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Indonesia & Malaysia Lead Acid Battery Market Trends

Report ID: GMI4603
Published Date: Aug 2024
Report Format: PDF

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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.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

Indonesia & Malaysia lead acid battery market size was estimated at USD 3.6 billion in 2023 and is set to grow at 3.2% CAGR during 2024-2032, driven by the growing demand from consumers for efficient & reliable energy storage solutions across various industries

Indonesia & Malaysia stationary lead acid battery market will exceed USD 1 billion by 2032, driven by the rising demand for UPS systems and the need for uninterrupted power supply across various sectors.

Indonesia lead acid battery market is set to surpass USD 3 billion by 2032, driven by a thriving automobile sector coupled with a growing inclination toward environmental sustainability.

EnerSys, Exide Industries, GPA Holdings Berhad, GS Yuasa International, HOPPECKE, Leoch Battery, and MUTLU among others.