Absorbent Glass Mat Battery Market Industry Insights with US$ 14.72 Bn Industry Value, Size, Share, and Trends Analysis by 2024-2031 | EnerSys, Exide Technologies, GS Yuasa

The absorbent glass mat battery market size size was valued at US$ 26.90 Billion in 2023 and is expected to reach US$ 14.72 Billion in 2030, at a CAGR of 9% during the forecast period.

The latest market intelligence report published by CMI with the title "Global Absorbent Glass Mat Battery Market 2024, Growth Opportunities, and Forecast" provides actionable insights on Energy industry. The report provides demand analysis, industry insights, competitive intelligence, and customer database.

The Research report on Absorbent Glass Mat Battery Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. It also provides and a lot of business matrices including Porters Five Forces Analysis, PESTLE Analysis, Value Chain Analysis, 4 Ps' Analysis, Market Attractiveness Analysis, BPS Analysis, Ecosystem Analysis.

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Key opportunities Absorbent Glass Mat Battery Market

1. Growing Demand for Renewable Energy Storage: The shift towards renewable energy sources, such as solar and wind, is increasing the need for efficient energy storage solutions. AGM batteries, known for their reliability and deep cycling capabilities, are well-suited for energy storage applications, presenting significant growth opportunities in this sector.

2. Expansion in Electric Vehicle Market: With the rise of electric vehicles (EVs) and hybrid vehicles, there is a growing demand for advanced battery technologies. AGM batteries offer advantages such as safety, vibration resistance, and maintenance-free operation, making them attractive for use in EV applications. This trend provides ample opportunities for manufacturers to cater to the evolving automotive market.

3. Increased Use in Telecommunications: The telecommunications industry is increasingly relying on AGM batteries for backup power solutions. As the demand for uninterrupted power supply grows, especially in remote and off-grid areas, AGM batteries are positioned to meet this need, creating opportunities for growth in telecommunications applications.

4. Focus on Renewable Microgrid Solutions: The development of microgrids powered by renewable energy sources is on the rise, particularly in developing regions. AGM batteries are ideal for microgrid applications due to their compact size, efficiency, and ability to handle multiple charging and discharging cycles, making them a viable option for energy storage in these systems.

5. Technological Advancements in Battery Design: Ongoing innovations in AGM battery design, including improvements in materials and manufacturing processes, are enhancing performance and lifespan. Companies that invest in research and development to create more efficient and durable AGM batteries can capture market share and cater to the growing demand for advanced energy storage solutions.

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*Note: Sample of the report provides details on the scope and coverage, table of contents, research methodology, and Sample Framework of the report. Actual report of 150+ is available for purchase to all the interested stakeholders.

Detailed Segmentation and Classification of the report (Market Size and Forecast - 2031, Y-o-Y growth rate, and CAGR):

• By Type
Stationary
Motive
Others

• By Application
Telecom
UPS
Utility
Emergency Lighting
Security Systems
Cable Television/Broadcasting
Others

• By Plate Design
Flat Plate
Tubular Plate
Others

• By Sales Channel
OEM
Aftermarket
By Battery Size
L (Less than 100Ah)
M (100 to 124Ah)
H (More than 125Ah)

• By End user Industry
Telecom
Railways
Infrastructure
Power
Datacenters
Others

• By Regions and Countries
o North America
o Europe
o Asia-Pacific
o South America
o Middle East & Africa

Following are the players analyzed in the report:

• EnerSys
• Exide Technologies
• GS Yuasa
• Hoppecke
• Crown Battery
• Hitachi Chemical
• Amara Raja
• HBL Power Systems
• C&D Technologies
• Luminous
• Okaya Power
• Rolls Battery
• Amara Raja Batteries
• Hankook AtlasBX Co
• Leoch Battery
• Power-Sonic
• Southern Batteries
• Panasonic Corporation
• Samsung SDI
• LG Chem

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Deep-dive Analysis:

The Report provides deep-dive qualitative and quantitative analysis on Absorbent Glass Mat Battery Market for all the regions and countries covered below:

• North America (the United States, Canada, and Mexico)
• Europe (Germany, France, Italy, United Kingdom, SCANDIVAN, Benelux, Russia, and Rest of Europe)
• Asia-Pacific (Japan, South Korea, India, China, Southeast Asia, and Australia)
• South America (Brazil, Argentina, and Rest of South America)
• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa, and Rest of the Middle East & Africa)
• Each Country is covered in detail, and report provides qualitative and quantitative analysis on Absorbent Glass Mat Battery Market on each country.

The research provides answers to the following key questions:

1. What is the estimated growth rate of the market for the forecast period 2024-2031? What will be the market size during the estimated period?
2. What are the key driving forces responsible for shaping the fate of the Absorbent Glass Mat Battery market during the forecast period?
3. Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Absorbent Glass Mat Battery market?
4. What are the prominent market trends influencing the development of the Absorbent Glass Mat Battery market across different regions?
5. What are the major threats and challenges likely to act as a barrier in the growth of the Absorbent Glass Mat Battery market?
6. What are the major opportunities the market leaders can rely on to gain success and profitability?

Key insights provided by the report that could help you take critical strategic decisions?

• Regional report analysis highlighting the consumption of products/services in a region also shows the factors that influence the market in each region.
• Reports provide opportunities and threats faced by suppliers in the Absorbent Glass Mat Battery and tubes industry around the world.
• The report shows regions and sectors with the fastest growth potential.
• A competitive environment that includes market rankings of major companies, along with new product launches, partnerships, business expansions, and acquisitions.
• The report provides an extensive corporate profile consisting of company overviews, company insights, product benchmarks, and SWOT analysis for key market participants.
• This report provides the industry's current and future market outlook on the recent development, growth opportunities, drivers, challenges, and two regional constraints emerging in advanced regions.
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