Absorbed Glass Mat (AGM) Separator BatteriesMarket: Key Highlights
· Theglobal absorbed glass mat (AGM) separator batteries market wasvalued at ~ US$ 18.0 Bn in 2018, and isanticipated to expand at a CAGR of ~ 5% during the forecastperiod.
· Theglobal absorbed glass mat separator batteries market is driven by the rise inthe demand in the automotive industry, especially electric vehicles.
· AsiaPacific accounts for a prominent share of the global AGM separator batteriesmarket, owing to the strong growth of the automotive industry in the region.
Major Drivers of the Absorbed Glass Mat (AGM)Separator Batteries Market
· AGMseparator batteries offer properties such as large surface area, high strength,and high porosity of absorbing acid. Expansion in the automotive industry isboosting the absorbed glass mat separator batteries market. Increase in theproduction of electric vehicles and rise in the demand for electronicaccessories in conventional vehicles are propelling the demand for AGMseparator batteries.
· Thedemand for power seats and windows, DVD players, remote or voice-activatedstart, anti-theft devices, global positioning systems (GPS), brakes, and valvecontrols has been rising in automotive vehicles at a rapid pace. Thus, theincreasing integration of electric or electronic systems in vehicles is drivingthe demand for absorbed glass mat separator batteries.
· Severalpremium vehicles, such as sedans and SUVs manufactured by Mercedes-Benz,contain absorbed glass mat separator batteries in their engine compartments.AGM separator batteries provide continuous power supply to critical enginecomponents even if the vehicle’s engine has stopped.
· Increasein the number of regulations on the usage of fossil fuels and risinginitiatives to boost the sale of electric vehicles are anticipated to fuel thedemand for AGM separator lead-acid batteries GM lead agram of AGM Separator bdthen check.rations?? Please check and write accordingly.in the nearfuture. For instance, in June 2017, the Clean Energy Ministerial, a globalforum, launched the EV30@30 campaign at its 8th annual CEM meeting, toaccelerate the deployment of electric vehicles across the globe. This campaignaims to increase the sales of electric vehicles by 30% by 2030.
· Thus, thefactors mentioned above are likely to drive the demand for absorbed glass matseparator batteries in the automotive industry.
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Establishment of New Manufacturing Facilities ofLead-acid Batteries Worldwide to Offer Attractive Opportunities
· Automotivecompanies across the globe are focusing on the manufacture of electricvehicles, which use AGM separators in their batteries. Japan-based GS YuasaCorporation, a leading manufacturer of lead-acid batteries for automobiles,plans to expand its manufacturing base of lead-acid batteries in China. Thecompany is expected to produce up to 6 million units oflead-acid batteries by 2021.
· GS YuasaCorporation is establishing new manufacturing facilities in Turkey and China inorder to meet the increase in the global demand for lead-acid batteries.Additionally, the company is estimated to expand its production capacity at itsexisting facilities. According to GS Yuasa Corporation, the motorcycle marketis estimated to expand significantly in the near future. Consequently, thecompany has commenced the establishment of production facilities for lead-acidbatteries for motorcycles in India.
· Thus, theestablishment of production facilities for lead-acid batteries is augmentingthe demand for absorbed glass mat separator batteries.
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Availability of Substitutes & High Cost ofProduction to Hamper Market
· Substitutesof absorbed glass mat separator batteries include lithium-ion batteries,nickel-cadmium-based batteries, flooded batteries, and gel batteries.Characteristics offered by these batteries, such as low cost of production,higher tolerance to extreme weather, and higher shelf-life, are likely tohamper the absorbed glass mat separator batteries market in the near future.
· AGMseparator batteries are susceptible to overcharging, which decreases theirlifecycle. It can also instantly destroy these batteries. Furthermore, theprices of AGM separator batteries are higher than conventional batteries.
· Temperaturesensitivity and its optimal condition of usage at 77°F are other keydisadvantages of absorbed glass mat separator batteries. AGM separatorbatteries are installed away from the engine compartment, owing to their highersensitivity to temperature. Consequently, gel batteries are commonly preferredover AGM separator batteries, as these can be safely installed in any positionand are entirely maintenance-free. These factors are anticipated to hamper theabsorbed glass mat separator batteries market in the near future.
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Asia Pacific a Prominent Absorbed Glass Mat (AGM)Separator Batteries Market
· AsiaPacific dominated the global absorbed glass mat separator batteries market with~ 65% share in 2018. The market in Asia Pacific isanticipated to expand at a CAGR of 4.5% during the forecastperiod. Expansion of the absorbed glass mat separator batteries market in theregion can be ascribed to the increase in population and rise in urbanizationin developing countries in Asia Pacific. This is driving the market forautomotive, especially in China and India. In turn, this is propelling thedemand for absorbed glass mat separator batteries in the region.
· Themarket share of Europe is estimated to increase marginally by 2027,owing to increasing bans on fossil fuel-based vehicles in the region. This hasled to a rise in the production and usage of electric vehicles, thereby fuelingthe AGM separator batteries market in Europe.
· Themarket shares of Latin America and the Middle East & Africa are anticipatedto decline by 2027, due to the lack of funding by governments ofthe countries in these regions.
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Key Players of the Absorbed Glass Mat (AGM)Separator Batteries Market
· Theabsorbed glass mat separator batteries market is dominated by a few large andmedium players operating across the globe. The top four players – Nippon SheetGlass Co., Ltd., Hollingsworth & Vose, Hokuetsu Corporation, and ShanDongRenfeng Special Materials Co. Ltd. – cumulatively accounted for ~ 14% shareof the global absorbed glass mat separator batteries market in 2018.
· NipponSheet Glass Co., Ltd. held ~ 7% share of the global AGMseparator batteries market in 2018. The company is a leadingmanufacturer of absorbed glass mat separators under its technical glassdivision. Its separators are highly porous, and can therefore absorb moreacid. The company has production bases in 28 countries and sales in around130 countries across the globe.
Other key players operating in the absorbed glass mat separatorbatteries market include FengxinIndustrial Co. Ltd, NINGBO BAIHENG SCIENCE&TECHNOLOGY CO., LTD., B&FTechnology Limited, China Yangzhou Guotai Fiberglass Co., Ltd, Changzhou UtekComposite Co., Ltd., HangZhou Longwin Industry Limited, and Dongguan PengchengSeparator Co., Ltd.
