PUBLISHER: SkyQuest | PRODUCT CODE: 1895594
PUBLISHER: SkyQuest | PRODUCT CODE: 1895594
Absorbent Glass Mat Battery Market size was valued at USD 11.47 Billion in 2024 and is poised to grow from USD 12.18 Billion in 2025 to USD 19.71 Billion by 2033, growing at a CAGR of 6.2% during the forecast period (2026-2033).
The absorbent glass mat (AGM) battery market is experiencing robust growth, fueled by a rising demand for dependable energy storage solutions across various sectors. Renowned for their maintenance-free nature, enhanced safety, and adaptability, AGM batteries are extensively utilized in automotive, renewable energy, telecommunications, and uninterruptible power supply (UPS) systems. In the automotive industry, their high starting power makes them ideal for start-stop systems in hybrid vehicles. Furthermore, AGM batteries efficiently store energy generated from renewable sources like solar and wind. The market thrives on technological advancements improving cycling capabilities and energy density, despite competition from lithium-ion batteries. As the push for sustainable energy increases, AGM batteries' versatility and reliability position them as an essential choice across diverse applications.
Top-down and bottom-up approaches were used to estimate and validate the size of the Absorbent Glass Mat Battery market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Absorbent Glass Mat Battery Market Segments Analysis
Global Absorbent Glass Mat Battery Market is segmented by Type, Voltage, End User, Application and region. Based on Type, the market is segmented into Stationary and Motive. Based on Voltage, the market is segmented into 2-4 Volts, 6-8 Volts and 12 Volts & above. Based on End User, the market is segmented into OEM and Aftermarket. Based on Application, the market is segmented into Automotive, UPS, Industrial, Energy Storage and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Absorbent Glass Mat Battery Market
The growing emphasis on sustainable transportation and the rising popularity of electric vehicles contribute substantially to the growth of the Absorbent Glass Mat (AGM) battery market. AGM batteries are favored for their superior energy density, quicker charging times, and enhanced cycle life when compared to conventional lead-acid batteries. As the market for electric vehicles continues to gain momentum, AGM batteries are increasingly adopted for auxiliary purposes, including start-stop systems, regenerative braking, and power stabilization, further solidifying their role in supporting the evolving demands of modern transportation solutions. This trend underscores the importance of AGM technology in the future of mobility.
Restraints in the Absorbent Glass Mat Battery Market
The Absorbent Glass Mat (AGM) battery market encounters significant restraints due to the rising competition from advanced lithium-ion batteries. These lithium-ion batteries are gaining traction across several sectors, including automotive and consumer electronics, owing to their superior energy densities, longer lifespan, and rapid charging features. As more industries increasingly adopt lithium-ion technology, the demand for AGM batteries may be adversely affected, limiting their growth potential. Consequently, the strong market presence of lithium-ion batteries poses a challenge for AGM batteries, making it essential for stakeholders to innovate and differentiate their offerings to remain competitive in the evolving energy storage landscape.
Market Trends of the Absorbent Glass Mat Battery Market
The Absorbent Glass Mat (AGM) battery market is experiencing a significant upward trend, propelled by the surging demand for reliable energy storage solutions in renewable energy applications. These batteries are increasingly favored for their sealed design, which mitigates the risks associated with acid leakage, making them ideal for solar and wind energy systems. As global initiatives focus on sustainable energy, AGM batteries are becoming essential for efficiently storing excess energy produced by renewable sources. This enhances energy reliability during peak demand periods or low production situations, positioning AGM batteries as a vital component in the transition to cleaner energy infrastructures.