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Global Absorbed Glass Mat Battery Market: By Type: Stationary, Motive; By Output Capacity: 2-6V, 6-8V, 12V and Others; By Distribution channel; By End Use: Automobile, Inverters, Energy Sector, Marine; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Absorbed Glass Mat Battery Market Outlook
The global absorbed glass mat battery market attained a value of USD 11 billion in 2020. The market is expected to grow at a CAGR of 5% during the forecast period of 2021-2026 to reach USD 15 billion by 2026.
Europe Expected to be a Key Contributor in the Global Market for Absorbed Glass Mat Battery
Europe is projected to have a major share in the global market for absorbed glass mat battery owing to the implementation of strict environmental regulations and the manufacture of cars with start-stop functions. Minimal maintenance and higher efficiency are expected to contribute to the growth of the absorbed glass mat battery industry. Moreover, rapid industrialisation and the growing demand for advanced technology are expected to spur the growth of the market growth, especially in the Asia Pacific, one of the fastest-growing regions. China is expected to hold a major share in the Asia Pacific market, owing to the presence of leading manufacturers in the region.
Absorbed Glass Mat Battery: Industry Definition and Segmentation
Absorbed glass mat battery is a modern technology battery used to power various automotive components. The electrolyte is suspended between the glass mat and battery plates, and the amount is kept minimal. These batteries are far more efficient than normal lead batteries, owing to their design and construction, resistance to vibrations, and no spillage.
By type, the market can be bifurcated into:
- Stationary
- Motive
Based on output capacity, the market can be divided into:
- 2-6V
- 6-8V
- 12V and others
By distribution channel, the market is segmented into:
- OEM
- Aftersales
By end use, the market can be divided into:
- Automobile
- Inverters
- Energy Sector
- Marine
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Efficiency of Absorbed Glass Mat Batteries Over Lead Batteries is Driving the Market Growth
Favourable characteristics of absorbed glass mat batteries, like longer battery life, vibration resistance, start-stop applications, high electrical loads, quick recharges, and long lifecycles are driving the global market growth of absorbed glass mat battery. The market is expected to register significant growth owing to the demand for efficient batteries. Stringent CO2 emission norms by governments across the globe are providing further impetus to the market growth. In addition, absorbed glass mat batteries find applications in high-end and advanced fuel-efficient vehicles with large power demands. This, in turn, is expected to bolster the market growth.
Key Industry Players in the Global Absorbed Glass Mat Battery Market
The report gives a detailed analysis of the following key players in the global absorbed glass mat battery market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Robert Bosch GmbH
- Trojan Battery Company
- Panasonic Corporation
- Defender Industries
- Power Sonic Corporation
- Exide Technologies
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on Porter's five forces model, along with giving a SWOT analysis.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Absorbed Glass Mat Battery Market Analysis
8.1 Key Industry Highlights
8.2 Global Absorbed Glass Mat Battery Historical Market (2016-2020)
8.3 Global Absorbed Glass Mat Battery Market Forecast (2021-2026)
8.4 Global Absorbed Glass Mat Battery Market by Type
8.4.1 Stationary
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2016-2020)
8.4.1.3 Forecast Trend (2021-2026)
8.4.2 Motive
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2016-2020)
8.4.2.3 Forecast Trend (2021-2026)
8.5 Global Absorbed Glass Mat Battery Market by Output Capacity
8.5.1 2-6V
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2016-2020)
8.5.1.3 Forecast Trend (2021-2026)
8.5.2 6-8V
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2016-2020)
8.5.2.3 Forecast Trend (2021-2026)
8.5.3 12V and Others
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2016-2020)
8.5.3.3 Forecast Trend (2021-2026)
8.6 Global Absorbed Glass Mat Battery Market by Distribution channel
8.6.1 OEM
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2016-2020)
8.6.1.3 Forecast Trend (2021-2026)
8.6.2 Aftersales
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2016-2020)
8.6.2.3 Forecast Trend (2021-2026)
8.7 Global Absorbed Glass Mat Battery Market by End Use
8.7.1 Automobile
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2016-2020)
8.7.1.3 Forecast Trend (2021-2026)
8.7.2 Inverters
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2016-2020)
8.7.2.3 Forecast Trend (2021-2026)
8.7.3 Energy Sector
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2016-2020)
8.7.3.3 Forecast Trend (2021-2026)
8.7.4 Marine
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2016-2020)
8.7.4.3 Forecast Trend (2021-2026)
8.7.5 Others
8.8 Global Absorbed Glass Mat Battery Market by Region
8.8.1 Market Share
8.8.1.1 North America
8.8.1.2 Europe
8.8.1.3 Asia Pacific
8.8.1.4 Latin America
8.8.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2016-2020)
9.5.2 Forecast Trend (2021-2026)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Robert Bosch GmbH
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Trojan Battery Company
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Panasonic Corporation
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Defender Industries
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Power Sonic Corporation
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Exide Technologies
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Others
13 Industry Events and Developments
Additional Customisations Available:
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operations Involved
2 Project Requirements and Cost Analysis
2.1 Land, Location, and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Raw Materials
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investments
List of Figures and Tables
1. Global Absorbed Glass Mat Battery Market: Key Industry Highlights, 2016 and 2026
2. Global Absorbed Glass Mat Battery Historical Market: Breakup by Type (USD Billion), 2016-2020
3. Global Absorbed Glass Mat Battery Market Forecast: Breakup by Type (USD Billion), 2021-2026
4. Global Absorbed Glass Mat Battery Historical Market: Breakup by Output Capacity (USD Billion), 2016-2020
5. Global Absorbed Glass Mat Battery Market Forecast: Breakup by Output Capacity (USD Billion), 2021-2026
6. Global Absorbed Glass Mat Battery Historical Market: Breakup by Distribution Channel (USD Billion), 2016-2020
7. Global Absorbed Glass Mat Battery Market Forecast: Breakup by Distribution Channel (USD Billion), 2021-2026
8. Global Absorbed Glass Mat Battery Historical Market: Breakup by End Use (USD Billion), 2016-2020
9. Global Absorbed Glass Mat Battery Market Forecast: Breakup by End Use (USD Billion), 2021-2026
10. Global Absorbed Glass Mat Battery Historical Market: Breakup by Region (USD Billion), 2016-2020
11. Global Absorbed Glass Mat Battery Market Forecast: Breakup by Region (USD Billion), 2021-2026
12. North America Absorbed Glass Mat Battery Historical Market: Breakup by Country (USD Billion), 2016-2020
13. North America Absorbed Glass Mat Battery Market Forecast: Breakup by Country (USD Billion), 2021-2026
14. Europe Absorbed Glass Mat Battery Historical Market: Breakup by Country (USD Billion), 2016-2020
15. Europe Absorbed Glass Mat Battery Market Forecast: Breakup by Country (USD Billion), 2021-2026
16. Asia Pacific Absorbed Glass Mat Battery Historical Market: Breakup by Country (USD Billion), 2016-2020
17. Asia Pacific Absorbed Glass Mat Battery Market Forecast: Breakup by Country (USD Billion), 2021-2026
18. Latin America Absorbed Glass Mat Battery Historical Market: Breakup by Country (USD Billion), 2016-2020
19. Latin America Absorbed Glass Mat Battery Market Forecast: Breakup by Country (USD Billion), 2021-2026
20. Middle East and Africa Absorbed Glass Mat Battery Historical Market: Breakup by Country (USD Billion), 2016-2020
21. Middle East and Africa Absorbed Glass Mat Battery Market Forecast: Breakup by Country (USD Billion), 2021-2026
22. Global Absorbed Glass Mat Battery Market Structure
Key Questions Answered in the Report
In 2020, the global absorbed glass mat battery market attained a value of nearly USD 11 billion.
The market is projected to grow at a CAGR of 5% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach about USD 15 billion by 2026.
The major drivers of the industry, such as favourable characteristics and stringent regulations regarding carbon emissions, are expected to aid the market growth.
The key market trend guiding the growth of the absorbed glass mat battery industry is a rise in the number of manufacturers.
The major regions in the industry are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The major types of absorbed glass mat battery in the market include stationary and motive.
The market can be divided into 2-6V, 6-8V, 12V, and others on the basis of output capacity.
The major distribution channels in the industry are OEM and aftersales.
The major end use sectors in the industry are automobile, inverters, energy sector, and marine, among others.
The major players in the industry are Robert Bosch GmbH, Trojan Battery Company, Panasonic Corporation, Defender Industries, Power Sonic Corporation, and Exide Technologies, among others.
Analyst Review
The global absorbed glass mat battery market attained a value of USD 11 billion in 2020, driven by the favourable characteristics of absorbed glass mat batteries. Aided by stringent regulations and technological advancements, the market is expected to witness further growth in the forecast period of 2021-2026, growing at a CAGR of 5% to reach a value of USD 15 billion by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By type, the market can be bifurcated into stationary and motive. Based on output capacity, the market is divided into 2-6V, 6-8V, 12V, and others. By distribution channels, the industry can be divided into OEM and aftersales. Based on end use, the industry is majorly segmented into automobile, inverters, energy sector, and marine, among others. The major regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Robert Bosch GmbH, Trojan Battery Company, Panasonic Corporation, Defender Industries, Power Sonic Corporation, and Exide Technologies, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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