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SLI Battery Market 2021 | Outlook, Growth Opportunities, Demand Analysis and Forecast 2025

Recent trends in the global SLI battery market are driven by the adoption of numerous strategic initiatives by prominent industry participants. Citing an instance, in January 2019, Ohio-headquartered Crown Battery Manufacturing Company secured licensing rights from Advanced Battery Concepts to the latter’s entire suite of GreenSeal Bipolar Lead battery technologies.

Similar advancements are set to drive the demand for different types of batteries, bolstering business expansion over the coming years. Considering this, the global SLI battery market size is estimated to surpass USD 47 billion by 2025, according to the latest research by Global Market Insights Inc.

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This growth is primarily attributed to the surging demand for passenger vehicles coupled with the migration of car manufacturing facilities across developing economies including Brazil, China, India, and Indonesia. A shift in the trends towards personal mobility and e-hailing is also poised to influence the demand for various types of batteries through the estimated span.

Few major trends driving SLI battery industry growth comprise:

Escalating investments in automobile manufacturing in the Asia Pacific

An increase in the investments towards automobile manufacturing will impel the demand for SLI battery charging in the Asia Pacific. The Asia Pacific SLI battery industry is anticipated to record appreciable growth through 2025, owing to the easy availability of skilled labor, lower cost of steel production, and robust R&D facilities.

The region is also witnessing a strong demand for two-wheelers coupled with an upsurge in the rates of car ownership.

Increasing adoption of valve regulated lead-acid SLI batteries

There has been a rise in the adoption of valve regulated lead-acid SLI batteries on account of multiple benefits including escalated cranking performance and longer service life. These batteries have also become popular due to the adoption of novel automobile technologies such as start-stop and regenerative braking systems.

Driven by benefits like these, the valve regulated lead-acid SLI battery industry is projected to exhibit a commendable CAGR of more than 4 per cent by 2025. The growth is ascribed to the surging demand for electronics and additional electrical equipment along with car battery replacement in the automobile sector.

Increasing construction activities in MEA region

Increasing per capita income and soaring number of Complete Knock-Down plants will fuel the demand for SLI batteries in Middle East & Africa. Moreover, the region is also experiencing an increase in construction activities. Driven by such progressions, the MEA SLI batteries market size is likely to record a valuation of more than USD 4 billion by 2025.

Rising demand for enhanced flood SLI batteries

The enhanced flood segment in the SLI battery industry is slated to register remarkable growth of over 5 per cent through 2025. This is due to the increasing requirement for high performance automotive batteries having high power supply.

Other major features of enhanced flood SLI batteries include optimized charge acceptance and large charging cycles. Prominent players in the SLI battery market comprise Exide, East Penn, Braille Battery, Johnson Controls, ACDelco, GS Yuasa, Leoch International, Banner Batteries, Mutlu Battery, and others.

On the whole, an increase in technological innovations by major industry players will boost the demand for starter batteries, escalating the growth of the SLI battery industry over the estimated span.

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About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision-making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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