As per the latest study titled ‘Global SLI Battery Market By Technology {Flooded, EFB, VRLA (AGM, GEL)}, By Sales Channel (OEM, Aftermarket), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Russia, Italy, Spain, Austria, Netherlands, Sweden, China, Japan, India, South Korea, Australia, Indonesia, Malaysia, Thailand, Philippines, Saudi Arabia, UAE, Iran, Egypt, Turkey, Morocco, South Africa, Nigeria, Algeria, Brazil, Argentina, Mexico, Chile, Colombia, Paraguay, Ecuador, Peru, Uruguay) Application Potential, Competitive Market Share & Forecast, 2019 – 2025’ available with Market Study Report, the global SLI battery market is predicted to amass USD 47 billion by the year 2025.
 

Growing economic stability is boosting the automotive industry which in turn will drive the global SLI battery market growth over the coming years. With massive technological advancements and innovations, there has been a significant number of investments in automobile manufacturing that has triggered the demand for starter batteries.
 

Several automobile giants are relocating their manufacturing facilities in developing nations like Brazil, India, China, and Indonesia. This factor, along with higher demand for passenger vehicles are fostering the growth of the global SLI battery market. Growing trend of e-hailing and consumer inclination towards personal mobility will stimulate the demand for vehicle, thereby augmenting the business outlook.
 

Speaking of the technology spectrum, valve regulated lead-acid (VRLA) SLI battery units are increasingly deployed owing to their high cranking performance and long service life. It is estimated to experience a growth of more than 4% by the year 2025. Rising adoption of newer automobile technologies like start-stop systems and regenerative braking is creating growth prospects for VRLA segment.
 

On the other hand, flooded SLI battery market segment is slated to observe a growth of 5% by 2025. These batteries have augmented charge acceptance as well as offer large charging cycles. High demand for high-performance automotive batteries supplying high power will favor the segmental share.
 

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As per the report, Middle East & Africa market is estimated to accrue USD 4 billion by the year 2025, pertaining to spurt in the demand for light & heavy commercial vehicles. Escalation in the construction activities across the region, coupled with the booming economy, and rising number of CKD plants will contribute towards the expansion of SLI battery market in MEA.
 

The major players of the global SLI battery market are GS Yuasa, Dyno Battery, FIAMM, Acumuladores Moura S/A, ACDelco, Exide, Trojan Battery, Crown Battery, Enersys, Erdil Battery, East Penn, Leoch International, Braille Battery, Johnson Controls, Mutlu Battery, and Banner Batteries.