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Stationary VRLA Battery Market Size
- Report ID: GMI9492
- Published Date: May 2024
- Report Format: PDF
Stationary VRLA Battery Market Size
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 |
|---|---|
| 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 |
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Frequently Asked Questions (FAQ) :
Stationary VRLA Battery Market Scope
