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Global Absorbed Glass Mat (AGM) Separator Batteries Market Overview

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%.

Absorbed glass mat is a lead-acid battery that powers the vehicles with better and higher electrical current and supports in start-stop utilization of vehicles. These batteries are highly resistant to non-spillable, vibrations, and are maintenance-free. With the comparisons of conventional lead-acid batteries, it provides better cycling execution, acid spillage, and insignificant gassing. The absorbed glass mat comprises an absorbent glass mat that supports maintaining the distance between positive and negative plates and carries sulfuric acid to keep it away from flowing freely. Furthermore, the AGM battery is a sealed battery that places into the category of ValveRegulated Lead Acid (VRLA) batteries. These batteries are developed so that hydrogen and oxygen are recombined within the battery, instead of being vented. A built-in valve will release extra gas in case of a high overcharge. An AGM battery is designed by flattened a glass fiber mat between each plate. The glass mat carries electrolytes in place much like a sponge and helps support the plates. This provides AGM batteries good resistance to shock and vibration. Because AGM batteries are sealed, they can be mounted on their sides if desired and ventilation needs are much less demanding than with flooded batteries. They can be shipped by air if required. They can charge and discharge at significant rates and perform well at low temperatures. The trend of electrical vehicles is on the demand and consumers are also switching from traditional vehicles to electric vehicles which will further propel the market. Growing significance on declining energy utilization is the major driver behind the adoption of absorbed glass mat separator batteries.

COVID-19 Impact on Absorbed Glass Mat (AGM) Separator Batteries Market:

The current COVID-19 outbreak initially started in Wuhan (China) in December 2019, and since then, it has spread over the world at a fast pace. China, the US, the Republic of Korea, Iran, Spain, France, Germany, and Italy are among the adversely influenced economies in terms of positive cases and reported deaths, as of March 2020. The COVID-19 outbreak has affected countries and industries in various countries owing to lockdowns, business shutdowns, and travel bans. The global major industries facing serious disruptions such as technology events cancellations, supply chain breaks, and office shutdowns as a result of this outbreak. China is the global producer's hub, with the presence of and the largest raw material providers. The overall market breaks down owing to COVID-19 is also influencing the growth of the Absorbed glass mat (AGM) separator batteries market owing to shutting down of factories, interruption in supply chain, and downturn in the global economy.

Market Dynamics and Factors of Absorbed Glass Mat (AGM) Separator Batteries Market:

Drivers:

An AGM battery separator is an adaptable separator with various beneficial properties. The challenge of accomplishing power utilization is becoming more complex, owing to the constant growth in consumer demand for electronic components in automobiles. This is primarily true in electronic accessories that provide increased safety, convenience, and energy savings, such as DVD players, anti-theft devices, power seats and windows, remote or voice-activated start, global positioning systems (GPS), brakes, and valve controls. Therefore, the growth in the integration of electric or electronic systems in vehicles is turning the demand for batteries with higher capacities such as absorbed glass mat batteries. This, in turn, is hastening the demand for AGM separator batteries.

Expanding battery production capabilities. Increasing emphasis on raising the fuel efficiency of vehicles, coupled with the growth of ordinances on conventional vehicles has led to an increased demand for battery-powered vehicles, due to their low carbon emission profile. This plays as an opportunity for the producers of absorbed glass mat separator batteries to grow their production base for manufacturing larger volumes of batteries. Several players are in the view of this as a vital strategy for business development.

Investment in deep cycle AGM separator battery manufacturing leads the market growth over the forecast period. Deep cycle-based AGM separator batteries supply characteristics such as low maintenance, reduced water loss, and higher abuse tolerance in traction and golf cart batteries. These factors are responsible for the utilization of the automotive sector. With significant demand for deep cycle-based absorbed glass mat separator batteries, market competitors are directing their investments towards the growth of this type.

Restraints:

The absorbed glass mat separator batteries market experiences various restraining factors. Many alternative products are available for AGM separator batteries, such as flooded batteries, gel batteries, lithium-ion batteries, and nickel-cadmium-based batteries. These batteries provide characteristics such as low cost of manufacturing, higher tolerance to extreme weather, and higher shelf life. This is probably to hinder the absorbed glass mat separator batteries market shortly.

AGM batteries are susceptible to overcharging, which declines their lifecycle. This issue can also destroy these batteries quickly. These factors are expected to restraint the absorbed glass mat separator batteries market during the forecast period.

Opportunities:

Energy storage act as a key role in integrating a renewable energy network in the energy system. Energy storage can help to supply centralized, distributed electricity generation, while also put up toward energy security.

The rising middle-class population, shifting in the lifestyles of people, and growing tendency toward smart electronic devices are anticipated to fuel the consumer electronics market in the upcoming years. Growth in disposable income of people and increase in the need for the Internet are also expected to hasten the demand for electronic devices. These factors have led to a rise in the construction of telecommunication towers; and an increase in the production of electronic storage devices such as telecommunication equipment, computers, portable power banks, data centers, and other electrical equipment where uninterrupted power supply is required. This, in turn, is probably to drive the market for batteries in the upcoming years, thereby accelerating the AGM separator batteries market.

Market Segmentation

Segmentation Analysis of Absorbed Glass Mat (AGM) Separator Batteries Market:

Based on the Type, the deep cycle segment accounted for the maximum market share during the forecast period, owing to its supplies features like low maintenance, lowered water loss, and higher abuse tolerance in traction and golf cart batteries. AGM separator batteries are commonly employed in high-end vehicles to run features such as windshields, heated seats, mirrors, and steering wheels. NASCAR and other auto racing leagues prefer AGM products as they are vibration-resistant. Deep cycle batteries are applied in an extensive range of applications in these areas. A separator of glass fiber is utilized in absorbed glass mat separator batteries. It is highly permeable and absorbed, and is commonly used in commercial deep cycle applications, marine & RV house power, electric vehicles, and renewable energy products like solar and wind. Therefore, deep cycle AGM batteries are extensively used as compared to standby batteries.

Based on the Application, the Automotive sub-segment is expected to hold a significant share of the market, owing to growth in the demand for AGM Separated batteries led by the increase in the demand for consumer electronics products and electric vehicles has turned the demand for AGM Separated batteries.

Regional Analysis of Absorbed Glass Mat (AGM) Separator Batteries Market:

The Asia Pacific region is expected to dominate the market during the forecast period. China is a leading economy in terms of the utilization of absorbed glass mat separator batteries in the region. Growth in the automotive sector owing to an increase in urbanization, population, and industrialization is expected to fuel the demand for AGM batteries. This, in turn, is anticipated to drive the AGM separator batteries market over the forecast period. Furthermore, the demand for lead-acid batteries has been significantly high over Asia Pacific economies on account of their relatively low price. Nevertheless, sealed lead-acid batteries such as AGM separator batteries are reaching major applicability due to their maintenance-free profile. Furthermore, competitors have discovered the expansion of end-user industries of absorbed glass mat separator batteries in the region, accelerating business growth.

North America and Europe also held a significant share of the Absorbed Glass Mat (AGM) Separator Batteries market and these regions are probably to expand at an adequate pace throughout the projected period. Furthermore, the U.S. is anticipated to dominate the absorbed glass mat separator batteries market in North America, because of growth in the telecommunication sector over the country.

Players Covered in Absorbed Glass Mat (AGM) Separator Batteries market are :

Key Industry Development

  • In February 2024, East Penn Manufacturing, another major AGM battery manufacturer, launched its new line of AGM batteries specifically designed for power sport applications. These batteries offer improved performance and durability for motorcycles, ATVs, and other power sport vehicles.
  • In August 2023, GS Yuasa Corporation, a leading AGM battery manufacturer, announced a partnership with Clarios, a global leader in advanced energy storage solutions, to develop and supply next-generation AGM batteries for the automotive industry. This partnership aims to leverage the combined expertise of both companies to create innovative and high-performance AGM batteries.

Global Absorbed Glass Mat (AGM) Separator Batteries Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2016 to 2023

Market Size in 2024:

USD 23.81 Bn.

Forecast Period 2024-32 CAGR:

5.50%

Market Size in 2032:

USD 38.55 Bn.

Segments Covered:

By Type

  • Deep Cycle
  • Standby

By Application

  • Automotive
  • UPS
  • Telecommunications
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • The Growth in Integration of Electronic Systems in Vehicles

Key Market Restraints:

  • Availability of Many Alternative Products

Key Opportunities:

  • High Adoption of Smart Electronic Devices

Companies Covered in the report:

  • 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., and Other Major Players.

Chapter 1: Introduction
ā€ƒ1.1 Research Objectives
ā€ƒ1.2 Research Methodology
ā€ƒ1.3 Research Process
ā€ƒ1.4 Scope and Coverage
ā€ƒā€ƒ1.4.1 Market Definition
ā€ƒā€ƒ1.4.2 Key Questions Answered
ā€ƒ1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
ā€ƒ3.1 By Type
ā€ƒ3.2 By Application

Chapter 4: Market Landscape
ā€ƒ4.1 Porter's Five Forces Analysis
ā€ƒā€ƒ4.1.1 Bargaining Power of Supplier
ā€ƒā€ƒ4.1.2 Threat of New Entrants
ā€ƒā€ƒ4.1.3 Threat of Substitutes
ā€ƒā€ƒ4.1.4 Competitive Rivalry
ā€ƒā€ƒ4.1.5 Bargaining Power Among Buyers
ā€ƒ4.2 Industry Value Chain Analysis
ā€ƒ4.3 Market Dynamics
ā€ƒā€ƒ4.3.1 Drivers
ā€ƒā€ƒ4.3.2 Restraints
ā€ƒā€ƒ4.3.3 Opportunities
ā€ƒā€ƒ4.5.4 Challenges
ā€ƒ4.4 Pestle Analysis
ā€ƒ4.5 Technological Roadmap
ā€ƒ4.6 Regulatory Landscape
ā€ƒ4.7 SWOT Analysis
ā€ƒ4.8 Price Trend Analysis
ā€ƒ4.9 Patent Analysis
ā€ƒ4.10 Analysis of the Impact of Covid-19
ā€ƒā€ƒ4.10.1 Impact on the Overall Market
ā€ƒā€ƒ4.10.2 Impact on the Supply Chain
ā€ƒā€ƒ4.10.3 Impact on the Key Manufacturers
ā€ƒā€ƒ4.10.4 Impact on the Pricing

Chapter 5: Absorbed Glass Mat (Agm) Separator Batteries Market by Type
ā€ƒ5.1 Absorbed Glass Mat (Agm) Separator Batteries Market Overview Snapshot and Growth Engine
ā€ƒ5.2 Absorbed Glass Mat (Agm) Separator Batteries Market Overview
ā€ƒ5.3 Deep Cycle
ā€ƒā€ƒ5.3.1 Introduction and Market Overview
ā€ƒā€ƒ5.3.2 Historic and Forecasted Market Size (2016-2028F)
ā€ƒā€ƒ5.3.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ5.3.4 Deep Cycle: Grographic Segmentation
ā€ƒ5.4 Standby
ā€ƒā€ƒ5.4.1 Introduction and Market Overview
ā€ƒā€ƒ5.4.2 Historic and Forecasted Market Size (2016-2028F)
ā€ƒā€ƒ5.4.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ5.4.4 Standby: Grographic Segmentation

Chapter 6: Absorbed Glass Mat (Agm) Separator Batteries Market by Application
ā€ƒ6.1 Absorbed Glass Mat (Agm) Separator Batteries Market Overview Snapshot and Growth Engine
ā€ƒ6.2 Absorbed Glass Mat (Agm) Separator Batteries Market Overview
ā€ƒ6.3 Automotive
ā€ƒā€ƒ6.3.1 Introduction and Market Overview
ā€ƒā€ƒ6.3.2 Historic and Forecasted Market Size (2016-2028F)
ā€ƒā€ƒ6.3.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ6.3.4 Automotive: Grographic Segmentation
ā€ƒ6.4 UPS
ā€ƒā€ƒ6.4.1 Introduction and Market Overview
ā€ƒā€ƒ6.4.2 Historic and Forecasted Market Size (2016-2028F)
ā€ƒā€ƒ6.4.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ6.4.4 UPS: Grographic Segmentation
ā€ƒ6.5 Telecommunications
ā€ƒā€ƒ6.5.1 Introduction and Market Overview
ā€ƒā€ƒ6.5.2 Historic and Forecasted Market Size (2016-2028F)
ā€ƒā€ƒ6.5.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ6.5.4 Telecommunications: Grographic Segmentation
ā€ƒ6.6 Others
ā€ƒā€ƒ6.6.1 Introduction and Market Overview
ā€ƒā€ƒ6.6.2 Historic and Forecasted Market Size (2016-2028F)
ā€ƒā€ƒ6.6.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ6.6.4 Others: Grographic Segmentation

Chapter 7: Company Profiles and Competitive Analysis
ā€ƒ7.1 Competitive Landscape
ā€ƒā€ƒ7.1.1 Competitive Positioning
ā€ƒā€ƒ7.1.2 Absorbed Glass Mat (Agm) Separator Batteries Sales and Market Share By Players
ā€ƒā€ƒ7.1.3 Industry BCG Matrix
ā€ƒā€ƒ7.1.4 Ansoff Matrix
ā€ƒā€ƒ7.1.5 Absorbed Glass Mat (Agm) Separator Batteries Industry Concentration Ratio (CR5 and HHI)
ā€ƒā€ƒ7.1.6 Top 5 Absorbed Glass Mat (Agm) Separator Batteries Players Market Share
ā€ƒā€ƒ7.1.7 Mergers and Acquisitions
ā€ƒā€ƒ7.1.8 Business Strategies By Top Players
ā€ƒ7.2 NIPPON SHEET GLASS CO.LTD.
ā€ƒā€ƒ7.2.1 Company Overview
ā€ƒā€ƒ7.2.2 Key Executives
ā€ƒā€ƒ7.2.3 Company Snapshot
ā€ƒā€ƒ7.2.4 Operating Business Segments
ā€ƒā€ƒ7.2.5 Product Portfolio
ā€ƒā€ƒ7.2.6 Business Performance
ā€ƒā€ƒ7.2.7 Key Strategic Moves and Recent Developments
ā€ƒā€ƒ7.2.8 SWOT Analysis
ā€ƒ7.3 NINGBO BAIHENG SCIENCE&TECHNOLOGY CO. LTD.
ā€ƒ7.4 EAST PENN MANUFACTURING CO.INC.
ā€ƒ7.5 FIAMM ENERGY TECHNOLOGY S.P.A.
ā€ƒ7.6 FENGXIN INDUSTRIAL CO. LTD.
ā€ƒ7.7 SHANDONG RENFENG SPECIAL MATERIALS CO. LTD.
ā€ƒ7.8 B&F TECHNOLOGY LIMITED
ā€ƒ7.9 HOLLINGSWORTH & VOSE
ā€ƒ7.10 HOKUETSU CORPORATION
ā€ƒ7.11 GS YUASA CORPORATION
ā€ƒ7.12 HOLLINGSWORTH & VOSE
ā€ƒ7.13 OTHER MAJOR PLAYERS

Chapter 8: Global Absorbed Glass Mat (Agm) Separator Batteries Market Analysis, Insights and Forecast, 2016-2028
ā€ƒ8.1 Market Overview
ā€ƒ8.2 Historic and Forecasted Market Size By Type
ā€ƒā€ƒ8.2.1 Deep Cycle
ā€ƒā€ƒ8.2.2 Standby
ā€ƒ8.3 Historic and Forecasted Market Size By Application
ā€ƒā€ƒ8.3.1 Automotive
ā€ƒā€ƒ8.3.2 UPS
ā€ƒā€ƒ8.3.3 Telecommunications
ā€ƒā€ƒ8.3.4 Others

Chapter 9: North America Absorbed Glass Mat (Agm) Separator Batteries Market Analysis, Insights and Forecast, 2016-2028
ā€ƒ9.1 Key Market Trends, Growth Factors and Opportunities
ā€ƒ9.2 Impact of Covid-19
ā€ƒ9.3 Key Players
ā€ƒ9.4 Key Market Trends, Growth Factors and Opportunities
ā€ƒ9.4 Historic and Forecasted Market Size By Type
ā€ƒā€ƒ9.4.1 Deep Cycle
ā€ƒā€ƒ9.4.2 Standby
ā€ƒ9.5 Historic and Forecasted Market Size By Application
ā€ƒā€ƒ9.5.1 Automotive
ā€ƒā€ƒ9.5.2 UPS
ā€ƒā€ƒ9.5.3 Telecommunications
ā€ƒā€ƒ9.5.4 Others
ā€ƒ9.6 Historic and Forecast Market Size by Country
ā€ƒā€ƒ9.6.1 U.S.
ā€ƒā€ƒ9.6.2 Canada
ā€ƒā€ƒ9.6.3 Mexico

Chapter 10: Europe Absorbed Glass Mat (Agm) Separator Batteries Market Analysis, Insights and Forecast, 2016-2028
ā€ƒ10.1 Key Market Trends, Growth Factors and Opportunities
ā€ƒ10.2 Impact of Covid-19
ā€ƒ10.3 Key Players
ā€ƒ10.4 Key Market Trends, Growth Factors and Opportunities
ā€ƒ10.4 Historic and Forecasted Market Size By Type
ā€ƒā€ƒ10.4.1 Deep Cycle
ā€ƒā€ƒ10.4.2 Standby
ā€ƒ10.5 Historic and Forecasted Market Size By Application
ā€ƒā€ƒ10.5.1 Automotive
ā€ƒā€ƒ10.5.2 UPS
ā€ƒā€ƒ10.5.3 Telecommunications
ā€ƒā€ƒ10.5.4 Others
ā€ƒ10.6 Historic and Forecast Market Size by Country
ā€ƒā€ƒ10.6.1 Germany
ā€ƒā€ƒ10.6.2 U.K.
ā€ƒā€ƒ10.6.3 France
ā€ƒā€ƒ10.6.4 Italy
ā€ƒā€ƒ10.6.5 Russia
ā€ƒā€ƒ10.6.6 Spain
ā€ƒā€ƒ10.6.7 Rest of Europe

Chapter 11: Asia-Pacific Absorbed Glass Mat (Agm) Separator Batteries Market Analysis, Insights and Forecast, 2016-2028
ā€ƒ11.1 Key Market Trends, Growth Factors and Opportunities
ā€ƒ11.2 Impact of Covid-19
ā€ƒ11.3 Key Players
ā€ƒ11.4 Key Market Trends, Growth Factors and Opportunities
ā€ƒ11.4 Historic and Forecasted Market Size By Type
ā€ƒā€ƒ11.4.1 Deep Cycle
ā€ƒā€ƒ11.4.2 Standby
ā€ƒ11.5 Historic and Forecasted Market Size By Application
ā€ƒā€ƒ11.5.1 Automotive
ā€ƒā€ƒ11.5.2 UPS
ā€ƒā€ƒ11.5.3 Telecommunications
ā€ƒā€ƒ11.5.4 Others
ā€ƒ11.6 Historic and Forecast Market Size by Country
ā€ƒā€ƒ11.6.1 China
ā€ƒā€ƒ11.6.2 India
ā€ƒā€ƒ11.6.3 Japan
ā€ƒā€ƒ11.6.4 Singapore
ā€ƒā€ƒ11.6.5 Australia
ā€ƒā€ƒ11.6.6 New Zealand
ā€ƒā€ƒ11.6.7 Rest of APAC

Chapter 12: Middle East & Africa Absorbed Glass Mat (Agm) Separator Batteries Market Analysis, Insights and Forecast, 2016-2028
ā€ƒ12.1 Key Market Trends, Growth Factors and Opportunities
ā€ƒ12.2 Impact of Covid-19
ā€ƒ12.3 Key Players
ā€ƒ12.4 Key Market Trends, Growth Factors and Opportunities
ā€ƒ12.4 Historic and Forecasted Market Size By Type
ā€ƒā€ƒ12.4.1 Deep Cycle
ā€ƒā€ƒ12.4.2 Standby
ā€ƒ12.5 Historic and Forecasted Market Size By Application
ā€ƒā€ƒ12.5.1 Automotive
ā€ƒā€ƒ12.5.2 UPS
ā€ƒā€ƒ12.5.3 Telecommunications
ā€ƒā€ƒ12.5.4 Others
ā€ƒ12.6 Historic and Forecast Market Size by Country
ā€ƒā€ƒ12.6.1 Turkey
ā€ƒā€ƒ12.6.2 Saudi Arabia
ā€ƒā€ƒ12.6.3 Iran
ā€ƒā€ƒ12.6.4 UAE
ā€ƒā€ƒ12.6.5 Africa
ā€ƒā€ƒ12.6.6 Rest of MEA

Chapter 13: South America Absorbed Glass Mat (Agm) Separator Batteries Market Analysis, Insights and Forecast, 2016-2028
ā€ƒ13.1 Key Market Trends, Growth Factors and Opportunities
ā€ƒ13.2 Impact of Covid-19
ā€ƒ13.3 Key Players
ā€ƒ13.4 Key Market Trends, Growth Factors and Opportunities
ā€ƒ13.4 Historic and Forecasted Market Size By Type
ā€ƒā€ƒ13.4.1 Deep Cycle
ā€ƒā€ƒ13.4.2 Standby
ā€ƒ13.5 Historic and Forecasted Market Size By Application
ā€ƒā€ƒ13.5.1 Automotive
ā€ƒā€ƒ13.5.2 UPS
ā€ƒā€ƒ13.5.3 Telecommunications
ā€ƒā€ƒ13.5.4 Others
ā€ƒ13.6 Historic and Forecast Market Size by Country
ā€ƒā€ƒ13.6.1 Brazil
ā€ƒā€ƒ13.6.2 Argentina
ā€ƒā€ƒ13.6.3 Rest of SA

Chapter 14 Investment Analysis

Chapter 15 Analyst Viewpoint and Conclusion

Global Absorbed Glass Mat (AGM) Separator Batteries Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2016 to 2023

Market Size in 2024:

USD 23.81 Bn.

Forecast Period 2024-32 CAGR:

5.50%

Market Size in 2032:

USD 38.55 Bn.

Segments Covered:

By Type

  • Deep Cycle
  • Standby

By Application

  • Automotive
  • UPS
  • Telecommunications
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • The Growth in Integration of Electronic Systems in Vehicles

Key Market Restraints:

  • Availability of Many Alternative Products

Key Opportunities:

  • High Adoption of Smart Electronic Devices

Companies Covered in the report:

  • 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., and Other Major Players.
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Frequently Asked Questions :

What would be the forecast period in the Absorbed Glass Mat (AGM) Separator Batteries Market research report?

The forecast period in the Absorbed Glass Mat (AGM) Separator Batteries Market research report is 2024-2032.

Who are the key players in 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, and Other Major Players.

What are the segments of Absorbed Glass Mat (AGM) Separator Batteries Market?

Absorbed Glass Mat (AGM) Separator Batteries Market is segmented into Type, Application, and region. By Type, the market is categorized into Deep Cycle, Standby. By Application, the market is categorized into Automotive, UPS, Telecommunications, Others. By region, it is analysed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Absorbed Glass Mat (AGM) Separator Batteries Market?

Absorbed glass mat is a lead-acid battery that powers the vehicles with better and higher electrical current and supports in start-stop utilization of vehicles. These batteries are highly resistant to non-spillable, vibrations, and are maintenance-free.

How big is Absorbed Glass Mat (AGM) Separator Batteries Market?

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%.