Market Size of Middle-East and Africa Consumer Battery Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 6.50 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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MEA Consumer Battery Market Analysis
The Middle-East and Africa consumer battery market is expected to grow at a CAGR of more than 6.5% over the forecast period of 2022-2027. In 2020, due to the outbreak of COVID-19, the major countries in the region such as Saudi Arabia, United Arab Emirates, Morocco, and South Africa witnessed a drop in consumer spending, which negatively affected the batteries market. Further, in 2020, the region witnessed a severe drop in its tourism industry, which directly impacted the demand for consumer batteries from commercial sectors. The Middle-East and Africa consumer battery market is driven by declining lithium-ion battery prices, and increasing sales in portable electronic devices across the region. However, the demand-supply mismatch of raw materials in the region is likely to hinder the market growth during the forecast period.
- The lithium-ion battery (LIB) is expected to witness significant growth in the market during the forecast period due to its high electrode potential, high charge, and favorable capacity-to-weight ratio.
- The healthcare industry is focusing on designing technology that is less intrusive and more portable for home use, which has led to an increase in demand for smaller devices, such as oxygen concentrators, ventilators, etc. This, in turn, is expected to create market opportunities for consumer battery manufacturers.
- The Saudi Arabia is expected to dominate the market, owing to its purchase of consumer electronics, including smartphones and the diverse population of the country.
