Indonesia & Malaysia Lead Acid Battery Market Size - By Application (Stationary, Motive, SLI), By Construction (Flooded, VRLA {AGM, GEL}), By Sales Channel (OEM, Aftermarket), By Country Outlook & Forecast, 2024 – 2032

Indonesia & Malaysia Lead Acid Battery Market Size

Indonesia & Malaysia Lead Acid Battery Market was valued at USD 3.6 billion in 2023 and is set to grow at a CAGR of 3.2% from 2024 to 2032. The growing demand from consumers for efficient & reliable energy storage solutions across various industries including automotive, telecommunications, and power utilities, will positively impact the industry landscape.
 

Lead-acid batteries is one of the oldest types of rechargeable batteries continue to be widely used due to their reliability and cost-effectiveness. Comprised of lead dioxide and sponge lead plates submerged in a sulfuric acid electrolyte, these batteries are capable of delivering high surge currents, making them ideal for applications requiring substantial power in a short period. They are commonly found in automotive starting, lighting, and ignition systems, uninterruptible power supplies and for backup power in telecommunications.
 

Indonesia & Malaysia Lead Acid Battery Market Trends

The growing adoption of electric vehicles and the shift towards environmentally friendly products will enhance the business outlook. The increasing share of renewable energy sources combined with the robust development of smart grid infrastructure will fuel the product penetration. The industry is poised to experience significant momentum owing to the rise of electric vehicles and hybrid electric vehicles. The widespread use of these units in start-stop systems along with growing demand from the industrial sector will positively sway the lead acid battery market.
 

Indonesia & Malaysia Lead Acid Battery Market Analysis

The stationary lead acid battery market will exceed over USD 1 billion by 2032. Rising demand for UPS systems and the need for uninterrupted power supply across various sectors will drive industry growth. The expansion of the data center industry, combined with the increasing frequency of power outages, will positively influence the business outlook. These units are extensively used for energy storage applications including solar and wind power systems stimulating the industry's potential.
 

The flooded lead acid battery market size will witness growth rate of over 3% through 2032. The growing use of these units in telecommunications, computer systems, golf carts, and forklifts will positively influence the industry landscape. The rising demand for battery replacements and increased investments in the industrial sector will create a favorable industry scenario. Furthermore, ongoing research and development efforts focused on reducing the costs and environmental impact of these batteries will bolster the industry growth.
 

The Indonesia lead acid battery market is set to surpass USD 3 billion by 2032. The thriving automobile sector coupled with a growing inclination toward environmental sustainability is driving industry growth. The rising demand for these units from telecommunications, inverters, UPS systems and controls & switchgear, among others will boost the business outlook. Ongoing investments in the industry supported by various legislative initiatives are set to amplify the industry potential.
 

The Malaysia lead acid battery market is experiencing significant growth driven by a combination of industrial expansion and increasing demand for reliable power storage solutions. The industry is being bolstered by the flourishing automotive sector, which relies heavily on lead acid batteries for both conventional and electric vehicles. Moreover, ongoing advancements in battery technology aimed at improving performance and reducing environmental impact are further propelling the business growth.
 

Indonesia & Malaysia Lead Acid Battery Market Share

C&D Technologies is one of the leading providers of advanced battery solutions, specializing in the design and manufacture of lead-acid batteries. With a strong emphasis on innovation and reliability, the company offers a comprehensive range of lead-acid batteries suited for various applications, including telecommunications, uninterruptible power supplies (UPS), and renewable energy systems. Its batteries are known for their durability, high performance, and cost-effectiveness, making them a popular choice for critical power backup needs. C&D Technologies combines decades of expertise with cutting-edge technology to ensure their batteries meet the highest standards of quality and performance, supporting both industrial and commercial sectors with dependable energy storage solutions.
 

Indonesia & Malaysia Lead Acid Battery Market Companies

The key industry players include:

• Amara Raja Group
• C&D Technologies
• Century Batteries
• Clarios
• EnerSys
• Exide Industries
• GPA Holdings Berhad
• GS Yuasa International
• HOPPECKE
• Leoch Battery
• MUTLU
• Mitsubishi Electric Power Products Inc.
• PT. Motobatt Indonesia
• Panasonic Energy Co., Ltd.
• The Furukawa Battery
• Yokohoma Industries
   

Indonesia & Malaysia Lead Acid Battery Industry News

• In July 2024, Exide Industries has unveiled a new advanced Absorbent Glass Mat (AGM) battery for automobiles, targeting both domestic and international markets. This innovative battery is engineered to provide superior starting power, extended longevity, and enhanced durability compared to traditional lead-acid batteries. This strategic move will enhance its product portfolio and strengthen its market position. 
   
• In January 2023, Clarios has introduced smart AGM 12 V batteries specifically engineered for use in ADAS systems and EVs' computer. This modern technology is designed to support the computer systems that manage the EV's drivetrain. The new product boasts high reliability, safe chemistry, and several design advantages over existing alternatives.
   

This Indonesia & Malaysia lead acid battery market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Million Units” & “USD Million” from 2021 to 2032, for the following segments:

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Market, By Application

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

Market, By Construction

• Flooded
• VRLA
  • AGM
  • GEL

Market, By Sales Channel

• OEM
• Aftermarket

The above information has been provided for the following countries:

• Indonesia
• Malaysia