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Gel Battery Market is Expected to Foster the Industry Growth 2021–2027 Asia-Pacific dominated the gel battery market with a share of over 39.9% in 2019, in terms of revenue tusharJuly 8, 2021 Gel Battery Market The gel battery market size was valued at $1.8 billion in 2019, and is projected to reach $2.6 billion by 2027, growing at a CAGR of 4.2% from 2020 to 2027. The gel battery market is driven owing to its adoption in numerous applications such as telecommunication, uninterrupted power supply (UPS), and others. This is attributed to its beneficial specifications such as less maintenance, leakage proof, high compatibility with sensitive electronic equipment, lowest cost-per-month, and others. However, high initial costs, requirement of special chargers as well as regulator are some of the factors expected to hinder the gel battery market growth.

United statesPawan kumarLeoch international technology limited incBusiness intelligence solutionsCanbat technologies incBattery manufacturing co ltdPower sonic corporation psPower companyCd technologies incMarket researchStorage battery systemsVision groupChangsha co ltdExide technologiesCompany limitedPower sonic corporation