Saudi Arabia Solid State Battery Market Size & Outlook
Saudi Arabia solid state battery market, 2016-2028 (US$M)
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Saudi Arabia solid state battery market highlights
- The Saudi Arabia solid state battery market generated a revenue of USD 4.9 million in 2021 and is expected to reach USD 26.6 million by 2028.
- The Saudi Arabia 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.
Solid state battery market data book summary
| Market revenue in 2021 | USD 4.9 million |
| Market revenue in 2028 | USD 26.6 million |
| Growth rate | 27.4% (CAGR from 2021 to 2028) |
| Largest segment | Consumer & portable electronics |
| Fastest growing segment | Electric Vehicles |
| Historical data | 2016 - 2020 |
| Base year | 2021 |
| Forecast period | 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, Saudi Arabia accounted for 0.8% of the global solid state battery market in 2021.
- Country-wise, China is expected to lead the global market in terms of revenue in 2028.
- In Middle East & Africa, UAE solid state battery market is projected to lead the regional market in terms of revenue in 2028.
- Egypt is the fastest growing regional market in Middle East & Africa and is projected to reach USD 4.3 million by 2028.
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Solid State Battery Market Scope
Solid State Battery Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia 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 32.65% in 2021. Horizon Databook has segmented the Saudi Arabia 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.
Growing consumer disposable income and purchasing power have accounted for immense growth in the region by creating various opportunities for the years to come.
The wearables & medical devices segment is projected to emerge as one of the largest in 2028 on account of increasing consumer preference for products which can monitor heart rate, footsteps, and breathing. Growing trend of adopting a fitter lifestyle is expected to drive the market.
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Our clientele includes a mix of solid state battery market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia solid state battery market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia solid state battery market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Saudi Arabia solid state battery market size, by application, 2016-2028 (US$M)
Saudi Arabia Solid State Battery Market Outlook Share, 2021 & 2028 (US$M)
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