May 27, 2022 09:00 ET | Source: Future Market Insights Global and Consulting Pvt. Ltd. Future Market Insights Global and Consulting Pvt. Ltd.
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NEWARK, Del, May 27, 2022 (GLOBE NEWSWIRE) -- As per Future Market Insights, the global absorbent glass mat(AGM) battery market is estimated to garner US$ 18 Billion while exhibiting a 4.8% CAGR during the forecast period. The growing support from several governments is likely to fuel the market growth in the coming years. The industry is expected to secure US$ 11.2 Billion in 2022.
The number of research and development by the leading manufacturer and the production of maintenance-free and non-spillage batteries with loner life is the primary factor driving the growth of the absorbent glass mat (AGM) battery market. The increasing demand for renewable energy projects across the globe is also expected to fuel the demand of the market over the forecast period.
The UPS segment is likely to offer remunerative opportunities for the global absorbent glass mat(AGM) battery market. Several emerging economies are making significant developments in their automotive sector, thereby, providing lucrative opportunities to players in the market.
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“Rising penetration of renewable energy across grids has boosted the need for efficient and flexible energy storage solutions is expected to fuel the demand of absorbent glass mat (AGM) battery market over the forecast period,” says an FMI analyst.
Competitive Landscape Eminent players of the global absorbent glass mat (AGM) battery market include Clarios, Power Sonic Corporation, Exide Technologies, C&D Technologies, East Penn Manufacturing Company among others. Recent key developments among players include:
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Table of Content 1. Executive Summary
1.3. Key Market Characteristics & Attributes
3. Market Risks and Trends Assessment
3.2. Key Trends Impacting the Market
3.3. Formulation and Product Development Trends
4.1. Absorbent Glass Mat (AGM) Battery Market, by Key Countries
4.2. Absorbent Glass Mat (AGM) Battery Market Opportunity Assessment (US$ Mn)
4.5. Forecast Factors - Relevance & Impact
5.1. Manufacturers’ Focus on Low Penetration High Growth Markets
5.2. Banking on with Segments High Incremental Opportunity
6. Global Absorbent Glass Mat (AGM) Battery Market Demand Analysis 2015-2021 and Forecast, 2022-2032
6.2. Current and Future Market Projections, 2022-2032
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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