United States SLI Battery market is estimated to be worth US$6058 million by the end of 2023
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Published Date: 2018/11/6
A SLI (starting-lighting-ignition) battery is a lead-acid and rechargeable type of battery that is mainly used in motor vehicles. SLI means starting, lighting, and ignition; these processes are all consuming energy that is supplied by the vehicle's battery.
The United States SLI Battery market was worth at US$5504 million in 2017 and is estimated to be worth US$6058 by the end of 2023. During the forecast years of 2017 and 2023, the United States market is anticipated to register a CAGR of 1.61%.
Superior performance and longevity of SLI Battery and the increasing automobile sales in markets of the United States are chiefly driving the market growth. The U.S government is also granting huge grants to various companies for expanding their production capabilities to develop advanced automotive SLI Battery.
The market concentration of United States SLI Battery industry is very high, a few giant local players dominate this market totally, among them, Johnson Controls is the biggest player, holding almost 59% share of United States market in 2017, followed by East Penn and Exide Industries with market share of 16% and 13% respectively. There are also some Japanese player selling SLI batteries in this market like GS Yuasa and Hitachi Chemical.
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