LONDON--(BUSINESS WIRE)--#LeadacidBatteryMarketinSoutheastAsia--The lead-acid battery market size in Southeast Asia market size is expected to grow by USD 1.97 billion during 2020-2024, progressing at a CAGR of 6% during the forecast period. Download Free Sample Report

The increasing deployment of microgrids, and the hybrid power systems implementation in telecom towers are among the major factors propelling market growth. However, factors such as the growing popularity of li-ion batteries may hamper market growth.

The increasing deployment of microgrids will drive the lead-acid battery market growth in Southeast Asia during the forecast period. A microgrid is a small-scale, localized power station than can either operate independently or in congruence with the main central grid. As a way to incorporate renewables, microgrids often involve multiple energy resources such as solar, wind, biomass, geothermal, and fossil fuel generators. With the integration of renewable power sources, it can function as hybrid and operates independently to supply power to a local community, a university, or a military base, among others. This will necessitate the use of energy storage systems such as lead-acid batteries to compensate for the intermittency of renewables.

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Lead-Acid Battery Market in Southeast Asia: Type Landscape

Based on the type segmentation analysis, the VRLA batteries segment is expected to witness lucrative growth during the forecast period. This is mainly attributed to several 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.

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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
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• Covers market data for 2019, 2020, till 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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Lead-acid Battery Market in Southeast Asia 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist lead-acid battery market growth in Southeast Asia during the next five years
• Estimation of the lead-acid battery market size in Southeast Asiaand 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
• 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 vendors in Southeast Asia

Table of Contents:

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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