PUBLISHER: TechNavio | PRODUCT CODE: 1626107
PUBLISHER: TechNavio | PRODUCT CODE: 1626107
The battery market in africa is forecasted to grow by USD 1468.6 mn during 2023-2028, accelerating at a CAGR of 13.9% during the forecast period. The report on the battery market in africa provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by shift of automotive industry toward ev, rising demand for smart devices, and increasing inclusion of renewables in energy mix.
Technavio's battery market in africa is segmented as below:
Market Scope | |
---|---|
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 11.4% |
CAGR | 13.9% |
Incremental Value | $1468.6 mn |
By Application
By Geographical Landscape
This study identifies the growing number of microgrid installations as one of the prime reasons driving the battery market in africa growth during the next few years. Also, advancements in battery technology and integration of 3d printing technology will lead to sizable demand in the market.
The report on the battery market in africa covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading battery market in africa vendors that include Amara Raja Batteries Ltd., EnerSys, Eveready Pty Ltd., Exide Industries Ltd., First National Battery, Forgo Battery Co Ltd., Franerix Solutions Ltd., GS Yuasa International Ltd., Johnson Controls International Plc, Lithium Werks, Panasonic Holdings Corp., Pelton Batteries, Power Technology Inc., Robert Bosch GmbH, Shenzhen A and S Power Technology Co. Ltd., The Ibeto Group, Toshiba Corp., Trojan Battery Co. LLC, and Willard Batteries. Also, the battery market in africa analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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