Please Wait.....
Report
Middle East And Africa Hybrid Electric Vehicle Battery - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2025 - 2030)
Market Report I 2025-04-28 I 110 Pages I Mordor Intelligence
The Middle East And Africa Hybrid Electric Vehicle Battery Market size is estimated at USD 0.30 billion in 2025, and is expected to reach USD 0.60 billion by 2030, at a CAGR of 15.02% during the forecast period (2025-2030).
Key Highlights
- In the coming years, as electric vehicle (EV) adoption surges and fuel prices climb, the demand for hybrid vehicles is set to rise, subsequently boosting the need for hybrid electric vehicle batteries. Further, declining lithium-ion battery price is likely to support the market growth.
- Conversely, a shortage of raw material reserves poses a significant challenge to the growth of the hybrid electric vehicle battery market.
- However, advancements in battery technology-such as enhanced energy density, quicker charging times, heightened safety, and extended lifespan-present lucrative opportunities for players in the hybrid electric vehicle battery market.
- Driven by increasing electric vehicle adoption, South Africa is emerging as the fastest-growing region in the global hybrid electric vehicle battery market.
Middle East And Africa Hybrid Electric Vehicle Battery Market Trends
Lithium-Ion Battery Type Dominate the Market
- The lithium-ion electric vehicle battery market in the Middle East and Africa is a dynamic arena, teeming with both opportunities and challenges. Lithium-ion rechargeable batteries are outpacing other battery technologies in popularity, thanks to their favorable capacity-to-weight ratio. Their adoption is further fueled by advantages like extended lifespan, low maintenance, superior shelf life, and a notable drop in prices.
- While lithium-ion batteries traditionally commanded a premium over their counterparts, leading market players have been ramping up investments. By achieving economies of scale and intensifying R&D efforts, they've not only enhanced battery performance but also intensified competition, driving prices down.
- In 2023, lithium-ion battery prices dipped to USD 139/kWh, marking a decline of over 13%. With ongoing technological innovations and manufacturing refinements, projections suggest prices will further drop to USD 113/kWh by 2025 and an ambitious USD 80/kWh by 2030.
- Governments in the Middle East and Africa are championing electric vehicles, driven by mounting environmental concerns and a commitment to net-zero carbon emission targets. Lithium, a cornerstone element in these batteries, is pivotal for EV storage capacity.
- As a case in point, the UAE government unveiled plans in 2023 to invest a staggering USD 164 billion by 2050, aiming to meet surging energy demands and foster sustainable growth. Dubai's Energy Strategy 2050, having already achieved its 2020 milestone of 7% energy production from renewables, is ambitiously targeting 25% by 2030 and a bold 75% by 2050. Such ambitious targets bolster the outlook for lithium-ion batteries as a clean energy solution, signaling a surge in demand for these batteries in hybrids and EVs.
- Leading companies in the region are ramping up battery production to meet the burgeoning demand for lithium-ion batteries in hybrids and EVs. Over the past few years, battery production initiatives have seen a consistent upward trajectory.
- Highlighting this trend, in December 2023, an agreement was inked between the Federal Ministry of Power, the China Ministry of Ecology and Environment, and Nigeria's Federal Ministry of Power. This pact, valued at USD 150 million, paves the way for a lithium-ion battery manufacturing plant in Nigeria, spearheaded by a Chinese firm. Such endeavors are set to bolster battery production in the region.
- Given these initiatives, a surge in lithium-ion battery production is on the horizon, coinciding with an anticipated uptick in hybrid vehicle demand during the forecast period.
South Africa to Witness Significant Growth
- Government policies, industry trends, and market forces shape the landscape of hybrid electric vehicle (HEV) batteries in South Africa. Regulations at both federal and state levels, targeting a reduction in greenhouse gas emissions, are promoting HEVs as a solution to lower emissions from the transportation sector.
- Demand for HEVs is surging in South Africa, a prominent producer of these vehicles in the Middle East and Africa. Data from Naamsa (the Automotive Business Council) reveals that in 2023, sales of HEVs reached 6,484 units, marking a 60.09% increase from 2022. While sales have shown a consistent upward trend in previous years, the establishment of multiple EV production plants in the region signals a continued rise in demand for HEV batteries.
- Changing consumer preferences are fueling the growing demand for hybrid cars in South Africa. Factors like high inflation and limited EV charging infrastructure are nudging buyers towards hybrids. This shift occurs amidst significant discounts on EVs from manufacturers and the introduction of advanced hybrid models in recent years.
- In March 2024, Toyota introduced a new mild-hybrid variant of its renowned SUV, the Fortuner, to the South African market. The revamped Fortuner boasts an advanced powertrain, enhancing both performance and fuel efficiency, featuring a 2.8-litre diesel engine paired with 48V hybrid technology. Such innovations are poised to boost the demand for advanced hybrids in the nation.
- With technological strides, supportive government initiatives, and a growing consumer shift towards sustainable transport, the outlook for HEV batteries in South Africa is bright. The government is actively promoting hybrid vehicles, aiming to curb greenhouse emissions.
- In 2023, the nation unveiled the South African Automotive Masterplan (SAAM) 2021-2035. This ambitious plan targets producing 1% of the global vehicle output, equating to 1.4 million vehicles annually, by 2035. Such moves are set to bolster South Africa's global vehicle production standing and, in turn, amplify the demand for HEV batteries in the years ahead.
- These developments underscore the significance of HEV battery solutions in energy storage for EVs, suggesting a robust demand trajectory for HEV batteries in the near future.
Middle East And Africa Hybrid Electric Vehicle Battery Industry Overview
The Middle East and Africa hybrid electric vehicle battery market is semi-fragmented. Some key players (not in particular order) are BYD Company Ltd, LG Energy Solution, Exide Industries Ltd, EnerSys, and Panasonic Holdings Corporation, among others.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
1 INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY
4 MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD, till 2029
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.1.1 The Increasing Electric Vehicle (EV) Production
4.5.1.2 Declining Lithium-ion Battery Prices
4.5.2 Restraints
4.5.2.1 Lack of Raw Material Reserves
4.6 Supply Chain Analysis
4.7 Industry Attractiveness - Porter's Five Forces Analysis
4.7.1 Bargaining Power of Suppliers
4.7.2 Bargaining Power of Consumers
4.7.3 Threat of New Entrants
4.7.4 Threat of Substitutes Products and Services
4.7.5 Intensity of Competitive Rivalry
4.8 Investment Analysis
5 MARKET SEGMENTATION
5.1 Battery Type
5.1.1 Lithium-ion Battery
5.1.2 Lead-Acid Battery
5.1.3 Sodium-ion Battery
5.1.4 Others
5.2 Vehicle Type
5.2.1 Passenger Cars
5.2.2 Commercial Vehicles
5.3 Geography
5.3.1 Saudi Arabia
5.3.2 United Arab Emirates
5.3.3 Nigeria
5.3.4 Egypt
5.3.5 Qatar
5.3.6 South Africa
5.3.7 Rest of Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 BYD Company Ltd
6.3.2 LG Energy Solution
6.3.3 EnerSys
6.3.4 Panasonic Holdings Corporation
6.3.5 Energizer
6.3.6 Exide Industries Ltd
6.3.7 Saft Groupe SA
6.3.8 Samsung SDI
6.3.9 SK Innovation
6.3.10 Contemporary Amperex Technology Co. Limited (CATL)
6.4 List of Other Prominent Companies
6.5 Market Ranking/ Share Analysis
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Technological Advancements in Battery Materials
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security