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%.
Lead-acid batteries remain the dominant choice in Indonesia's battery market due to their cost-effectiveness and mature technology. However, their use comes with environmental and health concerns as they contain toxic lead oxide. The growth of industries, particularly automotive, has driven up demand for lead-acid batteries.
The telecom sector and wireless telecom industry in Indonesia are significant contributors to the Lead-Acid battery market growth. The need for uninterrupted power supply in telecommunications is essential for network reliability and customer satisfaction. Lead-Acid batteries provide this requirement, making them indispensable in this sector.
The project represents nearly USD 6 billion investment and spans over 2,000 hectares. It covers the entire battery value chain, including nickel mining, processing, battery material production, recycling, and battery manufacturing. The motive lead acid battery market will project at a CAGR of over 3.5% till 2034.
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