Middle East battery market size is projected to exhibit a growth rate (CAGR) of 2.94% during 2024-2032. The growing shift towards sustainable energy sources to reduce the dependence on non-renewable energy sources, rising proliferation of connected devices, ranging from smart home appliances to industrial sensors, and increasing demand for utility-scale energy storage projects represent some of the key factors driving the market.
Report Attribute
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Key Statistics
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Base Year
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2023 |
Forecast Years
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2024-2032 |
Historical Years
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2018-2023
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Market Growth Rate (2024-2032) | 2.94% |
A battery is a device that stores and releases electrical energy through electrochemical reactions. It consists of one or more electrochemical cells, each comprising positive and negative electrodes separated by an electrolyte. It is available as alkaline batteries, which are disposable, cost-effective, and have a long shelf life. It is also categorized as lithium-ion (Li-ion) batteries that are rechargeable batteries and offer high energy density and a longer cycle life. It includes lead-acid batteries, which are used in uninterruptible power supply (UPS) applications. It encompasses nickel-metal hydride (NiMH) batteries, which are rechargeable and often used in devices like digital cameras and power tools. It enables the portability of devices, making them convenient and user-friendly. It provides a flexible and portable source of power, allowing devices to be used in diverse environments without the need for a constant external power supply. It also plays a crucial role in the transition to a cleaner and more sustainable energy future by reducing reliance on fossil fuels.
At present, the increasing shift towards more sustainable and renewable energy sources to reduce the dependence on non-renewable energy sources and carbon footprint represents one of the crucial factors impelling the growth of the market in the Middle East. Besides this, governing agencies in the region are setting ambitious targets to reduce carbon emissions and facilitate the adoption of electric vehicles (EVs). This shift towards electric mobility is creating a rise in demand for Li-ion batteries with higher energy capacity, faster charging capabilities, and longer lifespan. In addition, as solar and wind power installations are proliferating, the need for effective energy storage solutions is becoming imperative. Batteries play a crucial role in storing excess energy generated during periods of high renewable energy production and releasing it during periods of high demand. The growing demand for utility-scale energy storage projects is also offering lucrative opportunities to battery manufacturers. Apart from this, increasing concerns associated with traditional battery disposal are compelling key market players to explore and develop alternative materials and designs that minimize ecological footprint. Manufacturers are also adopting circular economy principles, emphasizing the recycling and repurposing of battery materials to reduce waste and conserve resources. Additionally, the rising proliferation of connected devices, ranging from smart home appliances to industrial sensors, is catalyzing the demand for compact and long-lasting batteries. Moreover, the increasing popularity of solid-state batteries, as they offer higher energy density, improved safety, and longer lifespan, is bolstering the market growth in the region.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the regional and country levels for 2024-2032. Our report has categorized the market based on type, product, and application.
Type Insights:
The report has provided a detailed breakup and analysis of the market based on the type. This includes primary battery and secondary battery.
Product Insights:
A detailed breakup and analysis of the market based on the product have also been provided in the report. This includes lithium-ion, lead acid, nickel metal hydride, nickel cadmium, and others.
Application Insights:
The report has provided a detailed breakup and analysis of the market based on the application. This includes automotive batteries, industrial batteries, and portable batteries.
Country Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include Saudi Arabia, Turkey, Israel, United Arab Emirates, Iran, Iraq, Qatar, Kuwait, Oman, Jordan, Bahrain, and Others.
The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Units | US$ Million |
Scope of the Report | Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Types Covered | Primary Battery, Secondary Battery |
Products Covered | Lithium-Ion, Lead Acid, Nickel Metal Hydride, Nickel Cadmium, Others |
Applications Covered | Automotive Batteries, Industrial Batteries, Portable Batteries |
Countries Covered | Saudi Arabia, Turkey, Israel, United Arab Emirates, Iran, Iraq, Qatar, Kuwait, Oman, Jordan, Bahrain, Others |
Customization Scope | 10% Free Customization |
Report Price and Purchase Option | Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699 |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |