America SLI Battery Market

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.

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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).

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. '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'

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 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.

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.

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America SLI Battery Market

Report ID: SQMIG25A2301

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