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 2025-2032

Q: What is the global market size of Gel Battery Market?

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).

Report ID: SQMIG20D2231 | Region: Global | Published Date: March, 2024
Pages: 200 | Tables: 65 | Figures: 70

Gel Battery Market Insights

Gel Battery Market size was valued at USD 2.3 Billion in 2023 and is poised to grow from USD 2.4 Billion in 2024 to USD 3.38 Billion by 2032, growing at a CAGR of 4.4% during the forecast period (2025-2032).

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.

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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).

Gel battery manufacturers are focusing on expanding their sales by collaborating and partnering with different industries where batteries are being used on a large scale. Companies are also investing in R&D to improve the efficiency and power output of gel batteries which will help them widen their application scope and revenue generation as well. Gel battery recycling is also a key area of interest for gel battery manufacturers looking to make the most out of their products and boost profitability. 'Power Sonic Corporation', 'Canbat Technologies Inc.', 'ABB', 'JYC Battery Manufacturing Co. Ltd.', 'Leoch International Technology Limited Inc.', 'Exide Technologies', 'Mighty Max Battery', 'Vision Group', 'Harbin Coslight Storage Battery Co. Ltd.', 'BSB Power Company Limited', 'B.B. TECH (Changsha) Co. Ltd..', 'Storage Battery Systems', 'EnerSys', 'Fiamm Energy Technology', 'Wolong Electric Group Co. Ltd.'

Gel batteries are extremely low maintenance and can last a long period of time before needing to be replaced. Disposing and recycling gel batteries is relatively inexpensive as compared to lithium-ion batteries, which is also a trend that is driving gel battery market development.

Rising Adoption of Renewable Energy: Growing adoption of renewable energy sources around the world could also foster the demand for gel batteries as they are essential in storing energy for a longer period of time.

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.

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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 2025-2032

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