Global Absorbent Glass Mat (AGM) Battery Market Size To Worth USD 17.47 Billion By 2033 | CAGR of 5.61%
Category: Energy & PowerGlobal Absorbent Glass Mat (AGM) Battery Market Size To Worth USD 17.47 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Absorbent Glass Mat (AGM) Battery Market Size is Expected to Grow from USD 10.12 Billion in 2023 to USD 17.47 Billion by 2033, at a CAGR of 5.61% during the Forecast Period 2023-2033.
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Browse key industry insights spread across 250 pages with 130 Market data tables and figures & charts from the report on the " Global Absorbent Glass Mat (AGM) Battery Market Size, Share, and COVID-19 Impact Analysis, By Type (Motive and Stationary), By Application (Industrial, Energy Storage, UPS, Automotive, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023-2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/absorbent-glass-mat-battery-market
The absorbent glass mat (AGM) battery market focuses on lead-acid batteries absorbed into fiberglass mats, making them efficient, spill-proof, and suitable for various applications. These batteries have low internal resistance, strong current supply, and extended service life, making them ideal for industrial energy storage, automobiles, UPSs, and renewable energy systems. AGM batteries are lighter, require less maintenance, and have superior electrical reliability. They are also lightweight, portable, and less susceptible to sulfation. The market's expansion is driven by growing investment in renewable energy, easy recycling, and increased demand for energy storage solutions. The market for UPSs is driven by the need for data centers, while AGM batteries can also be used in solar or energy backup systems. The development of battery storage systems is supported by efforts to lower greenhouse gas emissions, with small, off-grid solar systems benefiting from AGM batteries. However, limited applications may impede the market growth.
The stationary segment held the largest share in 2023 and is predicted to grow at a significant CAGR during the predicted period.
Based on the type, the global absorbent glass mat (AGM) battery market is categorized as motive and stationary. Among these, the stationary segment held the largest share in 2023 and is predicted to grow at a significant CAGR during the predicted period. High-performance batteries, made from advanced lead-tin alloys and carbon additives, are used in applications like UPS, renewable energy storage, telecommunications, and backup power systems, offering minimal maintenance and spill-proof designs, making them preferred in industries requiring a consistent power supply.
The UPS segment accounted for the highest market share in 2023 and is expected to grow at a significant CAGR throughout the projected timeframe.
Based on the application, the global absorbent glass mat (AGM) battery market is categorized as industrial, energy storage, UPS, automotive, and others. Among these, the UPS segment accounted for the highest market share in 2023 and is expected to grow at a significant CAGR throughout the projected timeframe. This is driven by the adoption of reliable, maintenance-free batteries is increasing due to the growing demand for backup power solutions in critical environments like data centers, hospitals, and industrial facilities, driven by advancements in AGM technology.
Asia Pacific is expected to hold the greatest share of the global Absorbent Glass Mat (AGM) Battery market over the forecast period.
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Asia Pacific is expected to hold the greatest share of the global Absorbent Glass Mat (AGM) Battery market over the forecast period. The Asia Pacific absorbent glass mat (AGM) battery market is gaining momentum due to rapid industrialization, renewable energy use, and the growing demand for reliable energy storage solutions. The automotive industry is also experiencing growth, with electric and hybrid vehicles driving demand. Government programs and renewable energy support also fuel the growing need for AGM batteries in uninterruptible power supply systems.
North America is predicted to grow at the fastest CAGR throughout the estimated period. The North American market for absorbent glass mat (AGM) batteries is influenced by renewable energy integration, automotive industry expansion, telecommunications, data centers, government initiatives, and technological advancements. The demand for AGM batteries as energy storage devices is driven by solar and wind power, hybrid and electric cars, and start-stop systems. Technological developments in lead-tin alloys and carbon additives further improve the performance of AGM batteries.
Major key players in the global absorbent glass mat (AGM) battery market are Power Sonic Corporation, Enersys, Universal Power Group, Exide Technologies, C&D Technologies, Concorde Battery Corporation, Fullriver Battery, Fiamm Energy Technology, East Penn Manufacturing Company, Yuasa Group, Clarios, and others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In December 2024, Amara Raja Energy & Mobility partnered with Hyundai Motor India to supply Made-in-India Absorbent Glass Mat (AGM) lead acid batteries, a significant localization of advanced battery technology. These batteries, which outperform conventional CMF batteries by 150% in durability tests, integrated into Hyundai's domestic product lineup by Q4FY25.
Market Segment
This study forecasts revenue at the global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global absorbent glass mat (AGM) battery market based on the below-mentioned segments:
Global Absorbent Glass Mat (AGM) Battery Market, By Type
- Motive
- Stationary
Global Absorbent Glass Mat (AGM) Battery Market, By Application
- Industrial
- Energy Storage
- UPS
- Automotive
- Others
Global Absorbent Glass Mat (AGM) Battery Market, By Region
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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