ABSORBENT GLASS MAT BATTERY MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Absorbent Glass Mat Battery Market, By Type (Stationary, Motive, Others), By Application (Telecom, UPS, Utility, Emergency Lighting, Security Systems, Cable Television/Broadcasting, Others), By Plate Design (Flat Plate, Tubular Plate, Others), By Sales Channel (OEM, Aftermarket), By Battery Size (L (Less than 100Ah), M (100 to 124Ah), H (More than 125Ah)), By End User Industry (Telecom, Railways, Infrastructure, Power, Datacenters, Others), By geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Jan 2024
Code : CMI6337
Pages :140
Formats :
Excel and PDF
Industry : Energy

Regional Analysis

Absorbent Glass Mat Battery Market Regional Insights

North America is expected to be the second-largest market for absorbent glass mat battery during the forecast period, accounting for over 22.4% of the market share in 2023. The growth of the market in North America is attributed to the high adoption of AGM batteries in UPS systems, telecom infrastructure, emergency lighting, and renewable energy storage.

The Asia Pacific market is expected to be the largest market for absorbent glass mat battery, accounting for over 44.5% of the market share in 2023. The growth of the market in is attributed to rapid industrialization and urbanization in emerging economies like China, India, and Southeast Asia.

The Europe market is expected to be the fastest-growing market for absorbent glass mat battery, with a CAGR of over 16.5% during the forecast period. The growth of the market in Europe is attributed to government initiatives to expand renewable energy capacity and electric vehicle adoption in the region.

ABSORBENT GLASS MAT BATTERY MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Regional Analysis

Absorbent Glass Mat Battery Market Report Snapshots

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