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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 2021-2026.
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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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