VRLA SLI Battery Market Size

VRLA SLI battery Market Size

VRLA SLI Battery Market size surpassed USD 9.1 billion in 2023 and is anticipated to expand at 3.9% CAGR from 2024 to 2032, driven by the growing advancements across SLI battery technologies.

The progressing industry is substantially supported by the significant growth of the automotive sector owing to the augmenting demand for commercial and passenger vehicles resulting from the enhancing global population along with the rising disposable incomes. In addition, major automobile manufacturers are developing new and innovative models with higher battery output requirement in order to attract a larger consumer base, thereby boosting the VRLA SLI battery market through OEM channels.
 

Over the past 150 years, lead acid batteries has been the prominent technology driving the overall SLI battery industry. However, over the recent years, growing use of lithium-ion batteries owing to its numerous advantages over lead acid batteries, have compelled the battery developers to engage in R&D activities to develop lithium ion SLI batteries, which may pose as a threat for the VRLA battery industries. However, the lithium-ion batteries are not commercially adopted for SLI technology as of now, making VRLA technologies including AGM and GEL batteries as one of the most preferred technologies in the recent years.
 

Valve Regulated Lead Acid (VRLA) are amongst the most preferred battery technology utilized for SLI applications in commercial and passenger vehicles. These batteries offer a wide range of advantages over flooded batteries, which in turn is favouring its adoption in the automotive industry. These batteries do not require periodic filling of water thus making them maintenance free and economical. Moreover, long battery life, higher capacity range, higher number of discharge cycles and spill-free operations are amongst the key features offered by VRLA batteries which in turn is enhancing its VRLA SLI battery market share in the SLI battery industry.