The absorbent glass mat (AGM) battery uses saturated absorbent glass mats between the plates in place of gelled or liquid electrolytes. AGM batteries have a very low internal resistance and are able to deliver high currents on demand. Increasing investments in renewable energy are propelling the demand for these batteries during the forecast period. Several key players in the market are adopting various growth strategies, such as the expansion of the product portfolio with new developments to stay competitive in the market.
MARKET SCOPE
The "Global Absorbent Glass Mat (AGM) Battery Market Analysis to 2028" is a specialized and inodepth study with a special focus on the global market trend analysis. The report aims to provide an overview of the absorbent glass mat (AGM) battery market with detailed market segmentation by voltage, application, end user, and geography. The report provides key statistics on the market status of the leading absorbent glass mat (AGM) battery market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on voltage, the global absorbent glass mat (AGM) battery market is segmented into 2o4 V, 6o8 V, and 12 V and above.
- On the basis of application, the market is segmented into energy storage, automotive, industrial, UPS, and others.
- Based on end user, the market is segmented into OEM and aftermarket.
Drivers
- The absorbent glass mat battery market is anticipated to witness decent growth in the forecast period owing to the advantages such as good electrical reliability and the ability to deep cycle. Also, the easy recyclability of these batteries is another factor fueling the market growth.
- Large storage requirements in data centers offer lucrative growth prospects for key players of the absorbent glass mat battery market in the future.
- The rising preferences for other effective alternatives in energy storage space may hamper the growth of the absorbent glass mat battery market during the forecast period.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, AsiaoPacific (APAC), the Middle East and Africa (MEA), and South America. The absorbent glass mat (AGM) battery market by each region is later subosegmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i. e. , drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the absorbent glass mat (AGM) battery market in these regions.
IMPACT OF COVID-19 ON ABSORBENT GLASS MAT (AGM) BATTERY MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, AsiaoPacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the absorbent glass mat (AGM) battery market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from absorbent glass mat (AGM) battery market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the absorbent glass mat (AGM) battery market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- CandD TECHNOLOGIES, INC.
- B. B. Battery
- Clarios
- Crown Battery
- EnerSys
- Exide Technologies
- Fullriver Battery
- Panasonic Industry Europe GmbH
- Power Sonic Corporation
- Universal Power Group