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VRLA Battery Market Trends

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

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VRLA Battery Market Trends

Rapid penetration of lithium-ion (Li-ion) batteries could restrain the industry outlook. Li-ion batteries are gaining significant traction, particularly in the automotive sector, as they offer a wide range of benefits of lead-acid batteries, such as compact size and longer lifecycle. Battery recharge time is a critical parameter in data center applications, increasing the adoption of UPS-integrated Li-ion batteries that can be fully charged in just two hours, whereas lead-acid units take up to 24 hours to recharge. Furthermore, Li-ion UPS systems at peak capacity allows data centers to reduce energy losses.

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.