Gel Battery Market: Current Analysis and Forecast (2022-2028)

Gel Battery Market: Current Analysis and Forecast (2022-2028)

A Gel Battery, also known as a gel cell, is a type of lead-acid battery that uses a gel-like electrolyte instead of a liquid electrolyte. The gel electrolyte is a silica-based gel that immobilizes the electrolyte solution, preventing it from spilling even if the battery is turned upside down. This makes gel batteries safer to handle and transport than traditional lead-acid batteries. Gel batteries are often used in applications where a high level of reliability and safety is required, such as in backup power systems, uninterruptible power supplies (UPS), and emergency lighting systems. They are also commonly used in renewable energy systems, such as solar and wind power systems because they can withstand deep discharges and provide a consistent level of performance over a long period of time. Compared to traditional lead-acid batteries, gel batteries have a longer service life, are more resistant to vibration and shock, and require less maintenance. However, they are typically more expensive and have a lower charging efficiency.

The Gel Battery Market is expected to grow at a strong CAGR of 5% during the forecast period owing to the increasing adoption in the telecommunication industry and medical industry along with the growing application in the electric vehicle, marine application, and industrial applications. Moreover, Gel batteries are often used in off-grid and remote power applications, such as solar and wind energy systems, where they store energy generated by renewable sources. As the use of renewable energy grows, so does the demand for gel batteries.

• Based on type, the market is segmented into 2V, 6V, and 12V. The 12V segment is expected to hold a significant market share during the forecast period. The demand for 12V Gel batteries has been growing in recent years due to their advantages over other battery types. These batteries are commonly used in a variety of applications, including renewable energy systems, backup power supplies, and recreational vehicles. The 12V Gel batteries are popular due to their maintenance-free operation, long lifespan, deep cycle performance, and safety features. As more people turn to renewable energy sources and require reliable backup power, the demand for 12V Gel batteries is expected to continue growing. Additionally, advancements in technology and increased manufacturing efficiency are making these batteries more affordable, further driving their demand.
• On the basis of application, the market is segmented into energy storage & distribution, electric mobility, telecommunication, and others. The storage & distribution segment is expected to register a higher CAGR during the forecast period owing to their superior performance and reliability compared to other types of batteries. Gel batteries use a gel electrolyte instead of a liquid one, which makes them more resistant to vibration and temperature changes. This makes them ideal for use in environments where traditional batteries cannot operate effectively.
• For a better understanding of the market adoption of the gel battery industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, UK, France, Spain, and the Rest of Europe), Asia-Pacific (China, Japan, India and the Rest of Asia-Pacific) and Rest of World. Asia-Pacific dominated the gel battery market in 2021. One of the key factors driving the demand for Gel batteries in Asia Pacific is the increasing adoption of renewable energy sources such as solar and wind power. Gel batteries are well-suited for use in these applications because they are able to provide a steady supply of power over an extended period of time. Furthermore, the increasing demand for electric vehicles (EVs) in the Asia Pacific is also driving the demand for Gel batteries. Gel batteries are commonly used in EVs because they are lightweight, have a high energy density, and can be charged and discharged quickly. As the adoption of EVs continues to increase in the region, the demand for Gel batteries is expected to rise as well.
• Some of the major players operating in the market include Exide Technologies, JYC Battery Manufacturer Co. Ltd., Power Sonic Corporation, Canbat Technologies Inc., B.B. Battery, C&D Technologies, Inc., Leoch International Technology Limited Inc., Vision Group, BSB Power Company Limited, and Exponential Power