As South Africa undergoes industrialization and economic development, the growing energy needs of expanding industries become increasingly vital. Batteries emerge as indispensable components, playing a crucial role in providing backup power to ensure uninterrupted operations. The reliability of a continuous power supply is paramount for sustaining manufacturing processes, machinery, and overall industrial growth. Batteries not only act as a safeguard against power outages but also support the scalability of industries by offering adaptable energy storage solutions. As a result, they contribute to the stability of energy sources, allowing industries to thrive in an environment where uninterrupted and reliable power is fundamental to sustained growth and operational efficiency.
According to Data Bridge Market Research analyses that the South Africa Battery Market was valued at USD 965.57 million in 2022 and is expected to reach the value of USD 1747.87 million by 2030, at a CAGR of 7.70% during the forecast period of 2023 to 2030.
"Rise in Demand for Lead-Acid Battery Boosts the Market Growth"
The South African battery market is witnessing a notable increase in demand for lead-acid batteries, primarily driven by their extensive applications in critical sectors such as uninterrupted power supply (UPS), healthcare, oil and gas, and telecommunications. The transport and automotive sectors, including the rising use of electric bikes, further contribute to this growth. The cost-effectiveness and high reliability of lead-acid batteries make them a preferred choice in a market where budget considerations are significant. Their versatility, catering to diverse applications, adds to their appeal.
What restraints the growth of South Africa battery market?
“Risk of Battery Explosion Slows Down the Market Growth”
The South African battery market faces a significant constraint due to an escalating risk of battery explosions, particularly in sectors such as quarries, vehicles, mines, and stationary and mobile plants. This safety concern not only poses risks to human safety but also raises questions about property damage. Moreover, the market encounters a challenge with the rising demand for lithium-ion batteries, known for their higher energy density, lighter weight, and increasing popularity. This shift is expected to hinder the sales of lead-acid batteries, especially in the two-wheeler segment, thereby obstructing the overall growth rate of the South African battery market.
Segmentation: South Africa Battery Market
The South Africa battery market is segmented based on the battery type, type, sales channel, voltage range, components and application.
- On the basis of battery type, the South Africa battery market is segmented into lead-acid battery, lithium-ion battery, nickel-cadmium battery, nickel metal hydride battery, nickel-zinc battery, flow battery, sodium-sulfur battery, zinc-manganese dioxide battery, small sealed lead-acid battery, and other batteries
- On the basis of type, the South Africa battery market is segmented into secondary and primary
- On the basis of sales channel, the South Africa battery market is segmented into direct and indirect
- On the basis of voltage range, the South Africa battery market is segmented into less than 50 volt, 51 volt to 100 volt and more than 100 volt
- On the basis of components, the South Africa battery market is segmented into anode, cathode, separator and outer body/container
- On the basis of applications, the South Africa battery market is segmented into automotive, commercial, mobile phones, electronic devices, industrial and others
To know more about the study visit, https://www.databridgemarketresearch.com/ko/reports/south-africa-battery-market
Recent Developments in South Africa Battery Market
- In June 2020, Amara Raja Batteries Ltd. announced a strategic collaboration with Gridtential Energy to advance bipolar battery technology. Under this partnership, extensive testing will be conducted utilizing Amara Raja's active material, with a focus on enhancing battery life cycle, energy density, efficiency, charging rates, and overall manufacturability. The joint efforts are geared towards pushing the boundaries of battery technology, ultimately aiming to boost the company's market share. By combining expertise and resources, Amara Raja Batteries and Gridtential Energy seek to make substantial improvements in various aspects of battery performance, contributing to their competitiveness in the evolving energy storage market.
The Prominent Key Players Operating in the South Africa Battery Market Include:
- Banner (Austria)
- DYNAVOLT Power (China)
- Tianneng rechargeable battery manufacturers (China)
- leoch International Technology Limited Inc, (China)
- Manbat Ltd T/A SYBS (U.S.)
- ENERSYS. (U.S.)
- Chaowei Power Holdings Ltd (China)
- KOYO BATTERY CO., LTD (China)
- Robert Bosch GmbH (Germany)
- GS Yuasa International Ltd (Japan)
- EXIDE INDUSTRIES LTD (India)
- Battery Tender (U.S.)
- Camel Group Co., Ltd (China)
- Reem Batteries & Power Appliances Co. SAOC (Dubai)
- Saft (France)
- C&D TECHNOLOGIES, INC. (U.S.)
- Panasonic Corporation (Japan)
Above are the key players covered in the report, to know about more and exhaustive list of South Africa battery market companies contact, https://www.databridgemarketresearch.com/ko/contact
Research Methodology: South Africa Battery Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
