Absorbent Glass Mat (AGM) Battery Market, By Voltage (2–4 V, 6–8 V, 12 V & Above), Type (Stationary, Motive), End-User (OEM, Aftermarket), Application (Automotive, UPS, Industrial, Energy Storage, Others), Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America. The global absorbent glass mat (AGM) battery market is anticipated to reach USD 11.8 billion by 2022 growing at a CAGR of 5.2% during the forecasting period, 2020-2028. AGM or Absorbent Glass Mat is an advanced lead-acid battery that runs on superior power so as to support the higher electrical demands of today’s vehicles and other applications. AGM batteries are also highly applicable for start-stop vehicle technology, which promptly gained popularity in Europe and moved in the U.S. market in model-year 2013 vehicles. Factors such as easy to recycle, increasing investment in renewable energy, and various advantages of AGM batteries are some of the major drivers for the absorbent glass mat (AGM) battery market.
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Key Findings
The global absorbent glass mat (AGM) battery market is segmented into voltage, type, end-user, application, and geography.
The voltage segment is 2–4 V, 6–8 V, and 12 V & Above.
The type segment is segmented into Stationary and Motive.
The end-user segment is segmented into OEM and Aftermarket.
The application segment is segmented into Automotive, UPS, Industrial, Energy Storage, and others.
Geographically, the global absorbent glass mat (AGM) battery market is sub-segmented into North America, Europe, Asia-Pacific, Middle East Africa and South America and insights are provided for each region and major country within the regions.
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Regional Analysis
Asia-Pacific region has come up as the prominent region for the leading share in the overall global market during the forecast period 2020-2028.
Competitive Landscape
Key players in the global absorbent glass mat (AGM) battery market are Power-Sonic Corporation (US), Exide Technologies (US), Fullriver Battery (US), Clarios (US), C&D Technologies (US), East Penn Manufacturing Company (US), Universal Power Group (US), and EnerSys (US), among others.
Recent Developments
The companies have come up with various promotional activities in from of launch, investment, acquisition, and other, for instance:
- In 2017, Trojan Battery Co., LLC, the world’s leading manufacturer of deep-cycle batteries, launches its new line of maintenance-free, true deep-cycle absorbent glass mat (AGM) batteries specifically designed for solar and other renewable energy applications
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