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Expanding Infrastructure Of Datacenters Fuels Growth In The Absorbent Glass Mat (AGM) Battery Market: Key Factor Driving The Growth In The Absorbent Glass Mat (AGM) Battery Market
Absorbent Glass Mat (AGM) Battery
What Is the Expected Absorbent Glass Mat (AGM) Battery Market Size During the Forecast Period?
The absorbent glass mat (AGM) battery market has shown steady expansion and is expected to grow from $13.83 billion in 2024 to $14.48 billion in 2025 at a CAGR of 4.7%. Key drivers include rising demand for mobile power, automotive use, renewable energy storage, telecom growth, and environmental compliance.
The absorbent glass mat (AGM) battery market is expected to expand moderately, hitting $17.19 billion by 2029 at a CAGR of 4.4%. Factors include the EV boom, robotics, automation, cloud computing, and global urbanization. Trends include renewable energy applications, residential storage systems, industrial demand, aerospace and defense usage, and smart energy grid integration.
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What Are the High-Growth Segments in the Absorbent Glass Mat (AGM) Battery Market?
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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What Key Drivers Are Expected to Influence Future Absorbent Glass Mat (AGM) Battery Market Growth?
The absorbent glass mat (AGM) battery market is anticipated to grow as data center infrastructure expands due to growing digital service needs and cloud computing demands. AGM batteries offer reliable backup power for data centers. In May 2024, Linklaters LLP reported that global data center investment hit $22 billion in the first five months of 2024, building on the $36 billion invested in 2023, driving market growth.
Which Companies Hold the Largest Share Across Different Absorbent Glass Mat (AGM) Battery Market Segments?
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
What Trends Are Driving Growth in The Absorbent Glass Mat (AGM) Battery Market?
In the absorbent glass mat (AGM) battery market, companies are launching products like dual AGM batteries to meet power and durability demands. For example, in July 2023, GS Yuasa Corporation released the M24-AGM and M28-AGM batteries under the YBX Active Marine range, serving both startup and auxiliary needs for marine vessels.
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What Are the Emerging Geographies for The Absorbent Glass Mat (AGM) Battery Market Growth?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Absorbent Glass Mat (AGM) Battery Market?
2. What is the CAGR expected in the Absorbent Glass Mat (AGM) Battery Market?
3. What Are the Key Innovations Transforming the Absorbent Glass Mat (AGM) Battery Industry?
4. Which Region Is Leading the Absorbent Glass Mat (AGM) Battery Market?
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