Indonesia Battery Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The Indonesia Battery Manufacturer's Market is segmented by Technology (Lithium-ion Battery, Lead-acid Battery, and Other Technologies) and Application (SLI Batteries, Industrial Batteries [Motive and Stationary (Telecom, UPS, Energy Storage Systems (ESS), etc.)], Portable Batteries [Consumer Electronics, etc.], Automotive Batteries [HEV, PHEV, and EV], and Other Applications). The report offers the market size and forecasts in revenue (USD billion) for all the above segments.

Indonesia Battery Market Size

Indonesia Battery Market Summary
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Study Period 2019 - 2028
Base Year For Estimation 2022
Forecast Data Period 2023 - 2028
Historical Data Period 2018 - 2021
CAGR > 5.60 %
Market Concentration Medium

Major Players

Indonesia Battery Market Major Players

*Disclaimer: Major Players sorted in no particular order


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Indonesia Battery Market Analysis

The Indonesia battery market is expected to register a CAGR of more than 5.6% during the forecast period.

COVID-19 moderately impacted the market in 2020. Currently, the market has reached pre-pandemic levels.

  • Over the medium period, the easy availability of raw materials, an increase in demand for industrial applications, and the automotive sector are expected to drive 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 market growth in the country. Upcoming battery manufacturing facilities and increasing demand for electric vehicles are likely to drive the Indonesia battery market during the forecast period.
  • On the other hand, recently, the battery market has seen widespread adoption of lithium-ion batteries due to their declining costs and increasing energy density. However, Indonesia does not have significant lithium deposits to exploit and has to rely on imports, which could restrain the market during the forecast period.
  • Indonesia has commitments to reduce CO2 emissions by as much as 29% or around 303 million tons by 2030. As carbon emissions and dependency on fossil energy have become major concerns in Indonesia, the introduction of EVs is seen as a possible solution, which is likely to provide significant opportunities for the battery market.

Indonesia Battery Market Trends

This section covers the major market trends shaping the Indonesia Battery Market according to our research experts:

Lithium-ion Battery Technology is Likely to Witness Significant Growth

  • The lithium-ion battery segment is expected to grow significantly during the forecast period due to its high energy density, fast recharging capability, and high discharge power. Lithium-ion batteries are the only available technology that meets OEM requirements for vehicle driving range and charging time.
  • Indonesia is witnessing strong growth in the demand for 4G-enabled smartphones, mainly due to their availability in the ultra-low-end (<USD 100) segment. This has resulted in an increase in the demand for lithium-ion batteries in the domestic battery market of Indonesia, which has propelled the demand for batteries in the market during the forecast period. Furthermore, the low cost is expected to drive the sale of smartphones, thus driving the demand for the market studied.
  • Indonesia has an abundance and wide variety of renewable energy resources. Therefore, the government has set ambitious targets for renewable energy to meet its targets of greenhouse gas emissions in the energy sector and increase national energy security. The National Energy Policy (KEN) and Plan (RUEN) are planning to generate 23% of the total energy consumption from renewable energy resources by 2025, and the draft of the National Electricity Plan (RUKN) targets to generate 25% of renewable electricity for the power sector by 2025. The renewable energy capacity reached 11.15 GW in 2021, with a growth rate of 6.18% from the previous year. Thus, such government initiatives are likely to drive the battery market in the country during the forecast period.
  • In November 2022, Indonesia announced the construction of a lithium refinery and an anode material production plant to supplement its nickel-based battery materials sector to establish itself as a center for producing electric vehicles (EVs).
  • Thus, lithium-ion battery technology is likely to witness significant growth due to immense benefits over other batteries, increasing investments in setting up manufacturing facilities and the growing renewable sector in the country.
Indonesia Battery Market: Renewable Energy Instaled Capacity, in GW, 2012-2021

Upcoming Manufacturing Facilities and Increasing Demand for Electric Vehicles are Driving the Market Demand

  • Indonesia has seen increased investments in the battery market, majorly in the form of manufacturing facilities, owing to an increase in the number of electric vehicles in the country.
  • For instance, in January 2022, Hon Hai and Gogoro signed a Memorandum of Understanding (MoU) on electric vehicle development in Indonesia. Beyond the cooperation on electric vehicle development, the MoU also aims to form a battery supply chain in Indonesia.
  • In April 2022, the Contemporary Amperex Technology (CATL) of China announced a preliminary deal to invest in producing electric vehicle (EV) batteries and related raw materials with two state-owned Indonesian enterprises. The three companies intended to build a USD 6 billion integrated battery supply chain, including nickel mining and processing, battery material production, battery manufacturing, and recycling. The nickel processing operations would be based at the FHT Industrial Park in Halmahera, Indonesia's North Maluku Province, with additional operations spread around the country.
  • In July 2022, Toyota Motor Corp. of Japan announced an investment of USD 1.80 billion in Indonesia over the next five years to produce electric vehicles.
  • The Association of Indonesia Automotive Industries reports that Indonesian electric car sales jumped to over 10,000 vehicles in 2022 from around 600 in 2021. Similarly, 887,205 motor vehicles were sold in Indonesia in 2021, an increase of approximately 532,000 units from 2020.
Indonesia Battery Market: Vehicles Sales, in Units, Indonesia, 2012-2021

Indonesia Battery Industry Overview

The Indonesia battery market is moderately consolidated. Some of the major key players in the market (not in a particular order) include GS Yuasa Corporation, PT Century Batteries Indonesia, The Furukawa Battery Co., Ltd, PT Motobatt Indonesia, and Contemporary Amperex Technology Co. Limited,, among others

Indonesia Battery Market Leaders

  1. PT Century Batteries Indonesia

  2. Contemporary Amperex Technology Co. Limited,

  3. GS Yuasa Corporation

  4. The Furukawa Battery Co., Ltd

  5. PT Motobatt Indonesia

*Disclaimer: Major Players sorted in no particular order

Indonesia Battery Market Concentration.png

Indonesia Battery Market News

  • In January 2023, Tesla announced that the company was close to signing a preliminary agreement to build a factory in Indonesia. Under the contract, the company will establish a factory designed for an annual production of one million electric cars.
  • In June 2022, Korean Trade Insurance Corporation (K-Sure) approved a USD 711 million term loan facility to support the development of a battery manufacturing facility in Indonesia for electric vehicles (EVs)

Indonesia Battery Market Report - Table of Contents


    1. 1.1 Scope of the Study

    2. 1.2 Market Definition

    3. 1.3 Study Assumptions




    1. 4.1 Introduction

    2. 4.2 Market Size and Demand Forecast in USD billion, till 2028

    3. 4.3 Recent Trends and Developments

    4. 4.4 Government Policies and Regulations

    5. 4.5 Market Dynamics

      1. 4.5.1 Drivers

      2. 4.5.2 Restraints

    6. 4.6 Supply Chain Analysis

    7. 4.7 PESTLE Analysis


    1. 5.1 Technology

      1. 5.1.1 Lithium-ion Battery

      2. 5.1.2 Lead-acid Battery

      3. 5.1.3 Other Technologies

    2. 5.2 Application

      1. 5.2.1 SLI Batteries

      2. 5.2.2 Industrial Batteries (Motive, Stationary (Telecom, UPS, Energy Storage Systems (ESS), etc.)

      3. 5.2.3 Portable Batteries (Consumer Electronics, etc.)

      4. 5.2.4 Automotive Batteries (HEV, PHEV, and EV)

      5. 5.2.5 Other Applications


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Strategies Adopted by Leading Players

    3. 6.3 Company Profiles

      1. 6.3.1 GS Yuasa Corporation

      2. 6.3.2 PT Century Batteries Indonesia

      3. 6.3.3 The Furukawa Battery Co., Ltd

      4. 6.3.4 Contemporary Amperex Technology Co. Limited

      5. 6.3.5 PT Motobatt Indonesia

      6. 6.3.6 FDK Corporation

      7. 6.3.7 PT. New Indobatt Energy Nusantara

      8. 6.3.8 Energizer Holdings, Inc.

    4. *List Not Exhaustive

**Subject to Availability

Indonesia Battery Industry Segmentation

An electric battery is an electrical power source consisting of one or more electrochemical cells connected to external connections for powering electrical devices. When a battery supplies power, its positive terminal serves as the cathode, and its negative terminal serves as the anode.

The market is segmented by technology and application. By technology, the market is segmented into lead-acid batteries, lithium-ion batteries, and other technologies. By application, the market is segmented into SLI batteries, industrial batteries [Motive and Stationary (Telecom, UPS, Energy Storage Systems (ESS), etc.)], portable batteries [Consumer Electronics, etc.], automotive batteries [HEV, PHEV, and EV], and other applications. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD billion).

Lithium-ion Battery
Lead-acid Battery
Other Technologies
SLI Batteries
Industrial Batteries (Motive, Stationary (Telecom, UPS, Energy Storage Systems (ESS), etc.)
Portable Batteries (Consumer Electronics, etc.)
Automotive Batteries (HEV, PHEV, and EV)
Other Applications

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Indonesia Battery Market Research FAQs

The Indonesia Battery Market is projected to register a CAGR of greater than 5.6% during the forecast period (2023-2028).

PT Century Batteries Indonesia, Contemporary Amperex Technology Co. Limited,, GS Yuasa Corporation, The Furukawa Battery Co., Ltd and PT Motobatt Indonesia are the major companies operating in the Indonesia Battery Market.

Indonesia Battery Industry Report

Statistics for the 2023 Indonesia Battery market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Indonesia Battery analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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