According to a new report published by UnivDatos Markets Insights the Absorbent Glass Mat Battery Market is expected to grow at a CAGR of around 5% from 2021-2027. The analysis has been segmented into Type (Stationary and Motive batteries); Voltage (2-4 volts, 6-8 volts, 12 volts and above); Application (Automotive, UPS, Industrial, Energy Storage, and Others); Region/Country.

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The Absorbent Glass Mat battery market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Absorbent Glass Mat battery market. The Absorbent Glass Mat battery market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the Absorbent Glass Mat battery market at the global and regional levels.

Market Overview

The market is primarily driven by the implementation of strict regulations related to carbon emission is one of the major drivers of the AGM battery market. In the automotive industry, trucks are beginning to install AGM battery, since it requires minimal maintenance. Rise in demand for renewable energy components/systems such as solar power is completely dependent on energy storage batteries. Thus, these factors are expected to drive the demand for AGM batteries in the next few years. Furthermore, their maintenance-free properties, combined with no hassle of topping up with distilled water at frequent intervals are major factors which will augment growth of the absorbent glass mat (AGM) battery market.

COVID-19 Impact

In the wake of the COVID-19 pandemic, countries across the globe have been encountering massive economic and health crises. Governments in developing economies implemented strict regulations such as lockdown to curb the spread of coronavirus. This has adversely impacted the output of multiple industrial sectors including AGM manufacturers. Moreover, manufacture of various consumer goods and other products across the globe has come to a halt due to the unavailability of raw materials, shortage of labor, etc.

The global Absorbent Glass Mat battery market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

·        Based on voltage, the market can be segregated into 2-4, 6-8, 12 and above. Amongst them, 2–4 Volts is expected to grow at the highest CAGR during the forecast period. These 2-4 voltage AGM batteries are the most popular and in-demand because of their enormous capacities and exceptional capabilities. These batteries are designed for use in high-current devices, like start-stop systems. Because they are inflammable-free, these batteries perform better than low-voltage batteries.

·        Based on the application, the global market can be segmented into automotive, UPS, industrial, energy storage, and others. Amongst them, UPS is to witness significant growth owing to the increased usage of AGM batteries for emergency backup applications for numerous commercial and industrial uses. The AGM battery powers the UPS system with a high current for brief periods of time. Due to their characteristics including low internal resistance, increased specific power & efficiency, low purchase costs, and low self-discharge rate, AGM batteries are a favored option for UPS systems.

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Absorbent Glass Mat Battery Market Geographical Segmentation Includes:

·        North America (United States, Canada, and Rest of North America)

·        Europe (Germany, United Kingdom, Italy, France, Spain, and the Rest of Europe)

·        Asia-Pacific (China, India, Australia, Japan, and the Rest of Asia-Pacific)

·        Rest of the World

For a better understanding of the market adoption of Absorbent Glass Mat Batteries, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia and Rest of APAC), and Rest of World. APAC regions is projected to hold the largest share of the market by 2027 due to rising demand from expanding economies such as China, India, and Indonesia, among others. The Asia Pacific AGM battery market is being driven by the region's rapid industrialization and rising demand for high-tech goods. In Asia Pacific, China is the region's top producer and consumer of AGM batteries. Due to the expansion of battery production facilities in the country, China now accounts for a significant portion of the AGM battery market in the Asia Pacific region.

The major players targeting the market include

·        Clarios

·        Power Sonic Corporation

·        Exide Technologies

·        C&D Technologies

·        Fullriver Battery

·        East Penn Manufacturing Company

·        Universal Power Group

·        EnerSys

·        Panasonic Holdings Corporation

·        Concorde Battery Corporation

Competitive Landscape

The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analyst’s sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Absorbent Glass Mat battery market. The major players have been analyzed by using research methodologies for getting insight views on global competition.

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Key questions resolved through this analytical market research report include:

• What are the latest trends, new patterns, and technological advancements in the Absorbent Glass Mat battery market?

• Which factors are influencing the Absorbent Glass Mat battery market over the forecast period?

• What are the global challenges, threats, and risks in the Absorbent Glass Mat battery market?

• Which factors are propelling and restraining the Absorbent Glass Mat battery market?

• What are the demanding global regions of the Absorbent Glass Mat battery market?

• What will be the global market size in the upcoming years?

• What are the crucial market acquisition strategies and policies applied by global companies?

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