South Africa Solid State Battery Market Size & Outlook
South Africa solid state battery market, 2016-2028 (US$M)
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South Africa solid state battery market highlights
- The South Africa solid state battery market generated a revenue of USD 1.0 million in 2021 and is expected to reach USD 5.3 million by 2028.
- The South Africa 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 1.0 million |
| Market revenue in 2028 | USD 5.3 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, South Africa accounted for 0.2% 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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South 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 50% in 2021. Horizon Databook has segmented the South 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.
Solid state batteries have emerged as a niche market in South Africa with currently only a small number of players. However, the sector is in the stage of innovation and R&D for implementing solid state battery in various fields such as cars, phones, and other electronic equipment. Due to these factors, the solid-state battery market in South Africa is anticipated to reach USD 5.32 million in 2028.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa solid state battery market , including forecasts for subscribers. This country databook contains high-level insights into South Africa solid state battery market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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South Africa solid state battery market size, by application, 2016-2028 (US$M)
South Africa Solid State Battery Market Outlook Share, 2021 & 2028 (US$M)
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