Industry Background:
Absorbed glass mat (AGM) batteries are defined as a source of backup power, emergency power or stand by the power supply. It is used in marine, industrial Ups utilities, medical devices and many more. Majority of the manufacturer is preferring the AGM because of its ability to recharge faster and high voltage characteristics during discharge. Increasing demand from sectors like automotive for start-stop system and many other sectors has boosted unprecedented growth of AGM batteries demand in the market. The ability of batteries to give power to specific accessories such as winches, A/C compressors, start/stop applications is booming the demand of AGM batteries.
This growth is primarily driven by Integral Advantages of AGM Batteries, The surge in Renewable Energy Investment World Wide and High Power Capacity Compared To Traditional Batteries.
Globally, a noticeable market trend is evident Driving Demand For Less Prone To Sulfation AGM Battery. Major Manufacturers, such as Clarios (United States), Power Sonic Corporation (United States), Exide Technologies (United States), C&D Technologies (United States), Fullriver Battery (United States), East Penn Manufacturing Company (United States), Universal Power Group (United States) and EnerSys (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In November 2018 C&D Technology Acquired Trojan Battery Company, C&D Is United State Based Company Which Offers Services To Different Industries. This Merger Of Two Leading Battery Manufacturing Company Will Expand Its Lead Into The Battery Manufacturing. C&D Technology And Its AGM Batteries Are the Main Factors Of Growth In Market.
Market Drivers
- Integral Advantages of AGM Batteries
- The surge in Renewable Energy Investment World Wide
- High Power Capacity Compared To Traditional Batteries
Market Trend
- Driving Demand For Less Prone To Sulfation AGM Battery
Restraints
- The Fluctuation of the Price for AGM Battery
Opportunities
Rising Adoption of High-Performance Engine Starter Batteries in Vehicles and Increase in Renewable Energy Generation Target
Challenges
Deployment of Electric Vehicles and AGM Batteries Are More Susceptible To Overcharge
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, AGM Batteries Study Sheds Light on
The AGM Batteries Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the AGM Batteries industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where AGM Batteries industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.