologies Inc.
โข Storage Battery Systems
โข LLC
โข B.B. TECH (Changsha) Co. Ltd.
โข BSB Power Company Limited.
โข Leoch International Technology Limited Inc.
โข C&D Technologies, Inc.
David Correa
Allied Market Research
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