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Asia Pacific SLI Battery Market Trends

Report ID: GMI6579
Published Date: Aug 2023
Report Format: PDF

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Asia Pacific SLI Battery Market Trends

In the Asia Pacific region, the SLI (Starting, Lighting, Ignition) battery market is witnessing several noteworthy trends. As countries strive for sustainable transportation solutions, electric vehicles (EVs) are gaining traction, influencing SLI battery design to cater to auxiliary systems in these vehicles. Additionally, the rise of start-stop technology in conventional vehicles is driving demand for enhanced flooded batteries (EFB) and absorbed glass mat (AGM) batteries, optimized for frequent cycling and increased accessory loads. The push towards cleaner energy sources is also encouraging innovation in SLI battery technology, with research focused on improving energy density, efficiency, and lifespan.

The growing e-commerce sector is impacting aftermarket distribution channels, with increased online sales of automotive parts including SLI batteries. Government initiatives promoting energy-efficient vehicles and green transportation further shape the market landscape. Furthermore, amid the ongoing digital transformation, data-driven maintenance solutions are emerging, enabling better battery management and predictive maintenance strategies and driving the Asia Pacific SLI battery market growth.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of SLI battery in APAC was reached USD 12.2 billion in 2023 and is anticipated to surpass USD 15.1 billion by 2032, owing to the increasing sales of automobiles, including passenger cars, and commercial vehicles, surging the need for SLI batteries used in these vehicles' starting and ignition systems.

The flooded batteries segment accounted for more than 69% share of the SLI battery market in 2022 and is expected to generate over USD 9.7 billion by 2032, owing to their versatility across vehicle types, from small scooters to large trucks, contributing to their widespread adoption.

The China SLI battery market is likely to witness more than 2.2% CAGR from 2023 to 2032, attributed to the sheer volume of vehicles which is driving a robust demand for replacement SLI batteries.

Furukawa Battery Co, Ltd., Hankook AtlasBx Co. Ltd., Discover Battery, East Penn Manufacturing Co., ACDelco, Clarios, Crown Battery, FIAMM Energy Technology S.p.A, Leoch International Technology Limited, Exide Industries Ltd., GS Yuasa Corporation, Banner Batteries, YigitAKU, Enersys, Mutlu Battery, Amara Raja Batteries Ltd are some of the prominent companies engaged in the market.