Global SLI Battery Market to Grow at a CAGR of 3% During 2024-2032, Aided by Improved Recycling Capabilities

New technologies like start-stop and regenerative breaking in SLI batteries have brought improvements to their overall functioning, which causes a positive feedback loop pushing the demand. As improvements in automobile cause them to be used for more years than before, the number of times that batteries have to be changed also increases. In the Asia Pacific region, the shifting or establishment of industries from other regions have led to an improvement in industrial capacity, which has caused Asia Pacific to have a large share in this market. Increasing incomes in this region have also helped push car sales, which are complementary to battery sales.

Johnson Controls (NYSE: JCI) has been a major player in the SLI battery industry. The company has expanded its production of batteries with start-stop technologies, which is expected to help consumers to save fuel. This is expected to translate into greater SLI battery sales in the forecast period 2024-2032.

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Market Analysis by Type, Sales Channels, End-Use, and Region:

• The market on the basis of type can be divided into flooded, enhanced flooded battery (EFB) and valve-regulated lead-acid (VRLA).
• Based on sales channels, the industry can be divided into OEM and aftermarket.
• The end-use for SLI batteries include automotive, UPS and telecom, amongst others.
• The regional markets for SLI batteries include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• Better technologies in this industry will help in an improved consumer experience, which will boost sales in the future.
• A burgeoning population of middle class from Asia Pacific with more disposable incomes can boost car sales, which in turn boost SLI battery sales.
• Lower cost of steel production, coupled with easy availability of skilled labour for raw materials.
• Improved supply chains can help capitalise on the lack of presence in untapped markets.

Key Offerings of the Report:

• The EMR report gives an overview of the global SLI battery industry for the periods (2018-2023) and (2024-2032).
• The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the type, sales channels, end-use and regions of global SLI battery industry.
• The market report also analyses the trade data by covering the major importing and exporting countries. 
• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global SLI battery market are Johnson Controls, Inc., East Penn Manufacturing Co., Inc., Leoch International Technology Limited Inc., GS Yuasa Corporation, Crown Battery Manufacturing Company, and Exide Technologies, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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