Indonesia - Lead-Acid Battery Market by Type and Application - Forecast and Analysis 2023-2027

Published: Oct 2023 Pages: 119 SKU: IRTNTR70081

Lead-Acid Battery Market in Indonesia Report 2023-2027

The lead-acid battery market size is forecast to increase by USD 70.33 million and is estimated to grow at a CAGR of 3.35% between 2023 and 2027.  The report includes historic market data from 2017 - 2021. The growth of the market depends on several factors such as the growth in the automotive market, the increase in demand for industrial applications, and the change in the energy mix.

Lead-Acid Battery Market Overview :

  • The market segmentation into Application, which is furthermore divided into automotive, industrial, and others
  • The Type segment include starter lead-acid battery and deep-cycle lead-acid battery
  • The Automotive segment was the largest segment and was valued at USD 225.95 million in 2017.

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Lead-Acid Battery Market In Indonesia Trends 

The upcoming railway projects are a key trend in the Indonesia - lead-acid battery market??????. Due to their higher power yield and low costs, the railway industry is using lead-acid batteries over other types of batteries. These batteries are used as starter batteries in rail engines and as a power source in underground trains and suburban railways. 

Additionally, the members of the Indonesian railway industry are partnering and cooperating with global companies for the transfer of technology and to improve the country's role in the global supply chain. Projects and partnerships like these will cause an increase in demand for railway infrastructure, including rolling stocks, rail cars, and other supporting components, and will contribute to the demand for lead-acid batteries during the forecast period.

Lead-Acid Battery Market in Indonesia  Largest-Growing Segments 

Application Segment

The automotive segment is estimated to witness significant growth during the forecast period. The automotive segment includes lead-acid batteries (both OEM and replacement lead-acid batteries) that are used in passenger cars, including both ICE vehicles and EVs, commercial vehicles, 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.

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With the availability of critical raw materials needed to manufacture lithium-ion batteries used in electric vehicles, Indonesia is becoming an important EV producer. The majority of EVs use lead-acid batteries for SLI applications; some EVs use deep-cycle lead-acid batteries to provide propulsion power. Increasing the spending power of the population and low fuel prices are the key factors that will drive the growth.

Lead-Acid Battery Market in Indonesia Dynamic

Key Indonesia Lead-Acid Battery Market Driver

The change in the energy mix is driving growth in the Indonesia lead-acid battery market. In Indonesia, economic development and the growing population have led to an increase in electricity demand and consumption. This increase in GHG emissions is compelling the government to focus on sustainable and renewable energy resources such as biomass, wind, and solar. 

Moreover, the addition of renewable sources into the energy mix has driven the requirement for flexible power systems with renewable energy, such as solar PVs, to manage the unstable nature of power generation. The changing energy mix will drive the demand for lead-acid batteries for energy storage applications in Indonesia during the forecast period.

Key Indonesia Lead-Acid Battery Market Challenge

The decline in lithium-ion battery cost is a major challenge faced by the Indonesia lead-acid battery market. Due to the growing adoption in the automotive industry, as well as for energy storage applications the market for lithium batteries in Indonesia has seen a growth.  Lithium-ion batteries offer several advantages over lead-acid, such as higher current density, longer power-holding capacity, and longer shelf life, which make them more preferable among the end-users.

Moreover, as lithium-ion batteries account for a major share of the cost structure of the end products, a decline in their prices will lower the total cost of ownership of the end products. The improved capabilities of lithium-ion batteries have resulted in cost savings, which will boost the sales of these batteries and, subsequently, hamper the growth of the Indonesia - Lead-Acid Battery Market during the forecast period.

Lead-Acid Battery Market In Indonesia Customer Landscape

The market research 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 growth strategies.

Global Lead-Acid Battery Market in Indonesia Customer Landscape

Major Lead-Acid Battery Market in Indonesia Companies

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

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.

The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

  • 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
  • PT. Trimitra Baterai Prakasa

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.

Segment Overview

The lead-acid battery market in Indonesia report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Application Outlook (USD Million, 2017 - 2027)
    • Automotive
    • Industrial
    • Others
  • Type Outlook (USD Million, 2017 - 2027)
    • Starter lead-acid battery
    • Deep-cycle lead-acid battery

Lead-Acid Battery Market In Indonesia Scope

Report Coverage

Details

Page number

119

Base year

2022

Historic period

2017 - 2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 3.35%

Market growth 2023-2027

USD 70.33 million

Market structure

Concentrated

YoY growth 2022-2023(%)

3.11

Regional analysis

Indonesia

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

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

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Lead-Acid Battery Market In Indonesia Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2023 and 2027
  • Precise estimation of the size of the market  size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behaviour
  • Growth of the market industry across Indonesia
  • Thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. 

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Country Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 07: Parent market
    • Exhibit 08: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 09: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 10: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 11: Chart on Indonesia - Market size and forecast 2022-2027 ($ million)
      • Exhibit 12: Data Table on Indonesia - Market size and forecast 2022-2027 ($ million)
      • Exhibit 13: Chart on Indonesia: Year-over-year growth 2022-2027 (%)
      • Exhibit 14: Data Table on Indonesia: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Lead-acid battery market in Indonesia 2017 - 2021
      • Exhibit 15: Historic Market Size – Data Table on lead-acid battery market in Indonesia 2017 - 2021 ($ million)
    • 4.2 Application Segment Analysis 2017 - 2021
      • Exhibit 16: Historic Market Size – Application Segment 2017 - 2021 ($ million)
    • 4.3 Type Segment Analysis 2017 - 2021
      • Exhibit 17: Historic Market Size – Type Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 18: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 21: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 22: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 23: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 24: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 25: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 26: Data Table on Application - Market share 2022-2027 (%)
    • 6.2 Comparison by Application
      • Exhibit 27: Chart on Comparison by Application
      • Exhibit 28: Data Table on Comparison by Application
    • 6.3 Automotive - Market size and forecast 2022-2027
      • Exhibit 29: Chart on Automotive - Market size and forecast 2022-2027 ($ million)
      • Exhibit 30: Data Table on Automotive - Market size and forecast 2022-2027 ($ million)
      • Exhibit 31: Chart on Automotive - Year-over-year growth 2022-2027 (%)
      • Exhibit 32: Data Table on Automotive - Year-over-year growth 2022-2027 (%)
    • 6.4 Industrial - Market size and forecast 2022-2027
      • Exhibit 33: Chart on Industrial - Market size and forecast 2022-2027 ($ million)
      • Exhibit 34: Data Table on Industrial - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Chart on Industrial - Year-over-year growth 2022-2027 (%)
      • Exhibit 36: Data Table on Industrial - Year-over-year growth 2022-2027 (%)
    • 6.5 Others - Market size and forecast 2022-2027
      • Exhibit 37: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 38: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 40: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by Application
      • Exhibit 41: Market opportunity by Application ($ million)
      • Exhibit 42: Data Table on Market opportunity by Application ($ million)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 43: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 44: Data Table on Type - Market share 2022-2027 (%)
    • 7.2 Comparison by Type
      • Exhibit 45: Chart on Comparison by Type
      • Exhibit 46: Data Table on Comparison by Type
    • 7.3 Starter lead-acid battery - Market size and forecast 2022-2027
      • Exhibit 47: Chart on Starter lead-acid battery - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Data Table on Starter lead-acid battery - Market size and forecast 2022-2027 ($ million)
      • Exhibit 49: Chart on Starter lead-acid battery - Year-over-year growth 2022-2027 (%)
      • Exhibit 50: Data Table on Starter lead-acid battery - Year-over-year growth 2022-2027 (%)
    • 7.4 Deep-cycle lead-acid battery - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Deep-cycle lead-acid battery - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Data Table on Deep-cycle lead-acid battery - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Chart on Deep-cycle lead-acid battery - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Deep-cycle lead-acid battery - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Type
      • Exhibit 55: Market opportunity by Type ($ million)
      • Exhibit 56: Data Table on Market opportunity by Type ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 57: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Drivers, Challenges, and Trends

    • 9.1 Market drivers
      • 9.2 Market challenges
        • 9.3 Impact of drivers and challenges
          • Exhibit 58: Impact of drivers and challenges in 2022 and 2027
        • 9.4 Market trends

          10 Vendor Landscape

          • 10.1 Overview
            • 10.2 Vendor landscape
              • Exhibit 59: Overview on Criticality of inputs and Factors of differentiation
            • 10.3 Landscape disruption
              • Exhibit 60: Overview on factors of disruption
            • 10.4 Industry risks
              • Exhibit 61: Impact of key risks on business

            11 Vendor Analysis

            • 11.1 Vendors covered
              • Exhibit 62: Vendors covered
            • 11.2 Market positioning of vendors
              • Exhibit 63: Matrix on vendor position and classification
            • 11.3 Accumulatorenwerke HOPPECKE Carl Zoellner and Sohn GmbH
              • Exhibit 64: Accumulatorenwerke HOPPECKE Carl Zoellner and Sohn GmbH - Overview
              • Exhibit 65: Accumulatorenwerke HOPPECKE Carl Zoellner and Sohn GmbH - Product / Service
              • Exhibit 66: Accumulatorenwerke HOPPECKE Carl Zoellner and Sohn GmbH - Key offerings
            • 11.4 C and D Technologies Inc.
              • Exhibit 67: C and D Technologies Inc. - Overview
              • Exhibit 68: C and D Technologies Inc. - Product / Service
              • Exhibit 69: C and D Technologies Inc. - Key offerings
            • 11.5 EnerSys
              • Exhibit 70: EnerSys - Overview
              • Exhibit 71: EnerSys - Business segments
              • Exhibit 72: EnerSys - Key offerings
              • Exhibit 73: EnerSys - Segment focus
            • 11.6 Furukawa Electric Co. Ltd.
              • Exhibit 74: Furukawa Electric Co. Ltd. - Overview
              • Exhibit 75: Furukawa Electric Co. Ltd. - Product / Service
              • Exhibit 76: Furukawa Electric Co. Ltd. - Key offerings
            • 11.7 GS Yuasa International Ltd.
              • Exhibit 77: GS Yuasa International Ltd. - Overview
              • Exhibit 78: GS Yuasa International Ltd. - Business segments
              • Exhibit 79: GS Yuasa International Ltd. - Key news
              • Exhibit 80: GS Yuasa International Ltd. - Key offerings
              • Exhibit 81: GS Yuasa International Ltd. - Segment focus
            • 11.8 Guangdong Yuasa Battery Co. Ltd.
              • Exhibit 82: Guangdong Yuasa Battery Co. Ltd. - Overview
              • Exhibit 83: Guangdong Yuasa Battery Co. Ltd. - Product / Service
              • Exhibit 84: Guangdong Yuasa Battery Co. Ltd. - Key offerings
            • 11.9 PT Century Batteries Indonesia
              • Exhibit 85: PT Century Batteries Indonesia - Overview
              • Exhibit 86: PT Century Batteries Indonesia - Product / Service
              • Exhibit 87: PT Century Batteries Indonesia - Key offerings
            • 11.10 PT New Indobatt Energy Nusantara
              • Exhibit 88: PT New Indobatt Energy Nusantara - Overview
              • Exhibit 89: PT New Indobatt Energy Nusantara - Product / Service
              • Exhibit 90: PT New Indobatt Energy Nusantara - Key offerings
            • 11.11 PT Selatan Jadi Jaya
              • Exhibit 91: PT Selatan Jadi Jaya - Overview
              • Exhibit 92: PT Selatan Jadi Jaya - Product / Service
              • Exhibit 93: PT Selatan Jadi Jaya - Key offerings
            • 11.12 PT. Tri Mega Baterindo
              • Exhibit 94: PT. Tri Mega Baterindo - Overview
              • Exhibit 95: PT. Tri Mega Baterindo - Product / Service
              • Exhibit 96: PT. Tri Mega Baterindo - Key offerings
            • 11.13 PT. Trimitra Baterai Prakasa
              • Exhibit 97: PT. Trimitra Baterai Prakasa - Overview
              • Exhibit 98: PT. Trimitra Baterai Prakasa - Product / Service
              • Exhibit 99: PT. Trimitra Baterai Prakasa - Key offerings

            12 Appendix

            • 12.1 Scope of the report
              • 12.2 Inclusions and exclusions checklist
                • Exhibit 100: Inclusions checklist
                • Exhibit 101: Exclusions checklist
              • 12.3 Currency conversion rates for US$
                • Exhibit 102: Currency conversion rates for US$
              • 12.4 Research methodology
                • Exhibit 103: Research methodology
                • Exhibit 104: Validation techniques employed for market sizing
                • Exhibit 105: Information sources
              • 12.5 List of abbreviations
                • Exhibit 106: List of abbreviations

              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

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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