The Absorbent Glass Mat Battery Market Size is predicted to increase from USD 10.2 billion in 2019 to USD 13.9 billion by 2025, growing at a CAGR of 5.3%. During the anticipated time, the AGM Battery Market is anticipated to have a lucrative growth potential. The inherent advantages of AGM batteries, their simplicity in recycling when compared to lithium-ion batteries, the rising demand for high-capacity batteries for UPS and energy storage, and rising investments in renewable energy systems are all predicted to contribute to the market's growth. Existing enterprises as well as those just starting out might explore the market's numerous expansion potential.

In 2018, the Stationary Battery Type Segment held the biggest market share for AGM batteries.

The AGM Battery Market for stationary batteries held the highest size in 2018 according to battery type. Depending on the kind of the important loads, stationary batteries serve as a source of backup or emergency power. These batteries have good long deep discharges and are designed for stand-by power supply applications. However, stationary applications for AGM batteries, including energy storage, marine, industrial, UPS, telecommunications, utilities, and medical equipment, have a sizable market.

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During the projected period, the market for energy storage applications is anticipated to expand rapidly.

The need for effective, adaptable energy storage solutions with a long operational life has increased in response to the rising penetration of renewable energy across grids. Due to its capacity to endure the demands of solar energy consumption, including fluctuating grid energy, high cycling (charging and discharging), and infrequent full recharging, deep-cycle batteries are a common choice for renewable energy applications. With all of its appealing qualities, the AGM battery has emerged as the most popular energy storage technology for energy storage as large-scale solar and wind power plants demand technologies that can efficiently store renewable energy for use at any time in the future. Due to their lack of maintenance, these batteries are the most practical for storage. The ability to plug in the batteries and let them run without maintenance is quite advantageous because solar applications may be in difficult-to-reach locations. AGM batteries are also trustworthy, economical options that lower the cost of battery storage for the utility industry. AGM battery use is anticipated to increase significantly during the forecast period due to expanding investments and an increase in renewable energy projects around the world.

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The forecast period will see the biggest market size in APAC.

During the projected period, the AGM battery market in APAC is anticipated to develop at the highest CAGR. Due to the large population in this area, there is an increased requirement for energy production using fossil fuels, which eventually raises the need for batteries due to the integration of renewable energy sources. Additionally, some of the industry's leading companies, like Vision Group (China), HBL Power Systems Ltd. (India), Leoch (China), and B.B. Battery (China), are based in APAC and offer AGM batteries for a variety of applications. These elements play a part in the AGM battery market's rapid expansion in APAC.

Key Players

The major players in the Absorbent Glass Mat Battery Market include Exide Technologies (US), Clarios (US), Power Sonic Corporation (US), EnerSys (US), Fullriver Battery (US), East Penn Manufacturing Company (US), Universal Power Group (US), Fullriver Battery (US), and C&D Technologies (US), among others.

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