Middle East & Africa Metal Li-based Battery Casing Market Size & Outlook
Middle East & Africa metal li-based battery casing market, 2018-2030 (US$M)
Related Markets
MEA metal li-based battery casing market highlights
- The MEA metal li-based battery casing market generated a revenue of USD 4.7 million in 2023.
- The market is expected to grow at a CAGR of 16.7% from 2024 to 2030.
- In terms of segment, rechargeable was the largest revenue generating type in 2023.
- Rechargeable is the most lucrative type segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 4.7 million |
| Market revenue in 2030 | USD 13.9 million |
| Growth rate | 16.7% (CAGR from 2023 to 2030) |
| Largest segment | Rechargeable |
| Fastest growing segment | Rechargeable |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Primary, Rechargeable |
| Key market players worldwide | Constellium SE Class A, Gestamp Automocion, GF Casting Solutions, Granges AB, Magna International Inc, MINTH Group, NeMaK, Norsk Hydro ASA, Novelis UK, Targray, Thyssenkrupp AG, UACJ |
Other key industry trends
- In terms of revenue, MEA region accounted for 0.1% of the global metal li-based battery casing market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 17.7 million by 2030.
Rechargeable was the largest segment with a revenue share of 89.36% in 2023. Horizon Databook has segmented the Middle East & Africa metal li-based battery casing market based on primary, rechargeable covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East and Africa (MEA) are emerging regions in terms of mining. According to the IMF, the Middle East's GDP was 3.3% in 2023, while Africa's was 3.7% in the same year. Mining contributes 8% to 10% to Africa's overall GDP. whereas Middle Eastern countries emphasize expanding their GDP share in the mining industry. For instance, in September 2023, the Government of UAE set a target of 5% in mining GDP.
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Metal Li-based Battery Casing Market Scope
Metal Li-based Battery Casing Market Companies
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Middle East & Africa metal li-based battery casing market
Middle East & Africa Metal Li-based Battery Casing Market Outlook Share, 2023 & 2030 (US$M)
Middle East & Africa metal li-based battery casing market
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