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

Global Absorbent Glass Mat (AGM) Battery Market Insights Forecasts to 2033

• The Global Absorbent Glass Mat (AGM) Battery Market Size was Estimated at USD 10.12 Billion in 2023
• The Market Size is Expected to Grow at a CAGR of around 5.61% from 2023 to 2033
• The Worldwide Absorbent Glass Mat (AGM) Battery Market Size is Expected to reach USD 17.47 Billion by 2033
• North America is Predicted to Grow at the fastest CAGR throughout the projection period

The Global Absorbent Glass Mat (AGM) Battery Market Size is Predicted to Exceed USD 17.47 Billion by 2033, Growing at a CAGR of 5.61% from 2023 to 2033.

Market Overview

Batteries made from lead-acid that are absorbed into fiberglass mats are the primary focus of the absorbent glass mat (AGM) battery market. This renders the batteries efficient, spill-proof, and suitable for industrial energy storage, automobiles, UPSs, and renewable energy systems. This design improves performance in extreme conditions. The market for Absorbent Glass Mat (AGM) batteries is centered on lead-acid batteries that are absorbed into fiberglass mats, which makes them effective, spill-proof, and adaptable to a range of uses. These batteries' low internal resistance, strong current supply, and comparatively extended service life are all intended to improve performance under challenging circumstances. Compared to flooded lead-acid batteries, AGM batteries are lighter, require less maintenance, and have superior electrical reliability. They may be stored for a longer period until needing to be charged, and are less susceptible to sulfation. AGM batteries' spill-proof, portable, vibrant, shock-resistant, and maintenance-free qualities make them appropriate for use in UPSs, automobiles, military aircraft, and heavy-duty vehicles. Growing investment in renewable energy, easy recycling, and increased demand for energy storage solutions are the main factors propelling the market's expansion.

Report Coverage

This research report categorizes the global absorbent glass mat (AGM) battery market based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global absorbent glass mat (AGM) battery market. Recent market developments and competitive strategies such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global absorbent glass mat (AGM) battery market.

Driving Factors:

These facilities are expanding as a result of the growing demand for their resources brought on by trends in cloud computing and virtualization. The building and modernization of data centers is being aided by technologies such as 5G, AI, and machine learning. Traditional data centers are seeing opportunities as a result of advancements in UPS battery systems, such as new AGM batteries with high operating temperatures. The market for uninterrupted portable systems (UPS) will be driven by the need for data centers. AGM batteries, which are typically used in automobiles, can also be used in solar or energy backup systems. Growth is being supported by efforts to lower greenhouse gas emissions, which are propelling the development of battery storage systems. Small, off-grid solar systems benefit greatly from absorbent glass mat batteries.

Restraining Factors

The absorbent glass mat (AGM) battery market faces challenges such as high costs, competition from lithium-ion batteries, supply chain disruptions, and limited applications.

Market Segmentation

The global absorbent glass mat (AGM) battery market share is classified into type and application.

• The stationary segment dominated the global absorbent glass mat (AGM) battery in 2023 and is anticipated to grow at a significant CAGR throughout the forecast period.

Based on the type, the global absorbent glass mat (AGM) battery market is categorized into motive and stationary. Among these, the stationary segment dominated the global absorbent glass mat (AGM) battery in 2023 and is anticipated to grow at a significant CAGR throughout the forecast period. This is attributed to the use in applications like UPS, renewable energy storage, telecommunications, and backup power systems. These high-performance batteries, with advanced lead-tin alloys and carbon additives, are ideal for environments requiring minimal maintenance and spill-proof designs. They are highly preferred in industries requiring a consistent power supply.

• The UPS segment accounted for the largest 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 into industrial, energy storage, UPS, automotive, and others. Among these, the UPS segment accounted for the largest market share in 2023 and is expected to grow at a significant CAGR throughout the projected timeframe. This is attributed to its reliability, maintenance-free design, and ability to deliver consistent power during outages. These batteries are ideal for critical environments like data centers, hospitals, and industrial facilities. The growing demand for reliable backup power solutions and advancements in AGM technology drive their adoption.

Regional Segment Analysis of the Global Absorbent Glass Mat (AGM) Battery Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific is anticipated to hold the largest share of the global absorbent glass mat (AGM) battery market over the predicted timeframe.

Asia Pacific is anticipated to hold the largest share of the global absorbent glass mat (AGM) battery market over the predicted timeframe. Rapid industrialization, the use of renewable energy sources, and the rising need for dependable energy storage solutions are driving the Asia Pacific absorbent glass mat (AGM) battery market. Electric and hybrid vehicles are also driving growth in the automotive industry, and the need for AGM batteries in uninterruptible power supply systems is rising as telecom infrastructure and data centers expand. AGM battery adoption is additionally being fueled by government programs like increased emission standards and support for renewable energy in several industries.

North America is anticipated to grow at the fastest CAGR throughout the projected timeframe. The market for absorbent glass mat (AGM) batteries in North America is driven by several factors, including the integration of renewable energy, the expansion of the automotive industry, telecommunications and data centers, government initiatives to promote clean energy and carbon reduction, and technological advancements. The need for AGM batteries as energy storage devices is being driven by renewable energy sources like solar and wind power. The demand for AGM batteries is also influenced by the expanding use of hybrid and electric cars, as well as start-stop systems. The performance of AGM batteries is further improved by technological developments in lead-tin alloys and carbon additives.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global absorbent glass mat (AGM) battery market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• 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
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• 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