Below are some of the key findings from the gel batteries market research report:
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Global gel batteries industry overview
The growth in microgrid installations is one of the crucial factors triggering the gel batteries market growth. The robust nature of microgrids over the traditional grid systems is encouraging its demand and deployment. Microgrids can also operate in both island mode as well as grid-connected mode. Therefore, it is generally used to overcome challenges faced by conventional grids. As gel batteries need low maintenance and provide extended quality services, they are well suited for operations in extreme temperature conditions. Subsequently, they can be used efficiently for microgrids. As the microgrid installations grow, it will, in turn, create a higher demand for gel batteries.
The supportive government policies for battery recycling is a significant trend, which will further stimulate gel batteries market growth. Gel batteries such as valve-regulated lead-acid batteries require recycling to reduce the harmful impacts of lead on the environment. To encourage this, several governments have introduced steps to ensure safe battery disposal. The US and Canada governments together established the Corporation of Battery Recycling for this purpose. The government of Australia and the European Commission have also launched various regulations and initiatives to support battery recycling. These initiatives will provide support to the adoption of gel batteries. The gel batteries market forecast report predicts that fueled by these factors, the market will grow at a CAGR of over 3% during the forecast period.
Top gel batteries companies covered in this market research report
The gel batteries market is highly fragmented and is open to opportunities for the market players. Players are leveraging with advanced technologies to offer high-quality products to meet the evolving customer needs. By providing a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this gel batteries industry analysis report is designed to aid clients to identify growth opportunities and make informed business decisions.
The report offers a complete analysis of various companies including:
- East Penn Manufacturing
- EnerSys
- Exide Technologies
- Leoch Battery
- Narada Power
- Trojan Battery
Gel batteries market segmentation based on geographic regions
- Americas
- APAC
- EMEA
Global gel batteries market analysis reveals that the APAC region will lead the gel batteries market share during the forecast period. APAC will also register the highest incremental growth during the same period.
Gel batteries market segmentation based on applications
- Stationary
- Motive
- Automotive
The stationary application segment will dominate the gel batteries market share during the forecast period. This segment will also account for the highest gel batteries market growth. Additionally, the report will also provide an accurate prediction of the contribution of the various application segments to the growth of the gel batteries market size.
Key highlights of the global gel batteries market for the forecast years 2018-2022:
- CAGR of the market during the forecast period 2018-2022
- Detailed information on factors that will accelerate the growth of the gel batteries market during the next five years
- Precise estimation of the global gel batteries market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- Growth of the gel batteries industry across the Americas, APAC, and EMEA
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on the factors that will challenge the growth of the gel batteries companies
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