The "Absorbent Glass Mat (AGM) Battery Market" is anticipated to experience rapid expansion. This study explores a number of crucial facets of the AGM battery market, covering voltage ranges like 2-4 Volts, 6-8 Volts, and 12 Volts & Above, various battery types like stationary and motive, end-user segments like OEM and aftermarket, and a variety of applications like automotive, UPS, energy storage, and industrial. The market for AGM batteries is expected to grow significantly, from an anticipated USD 10.2 billion in 2019 to an estimated USD 13.9 billion by 2025, according to the analysis. The Compound Annual Growth Rate (CAGR) for this growth trajectory is 5.3%.The report's conclusions highlight the robust potential of AGM battery technology and highlight its critical position in the changing landscape of energy storage and mobility solutions. This potential is driven by AGM battery technology's rising adoption across a wide range of industries and applications.

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The AGM battery market is expected to exhibit a very promising growth environment. This upward trend can be linked to a number of AGM batteries' intrinsic benefits, notably their noteworthy recyclability when compared to lithium-ion competitors. This increase is further fueled by the expanding need for powerful battery solutions in industries like UPS and energy storage. Additionally, the industry is growing rapidly as a result of rising investments in renewable energy sources. In addition to these factors, the AGM battery industry is rife with chances that both established and up-and-coming firms can take advantage of, allowing them to not only improve their current operations but also look into possibilities for business expansion. This overall context highlights the AGM battery market's enticing potential and opportunities, establishing it as a dynamic and developing industry within the larger energy and storage landscape.

Stationary battery type segment held largest share of AGM battery market

The stationary battery type sector of the AGM battery market has become the leading player, holding the biggest share. When it comes to dependable emergency or backup power sources that are designed to meet the unique requirements of critical loads, stationary batteries are essential. Their design offers great performance during prolonged deep discharges and is particularly well suited for standby power applications. AGM batteries have carved out a sizable place for themselves in this market for stationary batteries, finding extensive use in energy storage, marine operations, industrial settings, UPS systems, telecommunications infrastructure, utilities management, and medical equipment. This market domination is a reflection of the flexibility and dependability of AGM batteries in meeting the requirements of stationary applications, reiterating their critical role in guaranteeing a smooth and continuous power supply for numerous vital sectors.

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Market for energy storage application is expected to grow significantly during forecast period

Due to the increasing integration of renewable energy sources into power grids, the energy storage market is anticipated to increase significantly throughout the forecast period. The need for effective and adaptable energy storage systems with long operational lifespans has increased as a result of this change. Deep-cycle batteries have gained popularity for use in renewable energy applications because of their durability in meeting the special requirements of solar energy utilisation. Their capacity to withstand elements like erratic grid power, frequent cycling, and sporadic recharging is in line with solar energy dynamics. Among these, AGM batteries have distinguished themselves as the industry standard for energy storage, especially in massive solar and wind projects. Particularly for solar installations in remote or difficult-to-reach places, where trouble-free operation is crucial, their lack of maintenance becomes helpful. AGM batteries offer a cost-effective alternative, democratising battery storage for the utility sector in addition to their dependability. The use of AGM batteries is anticipated to increase greatly over the anticipated timeframe due to the booming global investments and the proliferation of renewable energy projects, thus solidifying their critical role in fostering the expansion of the energy storage sector.

APAC to exhibit largest market size during forecast period

With the greatest market size and the highest Compound Annual Growth Rate (CAGR) over the course of the projection period, the Asia-Pacific (APAC) region is positioned to become a key player in the AGM battery market. The region has a commensurate requirement for both traditional fossil fuel-based energy generation and the integration of renewable energy sources as a result of a sizable population driving an increased energy demand. AGM batteries have a vital role to play as a result of the increase in energy requirements and the desire for effective energy storage solutions. Notably, APAC is a hub for important market participants like Vision Group (China), HBL Power Systems Ltd. (India), Leoch (China), and B.B. Battery (China), who considerably contribute by offering AGM batteries across various applications. These factors taken together highlight the APAC region's AGM battery market's rapid expansion and strong growth potential, reiterating its leading role in influencing the direction of energy storage technologies.

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, are the major players operating in the AGM battery market.

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