Global SLI Battery Market Report and Forecast 2024-2032

Global SLI Battery Market

The SLI battery industry is expected to grow at a CAGR of 3% in the forecast period of 2024-2032. The industry is projected to grow due to a growing demand for vehicles.

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Asia Pacific holds a Significant Share in the Global SLI Battery market

Asia Pacific accounted for a significant portion of the global SLI battery market, owing to the overall high population of consumers, especially in China, India, and Indonesia. This is further complemented by the fact that many users in these regions use their vehicles far over their warranty period which requires changing the battery multiple times meaning that the overall national fleet age in developing countries like Brazil, China, and India is high. The growth in North America is also boosting the global market, but the growth is relatively sluggish. The industry is likely to witness growth in the forecast period of 2024-2032.

SLI Battery: Industry, Definition and Segmentation

SLI Battery (starting, lighting, and ignition) is a form of rechargeable battery which has a lead-acid combination. It is generally considered to be a high power-expending battery with a life of between 3-6 years. The usual configuration in this type of batteries is with 6 cells stacked together in an electrolytic fluid containing sulphuric acid, to give a voltage output of 12V.

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The industry can be segmented on the basis of type:

• Flooded
• Enhanced Flooded Battery (EFB)
• Valve-Regulated Lead-Acid (VRLA)

The SLI battery market can be divided on the basis of sales channels:

• OEM
• Aftermarket

It may be segmented on the basis of end-use:

• Automotive
• UPS
• Telecom
• Others

The market can be segmented region-wise into North America, Europe, Asia Pacific, Latin America, Middle East and Africa.

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Improved Technologies and Recycling Capabilities to Continue Boosting the SLI Batteries Market

With the advent of new technologies in the market like start-stop and regenerative breaking processes, SLI batteries have been improved. The low cost and easy availability of lead is a positive factor for SLI batteries to have a high popularity, despite the fact that led is a major pollutant. Improved recycling capabilities have also helped this industry to grow rapidly. Other driving factors for the high demand for SLI batteries include an increased number of distribution channels and a general rise in the incomes and need for personal mobility. Since more durable cars are brought into the market, the need to replace batteries would also be high over the years.

A spike in the demand is expected in the Asia Pacific sector as a result of shifting industries to these regions and a general rise in the demand for personal vehicles, despite a slight slump due to the Covid pandemic. This may also be observed due to the lower cost of steel production and processing as well as the easy availability of skilled labour. The same factors may apply to other regions with a robust industrial complex, like Europe and North America.

Key Industry Players in the Global SLI Battery Market

The report gives a detailed analysis of the following key players in the global SLI battery industry, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Johnson Controls, Inc.
• East Penn Manufacturing Co., Inc.
• Leoch International Technology Limited Inc.
• GS Yuasa Corporation
• Crown Battery Manufacturing Company
• Exide Technologies
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report