Market Overview:
The global SLA batteries market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for backup power solutions, especially in developed countries. In addition, the growing adoption of electric vehicles is also contributing to the growth of this market. The global SLA batteries market can be segmented on the basis of type into general purpose SLA AGM batteries, deep cycle SLA AGM batteries, gel SLA batteries and UPSSLA AGM batteries. The general purposeSL AAG Mbatteries segment is expected to account forthe largest shareof theglobalSL A Batteriesmarket in2018 owingto their high demandfor backup power solutions across various applications. Security systems are another major application for which thesebatteries are used extensively .
Product Definition:
SLA batteries are sealed lead acid batteries. They are important because they can be used in a number of applications where other types of batteries cannot be used, such as in emergency lighting and security systems.
General Purpose SLA AGM Batteries:
General purpose SLA AGM batteries are specially designed for single-cell lithium-ion battery packs used in small electronic devices such as key fobs, tags, and toys. They offer high power density and stable voltage which is required for the aforementioned devices. The growth factor in the small light-duty battery market is mainly driven by growing demand from end users such as automotive sector, consumer electronics industry and wireless sensor network applications among others.
Deep Cycle SLA AGM Batteries:
Deep Cycle SLA AGM Batteries are designed for applications that require high power and extended life span. These batteries offer the highest energy density of any battery type, including sealed lead acid batteries. They also have the highest power to weight ratio making them ideal for applications where extra weight in terms of capacity is not a concern.
Application Insights:
The general purpose batteries segment held the largest market share in 2017. This is attributed to the wide application scope of sla batteries across various electronic devices such as emergency lighting, security systems, back-ups and consumer electronics. The growing demand for electric vehicles is also expected to boost product demand in near future.
The UPS battery segment is projected to expand at a CAGR of XX% from 2018 to 2030 owing to its rising requirement across various industries such as healthcare, data centers and IT offices among others. Growing awareness regarding energy conservation has resulted in an increased number of installations for backup power supply systems which are further anticipated to propel product demand over the forecast period.
Regional Analysis:
Asia Pacific region dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand for energy storage batteries across various applications such as emergency lighting, security systems, back-ups and consumer electronics. China is a major contributor towards regional growth owing to heavy investments made by domestic manufacturers in R&D activities coupled with low manufacturing cost associated with these batteries.
The European market also held a significant share of global revenue in 2017 due to increased penetration of AGM battery technology across several sectors including industrial, commercial and residential applications. Moreover, rising demand for UPS devices within data centers has augmented regional growth over the past few years.
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 20% during the forecast period. This will lead to an increase in the demand for SLA batteries, as they are used in most electric vehicles.
- Rising demand from renewable energy sector: The global market for renewable energy is expected to grow at a CAGR of more than 15% during the forecast period. This will lead to an increase in the demand for SLA batteries, as they are used extensively in renewable energy applications such as solar and wind power plants.
- Growing popularity of smart grids: Smart grids are becoming increasingly popular across the world due to their ability to improve grid efficiency and reliability while reducing emissions and costs associated with electricity generation, transmission, and distribution. This is likely to result in an increased demand for SLA batteries over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
SLA Batteries Market Research Report
By Type
General Purpose SLA AGM Batteries, Deep Cycle SLA AGM Batteries, Gel SLA Batteries, UPS SLA AGM Batteries
By Application
Emergency Lighting, Security Systems, Back-Ups, Consumer Electronics, Others
By Companies
Panasonic, Johnson Controls, Yuasa, Vision Battery, SBS Battery, Fiamm, MCA, IBT Battery, Southern Battery, Exide Technologies, CSB Battery, Atlasbx, Amara Raja, C&D Technologies, Trojan, NorthStar Battery, Midac Power, ACDelco
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
226
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global SLA Batteries Market Report Segments:
The global SLA Batteries market is segmented on the basis of:
Types
General Purpose SLA AGM Batteries, Deep Cycle SLA AGM Batteries, Gel SLA Batteries, UPS SLA AGM Batteries
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Emergency Lighting, Security Systems, Back-Ups, Consumer Electronics, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Panasonic
- Johnson Controls
- Yuasa
- Vision Battery
- SBS Battery
- Fiamm
- MCA
- IBT Battery
- Southern Battery
- Exide Technologies
- CSB Battery
- Atlasbx
- Amara Raja
- C&D Technologies
- Trojan
- NorthStar Battery
- Midac Power
- ACDelco
Highlights of The SLA Batteries Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- General Purpose SLA AGM Batteries
- Deep Cycle SLA AGM Batteries
- Gel SLA Batteries
- UPS SLA AGM Batteries
- By Application:
- Emergency Lighting
- Security Systems
- Back-Ups
- Consumer Electronics
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the SLA Batteries Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
SLA batteries are a type of rechargeable battery that uses a special kind of chemistry. SLA batteries have an energy capacity that is about three times greater than traditional lead-acid batteries, but they can be discharged and recharged many more times before they need to be replaced.
Some of the major players in the sla batteries market are Panasonic, Johnson Controls, Yuasa, Vision Battery, SBS Battery, Fiamm, MCA, IBT Battery, Southern Battery, Exide Technologies, CSB Battery, Atlasbx, Amara Raja, C&D Technologies, Trojan, NorthStar Battery, Midac Power, ACDelco.
The sla batteries market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 SLA Batteries Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 SLA Batteries Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 SLA Batteries Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the SLA Batteries Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global SLA Batteries Market Size & Forecast, 2018-2028
4.5.1 SLA Batteries Market Size and Y-o-Y Growth
4.5.2 SLA Batteries Market Absolute $ Opportunity
Chapter 5 Global SLA Batteries Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 SLA Batteries Market Size Forecast by Type
5.2.1 General Purpose SLA AGM Batteries
5.2.2 Deep Cycle SLA AGM Batteries
5.2.3 Gel SLA Batteries
5.2.4 UPS SLA AGM Batteries
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global SLA Batteries Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 SLA Batteries Market Size Forecast by Applications
6.2.1 Emergency Lighting
6.2.2 Security Systems
6.2.3 Back-Ups
6.2.4 Consumer Electronics
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global SLA Batteries Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 SLA Batteries Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America SLA Batteries Analysis and Forecast
9.1 Introduction
9.2 North America SLA Batteries Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America SLA Batteries Market Size Forecast by Type
9.6.1 General Purpose SLA AGM Batteries
9.6.2 Deep Cycle SLA AGM Batteries
9.6.3 Gel SLA Batteries
9.6.4 UPS SLA AGM Batteries
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America SLA Batteries Market Size Forecast by Applications
9.10.1 Emergency Lighting
9.10.2 Security Systems
9.10.3 Back-Ups
9.10.4 Consumer Electronics
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe SLA Batteries Analysis and Forecast
10.1 Introduction
10.2 Europe SLA Batteries Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe SLA Batteries Market Size Forecast by Type
10.6.1 General Purpose SLA AGM Batteries
10.6.2 Deep Cycle SLA AGM Batteries
10.6.3 Gel SLA Batteries
10.6.4 UPS SLA AGM Batteries
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe SLA Batteries Market Size Forecast by Applications
10.10.1 Emergency Lighting
10.10.2 Security Systems
10.10.3 Back-Ups
10.10.4 Consumer Electronics
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific SLA Batteries Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific SLA Batteries Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific SLA Batteries Market Size Forecast by Type
11.6.1 General Purpose SLA AGM Batteries
11.6.2 Deep Cycle SLA AGM Batteries
11.6.3 Gel SLA Batteries
11.6.4 UPS SLA AGM Batteries
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific SLA Batteries Market Size Forecast by Applications
11.10.1 Emergency Lighting
11.10.2 Security Systems
11.10.3 Back-Ups
11.10.4 Consumer Electronics
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America SLA Batteries Analysis and Forecast
12.1 Introduction
12.2 Latin America SLA Batteries Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America SLA Batteries Market Size Forecast by Type
12.6.1 General Purpose SLA AGM Batteries
12.6.2 Deep Cycle SLA AGM Batteries
12.6.3 Gel SLA Batteries
12.6.4 UPS SLA AGM Batteries
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America SLA Batteries Market Size Forecast by Applications
12.10.1 Emergency Lighting
12.10.2 Security Systems
12.10.3 Back-Ups
12.10.4 Consumer Electronics
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) SLA Batteries Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) SLA Batteries Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) SLA Batteries Market Size Forecast by Type
13.6.1 General Purpose SLA AGM Batteries
13.6.2 Deep Cycle SLA AGM Batteries
13.6.3 Gel SLA Batteries
13.6.4 UPS SLA AGM Batteries
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) SLA Batteries Market Size Forecast by Applications
13.10.1 Emergency Lighting
13.10.2 Security Systems
13.10.3 Back-Ups
13.10.4 Consumer Electronics
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 SLA Batteries Market: Competitive Dashboard
14.2 Global SLA Batteries Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Panasonic
14.3.2 Johnson Controls
14.3.3 Yuasa
14.3.4 Vision Battery
14.3.5 SBS Battery
14.3.6 Fiamm
14.3.7 MCA
14.3.8 IBT Battery
14.3.9 Southern Battery
14.3.10 Exide Technologies
14.3.11 CSB Battery
14.3.12 Atlasbx
14.3.13 Amara Raja
14.3.14 C&D Technologies
14.3.15 Trojan
14.3.16 NorthStar Battery
14.3.17 Midac Power
14.3.18 ACDelco
