Gel Battery Market

According to Stratistics MRC, the Global Gel Battery Market is accounted for $2.43 billion in 2024 and is expected to reach $3.49 billion by 2030 growing at a CAGR of 6.2% during the forecast period. Gel batteries are a particular kind of valve-regulated lead-acid battery that uses an electrolyte that resembles gel that is created by combining silica and sulphuric acid. Because of their non-spillable and maintenance-free design, they can be installed in a variety of orientations, making them perfect for tight spaces or delicate settings. Moreover, gel batteries are a good fit for deep-cycle applications like electric vehicles and renewable energy systems because they reduce problems like evaporation and acid stratification, increasing their longevity. To prevent damage from overcharging, which can result in gel hardening and decreased capacity, they need to be charged according to certain protocols.

Market Dynamics: 

Driver: 

Growing interest in renewable energy

The market for gel batteries is significantly driven by the move towards renewable energy sources. Solar and wind energy system integration has increased as nations work to cut carbon emissions and meet climate goals. In order to store and use the excess energy produced during periods of peak production, gel batteries are an essential component of energy storage solutions for these systems. Their capacity to function effectively in off-grid scenarios makes them especially appealing in isolated locations where conventional power sources are impractical. Additionally, it is anticipated that the market for gel batteries will continue to grow as a result of the increased focus on sustainable energy sources.

Restraint:

Increased start-up expenses

Gel batteries are typically more expensive initially than conventional flooded lead-acid batteries. For customers and companies searching for affordable energy storage solutions, this price disparity may be a deterrent, especially in price-sensitive markets. Furthermore, gel batteries have a longer lifespan and require less maintenance, which saves money over time, but the initial cost may put off buyers who are more concerned with immediate expenses.

Opportunity:

Greater concentration on energy storage devices

Energy storage solutions are becoming increasingly important to a variety of industries due to the emergence of smart grids and the requirement for dependable backup power systems. In environments where reliable power supply is essential, such as data centers, telecommunications, and uninterruptible power supplies (UPS), gel batteries can be extremely helpful. Moreover, manufacturers of gel batteries stand to benefit greatly from the growing demand for energy storage systems to control peak loads and improve grid stability.

Threat:

Advanced battery technologies competition

Advanced battery technologies like lithium-ion and nickel-based batteries are fierce competitors in the gel battery market. These substitutes provide longer lifespans, quicker charging times, and greater energy densities, which makes them more and more appealing to consumers and companies. Additionally, gel batteries are seriously threatened by lithium-ion batteries as their costs continue to drop as a result of economies of scale and technological advancements, especially in industries where performance and cost are critical, like consumer electronics and electric mobility.

Covid-19 Impact: 

Due to stringent lockdowns and containment measures that interrupted supply chains and production, the COVID-19 pandemic had a major effect on the gel battery market. Energy storage system demand sharply decreased as a result of the implementation of these regulations, which caused a worldwide halt to industrial activity. China, being the epicenter of the pandemic, experienced significant disruptions in the supply of raw materials required for the manufacturing of gel batteries, including sulfuric acid and lead. The difficulties faced by manufacturers were thus made even more difficult by delays in the supply of these materials. 

The Standard Gel Batteries segment is expected to be the largest during the forecast period

The market segment with the largest share is standard gel batteries. This segment is distinguished by its broad application in multiple fields, such as renewable energy storage, telecommunication, and electric mobility. Standard gel batteries are preferred because of their low maintenance needs, spill-proof construction, and capacity to function well in ventilated areas. They are frequently utilized in solar energy systems and other similar applications, where their longevity and dependability make them perfect for energy storage. 

The Energy Storage & Distribution segment is expected to have the highest CAGR during the forecast period

Over the course of the forecast period, the Energy Storage & Distribution segment is expected to grow at the highest CAGR. The growing use of renewable energy sources like solar and wind power, which call for effective and dependable energy storage solutions, is what is driving this market. Because gel batteries require little maintenance and can operate well in off-grid conditions, they are especially well suited for these kinds of applications. Additionally, the need for gel batteries in energy storage systems is anticipated to increase dramatically as more people and companies look for environmentally friendly energy options.

Region with largest share:

Due to growing investments in electric vehicles and renewable energy, Europe is a major player in the gel battery market, controlling the largest share. Environmental regulations and a strong emphasis on sustainability drive the adoption of clean energy solutions in the European market. Furthermore, there is an increasing need for dependable battery technologies that can support these applications due to Europe's growing demand for electric vehicles (EVs).  

Region with highest CAGR:

The gel battery market is anticipated to grow at the highest CAGR in the Asia-Pacific region. The primary driver of this growth is the growing need for energy storage solutions, especially in the context of renewable energy applications like wind and solar power. The area benefits from a strong manufacturing base, with nations like China leading the way in battery production capacity and home to a large number of suppliers and manufacturers of gel batteries. Moreover, the fact that China currently has 93 ""gigafactories"" and that number is expected to rise to 140 by 2030 highlights the region's leadership in the world battery market.  

Key players in the market

Some of the key players in Gel Battery market include EnerSys, Canbat Technologies Inc., Wolong Electric Group Co. Ltd., ABB, Vision Group, Leoch International Technology Limited Inc., C&D Technologies, Inc., Exide Technologies, Storage Battery Systems, LLC, Power-Sonic Corporation, BSB Power Company Limited and JYC Battery Manufacturing Co., Ltd.

Key Developments:

In September 2024, ABB has signed a Memorandum of Understanding (MoU) agreement with US company Argent LNG to collaborate on automation and electrical solutions for a liquefaction facility at Port Fourchon in Louisiana, approximately 150 kilometers south of New Orleans.

In May 2024, Stored energy technologies provider EnerSys has entered into a definitive agreement to acquire for $208 million Bren-Tronics, a manufacturer of portable power products for defense customers. EnerSys said it expects to close the all-cash transaction by the second quarter of 2024. 

In January 2024, Vision Group has entered a fresh partnership with the United Nations Development Programme (UNDP) in an effort to inspire Uganda towards sustainable development. This, according to the two parties, will be done through promoting the country’s innovations, entrepreneurship and industrialization.

Product Types Covered:
• Standard Gel Batteries
• Deep Cycle Gel Batteries
• Hybrid Gel Batteries
• Other Product Types 
 
Types Covered:
• Stationary
• Motive 

Voltages Covered:
• 2V
• 6V
• 12V
• Above 12V 

Applications Covered:
• Automotive
• Energy Storage & Distribution
• Telecommunications
• Electric Mobility
• UPS (Uninterruptible Power Supply)
• Emergency Power Systems
• Others Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

According to Stratistics MRC, the Global Gel Battery Market is accounted for $2.43 billion in 2024 and is expected to reach $3.49 billion by 2030 growing at a CAGR of 6.2% during the forecast period. Gel batteries are a particular kind of valve-regulated lead-acid battery that uses an electrolyte that resembles gel that is created by combining silica and sulphuric acid. Because of their non-spillable and maintenance-free design, they can be installed in a variety of orientations, making them perfect for tight spaces or delicate settings. Moreover, gel batteries are a good fit for deep-cycle applications like electric vehicles and renewable energy systems because they reduce problems like evaporation and acid stratification, increasing their longevity. To prevent damage from overcharging, which can result in gel hardening and decreased capacity, they need to be charged according to certain protocols.

According to the report, sales have increased by 20% this quarter, indicating a strong recovery in the market following previous downturns. This growth may be attributed to effective marketing strategies and improved customer engagement, positioning the company for further expansion.

Market Dynamics: 

Driver: 

Growing interest in renewable energy

The market for gel batteries is significantly driven by the move towards renewable energy sources. Solar and wind energy system integration has increased as nations work to cut carbon emissions and meet climate goals. In order to store and use the excess energy produced during periods of peak production, gel batteries are an essential component of energy storage solutions for these systems. Their capacity to function effectively in off-grid scenarios makes them especially appealing in isolated locations where conventional power sources are impractical. Additionally, it is anticipated that the market for gel batteries will continue to grow as a result of the increased focus on sustainable energy sources.

Restraint:

Increased start-up expenses

Gel batteries are typically more expensive initially than conventional flooded lead-acid batteries. For customers and companies searching for affordable energy storage solutions, this price disparity may be a deterrent, especially in price-sensitive markets. Furthermore, gel batteries have a longer lifespan and require less maintenance, which saves money over time, but the initial cost may put off buyers who are more concerned with immediate expenses.

Opportunity:

Greater concentration on energy storage devices

Energy storage solutions are becoming increasingly important to a variety of industries due to the emergence of smart grids and the requirement for dependable backup power systems. In environments where reliable power supply is essential, such as data centers, telecommunications, and uninterruptible power supplies (UPS), gel batteries can be extremely helpful. Moreover, manufacturers of gel batteries stand to benefit greatly from the growing demand for energy storage systems to control peak loads and improve grid stability.

Threat:

Advanced battery technologies competition

Advanced battery technologies like lithium-ion and nickel-based batteries are fierce competitors in the gel battery market. These substitutes provide longer lifespans, quicker charging times, and greater energy densities, which makes them more and more appealing to consumers and companies. Additionally, gel batteries are seriously threatened by lithium-ion batteries as their costs continue to drop as a result of economies of scale and technological advancements, especially in industries where performance and cost are critical, like consumer electronics and electric mobility.

Covid-19 Impact: 

Due to stringent lockdowns and containment measures that interrupted supply chains and production, the COVID-19 pandemic had a major effect on the gel battery market. Energy storage system demand sharply decreased as a result of the implementation of these regulations, which caused a worldwide halt to industrial activity. China, being the epicenter of the pandemic, experienced significant disruptions in the supply of raw materials required for the manufacturing of gel batteries, including sulfuric acid and lead. The difficulties faced by manufacturers were thus made even more difficult by delays in the supply of these materials. 

The Standard Gel Batteries segment is expected to be the largest during the forecast period

The market segment with the largest share is standard gel batteries. This segment is distinguished by its broad application in multiple fields, such as renewable energy storage, telecommunication, and electric mobility. Standard gel batteries are preferred because of their low maintenance needs, spill-proof construction, and capacity to function well in ventilated areas. They are frequently utilized in solar energy systems and other similar applications, where their longevity and dependability make them perfect for energy storage. 

The Energy Storage & Distribution segment is expected to have the highest CAGR during the forecast period

Over the course of the forecast period, the Energy Storage & Distribution segment is expected to grow at the highest CAGR. The growing use of renewable energy sources like solar and wind power, which call for effective and dependable energy storage solutions, is what is driving this market. Because gel batteries require little maintenance and can operate well in off-grid conditions, they are especially well suited for these kinds of applications. Additionally, the need for gel batteries in energy storage systems is anticipated to increase dramatically as more people and companies look for environmentally friendly energy options.

Region with largest share:

Due to growing investments in electric vehicles and renewable energy, Europe is a major player in the gel battery market, controlling the largest share. Environmental regulations and a strong emphasis on sustainability drive the adoption of clean energy solutions in the European market. Furthermore, there is an increasing need for dependable battery technologies that can support these applications due to Europe's growing demand for electric vehicles (EVs).  

Region with highest CAGR:

The gel battery market is anticipated to grow at the highest CAGR in the Asia-Pacific region. The primary driver of this growth is the growing need for energy storage solutions, especially in the context of renewable energy applications like wind and solar power. The area benefits from a strong manufacturing base, with nations like China leading the way in battery production capacity and home to a large number of suppliers and manufacturers of gel batteries. Moreover, the fact that China currently has 93 ""gigafactories"" and that number is expected to rise to 140 by 2030 highlights the region's leadership in the world battery market.  

Key players in the market

Some of the key players in Gel Battery market include EnerSys, Canbat Technologies Inc., Wolong Electric Group Co. Ltd., ABB, Vision Group, Leoch International Technology Limited Inc., C&D Technologies, Inc., Exide Technologies, Storage Battery Systems, LLC, Power-Sonic Corporation, BSB Power Company Limited and JYC Battery Manufacturing Co., Ltd.

Key Developments:

In September 2024, ABB has signed a Memorandum of Understanding (MoU) agreement with US company Argent LNG to collaborate on automation and electrical solutions for a liquefaction facility at Port Fourchon in Louisiana, approximately 150 kilometers south of New Orleans.

In May 2024, Stored energy technologies provider EnerSys has entered into a definitive agreement to acquire for $208 million Bren-Tronics, a manufacturer of portable power products for defense customers. EnerSys said it expects to close the all-cash transaction by the second quarter of 2024. 

In January 2024, Vision Group has entered a fresh partnership with the United Nations Development Programme (UNDP) in an effort to inspire Uganda towards sustainable development. This, according to the two parties, will be done through promoting the country’s innovations, entrepreneurship and industrialization.

Product Types Covered:
• Standard Gel Batteries
• Deep Cycle Gel Batteries
• Hybrid Gel Batteries
• Other Product Types 
 
Types Covered:
• Stationary
• Motive 

Voltages Covered:
• 2V
• 6V
• 12V
• Above 12V 

Applications Covered:
• Automotive
• Energy Storage & Distribution
• Telecommunications
• Electric Mobility
• UPS (Uninterruptible Power Supply)
• Emergency Power Systems
• Others Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances