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