Absorbent Glass Mat (AGM) Battery Market Key Highlights:
Market Size (2024): USD 12,650 Million
Projected Market Size (2034): USD 20,420 Million
CAGR (2024-2034): 9.3%
Pricing Analysis:
Price Growth
Regional Variations
Market Historic Sales
Total sales volume, year-over-year growth, product categories, and market share.
Revenue Estimation
Forecasting future revenues based on historical data, market trends, and economic indicators.
Sales by Region
Breakdown of sales performance across different geographical areas.
Revenue by Manufacturer
Analysis of revenue contributions from different manufacturers in the market.
Absorbent Glass Mat (AGM) Battery Market Definition
The absorbent glass mat (AGM) battery market is experiencing a rise in demand because of the growing awareness and consumption of renewable energy sources. The need for effectual and adaptable energy solutions is rising as more renewable power grids are used. Absorbent glass mat batteries offer an efficient and flexible solution for energy storage along with renewable power grids. The governments throughout the globe are pushing for zero emissions with strict regulations while initiating policies that are favorable for renewable energy.
The demand for automobiles is increasing and also options with lesser carbon footprint are giving way to innovations like electric or hybrid vehicles. The absorbent glass mat battery has low self-discharge rate making it a preferred choice for start-stop technology vehicles. AGM batteries are resistant to vibration, maintenance free, non-spillable, improved cycling performance, minimum acid leakage and gassing etc. Such features have boosted the demand for absorbent glass mat batteries in the automative sector. These factors will contribute to the growth of absorbent glass mat (AGM) battery market in the future.
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