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North Africa Lithium-Ion Battery Market Share

Report ID: GMI5732
Published Date: May 2023
Report Format: PDF

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North Africa Lithium-Ion Battery Market Share

Some of the major players operating in the North Africa lithium-ion battery market landscape are :

General Electric
EXIDE INDUSTRIES LTD.
Toshiba Corporation
Panasonic Corporation
Hitachi Energy Ltd.
Koninklijke Philips N.V.
BYD Company Ltd.

These players focus on new product launch & commercialization and strategic partnerships for market expansion. Furthermore, these players are increasingly investing in research & development activities, which enable them to introduce innovative products and garner maximum revenue in the industry.

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size of North Africa lithium-Ion battery market exceeded USD 91.4 million in 2023 and is projected to depict 13.7% CAGR during 2024-2032, with robust demand for electronic devices and changing technological landscape.

The LMO segment in the region reached a market value of over USD 10 million in 2022 as a result of wide applicability across medical instruments, power tools, and electric and hybrid vehicles.

North Africa lithium-ion battery industry size from the energy storage applications is anticipated to attain 24% gains between 2023 and 2032, with increasing demand for grid stability and electricity, coupled with favorable government measures to provide uninterrupted power supply.

Egypt lithium-ion battery sector will hold a significant revenue share by 2032, on account of the increasing adoption of lithium-ion batteries across households and the automotive industry in the region.

Major lithium-ion battery manufacturers are General Electric, EXIDE INDUSTRIES LTD., Toshiba Corporation, Panasonic Corporation, Hitachi Energy Ltd., Koninklijke Philips N.V., and BYD Company Ltd.