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Gel Battery Market by Type (2V, 6V, and12V) and Application (Electric Mobility, Energy Storage & Distribution, Telecommunication, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027

A06523
Pages: 185
Jun 2020 | 1188 Views
 
Author(s) : Amit Narune and Eswara Prasad
Tables: 87
Charts: 45
 

COVID-19

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Gel Battery Market Outlook - 2027

The global gel battery market was valued at $1.8 billion in 2019, and is projected to reach $2.6 billion by 2027, growing at a CAGR of 4.2% from 2020 to 2027.

The term gel in the gel battery refers to the presence of electrolyte in the suspended form. The presence of silica in the electrolyte makes the electrolyte in the gel form or makes the electrolyte to set up or stiffen in the battery. As compared to other types of lead acid batteries it has low recharge voltages. Gel battery is probably the most sensitive battery in terms of over-charging.

The gel battery market is expected to grow, owing to numerous factors such as cost effective, ease of recyclability, and others. Cost of gel battery is one of the factors which outperform other batteries. However, availability of alternative batteries is one of the major factors expected to hinder the market growth. In addition, sensitivity to overcharging and requirement of specific chargers and regulators are some of the factors that are anticipated to hamper the adoption of gel battery. Furthermore, the COVID-19 outbreak has negatively impacted the demand for market, as it has decreased the industrial activities all over the globe; thereby, reducing the demand for energy storage requirements. On the contrary, some of the positives of COVID-19 outbreak on the market are upsurge demand for broadband, cleaning machines, and others, which use gel batteries for operating. 

Gel Battery Market

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The market is segmented on the basis of type, application, and region. By type, the market is fragmentedinto2V, 6V, and 12V. On the basis of application, it is divided into electric mobility, energy storage & distribution, telecommunication, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The gel battery market share is analyzed across all regions. 

The gel battery market analysis covers in-depth information of the major industry participants. Some of the major players in the market include Exide Technologies (Exide), BSB Power Company Limited., Leoch International Technology Limited Inc., Power Sonic Corporation (PS Corporation), Storage Battery Systems, LLC (SBS LLC), Canbat Technologies Inc. (Canbat), C&D Technologies, Inc., (C&D), JYC Battery Manufacturing Co., Ltd., B.B. TECH (Changsha) Co., Ltd. (B.B. TECH), and Vision Group (Vision).

Other players in the value chain of the gel battery market include Coslight India Telecom Pvt. Ltd., Dynavolt Renewable Energy Technology Co., Ltd., Exide Industries Limited, Microtex Energy Private Limited, The Furukawa Battery CO., LTD., KAYO Battery (Shenzhen) Company Limited, Jayachandran Industries (P) Ltd, AGM Technology, Suntech Batteries, Chilwee Group CO.,LTD, and others.

The key players are adopting numerous strategies such as product launch, business expansion, acquisition, partnership, collaboration, and agreement to stay competitive in the gel battery market.

For instance, Exide launched innovative valve regulated lead acid (VRLA) gel battery for power-hungry trucks. The new product launched has less maintenance and it delivers more cycling endurance than flooded battery and AGM (absorbent glass mat) batteries. This makes it a better option for high energy applications, such as long-haul trucks with “life on board” equipment and commercial vehicles. This product launch has reinforced company’s product portfolio.

Gel Battery Market
By Type

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12V is projected as the most lucrative segment.

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By type, 12V gel battery has not only garnered highest share in the gel battery market in 2019 but also is expected to grow at a fastest growth rate. It has garnered a share of 43.8% in 2019, and is expected to grow at a CAGR of 4.4. This is attributed to its high adoption innumerous applications such as energy storage & distribution, telecommunication, and others. 

Gel Battery Market
By Application

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Energy Storage & Distribution is projected as the most lucrative segment.

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By application, the energy storage & distribution segment is anticipated to grow at a highest growth rate. This is attributed to rise in demand for gel batteries for renewable energy application from emerging economies such as China, India, and others. As the gel batteries are used in solar and wind power plants.

Gel Battery Market
By Region

2027
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific holds a dominant position in 2019 and would continue to maintain the lead over the forecast period.

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Region wise, LAMEA is the fastest growing region, and Asia-Pacific garnered highest share in the market in 2019. LAMEA is expected to grow at 5.7%. It is one the price sensitive market, owing to which it is expected that gel battery market may grow considerably. As available options such as lithium-ion battery is costly as compared to gel battery. Asia-Pacific has garnered 39.9% share in 2019, owing to numerous factors such as vast consumer base and presence of key players in countries such as China, India, and others. 

Key Benefits for Stakeholders:

  • The gel battery market forecast is studied from 2020 to 2027
  • The report provides an in-depth analysis of the market along with the current and future market trends
  • This report highlights the key drivers, opportunities, and restraints of the market along with the impact analysis during the forecast period
  • Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the gel battery industry for strategy building
  • The qualitative data in this report aims on market dynamics, market trends, and developments
  • A comprehensive analysis of the factors that drive and restrain the gel battery market growth is provided
  • The gel battery market size is provided in terms of revenue

Key Market Segments:

By Type

  • 2V
  • 6V
  • 12V

By Application

  • Electric Mobility
  • Energy Storage & Distribution
  • Telecommunication
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Italy
    • Spain
    • UK
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan*
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of LAMEA
 

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology

1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. Key findings of the study
2.2. Key findings

2.2.1. Top investment pockets

2.3. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key forces shaping global gel battery market
3.3. Market dynamics

3.3.1. Drivers

3.3.1.1. Cost effective as compared to other batteries
3.3.1.2. Ease of recyclability associated with valve regulated lead acid (VRLA) batteries over lithium-ion batteries

3.3.2. Restraint

3.3.2.1. Availability of alternatives in the market

3.3.3. Opportunity

3.3.3.1. Need to expand data centers

3.4. Patent analysis (2012 to 2019)
3.5. Value Chain of gel battery market
3.6. Impact of COVID-19 outbreak on the market

CHAPTER 4: GEL BATTERY MARKET, BY TYPE

4.1. Overview

4.1.1. Market size and forecast

4.2. 2V

4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis, by country

4.3. 6V

4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis, by country

4.4. 12V

4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market analysis, by country

CHAPTER 5: GEL BATTERY MARKET, BY APPLICATION

5.1. Overview

5.1.1. Market size and forecast

5.2. Electric mobility

5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis, by country

5.3. Energy storage & distribution

5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis, by country

5.4. Telecommunication

5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market analysis, by country

5.5. Others

5.5.1. Key market trends, growth factors, and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market analysis, by country

CHAPTER 6: GEL BATTERY MARKET, BY REGION

6.1. Overview

6.1.1. Market size and forecast

6.2. North America

6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast, by type
6.2.3. Market size and forecast, by application
6.2.4. Market size and forecast, by country
6.2.5. U.S.

6.2.5.1. Market size and forecast, by type
6.2.5.2. Market size and forecast, by application

6.2.6. Canada

6.2.6.1. Market size and forecast, by type
6.2.6.2. Market size and forecast, by application

6.2.7. Mexico

6.2.7.1. Market size and forecast, by type
6.2.7.2. Market size and forecast, by application

6.3. Europe

6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by type
6.3.3. Market size and forecast, by application
6.3.4. Market size and forecast, by country

6.3.5. Germany

6.3.5.1. Market size and forecast, by type
6.3.5.2. Market size and forecast, by application

6.3.6. France

6.3.6.1. Market size and forecast, by type
6.3.6.2. Market size and forecast, by application

6.3.7. Italy

6.3.7.1. Market size and forecast, by type
6.3.7.2. Market size and forecast, by application

6.3.8. Spain

6.3.8.1. Market size and forecast, by type
6.3.8.2. Market size and forecast, by application

6.3.9. UK

6.3.9.1. Market size and forecast, by type
6.3.9.2. Market size and forecast, by application

6.3.10. Rest of Europe

6.3.10.1. Market size and forecast, by type
6.3.10.2. Market size and forecast, by application

6.4. Asia-Pacific

6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast, by type
6.4.3. Market size and forecast, by application
6.4.4. Market size and forecast, by country
6.4.5. China

6.4.5.1. Market size and forecast, by type
6.4.5.2. Market size and forecast, by application

6.4.6. Japan

6.4.6.1. Market size and forecast, by type
6.4.6.2. Market size and forecast, by application

6.4.7. India

6.4.7.1. Market size and forecast, by type
6.4.7.2. Market size and forecast, by application

6.4.8. South Korea

6.4.8.1. Market size and forecast, by type
6.4.8.2. Market size and forecast, by application

6.4.9. Australia

6.4.9.1. Market size and forecast, by type
6.4.9.2. Market size and forecast, by application

6.4.10. Rest of Asia-Pacific

6.4.10.1. Market size and forecast, by type
6.4.10.2. Market size and forecast, by application

6.5. LAMEA

6.5.1. Key market trends, growth factors, and opportunities
6.5.2. Market size and forecast, by type
6.5.3. Market size and forecast, by application
6.5.4. Market size and forecast, by country
6.5.5. Brazil

6.5.5.1. Market size and forecast, by type
6.5.5.2. Market size and forecast, by application

6.5.6. Saudi Arabia

6.5.6.1. Market size and forecast, by type
6.5.6.2. Market size and forecast, by application

6.5.7. UAE

6.5.7.1. Market size and forecast, by type
6.5.7.2. Market size and forecast, by application

6.5.8. South Africa

6.5.8.1. Market size and forecast, by type
6.5.8.2. Market size and forecast, by application

6.5.9. Rest of LAMEA

6.5.9.1. Market size and forecast, by type
6.5.9.2. Market size and forecast, by application

CHAPTER 7: COMPETITIVE LANDSCAPE

7.1. Introduction

7.1.1. Market player positioning, 2019

7.2. Competitive heatmap
7.3. Key developments

7.3.1. New product launches
7.3.2. Acquisitions

CHAPTER 8: COMPANY PROFILES

8.1. Exide Technologies

8.1.1. Company overview
8.1.2. Company snapshot
8.1.3. Product portfolio
8.1.4. Key strategic moves and developments

8.2. BSB Power Company Limited.

8.2.1. Company overview
8.2.2. Company snapshot
8.2.3. Product portfolio

8.3. Leoch International Technology Limited Inc.

8.3.1. Company overview
8.3.2. Company snapshot
8.3.3. Product portfolio
8.3.4. Business performance

8.4. Power Sonic Corporation

8.4.1. Company overview
8.4.2. Company snapshot
8.4.3. Product portfolio

8.5. Storage Battery Systems, LLC

8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Product portfolio

8.6. Canbat Technologies Inc.

8.6.1. Company overview
8.6.2. Company snapshot
8.6.3. Product portfolio

8.7. C&D Technologies, Inc.

8.7.1. Company overview
8.7.2. Company snapshot
8.7.3. Product portfolio
8.7.4. Key strategic moves and development

8.8. JYC Battery Manufacturing Co., Ltd.

8.8.1. Company overview
8.8.2. Company snapshot
8.8.3. Product portfolio

8.9. B.B. TECH (Changsha) Co., Ltd.

8.9.1. Company overview
8.9.2. Company snapshot
8.9.3. Product portfolio

8.10. Vision Group

8.10.1. Company overview
8.10.2. Company snapshot
8.10.3. Product portfolio

LIST OF TABLES

TABLE 01. GLOBAL GEL BATTERY MARKET, BY TYPE, 2019–2027($MILLION)
TABLE 02. 2V GEL BATTERY MARKET, BY REGION, 2019-2027 ($MILLION)
TABLE 03. 6V GEL BATTERY MARKET, BY REGION, 2019-2027 ($MILLION)
TABLE 04. 12V GEL BATTERY MARKET, BY REGION, 2019-2027 ($MILLION)
TABLE 05. GLOBAL GEL BATTERY MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 06. GEL BATTERYMARKET FOR ELECTRIC MOBILITY, BY REGION, 2019–2027($MILLION)
TABLE 07. GEL BATTERYMARKET FOR ENERGY STORAGE & DISTRIBUTION, BY REGION, 2019–2027($MILLION)
TABLE 08. GEL BATTERYMARKET FOR TELECOMMUNICATION, BY REGION, 2019–2027($MILLION)
TABLE 09. GEL BATTERYMARKET FOR OTHERS, BY REGION, 2019–2027($MILLION)
TABLE 10. GEL BATTERY MARKET, BY REGION, 2019-2027 ($MILLION)
TABLE 11. NORTH AMERICA GEL BATTERY MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 12. NORTH AMERICA GEL BATTERY MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 13. NORTH AMERICA GEL BATTERY MARKET, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 14. U.S. GEL BATTERY MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 15. U.S. GEL BATTERY MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 16. CANADA GEL BATTERY MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 17. CANADA GEL BATTERY MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 18. MEXICO GEL BATTERY MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 19. MEXICO GEL BATTERY MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 20. EUROPE GEL BATTERY MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 21. EUROPE GEL BATTERY MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 22. EUROPE GEL BATTERY MARKET, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 23. GERMANY GEL BATTERY MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 24. GERMANY GEL BATTERY MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 25. FRANCE GEL BATTERY MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 26. FRANCE GEL BATTERY MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 27. ITALY GEL BATTERY MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 28. ITALY GEL BATTERY MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 29. SPAIN GEL BATTERY MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 30. SPAIN GEL BATTERY MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 31. UK GEL BATTERY MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 32. UK GEL BATTERY MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 33. REST OF EUROPE GEL BATTERY MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 34. REST OF EUROPE GEL BATTERY MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 35. ASIA-PACIFIC GEL BATTERY MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 36. ASIA-PACIFIC GEL BATTERY MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 37. ASIA-PACIFIC GEL BATTERY MARKET, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 38. CHINA GEL BATTERY MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 39. CHINA GEL BATTERY MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 40. JAPAN GEL BATTERY MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 41. JAPAN GEL BATTERY MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 42. INDIA GEL BATTERY MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 43. INDIA GEL BATTERY MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 44. SOUTH KOREA GEL BATTERY MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 45. SOUTH KOREA GEL BATTERY MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 46. AUSTRALIA GEL BATTERY MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 47. AUSTRALIA GEL BATTERY MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 48. REST OF ASIA-PACIFIC GEL BATTERY MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 49. REST OF ASIA-PACIFIC GEL BATTERY MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 50. LAMEA GEL BATTERY MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 51. LAMEA GEL BATTERY MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 52. LAMEA GEL BATTERY MARKET, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 53. BRAZIL GEL BATTERY MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 54. BRAZIL GEL BATTERY MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 55. SAUDI ARABIA GEL BATTERY MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 56. SAUDI ARABIA GEL BATTERY MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 57. UAE GEL BATTERY MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 58. UAE GEL BATTERY MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 59. SOUTH AFRICA GEL BATTERY MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 60. SOUTH AFRICA GEL BATTERY MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 61. REST OF LAMEA GEL BATTERY MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 62. REST OF LAMEA GEL BATTERY MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 63. KEY NEW PRODUCT LAUNCHES (2016-2020)
TABLE 64. KEY ACQUISITIONS (2016-2019)
TABLE 65. EXIDE: COMPANY SNAPSHOT
TABLE 66. EXIDE: PRODUCT PORTFOLIO
TABLE 67. EXIDE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 68. BSB: COMPANY SNAPSHOT
TABLE 69. BSB: PRODUCT PORTFOLIO
TABLE 70. LEOCH: COMPANY SNAPSHOT
TABLE 71. LEOCH: PRODUCT PORTFOLIO
TABLE 72. OVERALL FINANCIAL STATUS ($MILLION)
TABLE 73. PS CORPORATION: COMPANY SNAPSHOT
TABLE 74. PS CORPORATION: PRODUCT PORTFOLIO
TABLE 75. SBS: COMPANY SNAPSHOT
TABLE 76. SBS: PRODUCT PORTFOLIO
TABLE 77. CANBAT: COMPANY SNAPSHOT
TABLE 78. CANBAT: PRODUCT PORTFOLIO
TABLE 79. C&D: COMPANY SNAPSHOT
TABLE 80. C&D: PRODUCT PORTFOLIO
TABLE 81. C&D: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 82. JYC BATTERY: COMPANY SNAPSHOT
TABLE 83. JYC BATTERY:PRODUCT PORTFOLIO
TABLE 84. B.B. TECH: COMPANY SNAPSHOT
TABLE 85. B.B. TECH: PRODUCT PORTFOLIO
TABLE 86. VISION: COMPANY SNAPSHOT
TABLE 87. VISION: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01. KEY MARKET SEGMENTS
FIGURE 02. TOP INVESTMENT POCKETS, BY COUNTRY
FIGURE 03. LOW  BARGAINING POWER OF SUPPLIERS
FIGURE 04. HIGH BARGAINING POWER OF BUYERS
FIGURE 05. HIGH THREAT OF SUBSTITUTES
FIGURE 06. MODERATE THREAT OF NEW ENTRANTS
FIGURE 07. HIGH INTENSITY OF RIVALRY
FIGURE 08. GLOBAL GEL BATTERY MARKET DYNAMICS
FIGURE 09. PATENT ANALYSIS, BY COUNTRY
FIGURE 10. PATENT ANALYSIS, BY APPLICANT
FIGURE 11. VALUE CHAIN OF GEL BATTERY
FIGURE 12. GLOBAL GEL BATTERY MARKET, BY TYPE, 2019–2027 ($MILLION)
FIGURE 13. COMPARATIVE SHARE ANALYSIS OF 2V GEL BATTERY MARKET, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 14. COMPARATIVE SHARE ANALYSIS OF 6V GEL BATTERY MARKET, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 15. COMPARATIVE SHARE ANALYSIS OF 12V GEL BATTERY MARKET, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 16. GLOBAL GEL BATTERY MARKET, BY APPLICATION, 2019 & 2027 ($MILLION)
FIGURE 17. COMPARATIVE SHARE ANALYSIS OF GEL BATTERY MARKET FOR ELECTRIC MOBILITY, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 18. COMPARATIVE SHARE ANALYSIS OF GEL BATTERY MARKET FOR ENERGY STORAGE & DISTRIBUTION, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 19. COMPARATIVE SHARE ANALYSIS OF GEL BATTERY MARKET FOR TELECOMMUNICATION, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 20. COMPARATIVE SHARE ANALYSIS OF GEL BATTERY MARKET FOR OTHERS, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 21. U.S. GEL BATTERY MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 22. CANADA GEL BATTERY MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 23. MEXICO GEL BATTERY MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 24. GERMANY GEL BATTERY MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 25. FRANCE GEL BATTERY MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 26. ITALY GEL BATTERY MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 27. SPAIN GEL BATTERY MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 28. UK GEL BATTERY MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 29. REST OF EUROPE GEL BATTERY MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 30. CHINA GEL BATTERY MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 31. JAPAN GEL BATTERY MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 32. INDIA GEL BATTERY MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 33. SOUTH KOREA GEL BATTERY MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 34. AUSTRALIA GEL BATTERY MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 35. REST OF ASIA-PACIFIC GEL BATTERY MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 36. BRAZIL GEL BATTERY MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 37. SAUDI ARABIA GEL BATTERY MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 38. UAE GEL BATTERY MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 39. SOUTH AFRICA GEL BATTERY MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 40. REST OF LAMEA GEL BATTERY MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 41. MARKET PLAYER POSITIONING, 2019
FIGURE 42. COMPETITIVE HEATMAP OF KEY PLAYERS
FIGURE 43. LEOCH: REVENUE, 2016–2018 ($MILLION)
FIGURE 44. LEOCH: REVENUE SHARE BY PRODUCT, 2019 (%)
FIGURE 45. LEOCH: REVENUE SHARE BY REGION, 2019 (%)

 
 

The demand for gel batteries is increasing in the regions such as Asia-Pacific and LAMEA. As consumers in these regions prefer low cost products. The initial cost of gel batteries is high although as compared to lithium ion battery it is less costly. The growth of lithium-ion battery in developed region is anticipated to slowdown, owing to increase in adoption of gel batteries. In addition, Brazil and India are some of the countries expected to offer lucrative opportunities for the market expansion. This is attributed to several factors such as rise in adoption of gel battery in numerous applications such as electric mobility application, telecommunication, and energy storage & distribution. In addition, ease of recyclability associated with gel batteries over other batteries is also propelling the market growth.

 

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FREQUENTLY ASKED QUESTIONS?
 

A. The CAGR of gel battery market is 4.2%.

A. The key trends in the gel battery market are rising competition from alternatives such as lithium ion batteries, absorbent glass mat (AGM) batteries, and others, rising using of broadband boosting adoption of gel battery, and others.

A. To get latest version of gel battery market report can be obtained on demand from the website.

A. Electric scooters manufacturers, marine equipment manufacturers, solar and wind power generation systems manufacturers are some of the potential customers of gel batteries.

A. On the basis of region, Asia-Pacific has garnered highest market share in 2019 in the gel battery market.

A. The top ten market players are selected based on two key attributes - competitive strength and market positioning

A. Telecommunications, hybrid power systems, rural electrification, marine equipments, and others are some of the applications of gel battery.

A. Exide Technologies, Vision Group (Vision), Leoch International Technology Limited Inc. is some of the leading players in the gel battery market.

A. LAMEA and Asia-Pacific is expected to offer lucrative business opportunities for gel battery market in coming years.

A. Product Launch and Acquisition are some of the key growth strategies of gel battery market players.

 

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