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.
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.
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.
Lebanon could realistically and cost-effectively obtain 30% of its electricity supply from renewables by 2030, the study finds. But doing so requires considerable acceleration, effectively doubling the share expected from existing plans and policies. The LCEC action plan for solar and wind development represents a notable step in this direction.
To meet these demands, it is essential to pave the path toward post lithium-ion batteries. Aluminum-ion batteries (AIBs), which are considered as potential candidates for the next generation batteries, have gained much attention due to their low cost, safety, low dendrite formation, and long cycle life.
Despite their long history, Al batteries are still in the nascent stages of development. The critical first step towards practical applications of various Al batteries is to establish a comprehensive understanding of the underlying system.