Global Gel Battery Market is valued at USD 2.10 Billion in 2021 and is expected to reach USD 2.84 Billion by 2028 with a CAGR of 4.43% over the forecast period.
Global Gel Battery Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2028: Rising popularity of gel batteries and increasing new product innovations by market players are driving the growth of the Global Gel Battery Market.
A battery which is very similar to a traditional lead-acid battery with the addition of silica to the electrolyte for creating the gel like substance is known as the gel battery. This gel battery is valve regulated as it is nothing but a lead-acid battery. Its gel-like mixture of electrolyte, sulfuric acid, and silica, allows the battery to utilize the acid & electrolyte, in the same way, as a traditional lead-acid battery. The only difference is the just without the added maintenance. Commonly, gel batteries are used in cell phones, camcorders, electric vehicles, and marine equipment as it requires low maintenance. Also, as these batteries are spill-proof, they are mostly used in electric cars. Moreover, these gel batteries are suitable for being used in solar systems, sailboats, uninterrupted power systems (UPS), and emergency lighting on account of its flexible designs and vibration resistance. These are much lighter compared to other ordinary batteries and have a longer lifespan than traditional batteries.
Covid-19 has negatively impacted the growth of the global gel battery market as it has impacted on overall battery industry with supply & demand gap. Owing to lockdown restrictions, the overall manufacturing, supply chain and other sectors have faced long descriptions. Meanwhile, the pandemic hasn’t left the lithium battery sector untouched in which gel battery sector is no exception. Although some of the types of batteries such as lithium-ion batteries are used in many important medical devices including the ventilators that have been critical during this pandemic. However, the largest area of growth of gel batteries has been the electric vehicles (EVs). But global EV sales have fallen in 2020 due to the impact of the Covid-19 pandemic. Consequently, it has affected the growth of gel battery market also. Perhaps the current crisis will merely be a temporary blip, in contrast to the blistering growth of the battery space including gel battery in recent years.
Global Gel Battery is Market is segmented into type, application, and region & country level. On the basis of type, the global gel battery market is segmented into 2V, 6V and 12V. On the basis of application, the global gel battery market is segmented into electric mobility, energy storage & distribution, telecommunication, and others.
Some of the key players for Global Gel Battery Market Are
On April 8th, 2022, A young IIT Kanpur-backed innovator and disruptor in the battery technology segment-""""Offgrid Energy Labs"""" has announced that it has innovated ZincGel Battery technology to strengthen India's EV battery swapping segment with sustainable batteries. This ZincGel Battery Technology is a highly efficient alternative to the costly imported batteries that are currently available in India. It will balance the performance and pricing of batteries with the introduction of zinc-based non-toxic materials.
On March 13th, 2022, Australian company Gelion Technologies has announced that it is working on new Zinc-Bromine gel battery intended for electric vehicles. Further company added that the company will be testing this new battery for another year and hope this could be the viable replacement for lithium-ion batteries.
As the gel battery offers numerous benefits such as its cost-effectiveness, ease of recyclability, low maintenance cost, and most important thing that they are highly compatible with sensitive electronic equipment & suitable for variety of applications. Moreover, gel batteries are light in weight than the normal batteries at high-current discharge. Gel batteries have a lower effective capacity and long-life span. Thus, these batteries are gaining high popularity for using in wide range of applications such as electric vehicles, solar systems, marine trolling, UPS and many other.
In addition, the leading players in the market are adopting numerous strategies such as product launch, acquisition, collaboration, and agreement, business expansion, partnership, to stay competitive in the market. For example; on September 8th, 2021- Gelion Technologies which is Gel battery company has teamed up with the Australian gel lead-acid battery firm Battery Energy Power for the development Gelion’s zinc bromide batteries in Fairfield, Sydney.
However, high initial costs may hinder the gel battery market growth. In spite of that, the low maintenance requirement and lightweight characteristics of gel batteries are creating new opportunities in high-end cars and sports car applications. this will provide new opportunities in the gel battery market.
Geographically, Asia Pacific region is expected to grow at a significant pace as its developing countries such as China, South Korea and others are the largest manufacturers in the battery market including gel battery market. China’s JYC Battery Manufacturer Co., Ltd. is the largest manufacturer of gel batteries. The Company has developed gel series battery with special separators and silica gel that immobilizes the electrolyte present inside the battery. This enhances the battery performance and life cycle at different temperature range. Moreover, many countries such as U.S. and others are dependent on Asian countries & other trading partners for their battery supply which includes gel battery also.
While North America followed by Western Europe are other two regional markets with substantial potential in the dominance of gel battery market. This is owing to rise in demand of gel batteries from both the regions which is anticipated to increment at a sluggish growth rate on the back of growing adoption of traditional battery alternatives. And, the growing demand for electric vehicles will also drive this market during the forecast period. For instance; According to Energy Saver which is on–line resource developed by the U.S. Department of Energy; sales of new light-duty plug-in electric vehicles, including all-electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs), nearly doubled from about 308,000 in 2020 to 608,000 in 2021. EV sales accounted for about 73 percent of all plug-in electric vehicle sales in 2021 and it has grown by 85 percent from 2020 to 2021, while sales of PHEVs more than doubled, with an increase of about 138 percent over the previous year. It will boost the demand for gel batteries i.e., lead-acid batteries.
Middle East and Africa
|2018 - 2021
|2022 - 2028
|Market Size in 2021:
|USD 2.10 Billion
|Base year considered
|Forecast Period CAGR %:
|Market Size Expected in 2028:
|USD 2.84 Billion
|Tables, Charts & Figures:
|Gel Battery Companies
|Exide Industries Ltd., C&D Technologies, Inc., Leoch Battery, BSB Power Company Limited, Storage Battery Systems, LLC, Power-Sonic Corporation, Canbat Technologies Inc., JYC battery manufacturer co. Ltd., B.B. Battery, Vision Technology Co., Ltd., EnerSys, Dynavolt, Shoto and others.
|By Type, By Application
|North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa
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