Product Code: A31352
The global absorbent glass mat battery market size was valued at $11.6 billion in 2021, and projected to reach $19.5 billion by 2031, with a CAGR of 5.4% from 2022 to 2031.
AGM or Absorbent Glass Mat is an advanced lead-acid battery that provides superior power to support the higher electrical demands of today's vehicles and start-stop applications. AGM batteries are extremely resistant to vibration, are totally sealed, nonspillable and maintenance-free. AGM batteries are a great premium choice for high-end and advanced fuel-efficient vehicles with large power demands, and for people who seek greater reliability and longer life in auto batteries. Electronic features such as DVD players, GPS, heated seats and audio systems all add to the demands on a battery. AGM batteries are also the preferred solution for start-stop vehicle technology, which rapidly gained popularity in Europe and entered the U.S. market in model-year 2013 vehicles.
Start-stop vehicle technology automatically shuts off the engine when vehicle stops, such as at a traffic light or in stop-and-go traffic, and restarts it quickly and quietly when the clutch is engaged or the brake pedal is released. When the engine is off, the battery is the sole source of power to all the car's electrical devices, such as air conditioning, the radio and the navigation system. And, in advanced start-stop systems with features such as regenerative braking or passive boost where battery is stressed.
The growth of this market is expected to be driven by the presence of various advantages of AGM batteries such as their maintenance free & non-spillable nature, upsurge in renewable energy investments, increase in demand for energy storage solutions for high-current applications such as UPS, and easy recycling of AGM batteries as compared to lithium-ion batteries.
Energy storage is the capture of energy produced at one time for use at a later time to reduce imbalances between energy demand and energy production. A device that stores energy is generally called a battery. Increase in utilization of renewable energy resources across the globe have led to increase in demand for batteries. Rise in demand for grid energy storage systems owing to ongoing grid modernization, growth in penetration of batteries in renewable energy sector, and rise in trend of adopting low-carbon and less fossil fuel-based economy and ongoing renewable energy revolution have positive impact on the market growth. The presence of high capital expenditure required for installing battery energy storage systems is also propelling the market growth. Surge in number of rural electrification projects worldwide, increase in need for continuous power supply attributed to rise in number of data centers, and decrease in prices of lead acid batteries are expected to drive the development of the market.
Europe also accounted for a significant share of the global market revenue in 2021. Batteries play a crucial part in the energy storage systems and are responsible for around 60% of the total cost of the system. However, batteries are expected to account for only a small portion of the total installed storage capacity. According to the UK government, exemptions will be offered in energy storage, solar PV, and other clean energy technologies to increase their adoption across commercial and industrial sectors. Rise in deployment of battery energy storage systems (BESS) along with growth in technological advancements are expected to boost the battery energy storage industry. On the other hand, the market in Asia-Pacific is estimated to register fastest growth rate over the forecast period.
The absorbent glass mat battery market is segmented on the basis of by type, voltage range, end-use, application and region. On the basis of type, it is segmented into stationary and motive. On the basis of voltage range, the market is segmented into 2-4 volts, 6-8 volts, and 12 volts and above. On the basis of end-use, the market is segmented into OEM and aftermarket. In addition, on the basis of application, the global absorbent glass mat battery market is segmented into automotive, UPS, industrial, energy storage, and others. Furthermore, the automotive segment is further classified into motor vehicle, motorcycle, and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, North America accounts for the largest share of the market, followed by Asia-Pacific and Europe.
Impact of COVID-19 on Global Absorbent Glass Mat Battery Market
The outbreak of COVID-19 has adversely impacted the market in the first half of 2020 credited to the closure of manufacturing plants during the lockdown period. Due to social distancing and WFH norms across the world, the residential sector observed high installation demand for uninterrupted power source (UPS) systems. Many power plants and substations were working with a limited workforce, resulting in frequent power outages. Owing to this, the market registered an upsurge in demand for UPS systems from the industrial sector. The presence of upsurge for UPS systems and energy storage devices in various sectors has boosted the development of the market.
Post pandemic crisis, the government of various countries across the globe has invested in the renewable power generation such as solar power plant, which has increased the demand for absorbent glass mat battery through energy storage devices. Furthermore, the breakthrough in various technologies which are used in the optimization of absorbent glass mat battery for solar systems, UPS systems, and energy storage devices is also another factor which led to surge in absorbent glass mat battery industry.
Competitive Landscape
The major companies profiled in this report include Clarios, Exide Technologies, Universal Power Group, EnerSys, East Penn Manufacturing Company, Yusa Group, Flamm Energy Technology, Robert Bosch GmbH, Duracell, Johnson Controls, MK Battery, and Power Sonic Corporation. Additional growth strategies such as expansion of storage capacities, acquisition, partnership and research & innovation in the customized battery technologies for solar system have led to attain key developments in the global absorbent glass mat battery market trends.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the absorbent glass mat battery market analysis from 2021 to 2031 to identify the prevailing absorbent glass mat battery market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the absorbent glass mat battery market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global absorbent glass mat battery market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
By Voltage Range
- 2-4 Volts
- 6-8 Volts
- 12 Volts and above
By End Use
By Application
- Automotive
- Type
- Motor Vehicle
- Motorcycle
- Others
- UPS
- Industrial
- Energy Storage
- Others
By Region
- North America
- Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest Of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest Of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest Of LAMEA
- Key Market Players
- 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
TABLE OF CONTENTS
CHAPTER 1:INTRODUCTION
- 1.1.Report description
- 1.2.Key market segments
- 1.3.Key benefits to the stakeholders
- 1.4.Research Methodology
- 1.4.1.Secondary research
- 1.4.2.Primary research
- 1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
- 2.1.Key findings of the study
- 2.2.CXO Perspective
CHAPTER 3:MARKET OVERVIEW
- 3.1.Market definition and scope
- 3.2.Key findings
- 3.2.1.Top investment pockets
- 3.3.Porter's five forces analysis
- 3.4.Top player positioning
- 3.5.Market dynamics
- 3.5.1.Drivers
- 3.5.2.Restraints
- 3.5.3.Opportunities
- 3.6.COVID-19 Impact Analysis on the market
- 3.7.Value Chain Analysis
- 3.8.Key Regulation Analysis
CHAPTER 4: ABSORBENT GLASS MAT BATTERY MARKET, BY TYPE
- 4.1 Overview
- 4.1.1 Market size and forecast
- 4.2 Stationary
- 4.2.1 Key market trends, growth factors and opportunities
- 4.2.2 Market size and forecast, by region
- 4.2.3 Market analysis by country
- 4.3 Motive
- 4.3.1 Key market trends, growth factors and opportunities
- 4.3.2 Market size and forecast, by region
- 4.3.3 Market analysis by country
CHAPTER 5: ABSORBENT GLASS MAT BATTERY MARKET, BY VOLTAGE RANGE
- 5.1 Overview
- 5.1.1 Market size and forecast
- 5.2 2-4 Volts
- 5.2.1 Key market trends, growth factors and opportunities
- 5.2.2 Market size and forecast, by region
- 5.2.3 Market analysis by country
- 5.3 6-8 Volts
- 5.3.1 Key market trends, growth factors and opportunities
- 5.3.2 Market size and forecast, by region
- 5.3.3 Market analysis by country
- 5.4 12 Volts and above
- 5.4.1 Key market trends, growth factors and opportunities
- 5.4.2 Market size and forecast, by region
- 5.4.3 Market analysis by country
CHAPTER 6: ABSORBENT GLASS MAT BATTERY MARKET, BY END USE
- 6.1 Overview
- 6.1.1 Market size and forecast
- 6.2 OEM
- 6.2.1 Key market trends, growth factors and opportunities
- 6.2.2 Market size and forecast, by region
- 6.2.3 Market analysis by country
- 6.3 Aftermarket
- 6.3.1 Key market trends, growth factors and opportunities
- 6.3.2 Market size and forecast, by region
- 6.3.3 Market analysis by country
CHAPTER 7: ABSORBENT GLASS MAT BATTERY MARKET, BY APPLICATION
- 7.1 Overview
- 7.1.1 Market size and forecast
- 7.2 Automotive
- 7.2.1 Key market trends, growth factors and opportunities
- 7.2.2 Market size and forecast, by region
- 7.2.3 Market analysis by country
- 7.2.4 Automotive Absorbent Glass Mat Battery Market by Type
- 7.2.4.1 Motor Vehicle Market size and forecast, by region
- 7.2.4.2 Motor Vehicle Market size and forecast, by country
- 7.2.4.3 Motorcycle Market size and forecast, by region
- 7.2.4.4 Motorcycle Market size and forecast, by country
- 7.2.4.5 Others Market size and forecast, by region
- 7.2.4.6 Others Market size and forecast, by country
- 7.3 UPS
- 7.3.1 Key market trends, growth factors and opportunities
- 7.3.2 Market size and forecast, by region
- 7.3.3 Market analysis by country
- 7.4 Industrial
- 7.4.1 Key market trends, growth factors and opportunities
- 7.4.2 Market size and forecast, by region
- 7.4.3 Market analysis by country
- 7.5 Energy Storage
- 7.5.1 Key market trends, growth factors and opportunities
- 7.5.2 Market size and forecast, by region
- 7.5.3 Market analysis by country
- 7.6 Others
- 7.6.1 Key market trends, growth factors and opportunities
- 7.6.2 Market size and forecast, by region
- 7.6.3 Market analysis by country
CHAPTER 8: ABSORBENT GLASS MAT BATTERY MARKET, BY REGION
- 8.1 Overview
- 8.1.1 Market size and forecast
- 8.2 North America
- 8.2.1 Key trends and opportunities
- 8.2.2 North America Market size and forecast, by Type
- 8.2.3 North America Market size and forecast, by Voltage Range
- 8.2.4 North America Market size and forecast, by End Use
- 8.2.5 North America Market size and forecast, by Application
- 8.2.5.1 North America Automotive Absorbent Glass Mat Battery Market by Type
- 8.2.6 North America Market size and forecast, by country
- 8.2.6.1 U.S.
- 8.2.6.1.1 Market size and forecast, by Type
- 8.2.6.1.2 Market size and forecast, by Voltage Range
- 8.2.6.1.3 Market size and forecast, by End Use
- 8.2.6.1.4 Market size and forecast, by Application
- 8.2.6.1.4.1 U.S. Automotive Absorbent Glass Mat Battery Market by Type
- 8.2.6.2 Canada
- 8.2.6.2.1 Market size and forecast, by Type
- 8.2.6.2.2 Market size and forecast, by Voltage Range
- 8.2.6.2.3 Market size and forecast, by End Use
- 8.2.6.2.4 Market size and forecast, by Application
- 8.2.6.2.4.1 Canada Automotive Absorbent Glass Mat Battery Market by Type
- 8.2.6.3 Mexico
- 8.2.6.3.1 Market size and forecast, by Type
- 8.2.6.3.2 Market size and forecast, by Voltage Range
- 8.2.6.3.3 Market size and forecast, by End Use
- 8.2.6.3.4 Market size and forecast, by Application
- 8.2.6.3.4.1 Mexico Automotive Absorbent Glass Mat Battery Market by Type
- 8.3 Europe
- 8.3.1 Key trends and opportunities
- 8.3.2 Europe Market size and forecast, by Type
- 8.3.3 Europe Market size and forecast, by Voltage Range
- 8.3.4 Europe Market size and forecast, by End Use
- 8.3.5 Europe Market size and forecast, by Application
- 8.3.5.1 Europe Automotive Absorbent Glass Mat Battery Market by Type
- 8.3.6 Europe Market size and forecast, by country
- 8.3.6.1 Germany
- 8.3.6.1.1 Market size and forecast, by Type
- 8.3.6.1.2 Market size and forecast, by Voltage Range
- 8.3.6.1.3 Market size and forecast, by End Use
- 8.3.6.1.4 Market size and forecast, by Application
- 8.3.6.1.4.1 Germany Automotive Absorbent Glass Mat Battery Market by Type
- 8.3.6.2 France
- 8.3.6.2.1 Market size and forecast, by Type
- 8.3.6.2.2 Market size and forecast, by Voltage Range
- 8.3.6.2.3 Market size and forecast, by End Use
- 8.3.6.2.4 Market size and forecast, by Application
- 8.3.6.2.4.1 France Automotive Absorbent Glass Mat Battery Market by Type
- 8.3.6.3 Italy
- 8.3.6.3.1 Market size and forecast, by Type
- 8.3.6.3.2 Market size and forecast, by Voltage Range
- 8.3.6.3.3 Market size and forecast, by End Use
- 8.3.6.3.4 Market size and forecast, by Application
- 8.3.6.3.4.1 Italy Automotive Absorbent Glass Mat Battery Market by Type
- 8.3.6.4 Spain
- 8.3.6.4.1 Market size and forecast, by Type
- 8.3.6.4.2 Market size and forecast, by Voltage Range
- 8.3.6.4.3 Market size and forecast, by End Use
- 8.3.6.4.4 Market size and forecast, by Application
- 8.3.6.4.4.1 Spain Automotive Absorbent Glass Mat Battery Market by Type
- 8.3.6.5 UK
- 8.3.6.5.1 Market size and forecast, by Type
- 8.3.6.5.2 Market size and forecast, by Voltage Range
- 8.3.6.5.3 Market size and forecast, by End Use
- 8.3.6.5.4 Market size and forecast, by Application
- 8.3.6.5.4.1 UK Automotive Absorbent Glass Mat Battery Market by Type
- 8.3.6.6 Rest of Europe
- 8.3.6.6.1 Market size and forecast, by Type
- 8.3.6.6.2 Market size and forecast, by Voltage Range
- 8.3.6.6.3 Market size and forecast, by End Use
- 8.3.6.6.4 Market size and forecast, by Application
- 8.3.6.6.4.1 Rest of Europe Automotive Absorbent Glass Mat Battery Market by Type
- 8.4 Asia-Pacific
- 8.4.1 Key trends and opportunities
- 8.4.2 Asia-Pacific Market size and forecast, by Type
- 8.4.3 Asia-Pacific Market size and forecast, by Voltage Range
- 8.4.4 Asia-Pacific Market size and forecast, by End Use
- 8.4.5 Asia-Pacific Market size and forecast, by Application
- 8.4.5.1 Asia-Pacific Automotive Absorbent Glass Mat Battery Market by Type
- 8.4.6 Asia-Pacific Market size and forecast, by country
- 8.4.6.1 China
- 8.4.6.1.1 Market size and forecast, by Type
- 8.4.6.1.2 Market size and forecast, by Voltage Range
- 8.4.6.1.3 Market size and forecast, by End Use
- 8.4.6.1.4 Market size and forecast, by Application
- 8.4.6.1.4.1 China Automotive Absorbent Glass Mat Battery Market by Type
- 8.4.6.2 Japan
- 8.4.6.2.1 Market size and forecast, by Type
- 8.4.6.2.2 Market size and forecast, by Voltage Range
- 8.4.6.2.3 Market size and forecast, by End Use
- 8.4.6.2.4 Market size and forecast, by Application
- 8.4.6.2.4.1 Japan Automotive Absorbent Glass Mat Battery Market by Type
- 8.4.6.3 India
- 8.4.6.3.1 Market size and forecast, by Type
- 8.4.6.3.2 Market size and forecast, by Voltage Range
- 8.4.6.3.3 Market size and forecast, by End Use
- 8.4.6.3.4 Market size and forecast, by Application
- 8.4.6.3.4.1 India Automotive Absorbent Glass Mat Battery Market by Type
- 8.4.6.4 South Korea
- 8.4.6.4.1 Market size and forecast, by Type
- 8.4.6.4.2 Market size and forecast, by Voltage Range
- 8.4.6.4.3 Market size and forecast, by End Use
- 8.4.6.4.4 Market size and forecast, by Application
- 8.4.6.4.4.1 South Korea Automotive Absorbent Glass Mat Battery Market by Type
- 8.4.6.5 Australia
- 8.4.6.5.1 Market size and forecast, by Type
- 8.4.6.5.2 Market size and forecast, by Voltage Range
- 8.4.6.5.3 Market size and forecast, by End Use
- 8.4.6.5.4 Market size and forecast, by Application
- 8.4.6.5.4.1 Australia Automotive Absorbent Glass Mat Battery Market by Type
- 8.4.6.6 Rest of Asia-Pacific
- 8.4.6.6.1 Market size and forecast, by Type
- 8.4.6.6.2 Market size and forecast, by Voltage Range
- 8.4.6.6.3 Market size and forecast, by End Use
- 8.4.6.6.4 Market size and forecast, by Application
- 8.4.6.6.4.1 Rest of Asia-Pacific Automotive Absorbent Glass Mat Battery Market by Type
- 8.5 LAMEA
- 8.5.1 Key trends and opportunities
- 8.5.2 LAMEA Market size and forecast, by Type
- 8.5.3 LAMEA Market size and forecast, by Voltage Range
- 8.5.4 LAMEA Market size and forecast, by End Use
- 8.5.5 LAMEA Market size and forecast, by Application
- 8.5.5.1 LAMEA Automotive Absorbent Glass Mat Battery Market by Type
- 8.5.6 LAMEA Market size and forecast, by country
- 8.5.6.1 Brazil
- 8.5.6.1.1 Market size and forecast, by Type
- 8.5.6.1.2 Market size and forecast, by Voltage Range
- 8.5.6.1.3 Market size and forecast, by End Use
- 8.5.6.1.4 Market size and forecast, by Application
- 8.5.6.1.4.1 Brazil Automotive Absorbent Glass Mat Battery Market by Type
- 8.5.6.2 Saudi Arabia
- 8.5.6.2.1 Market size and forecast, by Type
- 8.5.6.2.2 Market size and forecast, by Voltage Range
- 8.5.6.2.3 Market size and forecast, by End Use
- 8.5.6.2.4 Market size and forecast, by Application
- 8.5.6.2.4.1 Saudi Arabia Automotive Absorbent Glass Mat Battery Market by Type
- 8.5.6.3 South Africa
- 8.5.6.3.1 Market size and forecast, by Type
- 8.5.6.3.2 Market size and forecast, by Voltage Range
- 8.5.6.3.3 Market size and forecast, by End Use
- 8.5.6.3.4 Market size and forecast, by Application
- 8.5.6.3.4.1 South Africa Automotive Absorbent Glass Mat Battery Market by Type
- 8.5.6.4 Rest of LAMEA
- 8.5.6.4.1 Market size and forecast, by Type
- 8.5.6.4.2 Market size and forecast, by Voltage Range
- 8.5.6.4.3 Market size and forecast, by End Use
- 8.5.6.4.4 Market size and forecast, by Application
- 8.5.6.4.4.1 Rest of LAMEA Automotive Absorbent Glass Mat Battery Market by Type
CHAPTER 9: COMPANY LANDSCAPE
- 9.1. Introduction
- 9.2. Top winning strategies
- 9.3. Product Mapping of Top 10 Player
- 9.4. Competitive Dashboard
- 9.5. Competitive Heatmap
- 9.6. Key developments
CHAPTER 10: COMPANY PROFILES
- 10.1 Clarios
- 10.1.1 Company overview
- 10.1.2 Company snapshot
- 10.1.3 Operating business segments
- 10.1.4 Product portfolio
- 10.1.5 Business performance
- 10.1.6 Key strategic moves and developments
- 10.2 Exide Technologies
- 10.2.1 Company overview
- 10.2.2 Company snapshot
- 10.2.3 Operating business segments
- 10.2.4 Product portfolio
- 10.2.5 Business performance
- 10.2.6 Key strategic moves and developments
- 10.3 Universal Power Group
- 10.3.1 Company overview
- 10.3.2 Company snapshot
- 10.3.3 Operating business segments
- 10.3.4 Product portfolio
- 10.3.5 Business performance
- 10.3.6 Key strategic moves and developments
- 10.4 EnerSys
- 10.4.1 Company overview
- 10.4.2 Company snapshot
- 10.4.3 Operating business segments
- 10.4.4 Product portfolio
- 10.4.5 Business performance
- 10.4.6 Key strategic moves and developments
- 10.5 East Penn Manufacturing Company
- 10.5.1 Company overview
- 10.5.2 Company snapshot
- 10.5.3 Operating business segments
- 10.5.4 Product portfolio
- 10.5.5 Business performance
- 10.5.6 Key strategic moves and developments
- 10.6 Yusa Group
- 10.6.1 Company overview
- 10.6.2 Company snapshot
- 10.6.3 Operating business segments
- 10.6.4 Product portfolio
- 10.6.5 Business performance
- 10.6.6 Key strategic moves and developments
- 10.7 Flamm Energy Technology
- 10.7.1 Company overview
- 10.7.2 Company snapshot
- 10.7.3 Operating business segments
- 10.7.4 Product portfolio
- 10.7.5 Business performance
- 10.7.6 Key strategic moves and developments
- 10.8 Robert Bosch GmbH
- 10.8.1 Company overview
- 10.8.2 Company snapshot
- 10.8.3 Operating business segments
- 10.8.4 Product portfolio
- 10.8.5 Business performance
- 10.8.6 Key strategic moves and developments
- 10.9 duracell battery company
- 10.9.1 Company overview
- 10.9.2 Company snapshot
- 10.9.3 Operating business segments
- 10.9.4 Product portfolio
- 10.9.5 Business performance
- 10.9.6 Key strategic moves and developments
- 10.10 Johnson Controls International plc
- 10.10.1 Company overview
- 10.10.2 Company snapshot
- 10.10.3 Operating business segments
- 10.10.4 Product portfolio
- 10.10.5 Business performance
- 10.10.6 Key strategic moves and developments
- 10.11 MK Battery
- 10.11.1 Company overview
- 10.11.2 Company snapshot
- 10.11.3 Operating business segments
- 10.11.4 Product portfolio
- 10.11.5 Business performance
- 10.11.6 Key strategic moves and developments
- 10.12 Power Sonic Corporation
- 10.12.1 Company overview
- 10.12.2 Company snapshot
- 10.12.3 Operating business segments
- 10.12.4 Product portfolio
- 10.12.5 Business performance
- 10.12.6 Key strategic moves and developments