Lewes, DE -- (SBWIRE) -- 09/29/2017 -- Report forecast the lead-acid battery market in southeast Asia to grow at a CAGR of 8.52% during the period 2017-2021.

Batteries are technologies that are used to provide energy to the application or equipment they are used in. Lead-acid batteries are designed to lower internal resistance and maximize current paths. They can be serviced, and are maintenance-free and have maximum usable power. Valve regulated lead-acid (VRLA) and flooded lead-acid (FLA) batteries are the two popular types in industrial use. VRLA batteries are designed to deliver extended runtime without the need for high-specific gravity electrolytes.

The report covers the present scenario and the growth prospects of the lead-acid battery market in southeast Asia for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

According to the report, one driver in the market is increasing deployment of microgrids. 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, microgrid often involves 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.

Further, the report states that one challenge in the market is Li-ion batteries continue to grow in popularity of use. The Li-ion battery market is gaining momentum and is growing rapidly in the global battery market. Li-ion batteries offer high energy density and allow for opportunity charging during work cycle without affecting the battery life, thus providing a longer run time. In addition, they are preferred in the food and beverage industry over lead-acid batteries as their capacity is unaffected at low temperatures. The advantages of Li-ion batteries are adding to their popularity and displacing lead-acid batteries in industrial use.

Lead-acid Battery Market in Southeast Asia 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the lead-acid battery market in southeast Asia: East Penn Manufacturing, EnerSys, Exide Technologies, Yuasa, and C&D Technologies.

Other Prominent Vendors in the market are: Johnson Controls, ATLASBX, EXIDE INDUSTRIES, Amara Raja, PT. Gramitrama Battery, PT Century Batteries Indonesia, PT. Nipress, Tbk, Powerplus, PT Indobatt Industri Permai, PT Selatan Jadi Jaya, PT Tri Mega Baterindo, PT. Trimitra Baterai Prakasa, World Star Battery Indonesia, and Solar Power Indonesia.

Market driver
- Increasing deployment of microgrids
- For a full, detailed list, view our report

Market challenge
- Li-ion batteries continue to grow in popularity of use
- For a full, detailed list, view our report

Market trend
- Hybrid power systems implementation in telecom towers
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?

Spanning over 79 pages "Lead-acid Battery Market in Southeast Asia 2017 - 2021" report covers Executive summary, Introduction, Scope of the report, Research Methodology, Market landscape, Market segmentation by application, Market segmentation by product type, Decision framework, Drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

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