Increasing Adoption of Electrical Vehicle Along with the Increasing Demand for Energy Storage Devices Has Propelled the Growth of the Gel Battery Market in the APAC Region!
- Himanshu Patni
- May 12, 2023
- ENERGY & POWER, NEWS
- Gel Battery Market, Gel Battery Market Analysis, Gel Battery Market Forecast, Gel Battery Market Growth, Gel Battery Market Outlook, Gel Battery Market Region, Gel Battery Market Report, Gel Battery Market Share, Gel Battery Market Size, Gel Battery Market Trends
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Gel batteries, also known as gel cell batteries or sealed gel batteries, are a type of lead-acid battery that uses a gel electrolyte instead of a liquid electrolyte. The gel electrolyte is made by adding silica to sulfuric acid, which results in a thick gel-like substance. This gel is then used to fill the battery’s cells, where it immobilizes the electrolyte and prevents spills. Gel batteries are commonly used in applications where reliable power storage is needed, such as in backup power systems, renewable energy systems, and electric vehicles. They are also popular in marine and RV applications, as they can withstand vibration and shock, and can be mounted in any orientation. One of the main advantages of gel batteries is their ability to withstand deep discharge cycles without losing their capacity. They also have a longer lifespan than traditional lead-acid batteries, with some models lasting up to 10 years. Another advantage is their maintenance-free design, as the gel electrolyte does not require topping up as liquid electrolytes do. Overall, gel batteries are a reliable and long-lasting option for applications that require stable and consistent power storage. However, it’s important to consider their specific advantages and disadvantages, as well as the requirements of the intended application, before choosing a gel battery.
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Further, the Gel Battery Market is expected to grow at a strong CAGR of 5.0% during the forecast period (2022-2028). The gel batteries market in the Asia-Pacific (APAC) region is expected to grow significantly in the coming years. The region is one of the largest markets for gel batteries, with growing demand from various end-use industries such as automotive, telecom, and renewable energy. The growth of the automotive sector in countries such as China and India are driving the demand for gel batteries, particularly for electric vehicles. Gel batteries are preferred over traditional lead-acid batteries due to their longer lifespan, higher efficiency, and lower maintenance requirements. In addition, the increasing adoption of renewable energy systems such as solar power and wind power is also driving the demand for gel batteries in the region. China is the largest market for gel batteries in the APAC region, followed by India and Japan. The presence of major gel battery manufacturers in the region, such as Panasonic, Exide Industries, and Leoch International Technology Limited, is further boosting the growth of the market. Overall, the gel batteries market in the APAC region is expected to experience significant growth in the coming years, driven by the increasing demand from various end-use industries and the growing adoption of renewable energy systems.
FIG. 1 APAC Gel Battery Market Revenue (2020-2028)- USD Mn
Based on type, the market is segmented into 2V, 6V, and 12V. The 12V segment is expected to hold a significant market share during the forecast period. The demand for 12V Gel batteries has been growing in recent years due to their advantages over other battery types. These batteries are commonly used in a variety of applications, including renewable energy systems, backup power supplies, and recreational vehicles. The 12V Gel batteries are popular due to their maintenance-free operation, long lifespan, deep cycle performance, and safety features. As more people turn to renewable energy sources and require reliable backup power, the demand for 12V Gel batteries is expected to continue growing. Additionally, advancements in technology and increased manufacturing efficiency are making these batteries more affordable, further driving their demand.
On the basis of application, the market is segmented into energy storage& distribution, electric mobility, telecommunication, and others. The storage & distribution segment is expected to register a higher CAGR during the forecast period owing to their superior performance and reliability compared to other types of batteries. Gel batteries use a gel electrolyte instead of a liquid one, which makes them more resistant to vibration and temperature changes. This makes them ideal for use in environments where traditional batteries would not be able to operate effectively.
Global Gel Battery Market Segmentation
Market Insight, by Type
· 2V
· 6V
· 12V
Market Insights, by Application
· Energy Storage & Distribution
· Electric Mobility
· Telecommunication
· Others
Market Insight, by Region
· North America
o U.S.
o Canada
o Rest of North America
· Europe
o Germany
o UK
o Spain
o France
o Italy
o Rest of Europe
· APAC
o China
o Japan
o India
o Rest of APAC
· Rest of the World
Top Company Profiles
· Exide Technologies
· JYC Battery Manufacturer Co. Ltd.
· Power Sonic Corporation
· Canbat Technologies Inc.
· B.B. Battery
· C&D Technologies, Inc.
· Leoch International Technology Limited Inc.
· Vision Group
· BSB Power Company Limited
· Exponential Power