Middle East and Africa Battery Recycling Market

Market Introduction

The Middle East and Africa battery recycling market is a highly fragment

ed

market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. The surge in demand for lithium-ion batteries across consumer electronics, electric vehicles, and grid electrical storage, has increased the need for critical materials including cobalt, lithium, and graphite. With the steady growth in the demand for lithium-ion batteries, the focus has been shifted upon resource activation with the help of recycling. There is a rising need to incorporate advanced technology to promote resource efficiency, along with an economically feasible recycling system for lithium-ion batteries, to maintain the future supply of the component materials. Several research studies are focused on developing processes for the recycling of lithium-ion batteries. While several processes pose difficulties in actual application, some methods have been studied to pose better feasibility, among which, the most promising processes are separation technologies. Further, researchers are currently focusing their efforts to develop designs and materials related to lithium-ion batteries, which can effectively ease the future recovery of the batteries. The increase in the use of Li-S/Air or LFP batteries or breakthroughs in post-Li batteries based on abundant elements such as sodium, magnesium, or calcium is expected to lead to an absolute disassociation from conventional materials such as lithium, cobalt, and nickel in the future. Hence, a strong focus on recycling, backed with research and development activities, is effectively aimed to promote the demand for lithium-ion battery recycling, thereby supporting the growth of the battery recycling market.

In the Middle East and Africa, the ongoing pandemic has drastically altered the status of the electronics sector and negatively impacted the growth of the battery recycling market. The operations of several industries such as electronics, automotive, and power have been impacted during the pandemic, which has impacted the delivery cycle and increased import-export tariff of recycled batteries. The market has been impacted by the distortion in operational efficiencies and disruptions in the value chains attributable to the sudden closure of national and international borders. Disruptions in terms of sourcing of raw materials from suppliers and temporary closure of manufacturing bases due to lockdowns and quarantines have impacted the growth of the market during the pandemic. However, as the economies are planning to revive their operations, the demand for battery recycling is expected to rise in the Middle East and Africa. The expanding demand for battery recycling across automotive, industrial, household, consumer electronics, and other industries, along with significant investment by prominent manufacturers, is expected to drive the growth of the battery recycling market.

Middle East and Africa Battery Recycling Strategic Insights

Strategic insights for the Middle East and Africa Battery Recycling provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Middle East and Africa Battery Recycling Report Scope

Middle East and Africa Battery Recycling Regional Insights

The geographic scope of the Middle East and Africa Battery Recycling refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

Market Overview and Dynamics

The battery recycling market in Middle East and Africa is expected to grow from US$ 791.20 million in 2021 to US$ 1,598.74 million by 2028; it is estimated to grow at a CAGR of 10.6% from 2021 to 2028. There have been various initiatives by international companies for developing electric vehicle projects in the Middle East & Africa region. For instance, Saudi Electric Company entered into an agreement with Japanese Electric Power Co, Takaoka Toko, and Nissan Motor Co, for deploying the country’s first electric vehicle pilot project. Siemens is also providing support to Volkswagen by equipping its Zwickau vehicle plant to produce electric cars. Thus, the Middle East & Africa region is likely to witness an increasing adoption of electric vehicles in the coming years, which will create opportunities for the growth of the lithium-ion battery sector. Along with the increased adoption of batteries, there would be an increasing demand for battery recycling, which will provide various opportunities for the battery recycling market in the Middle East & Africa.

Key Market Segments

Based on type, the lead acid battery segment accounted for the largest share of the Middle East and Africa battery recycling market in 2020. Based on battery source, the consumer electronics segment accounted for the largest share of the Middle East and Africa battery recycling market in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the Middle East and Africa battery recycling market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report include Clarios; East Penn Manufacturing Company; Exide Industries Limited; G P Batteries International Limited; and Aqua Metals, Inc.

Reasons to buy report

• To understand the Middle East and Africa battery recycling market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for Middle East and Africa battery recycling market
• Efficiently plan M&A and partnership deals in Middle East and Africa battery recycling market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Middle East and Africa battery recycling market
• Obtain market revenue forecast for market by various segments from 2019-2028 in Middle East and Africa region.

Middle East and Africa Battery Recycling Market Segmentation

Middle East and Africa Battery Recycling Market -B

y Type

• Lead Acid Battery
• Lithium-Based Battery
• Nickel-Based Battery
• Others

Middle East and Africa Battery Recycling Market -By Battery Source

• Automotive
• Industrial
• Household
• Consumer Electronics
• Forklift

Middle East and Africa Battery Recycling Market – By Country

• South Africa
• Saudi Arabia
• UAE
• Rest of Middle East and Africa

Middle East and Africa Battery Recycling Market – Company Profiles

• Clarios
• East Penn Manufacturing Company
• Exide Industries Limited
• GP Batteries International Limited
• Aqua Metals, Inc.