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Stationary VRLA Battery Market size in 2023 was valued at USD 5 billion and is projected to grow at a CAGR of 3.2% between 2024 and 2032. Increasing adoption of renewable energy sources along with rapidly expansion of telecom and data center infrastructure will complement the product adoption. The rising demand for continuous uptime and reliable backup power solutions in line with growing need for VRLA batteries to provide uninterrupted power supply during grid outages will foster industry landscape.
For instance, in April 2021, India's government has unveiled an ambitious initiative aiming to achieve 450 gigawatts of renewable energy capacity by 2030, with a pledge to derive 40% of its electricity from clean energy sources by 2032.
A stationary VRLA battery is a type of rechargeable battery designed for stationary applications where a reliable and maintenance-free power source is required. These batteries are primarily used in applications including telecommunications, UPS, emergency lighting, renewable energy storage systems, and standby power for critical infrastructure. Ongoing advancements in battery technology including improvements in energy density, cycle life, and safety are the key parameters will augment industry scenario.
Report Attribute | Details |
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Base Year: | 2023 |
Stationary VRLA Battery Market Size in 2023: | USD 5 Billion |
Forecast Period: | 2024 to 2032 |
Forecast Period 2024 to 2032 CAGR: | 3.2% |
2032 Value Projection: | USD 6.8 Billion |
Historical Data for: | 2021 - 2023 |
No. of Pages: | 120 |
Tables, Charts & Figures: | 50 |
Segments covered: | Application, Technology, Sales Channel, and Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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The industry is anticipated to witness on account of their maintenance free, ensuring safe operation, and preventing over pressurization. Favorable government policies, incentives, and stringent regulations norms along with rapidly increasing demand for energy storage deployment and renewable energy integration will further drive the lead acid battery market. Moreover, government authorities in line with key industry players are continuous focusing on improving energy efficiency and reducing carbon emissions, which in turn will stimulate the industry outlook.
The UPS stationary VRLA battery industry will exceed USD 2.5 billion by 2032. There is a growing need for reliable power solutions to ensure continuous operation of critical systems coupled with increasing expansion of data centers will proliferate the product deployment. UPS systems serve as an essential component of energy storage systems, storing excess energy generated from renewable sources and providing backup power during periods of low energy production or grid outages. In addition, growing advancements in battery technologies to enhance performance and efficiency of UPS systems, thereby driving business growth.
The AGM stationary VRLA battery market size will witness a CAGR of over 3% till 2032. These batteries witnessed a significant growth owing to their efficient energy storage solutions and storing excess energy generated during peak production periods. Burgeoning telecommunication sector with the deployment of 5G networks, IoT (Internet of Things) devices, and increasing connectivity demands will influence the industry landscape. Furthermore, the rapid expansion of data centers infrastructure driven by increasing data storage and processing demands, is driving demand for reliable backup power solutions.
Asia Pacific stationary VRLA battery market is set to surpass over USD 3.5 billion by 2032. The region is projected to grow owing to rapid industrialization and urbanization along with growing need for power backup solutions to support critical infrastructure, data centers, and telecommunications. Continuous investment in renewable energy sources comprising of solar and wind power to meet their growing energy demands will sway the business growth. Government policies and regulations promoting the deployment of clean energy technologies and enhancing energy security are fueling the demand for stationary VRLA batteries.
U.S. market is set to witness an upsurge on account of their high energy density, low maintenance requirements and cost-effectiveness. The expansion of telecommunication networks, driven by the increasing demand for mobile data and internet services, is driving the demand for backup power solutions. Government initiatives at the federal, state, and local levels are supporting the deployment of energy storage technologies will drive the demand for these battery technologies.
Clarios designs, manufactures, and supplies advanced storage battery systems. It sells its battery solutions under various brand names: Varta, Optima Batteries, LTH, Heliar, Delkor, and MAC. The products offered by the company include low-voltage lithium-ion batteries, absorbent glass mat batteries, standard lead-acid batteries, and enhanced flooded batteries. Clarios has more than 50 manufacturing and recycling & distribution centers across the globe. In addition, the company has six research & development facilities and 16 R&D partnerships to be at a competitive edge in the global markets. The company operates as a subsidiary of Brookfield Business Partners.
The key industry players include:
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Market, By Application
Market, By Technology
Market, By Sales Channel
The above information has been provided for the following regions and countries: