SLI Battery Market Analysis

  • Report ID: 4903
  • Published Date: Oct 14, 2024
  • Report Format: PDF, PPT

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 2037, 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 2037, 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

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Browse Key Market Insights with Data Illustration:


Author Credits:  Dhruv Bhatia


  • Report ID: 4903
  • Published Date: Oct 14, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of SLI battery is estimated at USD 37.78 billion.

The SLI battery market size was over USD 36.72 billion in 2024 and is projected to cross USD 57.84 billion by the end of 2037, witnessing more than 3.7% CAGR during the forecast period i.e., between 2025-2037. Increasing demand for automobiles, higher use of aircraft, and growing construction will boost the market growth.

North America industry is predicted to be the largest with a share of about 35% by 2037, driven by increasing use of solar panels at both residential and commercial levels.

The major players in the market include Stryten Energy LLC, 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, Gridtential Energy, Inc.
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