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SLI Battery Market Size
- Report ID: GMI3389
- Published Date: Oct 2022
- Report Format: PDF
SLI Battery Market Size
SLI Battery Market was valued at USD 37.8 billion in 2023 and is projected to expand at over 2.4% CAGR from 2024 to 2032, driven by the rising advancements in battery technology.
The industry growth is significantly supported by the exponential development of the automotive sector due to the increasing demand for passenger and commercial vehicles resulting from the expanding global population and rising disposable incomes. For instance, as per the International Organization of Motor Vehicle Manufacturers, North America recorded a 7% rise in the manufacturing of light commercial vehicles between 2020 and 2021. Additionally, prominent automakers are introducing newer models and cutting-edge technology to attract a larger consumer base, further driving OEM sales of SLI batteries.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| SLI Battery Market Size in 2023: | USD 37.8 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 2.4% |
| 2032 Value Projection: | USD 47.3 Billion |
| Historical Data for: | 2019 to 2023 |
| No. of Pages: | 480 |
| Tables, Charts & Figures: | 1,029 |
| Segments covered: | Technology, Sales Channel |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
SLI Battery Market Scope
