Gel Deep Cycle Battery Market Size was valued at USD XX Billion in 2022. The Gel Deep Cycle Battery market industry is projected to grow from USD XX Billion in 2023 to USD XX Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.00% during the forecast period (2023 - 2032). Growing popularity in marine applications and advancements in gel battery technology are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Smart home technology integration allows users to optimize energy management stored in gel deep cycle batteries. The ability of smart home systems to assess energy usage patterns results in more efficient use of stored energy and reduced overall energy costs. Smart home integration allows Users to monitor and operate their gel deep cycle battery systems remotely. This improves convenience and guarantees that consumers may use web interfaces or mobile apps to control their energy storage solutions from any location. Smart home technology can offer in-depth information about the patterns of energy use in a household. By examining these insights, users may maximize energy efficiency and extend battery life by determining when to charge or discharge their gel batteries.
Deep cycle gel batteries are a great way to store extra energy produced by home solar photovoltaic (PV) systems. The need for dependable energy storage devices, like gel deep cycle batteries, to store excess energy for later use is growing as more homes invest in solar power. More and more homeowners are considering off-grid living options and pursuing energy independence. Residents can strive towards greater self-sufficiency by storing energy during periods of plentiful solar generation and using it during periods of poor or no solar generation due to gel deep cycle batteries.
Furthermore, the utility-scale solar PV industry in the US has led the entire solar market in terms of installed capacity, making up around 60% of installed capacity in 2022. USD 98 billion will be invested in 467 solar projects during the next five years until 2028. Texas (USD 27 billion), New York (USD 7 billion), Indiana (USD 6 billion), California (USD 6 billion), Ohio (USD 6 billion), and Nevada (USD 6 billion) are the USA regions that will spend the most on ground-mounted solar power projects over the next ten years.
RVs' deep cycling needs are ideally suited for gel deep cycle batteries. They are perfect for serving as a dependable power supply in mobile applications because of their capacity to withstand numerous deep discharges without compromising performance. RV owners will find gel batteries convenient as they are sealed and require no maintenance. Users who appreciate hassle-free power solutions in their cars will find this feature especially tempting since it eliminates the need for routine maintenance inspections. Thus driving the gel deep cycle battery market revenue.
Based on type, the Gel Deep Cycle Battery market segmentation includes flooded lead-acid batteries (FLA) and valve-regulated lead-acid batteries (VRLA). The flooded lead-acid batteries (FLA) segment dominated the market. Traditional automobile applications use flooded lead-acid batteries, which supply the energy needed to start engines and run lighting systems. Conventional automobiles still use FLA batteries extensively, even though gel batteries are more prevalent in deep-cycle applications.
The valve-regulated lead-acid batteries (VRLA) segment is expected to be the fastest-growing segment of the gel deep cycle battery market during the forecast period. Gel deep cycle batteries and other VRLA batteries are widely utilized in renewable energy storage systems, like solar and wind power plants. For low or no output usage, they store extra energy produced during high renewable energy seasons.
Figure 1: Gel Deep Cycle Battery Market, by Type, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Based on application, the Gel Deep Cycle Battery market segmentation includes stationary, automotive, and motive platforms. The automotive category has the largest market share. Certain off-road or utility vehicles may use gel deep-cycle batteries to operate winches, attachments, and other equipment. Gel batteries are appropriate for situations where the battery experiences repeated charging and discharging cycles due to its deep cycling capabilities.
Throughout the forecast period, the gel deep cycle battery market’s stationary segment is anticipated to grow at the quickest rate. UPS systems frequently use gel deep cycle batteries as a backup power source in the event of an electrical grid failure. They guarantee a steady and dependable power supply to vital equipment in data centers, hospitals, and other establishments where unbroken power is necessary.
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American gel deep cycle battery market will dominate this market, owing to North America's significant increase in the residential solar sector. Especially in areas where net metering regulations are in place, gel deep cycle batteries, which are well-known for their compatibility with solar systems, offer a practical way to store extra energy produced by home solar panels. Renewable energy sources, like wind and solar electricity, have become much more popular in North America. To support the region's efforts to transition to a more environmentally friendly and sustainable energy landscape, gel deep cycle batteries are essential for storing the intermittent energy produced from these sources.
Further, the major countries studied in the market report are The US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: Gel Deep Cycle Battery Market Share By Region 2022 (Usd Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe's Gel Deep Cycle Battery market accounts for the second-largest market share because Europe is making significant investments in smart grid technologies to improve the electricity system's dependability and efficiency. These smart grid systems incorporate gel deep cycle batteries, which offer energy storage options that assist load balancing, grid stability, and the incorporation of renewable energy sources. Further, the German Gel Deep Cycle Battery market held the largest market share, and the UK Gel Deep Cycle Battery market was the fastest growing market in the European region.
The Asia-Pacific Gel Deep Cycle Battery Market is expected to grow fastest from 2023 to 2032. This is due to the adoption of electric vehicles leading the world in the Asia Pacific. Because of their capacity for deep cycling, gel deep cycle batteries are often used in electric vehicles, supporting regional initiatives to lower carbon emissions and advance sustainable mobility. Moreover, China’s Gel Deep Cycle Battery market held the largest market share, and the Indian Gel Deep Cycle Battery market was the fastest-growing market in the Asia-Pacific region.
The gel deep cycle battery market continues to grow due to major players investing heavily in R&D to expand their product offerings. Market participants are also taking part in several strategic initiatives to strengthen their footprint. The industry has seen significant development with the launch of new goods, agreements, mergers and acquisitions, higher investment, and collaboration with other companies. For the gel deep cycle battery industry to expand and prosper in a market that is becoming more competitive and expanding, it must offer reasonably priced products.
Manufacturing locally to save operational costs is one of the main business tactics manufacturers adopt in the worldwide gel deep cycle battery industry to support clients and expand the market sector. The gel deep-cycle battery industry has brought about some of the greatest medical advances in recent years. Major players in the gel deep cycle battery market, including C&D Technologies Inc., Trojan Battery, Crown Battery Manufacturing Co., East Penn Manufacturing Co. Inc., S. Battery Manufacturing Company, Johnson Controls International Plc, EnerSys, EverExceed Industrial Co. Ltd., Exide Technologies, Rolls Battery, GS Yuasa Corp., HBL Power Systems Ltd., and others, are attempting to increase market demand by investing in research and development operations.
The top producer of deep-cycle batteries worldwide is the Trojan Battery Company. Trojan has nearly 95 years of battery manufacturing history, and its products range from deep-cycle flooded batteries to deep-cycle AGM and gel batteries. Trojan has changed the field of deep-cycle battery technology. Trojan spearheaded the development of deep-cycle battery technology for the golf business with the invention of the golf car battery for the Autoette vehicle in 1952, effectively bringing mobilization to the game of golf. Trojan started a heritage of invention and leadership with this, and it continues to this day in the deep-cycle worldwide markets that cover applications for golf, renewable energy, transportation, floor machines, aerial work platforms, marine vehicles, and recreational vehicles. Trojan introduced its new line of Plus Series Gel batteries in January 2022. These batteries are made especially for demanding applications, with a larger capacity and longer lifespan. Compared to conventional gel batteries, these batteries provided up to 30% more cycle life and 20% more amp-hour capacity.
Technology and multi-industry companies comprise Johnson Controls International Plc (Johnson Controls). It designs, develops, produces, and installs systems and products for buildings. Its many products and services include HVAC equipment, distributed energy storage, fire suppression, industrial refrigeration, digital solutions, building automation and controls, smart home and residential security, and retail solutions. Johnson Controls provides data-driven solutions, energy management guidance, and technical support. Customers in the residential and non-residential building markets are served by it. The corporation uses a network of offices to sell its equipment and provide services.
November 2022:Trojan introduced its "Trojan University" virtual learning platform, providing instructional courses covering several facets of deep cycle battery science and particular guidance on gel battery upkeep and operation. This program aimed to guarantee the best possible battery performance and improve customer knowledge.
January 2022:The new Sure Power® GFL Series of premium gel deep cycle batteries from C&D offers improved cycle life and performance for demanding applications such as off-grid systems, maritime applications, and renewable energy storage.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD XX Billion |
| Market Size 2023 | USD XX Billion |
| Market Size 2032 | USD XX Billion |
| Compound Annual Growth Rate (CAGR) | 5.00% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Application, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | C&D Technologies Inc., Trojan Battery, Crown Battery Manufacturing Co., East Penn Manufacturing Co. Inc., S. Battery Manufacturing Company, Johnson Controls International Plc, EnerSys, EverExceed Industrial Co. Ltd., Exide Technologies, Rolls Battery, GS Yuasa Corp., HBL Power Systems Ltd., and others |
| Key Market Opportunities | Increasing military and defense applications and innovations in hybrid energy systems |
| Key Market Dynamics | Growing popularity in marine applications and advancements in gel battery technology |
Frequently Asked Questions (FAQ) :
The gel deep cycle battery market size was valued at USD XX Billion in 2022.
The market is projected to grow at a CAGR of 5.00% during the forecast period, 2023-2032.
North America had the largest share of the market
The key players in the market are C&D Technologies Inc., Trojan Battery, Crown Battery Manufacturing Co., East Penn Manufacturing Co. Inc., S. Battery Manufacturing Company, Johnson Controls International Plc, EnerSys, EverExceed Industrial Co. Ltd., Exide Technologies, Rolls Battery, GS Yuasa Corp., HBL Power Systems Ltd., and others.
The flooded lead-acid batteries (FLA) category dominated the market in 2022.
The automotive had the largest share of the market.
Analyst Explore the profile of garvit vyas, one of our esteemed authors at market research future, and access their expert research contributions in the field of market research and industry analysis
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
