![]() ![]() *At Expert Market Research, we strive to always give you current and accurate information. Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:Įxplore our purchase options that are best suited to your resources and industry needs.ĭelivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. The comprehensive EMR report provides an in-depth assessment of the industry based on Porter's five forces model, along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global absorbent glass mat (AGM) battery market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds: Key Industry Players in the Global Absorbent Glass Mat (AGM) Battery Market ![]() This, in turn, is expected to bolster the market growth. In addition, absorbent glass mat batteries find applications in high-end and advanced fuel-efficient vehicles with large power demands. Stringent CO2 emission norms by governments across the globe are providing further impetus to the market growth. The market is expected to register significant growth owing to the demand for efficient batteries. The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.Įfficiency of Absorbent Glass Mat (AGM) Batteries Over Lead Batteries is Driving the Market Growthįavourable characteristics of absorbent glass mat (AGM) batteries, like longer battery life, vibration resistance, start-stop applications, high electrical loads, quick recharges, and long lifecycles are driving the global market growth of absorbent glass mat battery. These batteries are far more efficient than normal lead batteries, owing to their design and construction, resistance to vibrations, and no spillage.īy type, the market can be bifurcated into:īased on output capacity, the market can be divided into:īy distribution channel, the market is segmented into:īy end use, the market can be divided into: ![]() The electrolyte is suspended between the glass mat and battery plates, and the amount is kept minimal. China is expected to hold a major share in the Asia Pacific market, owing to the presence of leading manufacturers in the region.Ībsorbent Glass Mat (AGM) Battery: Market SegmentationĪbsorbent glass mat (AGM) battery is a modern technology battery used to power various automotive components. Moreover, rapid industrialisation and the growing demand for advanced technology are expected to spur the growth of the market growth, especially in the Asia Pacific, one of the fastest-growing regions. Minimal maintenance and higher efficiency are expected to contribute to the growth of the absorbent glass mat battery industry. Read more about this report - REQUEST FREE SAMPLE COPY IN PDFĮurope Expected to be a Key Contributor in the Global Market for Absorbent Glass Mat (AGM) BatteryĮurope is projected to have a major share in the global market for absorbent glass mat (AGM) battery owing to the implementation of strict environmental regulations and the manufacture of cars with start-stop functions. The market is expected to grow at a CAGR of 5% during the forecast period of 2023-2028 to reach USD 15 billion by 2026. The global absorbent glass mat (AGM) battery market attained a value of USD 11 billion in 2020. Global Absorbent Glass Mat (AGM) Battery Market Outlook
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