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 Insights
Global gel battery market size was valued at USD 2.2 billion in 2022 and is poised to grow from USD 2.3 billion in 2023 to USD 3.24 billion by 2031, growing at a CAGR of 4.4% in the forecast period (2024-2031).
A gel battery is a flexible battery that can be used without any maintenance. It is a type of valve-regulated lead-acid battery. These batteries are perfect for use in conditions where air flow is minimal as they can work effectively in a wide range of temperatures. Increasing focus on sustainability has increased the demand for recyclable products and gel batteries can be completely recycled, which is why their deployment is projected to increase at a rapid pace over the coming years. Increasing construction of data centers around the world is also a key prospect that is estimated to bolster the sales of gel batteries across the forecast period. Increasing use of off-grid power around the world will also favor gel battery demand in the long run.
Gel Battery Market Report Snapshots
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