Indonesia Lithium-Ion Battery – Industry Analysis, Forecasts and Opportunity Assessment (2016-2023)
Report on Indonesia Lithium-Ion Battery – Industry Analysis, Forecasts and Opportunity Assessment (2016-2023)
Introduction to Indonesia Lithium-Ion Battery
Lithium-Ion Battery is a type of rechargeable battery with high energy density and high safety level. It is commonly used for portable electronic devices, power tools and hybrid/electric vehicles. With technological advancements, the Lithium-Ion batteries have undergone a tremendous transformation in their performance.
The growth of the Lithium-Ion Battery market in Indonesia will help them achieve innovative sustainable energy and this is a big reason why the Indonesian Government is trying to reduce the cost of producing Lithium-Ion Batteries.
The factors that affect the Lithium-Ion Battery Market are –
Move towards Sustainable Energy Sources and Renewable energy sources, the growth of portable lightweight electronic device market, the presence of a large number of key players, Encouragement from Indonesia Government; among other factors
The growth of the market for Renewable sources of energy
The growing awareness in Indonesia or even globally for that matter for the renewable sources of energy is driving the market for Wind Energy, Solar Energy and this also has an indirect positive impaction Lithium-Ion battery market. This is because Lithium-Ion batteries are used as an energy storage device in these energy sources.
The growth of Portable Electronic Device Market
The demand for portable Electronic devices such as lightweight Laptops, Mobile Phones, tablets, Phablets is only rising and that demand is also driving the Lithium-Ion Battery Market. Reason being that Lithium-Ion battery being high Energy Density and Energy Storing devices are used in such Portable Electronic Devices.
At present the Indonesian government has made it part of its strategic plan to reduce the cost of producing the Lithium-Ion batteries by using local resources, so that they can streamline the integration of Lithium-Ion batteries in their sustainable energy plans, feasibly.
Such Initiatives from Government also helps the Lithium-Ion Battery Market.
Growing Energy Demand
Indonesia is the country with the fourth largest population in the world and naturally, their energy consumption is high. The use of Electronic devices is also something that affects the Lithium-Ion Battery Market.
Large Deposits of Nickel and Cobalt
Indonesia has large deposits of Nickel and Cobalt and both Nickel and Cobalt are important raw materials in the Lithium-Ion battery. Thus the readily available raw materials in Indonesia is driving the Battery market forward in Indonesia.
Substitute products also affect the Lithium-Ion Battery Market. Some of the substitute products are Lead Acid Battery, Sodium Ion batteries, Flow Batteries.
Positive Investor Sentiments
There have been a lot of investments recently in the Lithium-Ion Battery Market of Indonesia. For example- Investors from China, Japan, South Korea have invested 4 billion US$ for a Lithium based battery project in Morowali, Indonesia. Similarly, a Chinese firm, GEM Co is planning to invest $700 million in a project to produce battery-grade Nickel Chemicals.
Indonesia’s own state-owned energy producer is planning to develop Lithium-Ion batteries and invest heavily. These investments and cash influx will drive the Lithium-Ion battery market in Indonesia.
The Lithium-Ion battery market can be segmented on the following basis:
- Aerospace and Defense
- Consumer Electronics
- Lithium Nickel Manganese Cobalt
- Lithium Iron Phosphate
- Lithium Cobalt Oxide
- Lithium Titanate Oxide
- Lithium Manganese Oxide
By Power Capacity
- 3000mAh to 10000mAh
- 10000mAh to 60000mAh
- More than 60000mAh
Type of Manufacturers
- Private-owned suppliers/manufacturers
- State-owned Suppliers/manufacturers
Indonesia’s state-owned Energy Producer- PERTAMINA, is investing heavily and plans to become the largest Lithium Battery Producer.
There are foreign players like Chinese Battery firm GEM Co Ltd, Taiwan’s PT Celxpert Indonesia, who are also operating in Indonesia.
Domestic private players include- Solar Power Indonesia, Yuasa Battery Indonesia, Nipress, among others.
- Indonesia Lithium-Ion Battery Market Segments
- Indonesia Lithium-Ion Battery Market Drivers, Restraints and Opportunities
- Indonesia Lithium-Ion Battery Market Size & Forecast 2016 to 2022
- Supply & Demand Value Chain
- Indonesia Lithium-Ion Battery Market Current Trends
- Competition & Major Companies
- Technology and R&D Status
- Porters Five Force Analysis
- Strategic and Critical Success Factor Analysis of Key Players
This report is an elaborate aggregation of primary inputs from industry experts and participants across the
supply chain. It provides in-depth market segmentation that is derived from extensive product mapping
exercises, macroeconomic factors and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
- Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
- Consumer and Pricing Analysis
- Market dynamics of the industry
- Market Segmentation
- Estimated Market Sizing in terms of volume and value
- Recent trends in Market and impact
- Research Status and Technology Overview
- Extensive Industry Structure Coverage