Absorbent Glass Mat Battery Market Forecasts to 2030 - Global Analysis By Type, Design (Sealed Lead Acid and Valve Regulated Lead Acid ), Voltage, Distribution Channel, End User and By Geography

According to Stratistics MRC, the Global Absorbent Glass Mat (AGM) Battery Market is accounted for $10.08 billion in 2024 and is expected to reach $15.68 billion by 2030 growing at a CAGR of 8.7% during the forecast period. An Absorbent Glass Mat (AGM) battery is a type of lead-acid battery where the electrolyte is absorbed into a glass mat separator between the battery plates. This design allows for a more compact and spill-proof battery that can operate in various orientations. AGM batteries offer improved charge efficiency, faster recharging, and greater vibration resistance compared to traditional flooded lead-acid batteries. They are commonly used in applications such as automotive starting, backup power, and renewable energy systems due to their reliability and maintenance-free nature.

According to a 2021 report by the United Nations Environmental Programme (UNEP), the global stock of lithium-ion batteries stemming from electric vehicles and consumer electronics will grow to over 30 million metric tons by 2030.

Market Dynamics:

Driver:

Increasing demand for reliable power sources

As industries and consumers seek dependable power for automotive, backup systems, and renewable energy applications, AGM batteries' attributes-such as spill-proof design, durability, and consistent power delivery-become highly valued. This heightened demand fosters market expansion by encouraging manufacturers to innovate and improve AGM battery technologies. Additionally, growing reliance on backup power systems during emergencies and outages further propels AGM battery adoption, boosting market growth.

Restraint:

Limited cycle life

AGM batteries have a limited cycle life due to the inherent chemical and physical constraints of lead-acid technology. This limitation hampers market growth as users may prefer longer-lasting alternatives like lithium-ion batteries, which offer superior cycle life and performance. Consequently, the relatively shorter lifespan of AGM batteries can lead to higher replacement costs and reduced appeal in applications requiring frequent cycling or extended battery life.

Opportunity:

Rising electric vehicle (EV) adoption

AGM batteries are used in EVs for starting, auxiliary power, and energy storage due to their spill-proof design, fast charging capabilities, and durability. As more consumers and manufacturers focus on EVs, the need for AGM batteries in supporting various vehicle functions grows. Additionally, the expansion of EV infrastructure and government incentives for clean energy contributes to the increased utilization of AGM batteries, driving market growth in this sector.

Threat:

Competition from alternative technologies

Competition from alternative technologies, such as lithium-ion batteries, hampers the growth of the AGM battery market by offering superior performance characteristics, including longer cycle life, lighter weight, and higher energy density. These advanced technologies are increasingly preferred for applications like electric vehicles and renewable energy systems due to their efficiency and longer lifespan. As a result, AGM batteries face reduced demand and market share as consumers and manufacturers opt for these more advanced and cost-effective alternatives.

Covid-19 Impact

The covid-19 pandemic impacted the absorbent glass mat (AGM) battery market by disrupting supply chains and manufacturing processes, leading to delays and shortages. Reduced automotive and industrial activities during lockdowns decreased AGM battery demand. However, increased reliance on backup power systems and renewable energy during the pandemic boosted market interest. As recovery progressed, demand rebounded with growing needs in electric vehicles and renewable energy sectors, partially offsetting the initial negative effects.

The standard AGM batteries segment is expected to be the largest during the forecast period

The standard AGM batteries segment is anticipated to register the largest market share during the forecast period. Standard AGM batteries are a type of lead-acid battery where the electrolyte is absorbed in a glass mat separator, making them spill-proof and maintenance-free. They offer reliable power, fast recharging, and durability, suitable for various applications including automotive, marine, and backup power systems. They are known for their resistance to vibration and deep discharge capabilities, providing stable performance under diverse conditions. They are favoured for their ease of use and long service life.

The renewable energy segment is expected to have the highest CAGR during the forecast period

The renewable energy segment is anticipated to witness the highest CAGR during the forecast period. In renewable energy applications, AGM batteries provide reliable energy storage due to their high efficiency and maintenance-free design. They are used to store energy generated from solar or wind systems, ensuring a consistent power supply even when renewable sources are intermittent. AGM batteries offer robust performance with good cycle life and resistance to vibration, making them suitable for off-grid and backup power systems. Their compact, sealed design also supports ease of installation and safety in various settings.

Region with largest share:

The absorbent glass mat (AGM) battery market in the Asia-Pacific region is expected to have a largest share driven by increasing automotive production, rising adoption of renewable energy systems, and expanding backup power applications. The region's booming electric vehicle industry and infrastructural development projects further stimulate demand for AGM batteries due to their reliability and maintenance-free features. Additionally, government initiatives promoting clean energy and technological advancements in battery performance are contributing to market expansion across key countries like China, Japan, and India.

Region with highest CAGR:

In North America, the absorbent glass mat (AGM) battery market is thriving due to robust automotive and renewable energy sectors. The region's growing demand for reliable and maintenance-free power sources in electric vehicles, backup power systems, and off-grid applications fuels market growth. Advances in battery technology and increasing awareness of environmental benefits also drive adoption. The market is supported by a strong infrastructure for manufacturing and recycling, as well as government incentives promoting clean energy and advanced battery technologies.

Key players in the market

Some of the key players profiled in the Absorbent Glass Mat (AGM) Battery Market include Johnson Controls International PLC, Exide Technologies, LG Chem, Enersys, Panasonic, Apex Battery, Hitachi Chemical Company, East Penn Manufacturing Corporation, C&D Technologies Inc., VARTA AG, Daimler AG, GS Yuasa Corporation, Trojan Battery Company, Ritar Power, Shenzhen NPP Power Corporation, Yuasa Battery Inc. and Saft Batteries.

Key Developments:

In July 2024, Exide Industries Ltd launched a new generation of Absorbent Glass Mat (AGM) batteries designed specifically for the starting, lighting, and ignition (SLI) segment. By introducing this advanced AGM battery, Exide Industries Ltd aims to strengthen its position in the automotive battery market and cater to the increasing demand for high-performance and reliable battery solutions.

In January 2023, Johnson Controls International introduced a new Absorbent Glass Mat (AGM) battery specifically designed for electric vehicles (EVs). The battery incorporates advanced technology to support faster and more efficient charging, reducing downtime and enhancing the overall convenience for EV users.

Types Covered:

• Standard AGM Batteries
• Enhanced AGM Batteries

Designs Covered:

• Sealed Lead Acid (SLA)
• Valve Regulated Lead Acid (VRLA)

Voltages Covered:

• 6V
• 12V
• 24V
• Other Voltages

Distribution Channels Covered:

• Direct Sales
• Distributors/Wholesalers
• Retailers
• Other Distribution Channels

End User Covered:

• Automotive
• Industrial
• Renewable Energy
• Consumer Electronics
• Marine
• Telecommunications
• Healthcare
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances