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Absorbent Glass Mat Agm Battery Market
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Absorbent Glass Mat Agm Battery Market

Author: Chandra Mohan - Sr. Industry Consultant, Report ID - DS2405006, Published - November 2024

Segmented in Type (Deep Cycle, Dual Purpose, Starting Batteries), Voltage (6V, 12V, Others), Application and Regions - Global Industry Analysis, Size, Share, Trends, and Forecast 2023 – 2033

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Absorbent Glass Mat Agm Battery
Market Outlook

AGM batteries provide performance and longevity than regular lead acid batteries which makes them great for tough uses. The market for AGM in 2023 was worth about USD 12.5 billion with estimations to hit USD 19 billion by 2030 and possibly USD 25 billion by 2035 with a growth rate of 6.1% CAGR. The rise in this sector is fueled by the need for energy storage options in automobiles energy sources and UPS units along with a growing focus, on batteries that require minimal maintenance and are spill resistant.


AGM batteries utilize a fiberglass mat to soak up the solution to prevent leaks and improve resistance to impacts. They are frequently employed in situations that demand power delivery & dependability like automotive start stop mechanisms as well as uninterruptible power sources (UPS) and sustainable energy storage solutions - Offering a sturdy and hassle free energy storage alternative, across different industries.


Market Size Forecast & Key Insights

2018
$12.5B2023
2028
$22.7B2033

Absolute Growth Opportunity = $10.1B

The Absorbent Glass Mat Agm Battery market is projected to grow from $12.5 billion in 2023 to $22.7 billion in 2033. This represents a CAGR of 6.1%, reflecting rising demand across Automotive, Renewable Energy and UPS.

The Absorbent Glass Mat Agm Battery market is set to add $10.1 billion between 2023 and 2033, with manufacturer targeting Renewable Energy & UPS Application projected to gain a larger market share.

With Rising demand for maintenance-free batteries, and Increasing adoption in renewable energy storage, Absorbent Glass Mat Agm Battery market to expand 81% between 2023 and 2033.

Opportunities in the Absorbent Glass Mat Agm Battery Market

Development of Enhanced AGM Technology

Advancements in AGM technology related to grid configurations enhance performance and longevity; while also increasing AGM batteries market presence.

Expansion in Emerging Markets and Integration with Smart Energy Systems

Developing countries are more and more turning to AGM batteries for storing energy and using them in automotive. This trend is opening up opportunities, for growth.

AGM battery can be incorporated into energy setups to enhance energy control and effectiveness. This is particularly beneficial in UPS and sustainable energy scenarios.

Growth Opportunities in North America and Asia-Pacific

Asia Pacific Outlook

The Asia Pacific region is observing an increase in the adoption of AGMs (absorbent glass mat batteries) especially in the automotive and uninterruptible power supply (UPS) sectors. Major companies such as GS Yuasa and Leoch International are broadening their reach in these markets.

North America Outlook

North America AGM battery market is dominated by demand from the automotive and renewable energy industries. Key players, in this region include Johnson Controls and East Penn Manufacturing.

North America Outlook

North America AGM battery market is dominated by demand from the automotive and renewable energy industries. Key players, in this region include Johnson Controls and East Penn Manufacturing.

Asia-Pacific Outlook

The Asia Pacific region is observing an increase in the adoption of AGMs (absorbent glass mat batteries) especially in the automotive and uninterruptible power supply (UPS) sectors. Major companies such as GS Yuasa and Leoch International are broadening their reach in these markets.

Growth Opportunities in North America and Asia-Pacific

Established and Emerging Market's Growth Trend 2024–2033

1

Major Markets : United States, Germany, Japan, China, United Kingdom are expected to grow at 4.0% to 5.9% CAGR

2

Emerging Markets : India, Brazil, South Africa are expected to grow at 7.0% to 8.4% CAGR

Market Analysis Chart

The market for AGM batteries is influenced by the demand for power solutions that require low maintenance and improvements in storing renewable energy; however high expenses and restricted deep cycle abilities present obstacles to overcome.There are chances for growth in developing markets well as through technological advancements and the incorporation of these batteries into smart energy systems.

Recent Developments and Technological Advancement

October 2024

Exide Technologies unveiled a cutting edge high capacity AGM battery specifically designed for use, in energy and UPS systems.

August 2024

Trojan Battery introduced a deep cycle model to its AGM lineup, designed for industrial and commercial applications.

April 2024

A marine grade AGM battery, introduced by Deka to improve longevity, in challenging conditions.

Advancements in AGMs are now geared towards offering capacity and tailored solutions for specific uses. Exide's high capacity AGMs meet the demand for energy solutions and Trojan Battery's deep cycle model is designed for industrial purposes. Dekas marine grade AGMs highlight the need for power in marine settings.

Impact of Industry Transitions on the Absorbent Glass Mat Agm Battery Market

As a core segment of the Battery industry, the Absorbent Glass Mat Agm Battery market develops in line with broader industry shifts. Over recent years, transitions such as Shift Toward High-Capacity AGM Batteries and Increased Use in Marine and Recreational Vehicles have redefined priorities across the Battery sector, influencing how the Absorbent Glass Mat Agm Battery market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.

1

Shift Toward High-Capacity AGM Batteries:

AGMs with high capacity are becoming more popular in industrial and renewable energy sectors due, to their long lasting performance and dependable nature.

2

Increased Use in Marine and Recreational Vehicles:

AGM batteries are a fit for RVs and boats due, to their long lasting performance and hassle free upkeep.

Global Events Shaping Future Growth

The chart below highlights how external events including emerging market developments, regulatory changes, and technological disruptions, have added another layer of complexity to the Battery industry. These events have disrupted supply networks, changed consumption behavior, and reshaped growth patterns. Together with structural industry transitions, they demonstrate how changes within the Battery industry cascade into the Absorbent Glass Mat Agm Battery market, setting the stage for its future growth trajectory.

Market Dynamics and Supply Chain

Driver: Rising Demand for Maintenance-Free Batteries, and Enhanced Efficiency of Start-Stop Systems

AGM batteries are also perfect for application like automotive and renewable energy due to their spill proof and low maintenance attributes.
The move of the sector towards quick start-stop technology has also led to an increased need, for AGM batteries that offer strong power and fast recharging capabilities.
The rise, in popularity of energy storage systems is also driving the need for AGM batteries to support dependable energy storage and ensure grid stability.

Restraint: High Production Costs, and Limited Capacity for High-Cycle Applications

The expense of manufacturing AGM batteries using high quality materials may restrict their accessibility to industries.
AGM might not be as efficient as lithium ion options for tasks that involve deep cycling. This limitation can narrow down their suitability for few applications.

Challenge: Availability of Low-Cost Alternatives

Traditional flooded lead-acid batteries are less expensive, making them competitive with AGM in certain markets.

Supply Chain Landscape

Lead Supplier

Doe Run Company

Exide Technologies

Separator Manufacturer

Hollingsworth & Vose

Microporous

[Produces separators to absorb electrolytes and prevent leaks]

Battery Manufacturer
Johnson Controls / East Penn Manufacturing
End-User
Automotive / Industrial / Renewable energy / [Tesla, Toyota, Schneider Electric]
Lead Supplier

Doe Run Company

Exide Technologies

Separator Manufacturer

Hollingsworth & Vose

Microporous

[Produces separators to absorb electrolytes and prevent leaks]

Battery Manufacturer

Johnson Controls

East Penn Manufacturing

End-User

Automotive

Industrial

Renewable energy

[Tesla, Toyota, Schneider Electric]

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Elevate your strategic vision with in-depth analysis of key applications, leading market players, and their strategies. The report analyzes industry leaders' views and statements on the Absorbent Glass Mat Agm Battery market's present and future growth.

Our research is created following strict editorial standards. See our Editorial Policy

Applications of Absorbent Glass Mat Agm Battery in Renewable Energy, UPS and Automotive

Renewable Energy

AGM batteries play a key role in storing renewable energy for systems and balancing energy usage effectively. Trojan Battery and Discover Battery are among the leading suppliers, for renewable energy projects.

UPS

AGM batteries play a role in maintaining uninterrupted power for essential infrastructure by offering backup power during emergencies. Eaton and Schneider Electric are renowned, for their AGM batteries used in UPS systems.

Automotive

AGM batteries are utilized in vehicles to improve fuel efficiency and reduce emissions through start stop systems integration with key industry leaders being Johnson Controls and Exide Technologies, in the automotive AGM battery segment.

Absorbent Glass Mat Agm Battery vs. Substitutes:
Performance and Positioning Analysis

AGM are great for uses, thanks to their spill proof design and maintenance free feature even though there are other options like flooded lead acid and lithium ion batteries out there, in the market. These Alternatives specially Solid State Battery has experienced a rapid growth as detailed in our latest report.

Absorbent Glass Mat Agm Battery
  • Flooded Lead Acid Battery /
  • Gel Battery /
  • Lithium Ion Battery /
  • Solid State Battery
    Maintenance-Free and Spill-Proof
    Higher Cost and Limited Deep Cycle Capability
    Affordable and Readily Available
    Requires Frequent Maintenance and Replacement

Absorbent Glass Mat Agm Battery vs. Substitutes:
Performance and Positioning Analysis

Absorbent Glass Mat Agm Battery

  • Maintenance-Free and Spill-Proof
  • Higher Cost and Limited Deep Cycle Capability

Flooded Lead Acid Battery / Gel Battery / Lithium Ion Battery / Solid State Battery

  • Affordable and Readily Available
  • Requires Frequent Maintenance and Replacement

AGM are great for uses, thanks to their spill proof design and maintenance free feature even though there are other options like flooded lead acid and lithium ion batteries out there, in the market. These Alternatives specially Solid State Battery has experienced a rapid growth as detailed in our latest report.

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Research Methodology

This market research methodology defines the Absorbent Glass Mat Agm Battery market scope, gathers reliable data, and validates findings using integrated primary and secondary research. Our systematic framework ensures precise market sizing, growth trend analysis, and competitive benchmarking.


Secondary Research Approach


We begin secondary research by defining the targeted market at macro and micro levels. As part of the Battery ecosystem, we analyze Absorbent Glass Mat Agm Battery across Automotive, Renewable Energy, and UPS Applications. Our team gathers data systematically from country level ministerial sources, industry associations & federations, trade databases, company annual & quarterly reports and other credential sources, enabling us to map global and regional market size, pricing trends, regulatory standards, and technology advancements.



Key Sources Referenced:

Statistical Review of World Energy - Energy Institute

EIA / EIA STEO / IEA

JODI data

UN Data

IRENA - Renewable Energy

JRC - Europe Power Plants

US Power Sector - Form 860

Annual Reports / Industry Magazines / Country Level Ministerial Sources

We benchmark competitors such as Johnson Controls, Exide Technologies, and East Penn Manufacturing by reviewing company financial statements, and regulatory filings. Our secondary insights identify key market drivers and constraints, forming the analytical foundation for primary research.


Primary Research Methods


We conduct structured interviews and surveys with industry stakeholders, including Lead Supplier, Separator Manufacturer, and Battery Manufacturer. Our geographic coverage spans Americas (40%), Europe (30%), Asia-Pacific (25%) and Middle East & Africa (5%). Our online surveys generally achieve a response rate of above 65%, and telephone interviews yield 60%, resulting in above 92% confidence level with a ±7% margin of error.


Through targeted questionnaires and in-depth interviews, we capture purchase intent, adoption barriers, brand perception across Segment Type. We use interview guides to ensure consistency and anonymous survey options to mitigate response bias. These primary insights validate secondary findings and align market sizing with real-world conditions.


Market Engineering & Data Analysis Framework


Our data analysis framework integrates Top-Down, Bottom-Up, and Company Market Share approaches to estimate and project market size with precision.


Top-down & Bottom-Up Process


In Top-down approach, we disaggregate global Battery revenues to estimate the Absorbent Glass Mat Agm Battery segment, using historical growth patterns to set baseline trends. Simultaneously, in Bottom-up approach, we aggregate Country-Level Demand Data to derive regional and global forecasts, which provide granular consumption insights. By reconciling both approaches, we ensure statistical precision and cross-validation accuracy.


We evaluate the supply chain, spanning Lead Supplier (Doe Run Company, Exide Technologies), Separator Manufacturer (Hollingsworth & Vose, Microporous), and Battery Manufacturer. Our parallel substitute analysis examines Flooded Lead Acid Battery, Gel Battery, and Lithium Ion Battery, highlighting diversification opportunities and competitive risks.


Company Market Share & Benchmarking


We benchmark leading companies such as Johnson Controls, Exide Technologies, and East Penn Manufacturing, analyzing their capabilities in pricing, product features, technology adoption, and distribution reach. By assessing company-level revenues and product portfolios, we derive market share comparisons, clarifying competitive positioning and growth trajectories across the ecosystem.


Our integration of data triangulation, supply chain evaluation, and company benchmarking, supported by our proprietary Directional Superposition methodology enables us to deliver precise forecasts and actionable strategic insights into the Absorbent Glass Mat Agm Battery market.


Quality Assurance and Compliance


We cross-reference secondary data with primary inputs and external expert reviews to confirm consistency. Further, we use stratified sampling, anonymous surveys, third-party interviews, and time-based sampling to reduce bias and strengthen our results.


Our methodology is developed in alignment with ISO 20252 standards and ICC/ESOMAR guidelines for research ethics. The study methodology follows globally recognized frameworks such as ISO 20252 and ICC codes of practice.

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Absorbent Glass Mat Agm Battery Market Data: Size, Segmentation & Growth Forecast

Report AttributeDetails
Market Value in 2024USD 13.3 billion
Revenue Forecast in 2033USD 22.7 billion
Growth RateCAGR of 6.1% from 2024 to 2033
Base Year for Estimation2023
Industry Revenue 202312.5 billion
Growth OpportunityUSD 10.1 billion
Historical Data2018 - 2022
Growth Projection / Forecast Period2024 - 2033
Market Size UnitsMarket Revenue in USD billion and Industry Statistics
Market Size 202312.5 billion USD
Market Size 202615.0 billion USD
Market Size 202816.9 billion USD
Market Size 203019.0 billion USD
Market Size 203322.7 billion USD
Market Size 203525.5 billion USD
Report CoverageMarket revenue for past 5 years and forecast for future 10 years, Competitive Analysis & Company Market Share, Strategic Insights & trends
Segments CoveredType, Voltage, Application
Regional scopeNorth America, Europe, Asia Pacific, Latin America and Middle East & Africa
Country scopeU.S., Canada, Mexico, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, UAE and South Africa
Companies ProfiledJohnson Controls, Exide Technologies, East Penn Manufacturing, Discover Battery, Deka, Trojan Battery, Odyssey, EnerSys, Optima Batteries, Leoch International, GS Yuasa and Power Sonic
CustomizationFree customization at segment, region or country scope and direct contact with report analyst team for 10 to 20 working hours for any additional niche requirement which is almost equivalent to 10% of report value

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Table of Contents

Industry Insights Report - Table Of Contents

Chapter 1

Executive Summary

Major Markets & Their Performance - Statistical Snapshots

Chapter 2

Research Methodology

2.1Axioms & Postulates
2.2Market Introduction & Research MethodologyEstimation & Forecast Parameters / Major Databases & Sources
Chapter 3

Market Dynamics

3.1Market OverviewDrivers / Restraints / Opportunities / M4 Factors
3.2Market Trends
3.2.1Introduction & Narratives
3.2.2Market Trends - Impact Analysis(Short, Medium & Long Term Impacts)
3.3Supply Chain Analysis
3.4Porter's Five ForcesSuppliers & Buyers' Bargaining Power, Threat of Substitution & New Market Entrants, Competitive Rivalry
Chapter 4

Absorbent Glass Mat Agm Battery Market Size, Opportunities & Strategic Insights, by Type

4.1Deep Cycle
4.2Dual Purpose
4.3Starting Batteries
Chapter 5

Absorbent Glass Mat Agm Battery Market Size, Opportunities & Strategic Insights, by Voltage

5.16V
5.212V
5.3Others
Chapter 6

Absorbent Glass Mat Agm Battery Market Size, Opportunities & Strategic Insights, by Application

6.1Automotive
6.2Renewable Energy
6.3UPS
6.4Marine
6.5Industrial
Chapter 7

Absorbent Glass Mat Agm Battery Market, by Region

7.1North America Absorbent Glass Mat Agm Battery Market Size, Opportunities, Key Trends & Strategic Insights
7.1.1U.S.
7.1.2Canada
7.2Europe Absorbent Glass Mat Agm Battery Market Size, Opportunities, Key Trends & Strategic Insights
7.2.1Germany
7.2.2France
7.2.3UK
7.2.4Italy
7.2.5The Netherlands
7.2.6Rest of EU
7.3Asia Pacific Absorbent Glass Mat Agm Battery Market Size, Opportunities, Key Trends & Strategic Insights
7.3.1China
7.3.2Japan
7.3.3South Korea
7.3.4India
7.3.5Australia
7.3.6Thailand
7.3.7Rest of APAC
7.4Middle East & Africa Absorbent Glass Mat Agm Battery Market Size, Opportunities, Key Trends & Strategic Insights
7.4.1Saudi Arabia
7.4.2United Arab Emirates
7.4.3South Africa
7.4.4Rest of MEA
7.5Latin America Absorbent Glass Mat Agm Battery Market Size, Opportunities, Key Trends & Strategic Insights
7.5.1Brazil
7.5.2Mexico
7.5.3Rest of LA
7.6CIS Absorbent Glass Mat Agm Battery Market Size, Opportunities, Key Trends & Strategic Insights
7.6.1Russia
7.6.2Rest of CIS
Chapter 8

Competitive Landscape

8.1Competitive Dashboard & Market Share Analysis
8.2Company Profiles (Overview, Financials, Developments, SWOT)
8.2.1Johnson Controls
8.2.2Exide Technologies
8.2.3East Penn Manufacturing
8.2.4Discover Battery
8.2.5Deka
8.2.6Trojan Battery
8.2.7Odyssey
8.2.8EnerSys
8.2.9Optima Batteries
8.2.10Leoch International
8.2.11GS Yuasa
8.2.12Power Sonic