Absorbent Glass Mat Battery Market, By Type, By Application, By Plate Design, By Sales Channel, By Battery Size (L, M, H ), By End User Industry, By geography

Description

The Absorbent Glass Mat Battery Market size is expected to reach US$ 26.90 billion by 2030, from US$ 14.72 billion in 2023, at a CAGR of 9% during the forecast period.

Report Coverage		Report Details
Base Year:	2022	Market Size in 2023:	US$ 14.72 Bn
Historical Data for:	2018 to 2021	Forecast Period:	2023 - 2030
Forecast Period 2023 to 2030 CAGR:	9.00%	2030 Value Projection:	US$ 26.90 Bn

Global Absorbent Glass Mat Battery Market Share (%), By Region, 2023

Absorbent Glass Mat Battery Market - IMG1

Absorbent Glass Mat (AGM) batteries have become increasingly popular in various industries due to their superior performance and versatility. These batteries are a type of valve-regulated lead-acid (VRLA) battery, which means they are maintenance-free and can be used in a wide range of applications.

AGM batteries are designed with a mat of absorbent glass fibers that hold the electrolyte solution, making them spill-proof and resistant to vibration. This unique construction allows AGM batteries to deliver high currents and provide reliable power to various devices and systems.

The global market for AGM batteries is experiencing significant growth, driven by the increasing demand for power backup and storage solutions. AGM batteries are widely used in industries such as automotive, telecommunications, healthcare, and renewable energy, among others.

Market Dynamics:

The Absorbent Glass Mat (AGM) Battery market is driven by several factors that are shaping its growth trajectory. One of the key drivers is the growing demand for reliable power backup solutions. As industries become more reliant on uninterrupted power supply, AGM batteries offer a convenient and efficient solution. These batteries can provide consistent power during power outages or in remote locations where grid access is limited.

Another driver for the AGM battery market is the increasing adoption of renewable energy sources. AGM batteries are used to store energy generated from solar and wind sources, ensuring a steady power supply during fluctuating weather conditions. The shift towards greener and more sustainable energy solutions is expected to drive the demand for AGM batteries in the coming years.

However, the market also faces certain challenges that could hinder its growth. One of the major restraints is the high initial cost of AGM batteries compared to traditional lead-acid batteries. This cost factor may limit their adoption, especially in price-sensitive markets. Additionally, AGM batteries have a limited lifespan, and their performance can be affected by extreme temperatures and overcharging.

Despite the challenges, the AGM battery market presents significant opportunities for growth. The increasing demand for electric vehicles (EVs) is expected to drive the market, as AGM batteries are used in EVs for their high energy density and ability to deliver power quickly. Moreover, advancements in AGM battery technology, such as improved cycle life and faster charging capabilities, are opening up new application areas, including grid storage and telecommunications.

Key features of the study:

This report provides in-depth analysis of the global Absorbent Glass Mat (AGM) Battery market, presenting market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023-2030), with 2022 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
Key players covered in this study include EnerSys, Exide Technologies, GS Yuasa, Hoppecke, Crown Battery, Hitachi Chemical, Amara Raja, HBL Power Systems, C&D Technologies, Luminous, Okaya Power, Rolls Battery, Amara Raja Batteries, Hankook AtlasBX Co, Leoch Battery, Power-Sonic, Southern Batteries, Panasonic Corporation, Samsung SDI, LG Chem.
Insights from this report would enable marketers and management authorities to make informed decisions regarding future product launches, upgrades, market expansion, and marketing tactics.
The global Absorbent Glass Mat (AGM) Battery market report caters to various stakeholders in this industry, including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would benefit from decision-making through various strategy matrices used in analyzing the global AGM battery market.

Absorbent Glass Mat Battery Market Segmentation

By Type
- Stationary
- Motive
- Others
By Application
- Telecom
- UPS
- Utility
- Emergency Lighting
- Security Systems
- Cable Television/Broadcasting
- Others
By Plate Design
- Flat Plate
- Tubular Plate
- Others
By Sales Channel
- OEM
- Aftermarket
By Battery Size
- L (Less than 100Ah)
- M (100 to 124Ah)
- H (More than 125Ah)
By End user Industry
- Telecom
- Railways
- Infrastructure
- Power
- Datacenters
- Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Top companies in Absorbent Glass Mat Battery Market
- EnerSys
- Exide Technologies
- GS Yuasa
- Hoppecke
- Crown Battery
- Hitachi Chemical
- Amara Raja
- HBL Power Systems
- C&D Technologies
- Luminous
- Okaya Power
- Rolls Battery
- Amara Raja Batteries
- Hankook AtlasBX Co
- Leoch Battery
- Power-Sonic
- Southern Batteries
- Panasonic Corporation
- Samsung SDI
- LG Chem

Product Code: CMI6337

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Absorbent Glass Mat Battery, By Type
- Market Absorbent Glass Mat Battery, By Application
- Market Absorbent Glass Mat Battery, By Plate Design
- Market Absorbent Glass Mat Battery, By Sales Channel
- Market Absorbent Glass Mat Battery, By Battery Size
- Market Absorbent Glass Mat Battery, By End user Industry
- Market Absorbent Glass Mat Battery, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
The growing demand for reliable power backup solutions
- Restraints
The high initial cost of AGM batteries compared to traditional lead-acid batteries
- Opportunities
The increasing demand for electric vehicles (EVs)
Impact Analysis
Key Highlights
Regulatory Scenario
Product launch/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario

4. Absorbent Glass Mat Battery Market - Impact of Coronavirus (COVID-19) Pandemic

COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact

5. Absorbent Glass Mat Battery Market , By Type, 2023-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
Stationary
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
Motive
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)

6. Absorbent Glass Mat Battery Market , By Application, 2023-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018- 2030
- Segment Trends
Telecom
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Billion)
UPS
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Billion)
Utility
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Billion)
Emergency Lighting
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Billion)
Security Systems
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Billion)
Cable Television/Broadcasting
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Billion)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Billion)

7. Absorbent Glass Mat Battery Market , By Plate Design, 2023-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018- 2030
- Segment Trends
Flat Plate
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Billion)
Tubular Plate
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Billion)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Billion)

8. Absorbent Glass Mat Battery Market , By Sales Channel, 2023-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018- 2030
- Segment Trends
OEM
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Billion)
Aftermarket
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Billion)

9. Absorbent Glass Mat Battery Market , By Battery Size, 2023-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018- 2030
- Segment Trends
L (Less than 100Ah)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Billion)
M (100 to 124Ah)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Billion)
H (More than 125Ah)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Billion)

10. Absorbent Glass Mat Battery Market , By End user Industry, 2023-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018- 2030
- Segment Trends
Telecom
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Billion)
Railways
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Billion)
Infrastructure
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Billion)
Power
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Billion)
Datacenters
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Billion)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Billion)

11. Absorbent Glass Mat Battery Market , By Region, 2023-2030, (US$ Bn)

Introduction
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, For Country 2018-2030
- Country Trends
North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Plate Design, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Sales Channel, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Battery Size, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End user Industry, 2023-2030,(US$ Bn)
Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Plate Design, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Sales Channel, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Battery Size, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End user Industry, 2023-2030,(US$ Bn)
Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Plate Design, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Sales Channel, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Battery Size, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End user Industry, 2023-2030,(US$ Bn)
Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Plate Design, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Sales Channel, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Battery Size, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End user Industry, 2023-2030,(US$ Bn)
Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Plate Design, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Sales Channel, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Battery Size, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End user Industry, 2023-2030,(US$ Bn)

12. Competitive Landscape

EnerSys
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Exide Technologies
GS Yuasa
Hoppecke
Crown Battery
Hitachi Chemical
Amara Raja
HBL Power Systems
C&D Technologies
Luminous
Okaya Power
Rolls Battery
Amara Raja Batteries
Hankook AtlasBX Co
Leoch Battery
Power-Sonic
Southern Batteries
Panasonic Corporation
Samsung SDI
LG Chem
Analyst Views

13. Section

Research Methodology
About us