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PUBLISHER: IMARC | PRODUCT CODE: 1451437

PUBLISHER: IMARC | PRODUCT CODE: 1451437

Gel Battery Market Report by Type (2V, 6V, 12V), Distribution Channel (Online, Offline), Application (Electric Mobility, Energy Storage and Distribution, Telecommunication, and Others), and Region 2024-2032

PUBLISHED: March 2, 2024

PAGES: 146 Pages

DELIVERY TIME: 2-3 business days

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The global gel battery market size reached US$ 2.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 3.1 Billion by 2032, exhibiting a growth rate (CAGR) of 3.48% during 2024-2032.

A gel battery is lightweight and durable, has a longer lifespan, and can withstand extreme temperature ranges compared to conventional batteries. It comprises gelled electrolytes that reduce the risk of spillage, evaporation, corrosion, and internal resistance. As it requires low maintenance, it is commonly utilized in cell phones, camcorders, motorcycles, marine equipment, and high-end cars across the globe. Moreover, a gel battery is considered suitable for being used in solar systems, marine trolling, sailboats, uninterrupted power systems (UPS), and emergency lighting on account of its flexible designs and vibration resistance.

Gel Battery Market Trends:

Gel batteries find application as energy storage devices in off-grid solar photovoltaic (PV) systems. This, in confluence with the escalating demand for solar power devices to provide backup during power outages in remote areas, represents one of the key factors driving the market. In addition, governments of numerous countries are promoting the usage of renewable energy sources via tax credits, incentives, and price concessions on several solar panel components. Apart from this, rising concerns about the negative impact of fuel-based vehicles on the environment are positively influencing the use of gel batteries in electric vehicles (EVs), public transportation, and aircraft. Furthermore, the increasing awareness among individuals of rising pollution levels is contributing to the market growth. Besides this, gel batteries are employed in manufacturing electric wheelchairs and ventilators, which are employed in health facilities. The escalating demand for electric wheelchairs on account of the rising prevalence of neurological disorders and the geriatric population, which is more susceptible to orthopaedic conditions, is also bolstering the market growth. In line with this, the expanding utilization of gel batteries in golf carts, floor scrubbers, and computers for backup is impelling the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global gel battery market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type, distribution channel and application.

Breakup by Type:

12V

Breakup by Distribution Channel:

Online

Offline

Breakup by Application:

Electric Mobility

Energy Storage and Distribution

Telecommunication

Others

Breakup by Region:

North America

United States

Canada

Asia-Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being B.B. Battery, BSB Power Company Limited, C&D Technologies Inc., Canbat Technologies Inc., Exide Technologies, Exponential Power Inc., JYC Battery Manufacturer Co. Ltd., Leoch International Technology Limited Inc., Power-Sonic Corporation and Vision Group.

Key Questions Answered in This Report

1. What was the size of the global gel battery market in 2023?
2. What is the expected growth rate of the global gel battery market during 2024-2032?
3. What are the key factors driving the global gel battery market?
4. What has been the impact of COVID-19 on the global gel battery market?
5. What is the breakup of the global gel battery market based on the type?
6. What is the breakup of the global gel battery market based on the application?
7. What are the key regions in the global gel battery market?
8. Who are the key players/companies in the global gel battery market?

Product Code: SR112024A4836

1 Preface

2 Scope and Methodology

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

4.1 Overview
4.2 Key Industry Trends

5 Global Gel Battery Market

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakup by Type

6.1 2V
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
6.2 6V
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
6.3 12V
- 6.3.1 Market Trends
- 6.3.2 Market Forecast

7 Market Breakup by Distribution Channel

7.1 Online
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
7.2 Offline
- 7.2.1 Market Trends
- 7.2.2 Market Forecast

8 Market Breakup by Application

8.1 Electric Mobility
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
8.2 Energy Storage and Distribution
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
8.3 Telecommunication
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
8.4 Others
- 8.4.1 Market Trends
- 8.4.2 Market Forecast

9 Market Breakup by Region

9.1 North America
- 9.1.1 United States
  - 9.1.1.1 Market Trends
  - 9.1.1.2 Market Forecast
- 9.1.2 Canada
  - 9.1.2.1 Market Trends
  - 9.1.2.2 Market Forecast
9.2 Asia-Pacific
- 9.2.1 China
  - 9.2.1.1 Market Trends
  - 9.2.1.2 Market Forecast
- 9.2.2 Japan
  - 9.2.2.1 Market Trends
  - 9.2.2.2 Market Forecast
- 9.2.3 India
  - 9.2.3.1 Market Trends
  - 9.2.3.2 Market Forecast
- 9.2.4 South Korea
  - 9.2.4.1 Market Trends
  - 9.2.4.2 Market Forecast
- 9.2.5 Australia
  - 9.2.5.1 Market Trends
  - 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
  - 9.2.6.1 Market Trends
  - 9.2.6.2 Market Forecast
- 9.2.7 Others
  - 9.2.7.1 Market Trends
  - 9.2.7.2 Market Forecast
9.3 Europe
- 9.3.1 Germany
  - 9.3.1.1 Market Trends
  - 9.3.1.2 Market Forecast
- 9.3.2 France
  - 9.3.2.1 Market Trends
  - 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
  - 9.3.3.1 Market Trends
  - 9.3.3.2 Market Forecast
- 9.3.4 Italy
  - 9.3.4.1 Market Trends
  - 9.3.4.2 Market Forecast
- 9.3.5 Spain
  - 9.3.5.1 Market Trends
  - 9.3.5.2 Market Forecast
- 9.3.6 Russia
  - 9.3.6.1 Market Trends
  - 9.3.6.2 Market Forecast
- 9.3.7 Others
  - 9.3.7.1 Market Trends
  - 9.3.7.2 Market Forecast
9.4 Latin America
- 9.4.1 Brazil
  - 9.4.1.1 Market Trends
  - 9.4.1.2 Market Forecast
- 9.4.2 Mexico
  - 9.4.2.1 Market Trends
  - 9.4.2.2 Market Forecast
- 9.4.3 Others
  - 9.4.3.1 Market Trends
  - 9.4.3.2 Market Forecast
9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast

10 SWOT Analysis

10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis

12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
- 14.3.1 B.B. Battery
  - 14.3.1.1 Company Overview
  - 14.3.1.2 Product Portfolio
- 14.3.2 BSB Power Company Limited
  - 14.3.2.1 Company Overview
  - 14.3.2.2 Product Portfolio
- 14.3.3 C&D Technologies Inc.
  - 14.3.3.1 Company Overview
  - 14.3.3.2 Product Portfolio
  - 14.3.3.3 SWOT Analysis
- 14.3.4 Canbat Technologies Inc.
  - 14.3.4.1 Company Overview
  - 14.3.4.2 Product Portfolio
- 14.3.5 Exide Technologies
  - 14.3.5.1 Company Overview
  - 14.3.5.2 Product Portfolio
  - 14.3.5.3 Financials
  - 14.3.5.4 SWOT Analysis
- 14.3.6 Exponential Power Inc.
  - 14.3.6.1 Company Overview
  - 14.3.6.2 Product Portfolio
- 14.3.7 JYC Battery Manufacturer Co. Ltd.
  - 14.3.7.1 Company Overview
  - 14.3.7.2 Product Portfolio
- 14.3.8 Leoch International Technology Limited Inc.
  - 14.3.8.1 Company Overview
  - 14.3.8.2 Product Portfolio
  - 14.3.8.3 Financials
- 14.3.9 Power-Sonic Corporation
  - 14.3.9.1 Company Overview
  - 14.3.9.2 Product Portfolio
- 14.3.10 Vision Group
  - 14.3.10.1 Company Overview
  - 14.3.10.2 Product Portfolio
  - 14.3.10.3 Financials

Product Code: SR112024A4836

List of Figures

Figure 1: Global: Gel Battery Market: Major Drivers and Challenges
Figure 2: Global: Gel Battery Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Gel Battery Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Gel Battery Market: Breakup by Type (in %), 2023
Figure 5: Global: Gel Battery Market: Breakup by Distribution Channel (in %), 2023
Figure 6: Global: Gel Battery Market: Breakup by Application (in %), 2023
Figure 7: Global: Gel Battery Market: Breakup by Region (in %), 2023
Figure 8: Global: Gel Battery (2V) Market: Sales Value (in Million US$), 2018 & 2023
Figure 9: Global: Gel Battery (2V) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 10: Global: Gel Battery (6V) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Gel Battery (6V) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Gel Battery (12V) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Gel Battery (12V) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Gel Battery (Online) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Gel Battery (Online) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Gel Battery (Offline) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Gel Battery (Offline) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Gel Battery (Electric Mobility) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Gel Battery (Electric Mobility) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Gel Battery (Energy Storage and Distribution) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Gel Battery (Energy Storage and Distribution) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Gel Battery (Telecommunication) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Gel Battery (Telecommunication) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Gel Battery (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Gel Battery (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: North America: Gel Battery Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: North America: Gel Battery Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: United States: Gel Battery Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: United States: Gel Battery Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Canada: Gel Battery Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Canada: Gel Battery Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: Asia-Pacific: Gel Battery Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: Asia-Pacific: Gel Battery Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: China: Gel Battery Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: China: Gel Battery Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: Japan: Gel Battery Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: Japan: Gel Battery Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: India: Gel Battery Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: India: Gel Battery Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: South Korea: Gel Battery Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: South Korea: Gel Battery Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: Australia: Gel Battery Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: Australia: Gel Battery Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: Indonesia: Gel Battery Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: Indonesia: Gel Battery Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: Others: Gel Battery Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: Others: Gel Battery Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: Europe: Gel Battery Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: Europe: Gel Battery Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: Germany: Gel Battery Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: Germany: Gel Battery Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: France: Gel Battery Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: France: Gel Battery Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: United Kingdom: Gel Battery Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: United Kingdom: Gel Battery Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: Italy: Gel Battery Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: Italy: Gel Battery Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: Spain: Gel Battery Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: Spain: Gel Battery Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: Russia: Gel Battery Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: Russia: Gel Battery Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: Others: Gel Battery Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: Others: Gel Battery Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Latin America: Gel Battery Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Latin America: Gel Battery Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Brazil: Gel Battery Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Brazil: Gel Battery Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Mexico: Gel Battery Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: Mexico: Gel Battery Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: Others: Gel Battery Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: Others: Gel Battery Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: Middle East and Africa: Gel Battery Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: Middle East and Africa: Gel Battery Market: Breakup by Country (in %), 2023
Figure 74: Middle East and Africa: Gel Battery Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 75: Global: Gel Battery Industry: SWOT Analysis
Figure 76: Global: Gel Battery Industry: Value Chain Analysis
Figure 77: Global: Gel Battery Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Gel Battery Market: Key Industry Highlights, 2023 & 2032
Table 2: Global: Gel Battery Market Forecast: Breakup by Type (in Million US$), 2024-2032
Table 3: Global: Gel Battery Market Forecast: Breakup by Distribution Channel (in Million US$), 2024-2032
Table 4: Global: Gel Battery Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 5: Global: Gel Battery Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 6: Global: Gel Battery Market: Competitive Structure
Table 7: Global: Gel Battery Market: Key Players