Press release
Automotive SLI Battery Market size is expected to reach at USD 34,026.51 Million by 2028: Cognitive Market Research
Automotive SLI Battery Market size is expected to reach at USD 34,026.51 Million by 2028: Cognitive Market Research
Starting lighting and Ignition or SLI battery is commonly used in the automotive or automobile applications. The process of starting, lighting and ignition is energy consuming, that is supplied by battery of vehicle. The SLI battery is lead-acid battery made up of container, copper terminal, safety valve, vent plugs, positive, negative plates sulfuric acid, water. This battery has advanced technology such as power grid and Absorbent glass mat that avoids spilling of acid.
There are various benefits of this SLI battery such as it is durable, safe, reliable, provides extended life of battery, quick recharge and self-discharging capacity, high cranking power. The battery offers resistance to corrosion and vibration, provides high discharging power, batteries provide quick charging facility and high current to vehicles, it has easy installation, low-cost operation, high cranking power.
The SLI batteries are used in automotive application, in commercial vehicles, truck, cars, buses in order to increase and to optimize their operation or efficiency, the use of technology in batteries helps to extend their shelf life, provides current and increase their cycle efficiency, ensures quick start and recharging in the vehicles.
REPORT SUMMERY
• The Global Automotive SLI Battery Market is expected to reach USD 34,026.51 Million by the end of 2028, growing at a CAGR of 6.84% between 2023 and 2030.
• The Flooded Batteries Revenue (USD Million) is estimated to reach at USD 14,801.06 Million in 2028
• The Original Equipment Manufacturers (OEMs) Revenue (USD Million) in Automotive SLI Battery is anticipated to reach USD 19,882.19 Million in 2028.
• The Passenger Cars Revenue (USD Million) in Automotive SLI Battery is projected to reach USD 15,397.84 Million in 2028
"To know more Automotive SLI Battery Market statistics click here:
https://www.cognitivemarketresearch.com/Automotive-SLI-Battery-market-report
Market Drivers:
• Rapid growth in automotive industry
The automotive industry includes a wide scope of organizations and associations engaged with the structure, improvement, assembling, showcasing, and selling of engine vehicles. It is one of the world's biggest financial segments by income. Regardless of issues with overcapacity and low benefit, the automotive industry holds solid influence and significance. The automotive industry is a significant modern and monetary power around the world. It makes approximately 60 million vehicles and trucks a year.
The development of the automotive industry caused an economic revolution over the United States. Glass fiber and plastic were two settled enterprises that got a genuine lift by the interest for automobiles. The world's driving producer of vehicles is China, as the nation's 2018 creation brought about the consummation of 25 million engine vehicles, or about 28% all things considered and trucks delivered.
Consumer requests are changing the business with the digitization of innovation. The car business is offering answers for greener vehicles, public transportation, driving help and self-sufficient driving, savvy framework, and numerous imaginative approaches to fulfill the requests of clients. The vehicle and car parts producing segment specifically is popular for new representatives. Indeed, producing drives the remainder of the car business as far as hours worked and compensation.
• Growing development in emerging economies
Restraints for Automotive SLI Battery Market
• Handling and safety issues regarding SLI Battery
• Rapid changes in technologies
Opportunities for Automotive SLI Battery Market
• Wide applications of SLI batteries in automobile:
Cognitive Market Research Company's Research Methodology - https://www.cognitivemarketresearch.com/research-methodology
Market Segmentation:
Type
• Flooded Batteries
Flooded battery is also referred as the wet cell battery. It is available in the widest variety of shapes and sizes due to their widespread usage in a multitude of industries and applications. These batteries are widely used as a car battery It is of two type:
Primary (non-rechargeable): In this type electricity producing chemical reaction cannot be reversed, and hence once it exhausted it can never be charged again.
Secondary (rechargeable): In this type chemical reaction can be reversed and thus battery can be charged "n" number of times. VRLA Batteries
• Enhanced Flooded Batteries
An enhanced flooded battery is used for cars that support start-stop technology. These batteries contain the with a mixture of acid and water.
• VRLA Batteries
Distribution
• Original Equipment Manufacturers (OEMs)
OEM or Original equipment manufacturer is a company that manufactures and sells products or its part that their buyer sells to its own customers entering its products in branding. Lead based batteries such lead acid AGM batteries are more durable, safe, these batteries developed to supply OEM in light duty vehicle applications. Flooded automotive lead acid batteries used in automotive applications to meet demands of OEM customers.
• Aftermarket
Aftermarket is a market for spare part, accessories, components for motor vehicles. The lead acid or SLI batteries are used to supply the aftermarket customer segment.
End-user
• Passenger Cars
• LCVs/HCVs
• Two Wheelers
• Three Wheelers
Get free sample pages of latest published Automotive SLI Battery Market Report:
https://www.cognitivemarketresearch.com/automotive-sli-battery-market-report/report_enquiry?id=4
Competitive Analysis for Automotive SLI Battery Market:
Johnson Controls, GS Yuasa, Exide Technologies, Camel Group, Exide Industries, Sebang, Hitachi Chemical, Amara Raja, Atlas BX, Fengfan, East Penn, Ruiyu Battery, Chuanxi Storage, Banner Batteries, Nipress, Leoch, Yacht, Haijiu, Pinaco, Furukawa Battery, LCB, Tong Yong
• Exide Technologies
Exide Technologies has recently form and is headquarter at Gennevilliers, Paris. The company provides the advanced energy storage solutions for the automotive and the industrial markets. The company is involved in manufacturing of the next-generation battery technologies which can be used across a wide range of application such as automotive, off-road, material handling, stationary, rail and defense.
RECENT NEWS
October 2020
• Exide EMEA And Asia-Pacific Now A Standalone Company
Exide Technologies' former EMEA and Asia-Pacific business now operates as a standalone company under new owners after the closing of the deal with Exide Technologies Holdings which is based in U.S.A. The entire business is transfer to the group of long-term shareholders, olders, under the US-based Energy Technologies Holdings LLC. The company had receive multi-million-dollar funding from the new investors.
Read the Full Report and access the Table of Contents/Book an appointment with https://www.cognitivemarketresearch.com/Automotive-SLI-Battery-market-report
Reports:
• Light Vehicle SLI Battery Market: https://www.cognitivemarketresearch.com/light-vehicle-sli-battery-market-report
• SLI Battery Market: https://www.cognitivemarketresearch.com/sli-battery-market-report
• Sport Bike SLI Battery Market: https://www.cognitivemarketresearch.com/sport-bike-sli-battery-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
USA: +1 312-376-8303
Europe and UK: (+44) 20-8144-9523
Asia Pacific: (+852) 81930785
Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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