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

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.