Global America SLI Battery Market - Detailed Analysis of Current Industry Figures with Forecasts Growth By 2026
Global Market Insights has added a new report on America SLI Battery Market Size that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape of market in tandem with its competitive terrain.
Browse key industry insights spread across 245 pages with 192 market data tables & 62 figures & charts from the report, “America SLI Battery Market By Technology (Flooded, EFB, VRLA{AGM, GEL}), Industry Analysis Report, Country Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026”in detail along with the table of contents: https://www.gminsights.com/industry-analysis/america-sli-battery-market
Escalating demand for high performance vehicles across the U.S. is poised to drive America SLI battery market outlook. SLI (starting, light and ignition) is a kind of lead-acid rechargeable battery, primarily used in automobiles. The battery is designed to power the car's ignition, lights and motor, making it one of the most critical components of a modern vehicle.
Rapidly expanding automobile sector across the globe will complement the business landscape. Increasing consumer spending power in developing countries is resulting in considerable sales of vehicles. Moreover, growing demand for high-performance automobile will fuel the deployment of SLI batteries in new vehicles.
Easy availability and low maintenance cost of SLI batteries as compared to other available alternatives are the key factors driving product demand. America SLI battery market size is estimated to surpass the USD 16 billion mark by 2025.
Establishment of various automobile manufacturing units along with burgeoning aftermarket demand from developing economies is likely to favor industry expansion. Moreover, there is rise in investments toward development of novel innovative technologies to power advanced start-stop systems in vehicles.
EFB SLI batteries provide enhanced charging with high number of charging cycles. Advantageous product offerings are leading to growing popularity and heavy adoption of the product. In 2020, EFB SLI battery market accounted for more than USD 300 million in revenues. In a bid to cater to urban driving profile, manufacturers are increasingly focusing on developing and rolling out high performance automobile with significant power supply.
VRLA SLI batteries are experiencing robust demand on account of long service life and high cranking power delivery. In 2020, VRLA SLI battery market generated revenue of more than USD 4 billion. The surge in production of heavy vehicles and automobiles to meet high industrial and commercial demand is likely to boost product demand over the coming years.
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