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North Africa Lithium-Ion Battery Market Trends

Report ID: GMI5732
Published Date: Dec 2024
Report Format: PDF

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North Africa Lithium-Ion Battery Market Trends

The industrial sector in North Africa is increasingly turning to lithium-ion batteries for backup power and energy storage applications. Industries such as oil and gas, telecommunications, and manufacturing require reliable energy storage solutions to mitigate power disruptions and optimize operations. Energy storage systems (ESS) using lithium-ion batteries are being deployed to ensure grid stability and enhance energy management across industrial facilities. These systems are particularly vital in addressing the challenges of intermittent power supply and improving energy efficiency. With industrial expansion and technological advancements, the adoption of lithium-ion batteries in the industrial sector is expected to grow significantly.

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The North Africa market for lithium-ion battery was valued at USD 103.1 million in 2024 and is projected to reach USD 379.5 million by 2034, driven by a CAGR of 14% from 2025 to 2034.

The LFP segment is expected to exceed USD 60.3 million by 2034, driven by its adoption in renewable energy projects, industrial applications, and electric mobility.

The Egypt lithium-ion battery market is projected to surpass USD 59.5 million by 2034, driven by the country's focus on renewable energy integration and the rising demand for consumer electronics and electric vehicles.

Major players in the industry include BYD, Exide Industries, General Electric, Hitachi Energy, Koninklijke Philips, Panasonic, and Toshiba.