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The indonesia lead-acid battery market size is forecast to increase by USD 67.6 million at a CAGR of 3.14% between 2023 and 2028.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The market encompasses applications in various sectors, including commercial vehicles, motorcycles, passenger car manufacturing, oil and gas, telecom, mining, data centers, energy storage devices, renewable energy, and power backup systems. In the automotive industry, lead-acid batteries are utilized for SLI applications in Internal Combustion Engine (ICE) vehicles and start/stop systems, while providing propulsion power in Electric Vehicles (EVs). The Indonesian automotive market is projected to expand significantly due to increasing consumer income and affordable fuel prices. Lead-acid batteries, specifically those used in passenger cars and motorcycles, dominated the automotive segment's revenue in 2023. Indonesia's strategic position as a significant producer of critical raw materials, such as nickel laterite ore, for Lithium-Ion batteries used in EVs, further strengthens its role In the global automotive and energy storage industries.
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The Automotive segment was valued at USD 232.20 million in 2018 and showed a gradual increase during the forecast period.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Growth in automotive market is the key driver of the market.
Rising adoption of microgrids is the upcoming trend In the market.
Drawbacks of lead-acid batteries is a key challenge affecting the market growth.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, market forecast partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the market.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Lead-acid batteries have long been a staple in various industries due to their reliability and affordability. This type of battery, which stores energy in lead plates submerged in sulfuric acid, is widely used in a range of applications, including commercial vehicles, motorcycles, and telecommunications. The market reflects the global trend towards increased adoption of energy storage devices in various sectors. These batteries are essential for power backup systems in telecom towers and data centers, where uninterrupted power supply is crucial. In the mining industry, lead-acid batteries are used to power mining equipment and provide power in remote locations. Lead-acid batteries are also widely used In the oil and gas sector for various applications, such as drilling operations and production facilities.
In the renewable energy sector, these batteries are used to store excess energy generated by solar and wind power plants for later use. The technology behind lead-acid batteries has evolved over the years, with advancements such as calcium alloy grids and carbon additives improving their performance and longevity. Gel VRLA batteries and SLI batteries are two popular types of lead-acid batteries, each with their unique features and applications. Despite their widespread use, lead-acid batteries face challenges, including pollution rates and recycling. The production of lead-acid batteries involves the use of sulfuric acid, which can be harmful to the environment if not properly managed.
However, efforts are being made to improve the recycling of lead-acid batteries, making them a more sustainable option. The telecom sector, particularly the wireless telecom industry and telecommunications sector, is a significant consumer of lead-acid batteries in Indonesia. These batteries are used to power base stations and other telecom infrastructure, ensuring reliable communication services for consumers. The energy storage space is a dynamic and evolving market, with new technologies such as lithium-ion batteries gaining popularity. However, lead-acid batteries continue to hold their ground due to their affordability, reliability, and widespread availability. In conclusion, the market is an essential component of various industries, including telecom, mining, oil and gas, and renewable energy.
Despite challenges such as pollution rates and recycling, the market continues to grow due to the reliability and affordability of lead-acid batteries. The technology behind lead-acid batteries has evolved over the years, with advancements such as calcium alloy grids and carbon additives improving their performance and longevity. The telecom sector remains a significant consumer of lead-acid batteries in Indonesia, and the market is expected to continue growing In the coming years.
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Market Scope |
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Report Coverage |
Details |
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Page number |
124 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.14% |
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Market growth 2024-2028 |
USD 67.6 million |
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Market structure |
Concentrated |
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YoY growth 2023-2024(%) |
3.04 |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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