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, various advantages of AGM batteries are some of the major drivers for the absorbent glass mat (AGM) battery market.
The global absorbent glass mat (AGM) battery market is segmented into voltage, type, end-user, application, and geography.
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
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 and Africa and South America and insights are provided for each region and major countries within the regions
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.
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
The companies have come up with various promotional activities in from of launch, investment, acquisition, and other, for instance: