Indonesia & Malaysia Lead Acid Battery Market Size By Application (Stationary {Telecommunications, UPS, Control & Switchgear,}, Motive, SLI {Automobiles, Motorcycles}), By Construction (Flooded, VRLA), By Sales Channel (OEM, Aftermarket), Industry Analysis Report, Country Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026

Industry Trends

Indonesia & Malaysia Lead Acid Battery Market size exceeded USD 1.2 billion in 2019 and annual sales are anticipated to exceed 20 million units by 2026. Increasing demand for efficient energy storage technology for critical power applications will expand the lead acid battery industry outlook. SLI batteries accounted for the largest market share in 2019.
 

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A lead acid battery (LAB) is an energy storage solution/system, deployed primarily as a source of power across wide range of applications. It is a rechargeable or secondary battery composed of sulfuric acid solution electrolyte, lead-dioxide cathode, and sponge metallic lead anode. The typical lifespan of a lead acid battery is between 3-12 years, depending upon the manufacturing process and end use application.
 

High resistance to corrosion, low self-discharge and large electrolyte reserves are some of the key advantages demonstrated by a lead acid battery unit which is driving the market growth. In addition, strengthening economic growth accomplished by a significant expansion in the data canter, telecommunication and automotive industries will positively influence the Indonesia & Malaysia lead acid battery market share. These batteries continue to be the most preferable chemistry on account of their easy availability and competitive price index.
 

The Indonesia & Malaysia lead acid battery market report features a detailed analysis of industry trends across the country basis across application, construction, and sales channel. Moreover, the market forecasts & estimates are in line with data represented by authorities including the BCI, ILA, OICA, ADB, government regulatory bodies and, company press releases.
 

Soaring FDI coupled with rapid industrialization will enhance the stationary battery market size

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The stationary lead acid battery units are used for standby or power backup applications in case of electrical failure across industries including telecom, and data centers. These batteries are also used to power the air conditioners, bus lightings and security lighting. Growing industrialization on account of favorable environmental regulations, trade facilitation, and technology advancements will proliferate the demand of efficient energy storage solutions.
 

Increased FDI inflows and rising domestic investments toward new industrial facilities, will further lead to improved demand for lead acid battery units across stationary power applications.
 

Ongoing efforts to promote domestic manufacturing coupled with a positive outlook toward long-term political stability have increased the attractiveness of Indonesia & Malaysia as hotspots for new investments. Rising foreign direct investments coupled with the rapid industrialization will positively influence the market demand.
 

Moreover, cyclic demand of lead acid battery units from several industrial applications will further augment the growth of Indonesia & Malaysia lead battery market in the forthcoming years.
 

Demand for storage systems with high energy density driving the market size of flooded batteries

Flooded batteries are generally composed of lead plates, a sulphuric acid electrolyte, and a plate separator. These lead plates begin to deteriorate when they come in contact with the atmosphere, leading to their corrosion or failure if not maintained. Despite higher maintenance requirement, the market size of flooded lead acid battery units will witness steady growth on account of low cost and extensive use in golf carts and industrial trucks.
 

In addition, enhanced durability & stability along with the optimized starting power and start-stop functionality will drive the flooded lead acid battery market trends.
 

Increasing battery replacement rates boosting the aftermarket industry growth

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The rising demand for replacing battery units that have reached the end of life phase has provided substantial market opportunities to the suppliers operating across the industry. The aftermarket battery sector is a major contributor to the total sales of lead acid battery units when compared with Original Equipment Manufacturers (OEMs).
 

The industry trends and dynamics vary significantly across different application areas. For instance, the batteries deployed across the automotive sector are dominated by the aftermarket sales channel and provide lucrative prospects to equipment vendors and authorized car & spare parts dealers.
 

An SLI battery has a typical lifespan of 5-7 years, after which it eventually needs to be replaced. However, harsh urban driving profiles and ongoing integration of advanced vehicles technologies have increased the replacement of conventional units, thereby providing remunerative opportunities for manufacturers to enhance their market share.
 

In addition, the presence of robust distribution channels & networks have further amplified the ease of access to aftermarket batteries which in turn will increase the adoption of these units.
 

Growing automotive sector in Indonesia will augment the market outlook

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The Indonesia lead acid battery market is undergoing significant technological changes and is set to witness robust growth on account of increasing demand for automobiles. The country supports a robust aftermarket ecosystem which will further enhance the market growth.
 

In addition, the rise in the national fleet age coupled with changing consumer preferences toward repair and maintenance of automobiles will positively influence the product demand. Furthermore, the increasing demand for telecom and UPS systems across the industries will boost the adoption of lead acid battery products.
 

Establishment of robust distribution network acting as the focal point of industry leaders

The leading industry giants are focusing on developing a robust supply and network across the emerging markets to enhance their market share. In addition, these market players are also focusing toward backward integration by manufacturing major components to ensure economies of scale and maintain quality standards to enhance their market share across the lead acid battery industry.
 

Key industry players operating across the Indonesia & Malaysia lead acid market comprise GS Yuasa Corporation, Clarios, Leoch International Technology Limited Inc., C&D Technologies Inc., HOPPECKE Batterien GmbH & Co. KG., GPA Holdings Berhad, Century Batteries Indonesia, Coslight Technology International Group Ltd., EnerSys amongst others.
 

Indonesia & Malaysia Lead Acid Battery market research report includes in-depth coverage of the industry with estimates & forecast in terms of Units, and ‘USD” from 2015 to 2026, for the following segments:

By Application

• Stationary
  • Telecommunication
  • UPS
  • Control & Switchgear
  • Others
• Motive
• SLI
  • Automobiles
  • Motorcycles

By Construction

• Flooded
• VRLA

By Sales Channel

• OEM
• Aftermarket

The above information has been provided for the following countries:

• Indonesia
• Malaysia