Posted 4/9/2024, 11:00:00 PM
AGM Battery Market to Reach $20.5 Billion by 2033, Driven by Renewables and Recycling Demand
- AGM battery market projected to reach $20.5 billion by 2033, growing at a CAGR of 5.9%
- Growth driven by increased investment in renewable energy and recycling potential
- Asia Pacific is the largest market with 38.7% revenue share in 2023
- Stationary batteries segment dominated with $6.84 billion revenue in 2023
- Major players include GS Yuasa, FIAMM Energy, NINGBO BAIHENG, B&F Technology, Hokuetsu Corp