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Insights on the Lead-Acid Battery Market in Southeast Asia 2020-2024 | COVID-19 Analysis, Drivers, Restraints, Opportunities and Threats | Technavio


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.

More details: www.technavio.com/report/lead-acid-battery-market-in-southeast-asia-industry-analysis?

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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Lead-acid Battery Market in Southeast Asia 2020-2024: Key Highlights

Table of Contents:

Executive Summary

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation by Application

Market Segmentation by Type

Customer Landscape

Geographic Landscape

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendor Analysis

Appendix

For more information about this report visit www.technavio.com/report/lead-acid-battery-market-in-southeast-asia-industry-analysis?

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