The Absorbent Glass Mat (AGM) Battery Market is expected to register a CAGR of 5.6% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Voltage (2–4 Volts, 6–8 Volts, 12 Volts & Above), End User (OEM, Aftermarket), Application (Automotive, Energy Storage, Industrial, Others). The global analysis is further broken-down at regional level and major countries. The report offers the value in USD for the above analysis and segments
Purpose of the ReportThe report Absorbent Glass Mat (AGM) Battery Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Absorbent Glass Mat (AGM) Battery Market Segmentation
Voltage- 2–4 Volts
- 6–8 Volts
- 12 Volts & Above
- OEM
- Aftermarket
- Automotive
- Energy Storage
- Industrial
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South and Central America
Strategic Insights
Absorbent Glass Mat (AGM) Battery Market Growth Drivers- Rising Demand for Electric Vehicles (EVs): As the adoption of electric vehicles grows, so does the demand for AGM batteries. These batteries offer advantages such as superior deep cycling capabilities, high energy output, and robustness in harsh conditions. AGM technology is especially valuable in hybrid vehicles and electric cars, where efficient energy storage is critical for extended performance and reliability. The expansion of the EV market will therefore continue to drive the growth of the AGM battery segment.
- Need for Reliable Backup Power: AGM batteries are in high demand in applications where uninterrupted power supply is essential, such as in telecommunications, data centers, and critical infrastructure. Their ability to deliver stable power during power outages and maintain longevity with minimal maintenance has made them the preferred choice in backup power solutions. As the need for constant connectivity and power reliability grows, AGM batteries are becoming indispensable in these industries.
- Technological Advancements in Battery Efficiency: The AGM battery market is seeing continuous improvements in battery performance, including longer life cycles, faster charging capabilities, and better energy storage efficiency. Innovations in electrolyte compositions, materials, and internal construction are enhancing the efficiency and sustainability of AGM batteries. This trend is particularly relevant for industries requiring higher energy capacity and longer-lasting power sources, such as the automotive and renewable energy sectors.
- Growth of Renewable Energy Storage Applications: As the world shifts toward renewable energy sources like solar and wind, the need for effective energy storage solutions is rising. AGM batteries are being increasingly used in renewable energy systems for storing excess power generated during peak times. Their durability, efficiency, and low maintenance are making them an ideal choice for residential, commercial, and industrial energy storage applications. This trend is expected to accelerate as governments and organizations prioritize clean energy initiatives.
- Expanding Automotive Market: As electric and hybrid vehicles become more popular, there is a significant opportunity for AGM batteries to expand in the automotive market. AGM batteries are ideal for use in these vehicles due to their long-lasting power and ability to handle the high demands of modern electric drive systems. Manufacturers are increasingly incorporating AGM technology into vehicle designs, providing a substantial growth opportunity for this segment.
- Telecommunications and Critical Infrastructure: The telecommunications industry continues to expand rapidly, with the increasing need for reliable backup power in mobile networks, data centers, and telecommunication stations. AGM batteries are well-suited for these applications because they provide a steady, efficient power supply and are maintenance-free. As digital infrastructure grows globally, the demand for AGM batteries in these sectors will likely increase, creating vast market opportunities.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Absorbent Glass Mat (AGM) Battery Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Absorbent Glass Mat (AGM) Battery Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Some of the customization options available based on the request are an additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation# as our team would review the same and check the feasibility
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request
Technological advancements in battery efficiency and growth of renewable energy storage applicationsare likely to remain a key trend in the market.
Rising demand for electric vehicles (EVs) and need for reliable backup power are the major factors driving the absorbent glass mat (AGM) battery market.
Global absorbent glass mat (AGM) battery market is expected to grow at a CAGR of 5.6% during the forecast period 2024 - 2031.
1. INTRODUCTION
1. 1. SCOPE OF THE STUDY
1. 2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1. 3. MARKET SEGMENTATION
1. 3. 1 Absorbent Glass Mat (AGM) Battery Market - By Voltage
1. 3. 2 Absorbent Glass Mat (AGM) Battery Market - By Application
1. 3. 3 Absorbent Glass Mat (AGM) Battery Market - By End User
1. 3. 4 Absorbent Glass Mat (AGM) Battery Market - By Region
1. 3. 4. 1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ABSORBENT GLASS MAT (AGM) BATTERY MARKET LANDSCAPE
4. 1. OVERVIEW
4. 2. PORTER'S FIVE FORCES ANALYSIS
4. 2. 1 Bargaining Power of Buyers
4. 2. 1 Bargaining Power of Suppliers
4. 2. 1 Threat of Substitute
4. 2. 1 Threat of New Entrants
4. 2. 1 Competitive Rivalry
4. 3. ECOSYSTEM ANALYSIS
4. 4. EXPERT OPINIONS
5. ABSORBENT GLASS MAT (AGM) BATTERY MARKET - KEY MARKET DYNAMICS
5. 1. KEY MARKET DRIVERS
5. 2. KEY MARKET RESTRAINTS
5. 3. KEY MARKET OPPORTUNITIES
5. 4. FUTURE TRENDS
5. 5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. ABSORBENT GLASS MAT (AGM) BATTERY MARKET - GLOBAL MARKET ANALYSIS
6. 1. ABSORBENT GLASS MAT (AGM) BATTERY - GLOBAL MARKET OVERVIEW
6. 2. ABSORBENT GLASS MAT (AGM) BATTERY - GLOBAL MARKET AND FORECAST TO 2028
6. 3. MARKET POSITIONING/MARKET SHARE
7. ABSORBENT GLASS MAT (AGM) BATTERY MARKET - REVENUE AND FORECASTS TO 2028 - VOLTAGE
7. 1. OVERVIEW
7. 2. VOLTAGE MARKET FORECASTS AND ANALYSIS
7. 3. 2-4 V
7. 3. 1. Overview
7. 3. 2. 2-4 V Market Forecast and Analysis
7. 4. 6-8 V
7. 4. 1. Overview
7. 4. 2. 6-8 V Market Forecast and Analysis
7. 5. 12 V AND ABOVE
7. 5. 1. Overview
7. 5. 2. 12 V and above Market Forecast and Analysis
8. ABSORBENT GLASS MAT (AGM) BATTERY MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8. 1. OVERVIEW
8. 2. APPLICATION MARKET FORECASTS AND ANALYSIS
8. 3. ENERGY STORAGE
8. 3. 1. Overview
8. 3. 2. Energy Storage Market Forecast and Analysis
8. 4. AUTOMOTIVE
8. 4. 1. Overview
8. 4. 2. Automotive Market Forecast and Analysis
8. 5. INDUSTRIAL
8. 5. 1. Overview
8. 5. 2. Industrial Market Forecast and Analysis
8. 6. UPS
8. 6. 1. Overview
8. 6. 2. UPS Market Forecast and Analysis
8. 7. OTHERS
8. 7. 1. Overview
8. 7. 2. Others Market Forecast and Analysis
9. ABSORBENT GLASS MAT (AGM) BATTERY MARKET - REVENUE AND FORECASTS TO 2028 - END USER
9. 1. OVERVIEW
9. 2. END USER MARKET FORECASTS AND ANALYSIS
9. 3. OEM
9. 3. 1. Overview
9. 3. 2. OEM Market Forecast and Analysis
9. 4. AFTERMARKET
9. 4. 1. Overview
9. 4. 2. Aftermarket Market Forecast and Analysis
10. ABSORBENT GLASS MAT (AGM) BATTERY MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10. 1. NORTH AMERICA
10. 1. 1 North America Absorbent Glass Mat (AGM) Battery Market Overview
10. 1. 2 North America Absorbent Glass Mat (AGM) Battery Market Forecasts and Analysis
10. 1. 3 North America Absorbent Glass Mat (AGM) Battery Market Forecasts and Analysis - By Voltage
10. 1. 4 North America Absorbent Glass Mat (AGM) Battery Market Forecasts and Analysis - By Application
10. 1. 5 North America Absorbent Glass Mat (AGM) Battery Market Forecasts and Analysis - By End User
10. 1. 6 North America Absorbent Glass Mat (AGM) Battery Market Forecasts and Analysis - By Countries
10. 1. 6. 1 United States Absorbent Glass Mat (AGM) Battery Market
10. 1. 6. 1. 1 United States Absorbent Glass Mat (AGM) Battery Market by Voltage
10. 1. 6. 1. 2 United States Absorbent Glass Mat (AGM) Battery Market by Application
10. 1. 6. 1. 3 United States Absorbent Glass Mat (AGM) Battery Market by End User
10. 1. 6. 2 Canada Absorbent Glass Mat (AGM) Battery Market
10. 1. 6. 2. 1 Canada Absorbent Glass Mat (AGM) Battery Market by Voltage
10. 1. 6. 2. 2 Canada Absorbent Glass Mat (AGM) Battery Market by Application
10. 1. 6. 2. 3 Canada Absorbent Glass Mat (AGM) Battery Market by End User
10. 1. 6. 3 Mexico Absorbent Glass Mat (AGM) Battery Market
10. 1. 6. 3. 1 Mexico Absorbent Glass Mat (AGM) Battery Market by Voltage
10. 1. 6. 3. 2 Mexico Absorbent Glass Mat (AGM) Battery Market by Application
10. 1. 6. 3. 3 Mexico Absorbent Glass Mat (AGM) Battery Market by End User
10. 2. EUROPE
10. 2. 1 Europe Absorbent Glass Mat (AGM) Battery Market Overview
10. 2. 2 Europe Absorbent Glass Mat (AGM) Battery Market Forecasts and Analysis
10. 2. 3 Europe Absorbent Glass Mat (AGM) Battery Market Forecasts and Analysis - By Voltage
10. 2. 4 Europe Absorbent Glass Mat (AGM) Battery Market Forecasts and Analysis - By Application
10. 2. 5 Europe Absorbent Glass Mat (AGM) Battery Market Forecasts and Analysis - By End User
10. 2. 6 Europe Absorbent Glass Mat (AGM) Battery Market Forecasts and Analysis - By Countries
10. 2. 6. 1 Germany Absorbent Glass Mat (AGM) Battery Market
10. 2. 6. 1. 1 Germany Absorbent Glass Mat (AGM) Battery Market by Voltage
10. 2. 6. 1. 2 Germany Absorbent Glass Mat (AGM) Battery Market by Application
10. 2. 6. 1. 3 Germany Absorbent Glass Mat (AGM) Battery Market by End User
10. 2. 6. 2 France Absorbent Glass Mat (AGM) Battery Market
10. 2. 6. 2. 1 France Absorbent Glass Mat (AGM) Battery Market by Voltage
10. 2. 6. 2. 2 France Absorbent Glass Mat (AGM) Battery Market by Application
10. 2. 6. 2. 3 France Absorbent Glass Mat (AGM) Battery Market by End User
10. 2. 6. 3 Italy Absorbent Glass Mat (AGM) Battery Market
10. 2. 6. 3. 1 Italy Absorbent Glass Mat (AGM) Battery Market by Voltage
10. 2. 6. 3. 2 Italy Absorbent Glass Mat (AGM) Battery Market by Application
10. 2. 6. 3. 3 Italy Absorbent Glass Mat (AGM) Battery Market by End User
10. 2. 6. 4 United Kingdom Absorbent Glass Mat (AGM) Battery Market
10. 2. 6. 4. 1 United Kingdom Absorbent Glass Mat (AGM) Battery Market by Voltage
10. 2. 6. 4. 2 United Kingdom Absorbent Glass Mat (AGM) Battery Market by Application
10. 2. 6. 4. 3 United Kingdom Absorbent Glass Mat (AGM) Battery Market by End User
10. 2. 6. 5 Russia Absorbent Glass Mat (AGM) Battery Market
10. 2. 6. 5. 1 Russia Absorbent Glass Mat (AGM) Battery Market by Voltage
10. 2. 6. 5. 2 Russia Absorbent Glass Mat (AGM) Battery Market by Application
10. 2. 6. 5. 3 Russia Absorbent Glass Mat (AGM) Battery Market by End User
10. 2. 6. 6 Rest of Europe Absorbent Glass Mat (AGM) Battery Market
10. 2. 6. 6. 1 Rest of Europe Absorbent Glass Mat (AGM) Battery Market by Voltage
10. 2. 6. 6. 2 Rest of Europe Absorbent Glass Mat (AGM) Battery Market by Application
10. 2. 6. 6. 3 Rest of Europe Absorbent Glass Mat (AGM) Battery Market by End User
10. 3. ASIA-PACIFIC
10. 3. 1 Asia-Pacific Absorbent Glass Mat (AGM) Battery Market Overview
10. 3. 2 Asia-Pacific Absorbent Glass Mat (AGM) Battery Market Forecasts and Analysis
10. 3. 3 Asia-Pacific Absorbent Glass Mat (AGM) Battery Market Forecasts and Analysis - By Voltage
10. 3. 4 Asia-Pacific Absorbent Glass Mat (AGM) Battery Market Forecasts and Analysis - By Application
10. 3. 5 Asia-Pacific Absorbent Glass Mat (AGM) Battery Market Forecasts and Analysis - By End User
10. 3. 6 Asia-Pacific Absorbent Glass Mat (AGM) Battery Market Forecasts and Analysis - By Countries
10. 3. 6. 1 Australia Absorbent Glass Mat (AGM) Battery Market
10. 3. 6. 1. 1 Australia Absorbent Glass Mat (AGM) Battery Market by Voltage
10. 3. 6. 1. 2 Australia Absorbent Glass Mat (AGM) Battery Market by Application
10. 3. 6. 1. 3 Australia Absorbent Glass Mat (AGM) Battery Market by End User
10. 3. 6. 2 China Absorbent Glass Mat (AGM) Battery Market
10. 3. 6. 2. 1 China Absorbent Glass Mat (AGM) Battery Market by Voltage
10. 3. 6. 2. 2 China Absorbent Glass Mat (AGM) Battery Market by Application
10. 3. 6. 2. 3 China Absorbent Glass Mat (AGM) Battery Market by End User
10. 3. 6. 3 India Absorbent Glass Mat (AGM) Battery Market
10. 3. 6. 3. 1 India Absorbent Glass Mat (AGM) Battery Market by Voltage
10. 3. 6. 3. 2 India Absorbent Glass Mat (AGM) Battery Market by Application
10. 3. 6. 3. 3 India Absorbent Glass Mat (AGM) Battery Market by End User
10. 3. 6. 4 Japan Absorbent Glass Mat (AGM) Battery Market
10. 3. 6. 4. 1 Japan Absorbent Glass Mat (AGM) Battery Market by Voltage
10. 3. 6. 4. 2 Japan Absorbent Glass Mat (AGM) Battery Market by Application
10. 3. 6. 4. 3 Japan Absorbent Glass Mat (AGM) Battery Market by End User
10. 3. 6. 5 South Korea Absorbent Glass Mat (AGM) Battery Market
10. 3. 6. 5. 1 South Korea Absorbent Glass Mat (AGM) Battery Market by Voltage
10. 3. 6. 5. 2 South Korea Absorbent Glass Mat (AGM) Battery Market by Application
10. 3. 6. 5. 3 South Korea Absorbent Glass Mat (AGM) Battery Market by End User
10. 3. 6. 6 Rest of Asia-Pacific Absorbent Glass Mat (AGM) Battery Market
10. 3. 6. 6. 1 Rest of Asia-Pacific Absorbent Glass Mat (AGM) Battery Market by Voltage
10. 3. 6. 6. 2 Rest of Asia-Pacific Absorbent Glass Mat (AGM) Battery Market by Application
10. 3. 6. 6. 3 Rest of Asia-Pacific Absorbent Glass Mat (AGM) Battery Market by End User
10. 4. MIDDLE EAST AND AFRICA
10. 4. 1 Middle East and Africa Absorbent Glass Mat (AGM) Battery Market Overview
10. 4. 2 Middle East and Africa Absorbent Glass Mat (AGM) Battery Market Forecasts and Analysis
10. 4. 3 Middle East and Africa Absorbent Glass Mat (AGM) Battery Market Forecasts and Analysis - By Voltage
10. 4. 4 Middle East and Africa Absorbent Glass Mat (AGM) Battery Market Forecasts and Analysis - By Application
10. 4. 5 Middle East and Africa Absorbent Glass Mat (AGM) Battery Market Forecasts and Analysis - By End User
10. 4. 6 Middle East and Africa Absorbent Glass Mat (AGM) Battery Market Forecasts and Analysis - By Countries
10. 4. 6. 1 South Africa Absorbent Glass Mat (AGM) Battery Market
10. 4. 6. 1. 1 South Africa Absorbent Glass Mat (AGM) Battery Market by Voltage
10. 4. 6. 1. 2 South Africa Absorbent Glass Mat (AGM) Battery Market by Application
10. 4. 6. 1. 3 South Africa Absorbent Glass Mat (AGM) Battery Market by End User
10. 4. 6. 2 Saudi Arabia Absorbent Glass Mat (AGM) Battery Market
10. 4. 6. 2. 1 Saudi Arabia Absorbent Glass Mat (AGM) Battery Market by Voltage
10. 4. 6. 2. 2 Saudi Arabia Absorbent Glass Mat (AGM) Battery Market by Application
10. 4. 6. 2. 3 Saudi Arabia Absorbent Glass Mat (AGM) Battery Market by End User
10. 4. 6. 3 U. A. E Absorbent Glass Mat (AGM) Battery Market
10. 4. 6. 3. 1 U. A. E Absorbent Glass Mat (AGM) Battery Market by Voltage
10. 4. 6. 3. 2 U. A. E Absorbent Glass Mat (AGM) Battery Market by Application
10. 4. 6. 3. 3 U. A. E Absorbent Glass Mat (AGM) Battery Market by End User
10. 4. 6. 4 Rest of Middle East and Africa Absorbent Glass Mat (AGM) Battery Market
10. 4. 6. 4. 1 Rest of Middle East and Africa Absorbent Glass Mat (AGM) Battery Market by Voltage
10. 4. 6. 4. 2 Rest of Middle East and Africa Absorbent Glass Mat (AGM) Battery Market by Application
10. 4. 6. 4. 3 Rest of Middle East and Africa Absorbent Glass Mat (AGM) Battery Market by End User
10. 5. SOUTH AND CENTRAL AMERICA
10. 5. 1 South and Central America Absorbent Glass Mat (AGM) Battery Market Overview
10. 5. 2 South and Central America Absorbent Glass Mat (AGM) Battery Market Forecasts and Analysis
10. 5. 3 South and Central America Absorbent Glass Mat (AGM) Battery Market Forecasts and Analysis - By Voltage
10. 5. 4 South and Central America Absorbent Glass Mat (AGM) Battery Market Forecasts and Analysis - By Application
10. 5. 5 South and Central America Absorbent Glass Mat (AGM) Battery Market Forecasts and Analysis - By End User
10. 5. 6 South and Central America Absorbent Glass Mat (AGM) Battery Market Forecasts and Analysis - By Countries
10. 5. 6. 1 Brazil Absorbent Glass Mat (AGM) Battery Market
10. 5. 6. 1. 1 Brazil Absorbent Glass Mat (AGM) Battery Market by Voltage
10. 5. 6. 1. 2 Brazil Absorbent Glass Mat (AGM) Battery Market by Application
10. 5. 6. 1. 3 Brazil Absorbent Glass Mat (AGM) Battery Market by End User
10. 5. 6. 2 Argentina Absorbent Glass Mat (AGM) Battery Market
10. 5. 6. 2. 1 Argentina Absorbent Glass Mat (AGM) Battery Market by Voltage
10. 5. 6. 2. 2 Argentina Absorbent Glass Mat (AGM) Battery Market by Application
10. 5. 6. 2. 3 Argentina Absorbent Glass Mat (AGM) Battery Market by End User
10. 5. 6. 3 Rest of South and Central America Absorbent Glass Mat (AGM) Battery Market
10. 5. 6. 3. 1 Rest of South and Central America Absorbent Glass Mat (AGM) Battery Market by Voltage
10. 5. 6. 3. 2 Rest of South and Central America Absorbent Glass Mat (AGM) Battery Market by Application
10. 5. 6. 3. 3 Rest of South and Central America Absorbent Glass Mat (AGM) Battery Market by End User
11. INDUSTRY LANDSCAPE
11. 1. MERGERS AND ACQUISITIONS
11. 2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11. 3. NEW PRODUCT LAUNCHES
11. 4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. ABSORBENT GLASS MAT (AGM) BATTERY MARKET, KEY COMPANY PROFILES
12. 1. CANDD TECHNOLOGIES, INC.
12. 1. 1. Key Facts
12. 1. 2. Business Description
12. 1. 3. Products and Services
12. 1. 4. Financial Overview
12. 1. 5. SWOT Analysis
12. 1. 6. Key Developments
12. 2. B. B. BATTERY
12. 2. 1. Key Facts
12. 2. 2. Business Description
12. 2. 3. Products and Services
12. 2. 4. Financial Overview
12. 2. 5. SWOT Analysis
12. 2. 6. Key Developments
12. 3. CLARIOS
12. 3. 1. Key Facts
12. 3. 2. Business Description
12. 3. 3. Products and Services
12. 3. 4. Financial Overview
12. 3. 5. SWOT Analysis
12. 3. 6. Key Developments
12. 4. CROWN BATTERY
12. 4. 1. Key Facts
12. 4. 2. Business Description
12. 4. 3. Products and Services
12. 4. 4. Financial Overview
12. 4. 5. SWOT Analysis
12. 4. 6. Key Developments
12. 5. ENERSYS
12. 5. 1. Key Facts
12. 5. 2. Business Description
12. 5. 3. Products and Services
12. 5. 4. Financial Overview
12. 5. 5. SWOT Analysis
12. 5. 6. Key Developments
12. 6. EXIDE TECHNOLOGIES
12. 6. 1. Key Facts
12. 6. 2. Business Description
12. 6. 3. Products and Services
12. 6. 4. Financial Overview
12. 6. 5. SWOT Analysis
12. 6. 6. Key Developments
12. 7. FULLRIVER BATTERY
12. 7. 1. Key Facts
12. 7. 2. Business Description
12. 7. 3. Products and Services
12. 7. 4. Financial Overview
12. 7. 5. SWOT Analysis
12. 7. 6. Key Developments
12. 8. PANASONIC INDUSTRY EUROPE GMBH
12. 8. 1. Key Facts
12. 8. 2. Business Description
12. 8. 3. Products and Services
12. 8. 4. Financial Overview
12. 8. 5. SWOT Analysis
12. 8. 6. Key Developments
12. 9. POWER SONIC CORPORATION
12. 9. 1. Key Facts
12. 9. 2. Business Description
12. 9. 3. Products and Services
12. 9. 4. Financial Overview
12. 9. 5. SWOT Analysis
12. 9. 6. Key Developments
12. 10. UNIVERSAL POWER GROUP
12. 10. 1. Key Facts
12. 10. 2. Business Description
12. 10. 3. Products and Services
12. 10. 4. Financial Overview
12. 10. 5. SWOT Analysis
12. 10. 6. Key Developments
13. APPENDIX
13. 1. ABOUT THE INSIGHT PARTNERS
13. 2. GLOSSARY OF TERMS
- CandD TECHNOLOGIES, INC.
- B.B. Battery
- Clarios
- Crown Battery
- EnerSys
- Exide Technologies
- Fullriver Battery
- Panasonic Industry Europe GmbH
- Power Sonic Corporation
- Universal Power Group
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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