Product Code: ETC11703054 | Publication Date: Apr 2025 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
The India absorbent glass mat battery market import shipment demonstrated robust growth with a strong CAGR from 2020-2024. The growth rate between 2023 and 2024 maintained momentum, showing a slightly slower yet steady expansion. Overall, the market trend indicates consistent and significant growth during the period.
The India absorbent glass mat (AGM) battery market is witnessing significant growth due to the increasing demand for reliable power sources in various applications such as automotive, telecommunications, and renewable energy systems. The AGM batteries offer advantages like maintenance-free operation, high energy density, and improved performance in extreme temperatures, making them popular among consumers. Additionally, the rising adoption of electric vehicles and the growing awareness of clean energy solutions are driving the market further. Key players in the Indian AGM battery market include Exide Industries Ltd., Amara Raja Batteries Ltd., and Luminous Power Technologies Pvt. Ltd. As the country continues to focus on sustainability and energy efficiency, the demand for AGM batteries is expected to rise, presenting opportunities for market expansion and technological advancements.
The India absorbent glass mat (AGM) battery market is experiencing growth due to the increasing demand for reliable and maintenance-free power solutions across various sectors such as automotive, telecommunications, and renewable energy. AGM batteries are preferred for their enhanced performance, longer lifespan, and ability to deliver high power output, making them suitable for applications requiring high energy density. The automotive industry, in particular, is driving the demand for AGM batteries as they are used in start-stop systems and hybrid vehicles. Additionally, the rising adoption of renewable energy sources like solar power is also contributing to the market growth as AGM batteries are used for energy storage purposes. With a focus on sustainability and energy efficiency, the AGM battery market in India is expected to continue its upward trajectory in the coming years.
In the India absorbent glass mat (AGM) battery market, some of the key challenges include high initial costs compared to traditional flooded lead-acid batteries, limited awareness and understanding among consumers about the benefits of AGM batteries, and the lack of widespread availability and distribution channels for these advanced batteries. Additionally, AGM batteries require specific charging and maintenance procedures, which may pose a challenge for end-users who are accustomed to conventional battery technologies. Furthermore, the competition from other advanced battery technologies such as lithium-ion batteries adds complexity to the market landscape. Overall, overcoming these challenges would require industry players to invest in education and marketing efforts to increase consumer acceptance and adoption of AGM batteries, as well as improving affordability and accessibility through strategic partnerships and distribution networks.
The India absorbent glass mat (AGM) battery market presents promising investment opportunities due to the growing demand for reliable and maintenance-free energy storage solutions in various sectors such as automotive, renewable energy, and telecommunications. AGM batteries offer several advantages, including high energy density, longer cycle life, and faster charging capabilities, making them ideal for applications requiring backup power or uninterrupted energy supply. With the increasing focus on clean energy and sustainable practices in India, the AGM battery market is expected to witness significant growth in the coming years. Investing in AGM battery manufacturing facilities, distribution networks, or research and development initiatives can be lucrative as the market continues to expand and evolve to meet the country`s energy storage needs.
In India, government policies related to the absorbent glass mat (AGM) battery market primarily focus on promoting the adoption of environmentally friendly energy storage solutions. The government has implemented various initiatives to incentivize the production and use of AGM batteries, which are known for their high performance and low maintenance requirements. These policies include tax incentives, subsidies, and regulations aimed at increasing the penetration of AGM batteries in applications such as renewable energy storage, electric vehicles, and backup power systems. Additionally, the government has set targets for the adoption of AGM batteries in different sectors to reduce carbon emissions and promote sustainable energy practices. Overall, the Indian government`s policies are geared towards fostering a favorable environment for the growth of the AGM battery market and advancing the country`s transition towards clean energy technologies.
The absorbent glass mat (AGM) battery market in India is expected to witness steady growth in the coming years due to the increasing demand for reliable and high-performance energy storage solutions in various applications such as automotive, renewable energy, and telecommunications. Factors driving the market include the rising adoption of electric vehicles, expansion of solar power generation projects, and the need for backup power solutions in remote areas. Additionally, government initiatives promoting clean energy and the shift towards sustainable practices are likely to further boost the market. Technological advancements leading to improved battery efficiency and durability are anticipated to enhance the market`s growth prospects. Overall, the India AGM battery market is poised for expansion and innovation in the foreseeable future.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Absorbent Glass Mat Battery Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Absorbent Glass Mat Battery Market Revenues & Volume, 2021 & 2031F |
3.3 India Absorbent Glass Mat Battery Market - Industry Life Cycle |
3.4 India Absorbent Glass Mat Battery Market - Porter's Five Forces |
3.5 India Absorbent Glass Mat Battery Market Revenues & Volume Share, By Battery Type, 2021 & 2031F |
3.6 India Absorbent Glass Mat Battery Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 India Absorbent Glass Mat Battery Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 India Absorbent Glass Mat Battery Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for renewable energy sources leading to the adoption of absorbent glass mat batteries in India. |
4.2.2 Government initiatives and incentives promoting the use of clean energy technologies. |
4.2.3 Growing awareness about the benefits of absorbent glass mat batteries in terms of energy efficiency and reliability. |
4.3 Market Restraints |
4.3.1 High initial cost of absorbent glass mat batteries compared to traditional lead-acid batteries. |
4.3.2 Limited availability of recycling infrastructure for absorbent glass mat batteries in India. |
4.3.3 Technological limitations impacting the performance and efficiency of absorbent glass mat batteries. |
5 India Absorbent Glass Mat Battery Market Trends |
6 India Absorbent Glass Mat Battery Market, By Types |
6.1 India Absorbent Glass Mat Battery Market, By Battery Type |
6.1.1 Overview and Analysis |
6.1.2 India Absorbent Glass Mat Battery Market Revenues & Volume, By Battery Type, 2021 - 2031F |
6.1.3 India Absorbent Glass Mat Battery Market Revenues & Volume, By Automotive AGM, 2021 - 2031F |
6.1.4 India Absorbent Glass Mat Battery Market Revenues & Volume, By Deep-Cycle AGM, 2021 - 2031F |
6.1.5 India Absorbent Glass Mat Battery Market Revenues & Volume, By Marine AGM, 2021 - 2031F |
6.1.6 India Absorbent Glass Mat Battery Market Revenues & Volume, By Custom AGM, 2021 - 2031F |
6.2 India Absorbent Glass Mat Battery Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Absorbent Glass Mat Battery Market Revenues & Volume, By Start-Stop Systems, 2021 - 2031F |
6.2.3 India Absorbent Glass Mat Battery Market Revenues & Volume, By Renewable Energy Storage, 2021 - 2031F |
6.2.4 India Absorbent Glass Mat Battery Market Revenues & Volume, By Marine Electrical Systems, 2021 - 2031F |
6.2.5 India Absorbent Glass Mat Battery Market Revenues & Volume, By Specialized Power Backup, 2021 - 2031F |
6.3 India Absorbent Glass Mat Battery Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 India Absorbent Glass Mat Battery Market Revenues & Volume, By Vehicle Manufacturers, 2021 - 2031F |
6.3.3 India Absorbent Glass Mat Battery Market Revenues & Volume, By Industrial Installers, 2021 - 2031F |
6.3.4 India Absorbent Glass Mat Battery Market Revenues & Volume, By Yacht Builders, 2021 - 2031F |
6.3.5 India Absorbent Glass Mat Battery Market Revenues & Volume, By Data Centers, 2021 - 2031F |
7 India Absorbent Glass Mat Battery Market Import-Export Trade Statistics |
7.1 India Absorbent Glass Mat Battery Market Export to Major Countries |
7.2 India Absorbent Glass Mat Battery Market Imports from Major Countries |
8 India Absorbent Glass Mat Battery Market Key Performance Indicators |
8.1 Average cycle life of absorbent glass mat batteries in India. |
8.2 Efficiency improvement rate of absorbent glass mat battery technology. |
8.3 Adoption rate of absorbent glass mat batteries in key industries such as automotive and renewable energy sectors. |
9 India Absorbent Glass Mat Battery Market - Opportunity Assessment |
9.1 India Absorbent Glass Mat Battery Market Opportunity Assessment, By Battery Type, 2021 & 2031F |
9.2 India Absorbent Glass Mat Battery Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 India Absorbent Glass Mat Battery Market Opportunity Assessment, By End User, 2021 & 2031F |
10 India Absorbent Glass Mat Battery Market - Competitive Landscape |
10.1 India Absorbent Glass Mat Battery Market Revenue Share, By Companies, 2024 |
10.2 India Absorbent Glass Mat Battery Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |