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SLI Battery Market Size Worth $47 bn By 2025 | CAGR: 3.1%

Author : Rahul Sankrityayan | Published Date : 2019-08-13 

SLI Battery Market report research highlights key dynamics of the global sector. The potential of the industry has been investigated along with the key challenges. The current market scenario and prospects of the sector has also been studied.

Global SLI Battery Market is anticipated to exceed USD 47 billion by 2025. Increasing economic growth & stability along with optimistic outlook toward automobile industry will enhance the SLI battery industry landscape. Increasing investments toward automobile manufacturing coupled with ongoing technological innovations will further strengthen the demand for starter batteries in the coming years.

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Increasing demand of passenger vehicles along with the relocation of automobile manufacturing facilities across developing economies including China, Brazil, Indonesia and India will drive the SLI battery market growth. Moreover, shifting trends toward e-hailing and personal mobility will positively stimulate the product demand.

Valve regulated lead-acid SLI battery market is set to witness gains over 4% by 2025. Long service life along with high cranking performance are some of the significant factors that favor the deployment of these units over traditional lead-acid batteries. Adoption of new automobile technologies including regenerative braking and start-stop systems has created a favorable business scenario for VRLA batteries. Furthermore, the increasing demand for additional electrical equipment and electronics in the automobile will create a persistent demand for SLI batteries.

SLI battery market from aftermarket is anticipated to expand over 2% by 2025. Rising national automobile age coupled with increasing population of automobiles outside the warranty period has created a cyclical demand for lead-acid SLI battery. Furthermore, the shifting trends toward increased spending aimed at the maintenance and repair of vehicles will augment the industry outlook.

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The Middle East & Africa SLI battery is anticipated to exceed over USD 4 billion by 2025. Growing number of CKD (Complete Knock-Down) plants coupled with increasing per capita income will drive the product demand. Furthermore, growing construction activities along with recovering economic growth will increase the demand for light & heavy commercial vehicles, which in turn will boost the adoption of SLI battery.

Enhanced flood SLI battery market will witness growth 5% by 2025. Large charging cycles along with optimized charge acceptance are some of the prominent factors that will boost the adoption of these batteries. The increasing demand for high performance automotive batteries with high power supply will further strengthen product penetration.

The Asia Pacific SLI battery market is set to witness strong growth on account of robust macroeconomic indicators coupled with increasing investments toward automobile manufacturing will propel the demand for SLI batteries. Low cost steel production, robust R&D facilities and ease in the availability of skilled labor have created a positive business environment for automobile manufacturing across the region. Increasing rates of car ownership coupled by robust demand for two-wheelers will further strengthen the adoption of these units.

Prominent industry players across the market include Banner Batteries, Mutlu Battery, Johnson Controls, Braille Battery, Leoch International, East Penn, Erdil Battery, Enersys, Crown Battery, Trojan Battery, Exide, ACDelco, Acumuladores Moura S/A, FIAMM, Dyno Battery and GS Yuasa.

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About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

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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