MIDDLE EAST AND AFRICA BATTERY MARKET 2022-2028

Energy, Power & Utilities | Energy Storage

MIDDLE EAST AND AFRICA BATTERY MARKET 2022-2028

Market by Battery Type, Technology, End-use and Country Outlook | Forecast 2022-2028

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As per Triton's Market Research, the battery market in Middle East and Africa is expected to develop with a CAGR of 13.59% in the forecast period 2022-2028.


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The countries analyzed in the market include:

•         Turkey

•         South Africa

•         The United Arab Emirates

•         Saudi Arabia

•         Rest of Middle East & Africa

In the Middle East and Africa, strategic actions taken by market participants in the region, product launches, product developments, research and development activities, the region's expanding automotive industry, etc., are some of the key factors anticipated to support the growth of the battery market.

As part of its plans to secure $32 billion in investment into the mining industry, the Saudi Arabian Ministry of Industry and Mineral Resources secured $6 billion for a steel plate mill complex and an electric vehicle battery metals factory in 2022. Also, Avass Group and Saudi Arabia agreed to collaborate on producing lithium batteries and electric vehicles. Therefore, such factors are anticipated to further fuel battery industry innovations, which are anticipated to positively impact market growth throughout the forecast period.

In South Africa, an increase in research and development efforts, along with other technological advancements, is anticipated to substantially impact the country's battery market. For instance, a request for proposals for battery storage in Skaapvlei in the Western Cape was issued by Eskom in 2020. The world's first thermal battery was also introduced in South Africa in 2019. The battery, often referred to as a Thermal Energy Device (TED), accepts electrical input in any form and converts and stores energy as latent heat, making it inexpensive, adaptable, and durable. Therefore, during the forecast period, all of these factors are anticipated to further encourage market expansion in the country.

Industrial batteries have different applications such as grid and off-grid energy storage systems, power backup, industrial automation systems, machinery and marine equipment, agricultural machinery, electronics, oil and gas, etc. Global market participants are creating and launching products that include a variety of batteries, including lead-acid, lithium-ion, nickel-cadmium, nickel metal hydride, and other batteries for industrial applications, which is anticipated to foster market expansion throughout the forecast period. The studied report assesses the market's growth according to battery type, technology and end-use. Here, the end-use segment includes automotive batteries, industrial batteries, portable batteries, power tools batteries, SLI batteries, and other end-uses.

Exide Technologies, Toshiba Corporation, Panasonic Corporation, Samsung SDI Co Ltd, Trojan Battery Company, NEC Corporation, Crown Battery Manufacturing Company and Murata Manufacturing Co Ltd are some dominant companies in the battery market.

Electronic materials and battery manufacturer Samsung SDI Co Ltd is based in Yongin, Gyeonggi-do, South Korea. The company runs its operations through the segments of electronic materials and Energy Solutions. The energy solution division produces rechargeable batteries for energy storage systems (ESS), IT devices, and automotive applications, while the electronic materials business produces materials for semiconductors and displays. The company was founded in 1970.

 

Key deliverables of the report:

      Market CAGR during the forecasting years 2022-2028

      Detailed data highlighting key insights, industry components, and market strategies


      Comprehensive information and estimation of the battery market revenue growth in the Middle East and Africa and its influence on the parent market


      In-depth study of forthcoming trends in consumer behavioral patterns


      A meticulous analysis of the competitive landscape, vendor scorecard, and Porter's Five Forces Model


      A wide-ranging study of factors that will challenge the Middle East and Africa battery market's growth during the upcoming years

Want to get specific insights? Our team of analysts can customize this report based on your preferences. Connect with us here

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Table of Content

1. MIDDLE EAST AND AFRICA BATTERY MARKET - SUMMARY

2. INDUSTRY OUTLOOK

2.1. IMPACT OF COVID-19 ON THE BATTERY MARKET

2.2. KEY INSIGHTS

2.2.1. INCREASING DEMAND FOR ENERGY STORAGE SYSTEMS

2.2.2. EMERGENCE OF AGM BATTERIES

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1. THREAT OF NEW ENTRANTS

2.3.2. THREAT OF SUBSTITUTES

2.3.3. BARGAINING POWER OF BUYERS

2.3.4. BARGAINING POWER OF SUPPLIERS

2.3.5. THREAT OF COMPETITIVE RIVALRY

2.4. MARKET ATTRACTIVENESS INDEX

2.5. VENDOR SCORECARD

2.6. KEY MARKET STRATEGIES

2.6.1. PRODUCT LAUNCHES & DEVELOPMENTS

2.6.2. PARTNERSHIPS & AGREEMENTS

2.7. MARKET DRIVERS

2.7.1. RISING POPULARITY OF CONSUMER ELECTRONICS

2.7.2. INCENTIVES FOR MANUFACTURING ELECTRIC VEHICLE BATTERIES

2.7.3. DECLINING BATTERY PRICES

2.7.4. HIGH DEMAND FOR AUTOMOTIVE APPLICATIONS

2.8. MARKET CHALLENGES

2.8.1. SAFETY ISSUES PERTAINING TO BATTERY USAGE

2.8.2. VOLATILITY IN THE PRICES OF RAW MATERIALS

2.8.3. ISSUES PERTAINING TO BATTERY RECYCLING

2.9. MARKET OPPORTUNITIES

2.9.1. INCREASING PENETRATION OF MARINE BATTERIES

2.9.2. GOVERNMENT INCENTIVES FOR CLEANER TRANSPORTATION

3. MIDDLE EAST AND AFRICA BATTERY MARKET OUTLOOK - BY BATTERY TYPE

3.1. PRIMARY BATTERY

3.2. SECONDARY BATTERY

4. MIDDLE EAST AND AFRICA BATTERY MARKET OUTLOOK - BY TECHNOLOGY

4.1. LEAD-ACID BATTERY

4.2. LITHIUM-ION BATTERY

4.3. NICKEL-METAL HYDRIDE (NIMH) BATTERY

4.4. NICKEL-CADMIUM (NICD) BATTERY

4.5. NICKEL-ZINC (NIZN) BATTERY

4.6. FLOW BATTERY

4.7. SODIUM-SULFUR (NAS) BATTERY

4.8. ZINC-MANGANESE DIOXIDE BATTERY

4.9. SMALL SEALED LEAD-ACID BATTERY

4.10. OTHER TECHNOLOGIES

5. MIDDLE EAST AND AFRICA BATTERY MARKET OUTLOOK - BY END-USE

5.1. AUTOMOTIVE BATTERIES

5.2. INDUSTRIAL BATTERIES

5.3. PORTABLE BATTERIES

5.4. POWER TOOLS BATTERIES

5.5. SLI BATTERIES

5.6. OTHER END-USES

6. MIDDLE EAST AND AFRICA BATTERY MARKET - REGIONAL OUTLOOK

6.1. UNITED ARAB EMIRATES

6.2. SAUDI ARABIA

6.3. TURKEY

6.4. SOUTH AFRICA

6.5. REST OF MIDDLE EAST & AFRICA

7. COMPETITIVE LANDSCAPE

7.1. JOHNSONS CONTROLS INC

7.2. GS YUASA INTERNATIONAL LTD

7.3. EXIDE TECHNOLOGIES

7.4. LG CHEM LTD

7.5. A123 SYSTEMS LLC

7.6. TOSHIBA CORPORATION

7.7. PANASONIC CORPORATION

7.8. SAMSUNG SDI CO LTD

7.9. SAFT GROUPE SA

7.10. TROJAN BATTERY COMPANY

7.11. BYD COMPANY LTD

7.12. NEC CORPORATION

7.13. EVEREADY INDUSTRIES

7.14. DURACELL

7.15. EAST PENN MANUFACTURING CO

7.16. CROWN BATTERY MANUFACTURING COMPANY

7.17. C&D TECHNOLOGIES INC

7.18. ENERSYS

7.19. MURATA MANUFACTURING CO LTD

7.20. SHENZHEN BAK BATTERY CO LTD

8. RESEARCH METHODOLOGY & SCOPE

8.1. RESEARCH SCOPE & DELIVERABLES

8.2. SOURCES OF DATA

8.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: MIDDLE EAST AND AFRICA BATTERY MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 2: VENDOR SCORECARD

TABLE 3: MIDDLE EAST AND AFRICA BATTERY MARKET, BY BATTERY TYPE, 2022-2028, (IN $ MILLION)

TABLE 4: MIDDLE EAST AND AFRICA BATTERY MARKET, BY TECHNOLOGY, 2022-2028, (IN $ MILLION)

TABLE 5: MIDDLE EAST AND AFRICA BATTERY MARKET, BY END-USE, 2022-2028, (IN $ MILLION)

TABLE 6: MIDDLE EAST AND AFRICA BATTERY MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

List of Figures

FIGURE 1: MARKET ATTRACTIVENESS INDEX

FIGURE 2: MIDDLE EAST AND AFRICA BATTERY MARKET, BY BATTERY TYPE, 2021 & 2028 (IN %)

FIGURE 3: MIDDLE EAST AND AFRICA BATTERY MARKET, BY PRIMARY BATTERY, 2022-2028 (IN $ MILLION)

FIGURE 4: MIDDLE EAST AND AFRICA BATTERY MARKET, BY SECONDARY BATTERY, 2022-2028 (IN $ MILLION)

FIGURE 5: MIDDLE EAST AND AFRICA BATTERY MARKET, BY TECHNOLOGY, 2021 & 2028 (IN %)

FIGURE 6: MIDDLE EAST AND AFRICA BATTERY MARKET, BY LEAD-ACID BATTERY, 2022-2028 (IN $ MILLION)

FIGURE 7: MIDDLE EAST AND AFRICA BATTERY MARKET, BY LITHIUM-ION BATTERY, 2022-2028 (IN $ MILLION)

FIGURE 8: MIDDLE EAST AND AFRICA BATTERY MARKET, BY NICKEL-METAL HYDRIDE (NIMH) BATTERY, 2022-2028 (IN $ MILLION)

FIGURE 9: MIDDLE EAST AND AFRICA BATTERY MARKET, BY NICKEL-CADMIUM (NICD) BATTERY, 2022-2028 (IN $ MILLION)

FIGURE 10: MIDDLE EAST AND AFRICA BATTERY MARKET, BY NICKEL-ZINC (NIZN) BATTERY, 2022-2028 (IN $ MILLION)

FIGURE 11: MIDDLE EAST AND AFRICA BATTERY MARKET, BY FLOW BATTERY, 2022-2028 (IN $ MILLION)

FIGURE 12: MIDDLE EAST AND AFRICA BATTERY MARKET, BY SODIUM-SULFUR (NAS) BATTERY, 2022-2028 (IN $ MILLION)

FIGURE 13: MIDDLE EAST AND AFRICA BATTERY MARKET, BY ZINC-MANGANESE DIOXIDE BATTERY, 2022-2028 (IN $ MILLION)

FIGURE 14: MIDDLE EAST AND AFRICA BATTERY MARKET, BY SMALL SEALED LEAD-ACID BATTERY, 2022-2028 (IN $ MILLION)

FIGURE 15: MIDDLE EAST AND AFRICA BATTERY MARKET, BY OTHER TECHNOLOGIES, 2022-2028 (IN $ MILLION)

FIGURE 16: MIDDLE EAST AND AFRICA BATTERY MARKET, BY END-USE, 2021 & 2028 (IN %)

FIGURE 17: MIDDLE EAST AND AFRICA BATTERY MARKET, BY AUTOMOTIVE BATTERIES, 2022-2028 (IN $ MILLION)

FIGURE 18: MIDDLE EAST AND AFRICA BATTERY MARKET, BY INDUSTRIAL BATTERIES, 2022-2028 (IN $ MILLION)

FIGURE 19: MIDDLE EAST AND AFRICA BATTERY MARKET, BY PORTABLE BATTERIES, 2022-2028 (IN $ MILLION)

FIGURE 20: MIDDLE EAST AND AFRICA BATTERY MARKET, BY POWER TOOLS BATTERIES, 2022-2028 (IN $ MILLION)

FIGURE 21: MIDDLE EAST AND AFRICA BATTERY MARKET, BY SLI BATTERIES, 2022-2028 (IN $ MILLION)

FIGURE 22: MIDDLE EAST AND AFRICA BATTERY MARKET, BY OTHER END-USES, 2022-2028 (IN $ MILLION)

FIGURE 23: MIDDLE EAST AND AFRICA BATTERY MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN %)

FIGURE 24: UNITED ARAB EMIRATES BATTERY MARKET 2022-2028 (IN $ MILLION)

FIGURE 25: SAUDI ARABIA BATTERY MARKET 2022-2028 (IN $ MILLION)

FIGURE 26: TURKEY BATTERY MARKET 2022-2028 (IN $ MILLION)

FIGURE 27: SOUTH AFRICA BATTERY MARKET 2022-2028 (IN $ MILLION)

FIGURE 28: REST OF MIDDLE EAST & AFRICA BATTERY MARKET 2022-2028 (IN $ MILLION)

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