SLI Battery Market Size & Share, by Type (Flooded Battery, VRLA Battery, EBF Battery); Sales Channel (OEM, Aftermarket); Application (Portable, Stationary); End-user (Automotive, Oil & Gas, Utilities, Construction, Marine) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 4903
  • Published Date: May 02, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2035

SLI Battery Market size is expected to surpass USD 46 Billion by 2035, witnessing around 3% CAGR during the forecast period, i.e., 2023-2035. In the year 2022, the industry size of SLI battery was USD 34 Billion. The growth of the market is propelled by rising construction activities. The use of SLI batteries increases the demand for cranes and other industrial machinery. For the year 2021, demand was expected to be around 50-60 units for the 20-60 tonnes category and nearly 30-35 units for the 80-100 tons category.

Additionally, the factors that are believed to fuel the growth of the SLI battery market include the rise in demand for these batteries in the automotive sector and other industrial and commercial applications. Smart technologies, such as start-stop systems in the vehicle are increasing the demand for more advanced batteries.


SLI Battery Market
Get more information on this report: Request Free Sample PDF

SLI Battery Sector: Growth Drivers and Challenges

Growth Drivers

  • Growing Number of Automobiles – An SLI battery powers the vehicle's three most vital features: the starter motor, illumination, and ignition system. By the end of 2023, car sales are predicted to reach around 70 million.
  • Rise in the Number of Aircraft– During pre-flight, SLI batteries are used to power up the electrical system and start the Auxiliary Power Unit or the engines of the aircraft.
  • Higher Production of Lead– Increased production of lead is likely to continue the supply of raw materials for manufacturing SIL batteries. Following an 8% fall in CY 2020 owing to the pandemic, the output of lead-mined metal increased by about 6% in CY 2021 bringing the total to around 5 Mt across the globe.
  • Higher Adoption of Solar PanelsSIL batteries are a good choice for small-scale solar panel systems or backup power applications. In the Net Zero Emissions by 2050 Scenario, the number of households dependent on solar PV climbs from 25 million now to more than 100 million by 2030 around the world.

Challenges

  • Increasing adoption of electric vehicles – The automotive industry is undergoing significant technological changes, such as transitioning towards electric and hybrid models of vehicles. SLI batteries are not suitable for hybrid vehicles or EVs as they are unable to provide enough current and are required for sustained driving. Therefore, it compromises its range and performance.
  • High production of the battery is leading to quality degradation of the battery
  • The cost of raw materials is high

SLI Battery Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~3%

Base Year Market Size (2022)

~ USD 34 Billion

Forecast Year Market Size (2035)

~ USD 46 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
Get more information on this report: Request Free Sample PDF

SLI Battery Segmentation

End-User (Automotive, Oil & Gas, Utilities, Construction, Marine)

The automotive segment is slated to account for 38% share of the global SLI battery market by 2035, impelled by the rising demand for automobiles. In 2021, the world manufactured 79.1 million motor vehicles. In 2020, China, Japan, and Germany were the top three makers of automobiles and commercial vehicles. SLI battery is an important part of a vehicle’s electrical system, as it provides the necessary power to start the engines and operate the electrical systems. SLI batteries are not used in electric vehicles, as these batteries are relatively heavy and would add unwanted weight to an EV, thus impacting its performance and range.

Application (Portable, Stationary)

The portable segment in the SLI battery market is set to account for a significant share of around 46% by 2035, driven by the rising use of mobile phones and other small electrical devices. Portable SLI battery are used to kick-start the electrical devices.  Moreover, they are also used as a source of power backup during emergencies. In India, there are nearly 25 million houses in the rural region that are living with the power.

Our in-depth analysis of the global market includes the following segments:

        Type

  • Flood Battery

  • VRLA Battery

  • EBF Battery

Sales Channel

  • OEM

  • Aftermarket

        Application

  • Portable

  • Stationary

        End User

  • Automotive

  • Oil & Gas

  • Utilities

  • Construction

  • Marine


Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.

Customize this Report

SLI Battery Industry - Regional Synopsis

North American Market Forecast

The SLI battery market in North America is predicted to be the largest with a share of about 35% by 2035. The growth of the market is driven by the increasing use of solar panels at both residential and commercial levels. According to the National Renewable Energy Laboratory, the number of US households with installed solar panels has climbed by an average of 32% per year since then. There were around 2.7 million household solar systems in the United States by the end of 2020. Residential solar provided enough power to power an average of approximately 633,000 houses in 2014 and almost 1.9 million homes in 2019.

APAC Market Statistics

The Asia Pacific SLI battery market is slated to register a significant share of about 28% by 2035. The market growth is credited to the rising capacity of grid power systems. In 2021, China's off-grid renewable energy capacity increased by almost 5% to 906.23 gigawatts. The region's market growth is also being linked to an increase in the number of lead acid battery importers. Under Rule 5 of the Batteries (Management & Handling) Regulations, 2001, the Ministry of Environment, Forest & Climate Change (MoEFCC) / Central Pollution Control Board has registered 82 importers of lead-acid batteries in India.

Research Nester
SLI Battery Market Size
Get more information on this report: Request Free Sample PDF

Companies Dominating the SLI Battery Market Landscape

top-features-companies
    • Stryten Energy LLC
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Leoch International Technology Ltd.
    • Yokohama Group of Companies
    • Enersys
    • Camel Energy Inc.
    • GS Yuasa Corporation
    • Hoppecke Batterien GmbH & Co. KG.
    • Crown Battery
    • C&D Technologies
    • Gridtential Energy, Inc.

In the News

  • Stryten Energy LLC. conducted an in-depth investigation of the Stryten Energy Enhanced Flooded Battery (EFB) performance in comparison to the Stryten Energy SLI and a competitive premium flooded battery.
  • Gridtential Energy Inc. announced the collaboration with Camel Energy Inc., the largest manufacturer of SLI batteries in the Asia Pacific. The agreement's goal is to offer start/stop batteries for internal combustion engine (ICE) automobiles.

Author Credits:  Payel Roy, Dhruv Bhatia


  • Report ID: 4903
  • Published Date: May 02, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing demand for automobiles, higher use of aircraft, and growing construction are the major factors driving the market growth.

The market size of SLI batteries is anticipated to attain a CAGR of ~3% over the forecast period, i.e., 2023-2035.

High cost of the raw material, and the rising popularity of electric vehicles are estimated to be the growth hindering factors for the market expansion.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are Leoch International Technology Ltd., Yokohama Group of Companies, Enersys, Camel Energy Inc., GS Yuasa Corporation, Hoppecke Batterien GmbH & Co. KG., Crown Battery, C&D Technologies, Inc., Gridtential Energy, Inc., and Stryten Energy LLC

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by type, sales channel, application, and by region.

The automotive segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
SLI Battery Market Report Scope
logo
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying