SLI Battery Market: Global Industry Analysis and Forecast (2021-2027) Trends, Statistics, Dynamics, Segmentation by Type, Sales Channel, Application, and Region

SLI Battery Market was valued at US $ 31950 Mn. in 2020. Global SLI Battery Market size is estimated to grow at a CAGR of 3.2%.
SLI Battery Market Overview:
The SLI Battery stands for Starting, Lighting, and Ignition battery, which is a lead-acid and rechargeable battery, which is generally used for automobiles and in internal combustion engines. The SLI battery aims to start the engine in all-weather situations and to ensure operation in the case of an onboard electrical recharging type failure, allowing the auxiliary electrical equipment to function normally for a length of time. The SLI battery is generally considered a high-power-consuming battery with a lifespan of 3-6 years. In this type of battery, 6 cells are stacked together in an electrolytic fluid containing sulphuric acid to provide a voltage output of 12V. It works at a wide range of temperatures and provides various advantages, such as high current discharge, low internal resistance, and ultra–long life with a cycle life of more than 100000 times.


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2020 is considered as a base year to forecast the market from 2021 to 2027. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2027. 2020 is a year of exception and analyzed especially with the impact of lockdown by region.
SLI Battery Market Dynamics:
Growing Automobile Sector leads to Increasing usage of SLI Battery:
The growing number of automobiles that are no longer under warranty has resulted in a steady demand for lead-acid SLI batteries. The production of high-quality automobiles has increased vehicle operational life, which has increased the usage of starting batteries, which in turn drives SLI battery market growth. The SLI Battery market is showing northward direction growth, thanks to the relocation of vehicle manufacturing sites and rising consumer spending power in developing countries like India and China. Enhanced Flooded Batteries (EFB) and Valve Regulated Lead Acid (VRLA) batteries are benefiting from the adoption of new car technology such as start-stop systems and regenerative braking. The changing trend towards personal mobility and e-hailing is expected to fuel the SLI battery market growth during the forecast period.


Growing Stationary and Transportation Energy Storage:
The combined markets for stationary and transportation energy storage are expected to expand 2.5 to 4 terawatt-hours (TWh) each year up to 2030, which is almost three to five times the current 800-gigawatt-hour (GWh) market. Growing adoption of on-board energy storage and mobility has become the largest single demand for energy storage, accounting for five to ten times the amount of energy capacity used than fixed energy storage. The convergence of electrified mobility, lower battery storage costs, and increasing variable renewable output has resulted in an increase in energy storage research and commercial deployments across the globe in the electric and transportation sectors. As a result, the growing demand for the product for storage purposes is expected to drive the SLI battery market growth across the globe.

SLI batteries have improved with the introduction of new technologies like start-stop and regenerative braking processes to the market. The low cost along with easy availability of lead is a positive aspect for SLI batteries' high popularity among the consumers and end-users. An increase in the number of distribution channels, and a general rise in per capita incomes along with the necessity for personal mobility, are all contributing to the increasing demand for SLI batteries.
SLI Battery Market Segment Analysis:
Based on the Type, the SLI Battery Market is segmented into Flooded, Enhanced Flooded Battery (EFB), and Valve-Regulated Lead-Acid (VRLA). The Flooded segment held the largest market share, accounting for 58.1% in 2020. Flooded SLI batteries come in a variety of shapes and sizes, and they are less expensive than other battery systems. Flooded type batteries are more energy-efficient and high-performing batteries making them more preferable among various end-users. These factors are driving the SLI battery market growth for this segment.



Based on the Application, the SLI Battery Market is segmented into Automotive, UPS, Telecom, and Others. The Automatic segment held the largest market share, accounting for 43.7% in 2020. SLI batteries are widely used in automobiles and are always connected to the vehicle's charging system, resulting in a continuous charge and discharge cycle in the battery while the vehicle is in use. For more than 50 years, 12-volt batteries have been the most widely used batteries. However, when used in a car and charged by the alternator, its usual voltage is close to 14 volts. The growing demand for these batteries to power starter motors, lighting, and ignition systems, along with other internal combustion engines with high performance, long life, and cost-efficiency, are driving the SLI battery market growth for this segment.


SLI Battery Market Regional Insights:
Asia Pacific region held the largest market share accounted for 38% in 2020. The region’s growth is attributed to the strong economic growth and stability, along with the growing vehicle manufacturing facilities in the region. The easy availability of trained labor, low-cost steel production along strong research and development facilities are fueling automobile production, which in turn growing need for SLI batteries for vehicles. The growing adoption of two-wheeler and car vehicles among consumers is expected to boost the SLI battery market growth during the forecast period.



North America region is expected to witness significant growth at a CAGR of 3.8% during the forecast period. The growing demand for freight trucks and large vehicles, along with significant levels of automobile inventory are driving the SLI battery market growth in the region. According to the OICA, in 2019, more than 23 million vehicles were sold in the United States, with commercial vehicles accounting for more than 61% of all sales. In addition, favorable regulatory measures to reduce vehicle emissions have increased the demand for start-stop vehicles, as a result of the growth in the deployment of SLI batteries.

The objective of the report is to present a comprehensive analysis of the global SLI Battery Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the SLI Battery Market dynamic, structure by analyzing the market segments and projecting the SLI Battery Market size. Clear representation of competitive analysis of key players by Sales Channel, price, financial position, product portfolio, growth strategies, and regional presence in the SLI Battery Market make the report investor’s guide.
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SLI Battery Market


Report Coverage
Details


Base Year:
2020
Forecast Period:
2021-2027


Historical Data:
2016 to 2020
Market Size in 2020:
US $ 7.83 Mn.


Forecast Period 2021 to 2027 CAGR:
4.93%
Market Size in 2027:
US $ 10.97 Mn.


 Segments Covered:
by Type
• Flooded
• Enhanced Flooded Battery (EFB)
• Valve-Regulated Lead-Acid (VRLA)


by Sales Channel
• OEM
• Aftermarket


by Application
• Automotive
• UPS
• Telecom
• Others



Global SLI Battery Market, by Region
• North America
• Europe
• Asia Pacific
• Latin America
• The Middle East and Africa
Global SLI Battery Market Key Players
• Johnson Controls, Inc.
• East Penn Manufacturing Co. Inc.
• Exide Technologies
• Enersys
• Leoch International Technology Limited
• Crown Battery Manufacturing Company
• Trojan Battery Company
• Acumuladores Moura S/A
• GS Yuasa Corporation
• Power Sonic Corporation
• NorthStar Battery Company LLC
• Interstate Batteries Type International
• Braille Battery, Inc.
• U.S. Battery Manufacturing Co.
• Discover Battery
• Enerbrax-Acumuladores Ltda
• Dyno Battery
• XS Power Battery
• ACDelco
• Sears Holdings Corporation
Frequently Asked Questions:
1] What segments are covered in the SLI Battery Market report?
Ans. The segments covered in the SLI Battery Market report are based on Type, Sales Channel, and Application.

2] Which region is expected to hold the highest share in the SLI Battery Market?
Ans. The Asia Pacific region is expected to hold the highest share in the SLI Battery Market.

3] What is the market size of the SLI Battery Market by 2027?
Ans. The market size of the SLI Battery Market by 2027 is US$ 34027 Mn.

4] What is the forecast period for the SLI Battery Market?
Ans. The forecast period for the SLI Battery Market is 2020-2027.

5] What was the market size of the SLI Battery Market in 2020?
Ans. The market size of the SLI Battery Market in 2020 was US$ 31950 Mn.