Press release
America SLI Battery Market Segment, Trends and Forecast to 2026 | XS Power Battery, Superior Battery Manufacturing Company, Discover Battery
America SLI Battery Market
Global Market Insights, Inc. forecasts the America SLI Battery Market to grow from 14 billion in 2019 to 16 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 06% during the forecast period.
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Below is a brief overview of key trends that are stimulating the market growth:
Rising demand for EFB SLI battery
In 2018, the EFB SLI battery market was valued at more than $300 million. High number of charging cycles and improved charge acceptance are among the prominent features that are likely to increase the adoption of these products.
The rising demand for automotive power supply having high-performance capabilities that can cater to the urban driving profiles would further enhancing the product penetration.
Changing U.S. automotive and energy landscape
The SLI battery market of the U.S. will witness tremendous growth owing to the growing demand for automobiles and heavy trucks. Additionally, the country is also witnessing rising investments toward automobile manufacturing, which would foster industry growth further.
Moreover, high battery recycling prices and increasing inclination toward cleaner technologies will also fuel the market growth through the forecast timeframe.
Growing manufacturing sector in Mexico
The SLI Battery market in Mexico is expected to grow by more than 3% by the end of the analysis period. Low workforce pays and aggressive development incentives introduced by the government to boost regional manufacturing will drive the market growth.
Additionally, robust reverse distribution channels along with a strong battery recycling infrastructure is likely to enhance product penetration over the coming years.
Increasing adoption of VRLA SLI battery
In 2018, the VRLA SLI battery technology segment was valued at over $4 billion. Some of the noteworthy features that will drive product demand over the forecast time period are long service life and high cranking power delivery. The rise in production of heavy vehicles as well as automobiles will further boost the market growth.
Additionally, because of their unique features and benefits being the best solution for several applications, these are favored in comparison to other conventional flooded batteries. These batteries are also used in standby and emergency backup applications, deep cycle, and deep discharge applications as well.
Notable industry players operating in the include Interstate Batteries, Acumuladores Moura, U.S. Battery, Braille Battery, Grupo Gonher, NorthStar Battery, East Penn, Power Sonic, Continental Battery, Dyno Battery, ACDelco, Trojan Battery Company, GS Yuasa, Leoch International, Discover Battery, XS Power battery, Johnson Controls, Enersys, Power Sonic, Crown Battery, and Exide Technologies among others.
All in all, with new innovations in energy storage technologies and growth of the region’s automobile sector, the America SLI battery market will witness tremendous growth opportunities over the coming years.
TOC:
Chapter 4 America SLI Battery Market, By Technology
4.1 America SLI battery market share by technology, 2019 & 2026
4.2 Flooded
4.2.1 America market from flooded, 2015 – 2026
4.2.2 America market from flooded by country, 2015 – 2026
4.3 EFB
4.3.1 America market from EFB, 2015 – 2026
4.3.2 America market from EFB by country, 2015 – 2026
4.4 VRLA
4.4.1 America market from VRLA, 2015 – 2026
4.4.2 America market from VRLA by country, 2015 – 2026
4.4.3 AGM
4.4.3.1 America market from VRLA by AGM, 2015 – 2026
4.4.3.2 America market from VRLA by AGM by country, 2015 – 2026
4.4.4 GEL
4.4.4.1 America market from VRLA by GEL, 2015 – 2026
4.4.4.2 America market from VRLA by GEL, by country, 2015 – 2026
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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