1 / 6

SLI Battery Market Top Trends, Future Analysis & Forecast 2022- 2030

SLI Battery Market Top Trends, Future Analysis & Forecast 2022-<br>2030

saif20
Download Presentation

SLI Battery Market Top Trends, Future Analysis & Forecast 2022- 2030

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. SLI Battery Market is expected to be USD 45.5 Billion by 2030

  2. Industry Overview • Lead acid and other battery types play an integral role in automobile operations. The SLI battery, a lead-acid battery designed to power starting, lighting, and ignition systems in vehicles, is gaining massive popularity worldwide. • The escalating sale of hybrid electric vehicles (HEVs) is one of the key reasons behind the strong demand for SLI lead acid batteries. Based on data from the U.S. Department of Energy, the sale of HEVs rose by 76% between 2020 and 2021 in the region. Since this battery is mainly found in HEVs to improve fuel efficiency, burgeoning vehicle consumption is expected to assert a positive influence on the global SLI battery market development. • In addition, SLI batteries are considered the industry standard for industrial equipment and mobile electronics. They are optimized for varied high-performance applications such as forklifts. With the steady recovery of industrial sectors including construction from the COVID-19 crisis, SLI battery installation in industrial equipment will increase over the years ahead. • Battery production for energy storage applications is picking up pace globally. Despite an increase in investment in the R&D and production of lithium chemistry, established battery firms have been emphasizing innovations in lead-acid battery materials to address the burgeoning demand.

  3. Continue… • Favorable attributes such as these are making the battery a viable option for solar energy storage applications, which is gaining momentum in the automobile industry. To cite an instance, in April 2022, Lightyear entered a partnership to provide 5,000 solar electric vehicles to a car-sharing platform, MyWheels. Furthermore, with the shift from fossil fuel-powered internal combustion engine vehicles toward cleaner and greener mobility, the demand for SLI car batteries for solar panel systems will likely accelerate. • Since vehicle power demand continues to evolve, the installation of batteries with desirable properties is becoming crucial. To that end, battery makers have been taking varied approaches to address the changing market. Additionally, third-party testing has also been initiated to deliver enhanced battery performance. • For example, in June 2022, a third-party battery testing lab conducted an in-depth analysis of Stryten Energy’s EFB battery and a premium flooded battery. As per the test results, Stryten EFB batteries excelled on the 17.5% depth of discharge partial state, yielding more than 2 times the life cycle of the competing battery. Additionally, the results showed that the EFB has a stronger alloy that can yield higher heat tolerance at a lower thickness. This development of high-performance EFB batteries will address the changing power needs of modern vehicles, strengthening the SLI battery market landscape.

  4. Browse Full Market Research Report Of SLI Battery Market@ https://www.gminsights.com/industry-analysis/sli-battery-market Inquiry Before Buying@ https://www.gminsights.com/inquiry-before-buying/3389 Request for a Sample of this Research report @ https://www.gminsights.com/request-sample/detail/3389

  5. SLI Battery Market

  6. Stay In Touch Website: www.gminsights.com Social Media:

More Related