Indonesia Battery Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The Indonesia battery market is expected to grow at a CAGR of more than 5.6% during the forecast period of 2020-2025. Factors such as the easy availability of raw materials, an increase in demand for industrial applications, and automobiles are driving the Indonesia battery market. In addition, the growing population, and increasing sales of consumer electronics such as mobile phones, laptops, etc. are likely to boost the battery market growth in the country. However, factors such as demand-supply mismatch of raw materials in the wake of the COVID-19 pandemic is likely to restrain the battery market.
Key HighlightsThe Indonesia battery market is moderately consolidated. Some of the major key players in the market include PT Yuasa Battery Indonesia, PT Century Batteries Indonesia, PT Furukawa Indomobil Battery Manufacturing, NIPRESS Tbk, and PT Motobatt Indonesia.
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