Middle East And Africa Battery Market Size (2024 - 2029)

The Middle-East and Africa battery market is projected to experience significant growth over the forecast period, driven by factors such as the decreasing costs of lithium-ion batteries, the rising adoption of electric vehicles, and the expanding renewable energy sector. The increasing demand from data centers, which are becoming essential for cloud services, further contributes to the market's expansion. Despite challenges like the demand-supply imbalance of raw materials, opportunities are emerging, particularly in developing countries where energy storage with solar PV is gaining traction. The United Arab Emirates is anticipated to lead the market due to its high consumption of consumer electronics among a young and diverse population.

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Market Size of Middle East And Africa Battery Industry

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Middle East And Africa Battery Market Summary
Study Period 2020-2029
Base Year For Estimation 2023
Market Size (2024) USD 7.06 Billion
Market Size (2029) USD 9.98 Billion
CAGR (2024 - 2029) 7.00 %
Market Concentration Low

Major Players

Middle East And Africa Battery Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Middle East And Africa Battery Market Analysis

The Middle East And Africa Battery Market size is estimated at USD 7.06 billion in 2024, and is expected to reach USD 9.98 billion by 2029, growing at a CAGR of greater than 7% during the forecast period (2024-2029).

  • The major factors driving the Middle-East and Africa battery market include declining lithium-ion battery prices, increasing adoption of electric vehicles, and growing renewable sector. Also, increasing demand from data centers is likely to drive the market as data centers are evolving digital infrastructures for cloud services, and the next generation of cloud services may be adapted to incorporate a blockchain network.
  • However, the demand-supply mismatch of raw materials is likely to hinder the market growth.
  • The use of energy storage with solar PV has been gaining popularity in developing countries, which is likely to create a huge opportunity for the battery market.
  • The United Arab Emirates is expected to dominate the market, owing to its purchase of consumer electronics, including smartphones and automobiles, by the young and diverse population of the country.

Middle East And Africa Battery Industry Segmentation

A battery stores energy and discharges it by converting chemical energy into electricity. Typical batteries most often produce electricity by chemical means through the use of one or more electrochemical cells.

The Middle-East and Africa Battery Market is Segmented by Type (Primary Battery and Secondary Battery), Technology (Lead-acid Battery, Lithium-ion Battery, Nickel-metal Hydride (NiMH) Battery, and Other Technologies (Nickel-cadmium (NiCD) Battery, Nickel-Zinc (NiZn) Battery, etc.)), Application (Automotive Batteries, Industrial Batteries (Motive, Stationary (Telecom, UPS, Energy Storage Systems (ESS), etc.), Portable Batteries (Consumer Electronics, etc.), and Other Applications), and Geography (Saudi Arabia, United Arab Emirates, South Africa, and Rest of Middle-East and Africa).

Type
Primary Battery
Secondary Battery
Technology
Lead-acid Battery
Lithium-ion Battery
Nickel-metal Hydride (NiMH) Battery
Other Technologies (Nickel-cadmium (NiCD) Battery, Nickel–zinc (NiZn) Battery, etc.)
Application
Automotive Batteries
Industrial Batteries (Motive, Stationary (Telecom, UPS, Energy Storage Systems (ESS), etc.)
Portable Batteries (Consumer Electronics, etc.)
Other Applications
Geography
Saudi Arabia
United Arab Emirates
South Africa
Rest of Middle-East and Africa
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Middle East And Africa Battery Market Size Summary

The Middle-East and Africa battery market is poised for significant growth, driven by factors such as the declining costs of lithium-ion batteries, the increasing adoption of electric vehicles, and the expansion of the renewable energy sector. The demand from data centers, which are becoming integral to digital infrastructures and cloud services, is also expected to contribute to market expansion. However, challenges such as the mismatch in the supply and demand of raw materials could impede growth. The rising popularity of energy storage solutions with solar photovoltaic systems in developing countries presents a substantial opportunity for the battery market. The United Arab Emirates is anticipated to lead the market, fueled by its young and diverse population's consumption of consumer electronics and automobiles.

The automotive sector is projected to be a major end-user of batteries, particularly lithium-ion batteries, as electric vehicles gain traction. The penetration of electric vehicles is expected to significantly boost the lithium-ion battery industry's growth. Despite slow demand in less developed nations, the Middle East and Africa region is witnessing a shift towards electric vehicles, aligning with emission norms. South Africa's automotive market is also evolving, with international manufacturers like BMW and Pravaig expanding their presence. The United Arab Emirates is expected to see increased battery demand due to rising consumer electronics and automotive sales, alongside infrastructure development projects. The UAE government's plans to expand EV charging stations and increase the electric vehicle fleet further underscore the region's potential. The market is fragmented, with key players such as C&D Technologies Inc., East Penn Manufacturing Co. Inc., and Exide Industries Ltd. contributing to the competitive landscape.

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Middle East And Africa Battery Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Market Size and Demand Forecast in USD billion, till 2029

    3. 1.3 Recent Trends and Developments

    4. 1.4 Government Policies and Regulations

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

        1. 1.5.1.1 Declining lithium-ion battery prices

        2. 1.5.1.2 Increasing adoption of electric vehicles

      2. 1.5.2 Restraints

        1. 1.5.2.1 Demand-supply mismatch of raw materials

    6. 1.6 Supply Chain Analysis

    7. 1.7 Porter's Five Forces Analysis

      1. 1.7.1 Bargaining Power of Suppliers

      2. 1.7.2 Bargaining Power of Consumers

      3. 1.7.3 Threat of New Entrants

      4. 1.7.4 Threat of Substitutes Products and Services

      5. 1.7.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Primary Battery

      2. 2.1.2 Secondary Battery

    2. 2.2 Technology

      1. 2.2.1 Lead-acid Battery

      2. 2.2.2 Lithium-ion Battery

      3. 2.2.3 Nickel-metal Hydride (NiMH) Battery

      4. 2.2.4 Other Technologies (Nickel-cadmium (NiCD) Battery, Nickel–zinc (NiZn) Battery, etc.)

    3. 2.3 Application

      1. 2.3.1 Automotive Batteries

      2. 2.3.2 Industrial Batteries (Motive, Stationary (Telecom, UPS, Energy Storage Systems (ESS), etc.)

      3. 2.3.3 Portable Batteries (Consumer Electronics, etc.)

      4. 2.3.4 Other Applications

    4. 2.4 Geography

      1. 2.4.1 Saudi Arabia

      2. 2.4.2 United Arab Emirates

      3. 2.4.3 South Africa

      4. 2.4.4 Rest of Middle-East and Africa

Middle East And Africa Battery Market Size FAQs

The Middle East And Africa Battery Market size is expected to reach USD 7.06 billion in 2024 and grow at a CAGR of greater than 7% to reach USD 9.98 billion by 2029.

In 2024, the Middle East And Africa Battery Market size is expected to reach USD 7.06 billion.

Middle-East and Africa Battery Market Report Snapshots

Middle-East and Africa Battery Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)