TechNavio recognizes the following companies as the key players in the Stationary Lead-acid Battery Market in South East Asia: PT GS Battery Inc., PT Nipress Tbk, Fengfan Co. Ltd., and Leoch International Technology Ltd.
Commenting on the report, an analyst from TechNavio’s team said: “Several countries across the globe are facing the problem of increasing power deficit as the demand for power is more than the power being generated. For instance, the demand for electricity in Indonesia increased from 149 terawatt hour in 2008 to 475 terawatt hour in 2010. As per the 2012 records, approximately 80 million people in Indonesia did not have access to elecricity. This depicts that there is an increase in the demand for electricity in Indonesia, and the current power generation capacity in the country is not enough to provide electricity to the entire population in the country. The demand for energy in Indonesia is expected to increase considerably by 2020. With the existing power generation capacity, it is not possible to meet the future power demand in the country. Given this scenario, one of the options left to meet such increasing demand is to store energy. The storage of energy helps maintain a backup to cater to the high demand in the future. Large-scale grid energy storage systems are likely to meet this demand. Since grid energy storage increasingly use SLA batteries, an increasing demand for SLA batteries is inevitable. Therefore, the growing demand for energy is expected to drive the growth of the SLA Battery market in Southeast Asia.”
According to the report, one of the major drivers is the increasing need for UPS systems, which is primarily driven by the demand for backup power to facilitate supply of uninterruptible power to various end-users. The increase in the need for UPS systems is also triggered by the increasing population and a simultaneous increase in the demand for power. As a result, the increase in the shipment of UPS systems will in turn have a positive impact on the growth of the SLA Battery market in Southeast Asia.
Further, the report states that one of the major challenges in this market is the decreasing price of UPS systems. As UPS systems are one of the major applications of SLA batteries, any factor that affects the UPS industry in Southeast Asia will inevitably affect the SLA Battery market in this geography. The UPS industry in Southeast Asia is currently experiencing increasing price cuts in UPS systems, primarily because of stiff competition; this is resulting to a reduction in UPS vendors’ profit margins.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are B.B. Battery Co. Ltd., Chloride Batteries S E Asia Pte Ltd. , FIAMM S.P.A., GS Yuasa Corp., and EnerSys Inc.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/stationary-lead-acid-battery-market-sout…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/energy
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TechNavio Announces the Publication of its Research Report -Stationary Lead-acid Battery Market in South East Asia 2012-2016
