Absorbent Glass Mat (AGM) Batteries On The Rise!

The batteries manufacturing market includes companies manufacturing storage and primary batteries. A battery is a device consisting of one or more electrochemical cells that produce electric current. Each cell produces electric current from the chemical reaction between the electrolyte and the terminals.

The top five companies covered are Panasonic Corporation, Johnson Controls Inc., GS Yuasa Corporation, East Penn Manufacturing Co., Inc. and EnerSys Ltd. Panasonic was the largest competitor in the batteries manufacturing market in 2017.

The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.

The global batteries manufacturing market, a major segment of the electrical equipment industry, grew at a compound annual growth rate (CAGR) of around 5% during the historic period. The growth is mainly due to rapid expansion in end user industries such automotive and electronics and growing consumer preferences for pollution free and hybrid vehicles.

In the forecast period, the global batteries manufacturing market size is expected to be over $200 billion by 2021, growing at a CAGR of nearly 7.3%. The growth is mainly attributed to several factors which include growing disposable income, technological advancements and increasing investments in automotive industry in emerging economies such as India, China and Brazil.

With increasing global warming and consequent rise in government regulations, the demand for clean energy is increasing. Clean energy refers to energy generated from natural sources such as sunlight, wind and others. Renewable energy systems process energy from natural sources into usable forms and store in batteries for use at a later point of time. The batteries used in renewable energy systems include lead acid batteries, lithium-ion batteries and others. Lithium-ion batteries are the most common type of batteries used in electric vehicles.

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Find TBRC’s report on the batteries manufacturing market:

https://www.thebusinessresearchcompany.com/report/batteries-manufacturing-global-market-report-2018

With the rising awareness on eco-friendly technologies and increasing environmental regulations, the demand for AGM batteries is increasing. AGM batteries is a class of lead acid deep cycle battery, wherein electrolyte is absorbed into a fiberglass mat. These batteries can handle high temperatures and self-discharge more quickly. They also further provide consistent power output and extended battery life. AGM batteries contain a glass mat separator that enables a consistent power output and extended battery life. The batteries are used in start-stop vehicles that shut off engine when the car is stationary and restarts it when driver’s foot is taken off the pedal, thereby saving fuel.

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