VRLA Battery Market Size By Application (Stationary {Telecommunications, UPS, Control & Switchgear}, Motive, SLI {Automobiles, Motorcycles}), By Technology (AGM, GEL), By Sales Channel (OEM, Aftermarket) & Forecast, 2023 - 2032

VRLA Battery Market Size By Application (Stationary {Telecommunications, UPS, Control & Switchgear}, Motive, SLI {Automobiles, Motorcycles}), By Technology (AGM, GEL), By Sales Channel (OEM, Aftermarket) & Forecast, 2023 - 2032

Global VRLA Battery Market is anticipated to accrue notable gains through 2032 on account of the expanding automotive industry. VRLA batteries have a high-capacity range, do not require periodic water refilling, and have a longer life span, which makes them ideal for deep discharge applications in electric vehicles. Many governments across the globe are investing heavily in expanding battery manufacturing capabilities for electric vehicles, which is expected to spur industry growth. Citing an instance, in January 2023, the U.S. Department of Energy announced an investment of over USD 42 million for 12 projects to strengthen domestic supply chains for advanced EV batteries.

Overall, the VRLA battery market is segmented based on application, technology, sales channel, and region.

With respect to application, the VRLA battery market from the motive segment accounted for over 6% market share in 2022. Given their ability to discharge deeper than AGM batteries, the gel VRLA batteries are used to perform cycling operations such as mobility scooters, wheelchairs, marine trolling motors, and other backup applications. The growing demand for mobility scooters is likely to create a substantial impetus for segment expansion.

Based on technology, the VRLA battery industry from the AGM segment is slated to grow at over substantial CAGR from 2023 to 2032. AGM batteries have high energy densities, faster recharge times, and high recharge rates, which makes them suitable for EV applications. Surging sales of electric vehicles have bolstered the demand for AGM VRLA batteries. As per International Energy Agency, in 2021, the sales of electric cars achieved a two-fold growth, reaching 6.6 million units as compared to 2020.

In terms of sales channel, the VRLA battery market from the OEM segment is poised to garner significant gains through 2032 on account of the growing demand for automobiles. As per the European Automobile Manufacturers’ Association, in January 2023, the passenger car market in the European Union grew by 11.3%. Moreover, OEM lead acid batteries find widespread usage across the automotive sector as the main energy source for EVs such as electric scooters, golf carts, etc.

On the regional front, the North America VRLA battery market is expected to record a valuation of over USD 3 billion by 2032, owing to a strong presence of major industry leaders such as EnerSys, C & D Technologies, and others who are engaged in product innovations. For instance, in July 2022, C & D Technologies, a Pennsylvania-based storage battery manufacturer, announced the launch of Pure Lead Plus VRLA battery to improve backup power for data center applications.