Report ID: SQMIG20D2231
Gel Battery Market Size, Share, Growth Analysis, By Type(2V, 6V, 12V, and Others), By Application(Electric Mobility, Energy Storage & Distribution, Telecommunication, and Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20D2231 |
Region:
Global |
Published Date: March, 2024
Pages:
200
|
Tables:
65 |
Figures:
70
Gel Battery Market Regional Insights
Robust automotive production and increasing manufacturing and demand for electric mobility vehicles in the Asia Pacific region allow it to account for the largest market share in the world. China is estimated to spearhead the demand for gel batteries in this region followed by India, Japan, and South Korea across the forecast period. Growing adoption of UPS systems for uninterrupted power supply and rising focus on sustainability are other factors that contribute to the gel battery market growth in the Asia Pacific region.
Europe is estimated to emerge as the fastest-expanding market for gel batteries around the world. High focus on sustainability and the growing establishment of new data centers in this region is projected to primarily augment the demand for gel batteries over the coming years. High consumer awareness regarding the benefits of gel batteries and the rising use of the same in electric mobility vehicles will also bolster the gel battery market growth in Europe.
Gel Battery Market Report Snapshots
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