SLI Battery Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Flooded, Enhanced Flooded Battery (EFB)), By Application (Automotive, UPS, Telecom, Others), By Sales Channel (OEM, Aftermarket), By Region, By Competition Forecast, 2018-2028

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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 27.08 billion

CAGR (2023-2028)

8.19%

Fastest Growing Segment

Automotive

Largest Market

North America


Market Overview

Global SLI Battery Market has valued at USD 27.08 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 8.19% through 2028. The SLI (Starting, Lighting, and Ignition) battery market refers to the global industry focused on the manufacturing, distribution, and sale of batteries designed primarily for starting, lighting, and ignition systems in automotive and various internal combustion engine (ICE) applications. These batteries are essential for providing the initial burst of power needed to start a vehicle's engine, power its lighting systems, and support auxiliary electrical components like radios and air conditioning. SLI batteries are commonly associated with traditional lead-acid batteries, but the market has evolved to include advanced technologies like absorbent glass mat (AGM) and enhanced flooded batteries, especially to meet the demands of modern vehicles equipped with start-stop systems and other electrical enhancements.

The market's dynamics are influenced by factors such as automotive industry trends, government regulations, technological advancements, and consumer preferences. It encompasses a wide range of stakeholders, including battery manufacturers, distributors, retailers, and service providers. Additionally, as the automotive industry undergoes significant transformations, with the growth of electric vehicles and advanced automotive technologies, the SLI battery market continues to adapt to meet changing demands while remaining a crucial component in the broader automotive ecosystem.

Key Market Drivers

Increasing Automotive Sales and Production

The global SLI (Starting, Lighting, and Ignition) battery market is driven by the burgeoning automotive industry. As the demand for automobiles continues to rise worldwide, so does the need for SLI batteries to power these vehicles. Developing countries, in particular, are experiencing a surge in vehicle ownership, driven by urbanization, rising disposable incomes, and improved transportation infrastructure. In addition, the transition to electric vehicles (EVs) has also contributed to the demand for SLI batteries, as hybrid and conventional internal combustion engine (ICE) vehicles continue to rely on these batteries for their starting and auxiliary power needs.

Growing Renewable Energy Sector

The expansion of the renewable energy sector is another significant driver of the global SLI battery market. With the increasing adoption of solar and wind energy systems, there is a growing need for energy storage solutions, and SLI batteries play a vital role in providing backup power for these systems. These batteries store excess energy generated during periods of high renewable energy production and release it when demand exceeds supply or during cloudy or windless days. As governments worldwide promote clean energy initiatives and grid stability, the demand for SLI batteries in the renewable energy sector is expected to continue to grow.

Advancements in Battery Technology

Technological advancements in SLI battery technology have been a key driver of market growth. Manufacturers are constantly researching and developing new materials and technologies to improve the performance and lifespan of SLI batteries. This includes innovations in lead-acid battery chemistry, enhanced grid designs, and the development of absorbent glass mat (AGM) and enhanced flooded battery technologies. These advancements result in batteries that are more efficient, longer-lasting, and capable of delivering higher cold-cranking amps (CCA), making them more appealing to consumers and businesses alike.

Increasing Adoption of Start-Stop Systems

The widespread adoption of start-stop systems in modern vehicles has significantly boosted the demand for SLI batteries. Start-stop systems automatically shut off the engine when the vehicle comes to a stop and restart it when the driver accelerates. This technology reduces fuel consumption and emissions, but it places additional strain on the battery as it needs to handle frequent restarts. Consequently, SLI batteries used in vehicles equipped with start-stop systems need to be of high quality and capable of withstanding these demands. As environmental regulations become more stringent and fuel efficiency gains importance, the adoption of start-stop systems is expected to continue to rise, driving the demand for SLI batteries.

Expansion of E-commerce and Last-Mile Delivery Services

The rapid growth of e-commerce and the increasing demand for last-mile delivery services have led to a surge in the number of delivery vehicles on the road. These vehicles rely on SLI batteries to power their engines and auxiliary systems. With the ongoing shift towards online shopping and home delivery, this trend is expected to persist. Furthermore, as many urban centers contemplate stricter emissions regulations to combat air pollution, the electrification of delivery fleets is on the rise, necessitating even more SLI batteries for these vehicles.

Maintenance and Replacement Market

The maintenance and replacement market also fuels the growth of the global SLI battery market. As the global vehicle parc expands, the need for periodic battery replacement remains constant. Additionally, as SLI battery technologies evolve, older batteries become obsolete, leading vehicle owners to replace their batteries with more advanced options. This replacement market, coupled with the need for maintenance and repair services, sustains the demand for SLI batteries and presents opportunities for manufacturers, distributors, and service providers to thrive.

In conclusion, the global SLI battery market is shaped by a multitude of factors, including the automotive industry's growth, renewable energy adoption, technological advancements, start-stop system proliferation, e-commerce expansion, and the ongoing need for maintenance and replacement. These drivers collectively underpin the market's resilience and its potential for continued growth in the years to come.

Government Policies are Likely to Propel the Market

Environmental Regulations and Emission Standards

Environmental regulations and emission standards imposed by governments around the world have a profound impact on the global SLI (Starting, Lighting, and Ignition) battery market. These policies are designed to reduce air pollution and greenhouse gas emissions, which in turn influence the development and adoption of battery technologies.

Many countries have introduced stringent emission standards for vehicles, pushing automakers to produce more fuel-efficient and low-emission vehicles, including electric vehicles (EVs). SLI batteries play a vital role in traditional internal combustion engine (ICE) vehicles as well as hybrid vehicles, which must meet these standards. Governments incentivize the use of advanced battery technologies, such as start-stop systems and hybrid powertrains, to comply with these regulations.

Additionally, environmental regulations often mandate recycling and disposal practices for lead-acid batteries to mitigate the environmental impact of battery production and disposal. These policies drive innovation in battery chemistry and recycling methods, impacting the SLI battery market.

Subsidies and Incentives for Electric Vehicles

To promote the adoption of electric vehicles (EVs) and reduce reliance on conventional ICE vehicles, many governments offer subsidies and incentives. These incentives can include tax credits, rebates, reduced registration fees, and access to carpool lanes. The adoption of EVs significantly impacts the SLI battery market because EVs rely on advanced batteries for their propulsion.

These policies encourage consumers to make the switch to EVs, thereby increasing the demand for high-capacity lithium-ion batteries. Governments also support the development of charging infrastructure, which is critical for the widespread adoption of EVs. As EV sales grow, the demand for SLI batteries in traditional vehicles may decrease, but the overall demand for advanced batteries remains strong.

Recycling and Disposal Regulations

Due to the environmental impact of lead-acid batteries, governments have introduced regulations and standards for their recycling and disposal. These policies aim to reduce the environmental footprint of SLI batteries throughout their lifecycle.

Governments often require battery manufacturers and recyclers to establish collection and recycling programs, ensuring that used batteries are properly disposed of or recycled. In some regions, strict penalties are imposed for improper disposal of lead-acid batteries. These regulations encourage responsible disposal practices and drive innovation in recycling technologies, making SLI batteries more environmentally friendly.

Energy Storage Incentives

As energy storage solutions become increasingly important for grid stability and renewable energy integration, governments offer incentives and subsidies to promote energy storage projects. These incentives can take the form of tax credits, grants, or favorable financing terms.

Energy storage systems often rely on SLI battery technologies to store excess energy generated by renewable sources like solar and wind. Government policies that support energy storage projects directly impact the demand for SLI batteries in this sector.

Trade and Import Regulations

International trade and import regulations can also influence the global SLI battery market. Governments may impose tariffs, import restrictions, or quality standards on batteries entering their markets. These policies can affect the cost and availability of SLI batteries for consumers and businesses.

Trade disputes and protectionist measures can disrupt the supply chain, leading to price fluctuations and supply shortages in the SLI battery market. Manufacturers and distributors closely monitor trade policies to navigate global markets effectively.

Research and Development Funding

Government-funded research and development (R&D) programs play a critical role in advancing battery technology. Governments may allocate funds to support research in battery chemistry, materials, and manufacturing processes. These initiatives accelerate innovation in the SLI battery industry, leading to the development of more efficient and sustainable battery technologies.

Government-funded R&D can also promote collaboration between industry stakeholders and academic institutions, fostering the growth of a competitive and innovative SLI battery market.

In conclusion, government policies have a substantial impact on the global SLI battery market by shaping environmental standards, promoting EV adoption, regulating recycling practices, incentivizing energy storage, influencing trade dynamics, and driving R&D efforts. Understanding and adapting to these policies is essential for businesses operating in the SLI battery industry to thrive in a rapidly changing regulatory landscape.

 

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Key Market Challenges

Environmental Concerns and Sustainable Practices

One of the foremost challenges facing the global SLI (Starting, Lighting, and Ignition) battery market relates to environmental concerns and the need for sustainable practices. SLI batteries, particularly traditional lead-acid batteries, have long been associated with environmental issues, including lead pollution and challenges in recycling and disposal.

Lead-acid batteries, which have been the standard for SLI applications for decades, contain lead, a highly toxic substance. Improper disposal or recycling of lead-acid batteries can lead to soil and water contamination, posing significant health risks to humans and wildlife. To address this issue, governments have introduced stringent regulations governing battery recycling and disposal, but compliance can be challenging, particularly in regions with lax enforcement.

Furthermore, while lead-acid batteries are recyclable, the recycling process itself can be energy-intensive. This poses a sustainability challenge, as the energy used in recycling must be weighed against the environmental benefits of battery recycling. Manufacturers are actively working on improving the environmental footprint of SLI batteries by researching alternative materials and more efficient recycling processes, but these efforts are ongoing.

Another environmental concern in the SLI battery market is the production of advanced battery technologies, such as lithium-ion batteries used in electric vehicles (EVs). The extraction of lithium, cobalt, and other rare earth metals used in these batteries can have negative environmental and social impacts, including habitat destruction and human rights violations in mining regions. Balancing the growing demand for EVs with responsible sourcing and sustainable practices is a complex challenge for the industry.

Evolving Automotive Technology and Market Dynamics

The automotive industry is undergoing rapid transformation, driven by advancements in technology and changing consumer preferences. This presents a significant challenge for the global SLI battery market as it navigates evolving automotive technology and market dynamics.

One major shift is the increasing adoption of electric vehicles (EVs), which use high-capacity lithium-ion batteries for propulsion. As EVs gain popularity and governments worldwide set ambitious targets for electrification, there is a potential decline in the demand for traditional SLI batteries used in internal combustion engine (ICE) vehicles. While SLI batteries are still essential for hybrid vehicles and traditional ICE vehicles, the growth trajectory may be affected.

Additionally, emerging automotive technologies like start-stop systems and mild hybrid systems are changing the requirements for SLI batteries. These systems demand batteries that can handle frequent starts and stops, posing durability and performance challenges for SLI battery manufacturers. Meeting these evolving requirements while ensuring affordability for consumers can be a delicate balancing act.

Furthermore, the automotive industry is experiencing a shift towards connected and autonomous vehicles, which rely on advanced electrical systems. These systems require reliable SLI batteries to power various vehicle functions, such as sensor arrays, communication systems, and safety features. Meeting the power demands of these emerging technologies while maintaining the reliability of SLI batteries presents technical challenges.

In conclusion, the global SLI battery market faces challenges related to environmental concerns and sustainability, as well as the need to adapt to evolving automotive technology and market dynamics. To thrive in this dynamic landscape, battery manufacturers and stakeholders must continue to invest in research and innovation, adopt sustainable practices, and remain agile in responding to changing consumer preferences and regulatory requirements.

Segmental Insights

Enhanced Flooded Battery (EFB)) Insights

The Enhanced Flooded Battery (EFB)) segment had the largest market share in 2022 & expected to maintain it in the forecast period. Start-stop systems, which automatically shut off and restart a vehicle's engine to save fuel and reduce emissions during idle periods, were becoming increasingly common in many regions. EFB batteries are well-suited to handle the frequent charge-discharge cycles associated with start-stop systems. This technology's proliferation boosted the demand for EFB batteries. The growth of hybrid vehicles, which combine internal combustion engines with electric propulsion, also contributed to the prominence of EFB batteries. Hybrid vehicles often require batteries that can support both conventional engine starting and electrical energy storage for hybrid systems. EFB batteries can meet these dual requirements effectively. EFB batteries offer superior cycling performance compared to traditional flooded batteries. They are better equipped to handle the demands of modern vehicles, where electrical systems are becoming increasingly sophisticated. EFB batteries have a longer service life and maintain performance under frequent starts and stops. Original equipment manufacturers (OEMs) in the automotive industry began to adopt EFB batteries in their vehicle designs. This endorsement from major automakers helped drive the widespread adoption of EFB batteries in new vehicles. Stricter environmental regulations and emissions standards pushed automakers to invest in technologies like start-stop systems, which reduce fuel consumption and emissions. EFB batteries play a crucial role in supporting these systems, aligning with regulatory requirements. Consumers were becoming more conscious of fuel efficiency and environmental impact, leading to increased demand for vehicles equipped with start-stop technology. This, in turn, boosted the demand for EFB batteries.

Automotive Insights

The Automotive segment had the largest market share in 2022 and is projected to experience rapid growth during the forecast period. The automotive industry is massive, with billions of vehicles on the road worldwide. Almost every vehicle, whether it's a passenger car, truck, bus, motorcycle, or agricultural vehicle, requires an SLI battery to start the engine and power essential electrical systems. This sheer volume of vehicles ensures a substantial and consistent demand for SLI batteries.  SLI batteries are an integral part of the automotive ecosystem. Without a reliable SLI battery, a vehicle cannot start, and its critical functions like lighting, ignition, and accessory power would be compromised. This essential functionality makes SLI batteries indispensable in the automotive industry. SLI batteries have a finite lifespan, typically ranging from three to five years. Consequently, there is a continuous replacement cycle in the automotive sector. As vehicles age, their batteries require replacement, contributing to ongoing demand. This cycle ensures a stable market for SLI battery manufacturers. The automotive sector encompasses a wide range of vehicle types, from compact cars to heavy-duty trucks and everything in between. Each vehicle type requires a specific type and size of SLI battery, leading to a diverse product range for battery manufacturers. This diversity allows manufacturers to cater to various customer needs and preferences. Technological advancements in the automotive industry, such as start-stop systems, require more advanced SLI batteries. These systems automatically shut off and restart the engine to save fuel and reduce emissions when the vehicle is stationary. Start-stop systems have become increasingly common, driving the demand for enhanced SLI batteries capable of handling the additional power cycling. The automotive market is global, with demand coming from regions worldwide. Emerging economies, in particular, are experiencing a surge in vehicle ownership, contributing to the growth of the SLI battery market. This global reach allows battery manufacturers to tap into a wide customer base. While the automotive industry is evolving with the introduction of electric vehicles (EVs), hybrid vehicles, and alternative propulsion technologies, the demand for traditional ICE vehicles and their SLI batteries remains steady. This stability provides a reliable foundation for SLI battery manufacturers.

 

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Regional Insights

North America

North America is the second-largest market for SLI batteries in the world, accounting for over 20% of the global market share. The growth of the SLI battery market in North America is being driven by the increasing demand for vehicles, particularly in the United States. The US is the largest automotive market in North America, and it is expected to remain so in the coming years.

Europe

Europe is the third-largest market for SLI batteries in the world, accounting for over 15% of the global market share. The growth of the SLI battery market in Europe is being driven by the increasing popularity of start-stop systems in vehicles. Start-stop systems are designed to save fuel by automatically turning off the engine when the vehicle is at a standstill. This puts additional stress on the SLI battery, and therefore, there is a growing demand for high-performance SLI batteries in Europe.

Asia Pacific

Asia Pacific is the largest market for SLI batteries in the world, accounting for over 50% of the global market share. The growth of the SLI battery market in Asia Pacific is being driven by the increasing demand for vehicles in developing countries such as China and India. China is the largest automotive market in the world, and it is expected to remain so in the coming years.

Recent Developments

  • In 2023, Clarios announced a USD 100 million investment in its SLI battery manufacturing facility in Monterrey, Mexico. The investment will be used to expand capacity and produce new advanced SLI battery technologies.
  • In 2022, Exide Technologies announced a USD 120 million investment in its SLI battery manufacturing facility in Florence, South Carolina. The investment will be used to expand capacity and produce new advanced SLI battery technologies.
  • In 2021, Johnson Controls announced a USD 60 million investment in its SLI battery manufacturing facility in Olathe, Kansas. The investment will be used to expand capacity and produce new advanced SLI battery technologies.

Key Market Players

  • Johnson Controls, Inc.
  • Clarios LLC
  • GS Yuasa Corporation
  • East Penn Manufacturing Co., Inc.
  • Enersys
  • Leoch International Technology Limited
  • Crown Battery Manufacturing Company
  • Trojan Battery Company
  • Acumuladores Moura S.A.
  • Power Sonic Corporation

By

By Application

By Sales Channel

By Region
  • Flooded,
  • Enhanced Flooded Battery (EFB)
  • Automotive
  • UPS
  • Telecom
  • Others
  • OEM
  • Aftermarket
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global SLI Battery Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • SLI Battery Market, By Type:

o   Flooded,

o   Enhanced Flooded Battery (EFB)  

  • SLI Battery Market, By Application:

o   Automotive

o   UPS

o   Telecom

o   Others

  • SLI Battery Market, By Sales Channel:

o   OEM

o   Aftermarket  

  • SLI Battery Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Kuwait

§  Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global SLI Battery Market.

Available Customizations:

Global SLI Battery market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global SLI Battery Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

2.    Key Market Segmentations

3.    Research Methodology

3.1.  Objective of the Study

3.2.  Baseline Methodology

3.3.  Formulation of the Scope

3.4.  Assumptions and Limitations

3.5.  Sources of Research

3.5.1.     Secondary Research

3.5.2.     Primary Research

3.6.  Approach for the Market Study

3.6.1.The Bottom-Up Approach

3.6.2.The Top-Down Approach

3.7.  Methodology Followed for Calculation of Market Size & Market Shares

3.8.  Forecasting Methodology

3.8.1.Data Triangulation & Validation

4.    Executive Summary

5.    Voice of Customer

6.    Global SLI Battery Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Type (Flooded, Enhanced Flooded Battery (EFB)),

6.2.2.    By Application (Automotive, UPS, Telecom, Others),

6.2.3.    By Sales Channel (OEM, Aftermarket),

6.2.4.    By Region

6.2.5.    By Company (2022)

6.3.  Market Map

7.    North America SLI Battery Market Outlook

7.1.  Market Size & Forecast       

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Type

7.2.2.    By Application

7.2.3.    By Sales Channel

7.2.4.    By Country

7.3.  North America: Country Analysis

7.3.1.    United States SLI Battery Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Type

7.3.1.2.2.           By Application

7.3.1.2.3.           By Sales Channel

7.3.2.    Canada SLI Battery Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Type

7.3.2.2.2.           By Application

7.3.2.2.3.           By Sales Channel

7.3.3.    Mexico SLI Battery Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Type

7.3.3.2.2.           By Application

7.3.3.2.3.           By Sales Channel

8.    Europe SLI Battery Market Outlook

8.1.  Market Size & Forecast       

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Type

8.2.2.    By Application

8.2.3.    By Sales Channel

8.2.4.    By Country

8.3.  Europe: Country Analysis

8.3.1.    Germany SLI Battery Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Type

8.3.1.2.2.           By Application

8.3.1.2.3.           By Sales Channel

8.3.2.    United Kingdom SLI Battery Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Type

8.3.2.2.2.           By Application

8.3.2.2.3.           By Sales Channel

8.3.3.    Italy SLI Battery Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Type

8.3.3.2.2.           By Application

8.3.3.2.3.           By Sales Channel

8.3.4.    France SLI Battery Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Type

8.3.4.2.2.           By Application

8.3.4.2.3.           By Sales Channel

8.3.5.    Spain SLI Battery Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Type

8.3.5.2.2.           By Application

8.3.5.2.3.           By Sales Channel

9.    Asia-Pacific SLI Battery Market Outlook

9.1.  Market Size & Forecast       

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Type

9.2.2.    By Application

9.2.3.    By Sales Channel

9.2.4.    By Country

9.3.  Asia-Pacific: Country Analysis

9.3.1.    China SLI Battery Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Type

9.3.1.2.2.           By Application

9.3.1.2.3.           By Sales Channel

9.3.2.    India SLI Battery Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Type

9.3.2.2.2.           By Application

9.3.2.2.3.           By Sales Channel

9.3.3.    Japan SLI Battery Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Type

9.3.3.2.2.           By Application

9.3.3.2.3.           By Sales Channel

9.3.4.    South Korea SLI Battery Market Outlook

9.3.4.1.        Market Size & Forecast

9.3.4.1.1.           By Value

9.3.4.2.        Market Share & Forecast

9.3.4.2.1.           By Type

9.3.4.2.2.           By Application

9.3.4.2.3.           By Sales Channel

9.3.5.    Australia SLI Battery Market Outlook

9.3.5.1.        Market Size & Forecast

9.3.5.1.1.           By Value

9.3.5.2.        Market Share & Forecast

9.3.5.2.1.           By Type

9.3.5.2.2.           By Application

9.3.5.2.3.           By Sales Channel

10. South America SLI Battery Market Outlook

10.1.             Market Size & Forecast        

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Type

10.2.2. By Application

10.2.3. By Sales Channel

10.2.4. By Country

10.3.             South America: Country Analysis

10.3.1. Brazil SLI Battery Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Type

10.3.1.2.2.         By Application

10.3.1.2.3.         By Sales Channel

10.3.2. Argentina SLI Battery Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Type

10.3.2.2.2.         By Application

10.3.2.2.3.         By Sales Channel

10.3.3. Colombia SLI Battery Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Type

10.3.3.2.2.         By Application

10.3.3.2.3.         By Sales Channel

11. Middle East and Africa SLI Battery Market Outlook

11.1.             Market Size & Forecast        

11.1.1. By Value

11.2.             Market Share & Forecast

11.2.1. By Type

11.2.2. By Application

11.2.3. By Sales Channel

11.2.4. By Country

11.3.             MEA: Country Analysis

11.3.1. South Africa SLI Battery Market Outlook

11.3.1.1.     Market Size & Forecast

11.3.1.1.1.         By Value

11.3.1.2.     Market Share & Forecast

11.3.1.2.1.         By Type

11.3.1.2.2.         By Application

11.3.1.2.3.         By Sales Channel

11.3.2. Saudi Arabia SLI Battery Market Outlook

11.3.2.1.     Market Size & Forecast

11.3.2.1.1.         By Value

11.3.2.2.     Market Share & Forecast

11.3.2.2.1.         By Type

11.3.2.2.2.         By Application

11.3.2.2.3.         By Sales Channel

11.3.3. UAE SLI Battery Market Outlook

11.3.3.1.     Market Size & Forecast

11.3.3.1.1.         By Value

11.3.3.2.     Market Share & Forecast

11.3.3.2.1.         By Type

11.3.3.2.2.         By Application

11.3.3.2.3.         By Sales Channel

11.3.4. Kuwait SLI Battery Market Outlook

11.3.4.1.     Market Size & Forecast

11.3.4.1.1.         By Value

11.3.4.2.     Market Share & Forecast

11.3.4.2.1.         By Type

11.3.4.2.2.         By Application

11.3.4.2.3.         By Sales Channel

11.3.5. Turkey SLI Battery Market Outlook

11.3.5.1.     Market Size & Forecast

11.3.5.1.1.         By Value

11.3.5.2.     Market Share & Forecast

11.3.5.2.1.         By Type

11.3.5.2.2.         By Application

11.3.5.2.3.         By Sales Channel

12. Market Dynamics

13. Market Trends & Developments

14. Competitive Landscape

14.1.       Johnson Controls, Inc.

14.1.1. Business Overview

14.1.2. Key Revenue and Financials 

14.1.3. Recent Developments

14.1.4. Key Personnel/Key Contact Person

14.1.5. Key Product/Services Offered

14.2.       Clarios LLC

14.2.1. Business Overview

14.2.2. Key Revenue and Financials 

14.2.3. Recent Developments

14.2.4. Key Personnel/Key Contact Person

14.2.5. Key Product/Services Offered

14.3.       GS Yuasa Corporation

14.3.1. Business Overview

14.3.2. Key Revenue and Financials 

14.3.3. Recent Developments

14.3.4. Key Personnel/Key Contact Person

14.3.5. Key Product/Services Offered

14.4.       East Penn Manufacturing Co., Inc.

14.4.1. Business Overview

14.4.2. Key Revenue and Financials 

14.4.3. Recent Developments

14.4.4. Key Personnel/Key Contact Person

14.4.5. Key Product/Services Offered

14.5.       Enersys

14.5.1. Business Overview

14.5.2. Key Revenue and Financials 

14.5.3. Recent Developments

14.5.4. Key Personnel/Key Contact Person

14.5.5. Key Product/Services Offered

14.6.       Leoch International Technology Limited

14.6.1. Business Overview

14.6.2. Key Revenue and Financials 

14.6.3. Recent Developments

14.6.4. Key Personnel/Key Contact Person

14.6.5. Key Product/Services Offered

14.7.       Crown Battery Manufacturing Company

14.7.1. Business Overview

14.7.2. Key Revenue and Financials 

14.7.3. Recent Developments

14.7.4. Key Personnel/Key Contact Person

14.7.5. Key Product/Services Offered

14.8.       Trojan Battery Company

14.8.1. Business Overview

14.8.2. Key Revenue and Financials 

14.8.3. Recent Developments

14.8.4. Key Personnel/Key Contact Person

14.8.5. Key Product/Services Offered

14.9.       Acumuladores Moura S.A.

14.9.1. Business Overview

14.9.2. Key Revenue and Financials 

14.9.3. Recent Developments

14.9.4. Key Personnel/Key Contact Person

14.9.5. Key Product/Services Offered

14.10.    Power Sonic Corporation

14.10.1.              Business Overview

14.10.2.              Key Revenue and Financials 

14.10.3.              Recent Developments

14.10.4.              Key Personnel/Key Contact Person

14.10.5.              Key Product/Services Offered

15. Strategic Recommendations

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global SLI Battery Market was USD 27.08 billion in 2022.

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The Enhanced Flooded Battery (EFB)) segment had the largest market share in 2022 & expected to maintain it in the forecast period. Start-stop systems, which automatically shut off and restart a vehicle's engine to save fuel and reduce emissions during idle periods, were becoming increasingly common in many regions. EFB batteries are well-suited to handle the frequent charge-discharge cycles associated with start-stop systems. This technology's proliferation boosted the demand for EFB batteries.

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The Automotive segment had the largest market share in 2022 and is projected to experience rapid growth during the forecast period. The automotive industry is massive, with billions of vehicles on the road worldwide. Almost every vehicle, whether it's a passenger car, truck, bus, motorcycle, or agricultural vehicle, requires an SLI battery to start the engine and power essential electrical systems. This sheer volume of vehicles ensures a substantial and consistent demand for SLI batteries.

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Increasing use of SLI batteries in industrial and commercial applications and rising demand for vehicles are the major drivers of the Global SLI Battery Market.

Related Reports

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Parvati Sharma

Account Manager BD
Press Release

SLI Battery Market to Grow with a CAGR of 8.19% through 2028

Oct, 2023

Increasing use of SLI batteries in industrial and commercial applications and rising demand for vehicles are likely to drive the market in the forecast period.

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