The Middle East and Africa lithium ion battery market is fragmented in nature, as it consists of many global players such as Panasonic Industry Co., Ltd., SAMSUNG SDI CO.,LTD, and TOSHIBA CORPORATION among others. The presence of these companies produces competitive prices for lithium-ion battery products across the region.
The major players in the Middle East and Africa Lithium Ion Battery Market are Shenzhen A&S Power Technology Co., Ltd., LITHIUMWERKS, Panasonic Corporation, Dalian CBAK Power Battery Co., Ltd and TOSHIBA CORPORATION, among other domestic players.
Additionally, the growing demand for smart devices and wearables is expected to drive market growth. Data Bridge Market Research analyzes that the Middle East and Africa lithium ion battery market is expected to reach the value of USD 4,709.96 million by 2030, at a CAGR of 12.8% during the forecast period.
Moreover, 1 kg of a lithium-ion battery can store up to 150 watt-hours of electricity whereas, the lead-acid battery can store only 25 watt-hours per kg. The benefits offered by lithium-ion batteries have increased the requirement in consumer electronics.
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Lithium Ion Battery Market AnalysisLithium Ion Battery Market SizeLithium Ion Battery Market ScopeLithium Ion Battery Market Regional AnalysisLithium Ion Battery Market ShareLatest Developments in Lithium Ion Battery MarketThe Middle East and Africa lithium-ion battery market is segmented into six notable segments based on type, components, capacity, voltage, product, and end user as referenced above. The countries covered in the market are U.A.E., South Africa, Saudi Arabia, Egypt, Turkey, Israel, Qatar, Kuwait, Oman, Iraq, Jordan, Lebanon, Georgia, Armenia, Yemen, ...See more on databridgemarketresearch Category: Semiconductors And ElectronicsPublished: Nov 1, 2024inversionate.es
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