Market Size of Middle-East and Africa Consumer Battery Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 6.50 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
MEA Consumer Battery Market Analysis
The Middle-East and Africa consumer battery market is expected to grow at a CAGR of more than 6.5% over the forecast period of 2022-2027. In 2020, due to the outbreak of COVID-19, the major countries in the region such as Saudi Arabia, United Arab Emirates, Morocco, and South Africa witnessed a drop in consumer spending, which negatively affected the batteries market. Further, in 2020, the region witnessed a severe drop in its tourism industry, which directly impacted the demand for consumer batteries from commercial sectors. The Middle-East and Africa consumer battery market is driven by declining lithium-ion battery prices, and increasing sales in portable electronic devices across the region. However, the demand-supply mismatch of raw materials in the region is likely to hinder the market growth during the forecast period.
- The lithium-ion battery (LIB) is expected to witness significant growth in the market during the forecast period due to its high electrode potential, high charge, and favorable capacity-to-weight ratio.
- The healthcare industry is focusing on designing technology that is less intrusive and more portable for home use, which has led to an increase in demand for smaller devices, such as oxygen concentrators, ventilators, etc. This, in turn, is expected to create market opportunities for consumer battery manufacturers.
- The Saudi Arabia is expected to dominate the market, owing to its purchase of consumer electronics, including smartphones and the diverse population of the country.
MEA Consumer Battery Industry Segmentation
The Middle-East and Africa consumer battery market report includes:
| Technology Type | |
| Lithium-ion Batteries | |
| Alkaline Batteries | |
| Zinc-Carbon Batteries | |
| Others |
| Geography | |
| Saudi Arabia | |
| The United Arab Emirates | |
| Iran | |
| South Africa | |
| Egypt | |
| Rest of Middle-East and Africa |
Middle-East and Africa Consumer Battery Market Size Summary
The Middle-East and Africa consumer battery market is poised for substantial growth, driven by the declining prices of lithium-ion batteries and the increasing demand for portable electronic devices. The market experienced a downturn in 2020 due to the COVID-19 pandemic, which affected consumer spending and the tourism sector, thereby impacting the demand for batteries in commercial applications. However, the market is expected to recover and expand, with lithium-ion batteries anticipated to lead the growth due to their favorable properties such as high charge capacity and efficiency. The healthcare industry's shift towards more portable and less intrusive technologies is also contributing to the rising demand for consumer batteries, creating new opportunities for manufacturers. Saudi Arabia is expected to dominate the market, supported by its robust consumer electronics purchases and diverse population.
The consumer battery market in the region is moderately fragmented, with key players like Panasonic Corporation, VARTA Consumer Batteries GmbH & Co. KGaA, Koninklijke Philips N.V., Energizer Holdings Inc., and Duracell Inc. actively participating. Initiatives such as battery recycling programs and government investments in e-waste projects are being implemented to promote sustainability and manage electronic waste effectively. The growing economies in the Middle-East and Africa, coupled with the increasing number of portable consumer electronic devices, are expected to drive market growth. Saudi Arabia's expanding hospitality and residential sectors, along with major projects like Qiddiya City and NEOM, are anticipated to further boost the demand for consumer batteries in the region.
Middle-East and Africa Consumer Battery Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand Forecast in USD billion, till 2027
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraints
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1.6 Supply Chain Analysis
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1.7 Porter's Five Forces Analysis
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1.7.1 Bargaining Power of Suppliers
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1.7.2 Bargaining Power of Consumers
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1.7.3 Threat of New Entrants
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1.7.4 Threat of Substitutes Products and Services
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1.7.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Technology Type
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2.1.1 Lithium-ion Batteries
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2.1.2 Alkaline Batteries
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2.1.3 Zinc-Carbon Batteries
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2.1.4 Others
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2.2 Geography
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2.2.1 Saudi Arabia
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2.2.2 The United Arab Emirates
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2.2.3 Iran
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2.2.4 South Africa
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2.2.5 Egypt
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2.2.6 Rest of Middle-East and Africa
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Middle-East and Africa Consumer Battery Market Size FAQs
What is the current Middle-East and Africa Consumer Battery Market size?
The Middle-East and Africa Consumer Battery Market is projected to register a CAGR of greater than 6.5% during the forecast period (2024-2029)
Who are the key players in Middle-East and Africa Consumer Battery Market?
Panasonic Corporation, Koninklijke Philips N.V., VARTA Consumer Batteries GmbH & Co KGaA, Energizer Holdings, Inc. and Duracell Inc. are the major companies operating in the Middle-East and Africa Consumer Battery Market.
