Absorbed Glass Mat (AGM) Separator Batteries Market - Global Industry Insights, Trends, Outlook
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 e... moreAbsorbed Glass Mat (AGM) Separator Batteries Market - Global Industry Insights, Trends, Outlook
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.
Key Prominent Players In The Absorbed Glass Mat (AGM) Separator Batteries Market:
This study conducts a SWOT analysis to evaluate the strengths and weaknesses of key players in the Absorbed Glass Mat (AGM) Separator Batteries market. Additionally, the report performs a complex inspection of drivers and restraints operating in the market. The report also evaluates the observed trends in the parent market along with macroeconomic indicators, dominant factors and market attractiveness in relation to other segments. The report forecasts the impact of various industry aspects on the Absorbed Glass Mat (AGM) Separator Batteries market segments and regions.
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.
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