Lead-acid Battery Market Value in Southeast Asia to Increase by Almost $2 Billion During 2020-2024 | Includes COVID-19 Impact Analysis | Technavio

23-Nov-2020 Intellasia | BusinessWire | 10:15 PM Print This Post

LONDON--(BUSINESS WIRE)--#LeadacidBatteryMarketinSoutheastAsia--The lead-acid battery market in Southeast Asia is expected to grow by USD 1.97 billion, progressing at a CAGR of almost 6% during the forecast period. The outbreak of the COVID-19 pandemic has left a negative impact on the growth of the market. The imposition of lockdowns in Southeast Asia resulted in a steep decline in electricity demand and oversupply of domestic power. This significantly affected the sales of lead-acid batteries. However, the market is expected to recover and post healthy growth after the control of the COVID-19 pandemic.



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The increasing deployment of microgrids is one of the major factors propelling the market growth. Microgrids are more resilient to natural calamities compared to traditional grids. They are capable of providing power to limited geography when the main grid fails. Besides, a major portion of rural and remote areas in Southeast Asia is still deprived of access to electricity. Through microgrids, utility companies able to provide electricity to these areas. The ongoing deployment of microgrids is increasing the demand for lead-acid batteries in Southeast Asia, thereby driving the market growth. However, factors such as li-ion batteries continue to grow in popularity of use will hamper the market growth.

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Lead-acid Battery Market: Type Landscape

Based on the application, the VRLA segment is going to have lucrative growth during the forecast period. About 25% of the market’s overall growth is expected to originate from this segment. Factors such as the increasing demand for sealed maintenance batteries in the developing countries, the rising usage of UPS, and the increasing sales of golf carts are driving the growth of the segment.

Lead-acid Battery Market: Application Landscape

Based on the application, the automotive segment led the market in 2019. The increase in domestic automotive production in Southeast Asian economies is crucial in driving the growth of the segment.

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Companies Covered:

  • C&D Technologies Inc.
  • East Penn Manufacturing Co. Inc.
  • EnerSys
  • Exide Industries Ltd.
  • Exide Technologies
  • Hankook Tire Co. Ltd.
  • Johnson Controls International Plc
  • PT Selatan Jadi Jaya
  • PT. Trimitra Baterai Prakasa
  • GS Yuasa International Ltd.

What our reports offer:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers market data for 2019, 2020, until 2024
  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Key Topics Covered:

Executive Summary

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • Automotive - Market size and forecast 2019-2024
  • Stationary - Market size and forecast 2019-2024
  • Motive - Market size and forecast 2019-2024
  • Market opportunity by Application

Market Segmentation by Type

  • Market segments
  • Comparison by Type
  • VRLA - Market size and forecast 2019-2024
  • FLA - Market size and forecast 2019-2024
  • Market opportunity by Type

Customer Landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • Thailand - Market size and forecast 2019-2024
  • Malaysia - Market size and forecast 2019-2024
  • Indonesia - Market size and forecast 2019-2024
  • Singapore - Market size and forecast 2019-2024
  • Rest of South-East Asia - Market size and forecast 2019-2024
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • C&D Technologies Inc.
  • East Penn Manufacturing Co. Inc.
  • EnerSys
  • Exide Industries Ltd.
  • Exide Technologies
  • Hankook Tire Co. Ltd.
  • Johnson Controls International Plc
  • PT Selatan Jadi Jaya
  • PT. Trimitra Baterai Prakasa
  • GS Yuasa International Ltd.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

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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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