Global Absorbed Glass Mat Agm Separator Batteries Market Overview:
Absorbed Glass Mat (AGM) technology batteries are a kind of Valve Regulated Lead Acid (VRLA) battery that utilizes a material fabricated from extremely fine glass fibers. The AGM material goes about as a separator between the positive and negative plates and as a wipe to hold the sulphuric corrosive electrolyte. Rather than the traditional polyethylene separator, AGM batteries are wrapped with a glass mat that assimilates the electrolyte and keeps direct contact with the plate's dynamic material that improves both release and re-energizes productivity, bringing about elite motor turning over and high cycle abilities. The benefits provided by the AGM separator batteries such as it optimized for partial state of charge operations, provide top-level safety features and absolutely no free acid, long shelf life, and higher energy throughput over battery lifespan.
- Manufacturers are producing maintenance-free and non-spillage batteries with longer life
- Increase in adoption for absorbed glass mat separator batteries
- High cost of the AGM separator batteries
- High cost of the distribution process of AGM batteries separator
- Increase in the adoption and demand of AGM separator batteries in emerging countries
- Increase reducing the use of fossil fuel vehicles and their emission
- Expansion of production base for manufacturing larger volumes of batteries
- Availability of substitutes such as nickel-cadmium-based batteries and lithium-ion batteries
- AGM batteries are susceptible to overcharging, which decreases their lifecycle
The Absorbed Glass Mat (AGM) Separator Batteries market is moderately fragmented and some leading players are driving the market by introducing new launches. Also, companies are focus on capacity expansion by making mergers & acquisitions (M&A), which are the key strategies followed by companies to increase their market share and business operations globally.
Some of the key players profiled in the report are Nippon Sheet Glass Co. Ltd. (Japan), East Penn Manufacturing Co. Inc. (United States), Fengxin Industrial Co. Ltd. (China), Ningbo Baiheng Science & Technology Co. Ltd. (China), Hi-Tech Insulator (India), Hollingsworth & Vose (United States), Hokuetsu Corporation (Japan), GS Yuasa Corporation (Japan), FIAMM Energy Technology S.P.A. (Japan) and Shandong Renfeng Special Materials Co. Ltd. (China). Analyst at AMA Research see Japan Manufacturers to retain maximum share of Global Absorbed Glass Mat Agm Separator Batteries market by 2026.
Latest Market Insights:
On 10 May 2021, Nippon Sheet Glass Co., Ltd and ENTEK Technology Holdings LLC are announced that they have entered an agreement for ENTEK to acquire the majority stake in NSG’s Battery Separator business. NSG Group has been supplying battery separators for lead-acid batteries. ENTEK is a global leader in the battery separator business, supplying separators for both lead-acid and lithium batteries to customers globally. This acquisition combines ENTEK’s core competencies in material science and equipment engineering and design along with capital to fund future growth with NSG Group.
On Oct 2020, East Penn has announced the Deka HRC battery, the newest addition to the company’s highly regarded line of advanced AGM technology using Compu-Press™, an exclusive process used to compress the lead into a grid built for corrosion resistance and long-life, ensuring the user doesn’t compromise on high rate power or performance. Pairing this process with advanced AGM technology and components such as Epoxy-sealed posts, top access terminals, and flame arrested self-sealing valves gives the Deka HRC the safety, dependability, and performance users have come to expect from all of the company’s Deka branded High Rate products.
What Can be Explored with the Absorbed Glass Mat Agm Separator Batteries Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Absorbed Glass Mat Agm Separator Batteries Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Absorbed Glass Mat Agm Separator Batteries
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Absorbed Glass Mat Agm Separator Batteries market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Absorbed Glass Mat Agm Separator Batteries market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Automobile Manufacturers, Electric Vehicle Producers, Government Regulatory Authority, Industry Association and Battery Material Suppliers.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Absorbed Glass Mat Agm Separator Batteries Market?
The Absorbed Glass Mat Agm Separator Batteries market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Absorbed Glass Mat Agm Separator Batteries Market?
Top performing companies in the Global Absorbed Glass Mat Agm Separator Batteries market are Nippon Sheet Glass Co. Ltd. (Japan), East Penn Manufacturing Co. Inc. (United States), Fengxin Industrial Co. Ltd. (China), Ningbo Baiheng Science & Technology Co. Ltd. (China), Hi-Tech Insulator (India), Hollingsworth & Vose (United States), Hokuetsu Corporation (Japan), GS Yuasa Corporation (Japan), FIAMM Energy Technology S.P.A. (Japan) and Shandong Renfeng Special Materials Co. Ltd. (China), to name a few.
3. What trending factors would impact Absorbed Glass Mat Agm Separator Batteries Market growth most?
"Electrical vehicles are on the up-surge and consumers are also shifting from traditional vehicles to electric vehicles
" is seen as one of major influencing trends for Absorbed Glass Mat Agm Separator Batteries Market during projected period 2020-2026.