West Africa Battery Market Size and Share

West Africa Battery Market Summary
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West Africa Battery Market Analysis by Mordor Intelligence

The West Africa Battery Market is expected to register a CAGR of greater than 4% during the forecast period.

  • The lead-acid battery technology is expected to dominate in the West African battery market due to the increased production of automobiles and motorcycles during the forecast period.
  • The expansion of mini-grid systems for battery storage systems is expected to soon create immense opportunities for the West African battery market.
  • Ghana is expected to dominate the battery market during the forecast period due to the increasing adoption of consumer electronic goods and renewable energy deployment.

Competitive Landscape

The West African battery market is moderately consolidated. The key players in the market include The Ibeto Group, Forgo Battery Company Limited, Luminous Power Technologies, Franerix Solar Solutions Limited, and Robert Bosch (Pty) Ltd.

West Africa Battery Industry Leaders

  1. The Ibeto Group

  2. Forgo Battery Company Limited

  3. Luminous Power Technologies

  4. Franerix Solutions Ltd

  5. Robert Bosch (Pty) Ltd.

  6. *Disclaimer: Major Players sorted in no particular order
 The Ibeto Group, Forgo Battery Company Limited, Luminous Power Technologies, Franerix Solar Solutions Limited, Panasonic Corporation
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Recent Industry Developments

  • September 2020: the United States Trade and Development Agency (USTDA ) awarded a grant for a feasibility study to help Lekela Energie Stockage deploy utility-scale battery storage technology in support of its Taiba N'Diaye wind farm, the largest of its kind in Senegal and West Africa.
  • January 2021: the Renewable Energy Performance Platform (REPP) invested USD 1,364 million (EUR 1 million) into a renewable-powered battery rental company, targeting off-grid communities in West Africa.
  • June 2021: the World Bank Group provided USD 465 million to expand energy access and Renewable Energy Integration in West Africa. The new Regional Electricity Access and Battery-Energy Storage Technologies (BEST) Project approved by the World Bank Group will increase grid connections in fragile areas of the Sahel.

Table of Contents for West Africa Battery Industry Report

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD million, till 2027
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 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 Substitute Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Technology
    • 5.1.1 Lead-acid Battery
    • 5.1.2 Lithium-ion Battery
    • 5.1.3 Other Battery Technologies
  • 5.2 Application
    • 5.2.1 Automotive (HEV, PHEV, EV)
    • 5.2.2 SLI (Starting, Lighting, and Ignition) Batteries
    • 5.2.3 Industrial Batteries (Motive, Stationary (Telecom, UPS, Energy Storage Systems (ESS), etc.))
    • 5.2.4 Portable Batteries (Consumer Electronics, etc.)
    • 5.2.5 Other Applications
  • 5.3 Geography
    • 5.3.1 Ghana
    • 5.3.2 Nigeria
    • 5.3.3 Senegal
    • 5.3.4 Rest of West Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 The Ibeto Group
    • 6.3.2 Forgo Battery Company Limited
    • 6.3.3 Luminous Power Technologies
    • 6.3.4 Franerix Solar Solutions Limited
    • 6.3.5 Panasonic Corporation
    • 6.3.6 Toshiba Corporation
    • 6.3.7 Robert Bosch (Pty) Ltd
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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West Africa Battery Market Report Scope

The West African battery market report includes:

Technology
Lead-acid Battery
Lithium-ion Battery
Other Battery Technologies
Application
Automotive (HEV, PHEV, EV)
SLI (Starting, Lighting, and Ignition) Batteries
Industrial Batteries (Motive, Stationary (Telecom, UPS, Energy Storage Systems (ESS), etc.))
Portable Batteries (Consumer Electronics, etc.)
Other Applications
Geography
Ghana
Nigeria
Senegal
Rest of West Africa
Technology Lead-acid Battery
Lithium-ion Battery
Other Battery Technologies
Application Automotive (HEV, PHEV, EV)
SLI (Starting, Lighting, and Ignition) Batteries
Industrial Batteries (Motive, Stationary (Telecom, UPS, Energy Storage Systems (ESS), etc.))
Portable Batteries (Consumer Electronics, etc.)
Other Applications
Geography Ghana
Nigeria
Senegal
Rest of West Africa
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Key Questions Answered in the Report

What is the current West Africa Battery Market size?

The West Africa Battery Market is projected to register a CAGR of greater than 4% during the forecast period (2025-2030)

Who are the key players in West Africa Battery Market?

The Ibeto Group, Forgo Battery Company Limited, Luminous Power Technologies, Franerix Solutions Ltd and Robert Bosch (Pty) Ltd. are the major companies operating in the West Africa Battery Market.

What years does this West Africa Battery Market cover?

The report covers the West Africa Battery Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the West Africa Battery Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

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