The new report by Expert Market Research titled, ‘Global SLI Battery Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026’, gives an in-depth analysis of the global SLI battery market, assessing the market based on its segments type, sales channel, end use, and major regions like Asia Pacific, Europe, North America, Middle East and Africa and Latin America. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.
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The key highlights of the report include:
Market Overview (2021-2026)
• Historical Market Size (2020): USD 31.8 Billion
• Forecast CAGR (2021-2026): 3%
• Forecast Market Size (2026): USD 38 Billion
The growth of global SLI battery market is primarily driven by the demand from automobile industry. SLI batteries have been improved with the introduction of emerging developments such as start-stop and regenerative breaking processes. The rise in number of vehicles due to increasing disposable incomes pushes the growth. Additionally, the low cost and easy availability of lead is an aiding factor the growth of SLI battery market. However, the pollution caused by lead could be a restraint in the growth.
Industry Definition and Major Segments
The SLI battery (starting, lighting, and ignition) is a type of lead-acid combination, rechargeable battery. It is commonly known as a high-power-consuming battery with a life of 3-6 years. It is primarily used in automobile sector.
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The industry can be segmented on the basis of type:
• Flooded
• Enhanced Flooded Battery (EFB)
• Valve-Regulated Lead-Acid (VRLA)
The SLI battery market can be divided on the basis of sales channels:
• OEM
• Aftermarket
It may be segmented on the basis of end-use:
• Automotive
• UPS
• Telecom
• Others
The regional markets for SLI battery include:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Market Trends
Regionally, Asia Pacific is the largest shareholder in the global SLI battery market. This can be attributed to robust economic growth & developing infrastructure, along with the expansion & development of automotive manufacturing facilities. Additionally, factors such as skilled labor, low-cost steel manufacturing and extensive research & development (R&D) are expected to push the growth region’s automotive sector, which in turn propels the SLI battery market. Meanwhile, North America and Europe are expected to show a steady growth in the forecast period.
Key Market Players
The major players in the market are Johnson Controls, Inc., East Penn Manufacturing Co., Inc., Leoch International Technology Limited Inc., GS Yuasa Corporation, Crown Battery Manufacturing Company, Exide Technologies, and a few others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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