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The demand for continuous energy has been increasing all over the world, which has seen the global demand for batteries rise. To tackle the problem of growing carbon footprints there has been upgradation in the automobile industry which has seen electric vehicles enter the market. This increase in the automobile industry has increased the demand for batteries.
The tubular gel batteries are batteries in which a gelling agent is added to the electrolyte to reduce the movement of electrolyte in the battery case. This avoids the threat of spills and increases the number of the cycle which the battery can perform.
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These batteries are capable of working in the area of limited air supply as these produce low fumes as compared to the other batteries which use a liquid electrolyte. The primary application of these batteries is in the automotive sector to replace the lithium-ion batteries and lead-acid batteries. This all factors together will augment the growth of the tubular gel battery market in the given forecast period.
On the basis of application, the global tubular gel battery market can be segmented into power plants, transmission and distribution, solar and wind power generation, eps & ups, signal systems & emergency lighting systems. The increased adoption of the solar and wind power generation systems all around the world will see this segment hold a more significant market share in the given forecast period.
The key market driver for the global tubular gel battery market is the long durability and low maintenance required for these batteries as compared to other counterparts. The other advantages offered by the tubular gel batteries are characteristics such as spill-proof, higher compatibility, and vibration resistance which will drive the growth of the tubular gel battery market.
Key market restraint for the global tubular gel battery market is the availability of the other advanced components like specialized regulators and chargers, which can reduce the demand for the batteries. Another factor which can hinder the growth of the global tubular gel battery market is the high initial cost indulged in the purchase of tubular gel batteries.
Key players operating in the global tabular gel battery market are ABB, Exide Technologies, EnerSys, Vision Battery, Sacred Sun Power Sources Co., Ltd., Fiamm Energy Technology, Huafu High Technology Energy Storage Co., HOPPECKE Batteries, Inc., Dynavolt Renewable Energy Europe, Leoch Battery, Harbin Coslight Storage Battery Co.,Ltd, Wolong Electric Group Co., Ltd., BSB Power Company Limited, Shenzhen UPSEN Electronic CO., LTD, Mighty Max Battery, Fusion Battery Boost and others.
· Power Plants
· Transmission & Distribution
· Solar and Wind Power Generation
· EPS & UPS
· Signal Systems & Emergency Lighting Systems
· North America (The USA and Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
· Asia Pacific (China, India, Australia, Southeast Asia and Rest of Asia Pacific)
· Latin America (Brazil, Mexico and Rest of Latin America)
· Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
The global tubular gel battery market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific region holds the maximum share and opportunity for the growth of the tubular battery market during the given forecast period. The growth is primarily attributed to the increased energy demand from the region. The growing population and urbanization are the factors which have increased the energy demand. China, India, Japan, and South Korea are the dominant players in the region. The major players in the tubular gel battery market are from the Asia Pacific region. The growth of the tubular gel battery market in the Europe region is mainly due to the increased adoption of solar and wind energy which requires a storage system. The Middle East region and the Latin America region will have a lucrative growth rate with the growing trend of renewable sources in the regions.
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