Saudi Arabia Nickel Zinc Rechargeable Battery Market Size & Outlook
Saudi Arabia nickel zinc rechargeable battery market, 2018-2030 (US$M)
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Saudi Arabia nickel zinc rechargeable battery market highlights
- The Saudi Arabia nickel zinc rechargeable battery market generated a revenue of USD 0.2 million in 2023 and is expected to reach USD 1.2 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 25.1% 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.
Nickel zinc rechargeable battery market data book summary
| Market revenue in 2023 | USD 0.2 million |
| Market revenue in 2030 | USD 1.2 million |
| Growth rate | 25.1% (CAGR from 2023 to 2030) |
| Largest segment | Aaa battery |
| Fastest growing segment | 5AA Battery |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Saudi Arabia accounted for 1.8% of the global nickel zinc rechargeable battery market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, UAE nickel zinc rechargeable battery market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 1.2 million by 2030.
Aaa battery was the largest segment with a revenue share of 50% in 2023. Horizon Databook has segmented the Saudi Arabia nickel zinc rechargeable battery market based on 5aa battery, aaa battery covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for nickel zinc rechargeable batteries in Saudi Arabia is expected to experience significant growth in the coming years. The ambitious plans of the Government of the country to transition toward renewable energy and electric mobility are fueling the demand for reliable energy storage solutions, such as nickel zinc rechargeable batteries in Saudi Arabia.
The goal of the country to achieve net-zero emissions by 2060 has led to increased investments in EVs and the supporting infrastructures. This directly boosts the requirement for high performance battery technologies such as nickel zinc rechargeable batteries in the country over the forecast period.
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Nickel Zinc Rechargeable Battery Market Scope
Nickel Zinc Rechargeable Battery Market Companies
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Saudi Arabia nickel zinc rechargeable battery market size, by type, 2018-2030 (US$M)
Saudi Arabia Nickel Zinc Rechargeable Battery Market Outlook Share, 2023 & 2030 (US$M)
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