Abstract
Summary
Asia-Pacific, Europe, South America, and Middle East and Africa lithium ion battery market is expected to reach USD 60.04 billion by 2031 from USD 26.30 billion in 2023 growing with a CAGR of 20.8% in the forecast period of 2024 to 2031.
Market Segmentation
Asia-Pacific, Europe, South America, and Middle East and Africa lithium ion battery market, By Type (Lithium Nickel Manganese Cobalt Oxide (Li-NMC), Lithium Iron Phosphate (LFP), Lithium Cobalt Oxide, Lithium Nickel Cobalt Aluminium Oxide (NCA), Lithium Manganese Oxide, and Lithium Titanate), Component (Cathode, Anode, Electrolyte, and Separator), Product (Cells, Storage System (ESS), Module, and Pack), Charge (Rechargeable and Non-Rechargeable), End Use (Automotive, Consumer, Electronics, Power, Industrial, Construction, Telecom, Medical, Aerospace & Defense, and Marine) Country (China, Japan, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Vietnam, Bangladesh, Myanmar, Rest of Asia Pacific, Germany, U.K., France, Italy, Russia, Spain, Turkey, Belgium, Hungary, Serbia, Rest of Europe, Brazil, Argentina, Chile, Bolivia, Rest of South America, Saudi Arabia, U.A.E, Israel, South Africa, Egypt, Nigeria, Morocco, Ethiopia, Kenya, Ghana, Namibia, and Rest of Middle East and Africa) - Industry Trends and Forecast to 2031
Overview of Asia-Pacific, Europe, South America, and Middle East and Africa lithium ion battery market Dynamics
Drivers
• Increasing demand for smartphones and consumer electronics
• Growing adoption of cordless power tools
Restraints
• Safety issues related to storage, usage, and transportation of lithium ion batteries
• Availability of alternative solutions
Opportunities
• Increase in demand for electric vehicles
• Growing number of R&D initiatives and manufacturing facilities
Market Players
Some of the major market player operating in the Asia-Pacific, Europe, South America, and Middle East and Africa lithium ion battery market are:
• Contemporary Amperex Technology Co.
• Limited, LG Chem.
• SAMSUNG SDI CO.,LTD.
• BYD Motors Inc.
• Saft
• Panasonic Industry Co., Ltd.
• CALB
• VARTA AG.
• CBAK Energy Technology, Inc.
• TOSHIBA CORPORATION
• GlobTek, Inc.
• Wanxiang A123 Systems Corp.
• XALT Energy
• LITHIUMWERKS
• Leclanché SA
• Amperex Technology Limited.
• Shenzhen A&S Power Technology Co., Ltd.
• Tianjin Lishen Battery Co., Ltd.
• Shenzhen BAK Technology Co., Ltd
Table of Contents
1 INTRODUCTION 34
1.1 OBJECTIVES OF THE STUDY 34
1.2 MARKET DEFINITION 34
1.3 OVERVIEW OF MIDDLE EAST AND AFRICA LITHIUM ION BATTERY MARKET 34
1.4 LIMITATIONS 36
1.5 MARKETS COVERED 36
2 MARKET SEGMENTATION 39
2.1 MARKETS COVERED 39
2.2 GEOGRAPHICAL SCOPE 40
2.3 YEARS CONSIDERED FOR THE STUDY 41
2.4 CURRENCY AND PRICING 41
2.5 DBMR TRIPOD DATA VALIDATION MODEL 42
2.6 MULTIVARIATE MODELLING 45
2.7 TIMELINE CURVE 46
2.8 MARKET END-USER COVERAGE GRID 47
2.9 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 48
2.10 DBMR MARKET POSITION GRID 49
2.11 SECONDARY SOURCES 51
2.12 ASSUMPTIONS 51
3 EXECUTIVE SUMMARY 52
4 PREMIUM INSIGHTS 54
4.1 PRICING ANALYSIS 55
4.2 VALUE CHAIN FOR GLOBAL LITHIUM ION BATTERY MARKET 56
4.3 PORTER’S FIVE FORCES 58
4.4 PESTEL ANALYSIS 59
4.5 OVERVIEW OF THE CATHODE MATERIALS MARKET FOR LITHIUM BATTERY BUSINESS 60
4.6 OVERVIEW OF THE FLAME RETARDANTS MARKET FOR THE LITHIUM BATTERY BUSINESS 61
4.7 GIGAFACTORIES 63
4.7.1 GIGAFACTORIES IN THE ASIA-PACIFIC COUNTRIES UPTO 2030 63
4.7.2 GIGAFACTORIES IN THE EUROPEAN COUNTRIES TO 2030 71
4.7.3 GIGAFACTORIES IN THE SOUTH AMERICAN COUNTRIES UPTO 2030 79
4.7.4 GIGAFACTORIES IN THE MIDDLE EAST AND AFRICA COUNTRIES TO 2030 80
4.8 KEY BUYERS 82
4.9 VENDOR SELECTION CRITERIA 86
4.10 RAW MATERIAL OUTLOOK 88
4.11 TECHNOLOGICAL TRENDS 89
4.12 REGULATORY FRAMEWORK 92
5 SUPPLY CHAIN ANALYSIS 98
6 MARKET OVERVIEW 100
6.1 DRIVERS 102
6.1.1 INCREASING DEMAND FOR SMARTPHONES AND CONSUMER ELECTRONICS 102
6.1.2 GROWING ADOPTION OF CORDLESS POWER TOOLS 103
6.1.3 GROWING DEMAND FOR SMART DEVICES AND WEARABLE 104
6.1.4 INCREASING NUMBER OF AUTOMOTIVE VEHICLES 105
6.2 RESTRAINTS 106
6.2.1 SAFETY ISSUES RELATED TO STORAGE, USAGE, AND TRANSPORTATION OF LITHIUM ION BATTERIES 106
6.2.2 AVAILABILITY OF ALTERNATIVE SOLUTIONS 106
6.3 OPPORTUNITIES 108
6.3.1 INCREASE IN DEMAND FOR ELECTRIC VEHICLES 108
6.3.2 GROWING NUMBER OF R&D INITIATIVES AND MANUFACTURING FACILITIES 109
6.3.3 INCREASING USE OF LITHIUM ION BATTERIES IN DEFENSE AND AEROSPACE 110
6.4 CHALLENGES 111
6.4.1 OVERHEATING OF LITHIUM-ION BATTERIES 111
6.4.2 AGING AND DEGRADATION OF LITHIUM ION BATTERIES 111
7 MIDDLE EAST AND AFRICALITHIUM ION BATTERY MARKET, BY TYPE 113
7.1 OVERVIEW 114
7.2 LITHIUM NICKEL MANGANESE COBALT OXIDE (LI-NMC) 115
7.3 LITHIUM IRON PHOSPHATE (LFP) 115
7.4 LITHIUM COBALT OXIDE 115
7.5 LITHIUM NICKEL COBALT ALUMINIUM OXIDE (NCA) 115
7.6 LITHIUM MANGANESE OXIDE 115
7.7 LITHIUM TITANATE 116
8 MIDDLE EAST AND AFRICALITHIUM ION BATTERY MARKET, BY COMPONENT 117
8.1 OVERVIEW 118
8.2 CATHODE 119
8.3 ANODE 119
8.4 ELECTROLYTE 119
8.5 SEPARATOR 119
8.6 OTHERS 119
9 MIDDLE EAST AND AFRICALITHIUM ION BATTERY MARKET, BY PRODUCT 120
9.1 OVERVIEW 121
9.2 CELLS 122
9.2.1 TYPE 122
- 9.2.1.1 PRISMATIC 122
- 9.2.1.2 CYLINDRICAL 122
- 9.2.1.3 POUCH 123
- 9.2.1.4 BUTTON 123
9.3 STORAGE SYSTEM (ESS) 123
9.4 MODULE 123
9.5 PACK 123
10 MIDDLE EAST AND AFRICALITHIUM ION BATTERY MARKET, BY CHARGE 124
10.1 OVERVIEW 125
10.2 RECHARGEABLE 126
10.3 NON-RECHARGEABLE 126
11 MIDDLE EAST AND AFRICALITHIUM ION BATTERY MARKET, BY END USE 127
11.1 OVERVIEW 128
11.2 AUTOMOTIVE 129
11.2.1 POWER TYPE 129
- 11.2.1.1 BATTERY ELECTRIC VEHICLES (BEV) 129
- 11.2.1.2 PLUG-IN HYBRID ELECTRIC VEHICLE (PHEV) 130
- 11.2.1.3 HYBRID ELECTRIC VEHICLES (HEV) 130
11.2.2 VEHICLE TYPE 130
- 11.2.2.1 PASSENGER CARS 130
- 11.2.2.2 E-BIKES/ E-SCOOTER/MOPEDS 130
- 11.2.2.3 LIGHT COMMERCIAL VEHICLES 130
- 11.2.2.4 HEAVY COMMERCIAL VEHICLES 131
- 11.2.2.5 3-WHEELED ELECTRIC SCOOTER 131
- 11.2.2.6 OTHERS 131
11.3 CONSUMER ELECTRONICS 131
11.3.1 TYPE 131
- 11.3.1.1 SMARTPHONES 131
- 11.3.1.2 LAPTOPS & TABLETS 132
- 11.3.1.3 UPS 132
- 11.3.1.4 ELECTRONIC CAMERAS 132
- 11.3.1.5 OTHERS 132
11.4 POWER 132
11.5 INDUSTRIAL 132
11.5.1 END USE 133
- 11.5.1.1 CRANES & FORKLIFT 133
- 11.5.1.2 SMART GRID & RENEWABLE ENERGY STORAGE 133
- 11.5.1.3 MINING EQUIPMENT 133
11.6 CONSTRUCTION 133
11.7 TELECOM 133
11.8 MEDICAL 133
11.9 AEROSPACE AND DEFENSE 134
11.10 MARINE 134
11.11 OTHERS 134
12 MIDDLE EAST AND AFRICALITHIUM ION BATTERY MARKET, BY REGION 135
12.1 MIDDLE EAST AND AFRICA 136
12.1.1 SAUDI ARABIA 142
12.1.2 U.A.E 146
12.1.3 ISRAEL 150
12.1.4 SOUTH AFRICA 154
12.1.5 EGYPT 158
12.1.6 NIGERIA 162
12.1.7 MOROCCO 166
12.1.8 ETHIOPIA 170
12.1.9 KENYA 174
12.1.10 GHANA 178
12.1.11 NAMIBIA 182
12.1.12 REST OF MIDDLE EAST AND AFRICA 186
13 COMPANY SHARE ANALYSIS: ASIA-PACIFIC, EUROPE, SOUTH AMERICA, MIDDLE EAST, AND AFRICA 187
14 SWOT ANALYSIS 188
15 COMPANY PROFILE 189
15.1 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED 189
15.1.1 COMPANY SNAPSHOT 189
15.1.2 REVENUE ANALYSIS 190
15.1.3 PRODUCT PORTFOLIO 190
15.1.4 RECENT DEVELOPMENTS 191
15.2 LG CHEM 193
15.2.1 COMPANY SNAPSHOT 193
15.2.2 REVENUE ANALYSIS 193
15.2.3 PRODUCT PORTFOLIO 194
15.2.4 RECENT DEVELOPMENTS 195
15.3 BYD MOTORS INC 196
15.3.1 COMPANY SNAPSHOT 196
15.3.2 REVENUE ANALYSIS 196
15.3.3 PRODUCT PORTFOLIO 197
15.3.4 RECENT DEVELOPMENTS 197
15.4 PANASONIC INDUSTRY CO., LTD 199
15.4.1 COMPANY SNAPSHOT 199
15.4.2 REVENUE ANALYSIS 199
15.4.3 PRODUCT PORTFOLIO 200
15.4.4 RECENT DEVELOPMENTS 201
15.5 SAMSUNG SDI CO., LTD 202
15.5.1 COMPANY SNAPSHOT 202
15.5.2 REVENUE ANALYSIS 202
15.5.3 PRODUCT PORTFOLIO 203
15.5.4 RECENT DEVELOPMENTS 206
15.6 AMPEREX TECHNOLOGY LIMITED (A SUBSIDIARY OF TDK CORPORATION) 207
15.6.1 COMPANY SNAPSHOT 207
15.6.2 REVENUE ANALYSIS 207
15.6.3 PRODUCT PORTFOLIO 208
15.6.4 RECENT DEVELOPMENTS 209
15.7 CALB 210
15.7.1 COMPANY SNAPSHOT 210
15.7.2 REVENUE ANALYSIS 210
15.7.3 PRODUCT PORTFOLIO 211
15.7.4 RECENT DEVELOPMENTS 213
15.8 CBAK ENERGY TECHNOLOGY, INC 214
15.8.1 COMPANY SNAPSHOT 214
15.8.2 REVENUE ANALYSIS 214
15.8.3 PRODUCT PORTFOLIO 215
15.8.4 RECENT DEVELOPMENTS 217
15.9 GLOBTEK, INC 218
15.9.1 COMPANY SNAPSHOT 218
15.9.2 PRODUCT PORTFOLIO 218
15.9.3 RECENT DEVELOPMENTS 219
15.10 LECLANCHÉ SA 220
15.10.1 COMPANY SNAPSHOT 220
15.10.2 REVENUE ANALYSIS 220
15.10.3 PRODUCT PORTFOLIO 221
15.10.4 RECENT DEVELOPMENTS 221
15.11 LITHIUM ENERGY JAPAN 223
15.11.1 COMPANY SNAPSHOT 223
15.11.2 PRODUCT PORTFOLIO 223
15.11.3 RECENT DEVELOPMENTS 224
15.12 LITHIUMWERKS 225
15.12.1 COMPANY SNAPSHOT 225
15.12.2 PRODUCT PORTFOLIO 225
15.12.3 RECENT DEVELOPMENT 226
15.13 SAFT (A SUBSIDIARY OF TOTAL) 227
15.13.1 COMPANY SNAPSHOT 227
15.13.2 PRODUCT PORTFOLIO 227
15.13.3 RECENT DEVELOPMENTS 228
15.14 SHENZHEN A&S POWER TECHNOLOGY CO., LTD 229
15.14.1 COMPANY SNAPSHOT 229
15.14.2 PRODUCT PORTFOLIO 229
15.14.3 RECENT DEVELOPMENTS 230
15.15 SHENZHEN BAK TECHNOLOGY CO., LTD 231
15.15.1 COMPANY SNAPSHOT 231
15.15.2 PRODUCT PORTFOLIO 231
15.15.3 RECENT DEVELOPMENT 232
15.16 TIANJIN LISHEN BATTERY CO., LTD 233
15.16.1 COMPANY SNAPSHOT 233
15.16.2 PRODUCT PORTFOLIO 233
15.16.3 RECENT DEVELOPMENTS 236
15.17 TOSHIBA CORPORATION 237
15.17.1 COMPANY SNAPSHOT 237
15.17.2 REVENUE ANALYSIS 237
15.17.3 PRODUCT PORTFOLIO 238
15.17.4 RECENT DEVELOPMENTS 239
15.18 VARTA AG 240
15.18.1 COMPANY SNAPSHOT 240
15.18.2 REVENUE ANALYSIS 240
15.18.3 PRODUCT PORTFOLIO 241
15.18.4 RECENT DEVELOPMENTS 242
15.19 WANXIANG A123 SYSTEMS CORP 244
15.19.1 COMPANY SNAPSHOT 244
15.19.2 PRODUCT PORTFOLIO 244
15.19.3 RECENT DEVELOPMENT 245
15.20 XALT ENERGY 246
15.20.1 COMPANY SNAPSHOT 246
15.20.2 PRODUCT PORTFOLIO 246
15.20.3 RECENT DEVELOPMENTS 247
16 QUESTIONNAIRE 249
17 RELATED REPORTS 252