Asia Pacific AGM Battery Market Size - By Application (Stationary {Telecommunications, UPS, Control & Switchgear}, Motive, SLI), By Sales Channel (OEM, Aftermarket) & Forecast, 2023 - 2032

Asia Pacific AGM Battery Market Size - By Application (Stationary {Telecommunications, UPS, Control & Switchgear}, Motive, SLI), By Sales Channel (OEM, Aftermarket) & Forecast, 2023 - 2032

Asia Pacific AGM Battery Market will witness 3.3% CAGR between 2023 and 2032. The increase in demand in the Market is due to the expansion of prominent battery companies from the Asia Pacific on a global scale.

For instance, On July 20, Camel Group, a leading battery manufacturer headquartered in China, made an announcement about the initiation of pilot production at its new facility in the United States dedicated to lead battery manufacturing. This plant, managed by the Camel Energy subsidiary of the China-based conglomerate, will initially focus on flooded and AGM battery formation. Xia Shizhong, the group's president, emphasized the significance of this development, marking a pivotal transition for Camel from a foreign battery supplier to a domestic manufacturer within the United States. These companies are establishing a strong international presence, offering high-quality AGM batteries to a wider market. This expansion is a significant factor propelling the heightened AGM battery market demand in the Asia Pacific and beyond.

The overall Asia Pacific AGM Battery Market is classified based on applications, channels, and country.

Motive segment will undergo significant development from 2023 to 2032. These advanced AGM batteries are being increasingly adopted in various sectors, including automotive, industrial equipment, and electric vehicles. Their reliability, durability, and superior performance make them the preferred choice for powering motive applications. As the region continues emphasizing sustainability and innovation, the AGM battery market share in motive applications will grow steadily.

OEM segment will register a notable CAGR from 2023 to 2032. AGM batteries are preferred by OEMs for their versatility and reliability in various industries, including automotive and industrial equipment manufacturing. As OEMs seek more efficient and eco-friendly power solutions, the AGM battery market size in the Asia Pacific region continues to rise, reflecting their pivotal role in meeting industry standards and consumer expectations.

Asia Pacific AGM battery market from India will showcase an appreciable CAGR from 2023 to 2032. As the country's economy grows, there is a growing need for reliable energy storage solutions. AGM batteries are preferred due to their maintenance-free nature and versatility, serving various applications from automotive to backup power.

The demand for AGM batteries in India could continue its upward trajectory as the nation embraces technological advancements and sustainable energy solutions. For instance, in July 2023, Exide Industries, an Indian battery manufacturer, announced that it was on the verge of becoming a mid-cap company worth almost $2 billion. The Managing Director and CEO, Subir Chakraborty, emphasized Exide's commitment to enhancing its core lead acid battery business through investments in cutting-edge product development. This includes the upcoming commercial launch of advanced AGM VRLA batteries designed for the automotive sector in the coming year.