Saudi Arabia Advanced Battery Market Size & Outlook
Saudi Arabia advanced battery market, 2016-2027 (US$M)
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Saudi Arabia advanced battery market highlights
- The Saudi Arabia advanced battery market generated a revenue of USD 1,238.5 million in 2019 and is expected to reach USD 2,864.3 million by 2027.
- The Saudi Arabia market is expected to grow at a CAGR of 11% from 2020 to 2027.
- In terms of segment, lithium ion polymer battery was the largest revenue generating product in 2019.
- Sodium Sulfur Battery is the most lucrative product segment registering the fastest growth during the forecast period.
Advanced battery market data book summary
| Market revenue in 2019 | USD 1,238.5 million |
| Market revenue in 2027 | USD 2,864.3 million |
| Growth rate | 11% (CAGR from 2019 to 2027) |
| Largest segment | Lithium ion polymer battery |
| Fastest growing segment | Sodium Sulfur Battery |
| Historical data | 2016 - 2018 |
| Base year | 2019 |
| Forecast period | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Lithium Ion Polymer Battery, Sodium Sulfur Battery, Sodium Metal Halide Battery, Advanced Lead Acid Battery, Smart Nano Battery |
| Key market players worldwide | GS Yuasa Corp, Thermo Fisher Scientific Inc, PolyPlus Battery Company, Oxis Energy, Samsung SDI Co Ltd GDR - 144A |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 1.9% of the global advanced battery market in 2019.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In Middle East & Africa, UAE advanced battery market is projected to lead the regional market in terms of revenue in 2027.
- Egypt is the fastest growing regional market in Middle East & Africa and is projected to reach USD 1,642.8 million by 2027.
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Advanced Battery Market Scope
Advanced Battery Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia advanced battery market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to advanced battery market will help companies and investors design strategic landscapes.
Lithium ion polymer battery was the largest segment with a revenue share of 17.85% in 2019. Horizon Databook has segmented the Saudi Arabia advanced battery market based on lithium ion polymer battery, sodium sulfur battery, sodium metal halide battery, advanced lead acid battery, smart nano battery covering the revenue growth of each sub-segment from 2016 to 2027.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia advanced battery market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia advanced battery market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Saudi Arabia advanced battery market size, by product, 2016-2027 (US$M)
Saudi Arabia Advanced Battery Market Outlook Share, 2019 & 2027 (US$M)
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