South Africa Lithium-ion Battery Market Size & Outlook
South Africa lithium-ion battery market, 2018-2030 (US$M)
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South Africa lithium-ion battery market highlights
- The South Africa lithium-ion battery market generated a revenue of USD 0.8 million in 2023 and is expected to reach USD 4.5 million by 2030.
- The South Africa market is expected to grow at a CAGR of 27.9% from 2024 to 2030.
- In terms of segment, lithium nickel manganese cobalt (nmc) was the largest revenue generating product in 2023.
- Lithium Iron Phosphate (LiFePO4) is the most lucrative product segment registering the fastest growth during the forecast period.
Lithium-ion battery market data book summary
| Market revenue in 2023 | USD 0.8 million |
| Market revenue in 2030 | USD 4.5 million |
| Growth rate | 27.9% (CAGR from 2023 to 2030) |
| Largest segment | Lithium nickel manganese cobalt (nmc) |
| Fastest growing segment | Lithium Iron Phosphate (LiFePO4) |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Lithium Cobalt Oxide (LCO), Lithium Iron Phosphate (LiFePO4), Lithium Nickel Cobalt Aluminum Oxide (NCA), Lithium Manganese Oxide (LMO), Lithium Titanate (LTO), Lithium Nickel Manganese Cobalt (NMC) |
| Key market players worldwide | BYD Co Ltd ADR, Hitachi Ltd, Johnson Controls International PLC, LG Chem, Panasonic Holdings Corp, Samsung SDI Co Ltd GDR - 144A, Toshiba Tec Corp ADR, GS Yuasa Corp |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.2% of the global lithium-ion battery market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia lithium-ion battery market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 16.3 million by 2030.
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Lithium-ion Battery Market Scope
Lithium-ion Battery Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa lithium-ion 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 lithium-ion battery market will help companies and investors design strategic landscapes.
Lithium nickel manganese cobalt (nmc) was the largest segment with a revenue share of 12.5% in 2023. Horizon Databook has segmented the South Africa lithium-ion battery market based on lithium cobalt oxide (lco), lithium iron phosphate (lifepo4), lithium nickel cobalt aluminum oxide (nca), lithium manganese oxide (lmo), lithium titanate (lto), lithium nickel manganese cobalt (nmc) covering the revenue growth of each sub-segment from 2018 to 2030.
Automobile manufacturers are showing interest in setting manufacturing plants in the country which is likely to fuel the demand for lithium-ion battery over the upcoming years.
R&D activities and adaptation engineering by multinational enterprises in the country have led to the design and development of new products using global platforms in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa lithium-ion battery market , including forecasts for subscribers. This country databook contains high-level insights into South Africa lithium-ion battery market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa lithium-ion battery market size, by product, 2018-2030 (US$M)
South Africa Lithium-ion Battery Market Outlook Share, 2023 & 2030 (US$M)
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