The batteries for solar energy storage market in Middle East & Africa is expected to grow from US$126.84 million in 2022 to US$ 348.85 million by 2028; it is estimated to grow at a CAGR of 18.4% from 2022 to 2028.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Middle East & Africa batteries for solar energy storage market at a substantial CAGR during the forecast period.
Middle East & Africa Batteries for solar energy storage market Revenue and Forecast to 2028
The Middle East & Africa batteries for solar energy storage market is segmented on the basis of battery type, application, connectivity, and country. Based on battery type, the market is segmented into lead acid, lithium-ion, nickel cadmium, and others. In 2022, the lithium-ion segment held a larger share of the market. And others segment is expected to register a higher CAGR during the forecast period.
Based on application, the Middle East & Africa batteries for solar energy storage market is segmented into residential, commercial, and industrial. The industrial segment held the largest market share in 2022 and commercial is expected to register the highest CAGR in the market during the forecast period.
Based on connectivity, the Middle East & Africa batteries for solar energy storage market is segmented into on-grid and off-grid. The on-grid segment held the largest market share in 2022 and the off-grid segment is expected to register the highest CAGR in the market during the forecast period.
Based on country, the Middle East & Africa batteries for solar energy storage market is segmented into South Africa, the UAE, Saudi Arabia, and Rest of MEA. In 2022, the UAE held a larger market share. On the other side, and the South Africa is expected to register a higher CAGR during the forecast period.
EnerSys; LECLANCHE; LG Electronics; Samsung SDI Co., Ltd.; and Kokam are among the leading companies in the Middle East & Africa batteries for solar energy storage market.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Middle East & Africa batteries for solar energy storage market at a substantial CAGR during the forecast period.
Middle East & Africa Batteries for solar energy storage market Revenue and Forecast to 2028
Middle East & Africa Batteries for solar energy storage market Segmentation
The Middle East & Africa batteries for solar energy storage market is segmented on the basis of battery type, application, connectivity, and country. Based on battery type, the market is segmented into lead acid, lithium-ion, nickel cadmium, and others. In 2022, the lithium-ion segment held a larger share of the market. And others segment is expected to register a higher CAGR during the forecast period.
Based on application, the Middle East & Africa batteries for solar energy storage market is segmented into residential, commercial, and industrial. The industrial segment held the largest market share in 2022 and commercial is expected to register the highest CAGR in the market during the forecast period.
Based on connectivity, the Middle East & Africa batteries for solar energy storage market is segmented into on-grid and off-grid. The on-grid segment held the largest market share in 2022 and the off-grid segment is expected to register the highest CAGR in the market during the forecast period.
Based on country, the Middle East & Africa batteries for solar energy storage market is segmented into South Africa, the UAE, Saudi Arabia, and Rest of MEA. In 2022, the UAE held a larger market share. On the other side, and the South Africa is expected to register a higher CAGR during the forecast period.
EnerSys; LECLANCHE; LG Electronics; Samsung SDI Co., Ltd.; and Kokam are among the leading companies in the Middle East & Africa batteries for solar energy storage market.
Table of Contents
1. Introduction
3. Research Methodology
4. Middle East & Africa Batteries for Solar Energy Storage Market Landscape
5. Middle East & Africa Batteries for Solar Energy Storage Market - Key Market Dynamics
6. Middle East & Africa Batteries for Solar Energy Storage - Market Analysis
7. Middle East & Africa Batteries for Solar Energy Storage Market Analysis - by Battery Type
8. Middle East & Africa Battery for Solar Energy Storage Market Analysis - by Application
9. Middle East & Africa Battery for Solar Energy Storage Market Analysis - by Connectivity
10. Middle East & Africa Batteries for Solar Energy Storage Market - Country Analysis
11. Industry Landscape
12. Company Profiles
13. Appendix
List of Tables
List of Figures
Companies Mentioned
- EnerSys
- LECLANCHE
- LG Electronics
- Samsung SDI Co., Ltd.
- Kokam
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 96 |
| Published | October 2022 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 126.84 Million |
| Forecasted Market Value ( USD | $ 348.85 Million |
| Compound Annual Growth Rate | 18.4% |
| Regions Covered | Africa, Middle East |
| No. of Companies Mentioned | 5 |
