America SLI Battery Market Analysis

America SLI Battery Market Analysis

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.
 

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.