Product Code: ETC4466905 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India absorbent glass mat (AGM) battery market import shipments demonstrated strong growth with a CAGR of 16.8% from 2020 to 2024. The growth momentum continued with a 15.9% increase between 2023 and 2024, indicating a sustained expansion trend in the market.
AGM batteries are commonly used in automotive applications and uninterruptible power supplies. In India, the market for AGM batteries is driven by the automotive industry`s need for reliable and maintenance-free energy storage solutions. These batteries offer advantages in terms of safety and performance, making them a preferred choice for a variety of applications.
AGM batteries are widely used in automotive and industrial applications. The market is influenced by the automotive industry`s growth, the need for reliable backup power solutions, and the demand for maintenance-free batteries. Additionally, increasing awareness of environmental benefits drives the market for AGM batteries.
Challenges in the AGM battery market in India include the need for technological advancements to enhance battery performance, especially in terms of energy density and cycle life. Ensuring the affordability and sustainability of AGM batteries is essential. Regulatory compliance and safety considerations are important, particularly in automotive and industrial applications.
AGM battery market, primarily used in automotive applications, was affected by the pandemic as automotive production slowed. However, as the automotive industry recovers, so will the AGM battery market.
Notable players in the India AGM Battery Market include Exide, Amara Raja, Luminous, and Su-Kam.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Absorbent Glass Mat (AGM) Battery Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Absorbent Glass Mat (AGM) Battery Market Revenues & Volume, 2021 & 2031F |
3.3 India Absorbent Glass Mat (AGM) Battery Market - Industry Life Cycle |
3.4 India Absorbent Glass Mat (AGM) Battery Market - Porter's Five Forces |
3.5 India Absorbent Glass Mat (AGM) Battery Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Absorbent Glass Mat (AGM) Battery Market Revenues & Volume Share, By Voltage, 2021 & 2031F |
3.7 India Absorbent Glass Mat (AGM) Battery Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 India Absorbent Glass Mat (AGM) Battery Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for reliable energy storage solutions in various industries |
4.2.2 Increasing focus on renewable energy sources driving the adoption of AGM batteries |
4.2.3 Technological advancements leading to improved performance and efficiency of AGM batteries |
4.3 Market Restraints |
4.3.1 High initial cost of AGM batteries compared to traditional lead-acid batteries |
4.3.2 Limited recycling options for AGM batteries leading to environmental concerns |
5 India Absorbent Glass Mat (AGM) Battery Market Trends |
6 India Absorbent Glass Mat (AGM) Battery Market, By Types |
6.1 India Absorbent Glass Mat (AGM) Battery Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Absorbent Glass Mat (AGM) Battery Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Absorbent Glass Mat (AGM) Battery Market Revenues & Volume, By Stationary, 2021-2031F |
6.1.4 India Absorbent Glass Mat (AGM) Battery Market Revenues & Volume, By Motive, 2021-2031F |
6.2 India Absorbent Glass Mat (AGM) Battery Market, By Voltage |
6.2.1 Overview and Analysis |
6.2.2 India Absorbent Glass Mat (AGM) Battery Market Revenues & Volume, By 2??4 Volts, 2021-2031F |
6.2.3 India Absorbent Glass Mat (AGM) Battery Market Revenues & Volume, By 6??8 Volts, 2021-2031F |
6.2.4 India Absorbent Glass Mat (AGM) Battery Market Revenues & Volume, By 12 Volts & above, 2021-2031F |
6.3 India Absorbent Glass Mat (AGM) Battery Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 India Absorbent Glass Mat (AGM) Battery Market Revenues & Volume, By OEM, 2021-2031F |
6.3.3 India Absorbent Glass Mat (AGM) Battery Market Revenues & Volume, By Aftermarket, 2021-2031F |
6.3.4 India Absorbent Glass Mat (AGM) Battery Market Revenues & Volume, By Application, 2021-2031F |
6.3.5 India Absorbent Glass Mat (AGM) Battery Market Revenues & Volume, By Automotive, 2021-2031F |
6.3.6 India Absorbent Glass Mat (AGM) Battery Market Revenues & Volume, By UPS, 2021-2031F |
6.3.7 India Absorbent Glass Mat (AGM) Battery Market Revenues & Volume, By Industrial, 2021-2031F |
6.3.8 India Absorbent Glass Mat (AGM) Battery Market Revenues & Volume, By Others , 2021-2031F |
6.3.9 India Absorbent Glass Mat (AGM) Battery Market Revenues & Volume, By Others , 2021-2031F |
7 India Absorbent Glass Mat (AGM) Battery Market Import-Export Trade Statistics |
7.1 India Absorbent Glass Mat (AGM) Battery Market Export to Major Countries |
7.2 India Absorbent Glass Mat (AGM) Battery Market Imports from Major Countries |
8 India Absorbent Glass Mat (AGM) Battery Market Key Performance Indicators |
8.1 Average cycle life of AGM batteries |
8.2 Energy density of AGM batteries |
8.3 Rate of adoption of AGM batteries in different industries |
9 India Absorbent Glass Mat (AGM) Battery Market - Opportunity Assessment |
9.1 India Absorbent Glass Mat (AGM) Battery Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Absorbent Glass Mat (AGM) Battery Market Opportunity Assessment, By Voltage, 2021 & 2031F |
9.3 India Absorbent Glass Mat (AGM) Battery Market Opportunity Assessment, By End User, 2021 & 2031F |
10 India Absorbent Glass Mat (AGM) Battery Market - Competitive Landscape |
10.1 India Absorbent Glass Mat (AGM) Battery Market Revenue Share, By Companies, 2024 |
10.2 India Absorbent Glass Mat (AGM) Battery Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |