What is the market share of lead acid batteries in Southeast Asia?

Lead acid batteries continue to dominate the Southeast Asian battery market, holding approximately 65% market share in 2024. This dominance is primarily driven by the automotive industry and data centers, which extensively use lead acid batteries for power storage applications.

What is Southeast Asia battery market?

The Southeast Asia Battery Market report segments the industry into Battery Type (Lead-acid Battery, Lithium-ion Battery, Other Battery Types), End-User (Automotive, Data Centers, Telecommunication, Energy Storage, Other End-Users), and Geography (Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, Myanmar, Rest of Southeast Asia).

Why is the lithium-ion battery segment growing in Southeast Asia?

The lithium-ion battery segment is experiencing rapid growth in the Southeast Asian market, driven by increasing adoption in electric vehicles and energy storage applications. The segment's growth is propelled by its favorable capacity-to-weight ratio technology, which significantly influences market dynamics.

What are the key players in the Southeast Asian battery market?

The Southeast Asian battery market features prominent global players like BYD Company, Tesla, GS Yuasa, Panasonic, and Samsung SDI alongside regional specialists. These companies are increasingly focusing on product innovation, particularly in lithium-ion technology and energy storage solutions for renewable integration.

Why are lead-acid batteries important in ASEAN?

The country ranks among the top automotive producers in ASEAN, making lead-acid batteries essential for vehicle applications. Additionally, lead-acid batteries are increasingly used for power backup in data centres, a sector experiencing significant growth.

Is Indonesia a good place to buy lead-acid batteries?

The country’s high vehicle production and registration rates have created sustained demand for both new and replacement lead-acid batteries. As per the ASEAN Automotive Federation, Indonesia ranked second in ASEAN-6 in terms of motor vehicle production in 2022, indicating a robust market for these batteries.