According to a new market research report published by Global Insight Services “ Absorbent Glass Mat Battery Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
An absorbent glass mat (AGM) battery is a lead-acid battery in which the electrolyte is suspended in an absorbent glass mat (AGM) separator between the lead plates, instead of being in liquid form as in a flooded lead-acid battery. The advantage of an AGM battery over a flooded lead-acid battery is that it is maintenance-free and can be used in any orientation without the risk of leakage. AGM batteries are also more resistant to vibration and shock, making them ideal for use in vehicles.
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Top Key Players in Absorbent Glass Mat Battery market: Clarios, Power-Sonic Corporation, Exide Technologies, C&D Technologies, East Penn Manufacturing Company
Key Trends
Increased Efficiency: Newer generations of AGM batteries are more efficient than older ones, meaning they require less energy to charge and discharge. This improved efficiency is due to advances in the manufacturing process and the use of more sophisticated materials.
Key Drivers
The key drivers of the Absorbent Glass Mat Battery market are the increasing demand for stop-start vehicles and the stringent emission norms.The stop-start technology is being increasingly adopted in vehicles to reduce fuel consumption and emissions. This technology requires batteries that can withstand frequent charging and discharging cycles.
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Market Segments
The absorbent glass mat battery market is segmented by type, application, end-user, and region. By type, the market is classified into stationary, and motive. Based on application, it is bifurcated into automotive, UPS, industrial, and others. On the basis of end-user, it is divided into OEM, and aftermarket. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World.
Reasons to buy Absorbent Glass Mat Battery Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
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