Absorbed Glass Mat (AGM) Separator Batteries Market - Global Industry Insights, Trends, Outlook, And Opportunity Analysis, 2023-2029

Market Overview:

Global Absorbed Glass Mat (AGM) Separator Batteries Market was valued at USD 21.56 Billion in 2021 and is expected to reach USD 30.52 Billion by the year 2028, at a CAGR of 5.09%.

An innovative lead-acid battery called Absorbent Glass Mat provides greater power to support the increased electrical demands of modern cars and start-stop applications. AGM batteries are fully fixed, non-spillable, and extremely vibration-resistant. They also require no upkeep. When compared to conventional lead-acid batteries, AGM provides superior cycling performance, minimal gassing, and acid discharge. In AGM batteries, absorbent glass mats contain sulfuric acid to prevent it from running easily inside the battery and preserve the space between the positive and negative plates. Internal compression limits the shedding of cycling-related plate material and accounts for considerably extended life.

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Market Dynamics:

Driver:

The market has driven significant development throughout the period due to the growing number of makers securing their production facilities by producing maintenance-free and non-spillable batteries. Regional government rules influencing gasoline usage and carbon emissions are what is causing more and more car owners to switch to driving electric cars. The market for absorbed glass mat separator batteries is anticipated to be driven throughout the period by an increase in electric vehicle production and the widespread use of AGM separator batteries in electric vehicles.

Opportunities:

The growing emphasis on improving vehicle fuel efficiency, coupled with the increase of ordinance on the conventional vehicle has led to an increased demand for battery-powered vehicles, owing to their low carbon emission profile. This gives glass mat battery manufacturers the opportunity to increase their production base to produce larger battery capacity. This will result in expanding battery manufacturing capabilities which provide ample opportunity for the market. Many players see this as an important strategy for business growth.

Key Chapter Will Be Provided In The Report

•Patent Analysis
•Regulatory Framework
•Technology Roadmap
•BCG Matrix
•Heat Map Analysis
•Price Trend Analysis
•Investment Analysis
•Company Profiling and Competitive Positioning
•Industry Value Chain Analysis
•Market Dynamics and Factors
•Porter's Five Forces Analysis
•Pestle Analysis
•SWOT Analysis

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Segmentation Analysis of Absorbed Glass Mat (AGM) Separator Batteries Market:

Based on the Type, the deep cycle segment accounted for the maximum market share during the forecast period, owing to its supplies features like low maintenance, lowered water loss, and higher abuse tolerance in traction and golf cart batteries. AGM separator batteries are commonly employed in high-end vehicles to run features such as windshields, heated seats, mirrors, and steering wheels.

Based on the Application, the Automotive sub-segment is expected to hold a significant share of the market, owing to growth in the demand for AGM Separated batteries led by the increase in the demand for consumer electronics products and electric vehicles has turned the demand for AGM Separated batteries.

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By Type

•Deep Cycle
•Standby

By Application

•Automotive
•UPS
•Telecommunications
•Others

Additionally, we are offering company profiles for all of the major key companies. Please take the time to visit our company profiles. If you want to do any customized profiling for the companies do let us know.

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•https://introspectivemarketresearch.com/company-profiles/assa-abloy-group-company-overview/

Regional Analysis of Absorbed Glass Mat (AGM) Separator Batteries Market:

The Asia Pacific region is expected to dominate the market during the forecast period. China is a leading economy in terms of the utilization of absorbed glass mat separator batteries in the region. Growth in the automotive sector owing to an increase in urbanization, population, and industrialization is expected to fuel the demand for AGM batteries. This, in turn, is anticipated to drive the AGM separator batteries market over the forecast period. Furthermore, the demand for lead-acid batteries has been significantly high over Asia Pacific economies on account of their relatively low price. Nevertheless, sealed lead-acid batteries such as AGM separator batteries are reaching major applicability due to their maintenance-free profile. Furthermore, competitors have discovered the expansion of end-user industries of absorbed glass mat separator batteries in the region, accelerating business growth.

By Region

•North America (U.S., Canada, Mexico)
•Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
•Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
•Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
•South America (Brazil, Argentina, Rest of SA)

Players Covered in Absorbed Glass Mat (AGM) Separator Batteries Market are:

•Nippon Sheet Glass Co.Ltd.
•NINGBO BAIHENG SCIENCE&TECHNOLOGY CO. LTD.
•East Penn Manufacturing Co.Inc.
•FIAMM Energy Technology S.p.A.
•Fengxin Industrial Co. Ltd.
•ShanDong Renfeng Special Materials Co. Ltd.
•B&F Technology Limited
•Hollingsworth & Vose
•Hokuetsu Corporation
•GS Yuasa Corporation
•Hollingsworth & Vose, and other major players.

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The report provides insights on the following pointers:

1.Market Penetration: Offers comprehensive information on the market offered by the key players

2.Market Analysis: Provides detailed information on lucrative growing markets and examines market penetration across mature segments.

3.Market Diversification: Details regarding new product launches, untapped geographies, recent developments, and investments are provided.

4.Competitive Landscape: Provides an in-depth analysis of the top companies' market shares, strategies, products, certification, regulatory approvals, patent landscape, and production capabilities.

5.Industry Dynamics and Factors: Offers insightful information about future technologies, R&D initiatives, and game-changing product breakthroughs.

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