About Gel Battery
A gel battery is a valve regulated, maintenance free, lead acid battery in which a pre-determined quantity of an electrolyte, together with sulphuric acid is combined with silica fumes. These type of batteries are extremely robust and versatile. It produce few fumes and can be used in places without much ventilation. Furthermore, gel battery allows the internal gasses to recombine into water as they uses one-way open valves, hence eliminating any need to check to top up distilled water or monitor water level. The compatibility with sensitive electronic equipment and requirement of continuous power supply and power storage are the major factors fueling the market growth.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States and Chinese Manufacturers will contribute the maximum growth to Global Gel Battery market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
EXIDE (India), Enersys (United States), Vision Battery (China), Sacred Sun (China), FIAMM (Italy), Huafu Energy Storage (China), Hoppecke (Germany), LEOCH (Hong Kong), Coslight India Telecom Pvt. Ltd. (India) and C&D Technologies (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are East Penn (United States) and Trojan Battery Company (United States).
Segmentation Overview
AMA Research has segmented the market of Global Gel Battery market by Type (2V, 12V and 6V), Application (Cell Phones, Camcorders, Motorcycles and Marine Equipment) and Region.
On the basis of geography, the market of Gel Battery has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Direct Sales will boost the Gel Battery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Power will boost the Gel Battery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Requirement of Continuous Power Supply and Power Storage
Market Growth Drivers:
Require Low Maintenance and Provide Longer Quality Services and Compatible With Sensitive Electronic Equipment
Challenges:
Increasing Threat of Alternatives
Restraints:
High Initial Cost
Opportunities:
Favorable Government Regulations for Battery Recycling
Market Leaders and their expansionary development strategies
In September 2023, GS Yuasa and Panasonic announced a collaboration to develop and commercialize next-generation lithium-ion batteries for motorcycles. While not directly related to gel batteries, it indicates collaboration within the broader battery industry.
In January 2023, Trojan Battery launched its Reliant AGM series, a line of Absorbent Glass Mat (AGM) batteries designed for deep-cycle applications. While not strictly gel batteries, AGM batteries share similar characteristics and may be seen as an alternative or complementary product by some users.
Key Target Audience
Manufacturers of GEL Battery, Suppliers of GEL Battery Parts, Wholesalers, Distributers and Retailers of GEL Battery, Power Industry, Governmental Bodies and Research Firms
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.