Global Absorbent Glass Mat- AGMBattery
Market Report
2024
Absorbent Glass Mat- AGMBattery Market size is USD 13.9 Billion in 2024 and will expand at a compound annual growth rate (CAGR) of 9.30% from 2024 to 2031.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global absorbent glass mat (AGM) battery market size is USD 13.9 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Absorbent Glass Mat- AGMBattery Market Sales Revenue 2024 | $ 13.9 Billion |
Global Absorbent Glass Mat- AGMBattery Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 9.3% |
Market Split by Type |
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Market Split by Voltage |
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Market Split by End User |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Absorbent Glass Mat- AGMBattery Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Automotive absorbent glass mat (AGM) batteries are state-of-the-art lead-acid power sources that can handle the higher electrical demands produced by modern automobiles. In addition to being completely sealed, non-spillable, and maintenance-free, absorbent glass mat (AGM) batteries are exceptionally vibration-resistant and ideal for use in automobiles. These batteries outperform the standard lead-acid batteries used in automobiles in terms of cycling performance, acid leakage, and gassing. Many industries make extensive use of it, including transportation, the military, alternative energy storage, and uninterruptible power supply (UPS). As a result of government efforts to impose stringent carbon emission laws, the absorbent glass mat (AGM) battery market is anticipated to experience development. The market for automotive absorbent glass mat (AGM) batteries is anticipated to experience rapid expansion due to its many advantageous features, such as longer battery life, use in start-stop applications, resistance to vibration, rapid recharging, and long lifespan.
Advancement in Technology- The use of cutting-edge technology like 5G, AI, ML, data center building, deployment, and upgrades to current data centers is experiencing explosive growth. Furthermore, conventional data centers could anticipate tremendous prospects brought about by technical developments in UPS power networks, such as modern AGM batteries featuring high operating temperatures. The increasing need for information technology facilities will drive the market for Uninterruptible Portable Power Supply (UPS) Systems. The increase in the need for batteries to store energy, driven by the growing investment in sustainable power sources, such as the sun and the wind, has boosted the absorbent glass mat battery industry.
One obstacle to the industry's growth is the high cost of absorbent glass mat (AGM) technology compared to more affordable alternatives like lead-acid batteries. A lack of skilled workers also impedes the industry's progress.
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In April 2024, C&D Technologies, a frontrunner in the energy storage industry, added battery cabinets to its lineup. These cabinets are well-designed and constructed in a factory, allowing C&D to provide data center UPS backup systems with combined battery and cabinet solutions. With the new battery cabinet options, data center engineers may more efficiently handle emergency power needs while still maintaining safety and simplicity.
(Source: https://www.cdtechno.com/about-us/news-and-events/battery-cabinets-for-ups-systems)
Top Companies Market Share in Absorbent Glass Mat- AGMBattery Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. North America emerges as the dominant region in the absorbent glass mat (AGM) battery market because of the stringent government regulations and the high level of environmental consciousness in this area. The regional market for absorbent glass mat batteries will experience expansion due to the widespread adoption of renewable energy sources.
Asia-Pacific stands out as the fastest-growing region in the absorbent glass mat (AGM) battery market because of the rapid industrialization in this area, the rise of battery manufacturing facilities, and the rising demand for high-tech goods.
The current report Scope analyzes Absorbent Glass Mat- AGMBattery Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Absorbent Glass Mat- AGMBattery Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Absorbent Glass Mat- AGMBattery Industry growth. Absorbent Glass Mat- AGMBattery market has been segmented with the help of its Type, Voltage End User, and others. Absorbent Glass Mat- AGMBattery market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, stationary batteries are the dominating category. Due to their larger grid architecture and other features, stationary batteries have a longer shelf life. So, they are utilized to power energy storage devices, emergency lighting, and uninterruptible power supplies (UPS) in hospitals, factories, and other commercial establishments. Fuel cell electric car demand for AGM batteries is driving significant growth in the motive batteries category.
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This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of Absorbent Glass Mat- AGMBattery from 2019 to 2031. This will also help to analyze the demand for Absorbent Glass Mat- AGMBattery across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key Voltage of Absorbent Glass Mat- AGMBattery are:
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Senior Research Analyst at Cognitive Market Research
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights. Experience in analyzing current trends, market demand, market assessment, growth indicators, competitors' strategy, etc. to help top management & investors to make strategic and tactical decisions in the form of market reports and presentations. Successfully delivered more than 500+ client & consulting assignments across verticals. Ability to work independently as well as with a team with confidence and ease.
I am committed to continuous learning and staying at the forefront of emerging trends in research and analytics. Regularly engaging in professional development opportunities, including workshops and conferences, keeps my skill set sharp and up-to-date. I spearheaded research initiatives focused on market trends and competitive landscapes. I have a proven track record of conducting thorough analyses, distilling key insights, and presenting findings in a way that resonates with diverse stakeholders. Through collaboration with cross-functional teams, I played a pivotal role in shaping business strategies rooted in robust research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Absorbent Glass Mat- AGMBattery Market is witnessing significant growth in the near future.
In 2023, the Stationary segment accounted for noticeable share of global Absorbent Glass Mat- AGMBattery Market and is projected to experience significant growth in the near future.
The 2–4 Volts segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Clarios (US) , Exide Technologies (US) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Stationary, Motive |
Voltage | 2–4 Volts, 6–8 Volts, 12 Volts & above |
End User | OEM, Aftermarket |
Application | Automotive, UPS, Industrial, Energy Storage, Others |
List of Competitors | Clarios (US), Power Sonic Corporation (US), Exide Technologies (US), C&D Technologies (US), East Penn Manufacturing Company (US), Universal Power Group (US), Fullriver Battery (US), EnerSys (US) |
This chapter will help you gain GLOBAL Market Analysis of Absorbent Glass Mat- AGMBattery. Further deep in this chapter, you will be able to review Global Absorbent Glass Mat- AGMBattery Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Voltage Analysis 2019 -2031
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Chapter 12 Market Split by End User Analysis 2019 -2031
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Chapter 13 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Absorbent Glass Mat- AGMBattery market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Stationary have a significant impact on Absorbent Glass Mat- AGMBattery market? |
What are the key factors affecting the Stationary and Motive of Absorbent Glass Mat- AGMBattery Market? |
What is the CAGR/Growth Rate of 2–4 Volts during the forecast period? |
By type, which segment accounted for largest share of the global Absorbent Glass Mat- AGMBattery Market? |
Which region is expected to dominate the global Absorbent Glass Mat- AGMBattery Market within the forecast period? |
Segmentation Level Customization |
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Additional Qualitative Data |
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