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America SLI Battery Market Size

Report ID: GMI3260
Published Date: Jul 2024
Report Format: PDF

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America SLI Battery Market Size

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.

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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.

America SLI Battery Market Report Attributes
Report Attribute	Details
Base Year:	2023
America SLI Battery Market Size in 2023:	USD 11.9 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	2%
2032 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:	Burgeoning expansion in the automotive industry Rising investment toward the research & development activities across automobile sector Ongoing advancements across battery technologies
Pitfalls & Challenges:	Increasing penetration of alternative battery chemistries Stringent government regulations

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Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

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.

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.

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.