Lead-Acid Battery Market in Southeast Asia to Grow by USD 1.3 Billion from 2025-2029, Driven by Growth in Automotive Market, Report on Market Evolution Powered by AI - Technavio

NEW YORK, Feb. 13, 2025 /PRNewswire/ -- Report on how AI is driving market transformation - The lead-acid battery market in southeast asia and it is set to grow by USD 1.3 billion from 2025 to 2029. However, the growth momentum will progressing at a CAGR of almost 6.8% during the forecast period, according to Technavio. The lead-acid battery market in southeast asia is fragmented, and the vendors are seeking strong partnerships with automotive, industrial, and commercial companies to compete in the market. Accumulatorenwerke HOPPECKE Carl Zoellner and Sohn GmbH, ACE Green Recycling Inc., C and D Technologies Inc., Contemporary Amperex Technology Co. Ltd., East Penn Manufacturing Co. Inc., EnerSys, Exide Industries Ltd., Furukawa Electric Co. Ltd., Gravita India Ltd., GS Yuasa International Ltd., Hankook Tire and Technology Co. Ltd., Johnson Controls International Plc, Leoch International Technology Ltd., Narada Asia Pacific Pte. Ltd., Panasonic Holdings Corp., PT Century Batteries Indonesia, PT New Indobatt Energy Nusantara, PT Selatan Jadi Jaya, PT. Tri Mega Baterindo, and PT Trimitra Baterai Prakasa are some of the major market participants -. To know about the vendor offerings - Request a sample report

Lead-Acid Battery Market in Southeast Asia 2025-2029: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The lead-acid battery market in southeast asia report covers the following areas:

    --  Lead-Acid Battery Market in Southeast Asia Size
    --  Lead-Acid Battery Market in Southeast Asia Trends
    --  Lead-Acid Battery Market in Southeast Asia Industry Analysis
    --  Porter's Five Forces Analysis
    --  Customer Landscape

The lead-acid battery market in southeast asia is fragmented, and the degree of fragmentation will accelerate. The significant growth in automotive market will offer immense growth opportunities. However, the Drawbacks of lead-acid batteries will hamper the market growth

Lead-Acid Battery Market in Southeast Asia 2025-2029: Drivers & Challenges

The transportation industry in Southeast Asia, particularly in countries like Indonesia, is experiencing significant growth due to increasing urbanization and population expansion. This trend is driving the production of more automobiles, including cars and buses, which in turn increases the demand for lead-acid batteries. These batteries are essential for starting and lighting the vehicles' engines, making them an indispensable component in the automotive sector. As the number of vehicles on the road continues to rise, the demand for lead-acid batteries will follow suit, providing opportunities for growth in this market.

Lead-acid batteries hold a significant market share in Southeast Asia due to their affordability and mature technology compared to alternatives like lithium-ion and nickel-metal hydride batteries. However, the use of lead-acid batteries comes with environmental and health concerns, as they contain toxic lead oxide. The automotive industry's growth in countries like Indonesia has driven up demand for these batteries, which are widely used as power sources. Despite the availability of safer alternatives, many industries continue to rely on lead-acid batteries due to cost constraints.

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This lead-acid battery market in southeast asia report extensively covers market segmentation by

    --  Type
        --  FLA Batteries
        --  VRLA Batteries
    --  Application
        --  Automotive
        --  Industrial
        --  Others
    --  Geography
        --  Southeast Asia

1.1 FLA batteries- The lead-acid battery market in Southeast Asia primarily utilizes the flooded method for its battery technology. This method is favored due to its affordability and reliability, making it suitable for various applications in the automotive, industrial, and standby power sectors. The expanding automotive and industrial industries in the region, where flooded lead-acid batteries are commonly used in automobiles, renewable energy storage, and backup power solutions, are propelling the market's growth. Notable brands like GS Yuasa, Exide, and Century Batteries cater to the region's diverse energy storage needs by producing and supplying customized flooded lead-acid batteries. The flooded method's proven performance, economic viability, and adaptability to a broad range of applications make it the preferred choice in Southeast Asia's evolving energy landscape, ensuring the market's continued expansion during the forecast period.

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Lead-Acid Battery Market in Southeast Asia 2025-2029: Key Highlights

    --  CAGR of the market during the forecast period 2025-2029
    --  Detailed information on factors that will assist lead-acid battery
        market in southeast asia growth during the next five years
    --  Estimation of the lead-acid battery market in southeast asia size and
        its contribution to the parent market
    --  Predictions on upcoming trends and changes in consumer behavior
    --  The growth of the lead-acid battery market in southeast asia across
        Southeast Asia
    --  Analysis of the market's competitive landscape and detailed information
        on vendors
    --  Comprehensive details of factors that will challenge the growth of
        lead-acid battery market in southeast asia vendors

     
              Lead-Acid Battery Market In Southeast Asia Scope



     Report Coverage                                             
      Details



     Base year                                                                                                                                                                             2024



     Historic period                                             
      2017-2021



     Forecast period                                             
      2025-2029


      Growth momentum & CAGR                                                                                                                                        Accelerate at a CAGR of 6.8%


      Market growth 2025-2029                                     
      USD 1297.7 million



     Market structure                                            
      Fragmented


      YoY growth 2022-2023 (%)                                                                                                                                                              6.3



     Regional analysis                                           
      Southeast Asia


      Performing market
       contribution                                                                                                                                                       Southeast Asia at 100%



     Key countries                                               
      Thailand, Malaysia, Indonesia, Singapore, and Rest of Southeast Asia


      Competitive landscape                                       
      Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks


                                                                    Accumulatorenwerke HOPPECKE Carl Zoellner and Sohn GmbH, ACE Green Recycling Inc., C and D Technologies Inc., Contemporary
                                                                      Amperex Technology Co. Ltd., East Penn Manufacturing Co. Inc., EnerSys, Exide Industries Ltd., Furukawa Electric Co. Ltd.,
                                                                      Gravita India Ltd., GS Yuasa International Ltd., Hankook Tire and Technology Co. Ltd., Johnson Controls International Plc,
                                                                      Leoch International Technology Ltd., Narada Asia Pacific Pte. Ltd., Panasonic Holdings Corp., PT Century Batteries
      Key companies profiled                                          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.


      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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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides 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 across 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.

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