by Absorbent glass mat batteries are valve-regulated lead acid batteries used for standby power applications in telecommunication towers, data centres, and hospitals. They are characterized by longer shelf life, greater reliability, maintenance-free operations, and lower ownership costs as compared to vented lead acid batteries. Absorbent glass mat batteries provide better resistance to shock and vibration and are considered suitable for applications where space is at a premium.
The global Absorbent Glass Mat Battery Market is estimated to be valued at US$ 14.72 Bn in 2023 and is expected to exhibit a CAGR of 9.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics
Growing Adoption in Telecommunications Towers (as stated in the heading): The increasing installation of telecommunication towers globally to enable connectivity is a major driver boosting the demand for absorbent glass mat batteries. AGMs are preferred over vented lead-acid batteries in telecom towers as they require less maintenance and last longer. Furthermore, factors such as long backup time requirements and limited space availability at tower sites make AGMs an attractive proposition for telecom companies.
Rising Investments in Data Centers: With the proliferation of cloud-based applications and services, data center investments are rising at an exponential rate globally. AGMs are well-suited for data center applications due to their maintenance-free operations, higher reliability and longer float times. Their compact size also allows optimized utilization of floor space inside data centers. Several data center operators are adopting AGMs to ensure uninterrupted power supply and business continuity.
Segment Analysis
The absorbent glass mat battery market is dominated by the starting, lighting, and ignition segment which holds around 70% share. This segment is dominating as absorbent glass mat batteries find huge demand from the automotive industry for starting vehicles and other ignition functions.
PEST Analysis
Political: Stringent emission norms and policies promoting electric vehicles in regions like Europe and China are driving the demand for more efficient battery technologies like absorbent glass mat batteries.
Economic: The growing automotive industry especially electric vehicles across major economies is fueling the growth of the absorbent glass mat battery market.
Social: Increasing consumer preference for electric vehicles due to rising environmental awareness is positively impacting the adoption of absorbent glass mat batteries.
Technological: Continuous research and development for improving battery efficiency, life, and safety is supporting the use of advanced absorbent glass mat battery technology in automotive as well as stationary energy storage applications.
Key Takeaways
The global Absorbent Glass Mat Battery Market Share is expected to witness high growth over the forecast period of 2023 to 2030.
Regional analysis: The Asia Pacific region accounted for around 40% share of the global absorbent glass mat battery market in 2024 primarily due to strong presence of automobile manufacturers in major economies like China, Japan, and South Korea. Countries in the region are major export hubs of batteries and electric vehicles.
Key players: Key players operating in the absorbent glass mat battery market are Procter & Gamble Co., Henkel AG & Co. KGaA, Unilever PLC, Reckitt Benckiser Group PLC, Church & Dwight Co., Inc., Colgate-Palmolive Company, Kao Corporation, Lion Corporation, The Clorox Company, McBride plc, S. C. Johnson & Son, Inc., Seventh Generation, Inc. (Unilever), Nice Group, Nirma Limited, Liby Enterprise Group Co., Ltd.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.
