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Indonesia & Malaysia Lead Acid Battery Market Size

  • Report ID: GMI4603
  • Published Date: May 2023
  • Report Format: PDF

Indonesia & Malaysia Lead Acid Battery Market Size

Indonesia & Malaysia Lead Acid Battery Market size was valued at USD 3.5 billion in 2022 and is estimated to expand at 3.2% CAGR from 2023 to 2032. Lead acid battery industry size is set to observe around 2.5% CAGR through 2030. A lead acid battery type of rechargeable battery that contains two electrodes immersed in an electrolyte solution of sulfuric acid. The positive one is composed of lead oxide grains, while the negative electrode is connected to a grid made of metallic lead. The demand for these units will witness an upsurge owing to their widespread utilization in off-grid power generation and the transportation industry.

 

Indonesia & Malaysia Lead Acid Battery Market

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Increasing demand from consumer end toward the deployment of efficient and reliable energy storage solutions across a multitude of industries including automotive, telecom, and power utilities will favor the industry scenario. Surging adoption of electric vehicles along with paradigm shift toward environmentally friendly products will accelerate the business outlook. Increasing proportion of renewable energy sources coupled with robust development of smart grid infrastructure will escalate the product penetration.

 

Authors: Ankit Gupta, Abhishek Chopra

Frequently Asked Questions (FAQ) :

The market size for lead acid battery in Indonesia & Malaysia was worth more than USD 3.5 billion in 2022 and will surpass USD 4.9 billion by 2032, propelled by their widespread utilization in off-grid power generation and the transportation industry in the region.

The flooded lead acid batteries segment revenue exceeded USD 2.5 billion in 2022, as a result of significant applicability across telecommunications, computer systems, golf carts, and forklifts.

The stationary application segment held a 20% market share in 2022, owing to the increasing demand for UPS systems, along with the surging need for uninterrupted power supply across various areas.

Indonesia market will grow at a rate of 2.8% between 2023 and 2032, attributed to favorable investments and the introduction of several legislative ventures in the region.

Indonesia & Malaysia Lead Acid Battery Market Scope

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Premium Report Details

  • Base Year: 2019
  • Companies covered: 15
  • Tables & Figures: 239
  • Countries covered: 2
  • Pages: 180
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