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America SLI Battery Market size to hit $16bn by 2025 |CAGR:2%

Author : Rahul Sankrityayan | Published Date : 2019-08-26 

The size of America SLI Battery Market was anticipated as 14 billion in the year 2018 and is predicted to touch 16 billion till 2025, rising with a CAGR of 2% between the years 2019 to 2025 as per the research done by Global Market Insights, Inc.

Rising disposable incomes of consumers and their ability to purchase new vehicles have significantly proliferated the America SLI battery market, combined with the steady development of innovative automobile features.

Electronic systems have become an inevitable part of all automotive offerings and entail different levels of load on batteries supporting them. Millions of existing cars represent a massive target base for the replacement of batteries and will certainly bring in notable revenues for the America SLI battery industry, particularly from the sale of conventional lead-acid products.

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 Consistent demand for products which last longer, have better charge acceptance and can handle larger workload will augment the consumption of emerging technologies like enhanced flooded batteries (EFB) and absorbent glass mat (AGM) batteries.

AGM batteries specifically are able to provide vast reserves of power and are suitable as a replacement option in older passenger cars and trucks as well, which can in turn benefit from the technology’s longer service life. Primary advantage of endorsing this car battery type is the fact that it is maintenance free and does not leak, lessening overall costs over a period of time otherwise experienced with conventional lead-acid batteries. Usually, commercial vehicles are subject to continuous usage over a number of shifts to perform various tasks like heavy lifting, long-distance transport of goods as well as traversing over difficult terrains. AGM batteries show superior capabilities to endure these high loads and could account for a higher share of the America SLI battery market over the coming years.

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Innovative automobile systems to influence development of the America SLI battery industry

Generally, working of car battery did not affect how consumers viewed a vehicle and what impacts they have on the environment. The America SLI battery market has been transforming as people become more aware about quality and performance of vehicle components in conjunction with the development of hybrid, micro-hybrid and electric vehicles. Revolutionary systems being introduced in vehicles to enhance fuel efficiency have created a need to deploy high power, long lasting batteries that can withstand continuous charging cycles and do not require adding water to the car battery.

AGM batteries are ideal for systems such as start & stop and regenerative breaking:

The start & stop system essentially switches off the vehicle when stationary and restarts the engine when the break is released, and accelerator pedal is depressed. This raises the number of engines starts a battery can deliver over its lifetime, while simultaneously saving fuel.

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Regenerative breaking is responsible for recovering the heat normally lost while breaking, feed it back to the charging system and recharge the battery. A conventional battery is not capable of handling this system, necessitating the use of AGM batteries, which have lower internal resistance and can covert the energy more efficiently.

In a nutshell, the America SLI battery market can be expected to see remarkable growth from the consistent demand for commercial vehicles and rising adoption of fuel saving technologies in countries like the U.S., Canada, Brazil and Mexico. Shifting preference of automakers to produce hybrid versions of passenger cars may also influence the industry dynamics. Reports estimate that the America SLI battery market will surpass a valuation of US$16 billion by 2025.

Partial Table of Contents (ToC) of the report:

Report Content

Chapter 1 Methodology & Scope

1.1 Methodology

1.2 Market definitions

1.3 Market estimation & forecast parameters

1.4 Data Sources

1.4.1 Primary

1.4.2 Secondary

1.4.2.1 Paid Sources

1.4.2.2 Public Sources

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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