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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.
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.
| Report Attribute | Details |
|---|---|
| Base Year: | 2019 |
| Indonesia & Malaysia Lead Acid Battery Market Size in 2019: | 1.2 Billion (USD) |
| Forecast Period: | 2020 to 2026 |
| Forecast Period 2020 to 2026 CAGR: | 7.9% |
| 2026 Value Projection: | 20 Million Units |
| Historical Data for: | 2015 to 2019 |
| No. of Pages: | 180 |
| Tables, Charts & Figures: | 239 |
| Segments covered: | Application, Construction, Sales Channel |
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Indonesia & Malaysia Lead Acid Battery Market Scope
