Malaysia Automotive Lead Acid Batteries Market Outlook

the malaysia automotive lead acid battery market outlook 2018 to 2032 has evolved rapidly with advances in battery technology such as active charge, deep cycling, vibration resistance, etc. however, the market still has its challenges such as emerging technologies that may disrupt the lead acid battery market share. moreover, shifting consumer preferences to automobiles with higher power output and greater mileage may also become a threat in the long run. the automotive sector in malaysia is witnessing rapid development, whereby increasing preference of drivers for electric vehicles and hybrid cars are expected to drive the demand for lead acid batteries in the near future. this is due to the increasing awareness of improved fuel efficiency and reduced emissions of electric vehicles and hybrid cars which are powered through lead acid batteries. moreover, government regulations to reduce fuel emission is positively influencing the demand for lead acid batteries in malaysia. malaysia's international trade and industry ministry (miti), has launched a number of incentives and programs to encourage the use of electric and semi-electric cars, which include reducing the import duties for such vehicles. the government also aims to increase the amount of energy generated from renewable sources, in order to reduce air pollution. with the increase in the popularity of electric vehicles, the malaysian government is encouraging global automakers to set up manufacturing units locally in order to reduce their overall carbon footprints. this is expected to further drive the development of lead acid batteries in malaysia as these vehicles will need batteries to function. furthermore, the growth of the automotive lead acid battery market in malaysia is being boosted by the increasing demand for renewable energy sources, as well as the need to replace the traditional lead acid batteries with lithium-ion battery packs, which are light weight and more efficient. this is expected to increase the demand for lead acid batteries in the coming years. overall, recent advancements in battery technology are expected to bring about a significant shift in the lead acid battery market in malaysia, driving its overall development in the near future. the malaysian government and industry players are working to bring about the desired development in the automotive lead acid battery market.