Absorbent Glass Mat Battery Industry Participants
The major companies profiled in absorbent glass mat battery market report include Clarios, Exide Technologies, Universal Power Group, EnerSys, East Penn Manufacturing Company, Yusa Group, Flamm Energy Technology, Robert Bosch GmbH, Duracell, Johnson Controls, MK Battery, and Power Sonic Corporation.
North America is expected to exhibit CAGR of 5.0% during 2022-2031.
The absorbent glass mat battery market size was valued at $11.6 billion in 2021, and absorbent glass mat industry is estimated to reach $19.5 billion by 2031, growing at a CAGR of 5.4% from 2022 to 2031.
Download Report Sample (321 Pages PDF) @ https://www.alliedmarketresearch.com/request-sample/31802
AGM or Absorbent Glass Mat is an advanced lead-acid battery that provides superior power to support the higher electrical demands of today’s vehicles and start-stop applications. It is widely used in the automotive, military, UPS, energy storage, and other industries.
Rapidly growing demand for power from clean energy resources, increase in the sales of automotive vehicles which are used for transportation and material handling purpose have driven the demand for AGM battery market.
Increase in penetration of cloud computing and virtualization in the daily life has led to increase in the demand for datacenters.
AGM batteries are maintenance free alternative to traditional flooded lead-acid batteries. Their AGM batteries are used for newly manufactured cars for start-stop technology in cars.
The advantages of technologies such as 5G, artificial intelligence, machine learning, data center construction, and others technologies related with telecommunications have huge impact over the market growth.
Growth in investment toward renewable energy sources such as solar and wind, has led to increase in the demand for energy storage devices, which led to increase in the demand for absorbent glass mat battery market.
Growing concerns toward energy security coupled with cost saving potential is expected to positively compliment the adoption of absorbent glass mat battery during the forecast period.
APAC is growing rapidly with the increasing adoption of energy storage solutions for industrial, automotive, and other applications. Also, renewable energy integration in countries such as India and China is an additional factor fueling the market growth in APAC.
Buy Now: https://www.alliedmarketresearch.com/absorbent-glass-mat-battery-market/purchase-options
North America holds a significant market share in the said market. Increase in usage of automotive vehicles catering to all powering needs, presence of key market players in the U.S., and increase in installation of AGM batteries for renewable energy applications are the key factors driving the market in this region.
Marine applications such as powerboats, personal watercrafts, yachts and heavy marine house power primarily comprises AGM battery systems.
By voltage range, 2-4 volts was the leading segment in 2021.
By end-use, OEM segment occupies 65.3% of total market share in 2021.
By application, UPS segment has largest market share in 2021.
The outbreak of COVID-19 has adversely impacted the market in the first half of 2020 credited to the closure of manufacturing plants during the lockdown period. Due to social distancing and WFH norms across the world, the residential sector observed high installation demand for uninterrupted power source (UPS) systems.
Browse Complete Report @ https://www.alliedmarketresearch.com/absorbent-glass-mat-battery-market-A31352
Post pandemic crisis, the government of various countries across the globe has invested in the renewable power generation such as solar power plant, which has increased the demand for absorbent glass mat battery through energy storage devices.
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
[email protected]
Web: www.alliedmarketresearch.com
Allied Market Research Blog:
https://blog.alliedmarketresearch.com
Follow Us on | Facebook | LinkedIn | YouTube
