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Absorbent Glass Mat Battery Market By Type, By Voltage Range, By End Use, By Application: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 321 Pages
  • September 2022
  • Region: Global
  • Allied Market Research
  • ID: 5713096
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

  • Stationary
  • Motive

By Voltage Range

  • 2-4 Volts
  • 6-8 Volts
  • 12 Volts and above

By End Use

  • OEM
  • Aftermarket

By Application

  • Automotive
  • Type
  • Motor Vehicle
  • Motorcycle
  • Others
  • UPS
  • Industrial
  • Energy Storage
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • 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
Frequently Asked Questions about the Global Absorbent Glass Mat Battery Market

What is the estimated value of the Global Absorbent Glass Mat Battery Market?

The Global Absorbent Glass Mat Battery Market was estimated to be valued at $11.6 billion in 2021.

What is the growth rate of the Global Absorbent Glass Mat Battery Market?

The growth rate of the Global Absorbent Glass Mat Battery Market is 5.3%, with an estimated value of $19.5 billion by 2031.

What is the forecasted size of the Global Absorbent Glass Mat Battery Market?

The Global Absorbent Glass Mat Battery Market is estimated to be worth $19.5 billion by 2031.

Who are the key companies in the Global Absorbent Glass Mat Battery Market?

Key companies in the Global Absorbent Glass Mat Battery Market include Clarios, Exide Technologies, Universal Power Group, EnerSys, East Penn Manufacturing Company, Yusa Group, Flamm Energy Technology, Robert Bosch GmbH and Johnson Controls International plc.

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

List of Tables
Table 1. Global Absorbent Glass Mat Battery Market, by Type, 2021-2031 ($Million)
Table 2. Absorbent Glass Mat Battery Market, for Stationary, by Region, 2021-2031 ($Million)
Table 3. Absorbent Glass Mat Battery Market for Stationary, by Country, 2021-2031 ($Million)
Table 4. Absorbent Glass Mat Battery Market, for Motive, by Region, 2021-2031 ($Million)
Table 5. Absorbent Glass Mat Battery Market for Motive, by Country, 2021-2031 ($Million)
Table 6. Global Absorbent Glass Mat Battery Market, by Voltage Range, 2021-2031 ($Million)
Table 7. Absorbent Glass Mat Battery Market, for 2-4 Volts, by Region, 2021-2031 ($Million)
Table 8. Absorbent Glass Mat Battery Market for 2-4 Volts, by Country, 2021-2031 ($Million)
Table 9. Absorbent Glass Mat Battery Market, for 6-8 Volts, by Region, 2021-2031 ($Million)
Table 10. Absorbent Glass Mat Battery Market for 6-8 Volts, by Country, 2021-2031 ($Million)
Table 11. Absorbent Glass Mat Battery Market, for 12 Volts and Above, by Region, 2021-2031 ($Million)
Table 12. Absorbent Glass Mat Battery Market for 12 Volts and Above, by Country, 2021-2031 ($Million)
Table 13. Global Absorbent Glass Mat Battery Market, by End Use, 2021-2031 ($Million)
Table 14. Absorbent Glass Mat Battery Market, for OEM, by Region, 2021-2031 ($Million)
Table 15. Absorbent Glass Mat Battery Market for OEM, by Country, 2021-2031 ($Million)
Table 16. Absorbent Glass Mat Battery Market, for Aftermarket, by Region, 2021-2031 ($Million)
Table 17. Absorbent Glass Mat Battery Market for Aftermarket, by Country, 2021-2031 ($Million)
Table 18. Global Absorbent Glass Mat Battery Market, by Application, 2021-2031 ($Million)
Table 19. Absorbent Glass Mat Battery Market, for Automotive, by Region, 2021-2031 ($Million)
Table 20. Absorbent Glass Mat Battery Market for Automotive, by Country, 2021-2031 ($Million)
Table 21. Global Automotive Absorbent Glass Mat Battery Market, by Type, 2021-2031 ($Million)
Table 22. Absorbent Glass Mat Battery Market, for Motor Vehicle, by Region, 2021-2031 ($Million)
Table 23. Absorbent Glass Mat Battery Market, for Motor Vehicle, by Country, 2021-2031 ($Million)
Table 24. Absorbent Glass Mat Battery Market, for Motorcycle, by Region, 2021-2031 ($Million)
Table 25. Absorbent Glass Mat Battery Market, for Motorcycle, by Country, 2021-2031 ($Million)
Table 26. Absorbent Glass Mat Battery Market, for Others, by Region, 2021-2031 ($Million)
Table 27. Absorbent Glass Mat Battery Market, for Others, by Country, 2021-2031 ($Million)
Table 28. Absorbent Glass Mat Battery Market, for Ups, by Region, 2021-2031 ($Million)
Table 29. Absorbent Glass Mat Battery Market for Ups, by Country, 2021-2031 ($Million)
Table 30. Absorbent Glass Mat Battery Market, for Industrial, by Region, 2021-2031 ($Million)
Table 31. Absorbent Glass Mat Battery Market for Industrial, by Country, 2021-2031 ($Million)
Table 32. Absorbent Glass Mat Battery Market, for Energy Storage, by Region, 2021-2031 ($Million)
Table 33. Absorbent Glass Mat Battery Market for Energy Storage, by Country, 2021-2031 ($Million)
Table 34. Absorbent Glass Mat Battery Market, for Others, by Region, 2021-2031 ($Million)
Table 35. Absorbent Glass Mat Battery Market for Others, by Country, 2021-2031 ($Million)
Table 36. Absorbent Glass Mat Battery Market, by Region, 2021-2031 ($Million)
Table 37. North America Absorbent Glass Mat Battery Market, by Type, 2021-2031 ($Million)
Table 38. North America Absorbent Glass Mat Battery Market, by Voltage Range, 2021-2031 ($Million)
Table 39. North America Absorbent Glass Mat Battery Market, by End Use, 2021-2031 ($Million)
Table 40. North America Absorbent Glass Mat Battery Market, by Application, 2021-2031 ($Million)
Table 41. North America Automotive Absorbent Glass Mat Battery Market, by Type, 2021-2031 ($Million)
Table 42. North America Absorbent Glass Mat Battery Market, by Country, 2021-2031 ($Million)
Table 43. U.S. Absorbent Glass Mat Battery Market, by Type, 2021-2031 ($Million)
Table 44. U.S. Absorbent Glass Mat Battery Market, by Voltage Range, 2021-2031 ($Million)
Table 45. U.S. Absorbent Glass Mat Battery Market, by End Use, 2021-2031 ($Million)
Table 46. U.S. Absorbent Glass Mat Battery Market, by Application, 2021-2031 ($Million)
Table 47. U.S. Automotive Absorbent Glass Mat Battery Market, by Type, 2021-2031 ($Million)
Table 48. Canada Absorbent Glass Mat Battery Market, by Type, 2021-2031 ($Million)
Table 49. Canada Absorbent Glass Mat Battery Market, by Voltage Range, 2021-2031 ($Million)
Table 50. Canada Absorbent Glass Mat Battery Market, by End Use, 2021-2031 ($Million)
Table 51. Canada Absorbent Glass Mat Battery Market, by Application, 2021-2031 ($Million)
Table 52. Canada Automotive Absorbent Glass Mat Battery Market, by Type, 2021-2031 ($Million)
Table 53. Mexico Absorbent Glass Mat Battery Market, by Type, 2021-2031 ($Million)
Table 54. Mexico Absorbent Glass Mat Battery Market, by Voltage Range, 2021-2031 ($Million)
Table 55. Mexico Absorbent Glass Mat Battery Market, by End Use, 2021-2031 ($Million)
Table 56. Mexico Absorbent Glass Mat Battery Market, by Application, 2021-2031 ($Million)
Table 57. Mexico Automotive Absorbent Glass Mat Battery Market, by Type, 2021-2031 ($Million)
Table 58. Europe Absorbent Glass Mat Battery Market, by Type, 2021-2031 ($Million)
Table 59. Europe Absorbent Glass Mat Battery Market, by Voltage Range, 2021-2031 ($Million)
Table 60. Europe Absorbent Glass Mat Battery Market, by End Use, 2021-2031 ($Million)
Table 61. Europe Absorbent Glass Mat Battery Market, by Application, 2021-2031 ($Million)
Table 62. Europe Automotive Absorbent Glass Mat Battery Market, by Type, 2021-2031 ($Million)
Table 63. Europe Absorbent Glass Mat Battery Market, by Country, 2021-2031 ($Million)
Table 64. Germany Absorbent Glass Mat Battery Market, by Type, 2021-2031 ($Million)
Table 65. Germany Absorbent Glass Mat Battery Market, by Voltage Range, 2021-2031 ($Million)
Table 66. Germany Absorbent Glass Mat Battery Market, by End Use, 2021-2031 ($Million)
Table 67. Germany Absorbent Glass Mat Battery Market, by Application, 2021-2031 ($Million)
Table 68. Germany Automotive Absorbent Glass Mat Battery Market, by Type, 2021-2031 ($Million)
Table 69. France Absorbent Glass Mat Battery Market, by Type, 2021-2031 ($Million)
Table 70. France Absorbent Glass Mat Battery Market, by Voltage Range, 2021-2031 ($Million)
Table 71. France Absorbent Glass Mat Battery Market, by End Use, 2021-2031 ($Million)
Table 72. France Absorbent Glass Mat Battery Market, by Application, 2021-2031 ($Million)
Table 73. France Automotive Absorbent Glass Mat Battery Market, by Type, 2021-2031 ($Million)
Table 74. Italy Absorbent Glass Mat Battery Market, by Type, 2021-2031 ($Million)
Table 75. Italy Absorbent Glass Mat Battery Market, by Voltage Range, 2021-2031 ($Million)
Table 76. Italy Absorbent Glass Mat Battery Market, by End Use, 2021-2031 ($Million)
Table 77. Italy Absorbent Glass Mat Battery Market, by Application, 2021-2031 ($Million)
Table 78. Italy Automotive Absorbent Glass Mat Battery Market, by Type, 2021-2031 ($Million)
Table 79. Spain Absorbent Glass Mat Battery Market, by Type, 2021-2031 ($Million)
Table 80. Spain Absorbent Glass Mat Battery Market, by Voltage Range, 2021-2031 ($Million)
Table 81. Spain Absorbent Glass Mat Battery Market, by End Use, 2021-2031 ($Million)
Table 82. Spain Absorbent Glass Mat Battery Market, by Application, 2021-2031 ($Million)
Table 83. Spain Automotive Absorbent Glass Mat Battery Market, by Type, 2021-2031 ($Million)
Table 84. UK Absorbent Glass Mat Battery Market, by Type, 2021-2031 ($Million)
Table 85. UK Absorbent Glass Mat Battery Market, by Voltage Range, 2021-2031 ($Million)
Table 86. UK Absorbent Glass Mat Battery Market, by End Use, 2021-2031 ($Million)
Table 87. UK Absorbent Glass Mat Battery Market, by Application, 2021-2031 ($Million)
Table 88. UK Automotive Absorbent Glass Mat Battery Market, by Type, 2021-2031 ($Million)
Table 89. Rest of Europe Absorbent Glass Mat Battery Market, by Type, 2021-2031 ($Million)
Table 90. Rest of Europe Absorbent Glass Mat Battery Market, by Voltage Range, 2021-2031 ($Million)
Table 91. Rest of Europe Absorbent Glass Mat Battery Market, by End Use, 2021-2031 ($Million)
Table 92. Rest of Europe Absorbent Glass Mat Battery Market, by Application, 2021-2031 ($Million)
Table 93. Rest of Europe Automotive Absorbent Glass Mat Battery Market, by Type, 2021-2031 ($Million)
Table 94. Asia-Pacific Absorbent Glass Mat Battery Market, by Type, 2021-2031 ($Million)
Table 95. Asia-Pacific Absorbent Glass Mat Battery Market, by Voltage Range, 2021-2031 ($Million)
Table 96. Asia-Pacific Absorbent Glass Mat Battery Market, by End Use, 2021-2031 ($Million)
Table 97. Asia-Pacific Absorbent Glass Mat Battery Market, by Application, 2021-2031 ($Million)
Table 98. Asia-Pacific Automotive Absorbent Glass Mat Battery Market, by Type, 2021-2031 ($Million)
Table 99. Asia-Pacific Absorbent Glass Mat Battery Market, by Country, 2021-2031 ($Million)
Table 100. China Absorbent Glass Mat Battery Market, by Type, 2021-2031 ($Million)
Table 101. China Absorbent Glass Mat Battery Market, by Voltage Range, 2021-2031 ($Million)
Table 102. China Absorbent Glass Mat Battery Market, by End Use, 2021-2031 ($Million)
Table 103. China Absorbent Glass Mat Battery Market, by Application, 2021-2031 ($Million)
Table 104. China Automotive Absorbent Glass Mat Battery Market, by Type, 2021-2031 ($Million)
Table 105. Japan Absorbent Glass Mat Battery Market, by Type, 2021-2031 ($Million)
Table 106. Japan Absorbent Glass Mat Battery Market, by Voltage Range, 2021-2031 ($Million)
Table 107. Japan Absorbent Glass Mat Battery Market, by End Use, 2021-2031 ($Million)
Table 108. Japan Absorbent Glass Mat Battery Market, by Application, 2021-2031 ($Million)
Table 109. Japan Automotive Absorbent Glass Mat Battery Market, by Type, 2021-2031 ($Million)
Table 110. India Absorbent Glass Mat Battery Market, by Type, 2021-2031 ($Million)
Table 111. India Absorbent Glass Mat Battery Market, by Voltage Range, 2021-2031 ($Million)
Table 112. India Absorbent Glass Mat Battery Market, by End Use, 2021-2031 ($Million)
Table 113. India Absorbent Glass Mat Battery Market, by Application, 2021-2031 ($Million)
Table 114. India Automotive Absorbent Glass Mat Battery Market, by Type, 2021-2031 ($Million)
Table 115. South Korea Absorbent Glass Mat Battery Market, by Type, 2021-2031 ($Million)
Table 116. South Korea Absorbent Glass Mat Battery Market, by Voltage Range, 2021-2031 ($Million)
Table 117. South Korea Absorbent Glass Mat Battery Market, by End Use, 2021-2031 ($Million)
Table 118. South Korea Absorbent Glass Mat Battery Market, by Application, 2021-2031 ($Million)
Table 119. South Korea Automotive Absorbent Glass Mat Battery Market, by Type, 2021-2031 ($Million)
Table 120. Australia Absorbent Glass Mat Battery Market, by Type, 2021-2031 ($Million)
Table 121. Australia Absorbent Glass Mat Battery Market, by Voltage Range, 2021-2031 ($Million)
Table 122. Australia Absorbent Glass Mat Battery Market, by End Use, 2021-2031 ($Million)
Table 123. Australia Absorbent Glass Mat Battery Market, by Application, 2021-2031 ($Million)
Table 124. Australia Automotive Absorbent Glass Mat Battery Market, by Type, 2021-2031 ($Million)
Table 125. Rest of Asia-Pacific Absorbent Glass Mat Battery Market, by Type, 2021-2031 ($Million)
Table 126. Rest of Asia-Pacific Absorbent Glass Mat Battery Market, by Voltage Range, 2021-2031 ($Million)
Table 127. Rest of Asia-Pacific Absorbent Glass Mat Battery Market, by End Use, 2021-2031 ($Million)
Table 128. Rest of Asia-Pacific Absorbent Glass Mat Battery Market, by Application, 2021-2031 ($Million)
Table 129. Rest of Asia-Pacific Automotive Absorbent Glass Mat Battery Market, by Type, 2021-2031 ($Million)
Table 130. LAMEA Absorbent Glass Mat Battery Market, by Type, 2021-2031 ($Million)
Table 131. LAMEA Absorbent Glass Mat Battery Market, by Voltage Range, 2021-2031 ($Million)
Table 132. LAMEA Absorbent Glass Mat Battery Market, by End Use, 2021-2031 ($Million)
Table 133. LAMEA Absorbent Glass Mat Battery Market, by Application, 2021-2031 ($Million)
Table 134. LAMEA Automotive Absorbent Glass Mat Battery Market, by Type, 2021-2031 ($Million)
Table 135. LAMEA Absorbent Glass Mat Battery Market, by Country, 2021-2031 ($Million)
Table 136. Brazil Absorbent Glass Mat Battery Market, by Type, 2021-2031 ($Million)
Table 137. Brazil Absorbent Glass Mat Battery Market, by Voltage Range, 2021-2031 ($Million)
Table 138. Brazil Absorbent Glass Mat Battery Market, by End Use, 2021-2031 ($Million)
Table 139. Brazil Absorbent Glass Mat Battery Market, by Application, 2021-2031 ($Million)
Table 140. Brazil Automotive Absorbent Glass Mat Battery Market, by Type, 2021-2031 ($Million)
Table 141. Saudi Arabia Absorbent Glass Mat Battery Market, by Type, 2021-2031 ($Million)
Table 142. Saudi Arabia Absorbent Glass Mat Battery Market, by Voltage Range, 2021-2031 ($Million)
Table 143. Saudi Arabia Absorbent Glass Mat Battery Market, by End Use, 2021-2031 ($Million)
Table 144. Saudi Arabia Absorbent Glass Mat Battery Market, by Application, 2021-2031 ($Million)
Table 145. Saudi Arabia Automotive Absorbent Glass Mat Battery Market, by Type, 2021-2031 ($Million)
Table 146. South Africa Absorbent Glass Mat Battery Market, by Type, 2021-2031 ($Million)
Table 147. South Africa Absorbent Glass Mat Battery Market, by Voltage Range, 2021-2031 ($Million)
Table 148. South Africa Absorbent Glass Mat Battery Market, by End Use, 2021-2031 ($Million)
Table 149. South Africa Absorbent Glass Mat Battery Market, by Application, 2021-2031 ($Million)
Table 150. South Africa Automotive Absorbent Glass Mat Battery Market, by Type, 2021-2031 ($Million)
Table 151. Rest of LAMEA Absorbent Glass Mat Battery Market, by Type, 2021-2031 ($Million)
Table 152. Rest of LAMEA Absorbent Glass Mat Battery Market, by Voltage Range, 2021-2031 ($Million)
Table 153. Rest of LAMEA Absorbent Glass Mat Battery Market, by End Use, 2021-2031 ($Million)
Table 154. Rest of LAMEA Absorbent Glass Mat Battery Market, by Application, 2021-2031 ($Million)
Table 155. Rest of LAMEA Automotive Absorbent Glass Mat Battery Market, by Type, 2021-2031 ($Million)
Table 156. Clarios: Company Snapshot
Table 157. Clarios: Operating Segments
Table 158. Clarios: Product Portfolio
Table 159. Clarios: Net Sales
Table 160. Clarios: Key Strategies
Table 161. Exide Technologies: Company Snapshot
Table 162. Exide Technologies: Operating Segments
Table 163. Exide Technologies: Product Portfolio
Table 164. Exide Technologies: Net Sales
Table 165. Exide Technologies: Key Strategies
Table 166. Universal Power Group: Company Snapshot
Table 167. Universal Power Group: Operating Segments
Table 168. Universal Power Group: Product Portfolio
Table 169. Universal Power Group: Net Sales
Table 170. Universal Power Group: Key Strategies
Table 171. Enersys: Company Snapshot
Table 172. Enersys: Operating Segments
Table 173. Enersys: Product Portfolio
Table 174. Enersys: Net Sales
Table 175. Enersys: Key Strategies
Table 176. East Penn Manufacturing Company: Company Snapshot
Table 177. East Penn Manufacturing Company: Operating Segments
Table 178. East Penn Manufacturing Company: Product Portfolio
Table 179. East Penn Manufacturing Company: Net Sales
Table 180. East Penn Manufacturing Company: Key Strategies
Table 181. Yusa Group: Company Snapshot
Table 182. Yusa Group: Operating Segments
Table 183. Yusa Group: Product Portfolio
Table 184. Yusa Group: Net Sales
Table 185. Yusa Group: Key Strategies
Table 186. Flamm Energy Technology: Company Snapshot
Table 187. Flamm Energy Technology: Operating Segments
Table 188. Flamm Energy Technology: Product Portfolio
Table 189. Flamm Energy Technology: Net Sales
Table 190. Flamm Energy Technology: Key Strategies
Table 191. Robert Bosch GmbH: Company Snapshot
Table 192. Robert Bosch GmbH: Operating Segments
Table 193. Robert Bosch GmbH: Product Portfolio
Table 194. Robert Bosch GmbH: Net Sales
Table 195. Robert Bosch GmbH: Key Strategies
Table 196. Duracell Battery Company: Company Snapshot
Table 197. Duracell Battery Company: Operating Segments
Table 198. Duracell Battery Company: Product Portfolio
Table 199. Duracell Battery Company: Net Sales
Table 200. Duracell Battery Company: Key Strategies
Table 201. Johnson Controls International PLC: Company Snapshot
Table 202. Johnson Controls International PLC: Operating Segments
Table 203. Johnson Controls International PLC: Product Portfolio
Table 204. Johnson Controls International PLC: Net Sales
Table 205. Johnson Controls International PLC: Key Strategies
Table 206. Mk Battery: Company Snapshot
Table 207. Mk Battery: Operating Segments
Table 208. Mk Battery: Product Portfolio
Table 209. Mk Battery: Net Sales
Table 210. Mk Battery: Key Strategies
Table 211. Power Sonic Corporation: Company Snapshot
Table 212. Power Sonic Corporation: Operating Segments
Table 213. Power Sonic Corporation: Product Portfolio
Table 214. Power Sonic Corporation: Net Sales
Table 215. Power Sonic Corporation: Key Strategies

List of Figures
Figure 1. Absorbent Glass Mat Battery Market Segmentation
Figure 2. Absorbent Glass Mat Battery Market, 2021-2031
Figure 3. Absorbent Glass Mat Battery Market, 2021-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Absorbent Glass Mat Battery Mark.:Drivers, Restraints and Opportunities
Figure 12. Value Chain Analysis
Figure 13. Key Regulation Analysis
Figure 14. Absorbent Glass Mat Battery Market, By Type, 2021(%)
Figure 15. Comparative Share Analysis of Stationary Absorbent Glass Mat Battery Market, 2021-2031(%)
Figure 16. Comparative Share Analysis of Motive Absorbent Glass Mat Battery Market, 2021-2031(%)
Figure 17. Absorbent Glass Mat Battery Market, By Voltage Range, 2021(%)
Figure 18. Comparative Share Analysis of 2-4 Volts Absorbent Glass Mat Battery Market, 2021-2031(%)
Figure 19. Comparative Share Analysis of 6-8 Volts Absorbent Glass Mat Battery Market, 2021-2031(%)
Figure 20. Comparative Share Analysis of 12 Volts and Above Absorbent Glass Mat Battery Market, 2021-2031(%)
Figure 21. Absorbent Glass Mat Battery Market, By End Use, 2021(%)
Figure 22. Comparative Share Analysis of Oem Absorbent Glass Mat Battery Market, 2021-2031(%)
Figure 23. Comparative Share Analysis of Aftermarket Absorbent Glass Mat Battery Market, 2021-2031(%)
Figure 24. Absorbent Glass Mat Battery Market, By Application, 2021(%)
Figure 25. Comparative Share Analysis of Automotive Absorbent Glass Mat Battery Market, 2021-2031(%)
Figure 26. Comparative Share Analysis of Ups Absorbent Glass Mat Battery Market, 2021-2031(%)
Figure 27. Comparative Share Analysis of Industrial Absorbent Glass Mat Battery Market, 2021-2031(%)
Figure 28. Comparative Share Analysis of Energy Storage Absorbent Glass Mat Battery Market, 2021-2031(%)
Figure 29. Comparative Share Analysis of Others Absorbent Glass Mat Battery Market, 2021-2031(%)
Figure 30. Absorbent Glass Mat Battery Market by Region, 2021
Figure 31. U.S. Absorbent Glass Mat Battery Market, 2021-2031($Million)
Figure 32. Canada Absorbent Glass Mat Battery Market, 2021-2031($Million)
Figure 33. Mexico Absorbent Glass Mat Battery Market, 2021-2031($Million)
Figure 34. Germany Absorbent Glass Mat Battery Market, 2021-2031($Million)
Figure 35. France Absorbent Glass Mat Battery Market, 2021-2031($Million)
Figure 36. Italy Absorbent Glass Mat Battery Market, 2021-2031($Million)
Figure 37. Spain Absorbent Glass Mat Battery Market, 2021-2031($Million)
Figure 38. Uk Absorbent Glass Mat Battery Market, 2021-2031($Million)
Figure 39. Rest of Europe Absorbent Glass Mat Battery Market, 2021-2031($Million)
Figure 40. China Absorbent Glass Mat Battery Market, 2021-2031($Million)
Figure 41. Japan Absorbent Glass Mat Battery Market, 2021-2031($Million)
Figure 42. India Absorbent Glass Mat Battery Market, 2021-2031($Million)
Figure 43. South Korea Absorbent Glass Mat Battery Market, 2021-2031($Million)
Figure 44. Australia Absorbent Glass Mat Battery Market, 2021-2031($Million)
Figure 45. Rest of Asia-Pacific Absorbent Glass Mat Battery Market, 2021-2031($Million)
Figure 46. Brazil Absorbent Glass Mat Battery Market, 2021-2031($Million)
Figure 47. Saudi Arabia Absorbent Glass Mat Battery Market, 2021-2031($Million)
Figure 48. South Africa Absorbent Glass Mat Battery Market, 2021-2031($Million)
Figure 49. Rest of LAMEA Absorbent Glass Mat Battery Market, 2021-2031($Million)
Figure 50. Top Winning Strategies, by Year
Figure 51. Top Winning Strategies, by Development
Figure 52. Top Winning Strategies, by Company
Figure 53. Product Mapping of Top 10 Players
Figure 54. Competitive Dashboard
Figure 55. Competitive Heatmap of Top 10 Key Players
Figure 56. Clario.: Net Sales, ($Million)
Figure 57. Exide Technologie.: Net Sales, ($Million)
Figure 58. Universal Power Grou.: Net Sales, ($Million)
Figure 59. Enersy.: Net Sales, ($Million)
Figure 60. East Penn Manufacturing Compan.: Net Sales, ($Million)
Figure 61. Yusa Grou.: Net Sales, ($Million)
Figure 62. Flamm Energy Technolog.: Net Sales, ($Million)
Figure 63. Robert Bosch Gmb.: Net Sales, ($Million)
Figure 64. Duracell Battery Compan.: Net Sales, ($Million)
Figure 65. Johnson Controls International pl.: Net Sales, ($Million)
Figure 66. Mk Batter.: Net Sales, ($Million)
Figure 67. Power Sonic Corporatio.: Net Sales, ($Million)

Executive Summary

According to the report, “Absorbent Glass Mat Battery Market," the absorbent glass mat battery market size was valued at $11.6 billion in 2021, and absorbent glass mat industry is estimated to reach $19.5 billion by 2031, growing at 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. It is widely used in the automotive, military, UPS, energy storage, and other industries. They were used to power motorcycles, military, aircraft, and submarines, but now it is utilized in everyday cars and trucks. AGM batteries are maintenance free alternative to traditional flooded lead-acid batteries. Their AGM batteries are used for newly manufactured cars for start-stop technology in cars.

Increase in penetration of cloud computing and virtualization in the daily life has led to increase in the demand for datacenters. In addition, the advantages of technologies such as 5G, artificial intelligence, machine learning, data center construction, and others technologies related with telecommunications have huge impact over the market growth. In addition, growth in investment toward renewable energy sources such as solar and wind, has led to increase in the demand for energy storage devices, which led to increase in the demand for absorbent glass mat battery market. Growing concerns toward energy security coupled with cost saving potential is expected to positively compliment the adoption of absorbent glass mat battery during the forecast period.

APAC is growing rapidly with the increasing adoption of energy storage solutions for industrial, automotive, and other applications. Also, renewable energy integration in countries such as India and China is an additional factor fueling the market growth in APAC. North America holds a significant market share in the said market. Increase in usage of automotive vehicles catering to all powering needs, presence of key market players in the U.S., and increase in installation of AGM batteries for renewable energy applications are the key factors driving the market in this region. Another critical driving factor for the installation of AGM batteries in North America is the marine industry. Marine applications such as powerboats, personal watercrafts, yachts and heavy marine house power primarily comprises AGM battery systems. The above mentioned are the key factors that provide remunerative opportunities for the absorbent glass mat battery market growth.

The global absorbent glass mat battery market forecast is segmented on the basis of 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, 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 absorbent glass mat battery market share, followed by Asia-Pacific and Europe.

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. Due to rapid development in the power generation share of renewable energy resource across the globe and increasing investment of the government toward the solar and wind power plants have positive impact on the demand for energy storage devices. 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 Findings of the Study

  • North America is expected to exhibit CAGR of 5.0% during 2022-2031.
  • As per global Absorbent glass mat battery market analysis, by type, the stationary segment accounted for the largest share in 2021.
  • By voltage range, 2-4 volts was the leading segment in 2021.
  • By end-use, OEM segment occupies 65.3% of total market share in 2021.
  • By application, UPS segment has largest market share in 2021.

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 absorbent glass mat battery market opportunities.

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.

Companies Mentioned

  • 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

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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