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SLI Battery Market Size

Report ID: GMI3389
Published Date: Jun 2024
Report Format: PDF

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SLI Battery Market Size

SLI Battery Market was valued at USD 37.8 billion in 2023 and is expected to grow at a CAGR of 2.3% from 2024 to 2032. The continual demand from the automotive industry, particularly in conventional internal combustion engine vehicles, plays a significant role in driving market growth. Additionally, the increasing adoption of SLI batteries in applications such as marine and recreational vehicles contribute to the market's positive trajectory.

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Furthermore, advancements in battery technology aimed at improving performance and longevity are key growth drivers. For instance, Enersys introduced the Odyssey Pro Batteries in October 2021, expanding their Odyssey battery series with a 10% higher reserve capacity due to advanced carbon additives, catering to increased power demands in commercial fleet electronics and enhancing customer satisfaction in automotive, recreational vehicle, and marine sectors.

SLI Battery Market Report Attributes
Report Attribute	Details
Base Year:	2023
SLI Battery Market Size in 2023:	USD 37.8 Billion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	2.3%
2032 Value Projection:	USD 47.2 Billion
Historical Data for:	2021 - 2023
No. of Pages:	110
Tables, Charts & Figures:	20
Segments covered:	Technology, Sales Channel
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 of SLI battery was valued at USD 37.8 billion in 2023 and is expected to grow at 2.3% CAGR through 2032, driven by the ongoing advancements across battery technologies.

The flooded SLI battery industry is anticipated to exceed USD 32 billion by 2032, driven by the growing automotive sector worldwide.

Asia-Pacific SLI battery market size is projected to surpass USD 15 billion by 2032, attributed to rapid industrialization and urbanization.

ACDelco, Acumuladores Moura SA, Amara Raja Batteries Ltd., Banner Batteries, Clarios, Continental Battery Systems, Crown Battery, Discover Battery, East Penn Manufacturing Company Enersys, Erdil Battery, Exide Industries Ltd., and FIAMM Energy Technology S.p.A among others.