Indonesia & Malaysia Lead Acid Battery Market Top Trends, Future Growth & Opportunities 2022-2026

15-11-2022

By Ronak Bora

With increasing investments in regional industrial and telecom sector along with growing demand for energy solutions, Indonesia & Malaysia lead acid battery market is set to gain major impetus over the upcoming years. Moreover, accelerating demand for high energy density batteries and increasing preference for personal mobility is likely to impel the use of lead acid battery in future.

Considering the burgeoning demand for lead acid batteries, several prominent industry players such as Clarios, GS Yuasa Corporation, Furukawa Battery Co., Ltd., etc. are focusing on implementing effective business strategies to gain a strong foothold in the market. For instance, in 2015, GS Yuasa International Ltd. entered into an agreement with Panasonic Corporation. The strategic agreement enabled GS Yuasa to take over Panasonic’s business of lead-acid battery to expand the business portfolio and gain a strong market presence worldwide.

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According to GMI, Indonesia & Malaysia lead acid battery market is projected to register annual installation of over 20 million units by 2026, considering the below mentioned trends:

Growing popularity of motive lead acid batteries

Motive lead acid battery units are gaining immense popularity owing to the advantages associated with them such as easy installation, excellent performance and lesser maintenance. Besides, these batteries stand to be a cost-effective solution for electric and hybrid electric vehicles, which is likely to positively influence the product adoption. Additionally, rapid technological developments for optimizing the efficiency and performance of motive batteries will open new growth avenues for the industry over the foreseeable future.

Heightened demand from automobile industry

Lead acid batteries are experiencing increased demand from the automobile sector owing to the benefits offered by these batteries such as minimum cost of maintenance and superior cranking performance. For instance, one of the major industry players, Clarios developed a 12-volt lead acid battery which supports the automobile’s electrical network throughout the drive. It powers every component from infotainment systems and heated seats to advanced safety features such as pedestrian detection system.

Rising adoption of VRLA batteries

VRLA segment is projected to experience a notable growth during the subsequent years considering the increasing product adoption for reliable and cost-effective energy supply for critical power applications across several industries. Further, minimal maintenance and lower self-discharge rates are some of the key benefits offered by these batteries, which would add to the thriving lead acid battery industry space across Indonesia and Malaysia. In addition, launch of AGM (Absorbent Glass Mat) VRLA batteries having impact and vibration resistance as well as spill proof properties will enhance the segment growth significantly.

Increasing sales through aftermarket channel

Aftermarket segment is anticipated to grow significantly over the coming years owing to increasing preference for replacement of old batteries that have exceeded the required life span. In this regard, lower cost of replacement and availability of efficient aftermarket distribution channels are some of the key factors complementing the segment growth. Moreover, rapid expansion of OEMs into the aftermarket sales channel along with increasing investments towards optimization of customer experience will foster the business outlook further.

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Expanding telecom sector and data centers across Indonesia

Indonesia lead acid battery market is estimated to observe a substantial growth rate of over 7% through 2026 on account of elevating product demand driven by increasing investments toward the development and expansion of telecom industry and data centers in the country. Moreover, expanding aftermarket for automotive across the country coupled with the rising consumer inclination towards economical and maintenance free batteries will drive the business growth further.

Partial Chapter of the Table of Content

Chapter 3 Lead Acid Battery Industry Insights

3.1 Industry segmentation

3.2 Industry landscape, 2015 – 2026 (USD Million)

3.3 Industry ecosystem analysis

3.3.1 Lead acid battery

3.3.2 SLI battery

3.3.3 Vendor matrix

3.4 Lead acid battery consumer analysis

3.4.1 Stationary battery

3.4.2 Motive battery

3.4.3 SLI battery

3.5 Innovation & sustainability

3.5.1 Exide

3.5.2 Enersys

3.5.3 Clarios

3.5.4 Shandong Sacred Sun Power Sources Co. ltd.

3.5.5 GS Yuasa Corporation

3.6 Customer group requirement

Chapter 4 Lead Acid Battery Market, By Application

4.1 Lead acid battery market share by application, 2019 & 2026

4.2 Stationary

4.2.1 Lead acid battery market from stationary, 2015 – 2026

4.2.2 Lead acid battery market from stationary, by country, 2015 – 2026

4.2.3 Telecommunications

4.2.3.1 Lead acid battery market from telecommunications, 2015 – 2026

4.2.3.2 Lead acid battery market from telecommunications, by country, 2015 – 2026

4.2.4 UPS

4.2.4.1 Lead acid battery market from UPS, 2015 – 2026

4.2.4.2 Lead acid battery market from UPS, by country, 2015 – 2026

4.2.5 Control & switchgear

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About Author

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport....