With the emergence and long-term Impact of COVID-19, Global SLI Battery Market to reach USD 43.1 Billion by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global SLI Battery Market points towards a potential rise to USD 43.1 Billion by 2030. The SLI Battery refers to Starting, Lighting, and Ignition batteries, which are commonly used in vehicles for starting the engine, powering lights, and providing ignition. These batteries are specifically designed to deliver high bursts of energy and are widely used in automotive and marine applications.
The SLI Battery Market is expanding because of factors such as the growing adoption of electric vehicles and rising number of autonomous vehicles. Moreover, the rise of autonomous vehicles has a significant impact on the SLI Battery Market, as these vehicles require robust and reliable batteries to power their complex electrical systems, including starting the engine, supporting onboard electronics, and ensuring uninterrupted operation.
Geographically, the global SLI Battery market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market during the forecast period owing to the, increasing adoption of electric vehicles, and increasing adoption of process automation in manufacturing industry within the region. Asia Pacific region fastest growing region during the forecast period owing to the factors such as a rise in urbanization and industrialization, along with the growth of the automotive industry in the region.
The global SLI Battery market is highly competitive owing to the presence of several key players such as Johnson Controls International plc GS Yuasa International Ltd Exide Group EnergySys Limited Fujian Quanzhou Dahua Battery Co. Ltd. Hitachi Chemical Energy Technology Co. Ltd. Hankook Atlasbx Co.,Ltd AC Delco Corporation First National Battery Corporation Amara Raja Batteries Ltd, and others.
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Key findings of the study suggest:
- Global SLI Battery Market is anticipated to grow with a healthy growth rate of more than 3% over the forecast period 2023-2030.
- In the Type segment, Flooded Battery emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to the increasing adoption of electric vehicles, and increasing adoption of process automation in manufacturing industry within the region.
- Asia Pacific is expected to grow at higher rate followed by Europe during 2023-2030.
Bizwit Research & Consulting has considered following segments for the study:
By Type:
- Flooded Battery
- VRLA Battery
- EBF Battery
By Sales Channel:
- OEM
- Aftermarket
By Application:
- Portable
- Stationary
By End-User:
- Automotive
- Oil & Gas
- Utilities
- Construction
- Marine
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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