Absorbent Glass Mat (AGM) Battery Market Application and Industry Growth 2025
The Absorbent Glass Mat (AGM) Battery Market is predicted to increase from USD 10.2 billion in 2019 to USD 13.9 billion by 2025, growing at a CAGR of 5.3%. During the anticipated time, the AGM Battery Market is anticipated to have a lucrative growth potential. The inherent advantages of AGM batteries, their simplicity in recycling when compared to lithium-ion batteries, the rising demand for high-capacity batteries for UPS and energy storage, and rising investments in renewable energy systems are all predicted to contribute to the market's growth. Existing businesses as well as those just starting out can explore the market's numerous expansion opportunities. The Stationary Battery Type Segment held the biggest market share for AGM batteries. The AGM Battery Market for stationary batteries held the highest size in 2018 according to battery type. Depending on the kind of the important loads, stationary batteries serve as a source of backup or emergency power. These batteries...