The gel batteries market will register a CAGR of more than 3% by 2022.
Rise in 4G subscription to drive growth in the gel batteries market
With the growing subscription of 4G users globally, the need for installation of new telecom towers will also increase. These factors will boost the demand for energy storage devices in telecommunication industry during the forecast period, thus driving growth in the gel batteries market.
Increment in microgrids installation
As gel batteries are low maintenance batteries and provide longer quality services, they are well suited for operation in extreme temperatures. This will enhance the productivity and adoption of gel batteries. Thus, the deployment of gel batteries in microgrids act as one of the prominent factors in the growth of the global gel batteries market.
Increasing threat of substitutes
The gel batteries can be easily replaced by the AGM batteries and other flooded batteries due to the various advantages associated with these batteries such as cost effectiveness and better performance.
- Rise in 4G subscription
- Need for continuous power supply and power storage
- Government regulations for battery recycling
- East Penn Manufacturing
- Exide Technologies
- Leoch Battery
- Narada Power
- Trojan Battery
1. Executive Summary
2. Scope of the Report
3. Research Methodology
4. Market Landscape
5. Market Sizing
6. Five Forces Analysis
7. Market Segmentation by Application
8. Customer Landscape
9. Regional Landscape
10. Decision Framework
11. Drivers and Challenges
12. Market Trends
13. Vendor Landscape
14. Vendor Analysis
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