America SLI Battery Market
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Americas SLI Battery Market size was valued at USD 11.9 billion in 2023 and is projected to expand at a CAGR of 2% between 2024 and 2032. The market's growth is driven by increasing automotive production and sales, particularly in the United States and Canada, where there is a rising demand for reliable SLI batteries in passenger vehicles, commercial trucks, and other automotive applications.
Additionally, advancements in battery technology, such as enhanced durability and performance capabilities, are further propelling market growth as consumers and industries prioritize efficient energy storage solutions. In October 2021, Enersys launched the Odyssey Pro Batteries, part of their expanded Odyssey battery series. These batteries feature advanced carbon additives that provide a 10% higher reserve capacity, meeting growing power demands in commercial fleet electronics. This innovation enhances customer satisfaction across automotive, recreational vehicle, and marine sectors.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| America SLI Battery Market size in 2023: | USD 11.9 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2023 - 2032 CAGR: | 2 |
| 2023 Value Projection: | USD 14.6 Billion |
| Historical Data for: | 2021 to 2023 |
| No of Pages: | 80 |
| Tables, Charts & Figures: | 10 |
| Segments Covered: | Technology |
| Growth Drivers: |
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| Pitfalls Challenges: |
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The America SLI (Starting, Lighting, and Ignition) battery industry has been experiencing notable trends driven by advancements in automotive technology and increasing vehicle electrification. Key trends include a growing demand for enhanced battery performance to meet stricter emissions regulations and the rising adoption of start-stop systems in vehicles for improved fuel efficiency.
Additionally, there is a shift towards AGM (Absorbent Glass Mat) and EFB (Enhanced Flooded Battery) technologies, which offer better cycling capabilities and durability compared to traditional flooded batteries. These trends are shaping a competitive landscape where manufacturers are focusing on innovation to cater to both conventional internal combustion engine vehicles and hybrid electric vehicles, driving further growth and development in the SLI battery sector across America.
The North and South American market for SLI (Starting, Lighting, and Ignition) batteries is projected to surpass USD 14 billion by 2032, buoyed by several pivotal factors. In North America, stringent emissions regulations and a growing demand for fuel-efficient vehicles are driving the demand for advanced SLI battery technologies.
South America is witnessing a surge in automotive production, particularly in countries like Brazil and Argentina, where increasing vehicle sales are boosting the adoption of SLI batteries. Furthermore, advancements in battery technology and the rising popularity of electric vehicles across the Americas are expected to further propel market growth over the next decade.
The America SLI battery market is undergoing substantial growth, primarily propelled by flooded batteries, projected to achieve a CAGR exceeding 1% through 2032. This growth is fueled by their cost-effectiveness and reliability in traditional automotive applications. However, other battery technologies such as AGM (Absorbent Glass Mat) and lithium-ion are increasingly gaining traction due to their superior performance in newer vehicle models and applications requiring higher efficiency and reduced maintenance.
AGM batteries, for instance, offer advantages in start-stop systems, while lithium-ion batteries are favored for their lightweight design and longer lifespan, particularly in hybrid and electric vehicles. This diversification reflects a broader trend towards more efficient and sustainable energy storage solutions across the automotive sector.
The United States SLI batteries market is expected to exceed USD 10 billion by 2032. This expansion can be attributed to several factors, including increasing demand from the automotive sector driven by the rising production of electric vehicles (EVs) and hybrid vehicles. For instance, in 2023, light vehicle production in North America increased by 9.5% compared to the previous year, resulting in nearly 1.4 million additional vehicles manufactured compared to 2022.
Additionally, advancements in battery technology, such as improved energy density and longer lifespan, have bolstered consumer confidence and adoption. Moreover, government initiatives promoting clean energy and automotive electrification have further fueled market growth, creating a favorable environment for the expansion of SLI battery applications across various industries.
Clarios holds a significant share in the Americas' SLI battery industry, leveraging its strong position to influence the industry. With a robust product portfolio and strategic market presence, Clarios plays a pivotal role in meeting the increasing demand for automotive batteries across North and South America. The company's extensive distribution network and focus on innovation reinforce its leadership, ensuring it remains a key player in powering vehicles and supporting sustainable transportation solutions throughout the region.
Some of the key market players operating across the America SLI battery industry are:
Market, By Technology
The above information has been provided for the following countries:
U.S. market will exceed USD 10 billion by 2032, owing to the country's stringent emission standards, robust automotive production and significant vehicle fleet size.
Accumulators Moura SA, Continental Battery Systems, Crown Battery, Dyno Battery Inc., East Penn Manufacturing Company, Enersys, Exide Technologies, FIAMM Energy Technology S.p.A., GS Yuasa International Ltd., Hankook & Company Co., Ltd., and Interstate Batteries, among others.
Americas SLI battery industry from the flooded batteries segment will witness 1% CAGR through 2032, driven by its cost-effectiveness and widespread application in conventional vehicles.
The market size for SLI battery in Americas reached USD 11.9 billion in 2023 and will witness 2% CAGR between 2024 and 2032, attributed to increasing automotive production and sales, coupled with rising demand for fuel-efficient vehicles.