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VRLA Battery Market Size

Report ID: GMI5509
Published Date: Mar 2023
Report Format: PDF

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VRLA Battery Market Size

VRLA Battery Market size valued at USD 19.8 billion in 2022 and is projected to expand a t more than 3% CAGR from 2023 to 2032.

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The surging number of data centers worldwide is expected to consolidate the demand for VRLA (Valve Regulated Lead Acid) batteries. The robust developments in data centers owing to strict laws for data security are offering lucrative business prospects for the industry players. With the rising expenditure on data center power backups for operating during outages, VRLA batteries are gaining significant momentum. These battery technologies offer numerous benefits in data center infrastructures, including cost-competitive value proposition allowing consumers access to low-maintenance alternatives to conventional VLA battery units. Moreover, the ongoing developments for the integration of VRLA units in uninterrupted power supply (UPS) will spur business growth.

VRLA Battery Market Report Attributes
Report Attribute	Details
Base Year:	2022
VRLA Battery Market Size in 2022:	19.8 Billion USD
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	3%
2032 Value Projection:	26.7 Billion USD
Historical Data for:	2019 to 2022
No. of Pages:	700
Tables, Charts & Figures:	1,293
Segments covered:	Technology, Application, Sales Channel
Growth Drivers:	Global Cost competitive solution for energy storage North America & Europe Robust development of data centers Surging demand for uninterrupted power supply Asia Pacific Burgeoning expansion in the automotive industry Flourishing real estate sector Technological advancements in the telecom sector Middle East, Africa & Latin America Declining battery costs Increasing investments across the construction sector
Pitfalls & Challenges:	Surging penetration of lithium-ion batteries Implementation of strict government policies

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Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of VRLA battery crossed USD 19.8 billion in 2022 and is slated to register 3% gains through 2032.

The SLI applications is estimated to reach over USD 18 billion by 2032 due to the ongoing electrification of locomotives.

The Asia Pacific market size is poised to expand at 3.4% CAGR from 2023 to 2032 driven by the rising EV sales in China and India.

EXIDE INDUSTRIES, EnerSys, MUTLU, Clarios, MUSTPOWER, Z-Power Impex, EverExceed Industrial, NorthBatt, Champion Power Tech, and Zibo Torch Energy are some of the major manufacturers of VRLA batteries.