America SLI Battery Market to Cross $ 16 Bn by 2025

February 24, 2020


According to the research report titled ‘America SLI Battery Market By Technology (Flooded, EFB, VRLA {AGM, GEL}), Industry Analysis Report, Country Outlook (U.S., Canada, Panama, Brazil, Argentina, Mexico, Chile, Colombia, Ecuador, Paraguay, Peru, Uruguay, Dominican Republic, El Salvador) Application Potential, Competitive Market Share & Forecast, 2019 – 2025’ available at MarketStudyReport.com, America SLI battery market is expected to surpass USD 16 billion by the year 2025.
 

According to the report, escalating disposable income in emerging economies along with booming automotive industry are major factors driving America SLI battery industry growth. Factors such as low maintenance cost and easy availability has enabled LAB to be the preferred chemistry for SLI applications, which in turn is further aiding the market expansion. Moreover, there has been an upsurge in relocating activities of automobile manufacturing facilities across America. This factor along with growing demand for aftermarket products in developing nations are stimulating the industry outlook. Surging investments towards development of high performance start-stop systems are augmenting the demand for SLI batteries across America.
 

In terms of technology, the report states that EFB SLI battery market segment was worth USD 300 million in the year 2018 and is expected to register substantial growth during the forecast period. Growing demand for high performance automobile power supply is contributing towards popularity of EFB SLI batteries across America.
 

On the other hand, VRLA SLI battery market segment was worth USD 4 billion in the year 2018 and is presumed to expand significantly during the estimated timeframe. The growth is attributed to high cranking power delivery and long service life of VRLA SLI batteries. Moreover, increasing production of heavy vehicles is fueling the segmental growth.
 

As per regional analysis, the report cites that U.S. SLI battery industry will witness lucrative growth in the subsequent years. Growing demand for heavy automobiles in tandem with escalating investments in automotive industry are augmenting the demand for the product in U.S. Additionally shifting preference towards using green technologies and rising recycling rates of batteries are facilitating the business scenario. However, SLI battery market in Mexico is estimated to grow by 3% through 2025, primarily due to availability of cheap labor, robust establishment of reverse distribution channels, and rising development of battery recycling facilities.
 

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The prominent companies operating in America SLI battery market are Grupo Gonher, Sears Holdings Corp., ACDelco, XS Power Battery, Dyno Battery, Superior Battery Manufacturing Co., Fabrica Nacional de Acumuladores (ENTA) S.A., Continental Battery Manufacturing Co., Enerbrax-Acumuladores Ltd., Discover Battery, U.S. Battery Manufacturing Co., Braille Battery, Inc., Interstate Batteries System International, NorthStar Battery Co. LLC, Power Sonic Corp., GS Yuasa Corp., Acumuladores Moura S/A, Trojan Battery Co., Crown Battery Manufacturing Co., Leoch International Technology Ltd., Enersys, Exide Technologies, East Penn Manufacturing Co., Inc., and Johnson Controls, Inc.


Frequently Asked Questions (FAQ) :

According to the report, escalating disposable income in emerging economies along with booming automotive industry are major factors driving America SLI battery industry growth. Factors such as low maintenance cost and easy availability has enabled LAB to be the preferred chemistry for SLI applications, which in turn is further aiding the market expansion. Moreover, there has been an upsurge in relocating activities of automobile manufacturing facilities across America. This factor along with growing demand for aftermarket products in developing nations are stimulating the industry outlook. Surging investments towards development of high performance start-stop systems are augmenting the demand for SLI batteries across America.
The report states that EFB SLI battery market segment was worth USD 300 million in the year 2018 and is expected to register substantial growth during the forecast period. Growing demand for high performance automobile power supply is contributing towards popularity of EFB SLI batteries across America.
The report cites that U.S. SLI battery industry will witness lucrative growth in the subsequent years. Growing demand for heavy automobiles in tandem with escalating investments in automotive industry are augmenting the demand for the product in U.S. Additionally shifting preference towards using green technologies and rising recycling rates of batteries are facilitating the business scenario.
The prominent companies operating in America SLI battery market are Grupo Gonher, Sears Holdings Corp., ACDelco, XS Power Battery, Dyno Battery, Superior Battery Manufacturing Co., Fabrica Nacional de Acumuladores (ENTA) S.A., Continental Battery Manufacturing Co., Enerbrax-Acumuladores Ltd., Discover Battery, U.S. Battery Manufacturing Co., Braille Battery, Inc., Interstate Batteries System International, NorthStar Battery Co. LLC, Power Sonic Corp., GS Yuasa Corp., Acumuladores Moura S/A, Trojan Battery Co., Crown Battery Manufacturing Co., Leoch International Technology Ltd., Enersys, Exide Technologies, East Penn Manufacturing Co., Inc., and Johnson Controls, Inc.