Absorbed Glass Mat (AGM) Separator Batteries Market was valued US$ XX Bn in 2018 and is expected to reach US$ XX Bn by 2027, at a 5.1% CAGR during a forecast period.
Absorbed Glass Mat (AGM) Separator Batteries Market
Absorbent Glass Mat is an innovative lead-acid battery that gives better power that help the higher electrical need of the present vehicles and start-stop applications. AGM batteries are incredibly resistant to vibration, are completely fixed, non- spillable and maintenance free. AGM offers better cycling execution, negligible gassing and acid spillage when compared with orthodox lead- acid batteries. In AGM batteries, an absorbent glass mats are maintain the distance between positive and negative plates and holds the sulfuric acid and keeps it from flowing freely inside the battery. The plates are tightly packed into every cell and held under pressure in the plastic case. The internal compression restricts the shedding of plate material caused by cycling and considers significantly longer life.
The scope of the report includes a comprehensive study of global as well as regional markets for Absorbed Glass Mat (AGM) Separator Batteries with the rationales given for variants in the growth of the industry in certain regions.
The AGM Separator Batteries market has beheld to be an enormous development in the few decade. The market is anticipated to observer significant growth throughout forecast period due to the increasing number of manufacturers are fortifying their product facilities via producing the maintenance-free and non-spillable batteries. Exacting regulations of different regional government affecting to fuel consumption and carbon emission, which are responsible for vehicle owners shifting to operating electric vehicles. Also, upsurge in manufacturing of electrical vehicle and extensive use of AGM separator batteries in electric vehicles, are expected to drive the absorbed glass mat separator batteries market in throughout forecasted period.
The AGM Separator Batteries marketplace is developing rapidly, as applications in an extensive ranges of industrial segments generate new opportunities for stakeholders. But, the high cost of production of AGM separator batteries and their distribution process is anticipated to hamper overall market growth. Another aspect generating challenges for the market players is the existence of replacements such as gel batteries, nickel-cadmium-based batteries, flooded batteries, and lithium-ion batteries, which are available in lesser cast than AGM separator batteries and are manufactured from raw materials that are easily available.
In AGM Separator Batteries market report, the Type segment comprises Deep Cycle and Standby. The Deep Cycle sub-segment held a leading shares due to it provides features like lowered water loss, low maintenance, and higher abuse tolerance in traction and golf cart batteries. The Application segment is comprised of Automotive, UPS, Telecommunications and Others. The Automotive sub-segment holds significant share of the market, due to increase in the demand for AGM Separated batteries led by the growth in the demand for consumer electronics products and electric vehicles has driven the demand for AGM Separated batteries.
Based on regional segment, the Absorbed Glass Mat (AGM) Separator Batteries market is sub-segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. In terms of profits, Asia Pacific recognized a noticeable share of the AGM Separator Batteries market due to the low production cost of Absorbed Glass Mat (AGM) Separator Batteries and growth in large-volume exports of Absorbed Glass Mat (AGM) Separator Batteries by China. The Asia Pacific market is projected to surge at a rapid pace throughout the forecast period. North America and Europe also held a substantial share of the Absorbed Glass Mat (AGM) Separator Batteries market and these regions are likely to enlarge at an adequate pace throughout the projected period.
The report covers the market leaders, followers and new entrants in the industry with the market dynamics by region. It will also help to understand the position of each player in the market by region, by segment with their expansion plans, R&D expenditure and organic & in-organic growth strategies. For example, in 2018, East Penn Manufacturing Co. announced the opening of its Oelwein Fill, Form, and Finish and Distribution facility. Long term association, strategic alliances, supply chain agreement and M&A activities are covered in the report in detail from 2014 to 2019. Expected alliances and agreement in forecast period will give future course of action in the market to the readers. More than ten companies are profiled, benchmarked in the report on different parameters that will help reader to gain insight about the market in minimum time.
The objective of the report is to present a comprehensive analysis of the Absorbed Glass Mat (AGM) Separator Batteries Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.
The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by Vehicle. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by Vehicle on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Absorbed Glass Mat (AGM) Separator Batteries Market dynamics, structure by analyzing the market segments and project the Absorbed Glass Mat (AGM) Separator Batteries Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Absorbed Glass Mat (AGM) Separator Batteries Market make the report investor’s guide.
Scope of the Absorbed Glass Mat (AGM) Separator Batteries Market
Absorbed Glass Mat (AGM) Separator Batteries Market, By Type
Deep Cycle
Standby
Absorbed Glass Mat (AGM) Separator Batteries Market, By Application
Automotive
UPS
Telecommunications
Others
Absorbed Glass Mat (AGM) Separator Batteries Market, By Region
North America
Europe
Asia Pacific
Middle East & Africa
South America
Key players operating in the Absorbed Glass Mat (AGM) Separator Batteries Market
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
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