Global Absorbed Glass Mat (AGM) Battery Market Growth 2023-2029

Global Absorbed Glass Mat (AGM) Battery Market Growth 2023-2029

Absorbed glass mat (AGM) battery is an advanced technology battery compared to lead- acid flooded battery. AGM batteries are constructed in such a way that the electrolyte is made to be suspended between the glass mat (primarily made of fiberglass) and battery plates. The amount of electrolyte is minimal in such batteries and it contains only enough electrolyte to keep the mat wets. If we compare traditional lead acid batteries with AGM batteries then AGM batteries are far more efficient because of its design and construction, better lifespan, resistance to vibrations, no spillage or leakage and more capacity.

LPI (LP Information)' newest research report, the “Absorbed Glass Mat (AGM) Battery Industry Forecast” looks at past sales and reviews total world Absorbed Glass Mat (AGM) Battery sales in 2022, providing a comprehensive analysis by region and market sector of projected Absorbed Glass Mat (AGM) Battery sales for 2023 through 2029. With Absorbed Glass Mat (AGM) Battery sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Absorbed Glass Mat (AGM) Battery industry.

This Insight Report provides a comprehensive analysis of the global Absorbed Glass Mat (AGM) Battery landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Absorbed Glass Mat (AGM) Battery portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Absorbed Glass Mat (AGM) Battery market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Absorbed Glass Mat (AGM) Battery and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Absorbed Glass Mat (AGM) Battery.

The global Absorbed Glass Mat (AGM) Battery market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

Stringent CO2 emission norms and start-stop functions in all the cars manufactured by European automobile by 2023 is one of the key driver for Europe AGM battery market. Trucking industry has also now started using AGM battery since it requires minimal maintenance. Renewable energy systems like solar power completely depends on AGM batteries too and these factors are anticipated to strongly driver growth of the global AGM battery market. Higher AGM technology costs as compared to lead-acid battery could be a potential restraint for the global market of AGM battery. 

This report presents a comprehensive overview, market shares, and growth opportunities of Absorbed Glass Mat (AGM) Battery market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Automobile Battery
Inverter Battery
Solar Energy Battery
Alternate Energy

Segmentation by application
OEM
Aftersales

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Robert Bosch
Duracell
Exide
Trojan Batteries
AMARON QUANTA
ODYSSEY batteries
Adventure Power
MK Battery
Tudor India Limited
Centennial AGM

Key Questions Addressed in this Report

What is the 10-year outlook for the global Absorbed Glass Mat (AGM) Battery market?

What factors are driving Absorbed Glass Mat (AGM) Battery market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Absorbed Glass Mat (AGM) Battery market opportunities vary by end market size?

How does Absorbed Glass Mat (AGM) Battery break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.