Press release
Expanding Infrastructure Of Datacenters Fuels Growth In The Absorbent Glass Mat (AGM) Battery Market: A Key Catalyst Accelerating Absorbent Glass Mat (AGM) Battery Market Growth in 2025
Absorbent Glass Mat (AGM) Battery
Absorbent Glass Mat (AGM) Battery Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market for absorbent glass mat (AGM) batteries has been experiencing steady expansion in recent years. Its size is projected to escalate from $13.83 billion in 2024 to $14.48 billion in 2025, with a compound annual growth rate (CAGR) of 4.7%. The escalation witnessed in the historical period is a result of the rising demand for portable power sources, the growth in automotive applications, the widening of renewable energy storage, growth in telecommunications infrastructure, environmental regulations, and the recycling of lead-acid batteries.
Absorbent Glass Mat (AGM) Battery Market Size Forecast: What's the Projected Valuation by 2029?
The market size of the absorbent glass mat (AGM) battery is projected to experience consistent expansion in the forthcoming years, reaching a valuation of $17.19 billion by 2029, with a compounded annual growth rate (CAGR) of 4.4%. Diverse factors such as the expansion of electric vehicles, advancements in industrial automation and robotics, proliferation of data centers and cloud computing, growth of renewable energy storage, global economic development, and urbanization, are deemed to be drivers of this growth during the forecast period. Key emerging trends within the same timeframe are anticipated to include, escalation of renewable energy integration, swell in home energy storage solutions, increased demand in various industrial applications, growth in the military and aerospace sector, and the development of smart grid and energy management systems.
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What Are the Drivers Transforming the Absorbent Glass Mat (AGM) Battery Market?
The absorbent glass mat (AGM) battery market is anticipated to experience growth, fueled by the expanding data center infrastructure network. Data centers are physical spaces dedicated to the storage and management of data, and are crucial for product and service development, as well as maintenance and repair. The steady increase of this infrastructure is spurred by rising data storage, processing, and management needs, attributed to the rise in digital services and cloud computing. AGM batteries are the top choice for these data centers due to their reliability, zero maintenance requirements, and high-power delivery essential for back up and uninterruptible power supplies (UPS). For example, Linklaters LLP, a UK law firm, revealed in May 2024 that the global investment in data centers had reached $22 billion in just the first five months of the year. This builds on the impressive $36 billion investment of 2023. In conclusion, the growth of the AGM battery market is being powered by the rapidly expanding data center infrastructure.
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What Long-Term Trends Will Define the Future of the Absorbent Glass Mat (AGM) Battery Market?
Key players in the absorbent glass mat (AGM) battery market are concentrating their efforts on producing advanced batteries such as dual AGM batteries to improve performance, increase longevity, and satisfy the growing need for dependable and efficient energy storage solutions. Dual AGM batteries are cutting-edge AGM batteries equipped with dual-functionality. In July 2023, for instance, GS Yuasa Corporation, a battery production company based in Japan, unveiled two new marine dual AGM batteries-the M24-AGM and M28-AGM-thus extending their well-received YBX Active Marine series. These batteries have been designed to cater to both starter and auxiliary power requirements of motorboats, sailboats, yachts, and similar water vessels, delivering excellent performance and dependability. This cutting-edge battery solution is customised to meet the unique needs of the marine atmosphere, providing enhanced performance and reliability for boat owners and enthusiasts.
Which Segments in the Absorbent Glass Mat (AGM) Battery Market Offer the Most Profit Potential?
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 Firms Dominate the Absorbent Glass Mat (AGM) Battery Market by Market Share and Revenue in 2025?
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
Which Regions Offer the Highest Growth Potential in 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.
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