Market Overview:
The global AGM battery market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for automobiles and alternate energy sources, such as solar and wind energy. AGM batteries are used in a wide range of applications, including automobiles, inverters, solar energy systems, and alternate energy vehicles. They offer high power density and long cycle life as compared to other battery types.
 Battery Industry Outlook.svg)
Product Definition:
Absorbed glass mat (AGM) batteries are sealed lead-acid batteries that use an absorbent glass mat to hold the electrolyte. The advantage of AGM batteries is that they can be mounted in any position, and they will not leak acid even if damaged. AGM batteries are often used in applications where weight and space are limited, such as motorcycles, electric vehicles, and scooters.
Automobile Battery:
Automobile battery is a device that provides electrical energy to start the vehicle engine. The primary function of an automobile battery is to provide enough current needed for starting the engine.
(1) Primary or traction battery and (2) Secondary or reserve/backup battery.
Inverter Battery:
An inverter battery is a type of secondary or backup power source used to start an engine, run electrical equipment, and provide power for starting other processes in the absence of main electricity supply. They are also known as hybrid batteries due to the fact that they have characteristics of both rechargeable batteries and conventional ones.
Application Insights:
OEMs accounted for the largest revenue share of over 70% in 2017. The major reason behind this large share is the presence of a strong aftermarket support system, which includes replacement parts and service centers across various countries. AGM batteries are used in numerous applications including UPS systems, telecommunication equipment, medical equipment and computers among others.
The demand for AGM batteries from OEMs is expected to witness growth owing to their usage as replacements for conventional lead-acid batteries on account of improved performance characteristics such as high discharge rate, longer life span and enhanced safety features. Moreover, increasing demand from end-users coupled with growing awareness regarding superior battery performance will drive the segment further during the forecast period.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to increasing demand for AGM batteries in countries, such as China and India. In 2016, Asia Pacific accounted for a share of more than 50% in terms of volume consumption and this trend is expected to continue until 2030.
The growing manufacturing sector in China owing to low labor cost has attracted numerous global players including Panasonic Corporation; Johnson Controls Inc.; LG Chem Ltd.; Samsung Electro-Mechanics Co., Ltd; and others into setting up their production facilities in the country which has resulted into high product demand across various applications.
Europe was estimated as the second largest regional market with a revenue share of 22%in 2017 on account of presence of major automobile manufacturers including Volkswagen Group, BMW Group, Daimler AG (Mercedes Benz), Ford Motor Company Europe.
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 20% during the forecast period. This will lead to an increase in the demand for AGM batteries, as they are used in electric vehicles.
- Growing demand from renewable energy sector: The global renewable energy market is expected to grow at a CAGR of more than 15% during the forecast period. This will lead to an increase in the demand for AGM batteries, as they are used in renewable energy applications such as solar and wind power plants.
- Rising investment in smart grid infrastructure: The global investment in smart grid infrastructure is expected to grow at a CAGR of more than 10% during the forecast period. This will lead to an increase in the demand for AGM batteries, as they are used extensivelyin smart grids applications such as voltage regulation and frequency control
Scope Of The Report
Report Attributes
Report Details
Report Title
Absorbed Glass Mat (AGM) Battery Market Research Report
By Type
Automobile Battery, Inverter Battery, Solar Energy Battery, Alternate Energy
By Application
OEM, Aftersales
By Companies
Robert Bosch, Duracell, Exide, Trojan Batteries, AMARON QUANTA, ODYSSEY batteries, Adventure Power, MK Battery, Tudor India Limited, Centennial AGM, Robert Bosch
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
196
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Absorbed Glass Mat (AGM) Battery Market Report Segments:
The global Absorbed Glass Mat (AGM) Battery market is segmented on the basis of:
Types
Automobile Battery, Inverter Battery, Solar Energy Battery, Alternate Energy
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
OEM, Aftersales
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Robert Bosch
- Duracell
- Exide
- Trojan Batteries
- AMARON QUANTA
- ODYSSEY batteries
- Adventure Power
- MK Battery
- Tudor India Limited
- Centennial AGM
- Robert Bosch
 Battery Market Overview.svg)
Highlights of The Absorbed Glass Mat (AGM) Battery Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Automobile Battery
- Inverter Battery
- Solar Energy Battery
- Alternate Energy
- By Application:
- OEM
- Aftersales
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Absorbed Glass Mat (AGM) Battery Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Battery Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An AGM battery is a type of lead-acid battery that uses Absorbed Glass Mat (AGM) technology. This type of battery is designed to be more environmentally friendly than traditional lead acid batteries, as it does not produce any waste products when it is discharged. Additionally, AGM batteries are typically less expensive to purchase and maintain than other types of lead acid batteries.
Some of the major companies in the absorbed glass mat (agm) battery market are Robert Bosch, Duracell, Exide, Trojan Batteries, AMARON QUANTA, ODYSSEY batteries, Adventure Power, MK Battery, Tudor India Limited, Centennial AGM, Robert Bosch.
The absorbed glass mat (agm) battery market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Absorbed Glass Mat (AGM) Battery Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Absorbed Glass Mat (AGM) Battery Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Absorbed Glass Mat (AGM) Battery Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Absorbed Glass Mat (AGM) Battery Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Absorbed Glass Mat (AGM) Battery Market Size & Forecast, 2018-2028
4.5.1 Absorbed Glass Mat (AGM) Battery Market Size and Y-o-Y Growth
4.5.2 Absorbed Glass Mat (AGM) Battery Market Absolute $ Opportunity
Chapter 5 Global Absorbed Glass Mat (AGM) Battery Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Absorbed Glass Mat (AGM) Battery Market Size Forecast by Type
5.2.1 Automobile Battery
5.2.2 Inverter Battery
5.2.3 Solar Energy Battery
5.2.4 Alternate Energy
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Absorbed Glass Mat (AGM) Battery Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Absorbed Glass Mat (AGM) Battery Market Size Forecast by Applications
6.2.1 OEM
6.2.2 Aftersales
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Absorbed Glass Mat (AGM) Battery Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Absorbed Glass Mat (AGM) Battery Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Absorbed Glass Mat (AGM) Battery Analysis and Forecast
9.1 Introduction
9.2 North America Absorbed Glass Mat (AGM) Battery Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Absorbed Glass Mat (AGM) Battery Market Size Forecast by Type
9.6.1 Automobile Battery
9.6.2 Inverter Battery
9.6.3 Solar Energy Battery
9.6.4 Alternate Energy
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Absorbed Glass Mat (AGM) Battery Market Size Forecast by Applications
9.10.1 OEM
9.10.2 Aftersales
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Absorbed Glass Mat (AGM) Battery Analysis and Forecast
10.1 Introduction
10.2 Europe Absorbed Glass Mat (AGM) Battery Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Absorbed Glass Mat (AGM) Battery Market Size Forecast by Type
10.6.1 Automobile Battery
10.6.2 Inverter Battery
10.6.3 Solar Energy Battery
10.6.4 Alternate Energy
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Absorbed Glass Mat (AGM) Battery Market Size Forecast by Applications
10.10.1 OEM
10.10.2 Aftersales
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Absorbed Glass Mat (AGM) Battery Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Absorbed Glass Mat (AGM) Battery Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Absorbed Glass Mat (AGM) Battery Market Size Forecast by Type
11.6.1 Automobile Battery
11.6.2 Inverter Battery
11.6.3 Solar Energy Battery
11.6.4 Alternate Energy
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Absorbed Glass Mat (AGM) Battery Market Size Forecast by Applications
11.10.1 OEM
11.10.2 Aftersales
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Absorbed Glass Mat (AGM) Battery Analysis and Forecast
12.1 Introduction
12.2 Latin America Absorbed Glass Mat (AGM) Battery Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Absorbed Glass Mat (AGM) Battery Market Size Forecast by Type
12.6.1 Automobile Battery
12.6.2 Inverter Battery
12.6.3 Solar Energy Battery
12.6.4 Alternate Energy
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Absorbed Glass Mat (AGM) Battery Market Size Forecast by Applications
12.10.1 OEM
12.10.2 Aftersales
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Absorbed Glass Mat (AGM) Battery Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Absorbed Glass Mat (AGM) Battery Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Absorbed Glass Mat (AGM) Battery Market Size Forecast by Type
13.6.1 Automobile Battery
13.6.2 Inverter Battery
13.6.3 Solar Energy Battery
13.6.4 Alternate Energy
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Absorbed Glass Mat (AGM) Battery Market Size Forecast by Applications
13.10.1 OEM
13.10.2 Aftersales
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Absorbed Glass Mat (AGM) Battery Market: Competitive Dashboard
14.2 Global Absorbed Glass Mat (AGM) Battery Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Robert Bosch
14.3.2 Duracell
14.3.3 Exide
14.3.4 Trojan Batteries
14.3.5 AMARON QUANTA
14.3.6 ODYSSEY batteries
14.3.7 Adventure Power
14.3.8 MK Battery
14.3.9 Tudor India Limited
14.3.10 Centennial AGM
14.3.11 Robert Bosch
