SLI Battery Market Analysis

End-User (Automotive, Oil & Gas, Utilities, Construction, Marine)

The automotive segment is slated to account for 38% share of the global SLI battery market by 2035, impelled by the rising demand for automobiles. In 2021, the world manufactured 79.1 million motor vehicles. In 2020, China, Japan, and Germany were the top three makers of automobiles and commercial vehicles. SLI battery is an important part of a vehicle’s electrical system, as it provides the necessary power to start the engines and operate the electrical systems. SLI batteries are not used in electric vehicles, as these batteries are relatively heavy and would add unwanted weight to an EV, thus impacting its performance and range.

Application (Portable, Stationary)

The portable segment in the SLI battery market is set to account for a significant share of around 46% by 2035, driven by the rising use of mobile phones and other small electrical devices. Portable SLI battery are used to kick-start the electrical devices. Moreover, they are also used as a source of power backup during emergencies. In India, there are nearly 25 million houses in the rural region that are living with the power.

Our in-depth analysis of the global market includes the following segments:

Type	Flood Battery VRLA Battery EBF Battery
Sales Channel	OEM Aftermarket
Application	Portable Stationary
End User	Automotive Oil & Gas Utilities Construction Marine

Frequently Asked Questions (FAQ)

Increasing demand for automobiles, higher use of aircraft, and growing construction are the major factors driving the market growth.

The market size of SLI batteries is anticipated to attain a CAGR of ~3% over the forecast period, i.e., 2023-2035.

High cost of the raw material, and the rising popularity of electric vehicles are estimated to be the growth hindering factors for the market expansion.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are Leoch International Technology Ltd., Yokohama Group of Companies, Enersys, Camel Energy Inc., GS Yuasa Corporation, Hoppecke Batterien GmbH & Co. KG., Crown Battery, C&D Technologies, Inc., Gridtential Energy, Inc., and Stryten Energy LLC

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by type, sales channel, application, and by region.

The automotive segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

SLI Battery Market Analysis