According to the research report titled ‘Global Absorbent Glass Mat (AGM) Battery Market Size study, by Type (Stationary, Motive) by Voltage (2-4 Volts, 6-8, 12 Volts & above) by End User (OEM, Aftermarket) by Application (Automotive, UPS, Industrial, Energy Storage, Others) and Regional Forecasts 2021-2027’, available with Market Study Report, global absorbent glass mat battery market was valued at USD 10.3 billion in 2020 and is speculated to be worth USD 14.6 billion by 2027, expanding at 5.1% CAGR between 2021-2027.
 

Stringent carbon emission regulations and surging demand for sustainable energy equipment are key factors driving global absorbent glass mat battery expansion. Notably, absorbent glass mat batteries offer superior electrical conductivity and less gassing & acid wastage.
 

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For the unaware, absorbent glass mat battery which is a high capacity lead-acid battery, can perform start stop operations and handle electric demands in vehicles. It is completely spill-proof and low-maintenance by nature.
 

The report cites that rising investments in growing number of renewable energy projects across the world will facilitate market augmentation in the forthcoming years. Surging use of engine starter batteries in vehicles, and requirement of huge storage capacity in data centers will stimulate global absorbent glass mat battery industry proliferation as well.
 

Though usage in solar energy system, along with emphasis on meeting on renewable energy generation targets will act as opportunities, high capital expenditure is poised to act as a challenge of the market sphere.
 

Based on type, the industry is divided into motive, and stationary. Speaking of end user spectrum, the market space is fragmented into aftermarket, and OEM. As per voltage, the industry is bifurcated into 6-8 volts, 2-4 volts, and 12 volts & above. Automotive, industrial, energy storage, and UPS comprise the application range of the market.
 

From regional frame of reference, Europe held majority of the worldwide absorbent glass mat battery market share in the recent past and is estimated to expand rapidly between 2021-2027, owing to stringent government regulations, high level of environmental awareness, and its role as an automotive sector powerhouse. Meanwhile, Asia Pacific market is projected to grow significantly through 2027, due to rising demand for innovative technology items, and fast paced industrialization.
 

Key players profiled in the report are Battery Systems Inc., B.B Battery Co. Ltd., Leoch Battery Corporation, Robert Bosch GmbH, EnerSys, C&D Technologies Inc., Crown Battery Manufacturing Company, CellPower Batteries, Concorde Battery Corporation, and Clarios LLC.