
Study Period | 2020 - 2030 |
Base Year For Estimation | 2024 |
Forecast Data Period | 2025 - 2030 |
Market Size (2025) | USD 7.55 Billion |
Market Size (2030) | USD 10.60 Billion |
CAGR (2025 - 2030) | 7.00 % |
Market Concentration | Low |
Major Players![]() *Disclaimer: Major Players sorted in no particular order |
Middle East And Africa Battery Market Analysis
The Middle East And Africa Battery Market size is estimated at USD 7.55 billion in 2025, and is expected to reach USD 10.60 billion by 2030, at a CAGR of greater than 7% during the forecast period (2025-2030).
The Middle East and Africa battery market is experiencing transformative growth amid rapid industrialization and economic diversification initiatives across the region. According to the International Monetary Fund, Saudi Arabia emerged as the fastest-growing G20 economy in 2022, achieving an impressive 8.7% growth rate, reflecting the region's economic vitality and increasing industrial output. This economic momentum has catalyzed investments in advanced manufacturing capabilities, particularly in battery technology and energy storage battery solutions. The region's strategic focus on developing domestic manufacturing capabilities is evidenced by recent developments, such as the February 2024 announcement of Sustainable Communities Corporation's partnership with Okafor Motors to establish zinc-air and hemp carbon battery manufacturing facilities in Nigeria.
The market is witnessing significant technological advancement and innovation in battery chemistry and design. In January 2024, Form Energy made substantial progress in iron-air battery technology, promising energy storage battery solutions at one-tenth the cost of traditional lithium-ion batteries with extended storage capacity of up to 100 hours. This technological evolution is complemented by strategic investments in manufacturing infrastructure, as demonstrated by the December 2023 agreement between Nigeria and China for the construction of a USD 150 million lithium-ion battery manufacturing plant, signaling the region's commitment to developing domestic battery production capabilities.
The digital transformation across the region is driving substantial demand for reliable battery storage solutions, particularly in the telecommunications and data center sectors. As of 2022, 98% of Saudi Arabia's population accessed the internet through mobile devices, highlighting the critical need for robust backup power systems and grid storage battery solutions in the telecommunications infrastructure. This digital revolution is creating new opportunities for battery manufacturers, especially in providing solutions for uninterrupted power supply systems and backup power solutions for critical infrastructure.
The region is witnessing a significant shift toward sustainable transportation and energy storage battery solutions. The United Arab Emirates has demonstrated remarkable progress in sustainable energy infrastructure, achieving an installed solar photovoltaic capacity of 3,040 MW in 2022. Additionally, the UAE's electric vehicle battery market showed substantial growth with over 20,000 electric vehicles registered in 2022, indicating a growing demand for advanced battery technologies in the transportation sector. This transition is further supported by recent developments such as LOHUM Cleantech's announcement in December 2023 to construct the UAE's first EV battery recycling plant, which will have the capacity to recycle 3,000 tonnes of lithium-ion batteries annually and repurpose 15MWh of solar battery capacity into sustainable energy storage battery systems.
Middle East And Africa Battery Market Trends
Growing Renewable Energy Sector
The Middle East and Africa region is witnessing a significant transformation in its energy landscape, with countries increasingly embracing renewable energy sources to diversify their energy generation portfolio and reduce reliance on fossil fuels. The United Arab Emirates has demonstrated substantial commitment to renewable energy development, with its installed renewable energy capacity reaching 3.05 GW in 2022, marking a remarkable 24-fold increase over the last decade. This transition is further supported by ambitious government initiatives, such as Dubai's Energy Strategy 2050, which aims to increase the share of renewable energy to 25% by 2030 and an impressive 75% by 2050, backed by a substantial investment commitment of AED 600 billion to ensure sustainable economic growth and meet growing energy demands.
The integration of battery energy storage systems has become increasingly crucial as renewable energy adoption accelerates across the region. This is evidenced by significant recent developments, such as the Emirates Water and Electricity Company's (EWEC) announcement in August 2023 to commence the tender process for a 400-megawatt battery energy storage system project with one hour of storage depth. Similarly, Saudi Arabia has demonstrated its commitment to renewable energy integration through projects like the Red Sea Development Company's plans to deploy approximately one GWh of battery storage to create one of the world's largest luxury tourist complexes powered by renewable energy. The growing focus on battery storage solutions is further exemplified by Qatar's aggressive investments in solar power, including the 800 MW Al Kharsaah solar PV plant installed in 2022, comprising over 1.8 million solar panels with an estimated annual electricity generation capacity of approximately two terawatt-hours (TWh).
Segment Analysis: Battery Type
Lead Acid Battery Segment in Middle East and Africa Battery Market
The lead acid battery segment continues to dominate the Middle East and Africa battery market, holding approximately 40% market share in 2024. This significant market position is driven by the segment's widespread use in automotive applications, particularly in Starting, Lighting, and Ignition (SLI) systems for conventional vehicles. The technology's maturity, established recycling infrastructure, and cost-effectiveness have contributed to its sustained leadership in the market. Lead acid batteries are extensively deployed across various applications including uninterruptible power supplies (UPS), telecom infrastructure, and industrial equipment, particularly in regions where cost considerations play a crucial role in technology adoption.

Lithium-ion Battery Segment in Middle East and Africa Battery Market
The lithium-ion battery segment is experiencing remarkable growth in the Middle East and Africa battery market, driven by increasing adoption in electric vehicles, renewable energy storage systems, and consumer electronics. The segment's growth is supported by declining manufacturing costs, improving energy density, and enhanced safety features. The expansion of renewable energy projects across the region, particularly in countries like the UAE and Saudi Arabia, is creating substantial opportunities for lithium-ion battery deployment in grid-scale energy storage applications. Additionally, the segment is benefiting from various government initiatives promoting electric vehicle adoption and sustainable energy solutions across the region.
Remaining Segments in Battery Type
The Middle East and Africa battery market encompasses several other emerging technologies including sodium-ion, iron-air, solid-state, and other specialized battery types. Solid-state batteries are gaining attention due to their enhanced safety features and higher energy density potential, while sodium-ion batteries are emerging as a cost-effective alternative for grid storage applications. Iron-air batteries are being explored for their potential in long-duration energy storage, particularly in renewable energy applications. These emerging technologies, though currently holding smaller market shares, are expected to play increasingly important roles in specific applications as the technology matures and costs decrease.
Segment Analysis: Application
Automobile Segment in Middle East and Africa Battery Market
The automobile battery segment dominates the Middle East and Africa battery market, accounting for approximately 42% of the total market share in 2024. This significant market position is driven by the increasing adoption of electric vehicles across the region, particularly in countries like Saudi Arabia and the United Arab Emirates. The Saudi government's Vision 2030 initiative and commitment to reducing oil dependency has led to substantial investments in electric vehicle infrastructure and manufacturing capabilities. The UAE's ambitious goal of having 50% electric cars by 2050, coupled with the announcement to increase charging stations by 170% by 2025 in Dubai, further strengthens the automobile battery segment's market leadership. Additionally, the growing conventional vehicle market, which requires lead acid batteries for starting, lighting, and ignition applications, continues to contribute significantly to this segment's dominance.
Renewables Segment in Middle East and Africa Battery Market
The renewables segment is emerging as the fastest-growing application in the Middle East and Africa battery market, with projections indicating robust growth between 2024 and 2029. This exceptional growth is driven by ambitious renewable energy targets across the region, particularly in the UAE and Saudi Arabia. The UAE's commitment to achieving 44% renewable energy in its total energy mix by 2050 and Saudi Arabia's goal of transitioning to 100% renewable energy by 2050 are creating substantial opportunities for rechargeable battery storage solutions. The implementation of large-scale solar projects, such as the Al Dhafra facility with its 250 MW lithium-ion battery storage system, demonstrates the increasing integration of battery storage with renewable energy installations. Furthermore, the region's focus on grid stability and energy security is driving investments in battery energy storage systems, particularly in countries like Qatar and South Africa.
Remaining Segments in Application
The other significant segments in the Middle East and Africa battery market include electronic devices, uninterruptible power supply (UPS), industrial applications, and other miscellaneous uses. The electronic devices segment is experiencing steady growth due to increasing digitalization and smartphone penetration across the region. The UPS segment plays a crucial role in providing backup power solutions for data centers, telecommunications, and critical infrastructure, particularly in regions with unstable power supply. The industrial segment serves various applications including material handling equipment, construction machinery, and manufacturing processes. Other applications encompass power tools, residential energy storage, and various consumer applications, contributing to the market's diverse application portfolio.
Middle East And Africa Battery Market Geography Segment Analysis
Battery Market in United Arab Emirates
The United Arab Emirates stands as the dominant force in the Middle East and Africa battery market, commanding approximately 24% of the total market share in 2024. The country's leadership position is underpinned by its ambitious renewable energy targets and aggressive EV battery adoption policies. The UAE government has taken significant steps toward clean energy transition, with plans to invest AED 600 billion by 2050 to ensure sustainable economic growth. The country's commitment to developing battery manufacturing capabilities is evident through recent initiatives, such as the establishment of the UAE's first EV battery recycling plant through LOHUM Cleantech's collaboration with the Ministry of Energy & Infrastructure. Furthermore, the nation's focus on grid-scale energy storage battery installations and energy storage solutions, exemplified by EWEC's battery energy storage system projects, demonstrates its commitment to integrating renewable energy sources effectively. The UAE's strategic position as a technology hub and its supportive regulatory framework have attracted significant investments in battery technology and manufacturing facilities.
Battery Market in Saudi Arabia
Saudi Arabia's battery market is experiencing a remarkable transformation driven by the Kingdom's Vision 2030 initiative and the Saudi Green Initiative. The country has positioned itself as a significant hub for battery manufacturing and electric vehicle production in the Gulf region. Recent developments include the establishment of a battery chemicals complex worth approximately USD 899 million at Yanbu Industrial City by EV Metals Arabia Company for Industry. The Kingdom's focus on developing domestic manufacturing capabilities extends to various battery applications, from electric vehicles to grid-scale energy storage systems. Saudi Arabia's strategic partnerships with global players and investments through its Public Investment Fund demonstrate its commitment to becoming a regional leader in battery technology. The country's emphasis on localizing the battery supply chain and developing technical expertise has attracted significant foreign direct investment in the sector. Additionally, the Kingdom's efforts to diversify its economy away from oil dependency have created favorable conditions for the growth of the battery market across multiple applications.
Battery Market in Nigeria
Nigeria's battery market is undergoing significant evolution, primarily driven by the country's pressing need to address its substantial energy access deficit. As Africa's largest economy and most populous nation, Nigeria presents unique opportunities and challenges in the battery sector. The country's focus on renewable energy integration, particularly through initiatives like the Nigerian Electrification Project, has created growing demand for solar battery storage solutions. The government's collaboration with international organizations and recent agreements with major battery manufacturers demonstrate its commitment to developing the sector. Nigeria's strategic position in West Africa and its large consumer base make it an attractive market for battery manufacturers and energy storage solution providers. The country's efforts to improve its power infrastructure and increase electricity access have led to growing demand for industrial battery solutions across various applications, from telecommunications to renewable energy storage. Furthermore, Nigeria's push toward industrial development and technological advancement has created new opportunities for battery deployment in commercial and industrial applications.
Battery Market in Other Countries
The battery market in other Middle Eastern and African countries presents a diverse landscape of opportunities and challenges. Countries like Qatar, Morocco, Israel, and South Africa are making significant strides in developing their battery markets through various initiatives and investments. Qatar's focus on integrating battery storage with its renewable energy projects, Morocco's efforts to establish domestic battery manufacturing capabilities, and South Africa's push toward energy storage solutions demonstrate the region's growing commitment to battery technology. Israel's strong technology sector and innovation ecosystem have contributed to advancements in battery research and development. Other nations in the region are also showing increasing interest in battery technologies, particularly for renewable energy storage and electric vehicle applications. The varying levels of economic development, regulatory frameworks, and energy needs across these countries create a complex but promising market landscape for battery technologies and applications.
Middle East And Africa Battery Industry Overview
Top Companies in Middle East and Africa Battery Market
The Middle East and Africa battery market features a mix of global leaders and regional specialists actively shaping the industry landscape. Companies are increasingly focusing on developing advanced lithium-ion batteries and energy storage solutions to meet the growing demand from the renewable energy and electric vehicle sectors. Strategic partnerships and collaborations, particularly in Saudi Arabia and the UAE, are becoming more prevalent as companies aim to establish local manufacturing facilities and strengthen their regional presence. Product innovation is primarily centered around improving battery efficiency, longevity, and sustainability, with several players investing in research and development of next-generation battery technologies. Operational agility is demonstrated through the establishment of regional distribution networks and after-sales service centers, while expansion strategies largely focus on developing local production capabilities to reduce import dependence and align with government localization initiatives.
Market Structure Shows Regional Growth Potential
The Middle East and Africa battery market exhibits a moderately consolidated structure with a balanced presence of both global conglomerates and regional specialists. Global players like Panasonic, BYD, and EnerSys leverage their technological expertise and established brand presence to maintain significant market share, while regional players such as Middle East Battery Company (MEBCO) capitalize on their local market knowledge and established distribution networks. The market is characterized by increasing vertical integration efforts, particularly in Saudi Arabia and the UAE, where companies are establishing end-to-end capabilities from manufacturing to distribution.
The market is witnessing a gradual shift towards local manufacturing capabilities, driven by government initiatives and increasing demand for batteries across various sectors. Merger and acquisition activities are primarily focused on acquiring technological capabilities and expanding geographical presence, with particular emphasis on markets showing strong growth potential like Saudi Arabia, the UAE, and Nigeria. Companies are increasingly forming strategic alliances with technology providers and local partners to strengthen their market position and enhance their product offerings, while also investing in developing local talent and manufacturing expertise.
Innovation and Localization Drive Future Success
For incumbent players to maintain and expand their market share, focus needs to be placed on developing innovative battery solutions that address specific regional requirements, particularly in terms of performance under extreme weather conditions and integration with renewable energy systems. Companies must invest in establishing local manufacturing facilities to benefit from government incentives and reduce operational costs. Building strong relationships with key end-users in the automotive battery, renewable energy, and industrial sectors while offering comprehensive after-sales support and maintenance services will be crucial for long-term success.
New entrants and contenders can gain ground by focusing on niche applications and underserved market segments, particularly in emerging areas such as grid-scale energy storage battery and electric vehicle infrastructure. Success will depend on developing cost-effective solutions while maintaining quality standards, establishing strong local partnerships, and creating efficient distribution networks. The regulatory landscape is increasingly favoring local manufacturing and environmental sustainability, making it essential for companies to align their strategies with these requirements. While substitution risk from alternative energy storage technologies exists, the growing demand across multiple sectors provides ample opportunities for both established players and new entrants to capture market share through differentiated offerings and strategic positioning.
Middle East And Africa Battery Market Leaders
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C&D Technologies Inc.
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East Penn Manufacturing Co. Inc.
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Exide Industries Ltd
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First National Battery Pty Ltd
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Middle East Battery Company (MEBCO)
- *Disclaimer: Major Players sorted in no particular order

Middle East And Africa Battery Market News
- Aug 2023: Mahindra & Mahindra, India's fourth largest car manufacturer, unveiled the electric version of the Thar SUV at an event in South Africa. Apart from the Thar.e, Mahindra also unveiled seven new tractor models at the event in Cape Town, South Africa.
- Jun 2023: Saudi Arabia's Ministry of Investment signed a USD 5.6 billion deal with Chinese electric car maker Human Horizons to collaborate on the development, manufacture, and sale of vehicles
MEA Battery Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Scope of the Study
- 1.2 Market Definition
- 1.3 Study Assumptions
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET OVERVIEW
- 4.1 Introduction
- 4.2 Market Size and Demand Forecast in USD billion, till 2029
- 4.3 Recent Trends and Developments
- 4.4 Government Policies and Regulations
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4.5 Market Dynamics
- 4.5.1 Drivers
- 4.5.1.1 Declining lithium-ion battery prices
- 4.5.1.2 Increasing adoption of electric vehicles
- 4.5.2 Restraints
- 4.5.2.1 Demand-supply mismatch of raw materials
- 4.6 Supply Chain Analysis
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4.7 Porter's Five Forces Analysis
- 4.7.1 Bargaining Power of Suppliers
- 4.7.2 Bargaining Power of Consumers
- 4.7.3 Threat of New Entrants
- 4.7.4 Threat of Substitutes Products and Services
- 4.7.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Type
- 5.1.1 Primary Battery
- 5.1.2 Secondary Battery
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5.2 Technology
- 5.2.1 Lead-acid Battery
- 5.2.2 Lithium-ion Battery
- 5.2.3 Nickel-metal Hydride (NiMH) Battery
- 5.2.4 Other Technologies (Nickel-cadmium (NiCD) Battery, Nickel–zinc (NiZn) Battery, etc.)
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5.3 Application
- 5.3.1 Automotive Batteries
- 5.3.2 Industrial Batteries (Motive, Stationary (Telecom, UPS, Energy Storage Systems (ESS), etc.)
- 5.3.3 Portable Batteries (Consumer Electronics, etc.)
- 5.3.4 Other Applications
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5.4 Geography
- 5.4.1 Saudi Arabia
- 5.4.2 United Arab Emirates
- 5.4.3 South Africa
- 5.4.4 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Strategies Adopted by Leading Players
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6.3 Company Profiles
- 6.3.1 Panasonic Corporation
- 6.3.2 SAFT GROUPE SA
- 6.3.3 Middle East Battery Company (MEBCO)
- 6.3.4 Amara Raja Batteries Ltd
- 6.3.5 First National Battery Pty Ltd
- 6.3.6 EnerSys
- 6.3.7 C&D Technologies Inc.
- 6.3.8 East Penn Manufacturing Co. Inc.
- 6.3.9 Exide Industries Ltd
- *List Not Exhaustive
- 6.4 Market Share
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Use of energy storage with solar PV
Middle East And Africa Battery Industry Segmentation
A battery stores energy and discharges it by converting chemical energy into electricity. Typical batteries most often produce electricity by chemical means through the use of one or more electrochemical cells.
The Middle-East and Africa Battery Market is Segmented by Type (Primary Battery and Secondary Battery), Technology (Lead-acid Battery, Lithium-ion Battery, Nickel-metal Hydride (NiMH) Battery, and Other Technologies (Nickel-cadmium (NiCD) Battery, Nickel-Zinc (NiZn) Battery, etc.)), Application (Automotive Batteries, Industrial Batteries (Motive, Stationary (Telecom, UPS, Energy Storage Systems (ESS), etc.), Portable Batteries (Consumer Electronics, etc.), and Other Applications), and Geography (Saudi Arabia, United Arab Emirates, South Africa, and Rest of Middle-East and Africa).
Type | Primary Battery |
Secondary Battery | |
Technology | Lead-acid Battery |
Lithium-ion Battery | |
Nickel-metal Hydride (NiMH) Battery | |
Other Technologies (Nickel-cadmium (NiCD) Battery, Nickel–zinc (NiZn) Battery, etc.) | |
Application | Automotive Batteries |
Industrial Batteries (Motive, Stationary (Telecom, UPS, Energy Storage Systems (ESS), etc.) | |
Portable Batteries (Consumer Electronics, etc.) | |
Other Applications | |
Geography | Saudi Arabia |
United Arab Emirates | |
South Africa | |
Rest of Middle-East and Africa |
MEA Battery Market Research FAQs
How big is the Middle East And Africa Battery Market?
The Middle East And Africa Battery Market size is expected to reach USD 7.55 billion in 2025 and grow at a CAGR of greater than 7% to reach USD 10.60 billion by 2030.
What is the current Middle East And Africa Battery Market size?
In 2025, the Middle East And Africa Battery Market size is expected to reach USD 7.55 billion.
Who are the key players in Middle East And Africa Battery Market?
C&D Technologies Inc., East Penn Manufacturing Co. Inc., Exide Industries Ltd, First National Battery Pty Ltd and Middle East Battery Company (MEBCO) are the major companies operating in the Middle East And Africa Battery Market.
What years does this Middle East And Africa Battery Market cover, and what was the market size in 2024?
In 2024, the Middle East And Africa Battery Market size was estimated at USD 7.02 billion. The report covers the Middle East And Africa Battery Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Middle East And Africa Battery Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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