Gel Battery Market Status (2016-2020) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2021-2027
Report Description
The global gel battery market size was valued at USD 2,069.5 Million in 2020 and is projected to reach USD 2,900.1 Million by 2027 growing at a CAGR of 4.5% from 2021 to 2027.
The primary factors, driving the worldwide gel battery market growth, are technological advancements and continuous innovations in the testing methods used for drug screening and testing, and rigorous investments by major market players in research activities.
Market Dynamics
The growing popularity of gel battery due to its usage in a wide range of applications, such as marine trolling, solar systems, electric vehicles, golf cars, sailboats, uninterrupted power systems (UPS), emergency lighting, and others are the factors expected to propel the global gel battery market share and size during the analysis timeframe. In addition, the greatest advantages of gel batteries include high capacity at increased temperatures, preventing burns and chemical defaults occurring through the usage of sulfuric acid in batteries, and sand pill proof. All these advantages have contributed to the advanced growth of the gel battery market across various industry variables. Moreover, the increase in recycling of batteries and improved global surge and importance on the eco-friendly techniques of lead battery maintenance have improved the application and usage capacity of gel batteries. However, the availability of alternative battery sources and the slow charging disadvantage of gel batteries are expected to hamper the growth of this market thereby acting as prime limitations.
Regional Overview
The gel battery market in the Asia-Pacific region is considered to be the highest and most significantly growing market. The companies in the Asia-Pacific region are heavily investing in the application of electric grid mobility, which is working with advanced effectiveness due to the increasing adoption of gel batteries and a further increase in maintenance options for such batteries. The growing number of market manufacturers in the gel battery industry in the region is also expected to fuel the growth of the gel battery market, thereby advancing consumer interests and allowing the markets to expand. Moreover, many countries such as U.S. and others are dependent on Asian countries and other trading partners for their battery supply.
Segment Overview
The gel battery market has been fragmented based on various segments such as type and application. Based on the type, the 12V segment is anticipated to dominate in terms of market share in the global syngas market. By application, the energy storage & distribution segment is projected to account for the largest market share during the forecast period.
Competitive Landscape
The growing number of battery manufacturers is significantly increasing the stock of gel batteries in the market. In 2018, Japan and India, through an active collaboration policy took steps towards implementing operational dialogue for the production of next-generation zero-emission vehicles. It was considered to be a major step towards the process of advocating clean energy vehicles that would induce environmental and ecological balance and would also preserve the efficacy of lead-acid based batteries. This collaboration was responsible for many companies adopting gel batteries for the production of electrically charged vehicles and launching them in the market.
The gel battery market is highly competitive owing to the presence of international as well as local players. Major players in the industry are engaging in various strategies, such as merger & acquisition, technological advancements, novel product launches, and partnerships to hold strong in the market.
Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products, etc.):
- C&D Technologies Inc.
- Canbat Technologies Inc.
- Leoch International Technology Ltd.
- JYC Battery Manufacturing Co. Ltd.
- B.B.Tech (Changsha) Co., Ltd.
- Vision Group
- Exide Technologies
- BSB Power Company Limited
- Leoch International Technology Limited Inc.
- Power-Sonic Corporation
- Storage Battery Systems LLC
- Exponential Power
- Canbat Technologies Inc.
- Exponential Power
- EnerSys
- SHOTO
Type Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- 12V
- 6V
- 2V
Application Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Telecommunication
- Electric Mobility
- Oil & Gas
- Energy Storage & Distribution
- Others
Region Coverage (Regional Consumption, Demand & Forecast by Countries, etc.):
- North America (U.S., and Canada)
- Europe (Germany, U.K., France, Italy, Spain, etc.)
- Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
- South America (Brazil, Mexico, Argentina, etc.)
- Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa, etc.)
Table Of Content
TABLE OF CONTENT
1. Gel Battery Market Overview
1.1. Product Overview and Scope of Gel Battery
1.2. Global Market Growth Prospects and Revenue Estimates
1.3. Global Gel Battery Market Size Growth Rate Analysis by Type 2020 VS 2027
1.3.1. 12V
1.3.2. 6V
1.3.3. 2V
1.4. Global Gel Battery Consumption Comparison by Application: 2020 VS 2027
1.4.1. Telecommunication
1.4.2. Electric Mobility
1.4.3. Oil & Gas
1.4.4. Energy Storage & Distribution
1.4.5. Others
1.5. Global Gel Battery Market Size Estimates and Forecasts by Region: 2020 VS 2027
1.5.1. North America Gel Battery Estimates
1.5.2. Europe Gel Battery Estimates
1.5.3. China Gel Battery Estimates
1.5.4. Japan Gel Battery Estimates
2. Market Competition by Manufacturers
2.1. Global Gel Battery Revenue Market Share by Manufacturers (2020)
2.2. Gel Battery Market Share by Company Application(Tier 1, Tier 2 and Tier 3)
2.3. Global Gel Battery Average Price by Manufacturers (2016-2021)
2.4. Manufacturers Gel Battery Production Sites, Area Served, Types
2.5. Gel Battery Market Competitive Situation and Trends
2.5.1. Gel Battery Market Concentration Rate
2.5.2. Mergers & Acquisitions, Expansion
3. Global Gel Battery Consumption by Region (2016-2021)
3.1. Global Gel Battery Consumption by Region
3.2. Global Gel Battery Consumption Market Share by Region
3.2.1. North America
3.2.2. North America Gel Battery Consumption Growth Rate (2016-2021)
3.2.3. North America Gel Battery Consumption, Price and Gross Margin (2016-2021)
3.2.4. North America Gel Battery Consumption by Country
3.2.4.1. U.S.
3.2.4.2. Canada
3.2.5. Europe
3.2.6. Europe Gel Battery Consumption Growth Rate (2016-2021)
3.2.7. Europe Gel Battery Consumption, Price and Gross Margin (2016-2021)
3.2.8. Europe Gel Battery Consumption by Country
3.2.8.1. Germany
3.2.8.2. U.K.
3.2.8.3. France
3.2.8.4. Italy
3.2.8.5. Spain
3.2.9. Asia Pacific
3.2.10. Asia Pacific Gel Battery Consumption Growth Rate (2016-2021)
3.2.11. Asia Pacific Gel Battery Consumption, Price and Gross Margin (2016-2021)
3.2.12. Asia Pacific Gel Battery Consumption by Country
3.2.12.1. China
3.2.12.2. India
3.2.12.3. Japan
3.2.12.4. Indonesia
3.2.12.5. Malaysia
3.2.12.6. Australia
3.2.12.7. South Korea
3.2.13. South America
3.2.14. South America Gel Battery Consumption Growth Rate (2016-2021)
3.2.15. South America Gel Battery Consumption, Price and Gross Margin (2016-2021)
3.2.16. South America Gel Battery Consumption by Country
3.2.16.1. Brazil
3.2.16.2. Mexico
3.2.16.3. Argentina
3.2.17. Middle East and Africa
3.2.18. Middle East and Africa Gel Battery Consumption Growth Rate (2016-2021)
3.2.19. Middle East and Africa Gel Battery Consumption, Price and Gross Margin (2016-2021)
3.2.20. Middle East and Africa Gel Battery Consumption by Country
3.2.20.1. Saudi Arabia
3.2.20.2. Kuwait
3.2.20.3. UAE
3.2.20.4. South Africa
4. Global Gel Battery Consumption by Type(2016-2021)
4.1. Global Gel Battery Price by Type(2016-2021)
4.2. Global Gel Battery Revenue Market Share by Type(2016-2021)
4.2.1. 12V
4.2.2. 6V
4.2.3. 2V
5. Global Gel Battery Consumption by Application(2016-2021)
5.1. Global Gel Battery Price by Application(2016-2021)
5.2. Global Gel Battery Revenue Market Share by Application(2016-2021)
5.2.1. Telecommunication
5.2.2. Electric Mobility
5.2.3. Oil & Gas
5.2.4. Energy Storage & Distribution
5.2.5. Others
6. Key Companies Profiled
6.1. C&D Technologies Inc.
6.1.1. C&D Technologies Inc. Gel Battery Corporation Information
6.1.2. C&D Technologies Inc. Gel Battery Product Portfolio
6.1.3. C&D Technologies Inc. Gel Battery Consumption, Price and Gross Margin (2016-2021)
6.1.4. C&D Technologies Inc. Main Business and Markets Served
6.1.5. C&D Technologies Inc. Recent Developments/Updates
6.2. Canbat Technologies Inc.
6.3. Leoch International Technology Ltd.
6.4. JYC Battery Manufacturing Co. Ltd.
6.5. B.B.Tech (Changsha) Co., Ltd.
6.6. Vision Group
6.7. Exide Technologies
6.8. BSB Power Company Limited
6.9. Leoch International Technology Limited Inc.
6.10. Power-Sonic Corporation
6.11. Storage Battery Systems LLC
6.12. Exponential Power
6.13. Canbat Technologies Inc.
6.14. Exponential Power
6.15. EnerSys
6.16. SHOTO
7. Marketing Channel, Distributors, and Customers
7.1. Marketing Channel
7.2. Gel Battery Distributors List
7.3. Gel Battery Customers
8. Market Dynamics
8.1. Gel Battery Industry Trends
8.2. Gel Battery Growth Drivers
8.3. Gel Battery Market Challenges
8.4. Gel Battery Market Restraints
9. Global Gel Battery Consumption and Demand Forecast, by Region (2022-2027)
9.1. Global Forecasted Demand Analysis of Gel Battery, by Regions and Country
9.1.1. North America Forecasted Consumption of Gel Battery by Country
9.1.2. Europe Market Forecasted Consumption of Gel Battery by Country
9.1.3. Asia Pacific Market Forecasted Consumption of Gel Battery by Region
9.1.4. Latin America Forecasted Consumption of Gel Battery by Country
9.1.5. Middle East and Africa Forecasted Consumption of Gel Battery by Country
10. Global Gel Battery Consumption and Demand Forecast, by Device Segments (2022-2027)
10.1. Global Forecasted Consumption of Gel Battery by Device Segments (2022-2027)
10.2. Global Consumption and Price Forecast by Device Segments (2022-2027)
10.3. Global Forecasted Growth Rate of Gel Battery by Device Segments (2022-2027)
11. Research Finding and Conclusion
12. Methodology and Data Source
12.1. Methodology/Research Approach
12.1.1. Research Programs/Application
12.1.2. Market Size Estimation
12.1.3. Market Breakdown and Data Triangulation
12.2. Data Source
12.2.1. Secondary Sources
12.2.2. Primary Sources
12.3. Author List
12.4. Disclaimer
Research Methodology
Our research studies are primarily performed in five phases which include Secondary Research, Primary Research, Subject Matter Expert Advice, Quality Check, and Final Review. The process opted for conducting thorough research to make authentic business reports is briefly described below-
Secondary Research-
- Based on the understanding of requirements, we conducted secondary research to identify the Segment specifications, qualitative and quantitative data along with the factors responsible for the growth of the market.
- The secondary sources referred for the study include press releases, company annual reports, and research papers related to the industry.
- Various sources such as industry magazines, trade journals, government websites, and associations were also reviewed for gathering precise analysis on opportunities for business expansions in the market.
- Moreover, quantitative as well as qualitative data were also extracted from paid databases, which included Reuters, Factiva, Bloomberg, One Source, and Hoovers, which proved to be useful for in-depth technical study of the market.
Primary Research-
- The research carried out during the desk research was verified by primary interviews. Primary research was scheduled with a number of industry experts for conducting telephonic interviews, and also our team send questionnaires through their official emails.
- The secondary data collected was then verified by various industry participants which included Segment managers, marketing managers, VPs, CEOs, purchasing managers, subject matter experts.
- An interview with the mentioned participants aids invalidation of our research findings regarding the Segment.
- It helps in the provision of first-hand data on factors such as market size, growth, regional trends, market trends, and competition in the industry. This approach makes our findings precise in order to help our clients in strategic decision-making processes.
Subject Matter Advice-
- The secondary and primary research key findings were then validated by the in-house subject matter experts having extensive experience in the market research industry.
- Specific requirements of the clients were reviewed by the experts to check for completion of the market study. Experts help in channelizing the representation skills of the analyst in terms of providing data that can be easily understood by our customers.
Quality Check-
- The analysis done by the research team was further reviewed to check for data accuracy provided to suit the clients’ specific requirements.
- This revision was done in various phases to check the data authenticity and to remove negligible errors in the final compilation.
Final Review-
- After the quality check, a final review of the report was done to look after the presentation, formatting, and to recheck if all the requirements of the clients were addressed. The next phase remains dispatch of the report to the client.
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