Middle East & Africa Nickel Zinc Rechargeable Battery Market Size & Outlook
Middle East & Africa nickel zinc rechargeable battery market, 2018-2030 (US$M)
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MEA nickel zinc rechargeable battery market highlights
- The MEA nickel zinc rechargeable battery market generated a revenue of USD 1.0 million in 2023.
- The market is expected to grow at a CAGR of 22.6% from 2024 to 2030.
- In terms of segment, aaa battery was the largest revenue generating type in 2023.
- 5AA Battery is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 1.0 million |
| Market revenue in 2030 | USD 4.2 million |
| Growth rate | 22.6% (CAGR from 2023 to 2030) |
| Largest segment | Aaa battery |
| Fastest growing segment | 5AA Battery |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | 5AA Battery, AAA Battery |
| Key market players worldwide | ZincFive, BetterPower Battery Co., Ansmann, EBLOFFICIAL, ZAF Energy Systems, EverZinc |
Other key industry trends
- In terms of revenue, MEA region accounted for 7.4% of the global nickel zinc rechargeable battery market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 13.1 million by 2030.
Aaa battery was the largest segment with a revenue share of 50% in 2023. Horizon Databook has segmented the Middle East & Africa nickel zinc rechargeable battery market based on 5aa battery, aaa battery covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing demand for nickel zinc rechargeable batteries in the Middle East & Africa can be attributed to several factors. The rising popularity of consumer electronics, such as smartphones and laptops, is driving the requirement for reliable and efficient energy storage solutions in the region.
Additionally, the growing adoption of electric vehicles (EVs) in the Middle East & Africa, supported by government incentives, is expected to further boost the demand for nickel zinc rechargeable batteries in the region over the forecast period.
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Nickel Zinc Rechargeable Battery Market Scope
Nickel Zinc Rechargeable Battery Market Companies
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MEA nickel zinc rechargeable battery market size, by country, 2018-2030 (US$M)
Middle East & Africa Nickel Zinc Rechargeable Battery Market Outlook Share, 2023 & 2030 (US$M)
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