Middle East & Africa Lithium Ion Battery Market to 2032
Overview
The Middle East & Africa Lithium Ion Battery Market is expected to reach a 6.98 USD Billion by 2032 and is projected to grow at a CAGR of 16.72% from 2025 to 2032.
Revenue, 2024 (USD Billion)
2.37
Forecast, 2032 (USD Billion)
6.98
CAGR, 2024 - 2032
16.72%
Report Coverage
Middle East & Africa
Middle East & Africa Lithium Ion Battery Market 2018-2032 USD Billion
Middle East & Africa Lithium Ion Battery Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 2.37 USD Billion
- Projected Market Size (2032): 6.98 USD Billion
- CAGR (2025-2032): 16.72%
Key Findings of Middle East & Africa Lithium Ion Battery Market
- The Middle East & Africa Lithium Ion Battery Market was valued at 6.98 USD Billion in 2024.
- The Middle East & Africa Lithium Ion Battery Market is likely to grow at a CAGR of 16.72% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Low (Below 12V) in Voltage Segment accounted for the largest share of the market with a revenue of 1.34 USD Billion
- The fastest growing segment Consumer Electronics in End User Segment grew Fastest with a CAGR of 18.00% during the forecast period from 2024 to 2032.
Middle East & Africa Lithium Ion Battery Market Scope
Middle East & Africa Lithium Ion Battery Market Segmentation & Scope
Component
- Anode
- Cathode
- Electrolytic
- Separator
- Others
Type
- Lithium Iron Phosphate (LFP)
- Lithium Titanate Oxide (LTO)
- Lithium Manganese Oxide (LMO)
- Lithium Nickel Cobalt Aluminum Oxide(NCA)
- Lithium Nickel Manganese Cobalt Oxide(Li-NMC)
- Lithium Cobalt Oxide (LCO)
Capacity
- 60000 mAh & Above
- 0 to 3000 mAh
- 10000 mAh to 60000 mAh
- 3000 mAh to 10000 mAh
End User
- Others
- Medical
- Energy and Power
- Industrial
- Consumer Electronics
- Automotive
Product
- Others
- Module
- Energy Storage System (ESS)
- Pack
- Cell
Voltage
- High (Above 36V)
- Medium (12V-36V)
- Low (Below 12V)
Middle East & Africa Lithium Ion Battery Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2023 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 2.37 USD Billion |
| Market Value in 2032 | 6.98 USD Billion |
| CAGR (2025-2032) | 16.72% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Component,Type,Capacity,End User,Product,Voltage |
Regional Insights:
-
Leading Market (2024-2032): Middle East & Africa, leading in terms of revenue 2.37 USD Billion in 2024
- Key Country: United Arab Emirates, leading in terms of revenue with value of 403.54 USD Million in 2024.
Segments and Scope
-
Middle East & Africa Lithium Ion Battery Market to 2032, By Component
- Cathode is the largest segment in Middle East & Africa Lithium Ion Battery Market to 2032 with a revenue of 1.09 USD Billion in the year 2024.
- Cathode is the Fastest growing segment in Middle East & Africa Lithium Ion Battery Market to 2032 with a Growth rate of 17.30 % in forecast period 2025-2032.
-
Middle East & Africa Lithium Ion Battery Market to 2032, By Type
- Lithium Cobalt Oxide (LCO) is the largest segment in Middle East & Africa Lithium Ion Battery Market to 2032 with a revenue of 933.83 USD Billion in the year 2024.
- Lithium Nickel Manganese Cobalt Oxide(Li-NMC) is the Fastest growing segment in Middle East & Africa Lithium Ion Battery Market to 2032 with a Growth rate of 17.11 % in forecast period 2025-2032.
-
Middle East & Africa Lithium Ion Battery Market to 2032, By Capacity
- 3000 mAh to 10000 mAh is the largest segment in Middle East & Africa Lithium Ion Battery Market to 2032 with a revenue of 1.14 USD Billion in the year 2024.
- 3000 mAh to 10000 mAh is the Fastest growing segment in Middle East & Africa Lithium Ion Battery Market to 2032 with a Growth rate of 17.39 % in forecast period 2025-2032.
-
Middle East & Africa Lithium Ion Battery Market to 2032, By End User
- Consumer Electronics is the largest segment in Middle East & Africa Lithium Ion Battery Market to 2032 with a revenue of 913.48 USD Billion in the year 2024.
- Consumer Electronics is the Fastest growing segment in Middle East & Africa Lithium Ion Battery Market to 2032 with a Growth rate of 18.00 % in forecast period 2025-2032.
-
Middle East & Africa Lithium Ion Battery Market to 2032, By Product
- Cell is the largest segment in Middle East & Africa Lithium Ion Battery Market to 2032 with a revenue of 1.08 USD Billion in the year 2024.
- Cell is the Fastest growing segment in Middle East & Africa Lithium Ion Battery Market to 2032 with a Growth rate of 17.30 % in forecast period 2025-2032.
-
Middle East & Africa Lithium Ion Battery Market to 2032, By Voltage
- Low (Below 12V) is the largest segment in Middle East & Africa Lithium Ion Battery Market to 2032 with a revenue of 1.34 USD Billion in the year 2024.
- Low (Below 12V) is the Fastest growing segment in Middle East & Africa Lithium Ion Battery Market to 2032 with a Growth rate of 17.23 % in forecast period 2025-2032.
Middle East & Africa Lithium Ion Battery Market Company Share Analysis
| Company Name |
|
||
| Panasonic Corporation | |||
| LG Chem | |||
| Contemporary Amperex Technology Co., Limited | |||
| BYD Company LTD. | |||
| SAMSUNG SDI CO.,LTD. | |||
Middle East & Africa Lithium Ion Battery Market Geographical Sales Distribution, 2018-2032 USD Billion
Middle East & Africa Lithium Ion Battery Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Middle East & Africa Lithium Ion Battery Market is segmented based on Segmentation Component,Type,Capacity,End User,Product,Voltage.
Middle East & Africa Lithium Ion Battery Market was valued at USD 2.37(Revenue in USD Billion) in 2023.
Middle East & Africa Lithium Ion Battery Market is projected to grow at a CAGR of 16.72% during the forecast period of 2024 to 2032.
The Low (Below 12V) segment is expected to dominate the Middle East & Africa Lithium Ion Battery Market, holding a largest market share of 1.34 USD Billion in 2024
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Middle East & Africa Lithium Ion Battery Market Scope
Middle East & Africa Lithium Ion Battery Market Segmentation & Scope
Component
- Anode
- Cathode
- Electrolytic
- Separator
- Others
Type
- Lithium Iron Phosphate (LFP)
- Lithium Titanate Oxide (LTO)
- Lithium Manganese Oxide (LMO)
- Lithium Nickel Cobalt Aluminum Oxide(NCA)
- Lithium Nickel Manganese Cobalt Oxide(Li-NMC)
- Lithium Cobalt Oxide (LCO)
Capacity
- 60000 mAh & Above
- 0 to 3000 mAh
- 10000 mAh to 60000 mAh
- 3000 mAh to 10000 mAh
End User
- Others
- Medical
- Energy and Power
- Industrial
- Consumer Electronics
- Automotive
Product
- Others
- Module
- Energy Storage System (ESS)
- Pack
- Cell
Voltage
- High (Above 36V)
- Medium (12V-36V)
- Low (Below 12V)
Frequently Asked Questions
The Middle East & Africa Lithium Ion Battery Market is segmented based on Segmentation Component,Type,Capacity,End User,Product,Voltage.
Middle East & Africa Lithium Ion Battery Market was valued at USD 2.37(Revenue in USD Billion) in 2023.
Middle East & Africa Lithium Ion Battery Market is projected to grow at a CAGR of 16.72% during the forecast period of 2024 to 2032.
The estimated market value of the Middle East & Africa Lithium Ion Battery Market for final year is USD 6.98 (USD Billion).
Middle East & Africa Lithium Ion Battery Market Company Profiling
Frequently Asked Questions
The Middle East & Africa Lithium Ion Battery Market is segmented based on Segmentation Component,Type,Capacity,End User,Product,Voltage.
Middle East & Africa Lithium Ion Battery Market was valued at USD 2.37(Revenue in USD Billion) in 2023.
Middle East & Africa Lithium Ion Battery Market is projected to grow at a CAGR of 16.72% during the forecast period of 2024 to 2032.
The estimated market value of the Middle East & Africa Lithium Ion Battery Market for final year is USD 6.98 (USD Billion).
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