Absorbent Glass Mat Battery Market Rising Demand Fueling Growth

https://www.coherentmarketinsights.com/industry-reports/absorbent-glass-mat-battery-market
Absorbent Glass Mat Battery Market


Absorbent glass mat batteries are commonly utilized in backup power applications such as emergency lighting, security systems, telecommunications equipment, and uninterruptible power supplies. The key advantages of these batteries include maintenance-free operations, high discharge capabilities, long shelf life, tolerance to overcharging, and complete recyclability. Growing adoption of UPS systems across various end-use industries has propelled the demand for absorbent glass mat batteries in recent years.

The global Absorbent Glass Mat Battery Market is estimated to be valued at US$ 16.96 Bn  in 2023 and is expected to exhibit a CAGR of 9.5%  over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The increasing demand from the telecommunications industry has been a key growth trend in the absorbent glass mat battery market. The rising deployments of 5G infrastructure around the world have necessitated robust backup solutions to ensure uninterrupted network connectivity. Absorbent glass mat batteries are widely used in telecom towers to provide backup power during grid failures or outages. Their deep discharge capabilities and long service life make them suitable for supporting telecom networks. The massive capital investments by telcos in 5G networks, particularly in developing regions, are expected to drive the uptake of absorbent glass mat batteries over the forecast period. However, availability of substitutes like lithium-ion batteries poses a challenge for market growth.

Segment Analysis
The global absorbent glass mat battery market comprises stationary batteries, motive power batteries, and other industrial batteries sub-segments. The stationary batteries sub-segment is dominating the global market currently due to the extensive usage of absorbent glass mat battery technology in stationary applications such as grid energy storage, telecom and data centers, and uninterrupted power supply systems. The stationary batteries sub-segment accounts for over 50% of the total market share owing to large deployments for energy storage purposes in commercial and industrial sectors.

Key Takeaways
The global Absorbent Glass Mat Battery Market Demand is expected to witness high growth over the forecast period of 2024 to 2031 backed by increasing demand for stationary batteries from the renewable energy industry.

Regional analysis: North America leads the global market currently due to the strong presence of absorbent glass mat battery manufacturers and prominent research institutions carrying out extensive R&D activities in the region. However, Asia Pacific is expected to be the fastest growing market during the forecast period supported by the progressive renewable energy policies and demand for stationary energy storage in countries like China, Japan, India and South Korea.

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. Lion Corporation is a leading manufacturer of absorbent glass mat batteries for stationary and motive power applications, especially in the Japanese market.

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