Global SLI Battery Market is valued at approximately USD 34 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 3% over the forecast period 2023-2030. 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 vehicle. 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.
According to Statista in 2023, the global autonomous vehicle market was valued at approximately USD 106 billion in 2021, it is estimated to reach up to USD 2.3 trillion by 2030. The increasing adoption of electric vehicles significantly influences the SLI Battery Market, as these vehicles require advanced batteries for their power needs, impacting the demand for SLI batteries used in traditional internal combustion engine vehicles. According to Statista 2023, the global electric vehicle market is projected to experience substantial growth between 2021 and 2027, with a market size expected to increase approximately USD 1.4 trillion by 2027 at a significant growth rate of more than 19.19%. In addition, advancements in battery technology and growing number of marine transports would create a lucrative growth opportunity. However, increasing penetration of alternative battery solutions and stringent government regulations stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global SLI Battery Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. 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.
Major market player included in this report are:
- 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
Recent Developments in the Market:
- In July 2022, Exide Industries, India's largest automotive battery manufacturer, plans to develop a lithium-ion battery cell manufacturing facility in Bengaluru. The business stated in a letter to the exchange that its subsidiary had completed a sales deal to establish an 80-acre factory. The company has signed a lease-purchase agreement for an 80-acre land at Hitech, Defence & Aerospace Park.
Global SLI Battery Market Report Scope:
- Historical Data: 2020 - 2021
- Base Year for Estimation: 2022
- Forecast period: 2023-2030
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Type, Sales channel, Application, End-User, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
- Flooded Battery
- VRLA Battery
- EBF Battery
By Sales Channel:
By Application:
By End-User:
- Automotive
- Oil & Gas
- Utilities
- Construction
- Marine
By Region:
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. SLI Battery Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. SLI Battery Market, by Type, 2020-2030 (USD Billion)
- 1.2.3. SLI Battery Market, by Sales Channel, 2020-2030 (USD Billion)
- 1.2.4. SLI Battery Market, by Application, 2020-2030 (USD Billion)
- 1.2.5. SLI Battery Market, by End-User, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global SLI Battery Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global SLI Battery Market Dynamics
- 3.1. SLI Battery Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Growing adoption of electric vehicles
- 3.1.1.2. Rising number of autonomous vehicles
- 3.1.2. Market Challenges
- 3.1.2.1. Increasing penetration of alternative battery solutions
- 3.1.2.2. Stringent government regulations
- 3.1.3. Market Opportunities
- 3.1.3.1. Advancements in battery technology
- 3.1.3.2. Growing number of marine transports
Chapter 4. Global SLI Battery Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global SLI Battery Market, by Type
- 5.1. Market Snapshot
- 5.2. Global SLI Battery Market by Type, Performance - Potential Analysis
- 5.3. Global SLI Battery Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
- 5.4. SLI Battery Market, Sub Segment Analysis
- 5.4.1. Flooded Battery
- 5.4.2. VRLA Battery
- 5.4.3. EBF Battery
Chapter 6. Global SLI Battery Market, by Sales Channel
- 6.1. Market Snapshot
- 6.2. Global SLI Battery Market by Sales Channel, Performance - Potential Analysis
- 6.3. Global SLI Battery Market Estimates & Forecasts by Sales Channel 2020-2030 (USD Billion)
- 6.4. SLI Battery Market, Sub Segment Analysis
- 6.4.1. OEM
- 6.4.2. Aftermarket
Chapter 7. Global SLI Battery Market, by Application
- 7.1. Market Snapshot
- 7.2. Global SLI Battery Market by Application, Performance - Potential Analysis
- 7.3. Global SLI Battery Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
- 7.4. SLI Battery Market, Sub Segment Analysis
- 7.4.1. Portable
- 7.4.2. Stationary
Chapter 8. Global SLI Battery Market, by End-User
- 8.1. Market Snapshot
- 8.2. Global SLI Battery Market by End-User, Performance - Potential Analysis
- 8.3. Global SLI Battery Market Estimates & Forecasts by End-User 2020-2030 (USD Billion)
- 8.4. SLI Battery Market, Sub Segment Analysis
- 8.4.1. Automotive
- 8.4.2. Oil & Gas
- 8.4.3. Utilities
- 8.4.4. Construction
- 8.4.5. Marine
Chapter 9. Global SLI Battery Market, Regional Analysis
- 9.1. Top Leading Countries
- 9.2. Top Emerging Countries
- 9.3. SLI Battery Market, Regional Market Snapshot
- 9.4. North America SLI Battery Market
- 9.4.1. U.S. SLI Battery Market
- 9.4.1.1. Type breakdown estimates & forecasts, 2020-2030
- 9.4.1.2. Sales Channel breakdown estimates & forecasts, 2020-2030
- 9.4.1.3. Application breakdown estimates & forecasts, 2020-2030
- 9.4.1.4. End-User breakdown estimates & forecasts, 2020-2030
- 9.4.2. Canada SLI Battery Market
- 9.5. Europe SLI Battery Market Snapshot
- 9.5.1. U.K. SLI Battery Market
- 9.5.2. Germany SLI Battery Market
- 9.5.3. France SLI Battery Market
- 9.5.4. Spain SLI Battery Market
- 9.5.5. Italy SLI Battery Market
- 9.5.6. Rest of Europe SLI Battery Market
- 9.6. Asia-Pacific SLI Battery Market Snapshot
- 9.6.1. China SLI Battery Market
- 9.6.2. India SLI Battery Market
- 9.6.3. Japan SLI Battery Market
- 9.6.4. Australia SLI Battery Market
- 9.6.5. South Korea SLI Battery Market
- 9.6.6. Rest of Asia Pacific SLI Battery Market
- 9.7. Latin America SLI Battery Market Snapshot
- 9.7.1. Brazil SLI Battery Market
- 9.7.2. Mexico SLI Battery Market
- 9.8. Middle East & Africa SLI Battery Market
- 9.8.1. Saudi Arabia SLI Battery Market
- 9.8.2. South Africa SLI Battery Market
- 9.8.3. Rest of Middle East & Africa SLI Battery Market
Chapter 10. Competitive Intelligence
- 10.1. Key Company SWOT Analysis
- 10.1.1. Company 1
- 10.1.2. Company 2
- 10.1.3. Company 3
- 10.2. Top Market Strategies
- 10.3. Company Profiles
- 10.3.1. Johnson Controls International plc
- 10.3.1.1. Key Information
- 10.3.1.2. Overview
- 10.3.1.3. Financial (Subject to Data Availability)
- 10.3.1.4. Product Summary
- 10.3.1.5. Recent Developments
- 10.3.2. GS Yuasa International Ltd
- 10.3.3. Exide Group
- 10.3.4. EnergySys Limited
- 10.3.5. Fujian Quanzhou Dahua Battery Co. Ltd.
- 10.3.6. Hitachi Chemical Energy Technology Co. Ltd.
- 10.3.7. Hankook Atlasbx Co., Ltd
- 10.3.8. AC Delco Corporation
- 10.3.9. First National Battery Corporation
- 10.3.10. Amara Raja Batteries Ltd
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- 11.3. Research Assumption