South Africa Nickel Zinc Rechargeable Battery Market Size & Outlook
South Africa nickel zinc rechargeable battery market, 2018-2030 (US$M)
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South Africa nickel zinc rechargeable battery market highlights
- The South Africa nickel zinc rechargeable battery market generated a revenue of USD 0.2 million in 2023 and is expected to reach USD 1.0 million by 2030.
- The South Africa market is expected to grow at a CAGR of 23% 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 1.0 million |
| Growth rate | 23% (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, South Africa accounted for 1.7% 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 South Africa nickel zinc rechargeable battery market based on 5aa battery, aaa battery covering the revenue growth of each sub-segment from 2018 to 2030.
Nickel zinc rechargeable battery market is expected to witness moderate growth in South Africa. However, the increasing focus on grid stability and the growing deployment of renewable energy Sources in South Africa are expected to drive the demand for UPS systems in the country.
Overall, the combination of the commitment of the Government of South Africa to sustainable development, its expanding electric vehicle market, and the surging reliance on portable electronics and UPS systems in the country are poised to position South Africa as a key player in nickel zinc rechargeable battery market in the Middle East & Africa in the coming years.
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Nickel Zinc Rechargeable Battery Market Scope
Nickel Zinc Rechargeable Battery Market Companies
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South Africa nickel zinc rechargeable battery market size, by type, 2018-2030 (US$M)
South Africa Nickel Zinc Rechargeable Battery Market Outlook Share, 2023 & 2030 (US$M)
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