The global gel battery market got valued at $1.8 billion in 2019, and is predicted to touch $2.6 billion by 2028, at a CAGR of 4.2% from 2020 to 2028. The word gel in the 'Gel Battery' cites the presence of electrolyte which is in the suspended form. The silica in the electrolyte causes the electrolyte in the gel form to set up or stiffen inside the battery.
MARKET DYNAMICS
The gel battery market is anticipated to expand, considering numerous factors such as cost effectiveness, ease of recycling and others. Cost of gel battery is the one main factor which outperforms other batteries in competition. But, presence and availability of alternative batteries can hinder the market growth.
MARKET SCOPE
The "Global Gel Battery Market Analysis to 2028" is a specialized and in-depth study of the gel battery market with a special focus on the global market trend analysis. The report aims to provide an overview of gel battery market with detailed market segmentation by type, voltage, end user and geography. The global gel battery market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading gel battery market players and offers key trends and opportunities in the gel battery market.
MARKET SEGMENTATION
The global gel battery market is segmented on the basis of type, voltage and end user. On the basis of type, the market is segmented as stationary and motive. On the basis of voltage, the market is segmented as 2- 4 Volts, 6- 8 Volts, 12 Volts and above. On the basis of end user, the market is segmented as Aftermarket, Energy Storage, Industrial, Motor Vehicle, Motorcycle, OEM, UPS, Electric mobility and telecommunication.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global gel battery market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The gel battery market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report also includes the profiles affecting gel battery market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the gel battery market in these regions.
MARKET PLAYERS
The reports cover key developments in the gel battery market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from gel battery market are anticipated to lucrative growth opportunities in the future with the rising demand for gel battery market. Below mentioned is the list of few companies engaged in the gel battery market.
The report also includes the profiles of key gel battery market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- BSB Power Company Limited.
- C&D TECHNOLOGIES, INC.
- East Penn Manufacturing Company
- ENERSYS
- Exide Technologies
- Fullriver Battery
- leoch International Technology Limited Inc.
- Power Sonic Corporation
- Storage Battery Systems, LLC
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.