America SLI Battery Market Study for 2020 to 2026 providing information on Key Players, Growth Drivers and Industry challenges
Global Market Insights, Inc., has announced the launch of America SLI Battery Market, a comprehensive study enumerating the latest price trends and pivotal drivers rendering a positive impact on the industry landscape. Further, the report is inclusive of the competitive terrain of this vertical in addition to the market share analysis and the contribution of the prominent contenders toward the overall industry.
Growing consumer spending power as well as stability throughout developing countries along with growth throughout the automobile sector would drive America SLI Battery market. Moreover, low maintenance rate and easy availability in comparison to others allows LAB to be one of the preferred chemistries for SLI applications, fostering growth of this industry facet.
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
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.
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.
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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