Market Forecast By Type (Flooded Lead Acid Batteries, Sealed Lead Acid Batteries), By End User (Automotive, Oil & Gas, Utilities, Telecommunications, Construction, Marine, Others), By Application (Portable-Rechargeable, Stationary, Motive/Traction, Others) And Competitive Landscape
Product Code: ETC266129 | Publication Date: Aug 2022 | Updated Date: Jan 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The Philippines Lead Acid Battery Market is projected to witness mixed growth rate patterns during 2025 to 2029. The growth rate begins at 12.16% in 2025, climbs to a high of 16.30% in 2028, and moderates to 13.77% by 2029.
By 2027, the Lead Acid Battery market in Philippines is anticipated to reach a growth rate of 16.22%, as part of an increasingly competitive Asia region, where China remains at the forefront, supported by India, Japan, Australia and South Korea, driving innovations and market adoption across sectors.
In the year 2021, Viet Nam was the largest exporter in terms of value, followed by China. It has registered a decline of -8.57% over the previous year. While China registered a growth of 2.16% as compare to the previous year. In the year 2017 Viet Nam was the largest exporter followed by China. In term of Herfindahl Index, which measures the competitiveness of countries exporting, Philippines has the Herfindahl index of 2778 in 2017 which signifies high concentration also in 2021 it registered a Herfindahl index of 2560 which signifies high concentration in the market.
Philippines Lead Acid Battery Market report thoroughly covers the market by type, by end-user, and by application. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Philippines Lead Acid Battery Market is projected to increase due to the growth in the automotive industry and the rising demand for backup power solutions for increasing smartphone and internet usage. In recent years, the country has become a hub for increasing demand for lead-acid batteries in automotive, telecommunications, and military & defense sectors.
According to 6Wresearch, the Philippines Lead Acid Battery Market size is expected to grow at a CAGR of 6.7% during the forecast period of 2025-2031. One of the primary drivers of the growth of the Philippines lead-acid battery market is the growing demand for automobiles. The automotive industry is growing at an exponential rate and the demand for batteries is anticipated to grow proportionally. Additionally, rising demand for backup power solutions for smartphones and internet usage is another key driver proliferating the Philippines Lead Acid Battery Market Share. One of the significant trends in the lead-acid battery industry is the surging demand for sealed lead-acid batteries, which provide better storage, and are safer to use. However, the competition from other battery technologies such as lithium-ion batteries, which are more efficient and have a longer lifespan poses significant challenge to the market. Furthermore, the lack of proper disposal methods of used lead-acid batteries is a significant environmental concern and poses a challenge for the industry. Nevertheless, the Philippines lead-acid battery market presents significant opportunities for growth, as the demand for backup power solutions is increasing with the growing adoption of smartphones and the internet. Additionally, with the growing demand for renewable energy sources, the demand for lead-acid batteries for solar energy storage is projected to rise.
The government of Philippines has introduced key policies and schemes to boost the development and Philippines Lead Acid Battery Market Growth. The government is continuously promoting domestic lead acid battery production to reduce importation costs and to reduce lead pollution resulting from inopportune disposal of lead batteries. Maximum levels of lead content have also been conventional in batteries in compliance with international environmental conventions and to protect the health of the users. Further, the Department of Environment and Natural Resources (DENR) introduced a program for proper e-waste disposal and management. The main aim of this scheme is to protect the environment by putting in place sound environmental policies to alleviate the influence of e-waste on ecosystems.
The Philippines Lead Acid Battery Industry is majorly dominated by Century Pacific Group, Stored Energy Technology Corporation, and Green & Gold Energy Philippines Inc. These companies offer high-quality manufacturing standards and commitment to producing cost-competitive batteries.
According to Nikhil Arora, Senior Research Analyst, 6Wresearch, the Telecom sector is expected to be the majorly growing segment in the market due to the surging demand for telecom services and infrastructural developments.
In terms of Application, the Stationary segment hold the dominant position in the market, driven by increased adoption for uninterrupted power supply in the Telecom and Industrial sectors. The Motive/Traction segment is also gaining traction, primarily due to the growing automotive industry and the aviation industry.
The report offers a comprehensive study of the subsequent market segments:
By End User
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Lead Acid Battery Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Lead Acid Battery Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Lead Acid Battery Market - Industry Life Cycle |
3.4 Philippines Lead Acid Battery Market - Porter's Five Forces |
3.5 Philippines Lead Acid Battery Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Philippines Lead Acid Battery Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.7 Philippines Lead Acid Battery Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Philippines Lead Acid Battery Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Lead Acid Battery Market Trends |
6 Philippines Lead Acid Battery Market, By Types |
6.1 Philippines Lead Acid Battery Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Lead Acid Battery Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Philippines Lead Acid Battery Market Revenues & Volume, By Flooded Lead Acid Batteries, 2021 - 2031F |
6.1.4 Philippines Lead Acid Battery Market Revenues & Volume, By Sealed Lead Acid Batteries, 2021 - 2031F |
6.2 Philippines Lead Acid Battery Market, By End User |
6.2.1 Overview and Analysis |
6.2.2 Philippines Lead Acid Battery Market Revenues & Volume, By Automotive, 2021 - 2031F |
6.2.3 Philippines Lead Acid Battery Market Revenues & Volume, By Oil & Gas, 2021 - 2031F |
6.2.4 Philippines Lead Acid Battery Market Revenues & Volume, By Utilities, 2021 - 2031F |
6.2.5 Philippines Lead Acid Battery Market Revenues & Volume, By Telecommunications, 2021 - 2031F |
6.2.6 Philippines Lead Acid Battery Market Revenues & Volume, By Construction, 2021 - 2031F |
6.2.7 Philippines Lead Acid Battery Market Revenues & Volume, By Marine, 2021 - 2031F |
6.3 Philippines Lead Acid Battery Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Philippines Lead Acid Battery Market Revenues & Volume, By Portable-Rechargeable, 2021 - 2031F |
6.3.3 Philippines Lead Acid Battery Market Revenues & Volume, By Stationary, 2021 - 2031F |
6.3.4 Philippines Lead Acid Battery Market Revenues & Volume, By Motive/Traction, 2021 - 2031F |
6.3.5 Philippines Lead Acid Battery Market Revenues & Volume, By Others, 2021 - 2031F |
7 Philippines Lead Acid Battery Market Import-Export Trade Statistics |
7.1 Philippines Lead Acid Battery Market Export to Major Countries |
7.2 Philippines Lead Acid Battery Market Imports from Major Countries |
8 Philippines Lead Acid Battery Market Key Performance Indicators |
9 Philippines Lead Acid Battery Market - Opportunity Assessment |
9.1 Philippines Lead Acid Battery Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Philippines Lead Acid Battery Market Opportunity Assessment, By End User, 2021 & 2031F |
9.3 Philippines Lead Acid Battery Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Philippines Lead Acid Battery Market - Competitive Landscape |
10.1 Philippines Lead Acid Battery Market Revenue Share, By Companies, 2024 |
10.2 Philippines Lead Acid Battery Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |