Absorbed Glass Mat (AGM) Separator Batteries Market Size And Forecast
The Global Absorbed Glass Mat (AGM) Separator Batteries Market report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics involve the drivers, restraints, opportunities, and challenges through which the impact of these factors in the market is outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Global Absorbed Glass Mat (AGM) Separator Batteries Market study provides an outlook on the development of the market in terms of revenue throughout the prognosis period.
Absorbed Glass Mat (AGM) Separator Batteries Market was valued at USD 19.7 Billion in 2019 and is projected to reach USD 29.14 Billion by 2027, growing at a CAGR of 5.0 % from 2020 to 2027.
What is Absorbed Glass Mat (AGM) Separator Batteries?
Absorbed glass mat is a lead-acid battery that powers the vehicles with better and higher electrical current and helps in start-stop applications of vehicles. These batteries are extremely resistant to vibrations, non-spillable, and maintenance-free. Compared to conventional lead-acid batteries, it offers better cycling execution, acid spillage, and negligible gassing. Absorbed glass mat comprises of an absorbent glass mat which helps maintain the distance between positive and negative plates and holds sulfuric acid to keep it away from flowing freely.
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Global Absorbed Glass Mat (AGM) Separator Batteries Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Most manufacturers are producing the maintenance-free and non-spillage batteries with loner life which is driving the demand and adoption for absorbed glass mat separator batteries and this factor will contribute majorly to the growth of the market. The trend of electrical vehicles is on the up-surge and consumers are also shifting from traditional vehicles to electric vehicles which will further catapult the market. Increasing emphasis on reducing energy consumption is the key driver behind the adoption of absorbed glass mat separator batteries. However, the cost of AGM batteries is high, and also due to the availability of other low-cost alternatives may limit the growth of the market throughout the forecast period.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The “Global Absorbed Glass Mat (AGM) Separator Batteries Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.
Global Absorbed Glass Mat (AGM) Separator Batteries Market Competitive Landscape
The “Global Absorbed Glass Mat (AGM) Separator Batteries Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as 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, and Hokuetsu Corporation. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
Absorbed Glass Mat (AGM) Separator Batteries Market, By Type
• Deep Cycle
Absorbed Glass Mat (AGM) Separator Batteries Market, By Application
Absorbed Glass Mat (AGM) Separator Batteries Market, By Geographic Scope
• North America
o Rest of Europe
• Asia Pacific
o Rest of Asia Pacific
• Rest of the World