Global SLI Battery Market Overview:
An SLI battery is a lead-acid and rechargeable type of battery that is mainly used in automobiles and other internal combustion engines. SLI means starting, lighting, and ignition, these processes are all-consuming energy that is supplied by the vehicle’s battery. Adoption of new automobile technologies including start-stop systems & regenerative breaking has created a positive business scenario for Enhanced Flooded Batteries (EFB) and Valve Regulated Lead Acid (VRLA) batteries. Shifting trends toward personal mobility and e-hailing will further complement the industry growth in the forecast period. Increasing economic stability & growth across the developing economies coupled with a positive outlook toward the automobile industry has led to significant growth of the global SLI Battery market in the coming years. According to AMA, the Global SLI Battery market is expected to see growth rate of 3.46% and may see market size of USD32.0 Billion by 2026.
- Rising Population of Vehicles Outside the Warranty Period has created a Persistent Demand for SLI Batteries
- Increasing Purchasing Power of Consumers Across Developing Economies
- The Rising Legislative Support for Battery Recycling
- Stringent Government Regulations
- Growing Applications in a Vehicles
- Technological Advancements in Automotive SLI Battery
- Increasing Penetration of Alternative Lithium-ion Batteries
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Johnson Controls, Inc. (Ireland), East Penn Manufacturing Co., Inc. (United States), Exide Technologies (United States), Enersys (United States), Leoch International Technology Limited (China), Crown Battery Manufacturing Company (United States), Trojan Battery Company (United States), Acumuladores Moura S/A (Brazil), GS Yuasa Corporation (Japan), Power Sonic Corporation (United States), NorthStar Battery Company LLC (United States) and Braille Battery, Inc. (United States). Additionally, following companies can also be profiled that are part of our coverage like U.S. Battery Manufacturing Co. (United States), Discover Battery (Canada), Enerbrax-Acumuladores Ltda (Brazil), Continental Battery Manufacturing Company (United States), Dyno Battery (United States) and ACDelco (United States). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global SLI Battery market by 2026. Considering Market by Sales Channel, the sub-segment i.e. OEMs will boost the SLI Battery market.
On 7th August 2019, Clarios has launched onto the battery industry with a pledge to invest in its lead-acid and lithium products. The company is focusing on AGM and 12V lead-acid batteries for electric vehicles.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global SLI Battery market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in SLI Battery market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes SLI Battery Manufacturers, Automotive Manufacturers, Raw Materials Suppliers, Government and Research Organisations, Industry Associations, End Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.