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Valve Regulated Lead Acid (VRLA) Batteries

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The research report on valve regulated lead acid (VRLA) batteries market segments the global market by product type (Absorbent Glass Mat (AGM) and Gelled Electrolyte (Gel)), and by application (Automotive, Stationery, Electronics, Aerospace, and Oth
Valve Regulated Lead Acid (VRLA) Batteries Market
- Trends, Outlook, and Opportunity Analysis,
2018-2026
Valve regulated lead acid (VRLA) batteries are used as a main storage energy,
owing to its unique properties such as power density, elimination of gassing, safety
profile, and low maintenance cost. This battery is also used for power applications
that conventionally depend on cells, which include portable electrical devices and
other applications that require affordable large-scale power storage and off-grid
power systems. The valve regulated lead acid (VRLA) batteries have two types: the
absorbed glass mat (AGM) and Gelled electrolyte (Gel).
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Major factors affecting growth of the valve regulated lead acid batteries market are
increasing consumption of these batteries in the automotive industry mainly in two
wheelers. According to India Brand Equity Foundation (IBEF), the production and
consumption of two wheelers was significantly high and accounted for about 78.6%
of the total automotive sector in the country, for example, two wheeler industry
recorded sale of 1.42 million units in October 2016 in India. VRLA batteries gives the
superior cranking power and better resistance to vibration and reliable battery also
provide low self-discharge. Valve regulated lead acid batteries are preferred, due to
its safe handling capability, which is necessary to ensure proper product functionality
like emergency lighting, engine starter and telecom backup power supply during the
power outages. VRLA batteries are preferred for stationery applications such as
monitoring which includes periodic physical inspection, measurement and recording
of each cell of battery. Other benefits of VRLA batteries include maintenance free
life, high charge efficiency, moderate service life, high rate-capacity, no electrolyte
leakage, therefore providing a safe battery for any orientation. In addition to this,
VRLA batteries are rechargeable, which is a highly desirable property among
consumers in recent times.
Proper handling, ventilation, and other maintenance issues are factors expected to
be a restraining factor for growth of the VRLA batteries market. Life span of the
battery is another factor negatively affecting growth of the VRLA batteries market.
The life span of VRLA batteries is three to five years based on the maintenance,
which is very short as compare to other flooded batteries, which provides life span of
20 years.
Demand for more specific batteries that are durable, with better quality, safety, and
performance is increasing. Therefore, manufactures are focusing on these
parameter to meet their customer need in developed markets across the globe. For
instance, East Penn Manufacturing Co., Inc.’s subsidiary Ecoult, launched Energy
Storage Project of Public Service Co. of New Mexico (PNM) in Albuquerque, U.S in
October 2011. This project integrated an advanced valve regulated lead acid
(VRLA), which plays a key role in solar energy storage also use to provide voltage
smoothing for consistent energy level and peak shifting to deliver energy when it
required.
In global valve regulated lead acid batteries market the absorbent glass mat
segment is expected to exhibit high growth over the forecast period. AGM offers high
performance in cold temperatures along with other advantages such as water
retention, vibration resistance acid encapsulation, and also charges much faster than
other flooded batteries. Furthermore, AGM batteries require less maintenance.
The presence of leading automobile companies which include Toyota, The Ford
Motor Company, General Motors, and Fiat Chrysler Automobiles N.V. has
augmented the demand for lead acid batteries in North America. According to the
International Trade Association, exports of automotive parts from the U.S has shown
a steady growth from US$ 5 billion in 2012 to US$ 7.2 billion by 2015.
Asia Pacific is expected to witness high growth in the global valve regulatory lead
acid market, due to increasing demand from automobile industry, and for application
in telecommunication infrastructure, solar and IT industries. Demand for lead acid
batteries is increasing from China, owing to increasing adoption in automobile,
automotive, low-speed electric vehicle, and communications applications. According
to India Brand Equity Foundation (IBEF), in automobile industry, the domestic two
wheeler sale was 16.0 million in 2016 and expected to reach 50-55 million by 2026.
This is expected to aid in growth of the market in the region. Growing inclination
towards pollution-free electric vehicles coupled with technological developments is
expected to fuel demand for this in the near future.
Key Market Players
The global valve regulated lead acid battery market is characterized by presence of
large number of players. Some of the major players operating in the valve regulated
lead acid market include GS Battery (U.S.A) Inc., Exide Technologies, Panasonic
Storage Battery co., Ltd., B.B Battery Co., Ltd, Shenzhen Centre Power Tech. Co.,
Ltd, Storage Battery System, LCC, EnerSys, Fiamm Batteries S.r.l, MCA Battery
Manufacture Co., Ltd, Leoch Battery Corporation, and Daramic LLC manufacture.
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apeksha motghare
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