Absorbed Glass Mat (AGM) Separator Batteries Market to Reach US$ 28.5 Bn
Absorbed Glass Mat (AGM) Separator Batteries Market: Key Highlights
The global absorbed glass mat (AGM) separator batteries market was valued at ~ US$
18.0 Bn in 2018, and is anticipated to expand at a CAGR of ~ 5% during the forecast
The global absorbed glass mat separator batteries market is driven by the rise in the
demand in the automotive industry, especially electric vehicles.
Asia Pacific accounts for a prominent share of the global AGM separator batteries
market, owing to the strong growth of the automotive industry in the region.
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Major Drivers of the Absorbed Glass Mat (AGM) Separator Batteries Market
AGM separator batteries offer properties such as large surface area, high strength, and
high porosity of absorbing acid. Expansion in the automotive industry is boosting the
absorbed glass mat separator batteries market. Increase in the production of electric
vehicles and rise in the demand for electronic accessories in conventional vehicles are
propelling the demand for AGM separator batteries.
The demand for power seats and windows, DVD players, remote or voice-activated
start, anti-theft devices, global positioning systems (GPS), brakes, and valve controls
has been rising in automotive vehicles at a rapid pace. Thus, the increasing integration
of electric or electronic systems in vehicles is driving the demand for absorbed glass
mat separator batteries.
Several premium vehicles, such as sedans and SUVs manufactured by Mercedes-
Benz, contain absorbed glass mat separator batteries in their engine compartments.
AGM separator batteries provide continuous power supply to critical engine
components even if the vehicle’s engine has stopped.
Increase in the number of regulations on the usage of fossil fuels and rising initiatives
to boost the sale of electric vehicles are anti