Ethiopia Battery Market – Industry Trends and Forecast to 2030

Ethiopia Battery Market Analysis and Size

High demand for portable electronics such as tablets, LCDs, smartphones and wearable devices for instance, fitness bands, is increasing the market growth. The market is anticipated to witness significant growth on account of technological advancements in terms of cost-effectiveness, enhanced efficiency, and product innovation. Strict emission standards by the government authorities of developed countries, coupled with rising attention toward fuel efficiency, are likely to drive battery demand.

Data Bridge Market Research analyses that the battery market was valued at USD 52.99 million in 2022 and is expected to reach the value of USD 84.46 million by 2030, at a CAGR of 6.00% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Ethiopia Battery Market Scope and Segmentation

Market Definition

A battery is a device that converts chemical energy into electric energy contained within its active materials directly using an electrochemical oxidation and reduction (redox) reaction. This type of reaction includes the transfer of electrons from one material to another through an electric circuit. Whereas the term battery is frequently used, the cell is the actual electrochemical unit that is used to store or generate electric energy.

Ethiopia Battery Market Dynamics

Drivers

• Rising demand of battery in industrial applications

Batteries are primarily used in several industrial applications such as grid and off-grid energy storage systems, industrial automation systems, agricultural machinery, UPS, power backup, machinery and marine equipment,  defense and aviation, electronics, oil and gas, and civil infrastructure. A rise in the usage of automation systems and electric-powered forklifts in industrial logistics and storage warehouses, large-scale facilities, workshops, and factories is anticipated to drive the consumption of industrial batteries during the forecast period.

• Increasing demand for lead-acid battery

The lead-acid battery is witnessed the highest growth due to expanding applications in uninterrupted power supply (UPS), transport vehicles, automotive, telecommunication and electric bikes. High usage of continuous power supply devices in the healthcare, oil and gas and chemical industries for continuous power supply will drive the demand for a lead-acid battery. These batteries are widely used in impotent applications on account of their low cost and high reliability.

Opportunities

• Rising investment in electric vehicle market

The mounting investment in electric vehicle market owing to the high demand of vehicles in both developed and developing nations has led to the adoption of batteries in upcoming period. For Instance, according to Avenue Capitals, In India, the electric vehicle (EV) market is anticipated to be Rs 50,000 crore by 2025 for two-wheeler and three-wheeler vehicles and likely to generate beneficial opportunities for the market growth rate.

• Technological advancements

Increasing technological advancements in battery technologies have augmented the use of several battery-operated equipment all over the globe. Hybrid electric vehicles are equipped with numerous features that consume a substantial amount of battery power. These features include power windows, GPS navigation system, and a display that gives information regarding the air-conditioning systems and battery charge level.

Restraints

• Increasing risk of battery explosion 

High incidence of battery explosions in quarries, vehicles, mines, and stationary and mobile plants. Increase in the demand of lithium-ion batteries which are expected to hamper the sale of the two-wheeler lead acid batteries and obstruct the market's growth rate.

This battery market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the battery market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

• In June 2020, Amara Raja Batteries Ltd. declared a partnership with Gridtential Energy to create bipolar battery technology. In this partnership, numerous tests will be conducted with the support of Amara Raja’s active material and expansions will be made to increase the battery life cycle, energy density, efficiency, charging rates and manufacturability of batteries. This partnership will increase market share of company.

Ethiopia Battery Market Scope

The battery market is segmented based on the battery type, type, sales channel, voltage range, components and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Battery Type

• 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
• Other Batteries

Type

• Secondary
• Primary

Sales Channel

• Direct
• Indirect

Voltage Range

• Less than 50 Volt
• 51 Volt to 100 Volt
• More than 100 Volt

 Components

• Anode
• Cathode
• Separator Outer Body/Container

 Application

• Automotive
• Commercial
• Mobile Phone
• Electronic Devices
• Industrial
• Others

Competitive Landscape and Battery Market Share Analysis

The battery market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to battery market.

Some of the major players operating in the battery market are:

• 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)

Research Methodology: Ethiopia Battery Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The stage includes the obtainment of market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

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, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.

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