The Global Automotive Absorbent Glass Mat (AGM) Market is expected to grow at a compound annual growth rate of 5.20% in the forecast period of 2021 to 2028 and is likely to reach a value of USD 14,058.07 million by 2028. The high demand for AGM batteries for a wide range of high-current applications is a significant factor driving the market growth rate.
Likewise, the high adoption of high-performance engine starter batteries in vehicles, rise in renewable energy generation target along with large storage requirements in data centers will produce lucrative opportunities for the growth of the automotive absorbent glass mat (AGM) market.
According to Data Bridge Market Research the market for automotive absorbent glass mat (AGM) is expected to gain growth because of the rise in the usages of the AGM batteries due to their easy recyclability. Also the rise in the levels of investment in renewable energy project along with intrinsic advantages offered by the AGM batteries, implementation of strict regulations related to carbon emission are also expected to fuel the demand of the automotive absorbent glass mat (AGM) market over the forecast period of 2021 to 2028. Whereas, the various issues related to security along with shift in the inclination toward other effective alternatives in the energy storage space expected to hinder the growth of the automotive absorbent glass mat (AGM) market in the aforementioned forecast period.
Now the question is which are the other regions that automotive absorbent glass mat (AGM) market is targeting? Data Bridge Market Research has estimated large growth in China due to growth of manufacturing facilities of batteries and rapid industrialization.
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Key Market Competitors Covered in the Report
Above are the key players covered in the report, to know about more and exhaustive list of automotive absorbent glass mat (AGM) companies’ contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-automotive-absorbent-glass-mat-agm-battery-market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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