Absorbed Glass Mat Battery Market Size, Share, Trends, Growth Outlook

Absorbed Glass Mat Battery Market is estimated to increase at a growth rate of 6.1% CAGR over the forecast period from 2024 to 2030.

The global Absorbed Glass Mat Battery Market study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments including By Type (Automobile Battery, Inverter Battery, Solar Energy Battery, Alternate Battery), By Output Capacity (6V, 8V, 12V), By Application (Telecommunications Industry, Electricity Industry, UPS, Others), By Distribution Channel (OEMs, Aftermarket).

An Introduction to Global Absorbed Glass Mat Battery Market, 2024

Absorbed Glass Mat (AGM) batteries have emerged as a pivotal player in the energy storage sector, witnessing substantial growth and innovation in the automotive, renewable energy, and industrial sectors. These batteries utilize a fiberglass mat separator to hold the electrolyte, offering advantages such as improved durability, maintenance-free operation, and resistance to vibration and shock. With the increasing demand for reliable and efficient energy storage solutions, coupled with the growing adoption of electric vehicles (EVs) and renewable energy systems, the AGM battery market is experiencing robust expansion. Manufacturers are focusing on enhancing battery performance, extending lifespan, and reducing environmental impact through advancements in materials and manufacturing processes. Additionally, stringent regulations pertaining to emissions and fuel efficiency are propelling the demand for AGM batteries in the automotive sector, further driving market growth.

Absorbed Glass Mat Battery Competitive Landscape

The global Absorbed Glass Mat Battery market is highly competitive with a large number of companies focusing on niche market segments. Amidst intense competitive conditions, Absorbed Glass Mat Battery Companies are investing in new product launches and strengthening distribution channels. Key companies operating in the Absorbed Glass Mat Battery Market Industry include- Amara Raja Batteries Ltd, Centennial Battery Systems, Duracell Inc, East Penn Manufacturing Co. Inc, EnerSys, Exide Technologies, MK Battery, Robert Bosch GmbH, Trojan Battery Company LLC, Tudor India Ltd.

Absorbed Glass Mat Battery Market Trend: Growing Demand for Electric Vehicles (EVs)

The Absorbed Glass Mat (AGM) Battery Market is witnessing a significant trend driven by the growing demand for electric vehicles (EVs) worldwide. With increasing environmental concerns and government regulations focusing on reducing emissions, there has been a notable shift towards electric mobility. AGM batteries are becoming increasingly popular in the automotive sector due to their ability to deliver high power, longer cycle life, and superior performance compared to traditional flooded lead-acid batteries. This trend is expected to continue as automakers invest more in EV technology and consumers embrace sustainable transportation solutions.

Absorbed Glass Mat Battery Market Driver: Advancements in Energy Storage Solutions

Advancements in energy storage solutions are acting as a major driver for the growth of the Absorbed Glass Mat (AGM) Battery Market. AGM batteries are widely used in various applications, including renewable energy storage, telecommunications, UPS systems, and automotive start-stop systems. The increasing adoption of renewable energy sources such as solar and wind power necessitates efficient energy storage solutions to manage intermittent power generation and ensure grid stability. AGM batteries offer several advantages such as maintenance-free operation, high reliability, and fast recharge capabilities, making them an ideal choice for energy storage applications. As the demand for reliable and cost-effective energy storage solutions continues to rise, the AGM battery market is poised for significant growth driven by technological advancements and innovation in battery chemistry.

Absorbed Glass Mat Battery Market Opportunity: Expansion in Telecommunications Sector

An emerging opportunity for the Absorbed Glass Mat (AGM) Battery Market lies in the expansion of the telecommunications sector. AGM batteries are widely used in telecom backup power systems to ensure uninterrupted communication services during power outages. With the increasing demand for high-speed internet and data services, telecom operators are investing in the expansion and upgrade of their network infrastructure. This expansion requires reliable backup power solutions to maintain uptime and meet service level agreements (SLAs). AGM batteries offer advantages such as long service life, high energy density, and minimal maintenance requirements, making them an attractive choice for telecom backup power applications. As the telecommunications industry continues to evolve and expand, there exists a significant opportunity for AGM battery manufacturers to capitalize on the growing demand for reliable backup power solutions in this sector.

Absorbed Glass Mat Battery Market Segmentation

By Type
Automobile Battery
Inverter Battery
Solar Energy Battery
Alternate Battery
By Output Capacity
6V
8V
12V
By Application
Telecommunications Industry
Electricity Industry
UPS
Others
By Distribution Channel
OEMs
AftermarketGeographical Analysis
North America (United States, Canada, Mexico)
Europe (Germany, France, United Kingdom, Spain, Italy, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa

Absorbed Glass Mat Battery Companies

Amara Raja Batteries Ltd
Centennial Battery Systems
Duracell Inc
East Penn Manufacturing Co. Inc
EnerSys
Exide Technologies
MK Battery
Robert Bosch GmbH
Trojan Battery Company LLC
Tudor India Ltd
*- List not Exhaustive

TABLE OF CONTENTS

1 Introduction to 2024 Absorbed Glass Mat Battery Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Analyzed
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain

2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations

3 Executive Summary
3.1 Global Absorbed Glass Mat Battery Market Size Outlook, $ Million, 2021 to 2030
3.2 Absorbed Glass Mat Battery Market Outlook by Type, $ Million, 2021 to 2030
3.3 Absorbed Glass Mat Battery Market Outlook by Product, $ Million, 2021 to 2030
3.4 Absorbed Glass Mat Battery Market Outlook by Application, $ Million, 2021 to 2030
3.5 Absorbed Glass Mat Battery Market Outlook by Key Countries, $ Million, 2021 to 2030

4 Market Dynamics
4.1 Key Driving Forces of Absorbed Glass Mat Battery Industry
4.2 Key Market Trends in Absorbed Glass Mat Battery Industry
4.3 Potential Opportunities in Absorbed Glass Mat Battery Industry
4.4 Key Challenges in Absorbed Glass Mat Battery Industry

5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Absorbed Glass Mat Battery Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook

6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts

7 Global Absorbed Glass Mat Battery Market Outlook by Segments
7.1 Absorbed Glass Mat Battery Market Outlook by Segments, $ Million, 2021- 2030
By Type
Automobile Battery
Inverter Battery
Solar Energy Battery
Alternate Battery
By Output Capacity
6V
8V
12V
By Application
Telecommunications Industry
Electricity Industry
UPS
Others
By Distribution Channel
OEMs
Aftermarket

8 North America Absorbed Glass Mat Battery Market Analysis and Outlook To 2030
8.1 Introduction to North America Absorbed Glass Mat Battery Markets in 2024
8.2 North America Absorbed Glass Mat Battery Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Absorbed Glass Mat Battery Market size Outlook by Segments, 2021-2030
By Type
Automobile Battery
Inverter Battery
Solar Energy Battery
Alternate Battery
By Output Capacity
6V
8V
12V
By Application
Telecommunications Industry
Electricity Industry
UPS
Others
By Distribution Channel
OEMs
Aftermarket

9 Europe Absorbed Glass Mat Battery Market Analysis and Outlook To 2030
9.1 Introduction to Europe Absorbed Glass Mat Battery Markets in 2024
9.2 Europe Absorbed Glass Mat Battery Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Absorbed Glass Mat Battery Market Size Outlook by Segments, 2021-2030
By Type
Automobile Battery
Inverter Battery
Solar Energy Battery
Alternate Battery
By Output Capacity
6V
8V
12V
By Application
Telecommunications Industry
Electricity Industry
UPS
Others
By Distribution Channel
OEMs
Aftermarket

10 Asia Pacific Absorbed Glass Mat Battery Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Absorbed Glass Mat Battery Markets in 2024
10.2 Asia Pacific Absorbed Glass Mat Battery Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Absorbed Glass Mat Battery Market size Outlook by Segments, 2021-2030
By Type
Automobile Battery
Inverter Battery
Solar Energy Battery
Alternate Battery
By Output Capacity
6V
8V
12V
By Application
Telecommunications Industry
Electricity Industry
UPS
Others
By Distribution Channel
OEMs
Aftermarket

11 South America Absorbed Glass Mat Battery Market Analysis and Outlook To 2030
11.1 Introduction to South America Absorbed Glass Mat Battery Markets in 2024
11.2 South America Absorbed Glass Mat Battery Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Absorbed Glass Mat Battery Market size Outlook by Segments, 2021-2030
By Type
Automobile Battery
Inverter Battery
Solar Energy Battery
Alternate Battery
By Output Capacity
6V
8V
12V
By Application
Telecommunications Industry
Electricity Industry
UPS
Others
By Distribution Channel
OEMs
Aftermarket

12 Middle East and Africa Absorbed Glass Mat Battery Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Absorbed Glass Mat Battery Markets in 2024
12.2 Middle East and Africa Absorbed Glass Mat Battery Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Absorbed Glass Mat Battery Market size Outlook by Segments, 2021-2030
By Type
Automobile Battery
Inverter Battery
Solar Energy Battery
Alternate Battery
By Output Capacity
6V
8V
12V
By Application
Telecommunications Industry
Electricity Industry
UPS
Others
By Distribution Channel
OEMs
Aftermarket

13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
List of Companies
Amara Raja Batteries Ltd
Centennial Battery Systems
Duracell Inc
East Penn Manufacturing Co. Inc
EnerSys
Exide Technologies
MK Battery
Robert Bosch GmbH
Trojan Battery Company LLC
Tudor India Ltd

14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise

By Type
Automobile Battery
Inverter Battery
Solar Energy Battery
Alternate Battery
By Output Capacity
6V
8V
12V
By Application
Telecommunications Industry
Electricity Industry
UPS
Others
By Distribution Channel
OEMs
Aftermarket