Market Size of North Africa Battery Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | 9.00 % |
| Market Concentration | Low |
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?
North Africa Battery Market Analysis
The North Africa Battery Market is expected to rise at a CAGR of more than 9% during the forecast period.
COVID-19 negatively impacted the market in 2020. Currently, the market has reached pre-pandemic levels.
- Over the long term, factors such as increasing adoption of renewable energy such as solar and wind in the region and rapidly growing telecom and database sectors are likely to drive the North African battery market.
- On the other hand, low domestic and foreign investment is expected to restrain the North African market during the forecast period.
- The increasing involvement of the countries in the region towards its renewable and Electric Vehicle (EV) sector is likely to create several future opportunities for the North African battery market.
North Africa Battery Industry Segmentation
An electric battery is a source of electric power consisting of one or more electrochemical cells with external connections for powering electrical devices.
The North Africa Battery Market is segmented by type, technology, application, and geography. By type, the market is segmented into primary battery and secondary battery. By technology, the market is segmented into lithium-ion battery, lead-acid battery, and others. By application, the market is segmented into automotive batteries, industrial batteries, portable batteries, and others. The report also covers the market size and forecasts for the battery market in major countries across the region .The market sizing and forecast for each segment is based on revenue (USD billion).
| Type | |
| Primary Battery | |
| Secondary Battery |
| Technology | |
| Lithium-ion Battery | |
| Lead-acid Battery | |
| Others |
| Application | |
| Automotive Batteries | |
| Industrial Batteries | |
| Portable Batteries | |
| Others |
| Geography | |
| Egypt | |
| Algeria | |
| Rest of North Africa |
North Africa Battery Market Size Summary
The North Africa Battery Market is poised for significant growth, driven by the increasing adoption of renewable energy sources like solar and wind, alongside the rapid expansion of the telecom and database sectors. Despite the initial setbacks caused by the COVID-19 pandemic, the market has rebounded to pre-pandemic levels. However, challenges such as low domestic and foreign investment may hinder progress. The region's growing focus on renewable energy and electric vehicles (EVs) presents numerous opportunities for market expansion. Lithium-ion batteries, known for their high energy density and efficiency, are becoming increasingly popular for both electronic devices and renewable energy storage, positioning them as a key growth segment in the market.
Egypt stands out as a dominant force in the North African battery market, driven by its robust economy and strategic investments in battery manufacturing facilities. The country's ambitious renewable energy targets and rapid growth in the electric vehicle sector are expected to further propel market development. Government initiatives to promote EVs and reduce carbon emissions, such as restrictions on fossil fuel-based vehicle imports, are also contributing to the market's expansion. The presence of key industry players and ongoing projects, like the solar-plus-storage initiative in Egypt, underscore the region's potential for growth in the battery market.
North Africa 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 Threat of New Entrants
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1.7.2 Bargaining Power of Consumers
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1.7.3 Bargaining Power of Suppliers
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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 Type
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2.1.1 Primary Battery
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2.1.2 Secondary Battery
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2.2 Technology
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2.2.1 Lithium-ion Battery
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2.2.2 Lead-acid Battery
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2.2.3 Others
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2.3 Application
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2.3.1 Automotive Batteries
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2.3.2 Industrial Batteries
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2.3.3 Portable Batteries
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2.3.4 Others
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2.4 Geography
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2.4.1 Egypt
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2.4.2 Algeria
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2.4.3 Rest of North Africa
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North Africa Battery Market Size FAQs
What is the current North Africa Battery Market size?
The North Africa Battery Market is projected to register a CAGR of greater than 9% during the forecast period (2024-2029)
Who are the key players in North Africa Battery Market?
Toshiba Corp, Murata Manufacturing Co., Ltd. , Exide Industries Ltd , Panasonic Corporation and Duracell Inc are the major companies operating in the North Africa Battery Market.
