Absorbent Glass Mat Battery Market Report: Trends, Forecast and Competitive Analysis to 2030

Absorbent Glass Mat Battery Trends and Forecast

The future of the global absorbent glass mat battery market looks promising with opportunities in the automotive, UPS, industrial, and energy storage markets. The global absorbent glass mat battery market is expected to reach an estimated $13.7 billion by 2030 with a CAGR of 5.4% from 2024 to 2030. The major drivers for this market are growth in investments in renewable energy, rising need for energy storage solutions for high-current devices like UPS, as well as, growing use of virtualization and cloud computing.

A more than 150-page report is developed to help in your business decisions.

Absorbent Glass Mat Battery by Segment

The study includes a forecast for the global absorbent glass mat battery by voltage, type, end use, application, and region.

Absorbent Glass Mat Battery Market by Voltage [Shipment Analysis by Value from 2018 to 2030]:

• 2-4 Volts
• 6-8 Volts
• 12 Volts & above

Absorbent Glass Mat Battery Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Stationary
• Motive

Absorbent Glass Mat Battery Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• OEM
• Aftermarket

Absorbent Glass Mat Battery Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Automotive
• UPS
• Industrial
• Energy Storage
• Others

Absorbent Glass Mat Battery Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Absorbent Glass Mat Battery Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies absorbent glass mat battery companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the absorbent glass mat battery companies profiled in this report include-

• Clarios
• Power Sonic Corporation
• Exide Technologies
• C&D Technologies
• Fullriver Battery
• East Penn Manufacturing Company
• Universal Power Group
• EnerSys

Absorbent Glass Mat Battery Market Insights

Lucintel forecasts that stationary is expected to witness higher growth over the forecast period because the stationary absorbent glass batteries are widely used in the UPS and telecom sectors.

APAC is expected to witness highest growth over the forecast period due expansion of battery production facilities, rising demand for high-tech goods, and quick industrialization in this area.

Features of the Global Absorbent Glass Mat Battery Market

Market Size Estimates: Absorbent glass mat battery market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Absorbent glass mat battery market by various segments, such as by voltage, type, end use, application and region in terms of ($B).

Regional Analysis: Absorbent glass mat battery market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different , voltage, type, end use, application, and regions for the absorbent glass mat battery market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the absorbent glass mat battery market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the absorbent glass mat battery market size?

Answer: The global absorbent glass mat battery market is expected to reach an estimated $13.7 billion by 2030.

Q.2 What is the growth forecast for absorbent glass mat battery market?

Answer: The global absorbent glass mat battery market is expected to grow with a CAGR of 5.4% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the absorbent glass mat battery market?

Answer: The major drivers for this market are growth in investments in renewable energy, rising need for energy storage solutions for high-current devices like UPS, as well as, growing use of virtualization and cloud computing.

Q4. What are the major segments for absorbent glass mat battery market?

Answer: The future of the global absorbent glass mat battery market looks promising with opportunities in the automotive, UPS, industrial, and energy storage markets.

Q5. Who are the key absorbent glass mat battery market companies?

Answer: Some of the key absorbent glass mat battery companies are as follows.

• Clarios
• Power Sonic Corporation
• Exide Technologies
• C&D Technologies
• Fullriver Battery
• East Penn Manufacturing Company
• Universal Power Group
• EnerSys

Q6. Which absorbent glass mat battery market segment will be the largest in future?

Answer: Lucintel forecasts that stationary is expected to witness higher growth over the forecast period because the stationary absorbent glass batteries are widely used in the UPS and telecom sectors.

Q7. In absorbent glass mat battery market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due expansion of battery production facilities, rising demand for high-tech goods, and quick industrialization in this area.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the absorbent glass mat battery market by voltage (2-4 Volts, 6-8 Volts, and 12 Volts & above), type (stationary and motive), end use (OEM and aftermarket), application (automotive, UPS, industrial, energy storage, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?