Absorbed Glass Mat Battery Market Research Report By Voltage (6 Volt, 12 Volt, 24 Volt, 48 Volt), By Capacity (Under 1,000 Ah, 1,000Ah-2,000Ah, 2,000Ah-5,000Ah, Above 5,000Ah), By Application (Telecommunications, Power Systems, Transportation, Uninterruptible Power Supply), By Battery Technology (Lead-Acid, Lithium-Ion, Valve Regulated Lead-Acid) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2032

Absorbed Glass Mat Battery Market Overview:

As per MRFR analysis, the Absorbed Glass Mat Battery Market Size was estimated at 18.9 (USD Billion) in 2022. The Absorbed Glass Mat Battery Market Industry is expected to grow from 19.93(USD Billion) in 2023 to 32.19 (USD Billion) by 2032. The Absorbed Glass Mat Battery Market CAGR (growth rate) is expected to be around 5.47% during the forecast period (2024 - 2032).

Key Absorbed Glass Mat Battery Market Trends Highlighted

Most Important Market Trends in the Absorbed Glass Mat (AGM) Battery Market:Key market drivers for AGM batteries include the growing demand for uninterruptible power supply (UPS) systems in data centers and telecommunications, as well as the rising adoption of electric vehicles. The increasing awareness of environmental sustainability is also driving demand for AGM batteries due to their long life and ability to be recycled.Opportunities for growth in the AGM battery market lie in emerging applications, such as energy storage systems for renewable energy sources and off-grid power systems. The development of new technologies, such as advanced materials and manufacturing processes, is also expected to create opportunities for innovation and differentiation.Recent trends in the AGM battery market include the integration of advanced monitoring and management systems to enhance performance and reliability. The industry is also witnessing a shift towards larger capacity and higher voltage AGM batteries to meet the growing power demands of various applications. Additionally, the adoption of wireless charging technology is opening up new possibilities for AGM batteries in various portable devices.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Absorbed Glass Mat Battery Market Drivers

Increasing Demand for Renewable Energy Storage

The growth of renewable energy sources such as solar and wind power has led to an increased need for energy storage solutions. Absorbed Glass Mat (AGM) batteries are well-suited for this application due to their high efficiency, long lifespan, and low maintenance requirements. They are also becoming increasingly popular in electric vehicles and other applications where weight and space are critical factors. The Absorbed Glass Mat Battery Market Industry is expected to witness significant growth in the coming years, driven by the increasing demand for renewable energy storage.The market is expected to grow at a CAGR of 5.47% from 2024 to 2032, reaching a valuation of USD 32.19 billion by 2032.AGM batteries offer several advantages over traditional lead-acid batteries. They are more efficient, meaning they can store more energy in a smaller space. They are also more durable, lasting up to twice as long as lead-acid batteries. Additionally, AGM batteries require less maintenance, as they do not need to be watered or have their terminals cleaned.These advantages make AGM batteries an ideal choice for a wide range of applications, including renewable energy storage, electric vehicles, and marine applications. The increasing demand for renewable energy storage is a major driver of growth for the Absorbed Glass Mat Battery Market Industry. As more and more countries adopt renewable energy sources, the need for reliable and efficient storage solutions will grow. AGM batteries are well-positioned to meet this need, as they offer a number of advantages over traditional lead-acid batteries.The market is expected to continue to grow rapidly in the coming years as the demand for renewable energy storage increases.

Growing Adoption of Electric Vehicles

The growing number of electric vehicles and general awareness in terms of environmental conservation issues contribute to enjoying significant popularity among absorbed mat glass batteries in the modern world. They provide high power density and an extended life cycle that go in line with the requirements of the contemporary industrial sector and modern environment. One of the greatest attributes of AGM batteries revolves around the fact that they are resistant to vibration and shock, which empowers their suitability for utilization in vehicles.The number of electric cars and bikes, as well as other forms of contactless battery-powered transport, is increasing. In terms of the 2021 world report, global electric vehicle sales exceeded 6.6 million units, which marks 108% growth from the previous year. The corresponding industry is going to continue its development, as major world governments and people from across the world are well aware of the economic and environmental benefits of such magnetic cars.Consequently, the use of AGM batteries, in the abovementioned case, is going to grow due to the increased value of the number of electric vehicles. There are also numerous benefits of AGM batteries over the previously utilized lead-acid ones. The former are more efficient, implying that they can store relatively more energy in a small spot. They are also more durable than connectors, as absorbed glass mat batteries last twice as long. The utilization of the corresponding devices requires less time for their maintenance: AGM batteries do not have to be watered or have their terminals cleaned.

Technological Advancements

Technological advances are responsible for the growth of the Absorbed Glass Mat Battery Market Industry. Leading manufacturers of AGM batteries have invested a lot in technological advancements in the past few years. For starters, energy density levels of AGM batteries have increased. This has allowed users to store more energy in the batteries. Moreover, modern AGM batteries have a longer lifespan. Reports from leading manufacturers indicate that current AGM batteries have extended cycles lives of up to 600 cycles.Lastly, technological advances have resulted in faster charging AGM batteries. There are two types of technological advances that are responsible for the increased usability of AGM batteries. The first is the development of new electrode materials. Electrode materials that are being used with AGM batteries today have a higher energy density than the traditional lead-acid alternatives. This allows the batteries to store more energy in a smaller space.It should also be noted that the electrode materials that are being used today are more durable, which is responsible for the long lifespan noted above. The second type of technological development in the AGM batteries sector is the development of new electrolyte systems. AGM batteries in use today use electrolytes that are more stable. The electrolytes that are being used today also last longer than the earlier alternatives. Overall, it should be noted that advances in technology will continue to be a major driver for the Absorbed Glass Mat Battery Market Industry.When viewed in light of a high level of efficiency, it becomes clear the other sectors that rely on batteries also stand to gain from the various types of technological developments mentioned above.

Absorbed Glass Mat Battery Market Segment Insights:

Absorbed Glass Mat Battery Market Voltage Insights

The Absorbed Glass Mat Battery Market is segmented by voltage as 6 Volt, 12 Volt, 24 Volt, and 48 Volt. The 12 Volt segment is expected to dominate the market by contributing the largest revenue share in 2024 due to the major applications of the battery in the automotive segment, such as starting, lighting, and ignition in both 2-wheelers and 4-wheelers. The 6 Volt segment is expected to grow at a significant rate over the forecast period as a result of applications in low power devices such as 6 Volt flashlights and portable 6 Volt power tools.The 24 Volt segment is projected to grow at a uniform rate in the given time phase because of a rise in the operations of 24-volt AGM batteries in Electric Vehicles and at industrial sites. The 48 Volt segment is likely to grow over the next five years because of the growing preference for 48 Volt batteries for charging electric and hybrid vehicles. Overall, the Absorbed Glass Mat Battery Market is expected to expand at a uniform growth rate over the forecast period due to the growing application of AGM batteries in almost every industry, as well as the high adoption of coming electric and hybrid vehicles and renewable energy storage systems.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Absorbed Glass Mat Battery Market Capacity Insights

The Absorbed Glass Mat Battery Market is segmented by capacity into Under 1,000 Ah, 1,000Ah-2,000Ah, 2,000Ah-5,000Ah, and Above 5,000Ah. Among these segments, the 2,000Ah-5,000Ah segment is expected to witness the highest growth during the forecast period. The increasing demand for high-capacity batteries for electric vehicles and renewable energy storage systems is driving the growth of this segment. The Under 1,000 Ah segment accounted for the largest share of the Absorbed Glass Mat Battery Market in 2023. This segment is expected to continue to dominate the market over the forecast period, owing to the wide range of applications for these batteries, including in automotive, industrial, and consumer electronics.The 1,000Ah-2,000Ah segment is also expected to witness significant growth during the forecast period. This segment is driven by the increasing demand for batteries for electric forklifts and other industrial applications. The Above 5,000Ah segment is expected to witness the highest growth rate during the forecast period. This segment is driven by the increasing demand for batteries for large-scale energy storage systems, such as those used in renewable energy projects.

Absorbed Glass Mat Battery Market Application Insights

The Absorbed Glass Mat Battery Market is segmented into various applications, including telecommunications, power systems, transportation, and uninterruptible power supply (UPS). Among these, the telecommunications segment is expected to hold a significant market share in 2023, owing to the increasing demand for reliable power backup solutions in telecommunication networks. The power systems segment is also projected to witness notable growth, driven by the rising need for efficient and environmentally friendly energy storage systems in power grids.Moreover, the transportation segment is anticipated to gain traction due to the growing adoption of electric vehicles and the need for advanced battery technologies to support their operation. Furthermore, the UPS segment is expected to contribute significantly to the market growth, driven by the increasing demand for uninterrupted power supply in various critical applications such as data centers, healthcare facilities, and industrial settings.

Absorbed Glass Mat Battery Market Battery Technology Insights

The Absorbed Glass Mat Battery Market segmentation by Battery Technology is classified into Lead-Acid, Lithium-Ion, and Valve Regulated Lead-Acid. Among these, the Lead-Acid segment held the largest market share in 2023, accounting for approximately 60% of the Absorbed Glass Mat Battery Market revenue. The growth of this segment can be attributed to the low cost and high energy density of Lead-Acid batteries. However, the Lithium-Ion segment is expected to witness the highest growth rate during the forecast period, owing to its superior performance and longer lifespan.The Valve Regulated Lead-Acid segment is also expected to grow at a steady pace due to its low maintenance requirements and high reliability.

Absorbed Glass Mat Battery Market Regional Insights

The Absorbed Glass Mat Battery Market is segmented into North America, Europe, APAC, South America, and MEA. Among these regions, North America is expected to hold the largest market share in 2023, followed by Europe and APAC. The growth in North America is attributed to the increasing demand for Absorbed Glass Mat Batteries in the automotive industry, while the growth in Europe is driven by the growing adoption of electric vehicles. The growth of the market is attributed to the increasing demand for Absorbed Glass Mat Batteries in various applications, including automotive, consumer electronics, and industrial.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Absorbed Glass Mat Battery Market Key Players and Competitive Insights:

Major players in the Absorbed Glass Mat Battery Market industry are implementing various strategies to gain a competitive advantage. Leading Absorbed Glass Mat Battery Market players are focusing on research and development, product innovation, and strategic partnerships to enhance their market share. The Absorbed Glass Mat Battery Market development is driven by the increasing adoption of renewable energy sources, such as solar and wind power, which require reliable energy storage solutions. The Absorbed Glass Mat Battery Market Competitive Landscape is characterized by the presence of a few large players, such as Enersys, Exide Technologies, and Clarios, which account for a significant share of the market. These leading players are investing heavily in research and development to improve the performance and efficiency of their batteries.Exide Technologies is a global leader in the production and distribution of Absorbed Glass Mat Batteries. The company offers a wide range of AGM batteries for various applications, including automotive, industrial, and renewable energy. Exide Technologies has a strong focus on innovation and has developed several patented technologies that improve the performance and reliability of its batteries. The company has a global presence with manufacturing facilities in the United States, Europe, and Asia.Clarios is another leading Absorbed Glass Mat Battery Market player that provides a comprehensive range of batteries for various applications. The company is committed to providing high-quality, reliable batteries that meet the specific needs of its customers. Clarios has a global presence with manufacturing facilities in North America, Europe, and Asia. The company invests heavily in research and development to improve the performance and efficiency of its batteries.

Key Companies in the Absorbed Glass Mat Battery Market Include:

• EnerSys


• C Technologies, Inc.


• NorthStar Battery Company


• Yuasa Battery Inc.


• Hitachi Chemical Co., Ltd.


• Leoch International Technology Limited


• Banner Batterienfabrik GmbH


• Furukawa Battery Co., Ltd.


• Crown Battery Manufacturing Company


• Trojan Battery Company


• Deka Batteries


• BAE Batteries


• East Penn Manufacturing Co., Inc.


• Exide Technologies


• GS Yuasa Corporation

Absorbed Glass Mat Battery Market Industry Developments

The global absorbed glass mat (AGM) battery market is projected to reach USD 32.19 billion by 2032, exhibiting a CAGR of 5.47% during the forecast period. Rising demand for AGM batteries in the automotive industry, particularly in electric and hybrid vehicles, is a key driver of market growth. Additionally, the increasing adoption of AGM batteries in energy storage systems for renewable energy applications and uninterruptible power supplies (UPS) is contributing to market expansion. Recent developments include the launch of high-performance AGM batteries with longer lifespans and improved efficiency, as well as growing investments in research and development to enhance battery performance and reduce costs.

Absorbed Glass Mat Battery Market Segmentation Insights

• Absorbed Glass Mat Battery Market Voltage Outlook


• 6 Volt


• 12 Volt


• 24 Volt


• 48 Volt

• Absorbed Glass Mat Battery Market Capacity Outlook


• Under 1,000 Ah


• 1,000Ah-2,000Ah


• 2,000Ah-5,000Ah


• Above 5,000Ah

• Absorbed Glass Mat Battery Market Application Outlook


• Telecommunications


• Power Systems


• Transportation


• Uninterruptible Power Supply

• Absorbed Glass Mat Battery Market Battery Technology Outlook


• Lead-Acid


• Lithium-Ion


• Valve Regulated Lead-Acid

• Absorbed Glass Mat Battery Market Regional Outlook


• North America


• Europe


• South America


• Asia Pacific


• Middle East and Africa