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Absorbed Glass Mat (AGM) Battery Market Size By Application, Industry Analysis Report, Regional Outlook (North America, Europe, Asia Pacific, Middle East & Africa, And South America), Growth Potential, Price Trends, Competitive Market Share & Forecast 2023 - 2030

ID : MRU_2794 | Date : Jan, 2023 | Pages : 180 | Region : Global

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Absorbed glass mat (AGM) battery is an advanced technology battery compared to lead- acid flooded battery. AGM batteries are constructed in such a way that the electrolyte is made to be suspended between the glass mat (primarily made of fiberglass) and battery plates. The amount of electrolyte is minimal in such batteries and it contains only enough electrolyte to keep the mat wets. If we compare traditional lead acid batteries with AGM batteries then AGM batteries are far more efficient because of its design and construction, better lifespan, resistance to vibrations, no spillage or leakage and more capacity.
Stringent CO2 emission norms and start-stop functions in all the cars manufactured by European automobile by 2023 is one of the key driver for Europe AGM battery market. Trucking industry has also now started using AGM battery since it requires minimal maintenance. Renewable energy systems like solar power completely depends on AGM batteries too and these factors are anticipated to strongly driver growth of the global AGM battery market. Higher AGM technology costs as compared to lead-acid battery could be a potential restraint for the global market of AGM battery. 
The Global Absorbed Glass Mat (AGM) Battery Market was valued at xxx million USD with a CAGR xx% from 2018-2022. Subsequently, it will touch xxx million USD in 2023 with a CAGR xx % from 2023-2030.

In the global Absorbed Glass Mat (AGM) Battery Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.

In Market segmentation by manufacturers, the report covers the following companies-
Robert Bosch
Duracell
Exide
Trojan Batteries
AMARON QUANTA
ODYSSEY batteries
Adventure Power
MK Battery
Tudor India Limited
Centennial AGM

In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

In Market segmentation by types :
Automobile Battery
Inverter Battery
Solar Energy Battery
Alternate Energy

In Market segmentation by applications :
OEM
Aftersales 

The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Absorbed Glass Mat (AGM) Battery Market for the forecast period 2023-2030?
• What are the driving forces in the Absorbed Glass Mat (AGM) Battery Market for the forecast period 2023-2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Absorbed Glass Mat (AGM) Battery industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?
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