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Absorbed Glass Mat (AGM) Separator Batteries Market: Stakeholders Ride High on Rising Popularity of Electric Vehicles

Sep 4th 2019 at 12:30 AM

Absorbed glass mat, a sophisticated lead-acid battery, offers excellent power to underpin soaring electrical demands of automobiles and start-stop applications. AGM separator batteries tend to be resistant to vibration, nonspillable and maintenance-free. Further, AGm separator batteries are highly sought-after for it provides better cycling performance, minimal acid leakage and gassing. These insights are according to the intelligence report, titled, “Absorbed Glass Mat (AGM) Separator Batteries Market—Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019-2027,” which has been freshly added to Market Research Hub’s (MRH) overarching repository. Absorbed Glass Mat (AGM) separator batteries have become an exceptional premium choice for advanced fuel-efficient and high-end vehicles with large power demands and for customers who seek longer life and excellent reliability in auto batteries. As such, electronic features such as GPS, DVD players, audio systems and heated seats have substantiated the growth of AGM separator batteries market.

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Rigorous Regulations on Fossil Fuel Usage

Rigorous regulations on the usage of fossil fuels and soaring traction for electronic vehicles are expected to trigger the growth of absorbed glass mat (AGM) separator batteries market. Prominent players such as Nippon Sheet Glass Co. Ltd, Hokuestsu Corporation, Hollingsworth & Vose and Shandong Renfeng Special Materials Co. Ltd have been adhering the regulations and expanding their footprint across the globe.

Companies Plan to Expand Manufacturing Base

Prominent companies are vying to expand their manufacturing facilities of lead batteries. For instance, a leading Japan based manufacturer of lead-acid batteries for automobiles GS Yuasa Corporation is set to expand its foothold in China. The company is expected to produce ~6 million units of lead batteries by 2021.

Asia Pacific Set to Spearhead the Growth

Rising trend of electric vehicles in China and India has underpinned the market for absorbed glass mat (AGM) separator batteries that is set to grow at a CAGR of ~5%. Growing popularity of AGM batteries in China, India and South Korea has bolstered the market.

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Absorbed Glass Mat (AGM) Separator Batteries Market: Report Snapshot

Quantitative and qualitative assessment exhort intelligence and overarching report on the absorbed glass mat (AGM) separator batteries market. Further, the report thoroughly delineates various aspects of the market that will potentially have considerable influence on the development of the absorbed glass mat (AGM) separator batteries market. As such, those aspects incorporate drivers, trends, restraints, and opportunities. Furthermore, the report elucidates segregation of the market that provides an exhaustive analysis on absorbed glass mat (AGM) separator batteries.

An insightful and deep-dive assessment of the competitive assessment of the absorbed glass mat (AGM) separator batteries market pins hope on Porters’ Five Force Analysis. Accordingly, the Porters’ Five Force Analysis offers a pressing analysis on the potential strategies of the preeminent players in the absorbed glass mat (AGM) separator batteries market. In addition, the business strategies counts on company overview, product portfolio, SWOT analysis, key differentiation and recent development.

Absorbed Glass Mat (AGM) Separator Batteries Market: Research Methodology

Primary sources and secondary sources propel intelligence report on absorbed glass mat (AGM) separator batteries market that provide deep dive analysis on the market. As such, the report provides reliable and unbiased projections, and assessments which have palpable impact on the market size and historical data. Besides, the report also counts on primary sources which hinges upon in-depth and intelligent analysis from well-grounded and reliable experts, telephonic interview, and a thorough assessment from surveys and seasoned analyst. Report on absorbed glass mat (AGM) separator batteries market further acknowledges secondary sources-namely-Factiva, EC filing, press release, trade journals, resourceful database and governmental websites.

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