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Middle-East and Africa Battery Cell Market Size (2024 - 2029)

The Middle-East and Africa battery cell market is poised for growth, driven by increased investment in renewable energy projects and supportive government policies. Despite challenges such as safety concerns and the impact of Covid-19 on cross-border trade, the market is expected to expand, particularly in regions like South Africa where government initiatives support renewable energy and electric vehicle infrastructure. The focus on battery cell safety and research and development presents significant opportunities for manufacturers, contributing to the overall market size expansion in the forecast period.

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Market Size of Middle-East and Africa Battery Cell Industry

Middle-East and Africa Battery Cell Market gp.png
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR > 13.20 %
Market Concentration Medium

Major Players

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*Disclaimer: Major Players sorted in no particular order

MEA Battery Cell Market Analysis

The Middle-East and Africa battery cell market is expected to register a CAGR of more than 13.2% during the forecast period. Covid-19 was first detected in China between late 2019 and early 2020; since then, countries across the globe have been under strict lockdown, drastically impacting the battery cell market. In the Middle East and Africa, the battery market is import based, and due to restrictions on cross-border trades, the industry was negative impacts. Factors such as the significant rise in investment and development of renewable energy projects and supportive government policies and schemes to promote renewable energy coupled with rising EV sales are expected drivers for the Middle East and Africa battery cell market in the forecast period. However, battery cell safety concerns and a rise in battery caching fire incidents are expected to hinder the battery cell market in the near future.

  • Rising investment in renewable energy projects and supportive government policies are likely to drive the battery cell market during the forecast period.
  • Increased focus on the safety of battery cells coupled with rising investment in R&D of battery cells is expected to present a significant opportunity for battery cell manufacturing companies in the near future.
  • South Africa has dominated the battery cell market. The government's supportive policies for the development of renewable energy sources, as well as EVs-related infrastructure development, are expected to drive the market in the country.

MEA Battery Cell Industry Segmentation

The Scope of the Middle-East and Africa battery cell market includes:-

Type
Prismatic
Cylindrical
Pouch
Application
Automotive Batteries (HEV, PHEV, EV)
Industrial Batteries (Motive, Stationary (Telecom, UPS, Energy Storage Systems (ESS), etc.)
Portable Batteries (Consumer Electronics etc.)
Power Tools Batteries
SLI Batteries
Others
Geography
United Arab Emirates
Saudi Arabian
South Africa
Res of Middle-East and Africa
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Middle-East and Africa Battery Cell Market Size Summary

The Middle-East and Africa battery cell market is poised for significant growth, driven by increasing investments in renewable energy projects and supportive government policies. The market, which is heavily reliant on imports, faced challenges during the COVID-19 pandemic due to cross-border trade restrictions. However, the rising demand for electric vehicles and the development of renewable energy infrastructure are expected to propel the market forward. Despite concerns over battery cell safety and incidents of battery caching fires, the focus on enhancing battery safety and investing in research and development presents substantial opportunities for manufacturers. South Africa, in particular, is leading the market due to its government's initiatives to promote renewable energy and electric vehicle infrastructure.

The region's commitment to renewable energy is evident in the substantial investments and projects underway, such as those in Saudi Arabia and the United Arab Emirates, aimed at achieving net-zero emissions by 2050. These initiatives are expected to drive demand for battery energy storage systems, which are becoming increasingly vital for storing energy generated from intermittent renewable sources like solar and wind. The Middle-East and Africa's battery cell market is characterized by its fragmented nature, with key players including BYD Co. Ltd, Contemporary Amperex Technology Co. Limited, and others. The development of integrated battery chemicals complexes and new battery technologies further underscores the market's potential for growth during the forecast period.

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Middle-East and Africa Battery Cell Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Market Size and Demand Forecast in USD million, till 2027

    3. 1.3 Recent Trends and Developments

    4. 1.4 Government Policies and Regulations

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

      2. 1.5.2 Restraints

    6. 1.6 Supply Chain Analysis

    7. 1.7 Porter's Five Forces Analysis

      1. 1.7.1 Bargaining Power of Suppliers

      2. 1.7.2 Bargaining Power of Consumers

      3. 1.7.3 Threat of New Entrants

      4. 1.7.4 Threat of Substitute Products and Services

      5. 1.7.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Prismatic

      2. 2.1.2 Cylindrical

      3. 2.1.3 Pouch

    2. 2.2 Application

      1. 2.2.1 Automotive Batteries (HEV, PHEV, EV)

      2. 2.2.2 Industrial Batteries (Motive, Stationary (Telecom, UPS, Energy Storage Systems (ESS), etc.)

      3. 2.2.3 Portable Batteries (Consumer Electronics etc.)

      4. 2.2.4 Power Tools Batteries

      5. 2.2.5 SLI Batteries

      6. 2.2.6 Others

    3. 2.3 Geography

      1. 2.3.1 United Arab Emirates

      2. 2.3.2 Saudi Arabian

      3. 2.3.3 South Africa

      4. 2.3.4 Res of Middle-East and Africa

Middle-East and Africa Battery Cell Market Size FAQs

The Middle-East and Africa Battery Cell Market is projected to register a CAGR of greater than 13.20% during the forecast period (2024-2029)

BYD Co. Ltd, Contemporary Amperex Technology Co. Limited, Duracell Inc., EnerSys and Clarios are the major companies operating in the Middle-East and Africa Battery Cell Market.

Middle-East and Africa Battery Cell Report Snapshots

Middle-East and Africa Battery Cell Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)