PUBLISHER: IMARC | PRODUCT CODE: 1451437
PUBLISHER: IMARC | PRODUCT CODE: 1451437
Gel Battery Market Report by Type (2V, 6V, 12V), Distribution Channel (Online, Offline), Application (Electric Mobility, Energy Storage and Distribution, Telecommunication, and Others), and Region 2024-2032
The global gel battery market size reached US$ 2.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 3.1 Billion by 2032, exhibiting a growth rate (CAGR) of 3.48% during 2024-2032.
A gel battery is lightweight and durable, has a longer lifespan, and can withstand extreme temperature ranges compared to conventional batteries. It comprises gelled electrolytes that reduce the risk of spillage, evaporation, corrosion, and internal resistance. As it requires low maintenance, it is commonly utilized in cell phones, camcorders, motorcycles, marine equipment, and high-end cars across the globe. Moreover, a gel battery is considered suitable for being used in solar systems, marine trolling, sailboats, uninterrupted power systems (UPS), and emergency lighting on account of its flexible designs and vibration resistance.
Gel Battery Market Trends:
Gel batteries find application as energy storage devices in off-grid solar photovoltaic (PV) systems. This, in confluence with the escalating demand for solar power devices to provide backup during power outages in remote areas, represents one of the key factors driving the market. In addition, governments of numerous countries are promoting the usage of renewable energy sources via tax credits, incentives, and price concessions on several solar panel components. Apart from this, rising concerns about the negative impact of fuel-based vehicles on the environment are positively influencing the use of gel batteries in electric vehicles (EVs), public transportation, and aircraft. Furthermore, the increasing awareness among individuals of rising pollution levels is contributing to the market growth. Besides this, gel batteries are employed in manufacturing electric wheelchairs and ventilators, which are employed in health facilities. The escalating demand for electric wheelchairs on account of the rising prevalence of neurological disorders and the geriatric population, which is more susceptible to orthopaedic conditions, is also bolstering the market growth. In line with this, the expanding utilization of gel batteries in golf carts, floor scrubbers, and computers for backup is impelling the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global gel battery market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type, distribution channel and application.
Breakup by Type:
2V
6V
12V
Breakup by Distribution Channel:
Online
Offline
Breakup by Application:
Electric Mobility
Energy Storage and Distribution
Telecommunication
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being B.B. Battery, BSB Power Company Limited, C&D Technologies Inc., Canbat Technologies Inc., Exide Technologies, Exponential Power Inc., JYC Battery Manufacturer Co. Ltd., Leoch International Technology Limited Inc., Power-Sonic Corporation and Vision Group.
Key Questions Answered in This Report
- 1. What was the size of the global gel battery market in 2023?
- 2. What is the expected growth rate of the global gel battery market during 2024-2032?
- 3. What are the key factors driving the global gel battery market?
- 4. What has been the impact of COVID-19 on the global gel battery market?
- 5. What is the breakup of the global gel battery market based on the type?
- 6. What is the breakup of the global gel battery market based on the application?
- 7. What are the key regions in the global gel battery market?
- 8. Who are the key players/companies in the global gel battery market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Gel Battery Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 2V
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 6V
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 12V
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Distribution Channel
- 7.1 Online
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Offline
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Application
- 8.1 Electric Mobility
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Energy Storage and Distribution
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Telecommunication
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Others
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 B.B. Battery
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 BSB Power Company Limited
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 C&D Technologies Inc.
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 SWOT Analysis
- 14.3.4 Canbat Technologies Inc.
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 Exide Technologies
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.6 Exponential Power Inc.
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.7 JYC Battery Manufacturer Co. Ltd.
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.8 Leoch International Technology Limited Inc.
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.9 Power-Sonic Corporation
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.10 Vision Group
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.1 B.B. Battery
List of Figures
- Figure 1: Global: Gel Battery Market: Major Drivers and Challenges
- Figure 2: Global: Gel Battery Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Gel Battery Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Gel Battery Market: Breakup by Type (in %), 2023
- Figure 5: Global: Gel Battery Market: Breakup by Distribution Channel (in %), 2023
- Figure 6: Global: Gel Battery Market: Breakup by Application (in %), 2023
- Figure 7: Global: Gel Battery Market: Breakup by Region (in %), 2023
- Figure 8: Global: Gel Battery (2V) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 9: Global: Gel Battery (2V) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 10: Global: Gel Battery (6V) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 11: Global: Gel Battery (6V) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 12: Global: Gel Battery (12V) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 13: Global: Gel Battery (12V) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 14: Global: Gel Battery (Online) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 15: Global: Gel Battery (Online) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 16: Global: Gel Battery (Offline) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 17: Global: Gel Battery (Offline) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 18: Global: Gel Battery (Electric Mobility) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 19: Global: Gel Battery (Electric Mobility) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 20: Global: Gel Battery (Energy Storage and Distribution) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 21: Global: Gel Battery (Energy Storage and Distribution) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 22: Global: Gel Battery (Telecommunication) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 23: Global: Gel Battery (Telecommunication) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 24: Global: Gel Battery (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 25: Global: Gel Battery (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 26: North America: Gel Battery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 27: North America: Gel Battery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 28: United States: Gel Battery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 29: United States: Gel Battery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 30: Canada: Gel Battery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 31: Canada: Gel Battery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 32: Asia-Pacific: Gel Battery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 33: Asia-Pacific: Gel Battery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 34: China: Gel Battery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 35: China: Gel Battery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 36: Japan: Gel Battery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 37: Japan: Gel Battery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 38: India: Gel Battery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 39: India: Gel Battery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 40: South Korea: Gel Battery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 41: South Korea: Gel Battery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 42: Australia: Gel Battery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 43: Australia: Gel Battery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 44: Indonesia: Gel Battery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 45: Indonesia: Gel Battery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 46: Others: Gel Battery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 47: Others: Gel Battery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 48: Europe: Gel Battery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 49: Europe: Gel Battery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 50: Germany: Gel Battery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 51: Germany: Gel Battery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 52: France: Gel Battery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 53: France: Gel Battery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 54: United Kingdom: Gel Battery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 55: United Kingdom: Gel Battery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 56: Italy: Gel Battery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 57: Italy: Gel Battery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 58: Spain: Gel Battery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 59: Spain: Gel Battery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 60: Russia: Gel Battery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 61: Russia: Gel Battery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 62: Others: Gel Battery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 63: Others: Gel Battery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 64: Latin America: Gel Battery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 65: Latin America: Gel Battery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 66: Brazil: Gel Battery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 67: Brazil: Gel Battery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 68: Mexico: Gel Battery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 69: Mexico: Gel Battery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 70: Others: Gel Battery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 71: Others: Gel Battery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 72: Middle East and Africa: Gel Battery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 73: Middle East and Africa: Gel Battery Market: Breakup by Country (in %), 2023
- Figure 74: Middle East and Africa: Gel Battery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 75: Global: Gel Battery Industry: SWOT Analysis
- Figure 76: Global: Gel Battery Industry: Value Chain Analysis
- Figure 77: Global: Gel Battery Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Gel Battery Market: Key Industry Highlights, 2023 & 2032
- Table 2: Global: Gel Battery Market Forecast: Breakup by Type (in Million US$), 2024-2032
- Table 3: Global: Gel Battery Market Forecast: Breakup by Distribution Channel (in Million US$), 2024-2032
- Table 4: Global: Gel Battery Market Forecast: Breakup by Application (in Million US$), 2024-2032
- Table 5: Global: Gel Battery Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 6: Global: Gel Battery Market: Competitive Structure
- Table 7: Global: Gel Battery Market: Key Players
