The ASEAN Adsorbent Glass Mat Battery Market size is growing dramatically propelled by trends as well as numerous factors changing more than one landscape in this country. Due to the ongoing quest of large-sized infrastructure developments along with growing demand for sustainable processes and green alternative energy resources and sources by large countries in Asia, AGMs are emerging for their very energy efficiency and with a high time span with an almost nil maintaining requirement.
Consequent to all this, the ASEAN AGM battery market will grow at 8.5% CAGR during the years from 2025 to 2035 to reach USD 1.2 billion. Growing demand for a reliable energy storage system, up-coming trends in electric vehicles, and extensive applications in industry will contribute to these gains.
Attributes | Key Insights |
---|---|
Projected Size, 2035 | USD 1.2 Billion |
Value-based CAGR (2025 to 2035) | 8.5% |
AGM batteries have become the most accepted for automotive, energy storage, telecommunications, and industrial applications, providing critical power solutions in these fields. The batteries are renowned for their ruggedness, excellent performance under extreme environmental conditions, and their capability to operate at high and low temperatures, making them suitable for numerous applications in the ASEAN region.
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Electric Vehicle Adoption
This is perhaps the biggest pull factor for the demand for AGM batteries in ASEAN. Presently, the nations of ASEAN have initiated the concept of electric mobility within their schemes due to a need to reduce carbon emissions, air quality, and keep the spiraling cost of fuel. In that case, the need for effective energy storage devices in ASEAN is seeing a massive growth rate.
AGM batteries are essential for energy sources in electric vehicles as they offer stable power that serves propulsion functions and miscellaneous components. Furthermore, they come in maintenance-free configurations with sufficient strength to survive many charge and discharge cycles, making them the best choice for the increasing demand for EV in the region.
Countries like Thailand, Malaysia, and Indonesia already have incentives in place for electric vehicles, a regulatory framework in place to facilitate more electric vehicles, driving up the demand of AGM batteries. With continuous environmental-friendly agendas that countries will set, more electric cars will flood the markets which will further advance the use of AGM batteries on automotive applications.
Renewable Energy Storage
Renewable energies in ASEAN are one of the major drivers for the AGM battery market. There is an increasing demand for dependable and efficient storage solutions for energy in the ASEAN region, as the surge use of solar and wind energy accelerates. AGM batteries have high energy density and a long lifespan. This makes AGM the perfect application for using energy storage systems supporting the grid, residential solar systems, and commercial energy storage installations.
In countries such as Indonesia and the Philippines, investments in renewable energy infrastructure are increasing. In urban areas, emphasis is given to energy efficiency. This factor is driving up the demand for AGM batteries. As the management of intermittent nature of renewable energy sources has gained importance through energy storage solutions, AGM batteries will become a reliable solution for these systems.
Industrial Applications and Backup Power Systems
The industrial sector of ASEAN is also a major contributor to the increasing demand for AGM batteries. They are used extensively in industrial applications, particularly in providing backup power for critical systems such as uninterruptible power supplies (UPS), telecommunications equipment, and manufacturing plants.
Industries require reliable, long-lasting sources of energy to ensure that mission-critical systems continue running without interruption. AGM batteries are known to form a strong solution for such a demand by their maintenance-free design and superior performance under high-demand situations.
The demand for using more automation technologies among industries in the ASEAN region necessitates secure and reliable sources of power supply for robotic systems, electric forklifts, and many more, further promoting the growth of AGM batteries. In fact, emergency service providers among the telecommunication firms in the region, specifically for countries like Vietnam and the Philippines that are becoming competitive markets, employed AGM batteries to generate back-up electricity in cellular towers and communication devices.
Sustainability and Environmental Concerns
ASEAN countries are actively pursuing measures to alleviate concerns on sustainability and are seeking eco-friendly alternatives that can reduce carbon footprints. AGM batteries are considered green because they require minimal maintenance and have a long lifespan, thereby reducing the total environmental impact. These batteries do not need frequent replacement and provide power for extended periods, which makes them an eco-friendly choice for energy storage and backup power.
AGM batteries operate within this larger scenery of green objectives as governments and industries begin taking notice in carbon emission reduction and improved energy efficiency. Specifically, their utilization within renewable energy storage systems will be completely apt for ASEAN's strategy to transition towards clean, renewable, and sustainable sources of energy.
The ASEAN AGM Battery market is segmented by type, voltage, and end use, based on the region's increased energy demands and industrial applications in the region are promising.
Segment | Automotive |
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CAGR (2025 to 2035) | 11.2% |
Key Trends | Growing demand for electric vehicles (EVs) and hybrid vehicles, increasing reliance on AGM batteries for auxiliary power and energy storage systems. |
Segment | Energy Storage Systems |
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CAGR (2025 to 2035) | 12.0% |
Key Trends | Growing demand for electric vehicles (EVs) and hybrid vehicles, increasing reliance on AGM batteries for auxiliary power and energy storage systems. |
Segment | Industrial |
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CAGR (2025 to 2035) | 10.5% |
Key Trends | The adoption of AGM batteries in industrial applications for backup power and equipment support in sectors like oil & gas, manufacturing, and remote operations. |
Segment | Other Industries |
---|---|
CAGR (2025 to 2035) | 9.8% |
Key Trends | Increasing use of AGM batteries in diverse industries such as telecommunications, data centers, and emergency backup systems. |
The ASEAN AGM battery market is highly competitive and fragmented. Global leaders and regional manufacturers hold the maximum market share. A few important players in the market are as follows:
Exide Technologies
GS Yuasa is another company that leads the ASEAN AGM battery market, focusing much on the automobile and industrial segments. Its high-performance AGM batteries for EVs and energy storage systems make the company very popular. GS Yuasa is expanding in the ASEAN region to further meet the high demand for energy storage solutions.
GS Yuasa
GS Yuasa is another key player in the ASEAN AGM battery market, with a strong focus on automotive and industrial applications. The company is known for its high-performance AGM batteries used in EVs and energy storage systems. GS Yuasa is expanding its operations in the ASEAN region to meet the growing demand for energy storage solutions.
East Penn Manufacturing
East Penn Manufacturing, the largest USA manufacturer of AGM automotive, industrial, and energy storage batteries, is expanding into ASEAN through strategic partnerships and establishing local production facilities that will create a qualitative difference in the market for high-quality AGM batteries being offered there.
Date | Key Development |
---|---|
February 2025 | A leading ASEAN battery manufacturer expanded its AGM battery production capacity in response to the growing demand in the automotive and energy storage sectors. |
June 2025 | A partnership was formed between a regional energy storage provider and a global AGM battery supplier to develop customized storage solutions for Southeast Asia’s renewable energy projects. |
August 2025 | A new ASEAN-based startup introduced a more energy-efficient AGM battery technology aimed at the electric vehicle sector, offering improved performance for battery storage systems. |
The future of the ASEAN Adsorbent Glass Mat (AGM) Battery Market appears bright, as it is propelled by continuous technological advancement, rising adoption in electric vehicles (EVs), and growth in the renewable energy market. The following are some of the trends that are likely to influence the market from 2025 to 2035:
The market is expected to reach USD 1.2 billion by 2035, growing at a CAGR of 8.5%.
Key sectors driving the growth include automotive, energy storage systems, industrial applications, and other industries such as telecommunications and medical devices.
Major trends include the increasing adoption of AGM batteries in electric vehicles (EVs), growth in renewable energy storage, rising demand for reliable backup power in industrial applications, and advancements in AGM battery technology for better energy efficiency and sustainability.
Leading players in the ASEAN AGM battery market include companies like Exide Technologies, Johnson Controls, Enersys, and GS Yuasa. Additionally, emerging regional manufacturers and local innovators are contributing to the market's growth.
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