Steady Expansion Forecast for Absorbent Glass Mat (AGM) Battery Market, Projected to Reach $16.6 Billion by 2029

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Absorbent Glass Mat (AGM) Battery Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In the past few years, the absorbent glass mat (AGM) battery market has experienced consistent growth. The market size is projected to increase from $13.83 billion in 2024 to $14.3 billion in 2025, reflecting a compound annual growth rate (CAGR) of 3.4%. This growth during the historical period is linked to a rise in the demand for portable power, the growth of automotive applications, the expansion of renewable energy storage, the progression of telecommunications infrastructure, as well as 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 upcoming years, eventually reaching to $16.6 billion in 2029 with a compound annual growth rate (CAGR) of 3.8%. Several factors can account for this anticipated growth in the forecast period such as the proliferation of electric vehicles, escalation of industrial automation and robotics, the advent of data centers and cloud computing, expansion of renewable energy storage, worldwide economic development, and urbanization. Some key trends to be noted for the projected period include increased integration in renewable energy, surge in solutions for residential energy storage, growing demand in industrial sectors, advancement 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 growth of the absorbent glass mat (AGM) battery market is predicted to be propelled by the increasing infrastructure of data centres. A data centre is a physical location used for data storage and management, as well as the creation of new services and products and maintenance of existing ones. The growth of digital services and cloud computing is fueling the increase in demand for data storage, processing, and management, thus expanding data centre infrastructure. Data centres utilise absorbent glass mat (AGM) batteries due to their dependability, lack of maintenance requirements, and quick delivery of high power, which is essential for backup and uninterruptible power supplies (UPS). For example, UK-based legal firm Linklaters LLP reported that global investment in data centres reached $22 billion in the first five months of 2024, following an outstanding investment of $36 billion in 2023. Consequently, the escalating infrastructure of data centres is contributing to the expansion of the absorbent glass mat (AGM) battery market.

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What Long-Term Trends Will Define the Future of the Absorbent Glass Mat (AGM) Battery Market?
Leading businesses in the absorbent glass mat (AGM) battery industry are prioritizing the creation of improved batteries, such as dual AGM batteries. This is a strategy to boost performance, prolong functional life and satisfy the growing need for trustworthy and effective energy storage options. Dual AGM batteries are sophisticated absorbent glass mat (AGM) batteries that are engineered with dual-function capabilities. For example, in July 2023, GS Yuasa Corporation, a battery manufacturer based in Japan, launched two new marine dual AGM batteries, the M24-AGM and M28-AGM. This extended their well-liked YBX Active Marine range. These batteries are specifically designed to cater to both starting and auxiliary power requirements of motorboats, sailboats, yachts, and other maritime vessels, providing high-level performance and reliability. This forward-thinking battery solution caters specifically to the needs of the marine environment, delivering enhanced performance and dependability to 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 2024. 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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