GCC Rechargeable Battery Market

GCC Rechargeable Battery Market Overview:

The GCC rechargeable battery market was worth US$ XX Billion in 2022, expanding at a CAGR of X% during 2017-2022. Looking forward, the market is projected to grow at a CAGR of around X% during 2023-2028, reaching a value of US$ XX Billion by 2028. A rechargeable battery can be recharged, charged, and discharged many times when compared to a disposable or primary battery that is supplied fully charged and must be discarded after use. These batteries use reversible cell reactions, enabling them to regain their electrical potential when exposed to passing electric currents. Rechargeable batteries are made using different combinations of electrode materials and electrolytes, including nickel-cadmium (NiCd), zinc-air, nickel–metal hydride (NiMH), lithium iron phosphate (LiFePO4), lithium-ion (Li-ion), and Li-ion polymer. They comprise an anode, cathode, and electrolyte and are widely available in various shapes and sizes, ranging from industrial megawatt systems to button-sized cells. The commonly available rechargeable batteries in the market include lead-acid, Li-ion, and nickel-metal hydride batteries.

The increasing population in the GCC region has considerably surged the demand for energy, which represents one of the primary factors accelerating the market growth. In continuation, regional governments are actively working to establish automobile companies and launch electric vehicles (EVs) to address the growing environmental concerns, which is positively supporting the market growth. Moreover, the shifting consumer preference toward rechargeable batteries over disposable batteries due to their various advantages, such as high energy density, less waste production, lower self-discharge rate, and rechargeability, is acting as another factor driving the market growth. Additionally, the burgeoning demand for electronic devices, including laptops, digital cameras, smartphones, and tablets, due to increasing consumer expenditure power is providing a significant boost to the market growth in the region. Besides this, key market players are heavily investing in research and development (R&D) activities to introduce innovative product variants, such as advanced lithium-air and -copper batteries, which, in turn, is bolstering the market growth. Other factors, such as the easy product availability across diverse platforms and the inflating sales of EVs, are creating a positive outlook for the market.

Beginning with a regional overview, the report explores the dynamics that have a strong influence on the GCC rechargeable battery market and can also impact its future growth. Taking 2022 as the base year, the report covers historical market scenario from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the GCC rechargeable battery market in Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. For each of these regions, the report studies the GCC rechargeable battery market in detail for latest trends, outlook and opportunities.

The report analyses the competitive structure of the GCC rechargeable battery market industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the GCC rechargeable battery market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the GCC rechargeable battery market industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the GCC rechargeable battery market industry. Furthermore, the value chain analysis of the GCC rechargeable battery market industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution. 

GCC Rechargeable Battery Market Segment Insights:

The GCC rechargeable battery market has been analysed as followed:

By Battery Type:

• Lead-Acid Batteries
• Li-ion Batteries
• NiMH Batteries
• NiCd Batteries
• Others

By Capacity:

• 150 - 1000 mAh
• 1300 - 2700 mAh
• 3000 - 4000 mAh
• 4000 - 6000 mAh
• 6000 - 10000 mAh
• More than 10000 mAh

By Application:

• Consumer Electronics
• Industrial Applications
• Automobile Applications
• Defence
• Others

 By Country:

• Saudi Arabia
• United Arab Emirates
• Qatar
• Kuwait
• Oman
• Bahrain

Country-wise, the market has been segmented into Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. Amongst these, Saudi Arabia represents the largest market, accounting for majority of the GCC region.

Competative Landscape: 

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Highlights of the GCC Rechargeable Battery Market Report:

• Historical and current scenario
• Trends and developments
• Impact of COVID-19
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis

Report Customisation:

The GCC rechargeable battery market report can be customised as per your requirements. You can get in touch with our analyst, who will make sure that the report suits your research needs