Indonesia Battery Market to be Dominated by the Automotive Segment Until 2028
Rising sales of consumer
electronics, such as mobile phones, laptops among others are likely to propel
the demand for the battery market across Indonesia.
According to TechSci Research report, “Indonesia
Battery Market- By Region, Competition Forecast & Opportunities, 2028F,” the Indonesia Battery Market is
expected to grow in the upcoming years due to the rising demand for
electricity, the growing demand for batteries in the automotive industry, and
the growing usage of portable electric devices including drones, tablets, among
others. Additionally, increasing the usage of electric cars is another aspect
that is anticipated to present profitable opportunities for the major players
in the battery market across the country.
The number of households connected with
electricity continues to grow in Indonesia, owing to the increasing level of
electrification in the country. Electric car production and EV use are part of
the government’s strategy to promote and implement electrification in
Indonesia. Indonesia targets to manufacture 400,000 electric vehicles (EV) by
2025, 600,000 EV by 2030, and 1,000,000 EVs in 2035, based on the electric
vehicle production plan adopted by the Government of Indonesia in July 2021.
The Indonesian EV sector is in its early stages. In 2019, only 15,000 electric
vehicles were put on the market, amounting to just 0.2% of total vehicle sales
for that year. However, McKinsey estimates that there will be a substantial
increase in EV sales over the coming years.
Browse over XX market data Figures
spread through XX Pages and an in-depth TOC on the "Indonesia Battery Market."
The Indonesia Battery Market is
segmented into type, chemistry, applications, region and competitive landscape.
Based on type, the market is divided into primary battery and secondary
battery. Based on Chemistry, the market is divided into lithium-ion, lead-acid,
zinc-manganese dioxide, nickel-metal hydride, and others. Based on application,
the market is segmented into automotive, industrial, and portable. Based on
region, the market is divided into Java, Sumatra, Kalimantan, Bali, and Others.
Based on application, the automotive
segment had the largest market share in 2022. Automotive is the dominating
application owing to the large use of lead-acid batteries in vehicles. Also,
the automotive sector will be one of the major end-user segments for
lithium-ion batteries due to an increasing adoption of electric vehicles across
the country. Additionally, the nation is focusing on reducing its dependence on
fossil fuels & coal and focusing on clean energy. Rising prices of petrol
& diesel are one of the leading changes in the automotive sector.
Therefore, the automotive segment is expected to rise in the upcoming years,
and the demand for battery market is expected to boost during the 2024-2028F.
Based on chemistry, the lead-acid
battery held the largest market share in 2022. Starting Lighting Ignition (SLI)
batteries are mostly lead-acid batteries used in cars (except electric
vehicles). A significant fraction of the lead-acid battery is used for SLI
applications. SLI batteries are employed in automobiles to start the engines.
Though they are not used in deep discharge applications, they are excellent for
applications that require high currents for a short period of time. More than
60% of the market is led by lead-acid batteries in automotive applications.
Automotive (excluding electric vehicles) batteries are mostly SLI batteries.
Additionally, the lead-acid batteries can be employed for various purposes
including power steering, power locking, power window systems, vehicle
entertainment systems, among others.
Key market players in the Indonesia Battery
Market include:
- PT. Yuasa
Battery Indonesia
- PT Century
Batteries Indonesia
- FPT Furukawa
Electric Indonesia
- Contemporary
Amperex Technology Co. Limited
- PT Motobatt
Indonesia
- PT FDK
Indonesia
- PT. New
Indobatt Energy Nusantara
- Energizer
Holdings Inc
- PT Battery
Technology Indonesia (TWS)
- PT. Trimitra
Battery Prakasa
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“The Indonesia Battery market is
expected to boost in the upcoming years owing to the rising population,
urbanization, increasing usage of electric vehicles, and the rising usage of
electronic products, including tablets, smartwatches, and smart gadgets, among
others. Indonesia has commitments to reduce CO2 emissions by as much as 29% or
around 303 million tons by 2030. As carbon emissions and dependency on fossil
energy have become major concerns in Indonesia, the introduction of EVs is seen
as a possible solution, which is likely to provide significant opportunities
for the battery market. Furthermore, one of the global market players named
Contemporary Amperex Technology Co Ltd has invested around USD 6 billion and
aims to manufacture batteries, recycle, and mine materials across the country.
Therefore, the Indonesia Battery Market is expected to boost in the upcoming
years as well," said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
“Indonesia
Battery Market By Type (Primary Battery, Secondary Battery), By Chemistry
(Lithium-Ion, Lead-Acid, Zinc-Manganese Dioxide, Nickel-Metal Hydride, Others),
By Application (Automotive, Industrial, Portable), By Region, Competition
Forecast & Opportunities, 2029F,” has evaluated the future growth
potential of Indonesia Battery Market and provides statistics & information
on market size, structure, and future market growth. The report's goal is to
give current market knowledge and assist decision-makers in making informed
investment decisions. Furthermore, the study identifies and analyzes emerging
trends and key drivers, challenges, and opportunities in the Indonesia Battery Market.
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