About Absorbed Glass Mat Agm Separator Batteries
Absorbed Glass Mat (AGM) technology batteries are a kind of Valve Regulated Lead Acid (VRLA) battery that utilizes a material fabricated from extremely fine glass fibers. The AGM material goes about as a separator between the positive and negative plates and as a wipe to hold the sulphuric corrosive electrolyte. Rather than the traditional polyethylene separator, AGM batteries are wrapped with a glass mat that assimilates the electrolyte and keeps direct contact with the plate's dynamic material that improves both release and re-energizes productivity, bringing about elite motor turning over and high cycle abilities. The benefits provided by the AGM separator batteries such as it optimized for partial state of charge operations, provide top-level safety features and absolutely no free acid, long shelf life, and higher energy throughput over battery lifespan.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.1% |
The Absorbed Glass Mat (AGM) Separator Batteries market is moderately fragmented and some leading players are driving the market by introducing new launches. Also, companies are focus on capacity expansion by making mergers & acquisitions (M&A), which are the key strategies followed by companies to increase their market share and business operations globally. Analyst at AMA Research estimates that Japan Manufacturers will contribute the maximum growth to Global Absorbed Glass Mat Agm Separator Batteries market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Nippon Sheet Glass Co. Ltd. (Japan), East Penn Manufacturing Co. Inc. (United States), Fengxin Industrial Co. Ltd. (China), Ningbo Baiheng Science & Technology Co. Ltd. (China), Hi-Tech Insulator (India), Hollingsworth & Vose (United States), Hokuetsu Corporation (Japan), GS Yuasa Corporation (Japan), FIAMM Energy Technology S.P.A. (Japan) and Shandong Renfeng Special Materials Co. Ltd. (China) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Absorbed Glass Mat Agm Separator Batteries market by Type (Deep Cycle and Standby), Application (Uninterruptible Power Source (UPS), Automotive, Telecommunications and Others) and Region.
On the basis of geography, the market of Absorbed Glass Mat Agm Separator Batteries has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Electrical vehicles are on the up-surge and consumers are also shifting from traditional vehicles to electric vehicles and Rise in emphasis on reducing energy consumption
Market Growth Drivers:
Manufacturers are producing maintenance-free and non-spillage batteries with longer life and Increase in adoption for absorbed glass mat separator batteries
Challenges:
Availability of substitutes such as nickel-cadmium-based batteries and lithium-ion batteries and AGM batteries are susceptible to overcharging, which decreases their lifecycle
Restraints:
High cost of the AGM separator batteries and High cost of the distribution process of AGM batteries separator
Opportunities:
Increase in the adoption and demand of AGM separator batteries in emerging countries, Increase reducing the use of fossil fuel vehicles and their emission and Expansion of production base for manufacturing larger volumes of batteries
Market Leaders and their expansionary development strategies
In August 2023, GS Yuasa Corporation, a leading AGM battery manufacturer, announced a partnership with Clarios, a global leader in advanced energy storage solutions, to develop and supply next-generation AGM batteries for the automotive industry. This partnership aims to leverage the combined expertise of both companies to create innovative and high-performance AGM batteries.
In February 2024, East Penn Manufacturing, another major AGM battery manufacturer, launched its new line of AGM batteries specifically designed for powersport applications. These batteries offer improved performance and durability for motorcycles, ATVs, and other powersport vehicles.
Key Target Audience
Automobile Manufacturers, Electric Vehicle Producers, Government Regulatory Authority, Industry Association and Battery Material Suppliers
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.