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Report Outlook
| Market Size | CAGR | Domination Region |
|---|---|---|
| USD 43.7 USD billion by 2029 | 3% | Asia Pacific |
| By Type | By Sales Channels | By End User | By Region |
|---|---|---|---|
|
|
|
|
SCOPE OF THE REPORT
The SLI battery market is expected to grow at 3 % CAGR from 2023 to 2029. It is expected to reach above USD 43.7 USD billion by 2029 from USD 31.59 billion in 2022.
SLI Battery Market Overview
SLI refers to starting, lighting and ignition. They start, run and maintain a power source to their particular application. The battery is of lead-acid storage type and it is a rechargeable battery which is mostly used in automotive and other kinds of internal combustion engines.
A lead-acid battery is made up of the container, copper terminal, safety valve and vent plug on the external while positive and negative plates, sulfuric acid and water on the internal. The external parts of these batteries from different manufacturers are always standard even if they look different physically. The plates are made up of lead and lead dioxide. When these plates are immersed into the sulfuric acid and water solution, a chemical reaction occurs thus producing the DC voltage of 12 V or 6 V. These powers up vehicle’s SLI system.
| ATTRIBUTE | DETAILS |
| Study period | 2022 – 2029 |
| Base year | 2022 |
| Estimated year | 2023 |
| Forecasted year | 2023-2029 |
| Historical period | 2018-2021 |
| Unit | Value (USD Million), (THOUSAND UNITS) |
| Segmentation | by type, by sales channels, by End user, by region |
| By Type |
|
| By Sales channels |
|
| By End user |
|
| By Region |
|
There are two types of lead-acid battery that you can buy in the market. One is the flooded-cell type and other is sealed type (also known as Valve Regulated Lead Acid). The SLI system is always installed with the vehicle’s charging system. There is a continuous cycle of charge a discharge in the battery whenever the vehicle is in use. The battery is connected to an alternator that outputs alternating current (AC). This alternating current is converted to direct current (DC) through a series of diodes called rectifiers. The DC voltage is regulated to a level safe enough to charge the battery. That is the role of the voltage regulator. It is recommended that you regularly check the battery charge level using the ammeter and warning lights on your vehicle’s dashboard.
An important specification of an SLI battery is the nominal capacity. This refers to the Amp-hours available when the battery is discharged from 100 % state of charge to the cut -off voltage.
Over the last few years, the demand for automobiles has increased significantly across the globe. The reasons for the demand are rise in total household income and changing buying patterns of consumers. As SLI batteries are used in automobiles the demand for vehicles is driving the market growth of SLI battery market. Enhanced flooded batteries (EFB) and Valve Regulated Lead Acid batteries are benefitting from the adoption of new car technology such as start-stop systems and regenerative braking. Personal mobility and e-hailing are expected to propel the market growth during forecast period.
The stationery and transportation energy storage markets are expected to expand in the forecast period. Growing adoption of on-board energy storage and mobility has become the largest single demand for energy storage . This convergence of electrified mobility has resulted in increase in energy storage research and commercial deployments across the globe. Thus, the growing demand for the product for storage purposes is expected to drive the SLI battery market growth.
The demand for lithium-ion batteries is increasing in the automobile industry. They tend to have higher energy density, voltage capacity, low maintenance and lower self-discharge rate than other rechargeable batteries. Thus , this is hampering the growth of SLI market.
Renewables are expected to have the fastest growth in the electricity sector. 30 % of the power demand in 2023 is to be fulfilled by such resources. The need for energy storage would also increase significantly because of the growing generation. This will lead to many opportunities for the SLI battery market as these batteries are used in generation grid and also at the substations where the power generated is fed into the main grid.
Covid -19 pandemic significantly impacted the SLI battery market. Due to lockdowns, the supply chains as well as the availability of manpower was disrupted. This led to decrease in production and low demand from end-users. Post pandemic the demand for electric vehicles is increasing which in turn will augment the demand for SLI batteries in the future.
SLI Battery Market Segment Analysis
The SLI battery market is segmented based on type, sales channels, end user and region, global trends and forecast.
Based on the type, SLI battery market is segmented into flooded, EFB (Enhanced flooded battery (EFB) and Valve-Regulated Lead-Acid (VRLA). Among these, flooded SLI batteries are less costly and also available in a range of forms and sizes. They are more energy efficient and high performing thus having more demand.
By sales channels, the market is divided into two segments OEM and aftermarket. The OEM SLI battery market is expected to dominate the area. The rising investments in vehicle production in emerging nations are driving the market growth.
The market is segmented into Automotive, UPS, Telecommunications and others based on end user. Most commonly SLI batteries are used in vehicles and are continuously linked to the charging system. Thus, automotive segment holds the largest market share.
SLI Battery Market Players
The SLI battery market key players include Johnson Controls, Inc., East Penn Manufacturing Co. Inc., Exide Technologies, Enersys, Leoch International Technology Limited, Crown Battery Manufacturing Company, Trojan Battery Company, Acumuladores Moura S/A, GS Yuasa Corporation, and Power Sonic Corporation.
Industry Development:
- September 11, 2019 : East Penn announced the launch of its Fahrenheit battery technology for commercial truck applications. The company featured this analysis as well as other industry relevant information at NACV show.
- October 19 , 2022 : Enersys the global leader in stored energy solutions for industrial applications, has strengthened it Manufacturer representative agreement with Industrial Battery and charger, Inc.
Who Should Buy? Or Key stakeholders
- Fertilizer Additives Suppliers
- Raw Materials Manufacturers
- Research Organizations
- Investors
- Regulatory Authorities
- Others
SLI Battery Market Regional Analysis
The SLI battery market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).
- North America: includes the US, Canada, Mexico
- Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN and Rest of APAC
- Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
- South America: includes Brazil, Argentina and Rest of South America
- Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA
The SLI battery market was dominated by Asia Pacific region and accounted for the market share of 38% in the year 2021.
The region’s market growth is attributed to the growing vehicle manufacturing facilities in the region. Some factors affecting the growth are easy availability of trained labor, low-cost steel production along strong research and development facilities.
The North America region is expected to grow significantly at a CAGR of 3.8% during the forecast period. Rising demand for trucks and heavy vehicles, along with large inventories of automobiles, are driving the growth of his SLI battery market in the region. According to OICA, in 2019 he sold more than 23 million vehicles in the US, with commercial vehicles accounting for more than 61% of his total sales. In addition, favorable regulatory measures to reduce vehicle emissions have increased the use of SLI batteries, resulting in increased demand for start-stop vehicles.
Key Market Segments: SLI battery market
SLI Battery Market by Type, 2023-2029, (USD Billion, Thousand Units)
- Flooded
- Enhanced Flooded Batteries(EFB)
- Valve-Regulated Lead-Acid (VRLA)
SLI Battery Market by Sales Channels, 2023-2029, (USD Billion, Thousand Units)
- OEM (Original Equipment Manufacturer)
- Aftermarket
SLI Battery Market by End User, 2023-2029, (USD Billion, Thousand Units)
- Automotive
- Ups
- Telecom
- Others
SLI Battery Market by Region, 2023-2029, (USD Billion, Thousand Units)
- North America
- Asia Pacific
- Europe
- South America
- Middle East and Africa
Important Countries in All Regions Are Covered.
Key Question Answered
- What is the current size of the SLI battery market?
- What are the key factors influencing the growth of Fertilizer Additives?
- What are the major End users for Fertilizer Additives?
- Who are the major key players in the SLI battery market?
- Which region will provide more business opportunities Fertilizer Additives in future?
- Which segment holds the maximum share of the SLI battery market?
Table of Content
- Introduction
- Market Definition
- Market Segmentation
- Research Timelines
- Assumptions and Limitations
- Research Methodology
- Data Mining
- Secondary Research
- Primary Research
- Subject-Matter Experts’ Advice
- Quality Checks
- Final Review
- Data Triangulation
- Bottom-Up Approach
- Top-Down Approach
- Research Flow
- Data Sources
- Data Mining
- Executive Summary
- Market Overview
- Global SLI Battery market outlook
- Market Drivers
- Market Restraints
- Market Opportunities
- Impact of Covid-19 on SLI Battery market
- Porter’s five forces model
- Threat from new entrants
- Threat from substitutes
- Bargaining power of suppliers
- Bargaining power of customers
- Degree of competition
- Industry value chain Analysis
- Global SLI Battery market outlook
- Global SLI Battery Market by Type, (USD Billion, Thousand Units)
- Flooded
- Enhanced flooded battery (EFB)
- Valve-Regulated Lead-Acid (VRLA)
- Global SLI Battery Market by Sales channels, (USD Billion, Thousand Units)
- OEM (original equipment manufacturer)
- Aftermarket
- Global SLI Battery Market by End User, (USD Billion, Thousand Units)
- Automotive
- UPS
- Telecom,
- Others
- Global SLI Battery Market by Region, (USD Billion, Thousand Units)
- North America
- US
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Colombia
- Rest Of South America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest Of Europe
- Asia Pacific
- India
- China
- Japan
- South Korea
- Australia
- South-East Asia
- Rest Of Asia Pacific
- Middle East and Africa
- UAE
- Saudi Arabia
- South Africa
- Rest Of Middle East and Africa
- North America
- Company Profiles*Â (Business Overview, Company Snapshot, Products Offered, Recent Developments)
-
- Johnson Controls, Inc.
- East Penn Manufacturing Co. Inc.
- Exide Technologies
- Enersys
- Leoch International Technology Limited
- Crown Battery Manufacturing Company
- Trojan Battery Company
- Acumuladores Moura S/A
- GS Yuasa Corporation
- Power Sonic Corporation.
*The Company List Is Indicative
LIST OF TABLES
TABLE 1Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL SLI BATTERY MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 2Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL SLI BATTERY MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 3Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL SLI BATTERY MARKET BY SALES CHANNELS (USD BILLION), 2020-2029
TABLE 4Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL SLI BATTERY MARKET BY SALES CHANNELS (THOUSAND UNITS), 2020-2029
TABLE 5Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL SLI BATTERY MARKET BY END USER (USD BILLION), 2020-2029
TABLE 6Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL SLI BATTERY MARKET BY END USER (THOUSAND UNITS), 2020-2029
TABLE 7Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL SLI BATTERY MARKET BY REGION (USD BILLION), 2020-2029
TABLE 8Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL SLI BATTERY MARKET BY REGION (THOUSAND UNITS), 2020-2029
TABLE 9Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA SLI BATTERY MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 10Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA SLI BATTERY MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 11Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA SLI BATTERY MARKET BY SALES CHANNELS (USD BILLION), 2020-2029
TABLE 12Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA SLI BATTERY MARKET BY SALES CHANNELS (THOUSAND UNITS), 2020-2029
TABLE 13Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA SLI BATTERY MARKET BY END USER (USD BILLION), 2020-2029
TABLE 14Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA SLI BATTERY MARKET BY END USER (THOUSAND UNITS), 2020-2029
TABLE 15Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA SLI BATTERY MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 16Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA SLI BATTERY MARKET BY COUNTRY (THOUSAND UNITS), 2020-2029
TABLE 17Â Â Â Â Â Â Â Â Â Â Â Â Â US SLI BATTERY MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 18Â Â Â Â Â Â Â Â Â Â Â Â Â US SLI BATTERY MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 19Â Â Â Â Â Â Â Â Â Â Â Â Â US SLI BATTERY MARKET BY SALES CHANNELS (USD BILLION), 2020-2029
TABLE 20Â Â Â Â Â Â Â Â Â Â Â Â Â US SLI BATTERY MARKET BY SALES CHANNELS (THOUSAND UNITS), 2020-2029
TABLE 21Â Â Â Â Â Â Â Â Â Â Â Â Â US SLI BATTERY MARKET BY END USER (USD BILLION), 2020-2029
TABLE 22Â Â Â Â Â Â Â Â Â Â Â Â Â US SLI BATTERY MARKET BY END USER (THOUSAND UNITS), 2020-2029
TABLE 23Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA SLI BATTERY MARKET BY TYPE (BILLION), 2020-2029
TABLE 24Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA SLI BATTERY MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 25Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA SLI BATTERY MARKET BY SALES CHANNELS (USD BILLION), 2020-2029
TABLE 26Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA SLI BATTERY MARKET BY SALES CHANNELS (THOUSAND UNITS), 2020-2029
TABLE 27Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA SLI BATTERY MARKET BY END USER (USD BILLION), 2020-2029
TABLE 28Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA SLI BATTERY MARKET BY END USER (THOUSAND UNITS), 2020-2029
TABLE 29Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO SLI BATTERY MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 30Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO SLI BATTERY MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 31Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO SLI BATTERY MARKET BY SALES CHANNELS (USD BILLION), 2020-2029
TABLE 32Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO SLI BATTERY MARKET BY SALES CHANNELS (THOUSAND UNITS), 2020-2029
TABLE 33Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO SLI BATTERY MARKET BY END USER (USD BILLION), 2020-2029
TABLE 34Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO SLI BATTERY MARKET BY END USER (THOUSAND UNITS), 2020-2029
TABLE 35Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA SLI BATTERY MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 36Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA SLI BATTERY MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 37Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA SLI BATTERY MARKET BY SALES CHANNELS (USD BILLION), 2020-2029
TABLE 38Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA SLI BATTERY MARKET BY SALES CHANNELS (THOUSAND UNITS), 2020-2029
TABLE 39Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA SLI BATTERY MARKET BY END USER (USD BILLION), 2020-2029
TABLE 40Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA SLI BATTERY MARKET BY END USER (THOUSAND UNITS), 2020-2029
TABLE 41Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA SLI BATTERY MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 42Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA SLI BATTERY MARKET BY COUNTRY (THOUSAND UNITS), 2020-2029
TABLE 43Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL SLI BATTERY MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 44Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL SLI BATTERY MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 45Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL SLI BATTERY MARKET BY SALES CHANNELS (USD BILLION), 2020-2029
TABLE 46Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL SLI BATTERY MARKET BY SALES CHANNELS (THOUSAND UNITS), 2020-2029
TABLE 47Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL SLI BATTERY MARKET BY END USER (USD BILLION), 2020-2029
TABLE 48Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL SLI BATTERY MARKET BY END USER (THOUSAND UNITS), 2020-2029
TABLE 49Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA SLI BATTERY MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 50Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA SLI BATTERY MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 51Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA SLI BATTERY MARKET BY SALES CHANNELS (USD BILLION), 2020-2029
TABLE 52Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA SLI BATTERY MARKET BY SALES CHANNELS (THOUSAND UNITS), 2020-2029
TABLE 53Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA SLI BATTERY MARKET BY END USER (USD BILLION), 2020-2029
TABLE 54Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA SLI BATTERY MARKET BY END USER (THOUSAND UNITS), 2020-2029
TABLE 55Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA SLI BATTERY MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 56Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA SLI BATTERY MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 57Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA SLI BATTERY MARKET BY SALES CHANNELS (USD BILLION), 2020-2029
TABLE 58Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA SLI BATTERY MARKET BY SALES CHANNELS (THOUSAND UNITS), 2020-2029
TABLE 59Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA SLI BATTERY MARKET BY END USER (USD BILLION), 2020-2029
TABLE 60Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA SLI BATTERY MARKET BY END USER (THOUSAND UNITS), 2020-2029
TABLE 61Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA SLI BATTERY MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 62Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA SLI BATTERY MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 63Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA SLI BATTERY MARKET BY SALES CHANNELS (USD BILLION), 2020-2029
TABLE 64Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA SLI BATTERY MARKET BY SALES CHANNELS (THOUSAND UNITS), 2020-2029
TABLE 65Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA SLI BATTERY MARKET BY END USER (USD BILLION), 2020-2029
TABLE 66Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA SLI BATTERY MARKET BY END USER (THOUSAND UNITS), 2020-2029
TABLE 67Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC SLI BATTERY MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 68Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC SLI BATTERY MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 69Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC SLI BATTERY MARKET BY SALES CHANNELS (USD BILLION), 2020-2029
TABLE 70Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC SLI BATTERY MARKET BY SALES CHANNELS (THOUSAND UNITS), 2020-2029
TABLE 71Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC SLI BATTERY MARKET BY END USER (USD BILLION), 2020-2029
TABLE 72Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC SLI BATTERY MARKET BY END USER (THOUSAND UNITS), 2020-2029
TABLE 73Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC SLI BATTERY MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 74Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC SLI BATTERY MARKET BY COUNTRY (THOUSAND UNITS), 2020-2029
TABLE 75Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA SLI BATTERY MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 76Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA SLI BATTERY MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 77Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA SLI BATTERY MARKET BY SALES CHANNELS (USD BILLION), 2020-2029
TABLE 78Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA SLI BATTERY MARKET BY SALES CHANNELS (THOUSAND UNITS), 2020-2029
TABLE 79Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA SLI BATTERY MARKET BY END USER (USD BILLION), 2020-2029
TABLE 80Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA SLI BATTERY MARKET BY END USER (THOUSAND UNITS), 2020-2029
TABLE 81Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA SLI BATTERY MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 82Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA SLI BATTERY MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 83Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA SLI BATTERY MARKET BY SALES CHANNELS (USD BILLION), 2020-2029
TABLE 84Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA SLI BATTERY MARKET BY SALES CHANNELS (THOUSAND UNITS), 2020-2029
TABLE 85Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA SLI BATTERY MARKET BY END USER (USD BILLION), 2020-2029
TABLE 86Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA SLI BATTERY MARKET BY END USER (THOUSAND UNITS), 2020-2029
TABLE 87Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN SLI BATTERY MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 88Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN SLI BATTERY MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 89Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN SLI BATTERY MARKET BY SALES CHANNELS (USD BILLION), 2020-2029
TABLE 90Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN SLI BATTERY MARKET BY SALES CHANNELS (THOUSAND UNITS), 2020-2029
TABLE 91Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN SLI BATTERY MARKET BY END USER (USD BILLION), 2020-2029
TABLE 92Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN SLI BATTERY MARKET BY END USER (THOUSAND UNITS), 2020-2029
TABLE 93Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA SLI BATTERY MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 94Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA SLI BATTERY MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 95Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA SLI BATTERY MARKET BY SALES CHANNELS (USD BILLION), 2020-2029
TABLE 96Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA SLI BATTERY MARKET BY SALES CHANNELS (THOUSAND UNITS), 2020-2029
TABLE 97Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA SLI BATTERY MARKET BY END USER (USD BILLION), 2020-2029
TABLE 98Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA SLI BATTERY MARKET BY END USER (THOUSAND UNITS), 2020-2029
TABLE 99Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA SLI BATTERY MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 100Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA SLI BATTERYBY TYPE (THOUSAND UNITS), 2020-2029
TABLE 101Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA SLI BATTERY MARKET BY SALES CHANNELS (USD BILLION), 2020-2029
TABLE 102Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA SLI BATTERY MARKET BY SALES CHANNELS (THOUSAND UNITS), 2020-2029
TABLE 103Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA SLI BATTERY MARKET BY END USER (USD BILLION), 2020-2029
TABLE 104Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA SLI BATTERY MARKET BY END USER (THOUSAND UNITS), 2020-2029
TABLE 105Â Â Â Â Â Â Â Â Â Â Â SOUTH EAST ASIA SLI BATTERY MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 106Â Â Â Â Â Â Â Â Â Â Â SOUTH EAST ASIA SLI BATTERYBY TYPE (THOUSAND UNITS), 2020-2029
TABLE 107Â Â Â Â Â Â Â Â Â Â Â SOUTH EAST ASIA SLI BATTERY MARKET BY SALES CHANNELS (USD BILLION), 2020-2029
TABLE 108Â Â Â Â Â Â Â Â Â Â Â SOUTH EAST ASIA SLI BATTERY MARKET BY SALES CHANNELS (THOUSAND UNITS), 2020-2029
TABLE 109Â Â Â Â Â Â Â Â Â Â Â SOUTH EAST ASIA SLI BATTERY MARKET BY END USER (USD BILLION), 2020-2029
TABLE 110Â Â Â Â Â Â Â Â Â Â Â SOUTH EAST ASIA SLI BATTERY MARKET BY END USER (THOUSAND UNITS), 2020-2029
TABLE 111Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC SLI BATTERY MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 112Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC SLI BATTERYBY TYPE (THOUSAND UNITS), 2020-2029
TABLE 113Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC SLI BATTERY MARKET BY SALES CHANNELS (USD BILLION), 2020-2029
TABLE 114Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC SLI BATTERY MARKET BY SALES CHANNELS (THOUSAND UNITS), 2020-2029
TABLE 115Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC SLI BATTERY MARKET BY END USER (USD BILLION), 2020-2029
TABLE 116Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC SLI BATTERY MARKET BY END USER (THOUSAND UNITS), 2020-2029
TABLE 117Â Â Â Â Â Â Â Â Â Â Â EUROPE SLI BATTERY MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 118Â Â Â Â Â Â Â Â Â Â Â EUROPE SLI BATTERY MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 119Â Â Â Â Â Â Â Â Â Â Â EUROPE SLI BATTERY MARKET BY SALES CHANNELS (USD BILLION), 2020-2029
TABLE 120Â Â Â Â Â Â Â Â Â Â Â EUROPE SLI BATTERY MARKET BY SALES CHANNELS (THOUSAND UNITS), 2020-2029
TABLE 121Â Â Â Â Â Â Â Â Â Â Â EUROPE SLI BATTERY MARKET BY END USER (USD BILLION), 2020-2029
TABLE 122Â Â Â Â Â Â Â Â Â Â Â EUROPE SLI BATTERY MARKET BY END USER (THOUSAND UNITS), 2020-2029
TABLE 123Â Â Â Â Â Â Â Â Â Â Â EUROPE SLI BATTERY MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 124Â Â Â Â Â Â Â Â Â Â Â EUROPE SLI BATTERY MARKET BY COUNTRY (THOUSAND UNITS), 2020-2029
TABLE 125Â Â Â Â Â Â Â Â Â Â Â GERMANY SLI BATTERY MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 126Â Â Â Â Â Â Â Â Â Â Â GERMANY SLI BATTERY MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 127Â Â Â Â Â Â Â Â Â Â Â GERMANY SLI BATTERY MARKET BY SALES CHANNELS (USD BILLION), 2020-2029
TABLE 128Â Â Â Â Â Â Â Â Â Â Â GERMANY SLI BATTERY MARKET BY SALES CHANNELS (THOUSAND UNITS), 2020-2029
TABLE 129Â Â Â Â Â Â Â Â Â Â Â GERMANY SLI BATTERY MARKET BY END USER (USD BILLION), 2020-2029
TABLE 130Â Â Â Â Â Â Â Â Â Â Â GERMANY SLI BATTERY MARKET BY END USER (THOUSAND UNITS), 2020-2029
TABLE 131Â Â Â Â Â Â Â Â Â Â Â UK SLI BATTERY MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 132Â Â Â Â Â Â Â Â Â Â Â UK SLI BATTERY MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 133Â Â Â Â Â Â Â Â Â Â Â UK SLI BATTERY MARKET BY SALES CHANNELS (USD BILLION), 2020-2029
TABLE 134Â Â Â Â Â Â Â Â Â Â Â UK SLI BATTERY MARKET BY SALES CHANNELS (THOUSAND UNITS), 2020-2029
TABLE 135Â Â Â Â Â Â Â Â Â Â Â UK SLI BATTERY MARKET BY END USER (USD BILLION), 2020-2029
TABLE 136Â Â Â Â Â Â Â Â Â Â Â UK SLI BATTERY MARKET BY END USER (THOUSAND UNITS), 2020-2029
TABLE 137Â Â Â Â Â Â Â Â Â Â Â FRANCE SLI BATTERY MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 138Â Â Â Â Â Â Â Â Â Â Â FRANCE SLI BATTERY MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 139Â Â Â Â Â Â Â Â Â Â Â FRANCE SLI BATTERY MARKET BY SALES CHANNELS (USD BILLION), 2020-2029
TABLE 140Â Â Â Â Â Â Â Â Â Â Â FRANCE SLI BATTERY MARKET BY SALES CHANNELS (THOUSAND UNITS), 2020-2029
TABLE 141Â Â Â Â Â Â Â Â Â Â Â FRANCE SLI BATTERY MARKET BY END USER (USD BILLION), 2020-2029
TABLE 142Â Â Â Â Â Â Â Â Â Â Â FRANCE SLI BATTERY MARKET BY END USER (THOUSAND UNITS), 2020-2029
TABLE 143Â Â Â Â Â Â Â Â Â Â Â ITALY SLI BATTERY MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 144Â Â Â Â Â Â Â Â Â Â Â ITALY SLI BATTERY MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 145Â Â Â Â Â Â Â Â Â Â Â ITALY SLI BATTERY MARKET BY SALES CHANNELS (USD BILLION), 2020-2029
TABLE 146Â Â Â Â Â Â Â Â Â Â Â ITALY SLI BATTERY MARKET BY SALES CHANNELS (THOUSAND UNITS), 2020-2029
TABLE 147Â Â Â Â Â Â Â Â Â Â Â ITALY SLI BATTERY MARKET BY END USER (USD BILLION), 2020-2029
TABLE 148Â Â Â Â Â Â Â Â Â Â Â ITALY SLI BATTERY MARKET BY END USER (THOUSAND UNITS), 2020-2029
TABLE 149Â Â Â Â Â Â Â Â Â Â Â SPAIN SLI BATTERY MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 150Â Â Â Â Â Â Â Â Â Â Â SPAIN SLI BATTERY MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 151Â Â Â Â Â Â Â Â Â Â Â SPAIN SLI BATTERY MARKET BY SALES CHANNELS (USD BILLION), 2020-2029
TABLE 152Â Â Â Â Â Â Â Â Â Â Â SPAIN SLI BATTERY MARKET BY SALES CHANNELS (THOUSAND UNITS), 2020-2029
TABLE 153Â Â Â Â Â Â Â Â Â Â Â SPAIN SLI BATTERY MARKET BY END USER (USD BILLION), 2020-2029
TABLE 154Â Â Â Â Â Â Â Â Â Â Â SPAIN SLI BATTERY MARKET BY END USER (THOUSAND UNITS), 2020-2029
TABLE 155Â Â Â Â Â Â Â Â Â Â Â RUSSIA SLI BATTERY MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 156Â Â Â Â Â Â Â Â Â Â Â RUSSIA SLI BATTERY MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 157Â Â Â Â Â Â Â Â Â Â Â RUSSIA SLI BATTERY MARKET BY SALES CHANNELS (USD BILLION), 2020-2029
TABLE 158Â Â Â Â Â Â Â Â Â Â Â RUSSIA SLI BATTERY MARKET BY SALES CHANNELS (THOUSAND UNITS), 2020-2029
TABLE 159Â Â Â Â Â Â Â Â Â Â Â RUSSIA SLI BATTERY MARKET BY END USER (USD BILLION), 2020-2029
TABLE 160Â Â Â Â Â Â Â Â Â Â Â RUSSIA SLI BATTERY MARKET BY END USER (THOUSAND UNITS), 2020-2029
TABLE 161Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE SLI BATTERY MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 162Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE SLI BATTERY MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 163Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE SLI BATTERY MARKET BY SALES CHANNELS (USD BILLION), 2020-2029
TABLE 164Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE SLI BATTERY MARKET BY SALES CHANNELS (THOUSAND UNITS), 2020-2029
TABLE 165Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE SLI BATTERY MARKET BY END USER (USD BILLION), 2020-2029
TABLE 166Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE SLI BATTERY MARKET BY END USER (THOUSAND UNITS), 2020-2029
TABLE 167Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA SLI BATTERY MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 168Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA SLI BATTERY MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 169Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA SLI BATTERY MARKET BY SALES CHANNELS (USD BILLION), 2020-2029
TABLE 170Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA SLI BATTERY MARKET BY SALES CHANNELS (THOUSAND UNITS), 2020-2029
TABLE 171Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA SLI BATTERY MARKET BY END USER (USD BILLION), 2020-2029
TABLE 172Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA SLI BATTERY MARKET BY END USER (THOUSAND UNITS), 2020-2029
TABLE 173Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA SLI BATTERY MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 174Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA SLI BATTERY MARKET BY COUNTRY (THOUSAND UNITS), 2020-2029
TABLE 175Â Â Â Â Â Â Â Â Â Â Â UAE SLI BATTERY MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 176Â Â Â Â Â Â Â Â Â Â Â UAE SLI BATTERY MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 177Â Â Â Â Â Â Â Â Â Â Â UAE SLI BATTERY MARKET BY SALES CHANNELS (USD BILLION), 2020-2029
TABLE 178Â Â Â Â Â Â Â Â Â Â Â UAE SLI BATTERY MARKET BY SALES CHANNELS (THOUSAND UNITS), 2020-2029
TABLE 179Â Â Â Â Â Â Â Â Â Â Â UAE SLI BATTERY MARKET BY END USER (USD BILLION), 2020-2029
TABLE 180Â Â Â Â Â Â Â Â Â Â Â UAE SLI BATTERY MARKET BY END USER (THOUSAND UNITS), 2020-2029
TABLE 181Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA SLI BATTERY MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 182Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA SLI BATTERY MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 183Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA SLI BATTERY MARKET BY SALES CHANNELS (USD BILLION), 2020-2029
TABLE 184Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA SLI BATTERY MARKET BY SALES CHANNELS (THOUSAND UNITS), 2020-2029
TABLE 185Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA SLI BATTERY MARKET BY END USER (USD BILLION), 2020-2029
TABLE 186Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA SLI BATTERY MARKET BY END USER (THOUSAND UNITS), 2020-2029
TABLE 187Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA SLI BATTERY MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 188Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA SLI BATTERY MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 189Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA SLI BATTERY MARKET BY SALES CHANNELS (USD BILLION), 2020-2029
TABLE 190Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA SLI BATTERY MARKET BY SALES CHANNELS (THOUSAND UNITS), 2020-2029
TABLE 191Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA SLI BATTERY MARKET BY END USER (USD BILLION), 2020-2029
TABLE 192Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA SLI BATTERY MARKET BY END USER (THOUSAND UNITS), 2020-2029
TABLE 193Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA SLI BATTERY MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 194Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA SLI BATTERY MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 195Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA SLI BATTERY MARKET BY SALES CHANNELS (USD BILLION), 2020-2029
TABLE 196Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA SLI BATTERY MARKET BY SALES CHANNELS (THOUSAND UNITS), 2020-2029
TABLE 197Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA SLI BATTERY MARKET BY END USER (USD BILLION), 2020-2029
TABLE 198Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA SLI BATTERY MARKET BY END USER (THOUSAND UNITS), 2020-2029
LIST OF FIGURES
FIGURE 1Â Â Â Â Â Â Â Â Â Â Â Â Â MARKET DYNAMICS
FIGURE 2Â Â Â Â Â Â Â Â Â Â Â Â Â MARKET SEGMENTATION
FIGURE 3Â Â Â Â Â Â Â Â Â Â Â Â Â REPORT TIMELINES: YEARS CONSIDERED
FIGURE 4Â Â Â Â Â Â Â Â Â Â Â Â Â DATA TRIANGULATION
FIGURE 5Â Â Â Â Â Â Â Â Â Â Â Â Â BOTTOM-UP APPROACH
FIGURE 6Â Â Â Â Â Â Â Â Â Â Â Â Â TOP-DOWN APPROACH
FIGURE 7Â Â Â Â Â Â Â Â Â Â Â Â Â RESEARCH FLOW
FIGURE 8Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL SLI BATTERY BY TYPE, USD BILLION, 2020-2029
FIGURE 9Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL SLI BATTERY BY SALES CHANNELS, USD BILLION, 2020-2029
FIGURE 10Â Â Â Â Â Â Â Â Â Â GLOBAL SLI BATTERY BY END USER, USD BILLION, 2020-2029
FIGURE 11Â Â Â Â Â Â Â Â Â Â GLOBAL SLI BATTERY BY REGION, USD BILLION, 2020-2029
FIGURE 12          PORTER’S FIVE FORCES MODEL
FIGURE 13Â Â Â Â Â Â Â Â Â Â SLI BATTERY MARKET BY REGION 2021
FIGURE 14Â Â Â Â Â Â Â Â Â Â SLI BATTERY MARKET BY SALES CHANNELS 2021
FIGURE 15Â Â Â Â Â Â Â Â Â Â SLI BATTERY MARKET BY TYPE 2021
FIGURE 16Â Â Â Â Â Â Â Â Â Â SLI BATTERY MARKET BY END USER 2021
FIGURE 17Â Â Â Â Â Â Â Â Â Â MARKET SHARE ANALYSIS
FIGURE 18Â Â Â Â Â Â Â Â Â Â JOHNSON CONTROLS, INC.: COMPANY SNAPSHOT
FIGURE 19Â Â Â Â Â Â Â Â Â Â EAST PENN MANUFACTURING CO. INC: COMPANY SNAPSHOT
FIGURE 20Â Â Â Â Â Â Â Â Â Â EXIDE TECHNOLOGIES: COMPANY SNAPSHOT
FIGURE 21Â Â Â Â Â Â Â Â Â Â ENERSYS: COMPANY SNAPSHOT
FIGURE 22Â Â Â Â Â Â Â Â Â Â LEOCH INTERNATIONAL TECHNOLOGY LIMITED: COMPANY SNAPSHOT
FIGURE 23Â Â Â Â Â Â Â Â Â Â CROWN BATTERY MANUFACTURING COMPANY: COMPANY SNAPSHOT
FIGURE 24Â Â Â Â Â Â Â Â Â Â TROJAN BATTERY COMPANY: COMPANY SNAPSHOT
FIGURE 25Â Â Â Â Â Â Â Â Â Â ACUMULADORES MOURA S/A: COMPANY SNAPSHOT
FIGURE 26Â Â Â Â Â Â Â Â Â Â GS YUASA CORPORATION: COMPANY SNAPSHOT
FIGURE 27Â Â Â Â Â Â Â Â Â Â POWER SONIC CORPORATION: COMPANY SNAPSHOT
FAQ
The SLI battery market size was 34 USD Billion in the year 2021 and expected to grow at a rate of 3 CAGR to 43.07 USD Billion in 2029.
Asia- Pacific held more than 38% of the SLI battery market revenue share in 2021 and will witness expansion in the forecast period.
Factors such as high demand for electric vehicles and the need for energy storage due to use of renewables are some of the driving forces of the market.
The market is segmented into Automotive, UPS, Telecommunications and others based on end user. Most commonly SLI batteries are used in vehicles and are continuously linked to the charging system. Thus, automotive segment holds the largest market share.
The SLI battery market was dominated by Asia Pacific region and accounted for the market share of 38% in the year 2021.
The region’s market growth is attributed to the growing vehicle manufacturing facilities in the region. Some factors affecting the growth are easy availability of trained labor, low-cost steel production along strong research and development facilities.
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