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.

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.


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
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