Absorbent Glass Mat Battery Market: Current Analysis and Forecast (2021-2027)

The absorbent glass mat (AGM) battery uses saturated absorbent glass mats between the plates in place of gelled or liquid electrolytes. AGM batteries have a very low internal resistance and are able to deliver high currents on demand.

The Global Absorbent Glass Mat Battery Market is expected to register a robust CAGR of around 5% throughout 2021-2027. Implementation of strict regulations related to carbon emission is one of the major drivers of the AGM battery market. In the automotive industry, trucks are beginning to install AGM batteries, since it requires minimal maintenance. The rise in demand for renewable energy components/systems such as solar power is completely dependent on energy storage batteries. Thus, these factors are expected to drive the demand for AGM batteries in the next few years. Furthermore, their maintenance-free properties, combined with the no hassle of topping up with distilled water at frequent intervals are major factors that will augment the growth of the absorbent glass mat (AGM) battery market.

Clarios, Power Sonic Corporation, Exide Technologies, C&D Technologies, Fullriver Battery, East Penn Manufacturing Company, Universal Power Group, EnerSys, and Panasonic Holdings Corporation. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

"Amongst type, stationary category holds the dominant position in the market"

Based on type, the market can be segregated into stationary and motive batteries. Among them all, stationary batteries are anticipated to dominate the global absorbent glass mat battery market during the forecast period. This is because the UPS and telecommunications industries have adopted it. The larger grid architecture and other characteristics of stationary batteries offer them a longer lifespan

"Amongst voltage, 2-4 volts category is expected to grow significantly during the forecast period"

Based on voltage, the market is segmented into 2-4 volts, 6-8 volts, 12 volts and above. Amongst them, 2-4 Volts is expected to grow at the highest CAGR during the forecast period. This is because they are equipped with high capacity and unmatched capabilities. 2-4 volts' batteries found significant application in automotive, marine, energy storage, telecom, and off-grid & backup industries.

"Amongst application, robotics segment expected to dominate the global AGM battery market"

Based on the application, the global market can be segmented into automotive, UPS, industrial, energy storage, and others. Amongst them, UPS is to witness significant growth owing to the increased usage of AGM batteries for emergency backup applications for numerous commercial and industrial uses. UPS is among the major application of absorbent glass mat batteries used for backup applications in industries as well as in households. As AGM battery provides high current for short durations for the UPS system. Due to their properties such as low internal resistance, higher specific power & efficiency, low purchasing costs, and low self-discharge rate absorbent glass mats (AGM) are a preferred choice for UPS systems.

"Asia Pacific to witness significant growth during the forecast period"

Asia Pacific is expected to show the highest CAGR growth in the absorbent glass mat battery market. The growth of the market can be attributed to the presence of evolving countries such as; India, China, Japan, and others. Growing industrialization in China, increasing demand for advanced technology products, and penetration of global players in the region are expected to fuel demand for the absorbent glass mat (AGM) battery market. In addition, Japan has been recognized as another potent player in the region.

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• Deep dive regional level analysis of the industry.

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