What’s Driving the SLI Battery Market Growth? | Trojan Battery, EnerSys

Global SLI Battery Market size will surpass USD 47 billion by 2025. Ongoing technological innovations coupled with changing consumer preferences toward personal mobility will drive SLI battery market growth.

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The growing demand for additional electronics and equipment in automobiles will positively influence the demand for high capacity VRLA batteries. Furthermore, expertise in waste disposal processes and techniques toward battery recycling will propel the demand for recycled SLI batteries.

Market Size - $38bn in 2018,
Market Growth CAGR of 3.1% Market
Trends – Growing adoption of VRLA batteries on account of increasing penetration of start-stop vehicles

Enhanced Flooded SLI battery market will expand over 5% by 2025. Optimized charge acceptance coupled with large charging cycles are some of the significant features that favor the adoption of these batteries over traditional LAB’s. The growing demand for high performance batteries for automobiles with high power supply demand will further boost business growth.

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Russia SLI battery market will witness growth on account of increasing production of automobiles coupled with growing economic stability. Favorable government policies toward automobile manufacturing will further strengthen product adoption. For instance, on April 2018, the Russian government approved “Strategy of the development of the automotive industry in Russia up to 2025” with an aim toward improvement of technological competencies, export share and production of automotive components.

SLI battery market from aftermarket segment is set to witness growth over 2 % by 2025. Rising national fleet age along with increased spending toward automobile maintenance will positively influence the business growth. Furthermore, improvement in quality of vehicle manufacturing is set to create a cyclical demand for SLI batteries as owners are willing to invest in replacement and repair due to prolonged vehicular life.

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Mexico SLI battery market size is anticipated to exceed 10 million units by 2025. Low labor wages and high compensation toward automotive assembly projects are some of the prominent factors which will augment the industry landscape. In addition, aggressive manufacturing incentives has created a favorable business environment for industry participants across the automotive industry. Robust battery recycling processes & infrastructure coupled with strong distribution channels will further strengthen the SLI battery market size.

The Middle East & Africa SLI battery market in 2018, was valued over USD 2 billion and is set to witness strong growth over the forecast timeframe. Increasing per capita income coupled with growing number of Complete Knock-Down (CKD) plants will drive the industry growth. Recovering economic conditions along with growing construction activities will create a significant demand for buses, heavy trucks and other commercial vehicles which in turn will enhance business outlook.

Significant industry participants operating across the SLI battery market include ACDelco, Banner Batteries, Mutlu Battery, Exide, Interstate Batteries, Dyno Battery, Power Sonic Corporation, Trojan Battery, Crown Battery, FIAMM, Banner, Erdil Battery, Braille Battery, Leoch International, Johnson Controls, East Penn and Enersys amongst others.
 
Global SLI battery market research report includes in-depth coverage of the industry with estimates & forecast in terms of Units and USD from 2014 to 2025, for the following segments:
Global SLI battery market, By Technology
• Flooded
• EFB
• VRLA
o AGM
o GEL
Global SLI battery market, By Sales Channel
• OEM
• Aftermarket
The above information is provided on a country basis for the following:
• North America
o U.S.
o Canada
• Europe
o Russia
o France
o Germany
o Italy
o Netherlands
o Spain
o Sweden
o UK
o Austria
• Asia Pacific
o Australia
o China
o India
o Indonesia
o Japan
o Malaysia
o Philippines
o South Korea
o Thailand
• Middle East & Africa
o Saudi Arabia
o UAE
o Iran
o Egypt
o Turkey
o Morocco
o South Africa
o Nigeria
o Algeria
• Latin America
o Argentina
o Brazil
o Mexico
o Chile
o Colombia
o Ecuador
o Paraguay
o Peru

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