Absorbent Glass Mat (AGM) Battery Market by Voltage (2–4 Volts, 6–8 Volts, 12 Volts & Above), Type (Stationary, Motive), End User (OEM, Aftermarket), Application (Automotive, UPS, Energy storage, Industrial), and Geography - Global Forecast to 2025

Absorbent Glass Mat (AGM) Battery Market by Voltage (2–4 Volts, 6–8 Volts, 12 Volts & Above), Type (Stationary, Motive), End User (OEM, Aftermarket), Application (Automotive, UPS, Energy storage, Industrial), and Geography - Global Forecast to 2025

“Growing trend of using deep cycle technology in stationary AGM batteries propelling growth of AGM battery market”
The global AGM battery market is expected to grow at a CAGR of 5.3% from 2019 to 2025, reaching USD 13.9 billion by 2025 from USD 10.2 billion in 2019. Stationary batteries are seldom used for backup power, power supply storage, and emergency power applications. These batteries are meant for stand-by power supply applications with excellent long deep discharges. These batteries are used in static applications in the industrial sector, medical equipment, telecommunication devices, energy storage sector such as emergency lighting, and also by utilities. They are also applicable for stationary heavy duty applications such as backup power supply for UPS & emergency systems, standby power supply for ship & marine use, and power supply storage for solar & wind energy.

“AGM batteries with a voltage range of 12 Volts & above accounted for largest share during forecast period”
AGM batteries with a voltage range of 12 Volts & above are expected to hold a significant share of the AGM battery market during the forecast period. The majority of the manufacturers prefer these batteries as they support and power high-current applications and have a long life span. These batteries are one of the most demanded batteries giving a high-current performance and having longer design life. AGM batteries with this voltage range are equipped with high capacity and unmatched capabilities.

“Market for OEM end user segment to grow at significant CAGR during forecast period”
The AGM battery market for the OEM end user has a significant opportunity for applications such as automotive, industrial, and UPS, which is further boosting the growth of the market. Original equipment manufacturers are an important part of the market since they are engaged in customizing and selling the original product. OEMs have a significant role in the AGM battery ecosystem being the manufacturers of automotive vehicles, commercial vehicles, RVs, emergency lighting systems, military land vehicles, agriculture equipment, electric lifts, cleaning equipment, golf trolleys renewable energy systems, UPS, commercial inverters, solar power systems, and many more, which creates need for AGM batteries.

“AGM battery market in APAC to witness highest growth rate in coming years”
The AGM battery market in APAC is expected to grow at the highest CAGR from 2019 to 2025. The rising demand for AGM batteries from grid and microgrid applications in India and China is one of the factors driving the growth of this market. In addition to this, increase in renewable energy investments, regulations demanding energy efficiency, the expansion of power generation capacities, China being the major producer of lead, the electrification of the transport sector, and decline in costs due to technology advancements in developing countries in APAC have driven the growth of the AGM battery market. Also, industrial growth in countries such as India, China, South Korea, Malaysia, and Thailand is leading to the high growth of the AGM battery market for commercial and industrial applications.

To determine and verify the market size of several segments and subsegments, extensive primary interviews have been conducted with key personalities in the AGM battery market. Following is the breakup of the primary participants:
By Company Type: Tier 1 = 45 %, Tier 2 = 35%, and Tier 3 = 20%
By Designation: C-Level Executives = 40%, Directors = 45%, and Others = 15%
By Region: North America = 30%, Europe = 20%, APAC = 35%, and RoW = 15%

The report profiles the key players in the AGM battery market and analyzes their market rankings. A few prominent players profiled in this report include Clarios (US), Exide Technologies (US), EnerSys (US), Power Sonic Corporation (US), East Penn Manufacturing Company (US), C&D Technologies (US), Universal Power Group (US), and Fullriver Battery (US).

Research Coverage:
This research report categorizes the AGM battery market by type, end user, voltage, application, and region. The report describes the major drivers, restraints, challenges, and opportunities pertaining to this market, as well as the value chain and market ranking analysis.

Reasons to Buy the Report:
The report would help leaders/new entrants in the AGM battery market in the following ways:
1. The report segments the AGM battery market comprehensively and provides the market size estimation for all subsegments across different regions.
2. The report helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. The report would help stakeholders understand their competitors better and gain insights to improve their position in the AGM battery market. The competitive landscape section describes the competitor ecosystem.


  • INTRODUCTION
    • STUDY OBJECTIVES
    • MARKET DEFINITION AND SCOPE
      • INCLUSIONS AND EXCLUSIONS
    • STUDY SCOPE
      • MARKETS COVERED
      • GEOGRAPHIC SCOPE
      • YEARS CONSIDERED
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY AND PRIMARY RESEARCH
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
    • Table AGM BATTERY MARKET, IN TERMS OF VALUE AND VOLUME, 2017–2025
  • PREMIUM INSIGHTS
    • ATTRACTIVE GROWTH OPPORTUNITIES IN THE AGM BATTERY MARKET
    • AGM BATTERY MARKET, BY VOLTAGE
    • AGM BATTERY MARKET, BY TYPE
    • AGM BATTERY MARKET IN APAC, BY COUNTRY AND APPLICATION
    • AGM BATTERY MARKET, BY APPLICATION
    • AGM BATTERY MARKET, BY COUNTRY, 2018
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
        • Table COMPARISON SUMMARY OF VALVE-REGULATED LEAD-ACID BATTERIES AND LITHIUM-ION BATTERIES
    • VALUE CHAIN ANALYSIS
      • R&D
      • COMPONENT PROVIDERS
      • MANUFACTURERS
      • SYSTEM INTEGRATORS & DISTRIBUTORS
      • END-USERS
      • POST-SALES SERVICE PROVIDERS
  • AGM BATTERY MARKET, BY VOLTAGE
    • INTRODUCTION
      • Table AGM BATTERY MARKET, BY VOLTAGE, 2017–2025 (USD MILLION)
    • 2–4 V
      • DESIGNED TO MEET THE NEEDS OF UPS AND OTHER GENERALPURPOSE APPLICATIONS
    • 6–8 V
      • SUITABLE FOR DEEP-CYCLE APPLICATIONS
    • 12 V & ABOVE
      • DESIGNED FOR HIGH-CURRENT APPLICATIONS, THUS THE MOST DEMANDED ONES
  • AGM BATTERY MARKET, BY TYPE
    • INTRODUCTION
      • Table AGM BATTERY MARKET, BY TYPE, 2017–2025 (USD MILLION)
    • STATIONARY
      • DEEP-CYCLE TECHNOLOGY IN STATIONARY AGM BATTERIES PROVIDES POWER FOR LONGER TIME WITH LOW DISCHARGE RATE
        • Table STATIONARY AGM BATTERY MARKET, BY APPLICATION, 2017–2025 (USD MILLION)
        • Table STATIONARY AGM BATTERY MARKET, BY REGION, 2017–2025 (USD MILLION)
        • Table STATIONARY AGM BATTERY MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
        • Table STATIONARY AGM BATTERY MARKET IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
        • Table STATIONARY AGM BATTERY MARKET IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
        • Table STATIONARY AGM BATTERY MARKET IN ROW, BY REGION, 2017–2025 (USD MILLION)
    • MOTIVE
      • REDUCED CO2 EMISSION AND NOISE REDUCTION DRIVE THE DEMAND FOR MOTIVE AGM BATTERIES
        • Table MOTIVE AGM BATTERY MARKET, BY APPLICATION, 2017–2025 (USD MILLION)
        • Table MOTIVE AGM BATTERY MARKET, BY REGION, 2017–2025 (USD MILLION)
        • Table MOTIVE AGM BATTERY MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
        • Table MOTIVE AGM BATTERY MARKET IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
        • Table MOTIVE AGM BATTERY MARKET IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
        • Table MOTIVE AGM BATTERY MARKET IN ROW, BY REGION, 2017–2025 (USD MILLION)
  • AGM BATTERY MARKET, BY END-USER
    • INTRODUCTION
      • Table AGM BATTERY MARKET, BY END-USER, 2017–2025 (USD MILLION)
    • OEM
      • OEM SEGMENT IS ONE OF THE BIGGEST ADOPTERS OF AGM BATTERIES
        • Table AGM BATTERY MARKET FOR OEM, BY APPLICATION, 2017–2025 (USD MILLION)
        • Table AGM BATTERY MARKET FOR OEM, BY REGION, 2017–2025 (USD MILLION)
    • AFTERMARKET
      • RISING NEED FOR REPLACING OLD AGM BATTERIES DRIVES THE AFTERMARKET SEGMENT
        • Table AGM BATTERY MARKET FOR AFTERMARKET, BY APPLICATION, 2017–2025 (USD MILLION)
        • Table AGM BATTERY MARKET FOR AFTERMARKET, BY REGION, 2017–2025 (USD MILLION)
  • AGM BATTERY MARKET, BY APPLICATION
    • INTRODUCTION
      • Table AGM BATTERY MARKET, BY APPLICATION, 2017–2025 (USD MILLION)
    • AUTOMOTIVE
      • PASSENGER VEHICLE
      • MOTORCYCLE
      • OTHERS
        • Table AGM BATTERY MARKET FOR AUTOMOTIVE APPLICATION, VEHICLE TYPE, 2017–2025 (USD MILLION)
        • Table AGM BATTERY MARKET FOR AUTOMOTIVE APPLICATION, BY TYPE, 2017–2025 (USD MILLION)
        • Table AGM BATTERY MARKET FOR AUTOMOTIVE APPLICATION, BY END-USER, 2017–2025 (USD MILLION)
        • Table AGM BATTERY MARKET FOR AUTOMOTIVE APPLICATION, BY REGION, 2017–2025 (USD MILLION)
        • Table AGM BATTERY MARKET FOR AUTOMOTIVE APPLICATION IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
        • Table AGM BATTERY MARKET FOR AUTOMOTIVE APPLICATION IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
        • Table AGM BATTERY MARKET FOR AUTOMOTIVE APPLICATION IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
        • Table AGM BATTERY MARKET FOR AUTOMOTIVE APPLICATION IN ROW, BY REGION, 2017–2025 (USD MILLION)
    • UPS
      • AGM BATTERIES WORK AS AN EMERGENCY POWER SUPPLY FOR VARIOUS INDUSTRIES
        • Table AGM BATTERY MARKET FOR UPS APPLICATION, BY TYPE, 2017–2025 (USD MILLION)
        • Table AGM BATTERY MARKET FOR UPS APPLICATION, BY END-USER, 2017–2025 (USD MILLION)
        • Table AGM BATTERY MARKET FOR UPS APPLICATION, BY REGION, 2017–2025 (USD MILLION)
        • Table AGM BATTERY MARKET FOR UPS APPLICATION IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
        • Table AGM BATTERY MARKET FOR UPS APPLICATION IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
        • Table AGM BATTERY MARKET FOR UPS APPLICATION IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
        • Table AGM BATTERY MARKET FOR UPS APPLICATION IN ROW, BY REGION, 2017–2025 (USD MILLION)
    • INDUSTRIAL
      • GROWTH IN INDUSTRIAL AUTOMATION IS EXPECTED TO BOOST THE DEMAND FOR AGM BATTERIES
        • Table AGM BATTERY MARKET FOR INDUSTRIAL APPLICATION, BY TYPE, 2017–2025 (USD MILLION)
        • Table AGM BATTERY MARKET FOR INDUSTRIAL APPLICATION, BY END-USER, 2017–2025 (USD MILLION)
        • Table AGM BATTERY MARKET FOR INDUSTRIAL APPLICATION, BY REGION, 2017–2025 (USD MILLION)
        • Table AGM BATTERY MARKET FOR INDUSTRIAL APPLICATION IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
        • Table AGM BATTERY MARKET FOR INDUSTRIAL APPLICATION IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
        • Table AGM BATTERY MARKET FOR INDUSTRIAL APPLICATION IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
        • Table AGM BATTERY MARKET FOR INDUSTRIAL APPLICATION IN ROW, BY REGION, 2017–2025 (USD MILLION)
    • ENERGY STORAGE
      • RAPID GROWTH OF RENEWABLE ENERGY INSTALLATIONS DRIVE THE DEMAND FOR AGM BATTERIES IN ENERGY STORAGE APPLICATIONS
        • Table AGM BATTERY MARKET FOR ENERGY STORAGE APPLICATION, BY TYPE, 2017–2025 (USD MILLION)
        • Table AGM BATTERY MARKET FOR ENERGY STORAGE APPLICATION, BY END-USER, 2017–2025 (USD MILLION)
        • Table AGM BATTERY MARKET FOR ENERGY STORAGE APPLICATION, BY REGION, 2017–2025 (USD MILLION)
        • Table AGM BATTERY MARKET FOR ENERGY STORAGE APPLICATION IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
        • Table AGM BATTERY MARKET FOR ENERGY STORAGE APPLICATION IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
        • Table AGM BATTERY MARKET FOR ENERGY STORAGE APPLICATION IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
        • Table AGM BATTERY MARKET FOR ENERGY STORAGE APPLICATION IN ROW, BY REGION, 2017–2025 (USD MILLION)
    • OTHERS
      • MEDICAL EQUIPMENT
      • MARINE
        • Table AGM BATTERY MARKET FOR OTHERS APPLICATION, BY TYPE, 2017–2025 (USD MILLION)
        • Table AGM BATTERY MARKET FOR OTHERS APPLICATION, BY END-USER, 2017–2025 (USD MILLION)
        • Table AGM BATTERY MARKET FOR OTHERS APPLICATION, BY REGION, 2017–2025 (USD MILLION)
        • Table AGM BATTERY MARKET FOR OTHERS APPLICATION IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
        • Table AGM BATTERY MARKET FOR OTHERS APPLICATION IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
        • Table AGM BATTERY MARKET FOR OTHERS APPLICATION IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
        • Table AGM BATTERY MARKET FOR OTHERS APPLICATION IN ROW, BY REGION, 2017–2025 (USD MILLION)
  • GEOGRAPHIC ANALYSIS
    • INTRODUCTION
      • Table AGM BATTERY MARKET, BY REGION, 2017–2025 (USD MILLION)
    • NORTH AMERICA
      • Table AGM BATTERY MARKET IN NORTH AMERICA, BY END-USER, 2017–2025 (USD MILLION)
      • Table AGM BATTERY MARKET IN NORTH AMERICA, BY TYPE, 2017–2025 (USD MILLION)
      • Table AGM BATTERY MARKET IN NORTH AMERICA, BY APPLICATION, 2017–2025 (USD MILLION)
      • Table AGM BATTERY MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
      • US
        • Table AGM BATTERY MARKET IN US, BY TYPE, 2017–2025 (USD MILLION)
        • Table AGM BATTERY MARKET IN US, BY APPLICATION, 2017–2025 (USD MILLION)
      • CANADA
        • Table AGM BATTERY MARKET IN CANADA, BY TYPE, 2017–2025 (USD MILLION)
        • Table AGM BATTERY MARKET IN CANADA, BY APPLICATION, 2017–2025 (USD MILLION)
      • MEXICO
        • Table AGM BATTERY MARKET IN MEXICO, BY TYPE, 2017–2025 (USD MILLION)
        • Table AGM BATTERY MARKET IN MEXICO, BY APPLICATION, 2017–2025 (USD MILLION)
    • EUROPE
      • Table AGM BATTERY MARKET IN EUROPE, BY END-USER, 2017–2025 (USD MILLION)
      • Table AGM BATTERY MARKET IN EUROPE, BY TYPE, 2017–2025 (USD MILLION)
      • Table AGM BATTERY MARKET IN EUROPE, BY APPLICATION, 2017–2025 (USD MILLION)
      • Table AGM BATTERY MARKET IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
      • GERMANY
        • Table AGM BATTERY MARKET IN GERMANY, BY TYPE, 2017–2025 (USD MILLION)
        • Table AGM BATTERY MARKET IN GERMANY, BY APPLICATION, 2017–2025 (USD MILLION)
      • UK
        • Table AGM BATTERY MARKET IN UK, BY TYPE, 2017–2025 (USD MILLION)
        • Table AGM BATTERY MARKET IN UK, BY APPLICATION, 2017–2025 (USD MILLION)
      • FRANCE
        • Table AGM BATTERY MARKET IN FRANCE, BY TYPE, 2017–2025 (USD MILLION)
        • Table AGM BATTERY MARKET IN FRANCE, BY APPLICATION, 2017–2025 (USD MILLION)
      • REST OF EUROPE
        • Table AGM BATTERY MARKET IN ROE, BY TYPE, 2017–2025 (USD MILLION)
        • Table AGM BATTERY MARKET IN ROE, BY APPLICATION, 2017–2025 (USD MILLION)
    • APAC
      • Table AGM BATTERY MARKET IN APAC, BY END-USER, 2017–2025 (USD MILLION)
      • Table AGM BATTERY MARKET IN APAC, BY TYPE, 2017–2025 (USD MILLION)
      • Table AGM BATTERY MARKET IN APAC, BY APPLICATION, 2017–2025 (USD MILLION)
      • Table AGM BATTERY MARKET IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
      • CHINA
        • Table AGM BATTERY MARKET IN CHINA, BY TYPE, 2017–2025 (USD MILLION)
        • Table AGM BATTERY MARKET IN CHINA, BY APPLICATION, 2017–2025 (USD MILLION)
      • JAPAN
        • Table AGM BATTERY MARKET IN JAPAN, BY TYPE, 2017–2025 (USD MILLION)
        • Table AGM BATTERY MARKET IN JAPAN, BY APPLICATION, 2017–2025 (USD MILLION)
      • INDIA
        • Table AGM BATTERY MARKET IN INDIA, BY TYPE, 2017–2025 (USD MILLION)
        • Table AGM BATTERY MARKET IN INDIA, BY APPLICATION, 2017–2025 (USD MILLION)
      • REST OF APAC
        • Table AGM BATTERY MARKET IN ROAPAC, BY TYPE, 2017–2025 (USD MILLION)
        • Table AGM BATTERY MARKET IN ROAPAC, BY APPLICATION, 2017–2025 (USD MILLION)
    • ROW
      • Table AGM BATTERY MARKET IN ROW, BY END-USER, 2017–2025 (USD MILLION)
      • Table AGM BATTERY MARKET IN ROW, BY TYPE, 2017–2025 (USD MILLION)
      • Table AGM BATTERY MARKET IN ROW, BY APPLICATION, 2017–2025 (USD MILLION)
      • Table AGM BATTERY MARKET IN ROW, BY REGION, 2017–2025 (USD MILLION)
      • MIDDLE EAST & AFRICA
        • Table AGM BATTERY MARKET IN MIDDLE EAST & AFRICA, BY TYPE, 2017–2025 (USD MILLION)
        • Table AGM BATTERY MARKET IN MIDDLE EAST & AFRICA, BY APPLICATION, 2017–2025 (USD MILLION)
      • SOUTH AMERICA
        • Table AGM BATTERY MARKET IN SOUTH AMERICA, BY TYPE, 2017–2025 (USD MILLION)
        • Table AGM BATTERY MARKET IN SOUTH AMERICA, BY APPLICATION, 2017–2025 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET RANKING ANALYSIS, 2018
    • COMPETITIVE LEADERSHIP MAPPING
      • VISIONARY LEADERS
      • DYNAMIC DIFFERENTIATORS
      • INNOVATORS
      • EMERGING COMPANIES
    • COMPETITIVE SITUATIONS AND TRENDS
      • PRODUCT LAUNCHES AND DEVELOPMENTS
        • Table PRODUCT LAUNCHES AND DEVELOPMENTS, 2018
      • EXPANSIONS, ACQUISITIONS, AND AGREEMENTS
        • Table EXPANSIONS, ACQUISITIONS, AND AGREEMENTS, 2018–2019
  • COMPANY PROFILES
    • KEY PLAYERS
      • EXIDE TECHNOLOGIES
      • CLARIOS
      • POWER SONIC CORPORATION
      • ENERSYS
      • EAST PENN MANUFACTURING COMPANY
      • C&D TECHNOLOGIES
      • PANASONIC INDUSTRY EUROPE
      • STORAGE BATTERY SYSTEMS
      • FULLRIVER BATTERY
      • UNIVERSAL POWER GROUP
    • RIGHT-TO-WIN
    • OTHER COMPANIES
      • BOSCH
      • CROWN BATTERY
      • GS BATTERY
      • CELLPOWER BATTERIES
      • FIAMM ENERGY TECHNOLOGY
      • B.B. BATTERY
      • CONCORDE BATTERY CORPORATION
      • LEOCH
      • VICTRON ENERGY
      • ROLLS BATTERY
      • VMAX USA
      • EAGLEPICHER TECHNOLOGIES
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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