Middle East & Africa Solid State Battery Market Size & Outlook
Middle East & Africa solid state battery market, 2016-2028 (US$M)
Related Markets
MEA solid state battery market highlights
- The MEA solid state battery market generated a revenue of USD 12.2 million in 2021.
- The market is expected to grow at a CAGR of 27.4% from 2022 to 2028.
- In terms of segment, consumer & portable electronics was the largest revenue generating application in 2021.
- Electric Vehicles is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Egypt is expected to register the highest CAGR from 2022 to 2028.
MEA data book summary
| Market revenue in 2021 | USD 12.2 million |
| Market revenue in 2028 | USD 66.5 million |
| Growth rate | 27.4% (CAGR from 2021 to 2028) |
| Largest segment | Consumer & portable electronics |
| Fastest growing segment | Electric Vehicles |
| Historical data covered | 2016 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Consumer & Portable Electronics, Electric Vehicles, Energy Harvesting, Wearable & Medical Devices |
| Key market players worldwide | Samsung SDI Co Ltd GDR - 144A, Solvay SA, Cymbet, Robert Bosch Engineering & Business Solutions, TotalEnergies SE |
Other key industry trends
- In terms of revenue, MEA region accounted for 2.0% of the global solid state battery market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,016.3 million by 2028.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Solid State Battery Market Scope
Solid State Battery Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa solid state battery market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to solid state battery market will help companies and investors design strategic landscapes.
Consumer & portable electronics was the largest segment with a revenue share of 35.25% in 2021. Horizon Databook has segmented the Middle East & Africa solid state battery market based on consumer & portable electronics, electric vehicles, energy harvesting, wearable & medical devices covering the revenue growth of each sub-segment from 2016 to 2028.
The rising awareness and adoption of wearable and IoT devices among consumers in the region are expected to drive market growth over the forecast period. Expanding applications and changing consumer spending patterns have fostered market growth in the region.
In addition, advancements in energy storage technology in the Middle East and Africa are expected to fuel market demand. The capacity of the overall grid-connected storage in the Middle Eastern region is expected to reach 1.8GW by 2025.
The growth in energy storage systems will, in turn, drive the demand for solid state batteries over the forecast period. Strong demand for consumer electronics in emerging markets including the U.A.E., Saudi Arabia, and Qatar and increasing popularity of wearable devices are anticipated to be some of the key trends driving the product demand in the region.
Reasons to subscribe to Middle East & Africa solid state battery market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Middle East & Africa solid state battery market databook
-
Our clientele includes a mix of solid state battery market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa solid state battery market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa solid state battery market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
Partial client list
MEA solid state battery market size, by country, 2016-2028 (US$M)
Middle East & Africa Solid State Battery Market Outlook Share, 2021 & 2028 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
