Market by Battery Type (Primary Battery, Secondary Battery), Technology (Lead-Acid, Lithium-Ion, Nickel-Cadmium, Nickel Metal Hydride, Nickel-Zinc (NiZn), Flow, Sodium-Sulfur (NaS), Zinc-Manganese Dioxide, Small Sealed Lead-Acid, Other Technologies), End-use (Automotive Batteries, Industrial Batteries, Portable Batteries, Power Tools Batteries, SLI Batteries, Other End-Uses), and Country Outlook | Forecast 2024-2032
Triton’s estimates suggest that the Middle East and Africa battery market is set to progress in terms of revenue at a CAGR of 13.79% during the forecast period 2024-2032.
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The battery market in the Middle East and Africa region is experiencing significant growth due to various strategic initiatives, product developments, and a shift towards renewable energy and electric vehicles (EVs). For example, as per the Dubai Electricity & Water Authority (DEWA), EV registrations under its EV Green Charger Initiative increased to 11,000 by May 2023. Moreover, it expects this number to double, with over 42,000 EVs on the road. These developments are further enhanced by research institutions like King Abdullah University of Science and Technology (KAUST) in Saudi Arabia, which are pioneering new battery technologies, thereby the region’s battery market.
The countries reviewed in this region include:
South Africa leads the region with a major share, obtaining around $1225.81 million in 2023
As per ITA, South Africa’s Integrated Resource Plan (IRP) projects an increase of 29,500 MW in electricity capacity by 2030, primarily from renewable sources, including 14,400 MW from wind and 6,000 MW from solar photovoltaic. This is set to boost demand for battery storage solutions to ensure a stable and reliable energy supply.
Noted by IEA, the automotive sector is setting ambitious targets, including the goal that around 20% of locally manufactured vehicles will be hybrid electric by 2030, widening the scope of batteries in the sector.
Government efforts such as collaboration between the South African National Energy Development Institute (SANEDI) and the Department of Mineral Resources and Energy (DMRE) on energy efficiency strategies play a crucial role in the R&D of efficient battery technologies.
Market Forecast for Saudi Arabia
The battery market in Saudi Arabia is rapidly evolving, driven by the country’s Vision 2030, which emphasizes sustainability and the shift towards renewable energy. Additionally, the government is focusing on energy storage systems (ESS) to enhance grid reliability and integrate renewable energy sources. Lithium-ion batteries are favored due to their high energy efficiency and long lifespan. These factors thus create numerous opportunities for battery manufacturers in the country.
The market is divided into end-use, technology, and battery type. The end-use section comprises power tools, industrial, automotive, portable, SLI, and other end-uses.
Batteries have a wide range of industrial applications, including telecommunications, energy storage, forklifts with material handling equipment, uninterruptible power supplies, security systems, emergency lighting, medical devices, road signs, and control and switchgear systems. Additionally, they are utilized in grid and off-grid energy storage, power backup, industrial automation, machinery, etc. Globally, market players are developing and launching products featuring various types of batteries, such as lead-acid, lithium-ion, nickel-cadmium, and nickel-metal hydride batteries for industrial applications.
Contender Analysis in the Battery Market:
Saft Groupe SA, a subsidiary of TotalEnergies, specializes in the design, development, and manufacture of batteries for various sectors, including industry, transport, and defense. The company provides durable batteries and systems for critical safety applications, propulsion, and backup power. Founded in 1918, the company operates internationally, supported by 16 production sites in 19 countries. It offers advanced battery solutions, including NiCad and Li-ion batteries, tailored for high-performance needs.
In June 2024, the company introduced its first ATEX-certified rechargeable advanced batteries designed to power portable equipment in potentially hazardous environments like mining, defense, oil and gas, etc.
Other companies offering products in the battery market include BYD Company Limited, Exide Technologies, A123 Systems LLC, Enersys, and C&D Technologies.
KEY DELIVERABLES OF THE REPORT:
Market CAGR during the forecasting years 2024-2032
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 and Porter’s Five Forces
A wide-ranging study of factors that will challenge the Middle East and Africa battery market’s growth during the upcoming years
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VIEW REPORT1. MIDDLE
EAST AND AFRICA BATTERY MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
ANALYSIS ON THE BATTERY MARKET
2.1.1. COVID-19
IMPACT
2.2. PORTER’S
FIVE FORCES ANALYSIS
2.2.1. THREAT
OF NEW ENTRANTS
2.2.2. THREAT
OF SUBSTITUTES
2.2.3. BARGAINING
POWER OF BUYERS
2.2.4. BARGAINING
POWER OF SUPPLIERS
2.2.5. THREAT
OF COMPETITIVE RIVALRY
2.3. MARKET
ATTRACTIVENESS INDEX
2.4. KEY BUYING
IMPACT ANALYSIS
2.4.1. ENERGY
DENSITY
2.4.2. BATTERY
MEMORY
2.4.3. LIFETIME
2.4.4. DURABILITY
2.5. SUPPLY
CHAIN ANALYSIS
2.5.1. RAW
MATERIAL
2.5.2. MANUFACTURING
& ASSEMBLY
2.5.3. DISTRIBUTION
2.5.4. END-USER
APPLICATIONS
2.5.5. AFTER-SALES
SERVICES
2.5.6. RECYCLING
2.6. KEY
MARKET STRATEGIES
2.6.1. COLLABORATIONS
2.6.2. PRODUCT
LAUNCHES
2.6.3. ACQUISITIONS
2.6.4. INVESTMENTS
& EXPANSIONS
2.7. MARKET
DRIVERS
2.7.1. INCREASING
POPULARITY OF CONSUMER ELECTRONICS
2.7.2. GOVERNMENT
INCENTIVES TO MANUFACTURE EV BATTERY
2.7.3. HIGH BATTERY
DEMAND FOR AUTOMOTIVE APPLICATIONS, PRIMARILY FROM EVS
2.8. MARKET
CHALLENGES
2.8.1. ISSUES
RELATED TO BATTERY RECYCLING
2.8.2. SAFETY
CONCERNS ASSOCIATED WITH BATTERY USE
2.8.3. VOLATILITY
IN RAW MATERIAL PRICES
2.9. MARKET
OPPORTUNITIES
2.9.1. INCREASING
ATTENTION TO SECOND-LIFE BATTERY USES
2.9.2. RISING
DEMAND FOR LARGER BATTERY PACKS
2.9.3. DEVELOPMENTS
IN BATTERY TECHNOLOGIES
2.10. ANALYST
PERSPECTIVE
3. MIDDLE
EAST AND AFRICA BATTERY MARKET – BY BATTERY TYPE
3.1. PRIMARY
BATTERY
3.2. SECONDARY
BATTERY
4. MIDDLE
EAST AND AFRICA BATTERY MARKET – BY TECHNOLOGY
4.1. LEAD-ACID
4.2. LITHIUM-ION
4.3. NICKEL-CADMIUM
4.4. NICKEL
METAL HYDRIDE
4.5. NICKEL-ZINC
(NIZN)
4.6. FLOW
4.7. SODIUM-SULFUR
(NAS)
4.8. ZINC-MANGANESE
DIOXIDE
4.9. SMALL
SEALED LEAD-ACID
4.10. OTHER TECHNOLOGIES
5. MIDDLE
EAST AND AFRICA BATTERY MARKET – 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 – BY COUNTRY OUTLOOK
6.1. UNITED
ARAB EMIRATES
6.1.1. UNITED
ARAB EMIRATES BATTERY MARKET FORECAST & PROSPECTS
6.2. SAUDI
ARABIA
6.2.1. SAUDI
ARABIA BATTERY MARKET FORECAST & PROSPECTS
6.3. TURKEY
6.3.1. TURKEY
BATTERY MARKET FORECAST & PROSPECTS
6.4. SOUTH
AFRICA
6.4.1. SOUTH
AFRICA BATTERY MARKET FORECAST & PROSPECTS
6.5. REST
OF MIDDLE EAST & AFRICA
6.5.1. REST
OF MIDDLE EAST & AFRICA BATTERY MARKET FORECAST & PROSPECTS
7. COMPETITIVE
LANDSCAPE
7.1. GS
YUASA INTERNATIONAL LTD
7.1.1. OVERVIEW
7.1.2. PORTFOLIO
7.1.3. KEY STRENGTH
7.1.4. KEY
CHALLENGE
7.2. JOHNSON
CONTROLS INC
7.2.1. OVERVIEW
7.2.2. PORTFOLIO
7.2.3. KEY
STRENGTH
7.2.4. KEY
CHALLENGE
7.3. PANASONIC
CORPORATION
7.3.1. OVERVIEW
7.3.2. PORTFOLIO
7.3.3. KEY
STRENGTHS
7.3.4. KEY
CHALLENGES
7.4. SAMSUNG
SDI CO LTD
7.4.1. OVERVIEW
7.4.2. PORTFOLIO
7.4.3. KEY
STRENGTH
7.4.4. KEY
CHALLENGE
7.5. A123
SYSTEMS LLC
7.5.1. OVERVIEW
7.5.2. PORTFOLIO
7.5.3. KEY
STRENGTH
7.5.4. KEY
CHALLENGES
7.6. EXIDE
TECHNOLOGIES
7.6.1. OVERVIEW
7.6.2. PORTFOLIO
7.6.3. KEY
STRENGTH
7.6.4. KEY
CHALLENGE
7.7. ENERSYS
7.7.1. OVERVIEW
7.7.2. PORTFOLIO
7.7.3. KEY
STRENGTH
7.7.4. KEY
CHALLENGES
7.8. BYD
COMPANY LIMITED
7.8.1. OVERVIEW
7.8.2. PORTFOLIO
7.8.3. KEY
STRENGTH
7.8.4. KEY
CHALLENGE
7.9. C&D
TECHNOLOGIES INC
7.9.1. OVERVIEW
7.9.2. PORTFOLIO
7.9.3. KEY
STRENGTHS
7.9.4. KEY
CHALLENGE
7.10. SAFT
GROUPE SA
7.10.1. OVERVIEW
7.10.2. PORTFOLIO
7.10.3. KEY
STRENGTH
7.10.4. KEY
CHALLENGE
8. RESEARCH
METHODOLOGY & SCOPE
8.1. RESEARCH
SCOPE & DELIVERABLES
8.2. SOURCES
OF DATA
8.3. RESEARCH
METHODOLOGY
TABLE 1: MIDDLE EAST AND
AFRICA BATTERY MARKET, BY COUNTRY OUTLOOK, 2024-2032 (IN $ MILLION)
TABLE 2: LIST OF
COLLABORATIONS
TABLE 3: LIST OF PRODUCT
LAUNCHES
TABLE 4: LIST OF ACQUISITIONS
TABLE 5: LIST OF INVESTMENTS
& EXPANSIONS
TABLE 6: MIDDLE EAST AND
AFRICA BATTERY MARKET, BY BATTERY TYPE, 2024-2032 (IN $ MILLION)
TABLE 7: MIDDLE EAST AND
AFRICA BATTERY MARKET, BY TECHNOLOGY, 2024-2032 (IN $ MILLION)
TABLE 8: MIDDLE EAST AND
AFRICA BATTERY MARKET, BY END-USE, 2024-2032 (IN $ MILLION)
TABLE 9: MIDDLE EAST AND
AFRICA BATTERY MARKET, BY COUNTRY OUTLOOK, 2024-2032 (IN $ MILLION)
FIGURE 1: PORTER’S FIVE FORCES
ANALYSIS
FIGURE 2: MARKET
ATTRACTIVENESS INDEX
FIGURE 3: KEY BUYING IMPACT
ANALYSIS
FIGURE 4: SUPPLY CHAIN
ANALYSIS
FIGURE 5: MIDDLE EAST AND
AFRICA BATTERY MARKET, BY BATTERY TYPE, 2023 & 2032 (IN %)
FIGURE 6: MIDDLE EAST AND
AFRICA BATTERY MARKET, BY PRIMARY BATTERY, 2024-2032 (IN $ MILLION)
FIGURE 7: MIDDLE EAST AND
AFRICA BATTERY MARKET, BY SECONDARY BATTERY, 2024-2032 (IN $ MILLION)
FIGURE 8: MIDDLE EAST AND
AFRICA BATTERY MARKET, BY TECHNOLOGY, 2023 & 2032 (IN %)
FIGURE 9: MIDDLE EAST AND
AFRICA BATTERY MARKET, BY LEAD-ACID, 2024-2032 (IN $ MILLION)
FIGURE 10: MIDDLE EAST AND
AFRICA BATTERY MARKET, BY LITHIUM-ION, 2024-2032 (IN $ MILLION)
FIGURE 11: MIDDLE EAST AND
AFRICA BATTERY MARKET, BY NICKEL-CADMIUM, 2024-2032 (IN $ MILLION)
FIGURE 12: MIDDLE EAST AND
AFRICA BATTERY MARKET, BY NICKEL METAL HYDRIDE, 2024-2032 (IN $ MILLION)
FIGURE 13: MIDDLE EAST AND
AFRICA BATTERY MARKET, BY NICKEL-ZINC (NIZN), 2024-2032 (IN $ MILLION)
FIGURE 14: MIDDLE EAST AND
AFRICA BATTERY MARKET, BY FLOW, 2024-2032 (IN $ MILLION)
FIGURE 15: MIDDLE EAST AND
AFRICA BATTERY MARKET, BY SODIUM-SULFUR (NAS), 2024-2032 (IN $ MILLION)
FIGURE 16: MIDDLE EAST AND
AFRICA BATTERY MARKET, BY ZINC-MANGANESE DIOXIDE, 2024-2032 (IN $ MILLION)
FIGURE 17: MIDDLE EAST AND
AFRICA BATTERY MARKET, BY SMALL SEALED LEAD-ACID, 2024-2032 (IN $ MILLION)
FIGURE 18: MIDDLE EAST AND
AFRICA BATTERY MARKET, BY OTHER TECHNOLOGIES, 2024-2032 (IN $ MILLION)
FIGURE 19: MIDDLE EAST AND
AFRICA BATTERY MARKET, BY END-USE, 2023 & 2032 (IN %)
FIGURE 20: MIDDLE EAST AND
AFRICA BATTERY MARKET, BY AUTOMOTIVE BATTERIES, 2024-2032 (IN $ MILLION)
FIGURE 21: MIDDLE EAST AND
AFRICA BATTERY MARKET, BY INDUSTRIAL BATTERIES, 2024-2032 (IN $ MILLION)
FIGURE 22: MIDDLE EAST AND
AFRICA BATTERY MARKET, BY PORTABLE BATTERIES, 2024-2032 (IN $ MILLION)
FIGURE 23: MIDDLE EAST AND
AFRICA BATTERY MARKET, BY POWER TOOLS BATTERIES, 2024-2032 (IN $ MILLION)
FIGURE 24: MIDDLE EAST AND
AFRICA BATTERY MARKET, BY SLI BATTERIES, 2024-2032 (IN $ MILLION)
FIGURE 25: MIDDLE EAST AND
AFRICA BATTERY MARKET, BY OTHER END-USES, 2024-2032 (IN $ MILLION)
FIGURE 26: MIDDLE EAST AND
AFRICA BATTERY MARKET, BY COUNTRY OUTLOOK, 2023 & 2032 (IN %)
FIGURE 27: UNITED ARAB
EMIRATES BATTERY MARKET 2024-2032 (IN $ MILLION)
FIGURE 28: SAUDI ARABIA
BATTERY MARKET 2024-2032 (IN $ MILLION)
FIGURE 29: TURKEY BATTERY
MARKET 2024-2032 (IN $ MILLION)
FIGURE 30: SOUTH AFRICA
BATTERY MARKET 2024-2032 (IN $ MILLION)
FIGURE 31: REST OF MIDDLE EAST
& AFRICA BATTERY MARKET 2024-2032 (IN $ MILLION)