The AGM Battery Market Size is estimated to grow from USD 10.2 billion in 2019 to USD 13.9 billion by 2025; it is expected to grow at a CAGR of 5.3%.

The growth of this market is expected to be driven by the inherent benefits of AGM batteries such as their maintenance free & non-spillable nature, upsurge in renewable energy investments, increasing demand for energy storage solutions for high-current applications such as UPS, and easily recycling of AGM batteries compared with lithium-ion batteries. The report covers the market segmented into type, voltage, end user, application, and geography.

UPS application to dominate AGM battery market during forecast period

Based on application, the market for the UPS application dominated the market in 2018. UPS (Uninterruptible power supply) applications make use of a wide variety of battery types; however, lead acid batteries are currently the most common technology. UPS is among the initial applications for AGM batteries. UPS is used for emergency backup applications for many commercial and industrial purposes. The AGM battery provides high current for short durations for the UPS system. AGM batteries are a preferred choice for UPS systems due to their properties such as low internal resistance, higher specific power & efficiency, low purchasing costs, and low self-discharge rate.

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Key Players:

Clarios (US), Power Sonic Corporation (US), Exide Technologies (US), C&D Technologies (US), Fullriver Battery (US), East Penn Manufacturing Company (US), Universal Power Group (US), EnerSys (US), among others, are the major players operating in AGM Battery Market.

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

Clarios (US) is one of the global leaders in AGM technology. It is a global provider of advanced energy storage solutions, operating as a subsidiary of Brookfield Business Partners. The company is into manufacturing advanced battery technologies for every type of vehicle, which include AGM batteries, low-voltage lithium ion batteries, enhanced flooded batteries, and standard lead-acid batteries. The company’s brands include Varta, Optima, LTH, Heliar, Delkor and Baterías Mac. It provides AGM batteries through its brands for automotive and marine applications such as motorcycles, cars, trucks, electric boats, yachts, and motorboats. Their AGM batteries are used for newly manufactured cars for start-stop technology in cars. Their AGM batteries have 3–8 times the cycle life compared to conventional batteries. The additional features of these batteries are high vibration resistance, low self-discharge, optimal starting power, and deep-cycle power. The company has a leading position in vehicle battery technologies for every type of vehicle from conventional to fully electric vehicles. The company is well positioned to capitalize on the AGM Battery Market trends since it has a wide range of AGM batteries as well as other batteries with different functionality used in all types of vehicles.

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EnerSys (US) is one of the global manufacturers and distributors of industrial batteries. It caters to the AGM Battery Market through its Reserve Power Products business segment. AGM batteries are sold under the brands such as DataSafe and Odyssey for automobile, IT, UPS, and marine applications. Their AGM Battery line from EnerSys provides superior power and performance for cars, boats, trucks, fleet vehicles, powersports, and generators. They are designed and built in such a way that they can last up to 3 times as long as conventional batteries. The batteries are designed with high-grade polymer casings, rugged construction, and are non-spillable, reduce fuel costs, and ensure extreme shock and vibration resistance for the toughest off-road applications. Their AGM batteries are also an ideal solution for engine start applications in emergency lifeboats.

Exide Technologies (US) is a global provider of lead acid batteries including automotive and industrial batteries. The company distributes its AGM batteries for transportation, marine, telecommunications, railway, and renewable energy industries. Their AGM batteries are used in motorcycles, scooters, SUVs, trucks, personal watercraft, ATVs, snowmobiles, and utility applications. Exide Technologies along with its subsidiary GNB Industrial Power provides AGM batteries. Their AGM batteries provide greater charge acceptance than conventional flooded batteries and allow quicker recharge. Their AGM batteries are featured as spill proof, vibration resistant, longer battery life, rugged construction, high cycling, high reserve capacity, maintenance free, balanced deep cycling, corrosion resistant. The company is strongly focused on its transportation segment since the majority of its AGM battery products have applications in SUVs, trucks, auto rickshaws, personal watercrafts, heavy duty, etc.

News Covered:

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