The global tubular gel battery market size is anticipated to witness remarkable growth on account of the increasing demand for energy consumption for various residential, commercial and industrial purposes. Fortune Business Insights studies the market in details in their report titled, â€śTubular GEL BatteryÂ Market Size, Share and Global Trend By Application (Power Plants, Transmission & Distribution, Solar and Wind Power Generation, EPS & UPS, Signal Systems & Emergency Lighting Systems, Others) and Geography Forecast till 2026.â€ť
The report on tubular gel battery market is based on facts and figures gathered from various research methods. It emphasizes on certain aspects of the market namely:
Cost-efficient and Vibration-resistant Properties of Gel Batteries to Help Market Gain Momentum
With the continuous increase in demand for energy all around the world, there is a rise in demand for tubular gel batteries and this is considered a major factor boosting the market. Additionally, the low maintenance, durability, compatibility, vibration-resistant properties of tubular gel batteries are helping to increase its popularity in the world. This ultimately will help in increasing the tubular gel batteries market share in the forecast duration. Furthermore, added features such as specialized chargers and regulators will also help the market gain momentum.
As per the current tubular gel battery market trends, the solar and wind power generation systems segment is likely to hold a significant share in the market, on the basis of segmentation by application. This is owing to the cost-efficient properties of generating power using solar and wind energy that is increasing its demand globally. Thus, this segment will witness progressive growth in the coming years as well.
Key Industry Developments
Installation of New Photovoltaic Systems to Help Gain Competitive Edge for Players
Some of the recent innovations in the tubular gel batteries market include:
July 2018 â€“Â A wide range of standby power solutions was displayed by EnerSys for applications of renewable energy. This occurred at the Intersolar North America Exhibition, in San Francisco. The company EnerSys produces an extensive range of batteries including lithium-ion, tubular flooded and gel nickel-cadmium, thin plate pure lead (TPPL), and long life lead-calcium.
April 2019Â â€“ Two new photovoltaic installations having the capacity of 3.8 MWp were announced in Portugal by Exide technologies. These batteries have a tubular plate design and provide excellent protection against any deep discharges. The entire production facility uses GNBâ€™s high-performance battery technology to back up the energy storage systems. The GNB Sonnenschein A600 installed, has maintenance-free gel technology and is popular for its performance.
The list of significant players in the tubular gel battery market include:
Key Market DriverÂ â€“ Long durability and low maintenance
Key Market RestraintÂ â€“ Availability of advanced counterparts
Key Segmental Overview:
1. By Application
2. By Geography
Surge in Demand for Wind and Solar Energy Power generators to Help Asia Pacific Continue Dominance
Geographically, Asia Pacific is currently holding the maximum tubular gel batteries market share, attributable to the surge in population and their increasing demand for energy. This demand is especially high in nations such as South Korea, India, China, and Japan. The increasing adoption of solar and wind power generation systems is further expected to create lucrative growth opportunities for the regional market. Moreover, most of the significant tubular gel battery manufacturers have their base in Asia Pacific and therefore, this region is likely to remain dominant in the forecast duration as well.
Additionally, the Europe market is expected to witness significant growth on account of surge in the adoption of solar and wind energy requiring a storage system. Furthermore, with the accelerating trends of renewable sources in the region, the Middle East and Africa market for tubular gel batteries are likely to witness lucrative growth opportunities in the coming years.
Major Table of Content For Tubular GEL Battery Market:
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