UAE Nickel Zinc Rechargeable Battery Market Size & Outlook
UAE nickel zinc rechargeable battery market, 2018-2030 (US$M)
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UAE nickel zinc rechargeable battery market highlights
- The UAE nickel zinc rechargeable battery market generated a revenue of USD 0.3 million in 2023 and is expected to reach USD 1.3 million by 2030.
- The UAE market is expected to grow at a CAGR of 24.1% 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 0.3 million |
| Market revenue in 2030 | USD 1.3 million |
| Growth rate | 24.1% (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, UAE accounted for 2.1% 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 33.33% in 2023. Horizon Databook has segmented the UAE nickel zinc rechargeable battery market based on 5aa battery, aaa battery covering the revenue growth of each sub-segment from 2018 to 2030.
The UAE is expected to be a key consumer of nickel zinc rechargeable batteries in the Middle East & Africa in the coming years. The growth of the market for these batteries in the UAE can be attributed to the rising demand for EVs, portable electronic devices, and uninterruptible power supply (UPS) systems in the country.
Moreover, the increasing focus on grid stability and the growing deployment of renewable energy Sources in the UAE are expected to drive the demand for UPS systems in the country that rely on nickel zinc rechargeable batteries to provide backup power during grid outages.
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Nickel Zinc Rechargeable Battery Market Scope
Nickel Zinc Rechargeable Battery Market Companies
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UAE nickel zinc rechargeable battery market size, by type, 2018-2030 (US$M)
UAE Nickel Zinc Rechargeable Battery Market Outlook Share, 2023 & 2030 (US$M)
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