Absorbent Glass Mat Battery Market Size, Demand, Share, Industry Trends, Growth Status and Forecast 2031

The global absorbent glass mat battery market revenue was around US$ 11.9 billion in 2021 and is estimated to reach US$ 19.9 billion by 2031, growing at a compound annual growth rate (CAGR) of 5.4% during the forecast period from 2022 to 2031.

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Absorbent Glass Mat or AGM is a modern lead-acid battery, that offers improved power to support the increased electrical needs of today's cars and start-stop applications. It is widely employed in many industries, including the automobile, military, UPS, energy storage, and others. Now employed in common cars and trucks, they were used to power military vehicles, motorcycles, submarines, and aircraft.

Factors Influencing Market Growth

Benefits like strong electrical dependability and deep-cycling capacity and the simple recycling of these batteries drive the market growth.

The rise in digitization and the availability of various data on the internet has increased the demand for data centers to optimize various critical data. This will create several opportunities for the growth of the absorbent glass mat batteries market.

Consumers' increasing choice for more efficient options for energy storage may hamper the market growth.

Study of the COVID-19 Pandemic

The COVID-19 pandemic had a negative impact on the market. Due to the government enacted a lockdown, production plants were halted. However, social isolation and WFH rules around the world, the residential sector noticed a strong installation demand for uninterrupted power supply (UPS) systems. Many power plants and substations were operating with limited labor resulting in frequent power outages.

As a result, the industrial sector increased its demand for UPS systems, which was reflected in the market. Growth in demand for energy storage devices and UPS systems across some industries boosted the market growth.

After the pandemic crisis, governments in many different nations made investments in the production of renewable energy, such as solar power plants, which raised the need for absorbent glass mat batteries through energy storage devices.

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Regional Insights

North America dominated the absorbent glass mat battery market. The development of the U.S. electric car industry has been actively promoted by the American government. Colocation facilities and data center service providers can be found in this region, but mainly in the U.S. because of the nation's increasing need for uninterrupted energy supply and the rapid investment in data center facility building. Canada and the United States have begun to invest in the development of solar-powered renewable energy generation plants.

Leading Competitors
The leading competitors in the global absorbent glass mat battery market are:
Clarios
Exide Technologies
Universal Power Group
EnerSys
East Penn Manufacturing Company
Yusa Group
Flamm Energy Technology
Robert Bosch GmbH
Duracell Battery Company
Johnson Controls International plc
MK Battery
Power Sonic Corporation
Others
Segmentation Analysis
The global absorbent glass mat battery market segmentation focuses on Type, Voltage Range, End Use, Application, and Region.
Segmentation based on Type
Stationary
Motive
Segmentation based on Voltage Range
2?4 Volts
6?8 Volts
12 Volts and above
Segmentation based on End Use
OEM
Aftermarket

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Segmentation based on Application
Automotive
? Motor Vehicle
? Motorcycle
? Others
UPS
Industrial
Energy Storage
Others
Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific

Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA

South America
Brazil
Argentina
Rest of South America

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Table of Content

Chapter 1: Global Absorbent Glass Mat Battery Industry Overview

Chapter 3: Market Dynamics

Chapter 4: Top Company Profiles

Chapter 5: Global Absorbent Glass Mat Battery market Competition, by Players

Chapter 6: Global Market Size by Regions

Chapter 7: Global Market Segment by Application

Chapter 8: Global Absorbent Glass Mat Battery Industry Segment by Type

Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers

Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders

Chapter 11: Key Marketing Strategy Analysis, by Market Vendors

Chapter 12: Market Effect Factors Analysis

Chapter 13: Global Absorbent Glass Mat Battery market Size Forecast (2023-2031).

Continue….

Reasons to Buy This Report

(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.

(B) The report offers comprehensive analysis of Absorbent Glass Mat Battery market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.

(C) The research includes segmentation of the Absorbent Glass Mat Battery market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.

(D) Analysis of the Absorbent Glass Mat Battery market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.

(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.

(F) The study helps evaluate Absorbent Glass Mat Battery business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.

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