Absorbent Glass Mat Agm Battery Market
Absorbent Glass Mat (AGM) Battery Market Forecasts to 2030 - Global Analysis By Type (Standard AGM Batteries and Enhanced AGM Batteries), Design (Sealed Lead Acid (SLA) and Valve Regulated Lead Acid (VRLA)), Voltage, Distribution Channel, End User and By Geography
According to Stratistics MRC, the Global Absorbent Glass Mat (AGM) Battery Market is accounted for $10.08 billion in 2024 and is expected to reach $15.68 billion by 2030 growing at a CAGR of 8.7% during the forecast period. An Absorbent Glass Mat (AGM) battery is a type of lead-acid battery where the electrolyte is absorbed into a glass mat separator between the battery plates. This design allows for a more compact and spill-proof battery that can operate in various orientations. AGM batteries offer improved charge efficiency, faster recharging, and greater vibration resistance compared to traditional flooded lead-acid batteries. They are commonly used in applications such as automotive starting, backup power, and renewable energy systems due to their reliability and maintenance-free nature.
According to a 2021 report by the United Nations Environmental Programme (UNEP), the global stock of lithium-ion batteries stemming from electric vehicles and consumer electronics will grow to over 30 million metric tons by 2030.
Market Dynamics:
Driver:
Increasing demand for reliable power sources
As industries and consumers seek dependable power for automotive, backup systems, and renewable energy applications, AGM batteries' attributes—such as spill-proof design, durability, and consistent power delivery—become highly valued. This heightened demand fosters market expansion by encouraging manufacturers to innovate and improve AGM battery technologies. Additionally, growing reliance on backup power systems during emergencies and outages further propels AGM battery adoption, boosting market growth.
Restraint:
Limited cycle life
AGM batteries have a limited cycle life due to the inherent chemical and physical constraints of lead-acid technology. This limitation hampers market growth as users may prefer longer-lasting alternatives like lithium-ion batteries, which offer superior cycle life and performance. Consequently, the relatively shorter lifespan of AGM batteries can lead to higher replacement costs and reduced appeal in applications requiring frequent cycling or extended battery life.
Opportunity:
Rising electric vehicle (EV) adoption
AGM batteries are used in EVs for starting, auxiliary power, and energy storage due to their spill-proof design, fast charging capabilities, and durability. As more consumers and manufacturers focus on EVs, the need for AGM batteries in supporting various vehicle functions grows. Additionally, the expansion of EV infrastructure and government incentives for clean energy contributes to the increased utilization of AGM batteries, driving market growth in this sector.
Threat:
Competition from alternative technologies
Competition from alternative technologies, such as lithium-ion batteries, hampers the growth of the AGM battery market by offering superior performance characteristics, including longer cycle life, lighter weight, and higher energy density. These advanced technologies are increasingly preferred for applications like electric vehicles and renewable energy systems due to their efficiency and longer lifespan. As a result, AGM batteries face reduced demand and market share as consumers and manufacturers opt for these more advanced and cost-effective alternatives.
Covid-19 Impact
The covid-19 pandemic impacted the absorbent glass mat (AGM) battery market by disrupting supply chains and manufacturing processes, leading to delays and shortages. Reduced automotive and industrial activities during lockdowns decreased AGM battery demand. However, increased reliance on backup power systems and renewable energy during the pandemic boosted market interest. As recovery progressed, demand rebounded with growing needs in electric vehicles and renewable energy sectors, partially offsetting the initial negative effects.
The standard AGM batteries segment is expected to be the largest during the forecast period
The standard AGM batteries segment is anticipated to register the largest market share during the forecast period. Standard AGM batteries are a type of lead-acid battery where the electrolyte is absorbed in a glass mat separator, making them spill-proof and maintenance-free. They offer reliable power, fast recharging, and durability, suitable for various applications including automotive, marine, and backup power systems. They are known for their resistance to vibration and deep discharge capabilities, providing stable performance under diverse conditions. They are favoured for their ease of use and long service life.
The renewable energy segment is expected to have the highest CAGR during the forecast period
The renewable energy segment is anticipated to witness the highest CAGR during the forecast period. In renewable energy applications, AGM batteries provide reliable energy storage due to their high efficiency and maintenance-free design. They are used to store energy generated from solar or wind systems, ensuring a consistent power supply even when renewable sources are intermittent. AGM batteries offer robust performance with good cycle life and resistance to vibration, making them suitable for off-grid and backup power systems. Their compact, sealed design also supports ease of installation and safety in various settings.
Region with largest share:
The absorbent glass mat (AGM) battery market in the Asia-Pacific region is expected to have a largest share driven by increasing automotive production, rising adoption of renewable energy systems, and expanding backup power applications. The region's booming electric vehicle industry and infrastructural development projects further stimulate demand for AGM batteries due to their reliability and maintenance-free features. Additionally, government initiatives promoting clean energy and technological advancements in battery performance are contributing to market expansion across key countries like China, Japan, and India.
Region with highest CAGR:
In North America, the absorbent glass mat (AGM) battery market is thriving due to robust automotive and renewable energy sectors. The region’s growing demand for reliable and maintenance-free power sources in electric vehicles, backup power systems, and off-grid applications fuels market growth. Advances in battery technology and increasing awareness of environmental benefits also drive adoption. The market is supported by a strong infrastructure for manufacturing and recycling, as well as government incentives promoting clean energy and advanced battery technologies.
Key players in the market
Some of the key players profiled in the Absorbent Glass Mat (AGM) Battery Market include Johnson Controls International PLC, Exide Technologies, LG Chem, Enersys, Panasonic, Apex Battery, Hitachi Chemical Company, East Penn Manufacturing Corporation, C&D Technologies Inc., VARTA AG, Daimler AG, GS Yuasa Corporation, Trojan Battery Company, Ritar Power, Shenzhen NPP Power Corporation, Yuasa Battery Inc. and Saft Batteries.
Key Developments:
In July 2024, Exide Industries Ltd launched a new generation of Absorbent Glass Mat (AGM) batteries designed specifically for the starting, lighting, and ignition (SLI) segment. By introducing this advanced AGM battery, Exide Industries Ltd aims to strengthen its position in the automotive battery market and cater to the increasing demand for high-performance and reliable battery solutions.
In January 2023, Johnson Controls International introduced a new Absorbent Glass Mat (AGM) battery specifically designed for electric vehicles (EVs). The battery incorporates advanced technology to support faster and more efficient charging, reducing downtime and enhancing the overall convenience for EV users.
Types Covered:
• Standard AGM Batteries
• Enhanced AGM Batteries
Designs Covered:
• Sealed Lead Acid (SLA)
• Valve Regulated Lead Acid (VRLA)
Voltages Covered:
• 6V
• 12V
• 24V
• Other Voltages
Distribution Channels Covered:
• Direct Sales
• Distributors/Wholesalers
• Retailers
• Other Distribution Channels
End User Covered:
• Automotive
• Industrial
• Renewable Energy
• Consumer Electronics
• Marine
• Telecommunications
• Healthcare
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Absorbent Glass Mat (AGM) Battery Market, By Type
5.1 Introduction
5.2 Standard AGM Batteries
5.3 Enhanced AGM Batteries
6 Global Absorbent Glass Mat (AGM) Battery Market, By Design
6.1 Introduction
6.2 Sealed Lead Acid (SLA)
6.3 Valve Regulated Lead Acid (VRLA)
7 Global Absorbent Glass Mat (AGM) Battery Market, By Voltage
7.1 Introduction
7.2 6V
7.3 12V
7.4 24V
7.5 Other Voltages
8 Global Absorbent Glass Mat (AGM) Battery Market, By Distribution Channel
8.1 Introduction
8.2 Direct Sales
8.3 Distributors/Wholesalers
8.4 Retailers
8.5 Other Distribution Channels
9 Global Absorbent Glass Mat (AGM) Battery Market, By End User
9.1 Introduction
9.2 Automotive
9.3 Industrial
9.4 Renewable Energy
9.5 Consumer Electronics
9.6 Marine
9.7 Telecommunications
9.8 Healthcare
9.9 Other End Users
10 Global Absorbent Glass Mat (AGM) Battery Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Johnson Controls International PLC
12.2 Exide Technologies
12.3 LG Chem
12.4 Enersys
12.5 Panasonic
12.6 Apex Battery
12.7 Hitachi Chemical Company
12.8 East Penn Manufacturing Corporation
12.9 C&D Technologies Inc.
12.10 VARTA AG
12.11 Daimler AG
12.12 GS Yuasa Corporation
12.13 Trojan Battery Company
12.14 Ritar Power
12.15 Shenzhen NPP Power Corporation
12.16 Yuasa Battery Inc.
12.17 Saft Batteries
List of Tables
1 Global Absorbent Glass Mat (AGM) Battery Market Outlook, By Region (2022-2030) ($MN)
2 Global Absorbent Glass Mat (AGM) Battery Market Outlook, By Type (2022-2030) ($MN)
3 Global Absorbent Glass Mat (AGM) Battery Market Outlook, By Standard AGM Batteries (2022-2030) ($MN)
4 Global Absorbent Glass Mat (AGM) Battery Market Outlook, By Enhanced AGM Batteries (2022-2030) ($MN)
5 Global Absorbent Glass Mat (AGM) Battery Market Outlook, By Design (2022-2030) ($MN)
6 Global Absorbent Glass Mat (AGM) Battery Market Outlook, By Sealed Lead Acid (SLA) (2022-2030) ($MN)
7 Global Absorbent Glass Mat (AGM) Battery Market Outlook, By Valve Regulated Lead Acid (VRLA) (2022-2030) ($MN)
8 Global Absorbent Glass Mat (AGM) Battery Market Outlook, By Voltage (2022-2030) ($MN)
9 Global Absorbent Glass Mat (AGM) Battery Market Outlook, By 6V (2022-2030) ($MN)
10 Global Absorbent Glass Mat (AGM) Battery Market Outlook, By 12V (2022-2030) ($MN)
11 Global Absorbent Glass Mat (AGM) Battery Market Outlook, By 24V (2022-2030) ($MN)
12 Global Absorbent Glass Mat (AGM) Battery Market Outlook, By Other Voltages (2022-2030) ($MN)
13 Global Absorbent Glass Mat (AGM) Battery Market Outlook, By Distribution Channel (2022-2030) ($MN)
14 Global Absorbent Glass Mat (AGM) Battery Market Outlook, By Direct Sales (2022-2030) ($MN)
15 Global Absorbent Glass Mat (AGM) Battery Market Outlook, By Distributors/Wholesalers (2022-2030) ($MN)
16 Global Absorbent Glass Mat (AGM) Battery Market Outlook, By Retailers (2022-2030) ($MN)
17 Global Absorbent Glass Mat (AGM) Battery Market Outlook, By Other Distribution Channels (2022-2030) ($MN)
18 Global Absorbent Glass Mat (AGM) Battery Market Outlook, By End User (2022-2030) ($MN)
19 Global Absorbent Glass Mat (AGM) Battery Market Outlook, By Automotive (2022-2030) ($MN)
20 Global Absorbent Glass Mat (AGM) Battery Market Outlook, By Industrial (2022-2030) ($MN)
21 Global Absorbent Glass Mat (AGM) Battery Market Outlook, By Renewable Energy (2022-2030) ($MN)
22 Global Absorbent Glass Mat (AGM) Battery Market Outlook, By Consumer Electronics (2022-2030) ($MN)
23 Global Absorbent Glass Mat (AGM) Battery Market Outlook, By Marine (2022-2030) ($MN)
24 Global Absorbent Glass Mat (AGM) Battery Market Outlook, By Telecommunications (2022-2030) ($MN)
25 Global Absorbent Glass Mat (AGM) Battery Market Outlook, By Healthcare (2022-2030) ($MN)
26 Global Absorbent Glass Mat (AGM) Battery Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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