Absorbent Glass Mat (AGM) Battery Market Analysis and Outlook Report: Industry Size, Share, Growth Trends, and Forecast (2025-2032)

Published On: Mar, 2025
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Pages: 157

"The Global Absorbent Glass Mat (AGM) Battery Market is valued at USD 12.74 Billion in 2025. Worldwide sales of Absorbent Glass Mat (AGM) Battery Market are expected to grow at a significant CAGR of 5.3%, reaching USD 18.29 Billion by the end of the forecast period in 2032."

The Absorbent Glass Mat (AGM) Battery Market refers to lead-acid batteries that utilize an absorbent fiberglass mat to hold the electrolyte, offering enhanced safety, durability, and performance compared to conventional flooded lead-acid batteries. AGM batteries are maintenance-free, spill-proof, and provide superior power density, making them widely used in automotive start-stop systems, motorcycles, marine applications, backup power systems, and renewable energy storage. Market growth is driven by increasing vehicle electrification trends, rising demand for reliable uninterrupted power supply (UPS) solutions, and expanding applications in telecom towers and grid storage. AGM technology's low internal resistance enables faster charging and high current discharge, supporting its adoption in heavy-duty and start-stop vehicle applications globally.

Asia-Pacific dominates the market, driven by high automotive production in China, Japan, and India, alongside industrial UPS and renewable energy deployments. North America and Europe remain significant markets due to strong automotive aftermarket demand and integration in smart grid storage systems. Challenges include competition from lithium-ion batteries in some applications, weight considerations, and recycling management. However, innovations in grid integration, improved cycling durability, and cost competitiveness are expanding AGM's use in hybrid vehicles, emergency lighting, and medical equipment. With rising infrastructure investments, energy security focus, and vehicle electrification initiatives, the AGM battery market is poised for steady growth, supported by its proven reliability, safety profile, and established manufacturing ecosystem.

The stationary segment is the largest in the Absorbent Glass Mat (AGM) battery market, primarily due to its widespread application in backup power systems, telecommunications, and UPS systems. Its reliability, maintenance-free nature, and long service life make it ideal for fixed energy storage solutions.

The 12 volts & above segment is the fastest-growing by voltage, driven by increasing demand in automotive, marine, and industrial applications. These batteries offer higher power output, making them suitable for vehicles, recreational equipment, and off-grid energy systems.

Global Absorbent Glass Mat (AGM) Battery Market Analysis 2025-2032: Industry Size, Share, Growth Trends, Competition and Forecast Report

Key Insights

  • AGM batteries are widely adopted in start-stop vehicle systems due to their ability to handle frequent charge-discharge cycles and provide high burst power for engine cranking and accessory loads.
  • Telecom towers and data centers use AGM batteries in UPS systems to ensure reliable backup power during grid failures, driven by the batteries' maintenance-free operation and compact design.
  • Marine and recreational vehicle segments utilize AGM batteries for deep cycle applications, as they are vibration-resistant, sealed, and safe for enclosed or tilted installations.
  • AGM technology is favored in renewable energy storage systems, especially small-scale solar and wind setups, due to its deep discharge capabilities and cost-effectiveness compared to lithium-ion alternatives.
  • Asia-Pacific leads global AGM battery production and consumption, driven by automotive OEM integration and industrial backup deployments across China, India, and Southeast Asia.
  • Manufacturers are innovating with advanced grid alloys, improved plate designs, and enhanced separator materials to increase battery lifespan and cycling performance.
  • In the automotive aftermarket, AGM batteries are replacing conventional flooded lead-acid batteries in premium vehicles, motorcycles, and performance cars for better cold-cranking performance and reliability.
  • AGM battery recycling and lead recovery programs are expanding, with industry efforts to meet circular economy targets and reduce environmental impact of lead-acid battery disposal.
  • Cost competitiveness remains a key advantage for AGM batteries in sectors where lithium-ion adoption is constrained by price sensitivity, weight tolerance, and charging infrastructure limitations.
  • Strategic partnerships between battery manufacturers and automotive OEMs are strengthening supply chains and enabling mass-scale adoption of AGM batteries in hybrid and auxiliary power applications.

Reort Scope

Parameter Detail
Base Year 2024
Estimated Year 2025
Forecast Period 2026-2034
Market Size-Units USD billion
Market Splits Covered By Type, By Application, By End User, By Voltage
Countries Covered North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Rest of Europe)
Asia-Pacific (China, India, Japan, Australia, Rest of APAC)
The Middle East and Africa (Middle East, Africa)
South and Central America (Brazil, Argentina, Rest of SCA)
Analysis Covered Latest Trends, Driving Factors, Challenges, Supply-Chain Analysis, Competitive Landscape, Company Strategies
Customization 10 % free customization (up to 10 analyst hours) to modify segments, geographies, and companies analyzed
Post-Sale Support 4 analyst hours, available up to 4 weeks
Delivery Format The Latest Updated PDF and Excel Datafile

  

What You Receive

• Global Absorbent Glass Mat Agm Battery market size and growth projections (CAGR), 2024- 2034
• Impact of recent changes in geopolitical, economic, and trade policies on the demand and supply chain of Absorbent Glass Mat Agm Battery.
• Absorbent Glass Mat Agm Battery market size, share, and outlook across 5 regions and 27 countries, 2025- 2034.
• Absorbent Glass Mat Agm Battery market size, CAGR, and Market Share of key products, applications, and end-user verticals, 2025- 2034.
• Short and long-term Absorbent Glass Mat Agm Battery market trends, drivers, restraints, and opportunities.
• Porter’s Five Forces analysis, Technological developments in the Absorbent Glass Mat Agm Battery market, Absorbent Glass Mat Agm Battery supply chain analysis.
• Absorbent Glass Mat Agm Battery trade analysis, Absorbent Glass Mat Agm Battery market price analysis, Absorbent Glass Mat Agm Battery Value Chain Analysis.
• Profiles of 5 leading companies in the industry- overview, key strategies, financials, and products.
• Latest Absorbent Glass Mat Agm Battery market news and developments.
The Absorbent Glass Mat Agm Battery Market international scenario is well established in the report with separate chapters on North America Absorbent Glass Mat Agm Battery Market, Europe Absorbent Glass Mat Agm Battery Market, Asia-Pacific Absorbent Glass Mat Agm Battery Market, Middle East and Africa Absorbent Glass Mat Agm Battery Market, and South and Central America Absorbent Glass Mat Agm Battery Markets. These sections further fragment the regional Absorbent Glass Mat Agm Battery market by type, application, end-user, and country.

Who can benefit from this research

The research would help top management/strategy formulators/business/product development/sales managers and investors in this market in the following ways
1. The report provides 2024 Absorbent Glass Mat Agm Battery market sales data at the global, regional, and key country levels with a detailed outlook to 2034, allowing companies to calculate their market share and analyze prospects, uncover new markets, and plan market entry strategy.
2. The research includes the Absorbent Glass Mat Agm Battery market split into different types and applications. This segmentation helps managers plan their products and budgets based on the future growth rates of each segment
3. The Absorbent Glass Mat Agm Battery market study helps stakeholders understand the breadth and stance of the market giving them information on key drivers, restraints, challenges, and growth opportunities of the market and mitigating risks
4. This report would help top management understand competition better with a detailed SWOT analysis and key strategies of their competitors, and plan their position in the business
5. The study assists investors in analyzing Absorbent Glass Mat Agm Battery business prospects by region, key countries, and top companies' information to channel their investments.

Available Customizations

The standard syndicate report is designed to serve the common interests of Absorbent Glass Mat Agm Battery Market players across the value chain and include selective data and analysis from entire research findings as per the scope and price of the publication.
However, to precisely match the specific research requirements of individual clients, we offer several customization options to include the data and analysis of interest in the final deliverable.

Some of the customization requests are as mentioned below :
Segmentation of choice – Our clients can seek customization to modify/add a market division for types/applications/end-uses/processes of their choice.
Absorbent Glass Mat Agm Battery Pricing and Margins Across the Supply Chain, Absorbent Glass Mat Agm Battery Price Analysis / International Trade Data / Import-Export Analysis
Supply Chain Analysis, Supply–Demand Gap Analysis, PESTLE Analysis, Macro-Economic Analysis, and other Absorbent Glass Mat Agm Battery market analytics
Processing and manufacturing requirements, Patent Analysis, Technology Trends, and Product Innovations
Further, the client can seek customization to break down geographies as per their requirements for specific countries/country groups such as South East Asia, Central Asia, Emerging and Developing Asia, Western Europe, Eastern Europe, Benelux, Emerging and Developing Europe, Nordic countries, North Africa, Sub-Saharan Africa, Caribbean, The Middle East and North Africa (MENA), Gulf Cooperation Council (GCC) or any other.
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1. Table of Contents
1.1 List of Tables
1.2 List of Figures

2. Absorbent Glass Mat (AGM) Battery Market Latest Trends, Drivers and Challenges, 2024 - 2032
2.1 Absorbent Glass Mat (AGM) Battery Market Overview
2.2 Market Strategies of Leading Absorbent Glass Mat (AGM) Battery Companies
2.3 Absorbent Glass Mat (AGM) Battery Market Insights, 2024 - 2032
2.3.1 Leading Absorbent Glass Mat (AGM) Battery Types, 2024 - 2032
2.3.2 Leading Absorbent Glass Mat (AGM) Battery End-User industries, 2024 - 2032
2.3.3 Fast-Growing countries for Absorbent Glass Mat (AGM) Battery sales, 2024 - 2032
2.4 Absorbent Glass Mat (AGM) Battery Market Drivers and Restraints
2.4.1 Absorbent Glass Mat (AGM) Battery Demand Drivers to 2032
2.4.2 Absorbent Glass Mat (AGM) Battery Challenges to 2032
2.5 Absorbent Glass Mat (AGM) Battery Market- Five Forces Analysis
2.5.1 Absorbent Glass Mat (AGM) Battery Industry Attractiveness Index, 2024
2.5.2 Threat of New Entrants
2.5.3 Bargaining Power of Suppliers
2.5.4 Bargaining Power of Buyers
2.5.5 Intensity of Competitive Rivalry
2.5.6 Threat of Substitutes

3. Global Absorbent Glass Mat (AGM) Battery Market Value, Market Share, and Forecast to 2032
3.1 Global Absorbent Glass Mat (AGM) Battery Market Overview, 2024
3.2 Global Absorbent Glass Mat (AGM) Battery Market Revenue and Forecast, 2024 - 2032 (US$ Million)

3.3 Global Absorbent Glass Mat (AGM) Battery Market Size and Share Outlook By Type, 2024 - 2032
3.3.1 Stationary AGM Batteries
3.3.2 Motoring AGM Batteries
3.3.3 By Voltage:
3.3.4 Below 12V
3.3.5 12V
3.3.6 Above 12V

3.4 Global Absorbent Glass Mat (AGM) Battery Market Size and Share Outlook By Application, 2024 - 2032
3.4.1 Automotive (Start-Stop Vehicles, Electric & Hybrid Vehicles, Motorcycles)
3.4.2 UPS & Backup Power
3.4.3 Renewable Energy Storage
3.4.4 Industrial Equipment
3.4.5 Telecommunications

3.5 Global Absorbent Glass Mat (AGM) Battery Market Size and Share Outlook By End-User, 2024 - 2032
3.5.1 OEM (Original Equipment Manufacturers)
3.5.2 Aftermarket

3.6 Global Absorbent Glass Mat (AGM) Battery Market Size and Share Outlook 0, 2024 - 2032


3.7 Global Absorbent Glass Mat (AGM) Battery Market Size and Share Outlook by Region, 2024 - 2032

4. Asia Pacific Absorbent Glass Mat (AGM) Battery Market Value, Market Share and Forecast to 2032
4.1 Asia Pacific Absorbent Glass Mat (AGM) Battery Market Overview, 2024
4.2 Asia Pacific Absorbent Glass Mat (AGM) Battery Market Revenue and Forecast, 2024 - 2032 (US$ Million)
4.3 Asia Pacific Absorbent Glass Mat (AGM) Battery Market Size and Share Outlook By Type, 2024 - 2032
4.4 Asia Pacific Absorbent Glass Mat (AGM) Battery Market Size and Share Outlook By Application, 2024 - 2032
4.5 Asia Pacific Absorbent Glass Mat (AGM) Battery Market Size and Share Outlook By End-User, 2024 - 2032
4.6 Asia Pacific Absorbent Glass Mat (AGM) Battery Market Size and Share Outlook 0, 2024 - 2032
4.7 Asia Pacific Absorbent Glass Mat (AGM) Battery Market Size and Share Outlook by Country, 2024 - 2032
4.8 Key Companies in Asia Pacific Absorbent Glass Mat (AGM) Battery Market

5. Europe Absorbent Glass Mat (AGM) Battery Market Value, Market Share, and Forecast to 2032
5.1 Europe Absorbent Glass Mat (AGM) Battery Market Overview, 2024
5.2 Europe Absorbent Glass Mat (AGM) Battery Market Revenue and Forecast, 2024 - 2032 (US$ Million)
5.3 Europe Absorbent Glass Mat (AGM) Battery Market Size and Share Outlook By Type, 2024 - 2032
5.4 Europe Absorbent Glass Mat (AGM) Battery Market Size and Share Outlook By Application, 2024 - 2032
5.5 Europe Absorbent Glass Mat (AGM) Battery Market Size and Share Outlook By End-User, 2024 - 2032
5.6 Europe Absorbent Glass Mat (AGM) Battery Market Size and Share Outlook 0, 2024 - 2032
5.7 Europe Absorbent Glass Mat (AGM) Battery Market Size and Share Outlook by Country, 2024 - 2032
5.8 Key Companies in Europe Absorbent Glass Mat (AGM) Battery Market

6. North America Absorbent Glass Mat (AGM) Battery Market Value, Market Share and Forecast to 2032
6.1 North America Absorbent Glass Mat (AGM) Battery Market Overview, 2024
6.2 North America Absorbent Glass Mat (AGM) Battery Market Revenue and Forecast, 2024 - 2032 (US$ Million)
6.3 North America Absorbent Glass Mat (AGM) Battery Market Size and Share Outlook By Type, 2024 - 2032
6.4 North America Absorbent Glass Mat (AGM) Battery Market Size and Share Outlook By Application, 2024 - 2032
6.5 North America Absorbent Glass Mat (AGM) Battery Market Size and Share Outlook By End-User, 2024 - 2032
6.6 North America Absorbent Glass Mat (AGM) Battery Market Size and Share Outlook 0, 2024 - 2032
6.7 North America Absorbent Glass Mat (AGM) Battery Market Size and Share Outlook by Country, 2024 - 2032
6.8 Key Companies in North America Absorbent Glass Mat (AGM) Battery Market

7. South and Central America Absorbent Glass Mat (AGM) Battery Market Value, Market Share and Forecast to 2032
7.1 South and Central America Absorbent Glass Mat (AGM) Battery Market Overview, 2024
7.2 South and Central America Absorbent Glass Mat (AGM) Battery Market Revenue and Forecast, 2024 - 2032 (US$ Million)
7.3 South and Central America Absorbent Glass Mat (AGM) Battery Market Size and Share Outlook By Type, 2024 - 2032
7.4 South and Central America Absorbent Glass Mat (AGM) Battery Market Size and Share Outlook By Application, 2024 - 2032
7.5 South and Central America Absorbent Glass Mat (AGM) Battery Market Size and Share Outlook By End-User, 2024 - 2032
7.6 South and Central America Absorbent Glass Mat (AGM) Battery Market Size and Share Outlook 0, 2024 - 2032
7.7 South and Central America Absorbent Glass Mat (AGM) Battery Market Size and Share Outlook by Country, 2024 - 2032
7.8 Key Companies in South and Central America Absorbent Glass Mat (AGM) Battery Market

8. Middle East Africa Absorbent Glass Mat (AGM) Battery Market Value, Market Share and Forecast to 2032
8.1 Middle East Africa Absorbent Glass Mat (AGM) Battery Market Overview, 2024
8.2 Middle East and Africa Absorbent Glass Mat (AGM) Battery Market Revenue and Forecast, 2024 - 2032 (US$ Million)
8.3 Middle East Africa Absorbent Glass Mat (AGM) Battery Market Size and Share Outlook By Type, 2024 - 2032
8.4 Middle East Africa Absorbent Glass Mat (AGM) Battery Market Size and Share Outlook By Application, 2024 - 2032
8.5 Middle East Africa Absorbent Glass Mat (AGM) Battery Market Size and Share Outlook By End-User, 2024 - 2032
8.6 Middle East Africa Absorbent Glass Mat (AGM) Battery Market Size and Share Outlook 0, 2024 - 2032
8.7 Middle East Africa Absorbent Glass Mat (AGM) Battery Market Size and Share Outlook by Country, 2024 - 2032
8.8 Key Companies in Middle East Africa Absorbent Glass Mat (AGM) Battery Market

9. Absorbent Glass Mat (AGM) Battery Market Structure
9.1 Key Players
9.2 Absorbent Glass Mat (AGM) Battery Companies - Key Strategies and Financial Analysis
9.2.1 Snapshot
9.2.3 Business Description
9.2.4 Products and Services
9.2.5 Financial Analysis

10. Absorbent Glass Mat (AGM) Battery Industry Recent Developments

11 Appendix
11.1 Publisher Expertise
11.2 Research Methodology
11.3 Annual Subscription Plans
11.4 Contact Information
 

   

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FAQ's

By 2032, the Absorbent Glass Mat (AGM) Battery Market is estimated to account for USD 18.29 Billion.

The Global Absorbent Glass Mat (AGM) Battery Market is expected to grow at a Compound Annual Growth Rate (CAGR) of 5.3% during the forecast period from 2025 to 2032.

The Global Absorbent Glass Mat (AGM) Battery Market is estimated to generate USD 12.74 Billion revenue in 2025.

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Policy reforms, strategic partnerships, and infrastructure upgrades are being advanced to secure energy security, reduce import dependency, and attract foreign investment into the country’s oil and gas value chain.Bangladesh’s oil and gas industry is structured around an integrated upstream, midstream, and downstream network, largely steered by public sector enterprises. In the upstream segment, domestic gas production is concentrated in the eastern part of the country, with key fields including Titas, Bibiyana, and Kailashtila. These assets are operated by companies such as Bangladesh Gas Fields Company Limited (BGFCL), Sylhet Gas Fields Limited (SGFL), and Chevron Bangladesh. However, production is declining, prompting new offshore exploration efforts in the Bay of Bengal. Midstream infrastructure includes a national pipeline network for gas transmission managed by Gas Transmission Company Limited (GTCL), along with Floating Storage and Regasification Units (FSRUs) at Moheshkhali to accommodate LNG imports. Additional onshore terminals are planned to enhance regasification and supply capacity. In the downstream segment, Bangladesh has one major refinery, Eastern Refinery Limited (ERL), which is undergoing modernization to improve fuel quality and processing efficiency. The downstream sector also includes city gas distribution networks, CNG filling stations, and fuel import terminals, with expansion efforts underway to meet growing urban and industrial demand.Bangladesh Oil and Gas Market Latest Developments In January 2025, the government initiated the renovation of 31 aging natural gas wells under a national plan to refurbish 100 wells by 2028, aiming to stabilize and boost domestic gas production.Petrobangla extended the international bidding deadline for offshore exploration blocks to December 2025, offering 24 blocks in the Bay of Bengal to attract foreign investment in untapped reserves.Argent LNG signed a preliminary agreement in early 2025 to supply Bangladesh with up to 5 million tonnes of LNG annually from a planned U.S.-based liquefaction terminal, expected to commence deliveries post-2027.Chevron resumed development work on the Jalalabad gas compression station in 2025, allocating an estimated $65 million to enhance pressure and extend the life of the field.Summit Group formally challenged a termination notice from Petrobangla over its proposed third FSRU terminal in southeast Bangladesh, continuing efforts to develop a 600 mmcfd regasification facility.The well renovation campaign is a critical short-term measure to restore production from existing fields and slow the rate of decline in domestic supply.Bangladesh is shifting focus from reliance on existing mature fields to unlocking new offshore gas reserves through competitive licensing and investment incentives.The Argent LNG deal underscores Bangladesh’s growing dependence on long-term LNG contracts to address seasonal shortages and mitigate exposure to spot market volatility.Chevron's continued infrastructure investments reflect its commitment to field sustainability and its strategic importance as the country’s largest producer.Midstream upgrades like compression stations are necessary to maintain flow rates as reservoir pressures decline in aging fields.The offshore bidding extension indicates that investor appetite remains cautious, requiring additional time and regulatory clarity to encourage participation.Long-term LNG deals with diversified suppliers such as the U.S. provide greater flexibility and resilience in Bangladesh’s import portfolio.The dispute over the third FSRU highlights regulatory uncertainty and conflicting interests between public and private stakeholders in infrastructure development.If completed, the proposed FSRU terminal would significantly enhance Bangladesh’s LNG import capacity, vital for meeting growing urban and industrial demand.The combination of well rehabilitation, exploration initiatives, LNG procurement, and infrastructure expansion illustrates a broad-based strategy to achieve gas security and energy diversification in the face of rising consumption and declining reserves.Bangladesh Oil and Gas Market Report Scope The "Bangladesh Oil and Gas Strategic Analysis and Outlook to 2032" is an all-encompassing report that delivers a full-spectrum evaluation of the nation’s oil and gas value chain—from exploration and production fields, refinery and LNG plant operations, to midstream pipelines and storage infrastructure in Bangladesh. Leveraging robust methodologies and proprietary databases, the study provides detailed asset-level data, historic and forecasted supply-demand trends (2015–2032), and a clear understanding of how recent developments, government policies, and market dynamics shape the sector. The Bangladesh Oil and Gas report equips industry stakeholders with actionable insights for investment, benchmarking, and strategic planning by profiling operational assets, new projects, and the competitive landscape across upstream, midstream, and downstream segments. Comprehensive market analytics are complemented by SWOT and investment opportunity analysis, highlighting growth drivers, operational risks, sector-specific challenges, and capital requirements. The study evaluates key companies’ strategies, performance, and market positions, providing an integrated view of where opportunities and bottlenecks exist. The scope extends to Bangladesh field-wise production, refinery-wise capacity, LNG terminal operations (including liquefaction and regasification units), and product flows through pipelines and storage. The research not only answers core market questions but also uncovers the evolving dynamics that will influence the future trajectory of Bangladesh country’s oil and gas industry. Bangladesh Asset-by-asset data covers all existing and upcoming oil and gas fields, refineries, LNG terminals, pipelines, and storage facilities, providing a granular view of national infrastructure. Historic and projected supply-demand analysis for crude oil, natural gas, and key refined products (gasoline, diesel, LPG, fuel oil, etc.) from 2015 to 2032. Recent developments, regulatory changes, and major project announcements are analyzed for their impact on market fundamentals and investment climate. Segmented insights into upstream (exploration and production), midstream (pipelines, LNG, storage), and downstream (refining, distribution) operations. Comprehensive overview of LNG sector including liquefaction and regasification terminals, contracted versus available capacity, and future outlook. Bangladesh Oil and Gas Industry SWOT analysis and sector-wise benchmarking to evaluate industry strengths, challenges, opportunities, and potential risks. Bangladesh Investment analysis detailing sector growth potential, required capital for new projects, and feasibility of ongoing and planned developments. Competitive landscape profiling of leading companies, with business strategies, operational performance, and market shares. Infrastructure benchmarking by market concentration in pipelines, refining, LNG, and storage segments, including capacity and utilization rates. Answers to key market questions, including evolving Bangladesh supply-demand dynamics, project status, leading market participants, and the future outlook for capacity, trade, and investment.

Published:Jul-2025