AGM Battery Market Poised for Robust Expansion, Eyes $20.4 Billion Value by 2030: In-Depth Analysis on Trends and Global Demand

Dublin, Jan. 27, 2024 (GLOBE NEWSWIRE) -- The "Absorbent Glass Mat (AGM) Battery - Global Strategic Business Report" report has been added to's offering.

The global landscape of the Absorbent Glass Mat (AGM) Battery market is undergoing a significant phase of growth, with a comprehensive market study revealing the sector's projected expansion to US$20.4 billion by 2030. This industry, rooted in technological advancements and green energy solutions, is experiencing a compound annual growth rate of 8.1% over the next eight years, highlighting its rapid developments and the soaring interest from various sectors.

In the detailed report, the stationary segment within the AGM battery industry stands out for its remarkable growth trajectory, expected to surge at an 8.8% CAGR, reaching a valuation of US$14.3 billion by the close of the decade. This reflects the escalating demand for efficient energy storage solutions across multiple applications.

Momentum in Major Markets

The United States currently holds a significant stake in the market, valued at US$3 billion as of 2022. Meanwhile, China is scaling the ranks at an unprecedented 12.8% CAGR, forecasting a substantial influence with a US$4.8 billion market size envisioned by 2030. Other geographic regions such as Japan and Canada also show encouraging market expansion. Germany emerges as a key player in Europe, set to advance at a 5.8% CAGR within the same timeframe.

Focused Competitive Analysis

Key AGM Battery Market Players and Competitive Dynamics

The AGM battery market report features an in-depth analysis of 34 distinguished industry contenders. This section offers insights into market shares, operational geographies, and the strategic positioning of leading manufacturers and service providers in the AGM battery space.

Insightful Global Context

The report offers a contemporary perspective, factoring influences such as the Russia-Ukraine conflict, the effects of China's zero-Covid policy adjustment, supply chain challenges, trade tensions, and looming recession risks.

Enriched with quantitative and qualitative data, the latest findings on the AGM battery market present detailed insights, indispensable to industry stakeholders, investors, and decision-makers keen on understanding market dynamics, and the overarching trends shaping the energy sector's future.

Notable Highlights:

  • The inclination towards stationary applications as a major market driver
  • Detailing the brisk growth in key regions, emphasizing the U.S. and China's role
  • In-depth competitor analysis, reflecting market positions and influence

Key Attributes:

Report AttributeDetails
No. of Pages89
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$11 Billion
Forecasted Market Value (USD) by 2030$20.4 Billion
Compound Annual Growth Rate8.0%
Regions CoveredGlobal

A selection of companies mentioned in this report includes

  • B.B. Battery
  • Bosch
  • C&D Technologies
  • Cellpower Batteries
  • Clarios
  • Concorde Battery Corporation
  • Crown Battery
  • Eaglepicher Technologies
  • East Penn Manufacturing Company
  • Enersys
  • Exide Technologies
  • Fiamm Energy Technology
  • Fullriver Battery
  • Gs Battery
  • Leoch
  • Panasonic Industry Europe
  • Power Sonic Corporation
  • Rolls Battery
  • Storage Battery Systems
  • Universal Power Group
  • Victron Energy
  • Vmax USA

For further details and insights into the AGM battery market, interested parties can explore the comprehensive analysis now available for review.

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Global Market for Absorbent Glass Mat (AGM) Battery