The energy storage space in Indonesia is expected to grow significantly, with lead-acid batteries remaining a preferred choice for various applications due to their high energy density, long cycle life, and low maintenance requirements.
The Indonesia & Malaysia lead acid battery market was estimated at USD 3.8 billion in 2024. The market is expected to grow from USD 3.9 billion in 2025 to USD 5.3 billion in 2034, at a CAGR of 3.4%.
The Indonesia dominated the lead acid battery market with around 71.3% share in 2024 and generated USD 2.7 billion in revenue. Strong demand from the two-wheeler sector continues to fuel aftermarket sales of SLI batteries across rural and urban locations.
The Indonesia lead acid battery hold a largest share on account of increasing use in renewable energy storage in off-grid and rural solar systems. In semi urban areas, lead acid battery serves as reliable storage units for small-scale solar power generation integrated with inverters, which in turn will fuel product deployment.
The Indonesia & Malaysia lead acid battery market size surpassed USD 3.8 billion in 2024 and is estimated to grow at a CAGR of over 3.4% from 2025 to 2034, supported by demand in rural solar,
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