Selbyville, Delaware, May 01, 2019 (GLOBE NEWSWIRE) --
Mexico SLI battery market in 2018, was valued at over USD 500 million. Low wages and automotive assembly compensation are some of the key underlying factors which will boost the industry growth. In addition, aggressive development incentives has created a positive business environment for automobile manufacturers which in turn boost the industry growth. Robust battery recycling ecosystem along with strong distribution channels will further increase product penetration over the forecast timeframe.
The America SLI Battery Market is set to achieve USD 16 billion by 2025, as reported in the latest study by Global Market Insights, Inc. Increasing economic stability and growth across developing economies coupled with prominent expansion across the automotive industries will stimulate America SLI battery market growth. Lead-Acid Batteries (LAB), on account of their easier availability and competitive price index are the preferred chemistry. In addition, growing investments toward expansion of automobile manufacturing facilities will boost the demand for LABs.
EFB SLI battery market is set to witness growth of over 5% by 2025. Large number of charging cycles along with improved charge acceptance are some of the eminent features that favor the deployment of these batteries over the conventional flooded lead-acid batteries. The growing demand for automobile power supply to cater the needs of high-performance driving profiles will increase product adoption.
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The U.S. SLI battery market is anticipated to expand over 1% by 2025. Growing demand for heavy automobiles and trucks coupled with prominent light vehicle inventory levels will help to achieve a sustainable demand for lead-acid batteries. Increasing investments toward automotive manufacturing along with renewed focus on R&D on account of adopting cleaner technologies will stimulate business growth. In addition, robust battery recycling ecosystem will further augment industry outlook.
Browse key industry insights spread across 240 pages with 193 market data tables & 58 figures & charts from the report, “America SLI Battery Market By Technology (Flooded, EFB, VRLA {AGM, GEL}), Industry Analysis Report, Country Outlook (U.S., Canada, Panama, Brazil, Argentina, Mexico, Chile, Colombia, Ecuador, Paraguay, Peru, Uruguay, Dominican Republic, El Salvador) Application Potential, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/america-sli-battery-market
Favorable government policies coupled with highly competitive business environment will augment the automobile industry outlook. Increasing focus on research and development aimed toward adoption of technologies to power new start-stop and hybrid systems will further drive the America SLI battery market growth.
Key America SLI battery market participants include Exide Technologies, Johnson Controls, East Penn, Crown Battery, Enersys, Leoch International, Crown Battery, Trojan Battery Company, Power Sonic Corporation, Acumuladores Moura, NorthStar Battery, Discover Battery, ACDelco, Grupo Gonher, XS Power Battery, Continental Battery, GS Yuasa, U.S. Battery and others.
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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.