SLI Battery Market Scope
An SLI battery is a lead-acid and rechargeable type of battery that is mainly used in automobiles and other internal combustion engines. SLI means starting, lighting, and ignition, these processes are all-consuming energy that is supplied by the vehicles battery. Adoption of new automobile technologies including start-stop systems & regenerative breaking has created a positive business scenario for Enhanced Flooded Batteries (EFB) and Valve Regulated Lead Acid (VRLA) batteries. Shifting trends toward personal mobility and e-hailing will further complement the industry growth in the forecast period. Increasing economic stability & growth across the developing economies coupled with a positive outlook toward the automobile industry has led to significant growth of the global SLI Battery market in the coming years.
According to AMA, the Global SLI Battery market is expected to see growth rate of 3.46%The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global SLI Battery market throughout the predicted period.
Johnson Controls, Inc. (Ireland), East Penn Manufacturing Co., Inc. (United States), Exide Technologies (United States), Enersys (United States), Leoch International Technology Limited (China), Crown Battery Manufacturing Company (United States), Trojan Battery Company (United States), Acumuladores Moura S/A (Brazil), GS Yuasa Corporation (Japan), Power Sonic Corporation (United States), NorthStar Battery Company LLC (United States) and Braille Battery, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are U.S. Battery Manufacturing Co. (United States), Discover Battery (Canada), Enerbrax-Acumuladores Ltda (Brazil), Continental Battery Manufacturing Company (United States), Dyno Battery (United States) and ACDelco (United States).
Segmentation Overview
The study have segmented the market of Global SLI Battery market by Type (Flooded Battery, EFB, VRLA (AGM, GEL) and Others), by Application (Automotive (Bikes and Motorbikes, Passenger Vehicles, Commercial Vehicles, Electric Vehicles, Forklifts) and Others) and Region with country level break-up.
On the basis of geography, the market of SLI Battery has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
The Rising Legislative Support for Battery Recycling
Market Growth Drivers:
Rising Population of Vehicles Outside the Warranty Period has created a Persistent Demand for SLI Batteries and Increasing Purchasing Power of Consumers Across Developing Economies
Challenges:
Increasing Penetration of Alternative Lithium-ion Batteries
Restraints:
Stringent Government Regulations
Opportunities:
Growing Applications in a Vehicles and Technological Advancements in Automotive SLI Battery
On 7th August 2019, Clarios has launched onto the battery industry with a pledge to invest in its lead-acid and lithium products. The company is focusing on AGM and 12V lead-acid batteries for electric vehicles.
Key Target Audience
SLI Battery Manufacturers, Automotive Manufacturers, Raw Materials Suppliers, Government and Research Organisations, Industry Associations, End Users and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.