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SLI Battery Market Trends

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

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SLI Battery Market Trends

The SLI (Starting, Lighting, and Ignition) battery industry is currently undergoing notable transformations primarily driven by advancements in technology and increasing demands for efficient energy storage solutions across various sectors. Traditional lead-acid batteries, long dominant in the SLI segment, are facing competition from newer technologies like absorbent glass mat (AGM) and enhanced flooded batteries (EFB). These alternatives offer advantages such as improved performance in extreme temperatures, enhanced cycling capability, and reduced maintenance requirements. Moreover, there is a growing emphasis on eco-friendly solutions, with manufacturers exploring sustainable materials and production methods. This shift is influencing market dynamics, encouraging innovation, and fostering a competitive landscape focused on delivering reliable, cost-effective, and environmentally conscious SLI battery solutions.

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.