Major AGM battery market participants include Clarios, GS Yuasa International, East Penn Manufacturing Company, C&D Technologies, leoch International Technology Limited, HOPPECKE Batterien GmbH & Co. KG, THE FURUKAWA BATTERY, FIRST NATIONAL BATTERY, Shandong Sacred Sun Power Sources, ENERSYS, Exide Technologies, Mutlu Battery, Amara Raja Batteries Ltd, CROWN BATTERY.
Selbyville, Delaware,, Jan. 09, 2024 (GLOBE NEWSWIRE) -- The AGM battery market valuation expected to reach USD 20.1 billion by 2032, as reported in a research study by Global Market Insights Inc. China Solar Power Gel Battery Supplier
The rising push for cleaner energy and reduced carbon footprints is expected to favor the market growth. With the increasing emphasis on sustainability in manufacturing and consumption, AGM batteries have grown widely popular due to their eco-friendliness and recyclability. The influx of stringent regulations for lower emissions is shifting the attention of the automotive sector to more fuel-efficient vehicles.
Demand for AGM batteries in motive applications is expected to exponentially expand through 2032. The growth can be attributed to the strong ability of these batteries in matching the stringent power requirements, durability, and compatibility with the evolving automotive technologies. AGM batteries can withstand vibrations, shocks, and harsh operating conditions as they boast of reliability and longevity. Rising suitability for delivering higher bursts of power in motive applications, such as vehicles with advanced electrical systems, is another factor influencing the segment expansion.
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C10 Battery AGM battery market size from the aftermarket sales channel segment will significantly grow through 2032. The aftermarket for AGM batteries spans industries, such as automotive, marine, renewable energy, and telecommunications. With aging vehicles and the wearing out of original batteries, consumers are increasingly opting for AGM replacements for