Press release
Expanding Infrastructure Of Datacenters Fuels Growth In The Absorbent Glass Mat (AGM) Battery Market: A Key Factor Shaping the Future of the Absorbent Glass Mat (AGM) Battery Market in 2025
Absorbent Glass Mat (AGM) Battery Market Size
The growth of the absorbent glass mat (AGM) battery market is anticipated to be fuelled by the burgeoning infrastructure of data centers. Data centers are essentially physical spaces where data is stored and managed, which aids in the creation of new services and products, and the upkeep and repair of existing ones. The escalating demand for data storage, processing, and management, stimulated by the rise of digital services and cloud computing, is promoting the expansion of data center infrastructure. Data centers depend on AGM batteries due to their reliability, maintenance-free functionality, and speedy high-power delivery, qualities that are vital for backup and uninterrupted power supply (UPS). For example, Linklaters LLP, a law firm based in the UK, reported that as of May 2024, the global investment in data centers had touched $22 billion, following an exceptional year in 2023, with a generous $36 billion pumped into the sector. Therefore, it's evident that the growth of the AGM battery market is propelled by the increasing infrastructure of data centers.
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What is the projected compound annual growth rate (CAGR) of the absorbent glass mat (agm) battery market from 2025 to 2034, and what factors influence it?
In the preceding years, the market size for absorbent glass mat (AGM) batteries has noticeably expanded. The market is predicted to escalate from $13.83 billion in 2024 up to $14.48 billion in 2025, marking a compound annual growth rate (CAGR) of 4.7%. Several factors have driven this growth in the historic period, including a surging demand for portable power, growth in automotive applications, expansion in the renewable energy storage sector, telecommunication infrastructure development, stringent environmental regulations, and lead-acid battery recycling.
The market size for absorbent glass mat (AGM) batteries is predicted to witness a consistent growth in the coming years, reaching a value of $17.19 billion by 2029, with a compound annual growth rate (CAGR) of 4.4%. The projected growth during this period can be credited to factors such as the surge in electric cars, the expansion of industrial automation, robotics, data centers and cloud computing, the growth in renewable energy storage, worldwide economic development and urbanization. Future trends expected within this forecast period involve a rise in renewable energy integration, increase in home energy storage solutions, boosted demand from industrial sectors, growth in the military and aerospace industry, as well as the emergence of smart grid and energy management systems.
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How are the latest trends influencing the growth of the absorbent glass mat (agm) battery market?
Leading firms within the absorbent glass mat (AGM) battery landscape are working on the creation of advanced batteries, such as the dual AGM batteries. These strategies aim to improve performance, extend battery life, and meet the growing need for dependable and efficient power storage solutions. Dual AGM batteries are advancements in the AGM battery field, offering dual-purpose functions. For example, GS Yuasa Corporation, a battery manufacturer based out of Japan, launched two new marine dual AGM batteries in July 2023. These were the M24-AGM and M28-AGM, additions to their widely loved YBX Active Marine lineup. These batteries aim to cater to both starting and auxiliary power requirements of a variety of watercraft, including motorboats, sailboats, yachts, among others. They promise high performance and reliability. This breakthrough in battery technology is crafted to meet the specific requirements of the marine environment, bringing about heightened performance and reliability for watercraft owners and aficionados.
What are the major segments of the absorbent glass mat (agm) battery market and their role in driving growth?
The absorbent glass mat (AGM) battery market covered in this report is segmented -
1) By Type: Stationary, Motive
2) By Voltage: 2-4 Volts, 6-8 Volts, 12 Volts And Above
3) By Application: Automotive, UPS (Uninterruptible Power Supply), Industrial, Energy Storage, Other Applications
4) By End User: OEM (Original Equipment Manufacturers), Aftermarket
Subsegments:
1) By Stationary: Backup Power Systems (Uninterruptible Power Supplies - Ups), Renewable Energy Storage (Solar Or Wind Energy Systems), Telecom And Data Center Power Backup, Emergency Lighting Systems, Power Supply For Industrial Equipment, Grid Energy Storage Solutions
2) By Motive: Electric Vehicles (Evs), Golf Carts And Mobility Scooters, Forklifts And Warehouse Equipment, Marine Applications (Boats, Yachts), Recreational Vehicles (Rvs)
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Which regions are key players in the growth of the absorbent glass mat (agm) battery market?
Asia-Pacific was the largest region in the absorbent glass mat (AGM) battery market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the absorbent glass mat (AGM) battery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the absorbent glass mat (agm) battery market?
Major companies operating in the absorbent glass mat (AGM) battery market are Robert Bosch LLC, Universal Power Group, Camel Group Co. Ltd, Clarios, GS Yuasa International Ltd., Exide Technologies, East Penn Manufacturing Company, leoch International Technology Limited Inc, Hollingsworth and Vose, FIAMM Energy Technology S.p.A, C and D Technologies Inc., Shandong Sacred Sun Power Sources Co.ltd., HOPPECKE Batterien GmbH and Co. KG, CROWN BATTERY, Trojan Battery Company, Power Sonic Corporation, Mutlu Akü, Guangdong Dynavolt Power Technology, Surrette Battery's, Renogy, Battery Tender, Optima Batteries, Fullriver Battery, Vision Group SpA, Banner Batterien
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What Is Covered In The Absorbent Glass Mat (AGM) Battery Global Market Report?
•Market Size Forecast: Examine the absorbent glass mat (agm) battery market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the absorbent glass mat (agm) battery market for a structured understanding.
•Key Players Overview: Analyze major players in the absorbent glass mat (agm) battery market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the absorbent glass mat (agm) battery market.
•Segment Contributions: Evaluate how different segments drive overall growth in the absorbent glass mat (agm) battery market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the absorbent glass mat (agm) battery market.
•Industry Challenges: Identify potential risks and obstacles affecting the absorbent glass mat (agm) battery market.
•Competitive Landscape: Review strategic developments in the absorbent glass mat (agm) battery market, including expansions, agreements, and new product launches.
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