AGM Battery Market is Projected to Reach a Value of $20.5 Billion By 2033, At A Compound Annual Growth Rate (CAGR) Of 5.9%: The Brainy Insights

Newark, April 09, 2024 (GLOBE NEWSWIRE) — The Brainy Insights estimates that the USD 11.6 billion AGM battery market will reach USD 20.5 billion by 2033. The upgraded lead-acid battery, known as an absorbent glass mat (AGM) battery, can withstand vibrations and deliver exceptional power to meet the increased electrical needs of cars and start-stop applications. These batteries have several qualities that make them ideal for UPS, automobiles, military aircraft, heavy-duty vehicles, and other applications. These include being spill-proof, effortlessly transported, vibrant resistant, shock-resistant, and maintenance-free. Some of the major factors propelling the market for these batteries include the increased investment in renewable energy and the easy recycling of these batteries compared to other batteries, which are ideal for high-current applications like UPS.
● FIAMM Energy Technology S.p.A
● NINGBO BAIHENG SCIENCE&TECHNOLOGY CO LTD
● B&F Technology Limited
● Hokuetsu Corporation
● Nippon Sheet Glass Co Ltd
● East Penn Manufacturing Co Inc
● Fengxin Industrial Co Ltd
● ShanDong Renfeng Special Materials Co Ltd
● Hollingsworth & Vose
● Stationary
● Energy Storage
● Automotive
● Industrial
● Others
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Web: http://www.thebrainyinsights.com
(GlobeNewsWire)