What is VRLA Battery Market?
(VRLA) battery, short for Valve-Regulated Lead-Acid Battery is also known as sealed or maintenance-free batteries. VRLA batteries are considered "maintenance free" because they require no addition of electrolyte or water. The design is such that electrolyte is captive, preventing it from spilling even when the case is punctured. It is a “recombinant” battery, which means that the oxygen on the positive plates will recombine with the hydrogen on the negative plate, creating water & preventing water loss. The battery is mainly used for power applications in the automotive industry, mainly electric vehicles. The VRLA battery market has a huge growth potential due to the growing demand for electric vehicles & reduces the burden on fossil fuels.
The market study is being classified by Type (Absorbent Glass Mat (AGM) and Gel Cell), by Application (Deep Cycle, Deep Discharge {Wheelchairs/Scooters and Golf Cars, Marine & RV, House Power Cycle Applications, Portable Power and Floor Scrubbers}, Standby and Emergency Backup {Emergency Lighting Systems, UPS (Uninterrupted Power Supplies), Telephone Switching} and Others {Race-Highway Trucking, Performance Cars and Off-Road Vehicles, Diesel Starting and Light Trucks, Start-Stop Systems}) and major geographies with country level break-up.
C&D Technologies (United States), Exide Industries (Switzerland), Panasonic Energy (Belgium), GS Yuasa (Japan), B.B. Battery (China), TATA AutoComp GY Batteries (India), HBL Power Systems Ltd (India), Storage Battery Systems (United States), Okaya Power (India) and East Penn Manufacturing Company (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Victron Energy (Netherlands), Microtex Energy (India) and Leoch International (Hong Kong).
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global VRLA Battery market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global VRLA Battery market by Type, Application and Region.
On the basis of geography, the market of VRLA 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Demand for Electronic Mobility
- Increased Need for Alternative Energy Sources for Industrial Applications
Restraints
- High Cost of Installation
Opportunities
- Growth of Electric & Hybrid Vehicles Market
Challenges
- Increasing Battery Capacity and Minimizing Battery Weight
Market Leaders and some development strategies
Trojan Battery was acquired by C&D Technologies in 2018. Trojan Battery is an industry-leading manufacturer of lead-acid batteries for motive and stationary applications, including aerial work platform/MEWP, airport ground support equipment, floor cleaning machines, golf and utility vehicles, marine/RV among other products. C&D makes batteries for the utility, telecom, UPS, cable, broadband and renewable energy markets. The acquisition was aimed to meet the growing demand for energy storage solutions.