SLI Battery Market Size

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. In the year 2025, the industry size of SLI battery is estimated at USD 37.78 billion. The growth of the market is propelled by rising construction activities. The use of SLI batteries increases the demand for cranes and other industrial machinery. For the year 2021, demand was expected to be around 50-60 units for the 20-60 tonnes category and nearly 30-35 units for the 80-100 tons category.

Additionally, the factors that are believed to fuel the growth of the SLI battery market include the rise in demand for these batteries in the automotive sector and other industrial and commercial applications. Smart technologies, such as start-stop systems in the vehicle are increasing the demand for more advanced batteries.