America SLI Battery Market Size

America SLI battery Market Size

America SLI Battery Market size was valued at USD 11.9 billion in 2023 and is estimated to witness 2% CAGR from 2024 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.

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.