AGM Battery Market Expected to Register $13.9 Billion by 2025


Posted May 31, 2023 by avinashgogawale14

The Absorbent Glass Mat Battery Market Size would increase from USD 10.2 billion in 2019 to USD 13.9 billion by 2025 with a CAGR of 5.3%.
 
The AGM (Absorbent Glass Mat) Battery Market has expanded significantly over the past several years and is predicted to do so steadily going forward. The market has a value of USD 10.2 billion in 2019 and is anticipated to increase at a compound yearly growth rate (CAGR) of 5.3% to reach USD 13.9 billion by 2025.

Modern lead-acid batteries called AGM (Absorbent Glass Mat) batteries provide a number of benefits over flooded batteries. These batteries use a mat of thin, ultra-fine fibreglass that has been soaked with sulfuric acid and is placed in between the battery plates. As opposed to flooded batteries, which have extra liquid, AGM batteries are starved or dry batteries because the fibreglass mat is saturated with sulfuric acid to 95% of their initial capacity.

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AGM batteries are used in a variety of locations and industries. They are frequently utilised as deep-cycle batteries for applications requiring frequent charging and discharging cycles, stand-by power solutions in essential applications, and starter batteries for cars. AGM batteries' built-in features, which include maintenance-free operation, increased safety, and vibration resistance, make them suited for a variety of high-current applications.

Clarios (US), EnerSys (US), and Exide Technologies (US) are among the Key Players in the AGM Battery Market.

Exide Technologies (US), Clarios (US), and EnerSys (US) are well-known manufacturers of AGM (Absorbent Glass Mat) batteries. Clarios stands out among them as a pioneer in AGM technology on a global scale. Clarios, a division of Brookfield Business Partners, focuses on offering sophisticated energy storage solutions globally. AGM batteries, low-voltage lithium-ion batteries, improved flooded batteries, and traditional lead-acid batteries are just a few of the battery technologies that Clarios offers for a variety of vehicles. The portfolio of brands owned by the corporation consists of Varta, Optima, LTH, Heliar, Delkor, and Bateras Mac. These companies offer AGM batteries for vehicles and watercraft, including motorbikes, cars, trucks, electric boats, yachts, and motorboats.

Clarios AGM batteries are particularly well-liked for use in recently produced automobiles with start-stop technology. With 3–8 times the cycle life of normal batteries, these batteries provide important advantages. They also have excellent starting power, minimal self-discharge, strong vibration tolerance, and deep-cycle characteristics. Clarios occupies a leadership position in automotive battery technology thanks to its wide selection of AGM batteries and other battery choices designed for various vehicle types. This puts the business in a good position to benefit from the market for AGM batteries' expanding trends. Clarios is a flexible and dependable competitor in the industry since it can meet the various needs of both fully electric and conventional automobiles.

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With a significant market share in the AGM Battery Market, EnerSys (US) is a well-known manufacturer and distributor of industrial batteries on a global scale. Through its Reserve Power Products business area, the company provides services to this market. Offering AGM batteries under well-known names like DataSafe and Odyssey, EnerSys serves a variety of industries, including the automotive, IT, UPS, and marine sectors. The AGM Battery range from EnerSys is a top choice for automobiles, boats, trucks, commercial vehicles, powersports equipment and generators because it offers great power and performance. These batteries are designed to operate better than regular batteries and have a lifespan of up to three times as long. High-quality polymer casings and tough construction ensure their durability and spill-proof functioning.

The EnerSys AGM batteries are a dependable and effective solution for engine start applications for emergency lifeboats. In addition to offering greater performance, these batteries help cut the cost of gasoline for numerous applications. EnerSys, a major player in the worldwide industrial battery market, uses its knowledge and cutting-edge technology to produce premium AGM batteries that can adapt to the changing demands of various industries. Their emphasis on toughness, efficiency, and dependability makes them a dependable option in the AGM battery market.

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Lead acid batteries are produced and distributed globally by Exide Technologies (US), which covers both automotive and industrial uses. The company is a major player in the AGM battery market, providing AGM batteries to a number of sectors, including renewable energy, telecommunications, marine, transportation, and telecommunications. AGM batteries are available from Exide Technologies for a variety of vehicles and uses. Motorcycles, scooters, SUVs, trucks, personal watercraft, ATVs, snowmobiles, and utility vehicles all use these batteries. The company's affiliate, GNB Industrial Power, also participates in the market's supply of AGM batteries.

Numerous benefits are offered by Exide Technologies' AGM batteries. They receive charges more quickly than traditional flooded batteries, allowing for faster recharging. Durability and dependability are ensured by the spill-proof design and vibration resistance of these batteries. They also boast stronger construction, higher cycling capacities, and longer battery life. The AGM batteries also deliver balanced deep cycling, are corrosion-resistant, and don't require any maintenance. Exide Technologies puts a lot of focus on the transportation market because many of their AGM battery products are made for applications such as SUVs, trucks, auto rickshaws, personal watercraft, heavy-duty vehicles, and similar ones. The company wants to serve the various needs of the transportation sector and offer dependable AGM battery solutions by concentrating on this market.

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Last Updated May 31, 2023