Robert Bosch GmbH, Trojan Battery Company, Panasonic Corporation, Defender Industries, Power Sonic Corporation, and Exide Technologies, among others, are the major players in the global market for absorbent glass mat (AGM) battery.
As per the analysis by Expert Market Research, the absorbent glass mat (AGM) battery market is expected to grow at a CAGR of 5% during the forecast period of 2022-2027, owing to its efficiency over lead batteries.
Favourable features of absorbent glass mat (AGM) batteries, such as longer battery life, quick recharge, vibration resistance, start-stop applications, and high electrical loads, are propelling the expansion of the absorbent glass mat (AGM) battery market globally. The demand for effective batteries is predicted to lead to a large increase in the market. Governments all over the world are putting further pressure on the market expansion by enforcing strict CO2 emission standards. Absorbent glass mat batteries are also used in high-end, cutting-edge, and fuel-efficient vehicles with significant power requirements. This is anticipated to support the market expansion.
Europe is expected to hold a major share in the AGM battery industry due to the manufacturing of cars that have start/stop functions. With rapid industrialisation and an increase in the demand for advanced technologies, the absorbent glass mat (AGM) battery market is expected to propel in the Asia Pacific region in the forecast period. Due to its superior efficiency over lead batteries and other features like vibration resistance and start-stop functionality, the market for AGM batteries is growing.
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One of the top providers of technology and services globally is the Bosch Group. Consumer goods, energy and building technology, industrial technology, and mobility solutions make up the group's four primary business sectors. The Bosch Group's strategic objective is to enable connected life by developing products and services that either use artificial intelligence (AI) or were developed or produced with its assistance.
|Headquarters:||California, United States|
Trojan Battery is a leading multinational company that manufactures deep-cycle solar and motive batteries. They provide a wide range of energy storage solutions which includes deep-cycle flooded, gel and lithium batteries and absorbent glass mat (AGM) batteries. Some of the uses of their products are in the ariel work platform, floor cleaning batteries, transportation batteries, oil and gas batteries, renewable energy batteries and many more.
In the creation of numerous electronic technologies and solutions, Panasonic Corporation is a world leader. Panasonic provides a wide range of goods and services in addition to consumer electronics, such as rechargeable batteries, automotive and avionic systems, industrial systems, as well as remodelling and building homes.
|Headquarters:||Connecticut, United States|
Defender is a company which provides quality boat supplies, inflatable boats, and outboard motors from top manufacturers. It is the biggest single-location dealer of inflatable boats in North America and stocks a huge selection, including its own line. Defender is the largest distributor of Zodiac inflatable boats worldwide.
|Headquarters:||California, United States|
Power Sonic Corporation is a reliable innovator providing battery and energy storage solutions. It is a leading company in the battery industry. Its major operations are in the United Kingdom, France, Mexico, and Netherlands. Its battery products have a wide range of applications in a variety of sectors like medical, infrastructure, safety, and utilities.
|Headquarters:||Georgia, United States|
Exide is a multinational company providing solutions for electric storage. The company manufactures battery-powered cars, heavy-duty vehicles, boats and many more. Their motive power batteries and chargers are built on innovative technologies that contribute to keeping the equipment and forklifts moving. Exide is one of the largest independent battery distributors in the United States.
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.