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.



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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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