USD 34.02 Billion
America SLI Battery Market Size, Share, Growth Analysis, By Technology(Flooded, EFB, VRLA, AGM), By Application(Automotive, UPS, Telecom, and Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25A2301 |
Region:
Global |
Published Date: May, 2024
Pages:
223
|Tables:
66
|Figures:
69
America SLI Battery Market Insights
America SLI Battery Market size was valued at USD 34.02 Billion in 2022 and is poised to grow from USD 35.11 Billion in 2023 to USD 45.18 Billion by 2031, growing at a CAGR of 3.2% in the forecast period (2024-2031).
The America SLI battery market is expected to expand by 2.5-to-4-terawatt hours (TWh) per year by 2030, about three to five times the current 800-gigawatt hour (GWh) growth receiving energy storage onboard and in transport. Energy storage became increasingly in demand in five to ten times more energy consumption than fixed energy storage. The increasing demand is expected to fuel the growth of the America SLI battery market.
SLI batteries have evolved with the introduction of new technologies to the market such as start-stop and regenerative braking processes. The low cost coupled with the easy availability of copper is a good indicator of the growing popularity of SLI batteries among consumers and end users. Both the increase in the number of distribution channels and the overall increase in per capita income coupled with the need for individual mobility are contributing to the growing demand for SLI batteries.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
EFB
Fastest Growth
VRLA
Growth Rate
3.2% CAGR
America SLI Battery Market ($ Bn)
Country Share for U.S. Region (%)
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America SLI Battery Market Segmental Analysis
Based on technology the market is segmented into flooded, EFB, VRLA, AGM, GEL. Based on application the market is segmented into automotive, UPS, telecom, and Others. Based on sales channel the market is segmented into OEM, aftermarket. Based on Region the market is segmented as, U.S., Canada, Panama, Brazil, Argentina, Mexico, Chile, Colombia, Ecuador, Paraguay, Peru, Uruguay, Dominican Republic.
Analysis by Technology
EFB is the dominating segment in the market. The America SLI battery market from the EFB segment is expected to register a growth rate of nearly 4% till 2030. EFB batteries are improved versions of flooded batteries. Increased penetration of automatic start-stop systems and high priority of EFB batteries in these units is set to drive segment growth Other important benefits of the technology include improved deep & partial discharge performance, reduced maintenance requirements and emissions a decline in productivity to support that adoption.
VRLA battery is the fastest growing segment in the market. VRLA batteries with absorbed glass mat (AGM) and gel batteries have become increasingly popular in the US. SLI battery market due to maintenance-free performance, seal design and durability. These types of batteries are commonly used in modern cars, passenger cars, trucks, commercial vehicles, marine and rescue vehicles surface. The America SLI battery market offers many advantages such as leak resistance, spill-proof construction, and the ability to operate in multiple modes without risk of electrolyte spillage These features for VRLA batteries offer demanding automotive applications. They are best suited where reliability and safety are paramount.
Analysis by Sales Channel
The OEM segment of the America SLI battery market is predicted to witness a profit margin of more than 2% between 2022 and 2030. The expanding automotive industry has led to an increase in SLI batteries in new vehicles. According to the International Organization of Automobile Manufacturers (OICA), world vehicles grew by 5% in 2021 compared to 2020, boosting consumer demand for OEM batteries, further supporting industry expansion.
Aftermarket is the fastest growing segment in the market. The aftermarket segment of the America SLI battery market involves the replacement and maintenance of automotive batteries. Because SLI batteries have a short lifespan, typically 3-5 years, vehicle owners often replace them to ensure reliable starting, lighting and ignition. On the aftermarket side, customers have several options when choosing a replacement SLI battery for their vehicles. Factors such as battery type, brand name, performance specifications, and price influence purchasing decisions in the aftermarket segment. VRLA batteries, with their maintenance-free and reliable performance, are the choice of customers who want hassle-free replacement batteries.
America SLI Battery Market By Technology (%)
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America SLI Battery Market Regional Insights
U.S. region is dominating in the market. It is expected that the market size is expected to grow to nearly $8.3 Billion by 2022, driven by increasing automotive demand, coupled with rapidly expanding automotive industry, with regulatory support aimed at penetration in the country due to intensification of production over the years. For example, Battery Council International (BCI) and other battery associations have invested heavily in research and development of new applications and technologies for lead-acid batteries in addition to East Penn Manufacturing's $2.4 Billion U.S. investment. EnerSys, one of the largest manufacturers of SLI batteries in the world, has its corporate headquarters.
Canada is the fastest growing region in the market. Canada has a larger automotive market, requiring SLI batteries for a significant number of vehicles. Demand for SLI batteries in Canada comes from two original aftermarket vehicle manufacturers (OEMs). While Canada may not produce SLI batteries compared to countries like Mexico, Canada still has factories producing SLI batteries to meet domestic demand plus some international battery manufacturers have manufacturing or distribution networks in Canada. Toronto is a hub for Canadian industries, including automobile manufacturing and batteries and other related industries. Montreal is another important city in the automotive industry.
America SLI Battery Market By Geography
- Largest
- Fastest
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America SLI Battery Market Dynamics
Drivers
Growing Auto Industry is Increasingly Using SLI Batteries
- The increasing number of vehicles not covered under warranty has led to an ever-increasing demand for lead acid SLI batteries. The production of high-quality vehicles increased the service life of vehicles, which in turn drives the growth of the SLI battery market The SLI battery market shows a northward growth, owing to relocation of manufacturing facilities and capacity consumption by consumers due to higher inflation rates in developing countries like India and China. Enhanced Flooded Battery (EFB) and Valve Regulated Lead Acid (VRLA) batteries benefit from the adoption of new vehicle technologies such as start-stop systems and regenerative braking.
Increasing Vehicle Sales and Production
- The SLI (Starting, Lighting, and Ignition) battery market is driven by the growing automotive industry. As the demand for vehicles increases worldwide, the need for SLI batteries to power these vehicles increases. Apart from rising car ownership especially in developing countries, with urbanization, rising disposable income and improving transport infrastructure, there has been a shift to automobiles electric vehicle (EV) has also contributed to the demand for SLI batteries, as hybrid and conventional combustion engines (ICE) cars always rely on these batteries for their initial auxiliary power needs.
Growing Renewable Energy Sector
- The expansion of the renewable energy sector is another important driver of the SLI battery market. With the increasing adoption of solar and wind energy systems, increasing the need for energy storage solutions, SLI batteries play an important role in storing energy for these systems. These batteries store excess energy production during periods of high renewable energy production, or when demand exceeds supply Releasing her on cloudy or windless days. As governments around the world push for clean energy policies and grid stability is encouraged, the demand for SLI batteries in the renewable energy sector is expected to continue to grow.
Restraints
Environmental Concerns and Sustainable Practices
- One of the major challenges facing the SLI (Starting, Lighting, and Ignition) battery market relates to environmental concerns and the need for sustainable practices. SLI batteries, especially lead-acid batteries commonly used, have long been associated with environmental issues, including lead - pollution, and the challenges of recycling and disposal.
- Lead-acid batteries, the standard used in SLI for decades, contain lead, a highly toxic material. Improper disposal or recycling of lead batteries can lead to soil and water pollution, posing serious health risks to humans and wildlife to address this issue, governments has introduced stricter regulations on battery recycling and disposal, but complying with them can be difficult, especially with poor enforcement in communities.
Growing Opposition from Alternative Technologies
- One giant restraint inside the America SLI (Starting, Lighting, and Ignition) battery market is the growing opposition from alternative technologies. While SLI batteries have been the traditional choice for automobile beginning packages, the rise of electric automobiles (EVs) and advancements in power storage answers pose a challenge to the sustained demand for SLI batteries. As consumers and automotive manufacturers transition towards electrification, the call for traditional SLI batteries may also face a sluggish decline, impacting marketplace growth in the long term.
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America SLI Battery Market Competitive Landscape
To understand the competitive landscape, we analyze the leading vendors of America SLI Battery Market in the market. To understand the competitive rivalry, we provide revenue, cost, products, raw materials, regions covered, market share, major industries, upcoming products, and any news related to the America SLI Battery market. We also conducted a comprehensive analysis of Porter’s Five Forces to confirm our hypothesis and validate our findings in the market ecology. Each force, namely competitive competition, capacity supplier, buyer capacity, threat of substitution, threat of new entrants, is examined using theories that govern those forces.
Top Player’s Company Profiles
- Clarios
- East Penn Manufacturing Company
- Enersys
- Crown Battery
- Accumulators Moura SA
- GS Yuasa International Ltd
- Dyno Battery Inc
- Fabrica Nacional de Acumuladores (ETNA) S.A
- Interstate Batteries
- Continental Battery Systems
- ACDelco, Hankook & Company Co Ltd
- FIAMM Energy Technology S.p.A
- leoch International Technology Limited Inc.
- Exide Technologies
Recent Developments
- In August 2022, East Penn announced the opening of a new completion and distribution center in Temple, Texas. The new facility will allow the company to expedite deliveries to customers throughout Texas while also creating 260 new skilled labor jobs statewide. Additionally, the new distribution center will augment East Penn’s energy storage systems in Texas, which will also be expanded in the US.
- In July 2022, Enersis announced the opening of a new distribution center that will be an extension of the Richmond, Kentucky distribution center. The new center occupies 195,000 square feet (about twice the area of a Manhattan city block) and will help the company provide faster and more reliable services to its clients throughout Kentucky through faster order processing and increased delivery capacity. The new distribution center will create more jobs in the country, increasing the company’s social responsibility in the coming years.
- In May 2023, Continental Battery Co. and Battery Systems entered a partnership that enhanced the branding of products and services. This collaboration will expand the company’s footprint across the United States with the goal of providing premium services.
America SLI Battery Key Market Trends
- Increasing Emphasis on SLI Batteries:A key trend shaping the America SLI battery market is the growing call for more desirable performance and durability. As automobile technologies evolve and car electrification gains momentum, there may be an increasing emphasis on SLI batteries that provide better cold cranking amps (CCA), longer lifespan, and progressed reliability. Additionally, improvements in battery substances and manufacturing procedures are riding the improvement of SLI batteries with advanced overall performance traits, assembly the evolving desires of modern-day motors and making sure dependable starting, lighting fixtures, and ignition functions in diverse operating conditions.
America SLI Battery Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The America SLI battery market continues to show resilience amid evolving automotive trends and technological advancements. Faced with challenges from electric vehicles and new technologies, the market remains stable driven by continued demand for conventional internal combustion vehicles and ancillary products requiring capable operation reliable starting and ignition The market is witnessing the uptake of the SLI battery. A strategic plan aimed at product innovation, product efficiency, and market expansion are key factors to open the growth opportunities and maintain the competitiveness in the America SLI battery market.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 34.02 Billion |
| Market size value in 2031 | USD 45.18 Billion |
| Growth Rate | 3.2% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on America SLI Battery Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on America SLI Battery Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the America SLI Battery Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the America SLI Battery Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the America SLI Battery Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the America SLI Battery Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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