June 08, 2020
According to the research report titled ‘Indonesia & Malaysia Lead Acid Battery Market Size By Application, By Construction, By Sales Channel, Industry Analysis Report, Country Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2020 - 2026’, available with Market Study Report LLC, Indonesia & Malaysia lead acid battery market is expected to witness tremendous growth by the year 2026.
Lead acid batteries are cost effective in nature and are used widely in trucks, forklifts, submarines and automotive industry which is projected to drive the growth of Indonesia and Malaysia lead acid battery market in the coming years.
The lead acid battery converts chemical energy into electrical energy using sponge lead and lead peroxide. These batteries can store high amount of energy due to big sized body. The low cost and high voltage features of these batteries make them suitable for use in power stations.
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The lead acid batteries have applications in automobiles and inverters. These batteries are deployed in rechargeable car batteries which is further augmenting the demand for lead acid battery in Indonesia and Malaysia market.
Based on application, the market is bifurcated as stationary, motive, and SLI. Increasing demand for golf carts, forklifts, as well as electric vehicles will boost the growth of the Indonesia and Malaysia lead acid battery market.
The lead acid batteries are available in wide range of capacities and sizes for use in assorted applications.
Based on construction, the market is divided into VRLA and flooded. Introduction of power storage technologies like AGM VRLA battery is projected to proliferate demand from VRLA segment.
The VRLA batteries are considered free of maintenance and do not require any extra water or electrolyte. There are various types of VRLA batteries which includes front-access telecom cells and high-rate UPS replacement batteries.
With respect to the sales channel, the Indonesia and Malaysia lead acid battery market is divided into OEM and aftermarket. These batteries are affordable and have superior performance which is anticipated to increase the size of aftermarket segment.
The leading players for the lead acid Battery Market are Leoch International Technology Limited Inc., Amara Raja Batteries Limited, Cosmos Electronics (M) Sdn Bhd, Clarios, GPA Holdings Berhad, Yokohoma Industries Berhad, Coslight Technology International Group Ltd., Shandong Sacred Sun Power Sources Co. ltd, Exide Industries Limited, C&D Technologies Inc., Furukawa Battery Co., Ltd., Century Batteries Indonesia, PT Indobatt Industri Permai, and others.