The AGM (Absorbent Glass Mat) Battery Market is expected to develop significantly; it is expected to reach a Compound Annual Growth Rate (CAGR) of 5.3%, rising from USD 10.2 billion in 2019 to USD 13.9 billion by 2025.

This growth trend shows how AGM batteries are becoming more and more in demand due to their many applications across different industries. Because of their improved safety features, low maintenance requirements, and effective power delivery, AGM batteries are becoming more and more popular in a variety of industries, including the automotive, renewable energy, and uninterruptible power supply systems. The increasing global need for dependable energy storage solutions as well as the expanding use of sustainable energy solutions are driving the market's growth.

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With its inherent benefits, such as its non-spillable and maintenance-free nature, the absorbent glass mat (AGM) battery market is expected to increase significantly. The market is growing as a result of an increase in demand for energy storage solutions in high-current applications like Uninterruptible Power Supplies (UPS) and a rise in expenditures in renewable energy sources. AGM batteries are also favoured over lithium-ion batteries due to their simple recyclability, which is consistent with sustainable energy methods. The market report provides a thorough insight of the changing landscape by encompassing multiple sectors such as battery type, voltage, applications, end-user industries, and geographical regions.

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Market for AGM batteries ranging 2–4 Volts to grow at highest CAGR during forecast period

The AGM (Absorbent Glass Mat) Battery Market is expected to develop significantly over the course of the forecast period, with the 2–4 Volts voltage range segment expected to grow at the highest Compound Annual Growth Rate (CAGR). Because of their exceptional capabilities and strong capacity, batteries falling within this voltage range are highly sought after and appropriate for high-current applications such as start-stop systems. These AGM batteries provide benefits including long shelf life, safety, high energy release, and non-flammability. Numerous industries, including as automotive, maritime, energy storage, telecommunications, and off-grid and backup power applications, are major consumers of 2-4 Volt AGM batteries.

UPS application to dominate AGM battery market during forecast period

The UPS (Uninterruptible Power Supply) application became the dominating sector in the AGM battery market in 2018. Lead-acid batteries are currently the most often used battery type in UPS systems, however other battery technologies are also frequently used. Because of features including reduced internal resistance, increased specific power and efficiency, affordability, and low self-discharge rate, AGM batteries are now the go-to option for UPS systems. AGM batteries are utilised by UPS systems, which are essential for emergency backup in various commercial and industrial contexts. This allows for the short-term delivery of high current, which guarantees a dependable power supply in the event of unplanned disruptions.

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APAC to exhibit largest market size during forecast period

Over the course of the forecast period, the Asia-Pacific (APAC) AGM battery market is expected to develop at the fastest compound annual growth rate (CAGR). This region's large population adds to the rising need for energy, which makes fossil fuel-based energy generating more prevalent. Concurrently, there is an increasing focus on the integration of renewable energy sources, which is driving up demand for batteries. A number of major companies in the AGM battery business, including as Vision Group (China), HBL Power Systems Ltd. (India), Leoch (China), and B.B. Battery (China), have their headquarters in APAC. APAC is positioned as a strong growth region for the AGM battery market due to the convergence of these factors.

Exide Technologies (US), Clarios (US), Power Sonic Corporation (US), EnerSys (US), Fullriver Battery (US) East Penn Manufacturing Company (US), Universal Power Group (US), Fullriver Battery (US), and C&D Technologies (US), among others, are the major players operating in the AGM battery market.

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