The global absorbent glass mat (AGM) battery market garnered US$ 11 Billion in 2021, and is likely to exhibit a Y-o-Y increase of 5.3% to be valued at US$ 11.2 Billion in 2022.

1. The global absorbent glass mat(AGM) battery Industry is estimated to garner US$ 18 Billion while
exhibiting a 4.8% CAGR during the forecast period. The growing support from several governments is
likely to fuel the market growth in the coming years. The industry is expected to secure US$ 11.2
Billion in 2022.
The primary factor driving the growth of the absorbent glass mat (AGM) battery market is the
number of research and development projects conducted by leading manufacturers, as well as the
production of maintenance-free and non-spill batteries with long life. The growing global demand
for renewable energy projects is also expected to fuel market demand over the forecast period.
The UPS segment is likely to offer remunerative opportunities for the global absorbent glass
mat(AGM) battery market. Several emerging economies are making significant developments in
their automotive sector, thereby, providing lucrative opportunities to players in the market.
Key Takeaways:
 By application, the UPS segment is expected to record a 3.8% CAGR by 2032
 By voltage, the 2-4volts segment to expand at a 3.2% growth rate during the forecast period
 The U.S market to garner US$ 6 Billion and record a 4.5% CAGR from 2022-2032
 Market in China to procure US$ 1 Billion, expanding at a 4.1% growth rate during the
assessment period
“Rising penetration of renewable energy across grids has boosted the need for efficient and flexible
energy storage solutions is expected to fuel the demand of absorbent glass mat (AGM) battery
market over the forecast period,” says an FMI analyst.
Competitive Landscape
Eminent players of the global absorbent glass mat (AGM) battery market include Clarios, Power
Sonic Corporation, Exide Technologies, C&D Technologies, East Penn Manufacturing Company
among others. Recent key developments among players include:
 In November 2021- Clarios entered a strategic collaboration with China Lithium Battery
Technology Company (CALB) to develop low-voltage lithium-ion battery systems to address
the growing electrical needs of global automaker. The partnership will develop and
manufacture low-voltage lithium-ion battery systems with lithium iron phosphate (LFP) cells
to support the needs of electric vehicles — combining CALB’s lithium-ion cell expertise with
Clarios’ battery system and vehicle integration capabilities.
 In May 2021 – Exide Technologies, updated its Exide Premium range with a modern new
black design with new recycled components for reduced environmental impact. The change
will lead to savings of 2,700 tons of CO2, 8 million litres of water and 1.2 million litres of
crude oil in Exide’s manufacturing each year.
More Valuable Insights
Future Market Insights, in its new offering, presents an unbiased analysis of the global absorbent
glass mat (AGM) battery market presenting a historical analysis from 2015 to 2021 and forecast
statistics for the period of 2022-2032.

2. The study reveals essential insights on the basis of Type (Stationary, Motive) by Voltage (2-4 Volts, 6-
8 volts, 12 volts and above) by end-user (OEM, Aftermarket) by Application (Automotive, UPS,
Industrial, Energy storage, others), and Region (North America, Europe, Asia-Pacific, Middle East &
Africa, and Latin America)
Read More: https://www.futuremarketinsights.com/reports/absorbent-glass-mat-agm-battery-
market