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America SLI Battery Market to exceed $16 billion by 2026

  • Published Date: October 5, 2020

America SLI Battery Market is expected to surpass USD 16 Billion by 2026, as reported in the latest study by Global Market Insights Inc.

America SLI battery market is set to witness significant growth on account of rising on road vehicles and growing penetration of start stop technology. Increasing purchasing power of customers along with refurbishment of automobile manufacturing facilities in order to enhance plant output will proliferate the market demand of SLI batteries. In addition, production of high quality vehicles has prolonged the functional age of automobiles which will further strengthen the cyclical demand of SLI battery over the forecast timeframe.

The global economy has been severely affected by an unanticipated outbreak of coronavirus, also called COVID-19. The virus was first found in China’s Hubei province in December 2019 and since then it has emerged as a major threat to global economies.

This pandemic has deeply impacted numerous industries including automotive, engineering, manufacturing, and logistics & supply chain. The outbreak has led to delay in wide range of projects including manufacturing of lead acid batteries and automobiles which is substantially impacting the America SLI battery market growth.

Longer service life along with high cranking performance will boost the deployment of VRLA batteries across the industry

VRLA is set to witness substantial growth on account of its high power density and ease of operation. In addition, growing market demand for heavy and light commercial vehicles owing to increasing freight traffic will boost the business growth of VRLA batteries. Low self discharging rate, safe handling capabilities and robust construction are the key features that will boost the penetration of Absorbed Glass Mat (AGM) batteries. These batteries are non-spillable, non-flammable and have longer shelf life, which in turn will further stimulate America SLI battery market growth.

Browse key industry insights spread across 245 pages with 192 market data tables & 62 figures & charts from the report, “America SLI Battery Market By Technology (Flooded, EFB, VRLA{AGM, GEL}), Industry Analysis Report, Country Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026”in detail along with the table of contents:

Upsurge in the domestic automotive market statistics will propel the deployment of SLI batteries across Brazil.

Brazil SLI battery market is projected to expand over 5% through 2026. Strong battery recycling ecosystem and robust automobile aftermarket across the country will stimulate the adoption of SLI battery units. The continuous investment in technology & vehicle innovation coupled with favorable tax policy, such as Inovar-Auto industrial program, will boost the demand for lead-acid batteries for SLI applications. However, the consumers in Brazil spend more money on maintenance of cars, thereby increasing aftermarket sales of SLI batteries.

Market players working across America SLI battery industry comprise of NorthStar Battery Company LLC, Crown Battery Manufacturing Company, Exide Technologies, East Pen Manufacturing Co., Inc., Power Sonic Corporation, Leoch International Technology Limited, Enersys, GS Yuasa Corporation, Clarios, Braille Battery, Inc., Interstate Batteries System International, U.S. Battery Manufacturing Co and Dyno Battery amongst others.

Strategic alliances & partnerships along with technological innovations are the key strategies followed by market players to gain a competitive edge over others in the America SLI battery industry.

Authors: Ankit Gupta, Nikhil Paranjape

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