Market Definition
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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Market Outlook
The key trends in Absorbent Glass Mat Battery technology are:
- 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.
- Improved Durability: AGM batteries are designed to withstand more vibration and shock than traditional lead-acid batteries. This makes them ideal for use in applications such as automotive and marine applications where there is a lot of movement.
- Increased Capacity: AGM batteries have a higher capacity than traditional lead-acid batteries, meaning they can store more energy. This is especially beneficial for applications that require a lot of power, such as electric vehicles.
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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.
The stringent emission norms in developed countries are also driving the demand for absorbent glass mat batteries. These batteries help in reducing the emission of greenhouse gases and other pollutants from vehicles.
Research Objectives
- Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
- Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
- Identify factors influencing market growth and challenges, opportunities, drivers and restraints
- Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
- Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
- Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
- To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
- Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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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.
Key Players
The global absorbent glass mat battery market includes players such as Clarios, Power-Sonic Corporation, Exide Technologies, C&D Technologies, East Penn Manufacturing Company, Universal Power Group, Fullriver Battery, EnerSys, Robert Bosch GmbH, Odyssey Batteries, and others.
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Research Scope
- Scope – Highlights, Trends, Insights. Attractiveness, Forecast
- Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
- Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
- Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
- Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
- Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis
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