SLI Battery Market

Market Overview:

The global SLI battery market size reached US$ 7.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.9 Billion by 2028, exhibiting a growth rate (CAGR) of 2.1% during 2023-2028. The increasing sales of commercial and passenger vehicles, favorable government initiatives to control carbon emissions, and rising demand for cost-effective and lightweight battery solutions represent some of the key factors driving the market.

Starting, lighting, and ignition (SLI) battery refers to a lead-acid and rechargeable battery that is designed to start, run, and maintain a power source in an application. It comprises a container, safety valve, copper terminal, sulfuric acid, vent plugs on the external with positive and negative plates, and water on the internal. It is available as a flooded, enhanced flooded battery (EFB), and valve-regulated lead-acid (VRLA) battery. It is smaller, lighter, cost-effective, does not require regular maintenance, and provides quick burst of energy to start an application. It offers high performance and stability at a wide range of temperatures compared to traditional batteries. It also delivers high current discharge, low internal resistance, and ultra-long battery cycle life. Besides this, it assists in providing enhanced reliability, high compatibility for all climatic conditions, and improved charge acceptance. As a result, SLI battery is widely employed in the automotive and telecommunication industries across the globe. 

SLI Battery Market Trends:

At present, the increasing demand for SLI batteries in the automotive industry due to the rising sales of passenger and commercial vehicles around the world represents one of the key factors impelling the growth of the market. Besides this, the growing utilization of SLI batteries in golf carts, farm and floor care equipment, and high-performance boats worldwide is offering a positive market outlook. In addition, the rising advancements in battery recycling processes of SLI batteries across the globe are supporting the growth of the market. Moreover, the increasing preference for enhanced flooded batteries (EFB), as they offer improved deep and partial charge performance, reduced maintenance costs, and lower emissions, is propelling the growth of the market. Apart from this, the growing demand for cost-effective and lightweight battery solutions among the masses is positively influencing the market. Additionally, governing agencies of several countries are encouraging the adoption of SLI batteries by implementing stringent rules and regulations to reduce carbon emissions. In line with this, the rising demand for SLI batteries, as they provide good performance at low or high temperatures compared to other types of batteries, is offering lucrative growth opportunities to industry investors operating worldwide.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global SLI battery market report, along with forecasts at the global, regional, and country levels for 2023-2028. Our report has categorized the market based on type, sales channel, and application.

Type Insights:

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

The report has provided a detailed breakup and analysis of the SLI battery market based on the type. This includes flooded, enhanced flooded battery (EFB), and valve-regulated lead-acid (VRLA). According to the report, flooded represented the largest segment.

Sales Channel Insights:

• OEM
• Aftermarket
   

A detailed breakup and analysis of the SLI battery market based on the sales channel has also been provided in the report. This includes OEM and aftermarket. According to the report, OEM accounted for the largest market share.

Application Insights:

• Automotive
• UPS
• Telecommunication
• Others
   

A detailed breakup and analysis of the SLI battery market based on the application has also been provided in the report. This includes automotive, UPS, telecommunication, and others. According to the report, automotive accounted for the largest market share.

Regional Insights:

• North America
  • United States
  • Canada
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America (the United States and Canada) was the largest market for SLI battery. Some of the factors driving the North America SLI battery market included the growing production of lightweight commercial vehicles, favorable government initiatives to manufacture energy-efficient starter batteries, rising advancements in battery recycling processes, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global SLI battery market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Acumuladores Moura SA, C&D Technologies Inc., Crown Battery Manufacturing Company, East Penn Manufacturing Co., EnerSys, Exide Technologies, GS Yuasa International Ltd., Hankook & Company Co. Ltd., iQ International AG, Leoch International Technology Limited, Power Sonic Corporation, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

SLI Battery Market Report Scope:

Key Questions Answered in This Report:

• How has the global SLI battery market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global SLI battery market?
• What is the impact of each driver, restraint, and opportunity on the global SLI battery market?
• What are the key regional markets?
• Which countries represent the most attractive SLI battery market?
• What is the breakup of the market based on the type?
• Which is the most attractive type in the SLI battery market?
• What is the breakup of the market based on the sales channel?
• Which is the most attractive sales channel in the SLI battery market?
• What is the breakup of the market based on the application?
• Which is the most attractive application in the SLI battery market?
• What is the competitive structure of the global SLI battery market?
• Who are the key players/companies in the global SLI battery market?

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the SLI battery market from 2017-2028.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global SLI battery market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the SLI battery industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.