Global Absorbed Glass Mat (AGM) Separator Batteries Market was valued at USD 23.81 Billion in 2023 and is expected to reach USD 38.55 Billion by the year 2032, at a CAGR of 5.50%.
The "Global Absorbed Glass Mat AGM Separator Batteries" intelligence report, just published by Introspective Market Research, covers insurers' micro-level study of important market niches, product offers, and sales channels. To determine market size, potential, growth trends, and competitive environment, the Global Absorbed Glass Mat AGM Separator Batteries provides dynamic views. Both primary and secondary sources of data were used to generate the research, which has both qualitative and quantitative depth. Several of the major figures the study featured East Penn Manufacturing Co., Inc., Fengxin Industrial Co., Ltd., FIAMM Energy Technology S.p.A., GS Yuasa Corporation, Hi-Tech Insulators (India) Pvt. Ltd., Hokuetsu Corporation, Hollingsworth & Vose Company, Ningbo Baiheng Science & Technology Co., Ltd., Nippon Sheet Glass Co., Ltd., Shandong Renfeng Special Materials Co., Ltd.
Key Prominent Players 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
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Global Absorbed Glass Mat (AGM) Separator Batteries Market Segmentation:
By Type
- Deep Cycle
- Standby
By Application
- Automotive
- UPS
- Telecommunications
- Others
Geographic Segment Covered in the Report:
- North America (US, Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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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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