The gel battery market is driven by its numerous favorable characteristics such as less maintenance, leak proof, excellent operational ability in different temperature range, no terminal corrosion, and others. However, availability of alternative and sensitivity to overcharging are some of the factors expected to hinder market growth during the forecast period. Lithium-ion battery and absorbent glass mat (AGM) battery are some of the major competition for gel battery market. On the contrary, countries in the developing regions cannot afford lithium-ion batteries, owing to its high prices as compared to gel batteries, which is expected to propel market growth and provide lucrative opportunity during the forecast period.
The global gel battery market is segmented into type, application, and region. Depending on type, the market is classified into 2V, 6V, and 12V. By application, it is fragmented into electric mobility, energy storage & distribution, telecommunication, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
KEY BENEFITS FOR STAKEHOLDERS
- The report provides an extensive qualitative and quantitative analysis of the current trends and future estimations of the market from 2020 to 2027 determine the prevailing opportunities.
- A comprehensive analysis of the factors that drive and restrict the growth of the market is provided.
- The market size is provided in terms of revenue.
- Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
- Profiles of leading players operating in the market are provided to understand the competitive scenario.
- The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable growth.
KEY MARKET SEGMENTS
By Type
- 2V
- 6V
- 12V
By Application
- Electric Mobility
- Energy Storage & Distribution
- Telecommunication
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- UAE
- South Africa
- Rest of LAMEA
Key Market Players
- Exide Technologies (Exide)
- BSB Power Company Limited.
- Leoch International Technology Limited Inc.
- Power Sonic Corporation (PS Corporation)
- Storage Battery Systems, LLC (SBS LLC)
- Canbat Technologies Inc. (Canbat)
- C&D Technologies, Inc., (C&D)
- JYC Battery Manufacturing Co., Ltd.
- B.B. TECH (Changsha) Co., Ltd. (B.B. TECH)
- Vision Group (Vision)
The other players in the value chain include Coslight India Telecom Pvt. Ltd., Dynavolt Renewable Energy Technology Co., Ltd., Exide Industries Limited, Microtex Energy Private Limited, The Furukawa Battery CO., LTD., KAYO Battery (Shenzhen) Company Limited, Jayachandran Industries (P) Ltd, AGM Technology, Suntech Batteries, Chilwee Group CO., LTD, and others.
Table of Contents
Companies Mentioned
- Exide Technologies (Exide)
- BSB Power Company Limited
- Leoch International Technology Limited Inc
- Power Sonic Corporation (PS Corporation)
- Storage Battery Systems LLC (SBS LLC)
- Canbat Technologies Inc (Canbat)
- C&D Technologies Inc
- (C&D)
- JYC Battery Manufacturing Co Ltd
- BB TECH (Changsha) Co Ltd (BB TECH)
- Vision Group (Vision)
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 185 |
Published | June 2020 |
Forecast Period | 2019 - 2027 |
Estimated Market Value ( USD | $ 1.8 billion |
Forecasted Market Value ( USD | $ 2.6 billion |
Compound Annual Growth Rate | 4.7% |
Regions Covered | Global |
No. of Companies Mentioned | 11 |