SLI Battery Market Size, Share and Global Trend By Type (Flooded Battery, VRLA Battery, EBF Battery), By End-user (Automotive, Others) and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI100813 | Status : Ongoing

KEY MARKET INSIGHTS

An important technology integrated into our society and around the world is the invention of the Battery. Among many inventions of our modern world, the battery stands out as an amazing on going development with its effect on almost every portable electric powered device. we use batteries from starting our car to using our cell phone.

With an increase in demand and usages, battery research is advancing at a rapid pace. SLI battery is one type of lead-acid storage and rechargeable battery which is mostly used in automotive and other kinds of internal combustion engines. SLI means starting, lighting and ignition, in simple it is designed to start, run and maintain power supply.

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On the basis of type, the global SLI battery market can be segmented into flooded, EBF and VRLA battery. The VRLA battery doesn’t require continuous maintenance and low cost so, it is widely used by most of the automotive industries. Also, it prevents electrolysis leakage which helps to increase the battery life. On the basis of end-user, the global SLI battery market is segmented into the automotive industry, and others.

The automotive industry is the dominating market for SLI batteries in the above segment. SLI battery is widely used for automotive battery application. SLI battery is designed not to discharge below 50% which makes them useful in automotive and long battery life.

The factor that is expected to drive the growth of the global SLI Battery market is the SLI battery is one of the important parts of the vehicle and it is widely used in the automotive industry. It is used for staring, lightning and ignition processes of the vehicle. As the disposable income and family size of people has increased resulted in huge demand for vehicles that tend to the growth of SLI battery in the automotive industry. Additionally, an SLI battery is used as a power backup during an outage.

The factor that is expected to restrain the growth of the global SLI Battery market is the battery contains sponge metallic lead and sulphuric acid these elements make battery toxic and in case of improper disposal of the battery can cause hazardous to the environment. Also, SLI battery is getting tough competition from a lithium-ion battery which provides longer lifecycle and better performance.

Key Players Covered

Some of the major companies in the global SLI Battery market are Johnson Controls International plc, GS Yuasa Corporation, Exide Technologies, EnergySys Limited, Fujian Quanzhou Dahua Battery Co. Ltd., B.B. Battery Co. Ltd., Yokohama Industries Berhad, Hitachi Chemical Energy Technology Co. Ltd., C&D Technologies Inc., ATLASBX Co. Ltd., AC Delco Corporation, First National Battery Corporation, and Amara Raja Corporation.

SEGMENTATION

SEGMENTATION	DETAILS
By Type	· Flooded Battery · VRLA Battery · EBF Battery
By End-user	· Automotive · Others
By Geography	· North America (the USA and Canada) · Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe) · Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific) · Latin America (Brazil, Mexico and Rest of Latin America) · Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)

Regional Analysis

The global SLI battery market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. China and India are the dominating markets for SLI batteries in the Asia Pacific region. Currently, every country is focusing on an electric vehicle, but due to the lack of charging infrastructure, the market will grow at a slow pace in the upcoming years. In India, the battery market is driven by the automotive sector and power storage devices like UPS & inverter. Owing to the increase in production in the automotive sector which tends to the SLI battery market to grow. In North America owing to an increase in the production of heavy trucks and vehicles which is widely used by timber industries for the transportation of timber wood. Also, advancements in battery recycling processes and infrastructure along with robust distribution channels anticipated strengthening in the SLI battery market. In Latin America, growth in automotive production and increasing use of SLI batteries in industrial sectors like telecommunication, railway and other industrial application for uninterrupted power supply. In Europe, Germany holds the largest market share in SLI batteries owing to one of the largest vehicle producer countries. Also, SLI battery is widely used in data centers for power supply. In the Middle East & Africa, growth in construction activities has been increased that created demand for vehicles like bus, trucks and commercial cars, etc. Also, the increase in per capita income of the people along with growth in the Complete Knock-Down plant is expected to SLI battery to grow.

Key Industry Developments

In Apr 2019, Indian Oil Corporation focused in tie-up with the battery manufacturing company, to research a new energy storage technology and improvising older lead-acid battery. The new technology will help to increase the lead-acid battery life by 30% and cuts charging time by 40%. This new technology will help SLI battery market to grow.
In Apr 2019, Portugal’s EDP has signed a deal with Exide for installation of 1000 organic photovoltaic solar panels for two units in Castanheira do Ribatejo and Azambuja. Exide would have to provide lead-acid battery for the energy storage for solar plants.
In Aug 2018, Exide Industries Ltd. is focusing to reduce its dependency on lead in its battery by adopting advanced technology bipolar lead-acid batteries. This new technology helps to reduce the price of the lead-acid battery that will give huge cost advantages to the customer. This new technology will help SLI battery market to grow.

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PUBLISHING STATUS: Ongoing
BASE YEAR: 2023
HISTORICAL DATA: 2019-2022

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