Lead-Acid Battery Market size in Indonesia to grow by USD 70.33 million from 2022 to 2027, The change in the energy mix to drive market growth- Technavio

NEW YORK, Nov. 27, 2023 /PRNewswire/ -- The lead-acid battery market in Indonesia is expected to grow by USD 70.33 million from 2022 to 2027, according to Technavio. In addition, the growth momentum of the market will progress at a CAGR of 3.35% during the forecast period. To find a preview of the market overviews, market drivers, opportunities, and potentials request a sample report

Lead-Acid Battery Market in Indonesia 2023-2027: Company Analysis

The lead-acid battery market in Indonesia is concentrated due to the presence of many global and regional players. The market comprises category-focused, industry-focused, and diversified companies. The global off-grid lead-acid battery market in Indonesia is expected to grow rapidly during the forecast period due to the Growth in the automotive market. Hence, the competition among companies is expected to intensify during the forecast. The report analyzes the market's competitive landscape and offers information on several market companies. Accumulatorenwerke HOPPECKE Carl Zoellner and Sohn GmbH, C and D Technologies Inc., EnerSys, Furukawa Electric Co. Ltd., GS Yuasa International Ltd., Guangdong Yuasa Battery Co. Ltd., PT Century Batteries Indonesia, PT New Indobatt Energy Nusantara, PT Selatan Jadi Jaya, PT. Tri Mega Baterindo, and PT. Trimitra Baterai Prakasa

Major Companies and Key Offerings:

Accumulatorenwerke HOPPECKE Carl Zoellner and Sohn GmbH- The company offers lead acid batteries such as Xtreme VR pure lead battery, suitable for use in harsh environmental conditions.

C and D Technologies Inc. - The company offers lead acid batteries such as UPS PLP and UPS MR batteries.

Key Driver

The change in the energy mix is a key factor driving market growth. The growth in demand for electricity as well as the increasing population of Indonesia has also brought about a rise in consumption. The government must, therefore, be focusing on sustainable and renewable sources like biomass, wind energy, or solar power due to the increase in greenhouse gas emissions. Hence, these factors are expected to drive market growth during the forecast period.

Lead-Acid Battery Market in Indonesia 2023-2027: Segmentation Analysis

By Application

• The automotive segment is estimated to witness significant growth during the forecast period. The automotive segment includes both Original and replacement Lead Acid Batteries, which are used in passenger cars as well as internal combustion engine vehicles such as ICE EVs, automotive businesses, and two-wheelers. The automotive industry requires lead-acid batteries for SLI in ICE vehicles and start/stop applications, EVs require power for functions beyond propulsion power. In addition, most cars use lead-acid batteries for SLI cycle applications; some use deep lithium-ion batteries to power electric vehicles.  Hence, these factors are expected to drive market growth during the forecast period.

To know additional highlights and key points on various market segments and their impact in coming years, Get a Sample Report.

Imperative Insights on the following aspects:

• What was the size of the global lead-acid battery market in Indonesia by value?
• What will be the size of the global lead-acid battery market in Indonesia in 2027?
• How has the industry performed over the last 5 years?
• What factors are affecting the strength of competition in the global lead-acid battery market in Indonesia?
• What main segments make up the global lead-acid battery market in Indonesia?

Related Reports:

The lithium-ion battery recycling market size is estimated to grow at a CAGR of 21.81% between 2023 and 2028. The market size is forecast to increase by USD 3,000.26 million.

The grid-scale battery market size is estimated to grow at a CAGR of 20.88% between 2023 and 2028. The market size is forecast to increase by USD 12,247.48 million. 

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Type

Market Segmentation by Application

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio

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