Market by Vehicle Type, Battery Type, End-user, and Country | Forecast 2021-2028
As per Triton’s research report, the electric vehicle battery market in the Middle East and Africa is likely to register growth at a compound annual growth rate of 16.25% over the forecasted period 2021-2028.
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The
countries considered for analysis in this market are:
• The United Arab Emirates
• Turkey
• South Africa
• Saudi Arabia
• Rest of Middle East & Africa
In
recent years, the region has observed significant growth in the production of
trucks and light hybrid electric vehicles. Moreover, as per report, governments
are offering incentives to citizens, such as free electricity to recharge
vehicles for a limited period to promote the growth of the electric vehicle
industry. This is mainly owing to the rise in environmental concerns.
Furthermore,
South Africa is facing several challenges such as a shortage of skilled
workforce, insufficient innovation, and climate change. As per news reports,
the country’s submission to the Paris agreement on climate change implies that
the country is likely to introduce a large number of electric cars by 2050.
Thus, these developments are likely to fuel the growth of the electric vehicle
battery market across the Middle East and Africa region.
In
the UAE, electric vehicles are gaining significant traction due to the drop in
their costs. Besides, Dubai is working towards electrification, launching
several initiatives to encourage sustainable choices among residents. For
instance, the government signed a deal to include over 200 Tesla vehicles in
the Dubai Taxi Corporation Fleet. Hence, the rise in electric vehicle adoption
will motivate the development of the electric vehicle battery market.
GS
Yuasa is involved in the manufacturing and supplying batteries, power supply
systems, lighting equipment, and other products. Its business segments include
overseas operations, automotive batteries, lithium-ion batteries, and
industrial batteries. In addition, GS Yuasa focuses on research and
development, with operations across various regions, including the Middle East
and Africa.
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VIEW REPORT1. MIDDLE
EAST AND AFRICA ELECTRIC VEHICLE BATTERY MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. KEY INSIGHTS
2.1.1. INCREASED
INVESTMENTS IN THE ELECTRIC VEHICLE MARKET
2.1.2. NEED
FOR SUBSIDIES IN BATTERY RECYCLING
2.2. IMPACT
OF COVID-19 ON ELECTRIC VEHICLE BATTERY MARKET
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTES
2.3.3. BARGAINING
POWER OF SUPPLIERS
2.3.4. BARGAINING
POWER OF BUYERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. MARKET
ATTRACTIVENESS MATRIX
2.5. INDUSTRY
COMPONENTS
2.5.1. RAW
MATERIAL MINING
2.5.2. BATTERY
CELL
2.5.3. BATTERY
MODULE
2.5.4. BATTERY
PACK
2.5.5. END-USER
2.5.6. END OF
LIFE PROCESSES
2.6. VENDOR
SCORECARD
2.7. TECHNOLOGY
ANALYSIS
2.7.1. LI-ION
BATTERY BASED ON VARIATION IN CATHODE MATERIAL
2.7.1.1. NCM
(LITHIUM-COBALT-MANGANESE-OXIDE)
2.7.1.2. NCA
(LITHIUM NICKEL COBALT ALUMINUM OXIDE)
2.7.1.3. LFP
(LITHIUM IRON PHOSPHATE)
2.7.2. SOLID
STATE BATTERIES
2.8. RAW
MATERIAL ANALYSIS
2.8.1. KEY
RAW MATERIALS
2.8.2. COUNTRIES
HAVING HIGH DEPOSITS OF KEY RAW MATERIALS
2.8.2.1. LITHIUM
2.8.2.2. MANGANESE
2.8.2.3. NICKEL
2.8.2.4. COBALT
2.8.2.5. GRAPHITE
2.9. KEY
MARKET STRATEGIES
2.9.1. CONTRACTS
& PARTNERSHIPS
2.9.2. BUSINESS
EXPANSIONS & DIVESTITURES
2.9.3. ACQUISITIONS
& MERGERS
2.9.4. NEW
PRODUCT LAUNCHES
2.10. INDUSTRY
PLAYER POSITIONING
2.11. MARKET
DRIVERS
2.11.1. GROWING
ELECTRIC VEHICLES MARKET
2.11.2. GOVERNMENTAL
INCENTIVES AND PROMOTION
2.11.3. DEVELOPMENTS
IN BATTERY TECHNOLOGY
2.11.4. GROWTH
IN PUBLIC CHARGING INFRASTRUCTURE
2.12. MARKET
CHALLENGES
2.12.1. ISSUES
IN RAW MATERIAL PROCUREMENT
2.12.2. HIGH
CHARGING TIME FOR BATTERIES
2.12.3. SAFETY
CONCERNS
2.13. MARKET
OPPORTUNITIES
2.13.1. EMERGENCE
OF SHARED E-MOBILITY HELPING BATTERY SWAPPING SEGMENT
2.13.2. IMPROVEMENTS
IN VEHICLE-TO-GRID (V2G) TECHNOLOGIES
3. MIDDLE
EAST AND AFRICA ELECTRIC VEHICLE BATTERY MARKET – BY VEHICLE TYPE
3.1. BATTERY
ELECTRIC VEHICLE
3.2. HYBRID
ELECTRIC VEHICLE
3.3. PLUG-IN
HYBRID ELECTRIC VEHICLE
4. MIDDLE
EAST AND AFRICA ELECTRIC VEHICLE BATTERY MARKET - BY BATTERY TYPE
4.1. LEAD
ACID
4.2. NICKEL-METAL
HYDRIDE
4.3. LITHIUM-ION
5. MIDDLE
EAST AND AFRICA ELECTRIC VEHICLE BATTERY MARKET - BY END-USER
5.1. COMMERCIAL
VEHICLE
5.2. PASSENGER
CAR
5.3. OTHER
END-USERS
6. MIDDLE
EAST AND AFRICA ELECTRIC VEHICLE BATTERY MARKET – REGIONAL OUTLOOK
6.1. UNITED
ARAB EMIRATES
6.2. TURKEY
6.3. SAUDI
ARABIA
6.4. SOUTH
AFRICA
6.5. REST
OF MIDDLE EAST & AFRICA
7. COMPETITIVE
LANDSCAPE
7.1. MARKET
SHARE ANALYSIS
7.2. COMPANY
PROFILES
7.2.1. CATL
7.2.2. LG
ENSOL
7.2.3. PANASONIC
7.2.4. SAMSUNG
SDI
7.2.5. SK INNOVATION
7.2.6. BYD
7.2.7. CALB
7.2.8. VEHICLE
ENERGY JAPAN CO LTD
7.2.9. TOSHIBA
CORPORATION
7.2.10. LITHIUM
ENERGY JAPAN
7.2.11. ENVISION
AESC
7.2.12. A123
SYSTEMS
7.2.13. GS
YUASA
7.2.14. NORTHVOLT
AB
7.2.15. PRIME
PLANET ENERGY SOLUTIONS
8. METHODOLOGY
& SCOPE
8.1. RESEARCH
SCOPE & DELIVERABLES
8.2. SOURCES
OF DATA
8.3. RESEARCH
METHODOLOGY
TABLE 1: MIDDLE EAST AND
AFRICA ELECTRIC VEHICLE BATTERY MARKET, COUNTRY OUTLOOK, 2021-2028 (IN $
MILLION)
TABLE 2: MARKET ATTRACTIVENESS
MATRIX
TABLE 3: VENDOR SCORECARD
TABLE 4: MAJOR ELECTRIC
VEHICLE KEY RAW MATERIALS PRODUCERS
TABLE 5: LIST OF CONTRACTS
& PARTNERSHIPS
TABLE 6: LIST OF BUSINESS
EXPANSIONS & DIVESTITURES
TABLE 7: LIST OF ACQUISITIONS
& MERGERS
TABLE 8: LIST OF NEW PRODUCT
LAUNCHES
TABLE 9: MIDDLE EAST AND
AFRICA ELECTRIC VEHICLE BATTERY MARKET, BY VEHICLE TYPE, 2021-2028 (IN $
MILLION)
TABLE 10: MIDDLE EAST AND
AFRICA ELECTRIC VEHICLE BATTERY MARKET, BY BATTERY TYPE, 2021-2028 (IN $
MILLION)
TABLE 11: MIDDLE EAST AND
AFRICA ELECTRIC VEHICLE BATTERY MARKET, BY END-USER, 2021-2028 (IN $ MILLION)
TABLE 12: MIDDLE EAST AND AFRICA
ELECTRIC VEHICLE BATTERY MARKET, BY COUNTRY OUTLOOK, 2021-2028 (IN $ MILLION)
FIGURE
1: PORTER’S FIVE FORCES ANALYSIS
FIGURE
2: INDUSTRY COMPONENTS
FIGURE
3: SNAPSHOT OF A TYPICAL NCM BATTERY
FIGURE
4: SNAPSHOT OF A TYPICAL NCA BATTERY
FIGURE
5: SNAPSHOT OF A TYPICAL LFP BATTERY
FIGURE
6: INDUSTRY PLAYER POSITIONING IN 2020 (IN %)
FIGURE
7: ELECTRIC VEHICLE SALES, IN UNITS, 2010-2020
FIGURE
8: LITHIUM-ION BATTERY PRICE PER KWH (2010-2020)
FIGURE
9: MIDDLE EAST AND AFRICA ELECTRIC VEHICLE BATTERY MARKET, BY VEHICLE TYPE,
2020 & 2028 (IN %)
FIGURE
10: MIDDLE EAST AND AFRICA ELECTRIC VEHICLE BATTERY MARKET, BY BATTERY ELECTRIC
VEHICLE, 2021-2028 (IN $ MILLION)
FIGURE
11: MIDDLE EAST AND AFRICA ELECTRIC VEHICLE BATTERY MARKET, BY HYBRID ELECTRIC
VEHICLE, 2021-2028 (IN $ MILLION)
FIGURE
12: MIDDLE EAST AND AFRICA ELECTRIC VEHICLE BATTERY MARKET, BY PLUG-IN HYBRID
ELECTRIC VEHICLE, 2021-2028 (IN $ MILLION)
FIGURE
13: MIDDLE EAST AND AFRICA ELECTRIC VEHICLE BATTERY MARKET, BY BATTERY TYPE,
2020 & 2028 (IN %)
FIGURE
14: MIDDLE EAST AND AFRICA ELECTRIC VEHICLE BATTERY MARKET, BY LEAD ACID,
2021-2028 (IN $ MILLION)
FIGURE
15: MIDDLE EAST AND AFRICA ELECTRIC VEHICLE BATTERY MARKET, BY NICKEL-METAL
HYDRIDE, 2021-2028 (IN $ MILLION)
FIGURE
16: MIDDLE EAST AND AFRICA ELECTRIC VEHICLE BATTERY MARKET, BY LITHIUM-ION,
2021-2028 (IN $ MILLION)
FIGURE
17: MIDDLE EAST AND AFRICA ELECTRIC VEHICLE BATTERY MARKET, BY END USER, 2020
& 2028 (IN %)
FIGURE
18: MIDDLE EAST AND AFRICA ELECTRIC VEHICLE BATTERY MARKET, BY COMMERCIAL
VEHICLE, 2021-2028 (IN $ MILLION)
FIGURE
19: MIDDLE EAST AND AFRICA ELECTRIC VEHICLE BATTERY MARKET, BY PASSENGER CAR,
2021-2028 (IN $ MILLION)
FIGURE
20: MIDDLE EAST AND AFRICA ELECTRIC VEHICLE BATTERY MARKET, BY OTHER END-USERS,
2021-2028 (IN $ MILLION)
FIGURE
21: MIDDLE EAST AND AFRICA ELECTRIC VEHICLE BATTERY MARKET, COUNTRY OUTLOOK,
2020 & 2028 (IN %)
FIGURE
22: UNITED ARAB EMIRATES ELECTRIC VEHICLE BATTERY MARKET 2021-2028 (IN $
MILLION)
FIGURE
23: TURKEY ELECTRIC VEHICLE BATTERY MARKET 2021-2028 (IN $ MILLION)
FIGURE
24: SAUDI ARABIA ELECTRIC VEHICLE BATTERY MARKET 2021-2028 (IN $ MILLION)
FIGURE
25: SOUTH AFRICA ELECTRIC VEHICLE BATTERY MARKET 2021-2028 (IN $ MILLION)
FIGURE
26: REST OF MIDDLE EAST & AFRICA ELECTRIC VEHICLE BATTERY MARKET 2021-2028
(IN $ MILLION)
FIGURE
27: MARKET SHARE ANALYSIS, 2020 (IN %)