Market Overview

According to a new report by Intellectual Market Insights Research on Global Absorbent Glass Mat (AGM) Battery Market Size is estimated to grow from USD 12.08 Billion in 2024 to USD 18.96 Billion by 2032; it is expected to grow at a CAGR of 5.8%.

The demands of AGM batteries, specifically in sectors such as automotive, industrial, and renewable energy, are increasing the Global Absorbent Glass Mat (AGM) Battery Market growth. AGM batteries marked by efficiency, a lack of need for maintenance, and higher performance compared to other types of batteries, are integrated into UPS, solar power systems, and electric vehicles. Pressing demands for sustainable energy sources, constant advancements in energy storage technology, and state initiatives promoting clean energy are driving market growth. The modern trend of converting cars to go electric and hybrid also helps the demand for AGM batteries in the automotive sector. Furthermore, the use of renewable power sources such as solar and wind energy necessitates proper storage, which drives market growth. On a geographical basis, North America and Europe dominate the market, primarily because of the first adoption and technological development, while at the same time, the Asia-Pacific region is likely to exhibit the best growth as a result of increased industrialization and an increase in the number of cities. However, threats that are associated with AGM batteries are relatively expensive compared to other types of batteries on the market or rising competition from other technologies like lithium-ion batteries among other factors. In summary, the overall Global AGM Battery Market is promising to grow rapidly due to advancements in technology and the shift towards clean and renewable energy all over the world.

Market Dynamics- Market Drivers:

Inherent Advantages of AGM Batteries

• The Global Absorbent Glass Mat (AGM) Battery market is fundamentally boosted by the abilities and benefits of AGM batteries. The first advantage is non-maintenance since they are sealed and no longer need to be filled with water, unlike conventional lead-acid batteries. An AGM battery's load dump voltage is higher than that of flooded batteries, and it provides more power output and cycling capability, making it suitable for deep cycling applications such as electric vehicles and renewable power sources. They increase safety by preventing the accidental spillage of acid and also reducing the emission of hydrogen gas, which may be desired in a closed or sensitive area. Furthermore, with fewer internal losses, AGM batteries offer better C- and discharge rates, for instance, in UPS and automotive applications.

Upsurge in Renewable Energy Investment

• The use of renewable energy sources is on the upward projection, which has consequently resulted in increased investments in the Global Absorbent Glass Mat (AGM) Battery Market. With much emphasis being placed on green energy along with globalization and liberalization of markets, many countries are now leading towards the installation of renewable energy plants like solar and wind. These systems need a proper and suitable mechanism for energy storage since renewable energy is generated intermittently. As far as storage is concerned, AGM batteries are perfect as they have high energy density, deep cycle capability, and are maintenance free. The governments and private sectors are directing more capital into renewable energy due to the available policies, subsidies, and technology. This trend is expected to persist in the future, which will drive the need for more AGM batteries. Also, the desire to store energy in order to provide facilities and reliability in renewable energy networks supports the market's growth. Thus, a higher level of investment in renewable energy systems inevitably leads to a higher level of AGM battery sales in this market sphere.

Market Trends:

Automotive Sector to Boost AGM Battery Demand owing to Low Self-Discharge Rate

• This start-stop vehicle technology is well-suited to AGM batteries because of the small self-discharge current offered by the technology. Start-stop vehicle technology helps turn off the vehicle’s engine automatically. They are also very popular in plug-in hybrid vehicles. These batteries are suitable for luxury and sophisticated smart fuel-efficient automobiles, which require more power. The increasing concern for low emissions and the aid from government such as subsidies and tax credits for long range, zero-emission vehicles, have fuelled the demand for electric vehicles and, in return, boosted the batteries as well.

Market Restraining Factors:

Inclination Toward other Effective Alternatives in the Energy Storage Space

• Among the factors that can hinder the development of the Global Absorbent Glass Mat (AGM) Battery Market, special attention should be paid to the growing trend towards the use of other types of energy storage, namely lithium-ion batteries. There are differences due to the features of Lithium-ion batteries, such as the fact that their energy density is greater than that of AGM batteries, which would serve a longer cycle life and be lower in weight, making them ideal for uses such as electric cars and portable electronics. Also, the improved efficiency of lithium-ion batteries lithium-ion batteries due to their mass production and technological improvements made in production have made them cheaper, which makes the competition stiffer. Furthermore, other innovative solutions, such as solid state batteries and flow batteries, are also showing steady demand because of their better output specifications and, additionally, their safety and endurance prospects. These are the alternatives that are receiving crazy funding and efforts, meaning that if research is conducted deeper, these new technologies may outcompete AGM batteries on new advantages that have not been witnessed. Hence, the new and cheaper solutions put pressure on the market for AGM batteries, which also thins the prospects for AGM’s development in the sphere of energy storage.

Market Opportunities Factors:

Rising adoption of high-performance engine starter batteries in vehicles

• The market has a great opportunity to grow with the increasing demand for glass absorbent mat batteries, especially high-performance engine starter batteries, in the vehicle industry. Iron sulphate free, high-power, long-life, non-maintenance-type batteries such as AGM batteries are widely used in vehicles today. These batteries are especially beneficial for today’s automobiles, which come with newly developed electrical systems and automated start-stop systems that require efficient power supply stations. That is why AGM batteries' deep cycle and high cranking power are ideal for starting high-power engines. Also, an increase in consumer expectations from the auto industry for high-performing and fuel-efficient automobiles is further boosting the market for AGM batteries. This trend is supported by the changes that have been realized in the automotive sector, where electrification and hybridization call for adequate batteries. Today, automotive manufacturers strive to extend the capabilities and driving range of their vehicles while decreasing the concentration of pollutants in emissions, and, in this case, AGM batteries are of interest for many reasons because of their performance advantages and because they are friendlier to the environment. Therefore, the growing application of high-performance engine starter batteries can be seen as a promising growth factor for the AGM Battery Market.

Report Coverage:

The report will cover qualitative and quantitative data on the global Absorbent Glass Mat Battery Market. The qualitative data includes the latest trends, market player analysis, market drivers, market opportunities, and many others. Also, the report's quantitative data includes market size for every region, country, and segment according to your requirements. We can also provide customized reports for every industry vertical.

By Type (stationary, motive), By Voltage (2–4 Volts, 6–8 Volts, 12 Volts and above), By Application (Automotive, Motor Vehicle, Motorcycle, Others), UPS, Industrial, Energy Storage, Others), By End User (OEM, Aftermarket)

Report Scope and Segmentations:

List of Companies Profiled:

• Clarios
• Power Sonic Corporation
• Exide Technologies
• C&D Technologies
• East Penn Manufacturing Company
• Universal Power Group
• Fullriver Battery
• EnerSys

Key Industry Developments:

Clarios, the company that makes one-third of the world's car batteries, laid the first brick in the $16 million construction of its factory in Oconee County, South Carolina, in June 2024. The expansion consequently befits Clarios and helps in raising the production of components required for the advanced technology of absorbent glass mat (AGM) batteries, which are employed in today’s reduced voltage batteries to cater to the requisite power for the additional features of a vehicle, including audio systems and safety devices that require on-call immediate power.

Segmentation Analysis:

The market scope is segmented because of by Type, by Voltage, by Application, by End User.

By Type

Based on the Type of the market is segmented into Stationary, Motive.

The Global Absorbent Glass Mat (AGM) Battery Market is segmented into two primary types: stationary and motive batteries. They are deep-cycle, valued for fixed applications where they supply dependable, long-term power sources in AGM closed construction. UPS, telecommunications systems, and renewable energy applications like wind, solar, and other backup and critical grid-supporting systems use these batteries due to their reliable power delivery systems. On the other hand, motive AGM batteries are designed for mobility; they supply power to vehicles and equipment. They are widely used in automotive applications, especially in electric and hybrid automobiles, because they can produce high current for starting the engine and cyclical duty. Furthermore, motive AGM batteries are used in applications such as forklifts and golf carts. The demand for stationary AGM batteries is a result of the need to harness renewable resources coupled with the need to have reliable backup power of a long term nature. However, the AGM battery segment is on the rise, benefiting from transportation electrification and the need for reliable, low-maintenance pharmaceutical power sources in numerous mobile applications. The two segments are critical to meeting the various energy storage requirements of different industries.

By Voltage

Based on the Voltage of the market is segmented into 2–4 Volts, 6–8 Volts, 12 Volts & above.

The Global Absorbent Glass Mat (AGM) Battery Market is segmented by voltage into four categories: 2–4 Volts, 6–8 Volts, 12 Volts, and above. They all work in a distinct voltage range, making AGM batteries narrower in the power delivery range but wider in the usage range. The 2–4 Volts segment is mainly used in compact niches that include emergency and security lighting, medical equipment, and residual power supply. The 6–8 Volts segment is mainly used in medium-power devices such as lawnmowers, garden tractors, appliances of low-powered vehicles, and moderate-power storage applications. The 12 Volts segment is currently the most commonly used, as it targets various automotive battery applications like the start-stop systems in today’s new car models, large-scale uninterruptible power supplies (UPS), and renewable energy storage systems. Those with a voltage rating higher than 12 VOLTS are usually used in industries, electric vehicles, and many other large-capacity energy storage applications. Segmentation of batteries based on voltage helps manufacturers to satisfy the needs of the customer through different markets effectively and to offer specific solutions that will meet quite different power demands in different industries, which would be conducive to the growth of the AGM battery market.

By Application

Based on the Application of the market is segmented into Automotive, (Motor Vehicle, Motorcycle, Others), UPS, Industrial, Energy Storage, Others.

The Global Absorbent Glass Mat (AGM) Battery Market is segmented by application into several key categories: Automotive, Uninterruptible Power Supplies (UPS), Industrial, Energy Storage, and Others. In specific sub-sectors of the automotive industry, AGM batteries are widely applied in motor vehicles, motorcycles, and other automotive uses for efficiency, shedding MMPA so that it provides a high-performance maintenance-free battery. These batteries help to meet the growing demand for electric and hybrid vehicles, which in turn rapidly increases the market's growth. The UPS segment uses AGM batteries to provide reliable and constant power supply backup for protecting critical loads in data centers, medical facilities, and telecommunications. Thus, in the industrial segment for small equipment and machinery, AGM batteries are used because of their durability and long life. The energy storage segment is benefited by the energy storage and release capacity of AGM batteries, which make them suitable for renewable energy sources like solar or wind power plants. Other applications include marine, aviation, and consumer electronics. Every one of these segments holds a significant position in analyzing the total market demand for AGM batteries, which illustrates their applicability in various areas.

By End User

Based on the End User of the market is segmented into OEM, Aftermarket.

In the Global Absorbent Glass Mat (AGM) Battery Market, the segmentation by end user encompasses two primary categories: OEMs is short for Original Equipment Manufacturers, and these are the companies or firms that incorporate AGM batteries into their products, including vehicles, machinery, and other renewable energy items. This segment is important since it makes sure that AGM batteries are developed and aligned to certain characteristics and qualities needed in the final products. The OEM segment is heavily influenced by the rising need for electric and hybrid cars and by the popularity of renewable energy sources.

On the other hand, the aftermarket segment entails the process of replacing and maintaining AGM batteries in existing products. This market segment will assist consumers and businesses in need of battery replacements for their cars and trucks, UPS equipment, and other purposes. The Aftermarket is supported by the lengthening life cycle of automobiles and equipment, for which batteries need to be replaced frequently. In the same way, an increasing number of consumers recognizing the advantages of AGM batteries, including non-maintenance and boosted reliability, also affects the development of the aftermarket segment. All together, these segments hold significant positions in deciding about the performance of the AGM battery market and fulfilling the different essential requirements of consumers worldwide.

Regional Snapshots

The absorbent glass mat battery market share is geographically categorized into North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. The Asia-Pacific region is slated to hold the dominant market share over 2024–2032. The market in Asia Pacific continues to grow due to the higher demand for energy storage solutions for industrial, automotive, and various. In addition, renewable energy integration, particularly in China and India, is also regarded as one of the aspects escalating the growth. Furthermore, both China and Japan rank among the most significant manufacturers of EVs, which can be seen as a promising factor. The Asia Pacific being a large hub for electronics will also enhance regional prospects.

Stricter regulations concerning the emission of greenhouse gases (GHG) have boosted the European market. France, Germany, Argentina, and other European countries are among those attempting to establish their economies as zero-emission economies by 2050. This has further encouraged the use of low emission electric vehicles, which are one of the most suitable applications of AGM batteries due to their high reliability and longevity.

North America is expected to have steady growth and is expected to be led by the U.S.; the existence of a large number of practitioners from the market capital of America supports the U.S. market, and the increasing use of absorbent glass mat batteries to support renewable energy is another factor influencing the market. The marine industry is another critical area of use. The above findings depict that different region of the globe use batteries in diverse ways. AGM batteries are employed in personal watercraft yachts; powerboats; and heavy machineries employ the AGM batteries.

The Middle East and Africa are expected to show moderate growth because of increased construction projects and the extension of cities. The increasing demand for renewable energy sources to provide power will facilitate the growth of absorbent glass mat batteries in the respective regions.

Global Absorbent Glass Mat Battery Market Regional Analysis:

The objective of the report is to present comprehensive analysis of Global Absorbent Glass Mat Battery Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. 

North America

• U.S.
• Canada

Europe

• Switzerland
• Belgium
• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Rest of Europe

Asia-Pacific

• India
• Australia
• Philippines
• Singapore
• South Korea
• Japan
• China
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Argentina
• Peru
• Colombia
• Brazil
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Points Covered in the Report:

• The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
• The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analysed 5 years data history and forecast.
• The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
• Data and information by market player, by region, by type, by application and etc., and custom research can be added according to specific requirements.
• The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

Key Questions:

• How much the global Absorbent Glass Mat Battery Market valued?
• Which region has the largest share in 2024 for the global Absorbent Glass Mat Battery Market?
• What are the driving factors for the market?
• Which is the leading segment in the global market?
• What are the major players in the market?

Research Scope of Absorbent Glass Mat Battery Market:

• Historic year: 2019- 2022
• Base year: 2023
• Forecast: 2024 to 2032
• Representation of Market revenue in USD Million