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America SLI Battery Market Size - By Technology (Flooded, EFB, VRLA {AGM, GEL}) COVID-19 Impact Analysis & Forecast, 2023 – 2032

  • Report ID: GMI3260
  • Published Date: May 2023
  • Report Format: PDF

America SLI battery Market Size

America SLI Battery Market size was valued at USD 11.4 billion in 2022 and is estimated to witness 2.2% CAGR from 2023 to 2032. The increasing sales of vehicles, including passenger cars, and commercial vehicles contribute to the growing demand for SLI batteries in the America region.
 

The global market for SLI battery is expected to cross USD 45.5 billion by 2030. Increasing number of vehicles on the road propels the need for reliable and efficient SLI batteries. SLI batteries have a limited lifespan and require replacement after a certain period, which poses as a substantial driver for market from aftermarket channel. Furthermore, technological advancements in SLI battery manufacturing have led to the development of more efficient and long-lasting batteries. These advancements, including, enhanced cold-cranking performance and improved cycle life, enhances the demand for newer and advanced SLI batteries in the America region.
 

America SLI Battery Market

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In the last 150 years, lead acid batteries have been the dominant technology in the SLI battery industry. However, in recent years, the increasing utilization of lithium-ion batteries, driven by their numerous advantages over lead acid batteries, has prompted battery developers to invest in research and development (R&D) to create lithium-ion SLI batteries. This development poses a potential threat to the lead acid battery industry. However, lithium-ion batteries have not yet been widely adopted for SLI applications, leading VRLA technologies such as AGM (Absorbent Glass Mat) and GEL batteries to remain highly preferred in recent times across the American countries.
 

COVID-19 Impact

The global economy has faced severe repercussions from the onset of the COVID-19 pandemic since late 2019. Originating in China, the virus quickly spread worldwide, causing significant disruptions to the supply chains of various industries. Among the most affected sectors was the automotive industry, as the pandemic led to a substantial decline in global demand for new vehicles. Additionally, there was a notable decrease in the prices of raw materials like lead due to overstocking and limited demand.
 

However, the SLI battery segment experienced an increased demand from the transportation industry, driven by the heightened logistics requirements of utilities and hospitals. Moreover, the America SLI battery market has shown consistent growth since early 2021 as lockdown measures were gradually lifted across the globe. The introduction of vaccines by several pharmaceutical companies has further contributed to improving business conditions. Furthermore, the America SLI battery industry is expected to witness significant growth in the coming years as the demand for automobiles.
 

America SLI Battery Market Trends

America SLI Battery Market Size, By Country, 2021-2032, (USD Billion)

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SLI batteries find extensive use in diverse automobile applications, spanning passenger cars, motorcycles, as well as light and heavy commercial vehicles. The advancements in high-end automobile manufacturing have contributed to the increased longevity of vehicles, thereby bolstering the demand for SLI batteries. Moreover, the rising purchasing power of consumers, coupled with the realignment of automobile manufacturing facilities, is expected to further drive the America SLI battery market growth.
 

Valve Regulated Lead Acid (VRLA) batteries have emerged as a popular choice for SLI applications in both commercial and passenger vehicles. They offer numerous advantages over flooded batteries, which has led to their increasing adoption in the automotive industry across North and Latin America. VRLA batteries are maintenance-free and cost-effective as they eliminate the need for periodic water refilling. Additionally, they provide a longer battery life, a wider capacity range, a higher number of discharge cycles, and spill-free operation.
 

America SLI Battery Market Analysis

America SLI Battery Market Revenue Share, By Technology, 2022

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The America SLI battery market from flooded battery segment holds a major revenue share of over 77% in 2022 and is anticipated to expand at a CAGR of 1.5% till 2032. Despite the emergence of other battery technologies, flooded SLI batteries continue to undergo advancements over the years. Manufacturers are investing in research and development to improve the performance, durability, and reliability of flooded batteries. These advancements aim to enhance the battery life, cold-cranking ability, and overall efficiency of flooded SLI batteries. Additionally, these batteries are relatively affordable and available in various shapes and sizes, making them suitable for a wide range of applications and thus driving the America SLI battery market from flooded lead acid batteries.
 

Enhanced Flooded Batteries (EFBs) represent an optimized iteration of the conventional wet flooded battery technology. These batteries offer numerous advantages over standard batteries, including a higher number of charging cycles and double the performance in terms of deep and partial discharge. EFBs have gained popularity in automotive applications, particularly in vehicles equipped with simple automatic start-stop systems. This is due to their outstanding performance compared to traditional lead-acid batteries. Additionally, EFB batteries have lower emissions than conventional flooded batteries, which further enhances their adoption in the automotive industry. The technological advancements and benefits offered by EFB batteries make them increasingly sought after for various automobile applications.
 

U.S. SLI Battery Market Size, 2021-2032, (USD Billion)

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The U.S. SLI battery market size dominated around USD 8.3 billion in 2022, on account of the escalating need for automobiles, coupled with a rapidly expanding vehicle manufacturing industry. Over the years, the industry growth has been significantly bolstered by legislative support aimed at strengthening domestic manufacturing capabilities. For instance, battery associations such as the Battery Council International (BCI) have made substantial investments in the research and development of new applications and technologies for lead-acid batteries. Additionally, East Penn Manufacturing received a USD 32.5 million grant as part of the U.S. Administration's USD 2.4 billion "stimulus act" investment in domestic battery manufacturing and recycling, which enabled them to expand their lead-acid battery production capacity.
 

The U.S. has a large and vibrant automotive industry, with a high number of vehicles on the road. The continuous growth in vehicle sales and registrations fuels the demand for SLI batteries as they are an essential component for starting the engine, powering lights, and running various electrical systems in vehicles.
 

Furthermore, technological advancements and innovations in SLI batteries, such as improved battery life, higher energy density, and enhanced performance, contribute to the growth of the U.S. SLI battery market. These advancements not only meet the evolving needs of modern vehicles but also offer benefits such as longer-lasting batteries and improved reliability. Moreover, the growing aftermarket for battery replacements also drives the market size. As existing batteries in vehicles reach the end of their lifespan, consumers seek replacement batteries, creating a continuous demand for SLI batteries.
 

America SLI Battery Market Share

Notable companies operating in the America SLI battery market include;

  • Clarios
  • East Penn Manufacturing Company
  • Enersys
  • Crown Battery
  •  Accumulators Moura SA
  •  GS Yuasa International Ltd
  • Dyno Battery Inc
  • Fabrica Nacional de Acumuladores (ETNA) S.A
  •  Interstate Batteries
  •  Continental Battery Systems
  •  ACDelco, Hankook & Company Co Ltd
  •  FIAMM Energy Technology S.p.A
  •  leoch International Technology Limited Inc., and Exide Technologies.
     

The potential for significant growth in the America SLI (Starting, Lighting, and Ignition) battery industry has been recognized due to the emergence of cost-effective, compact, and highly efficient battery units. Leading companies are actively pursuing strategies of backward and forward integration by establishing partnerships with component manufacturers and raw material suppliers. This approach allows them to enhance their competitiveness and secure a strong position within the industry.
 

America SLI Battery Industry News:

  • In August 2022, East Penn announced the inauguration of a new finishing and distribution center in Temple, Texas. The new facility will allow the firm to offer swift delivery to its customer base across Texas and will further create 260 new job opportunities for skilled workers across the state. Moreover, the new distribution center will augment the availability of East Penn’s energy storage systems in Texas, which in turn will boost its market share across U.S.
     
  • In July 2022, Enersys announced the opening of a new distribution center which will operate as an expansion for Richmond, Kentucky Distribution Center. The new center is 195,000 sq. foot in area and will aid the firm in offering speedy and reliable services to its customers across Kentucky by utilizing faster order fulfilment and enhanced delivery capabilities. The new distribution center will further create more jobs across the Country, thereby boosting the social responsibilities of the company in the coming years.
     

This America SLI battery market research report includes an in-depth coverage of the industry with estimates & forecast in terms of Million Units & USD Million from 2019 to 2032, for the following segments:

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Market, By Technology

  • Flooded
  • EFB
  • VRLA
    • AGM
    • GEL

The above information has been provided for the following countries:

  • U.S.
  • Canada
  • Argentina
  • Brazil
  • Mexico
  • Chile
  • Colombia
  • Ecuador
  • Paraguay
  • Peru
  • Uruguay
  • Panama
  • Dominican Republic
  • El Salvador

 

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size for SLI battery in America was around USD 11.4 billion in 2022 and is estimated to reach over USD 14.5 billion by 2032, Says GMI report.

Flooded batteries had a major market share of over 77% in 2022 and will witness over 1.5% CAGR from 2023 to 2032, as manufacturers are investing in R&D to improve the performance, durability, and reliability of flooded batteries.

The U.S. SLI battery market size was more than USD 8.3 billion in 2022, due to the escalating need for automobiles, coupled with a rapidly expanding vehicle manufacturing industry.

Clarios, East Penn Manufacturing Company, Enersys, Crown Battery, Dyno Battery Inc., Fabrica Nacional de Acumuladores (ETNA) S.A., ACDelco, Hankook & Company Co., Ltd., leoch International Technology Limited Inc., and Exide Technologies.

America SLI Battery Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 280
  • Countries covered: 14
  • Pages: 230
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