South East Asia stationary lead-acid battery market: 8.6% CAGR growth forecast between 2012-2016

Press release   •   Aug 21, 2013 16:17 BST

The South East Asia stationary lead-acid battery market is to grow at a CAGR of 8.6 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing need for UPS systems to facilitate uninterruptible power supply to various end-users. The Stationary Lead-acid Battery market in Southeast Asia has also been witnessing an increasing demand for power. However, the decreasing price of UPS systems could pose a challenge to the growth of this market.

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.

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.

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