Global Market for Absorbent Glass Mat (AGM) Batteries
DUBLIN, January 27, 2024 (Globe Newswire) — The Absorbent Glass Mat (AGM) Batteries – Global Strategic Business Report report has been added. ResearchAndMarkets.com Recruitment.
The global landscape of the Absorbent Glass Mat (AGM) Battery market is undergoing a significant growth phase, with comprehensive market research projecting the sector to expand to USD 20.4 billion by 2030. has become clear. The industry is rooted in technological advances and green energy solutions, with an average annual growth rate of 8.1% over the next eight years, highlighting its rapid development and growing interest from various sectors. .
In the detailed report, the stationary segment of the AGM battery industry stands out for its impressive growth trajectory and is expected to soar at a CAGR of 8.8% to reach a valuation of USD 14.3 billion by the end of this decade. This reflects the growing demand for efficient energy storage solutions across multiple applications.
Major market momentum
Currently, the United States has a significant stake in this market, with a value of USD 3 billion as of 2022. Meanwhile, China is expanding its ranks at an unprecedented 12.8% CAGR and is expected to have a significant impact with a market size of USD 4.8 billion by 2030. Market expansion is also expected in other regions such as Japan and Canada. Germany has emerged as a major player in Europe and is expected to grow at a CAGR of 5.8% during the same period.
Focused competitive analysis
AGM Battery Market Key Players and Competitive Dynamics
The AGM Battery market report includes a detailed analysis of 34 prominent competitors in the industry. This section provides insights into the market share, business regions, and strategic positioning of key manufacturers and service providers in the AGM battery sector.
Insightful global context
The report provides a contemporary perspective, taking into account the impact of the Russia-Ukraine conflict, the impact of China's zero-corona policy adjustment, supply chain challenges, trade tensions, and looming recession risks.
Packed with quantitative and qualitative data on the AGM Battery Market, the latest research findings are aimed at industry stakeholders, investors keen to understand the market dynamics and overarching trends shaping the future of the energy sector. Provides detailed insights essential to decision makers.
Notable highlights:
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Trend towards stationary applications as key market driver
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Highlights the role of the US and China, details strong growth in key regions
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Detailed analysis of competitors reflecting their market position and influence
Key attributes:
|
report attributes |
detail |
|
number of pages |
89 |
|
Forecast period |
2022-2030 |
|
Estimated market value in 2022 (USD) |
$11 billion |
|
Projected market value to 2030 (USD) |
$20.4 billion |
|
compound annual growth rate |
8.0% |
|
Target area |
global |
Some of the companies mentioned in this report include:
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BB battery
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bosch
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C&D Technologies
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cell power battery
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Clarios
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Concord Battery Corporation
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crown battery
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Eagle Pitcher Technologies
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East Penn Manufacturing Company
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energy system
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Exide Technologies
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FIAM ENERGY TECHNOLOGY
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full river battery
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Gs battery
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Leochi
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Panasonic Industry Europe
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Power Sonic Co., Ltd.
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roll battery
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storage battery system
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universal power group
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Victron Energy
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Vmax USA
For more details and insights on the AGM Battery market, interested parties can explore the comprehensive analysis currently available for review. https://www.researchandmarkets.com/r/9okqdw
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