Nigeria Battery Market, By Battery Type (Lithium Ion Based, Lead Acid Based, Nickel Metal Hydride, Others), 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 Phones, Electronic Devices, Industrial, Others) - Industry Trends and Forecast to 2029
Market Analysis and Size
Various batteries such as Lithium Ion Based have been in high demand in the past few years as it delivers high open-circuit voltage and a good energy-to-weight ratio. These batteries do not require scheduled cycling to enhance its service life. Batteries are utilized in numerous industry verticals, such as automotive and consumer electronics, among others.
Nigeria Battery Market was valued at USD 73.08 billion in 2021 and is expected to reach USD 136.47 billion by 2029, registering a CAGR of 6.80% during the forecast period of 2022-2029. Automotive accounts for the largest application segment in the respective market owing to the rise in the awareness about electric vehicles. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Market Definition
Batteries for various purposes such as automotive and inverters are being rapidly adopted in the mentioned countries as an alternative backup to electric power. With advancements in batteries such as polymers of lithium or combination of lithium with other chemicals to improve durability of the battery allows this battery market to gain good growth rate.
Report Scope and Market Segmentation
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Report Metric |
Details |
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Forecast Period |
2022 to 2029 |
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Base Year |
2021 |
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Historic Years |
2020 (Customizable to 2019 - 2014) |
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Quantitative Units |
Revenue in USD Billion, Volumes in Units, Pricing in USD |
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Segments Covered |
Battery Type (Lithium Ion Based, Lead Acid Based, Nickel Metal Hydride, Others), 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 Phones, Electronic Devices, Industrial, Others) |
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Countries Covered |
Nigeria |
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Market Players Covered |
Saft (France), SAMSUNG SDI CO.,LTD. (South Korea), Lithium Energy Japan (Japan), Tianjin Lishen Battery Co., Ltd. (China), Shenzhen A&S Power Technology Co., Ltd. (China), LITHIUMWERKS (Europe), GlobTek, Inc. (US), BYD Company Ltd (Chiana), Panasonic Corporation (Japan), LG Chem (South Korea), VARTA Microbattery GmbH (Germany), Dalian CBAK Power Battery Co., Ltd (China), TOSHIBA CORPORATION (Japan), CALB USA Inc. (US), Shenzhen BAK Technology Co., Ltd. (China), Contemporary Amperex Technology Co., Limited (China), A123 Systems LLC (US), Amperex Technology Limited (China), XALT Energy (Switzerland), and Leclanche (Switzerland), among others |
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Market Opportunities |
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Nigeria Battery Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- High Demand for Consumer Electronics
The rise in demand for consumer electronics across the globe acts as one of the major factors driving the growth of battery market. The penetration of portable variants, such as laptops, gaming consoles, smartphones, torches, and digital cameras, along with high-speed internet connectivity has a positive impact on the market.
- Demand for High-Quality Rechargeable Batteries
The increase in the demand for high-quality rechargeable batteries accelerate the market growth. Also, the usage of these electronics and use of lithium ion battery as an indispensable component of electric vehicles (EVs) drives the market.
- Sustainable Development
The rise in focus on sustainable development along with increase in awareness regarding the adverse effects of using traditional automobiles further influence the market. Various governments of numerous countries are implementing favorable initiatives to promote the sales of EVs.
Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the battery market.
Opportunities
Furthermore, Demand for hybrids and EVS extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, rise in research and development in batteries for hybrid and EVS will further expand the market.
Restraints/Challenges
On the other hand, high initial cost and safety issues related to battery usage are expected to obstruct market growth. Also, limited range and fluctuating oil prices are projected to challenge the battery market in the forecast period of 2022-2029.
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 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.
COVID-19 Impact on Nigeria Battery Market
COVID-19 had a negative impact on various industries including battery market. Both public and government sectors suffered greatly due to the facing financial crises during the outbreak of COVID-19. Businesses were shut down in numerous countries because of the social distancing guidelines and the imposition of lockdown. battery industry faced huge problems due to the shortage of laborers declining the low production. A decline in the demand for battery was witnessed owing to the limited production and shut down of industries, such as oil and gas sectors, among others. However, the battery market is expected to witness growth in demand after the post-covid-19 situation.
Recent Developments
- CATL and Daimler Truck AG announced the intensification of their existing partnership in May’2021. These are based on their shared vision of CO2-neutral electrified trucking. CATL will act as a supplier of lithium-ion battery packs for the Mercedes-Benz eActros LongHaul battery-electric truck. These trucks will be ready for series production in 2024.
Nigeria Battery Market Scope and Market Size
The battery market is segmented on the basis of battery type, type, sales channel, voltage range, components and application. The growth amongst these segments will help you analyze meager 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
- Lithium Ion Based
- Lead Acid Based
- Nickel Metal Hydride
- Others
Type
- Primary
- Secondary
Sales Channel
- Direct
- Indirect
Voltage Range
- Less than 50 Volt
- 51 Volt to 100 Volt
- More Than 100 Volt
Components
- Anode
- Separator
- Cathode
- Outer Body/Container
Application
- Mobile Phones
- Industrial
- Commercial
- Electronic Devices
- Automotive
- Others
Competitive Landscape and Nigeria Battery Market
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
- Saft (France)
- SAMSUNG SDI CO.,LTD. (South Korea)
- Lithium Energy Japan (Japan)
- Tianjin Lishen Battery Co., Ltd. (China)
- Shenzhen A&S Power Technology Co., Ltd. (China)
- LITHIUMWERKS (Europe)
- GlobTek, Inc. (US)
- BYD Company Ltd (Chiana)
- Panasonic Corporation (Japan)
- LG Chem (South Korea)
- VARTA Microbattery GmbH (Germany)
- Dalian CBAK Power Battery Co., Ltd (China)
- TOSHIBA CORPORATION (Japan)
- CALB USA Inc. (US)
- Shenzhen BAK Technology Co., Ltd. (China)
- Contemporary Amperex Technology Co., Limited (China)
- A123 Systems LLC (US)
- Amperex Technology Limited (China)
- XALT Energy (Switzerland)
- Leclanche (Switzerland)
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Table of Content
1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 OVERVIEW OF NIGERIA BATTERY MARKET
1.4 CURRENCY AND PRICING
1.5 LIMITATIONS
1.6 MARKETS COVERED
2 MARKET SEGMENTATION
2.1 MARKETS COVERED
2.2 GEOGRAPHICAL SCOPE
2.3 YEARS CONSIDERED FOR THE STUDY
2.4 DBMR TRIPOD DATA VALIDATION MODEL
2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS
2.6 DBMR MARKET POSITION GRID
2.7 MULTIVARIATE MODELING
2.8 BATTERY TYPE TIMELINE CURVE FOR NIGERIA
2.9 MARKET APPLICATION COVERAGE GRID
2.1 SECONDARY SOURCES
2.11 ASSUMPTIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 MANUFACTURERS AND SUPPLIERS DETAILS FOR NIGERIA BATTERY MARKET
4.1.1 SOUTH AFRICA BATTERY MARKET, SUPPLIERS AND MANUFACTURERS DETAILS
4.1.2 NIGERIA BATTERY MARKET, SUPPLIERS AND MANUFACTURERS DETAILS
4.1.3 ETHIOPIA BATTERY MARKET, SUPPLIERS AND MANUFACTURERS DETAILS
5 MARKET OVERVIEW
5.1 DRIVERS
5.1.1 INCREASING DEMAND FOR SMARTPHONES AND CONSUMER ELECTRONICS
5.1.2 GROWING ADOPTION OF BATTERIES IN INDUSTRIAL APPLICATIONS
5.1.3 GROWING DEMAND FOR SMART DEVICES AND WEARABLE
5.1.4 INCREASING NUMBER OF AUTOMOTIVE VEHICLES
5.1.5 HIGH REQUIREMENT OF LITHIUM-ION BATTERIES FOR VARIOUS APPLICATIONS
5.2 RESTRAINT
5.2.1 SAFETY ISSUES RELATED TO STORAGE, USAGE AND TRANSPORTATION OF LITHIUM-ION BATTERIES
5.3 OPPORTUNITIES
5.3.1 INCREASING GROWTH OF ELECTRIC VEHICLES
5.3.2 GROWING NUMBER OF R&D INITIATIVES AND MANUFACTURING FACILITIES
5.3.3 INCREASING USE OF LITHIUM-ION BATTERIES IN DEFENSE AND AEROSPACE
5.3.4 INCREASING GROWTH IN RENEWABLE ENERGY
5.4 CHALLENGE
5.4.1 AGING AND DEGRADATION OF BATTERIES
6 IMPACT ANALYSIS OF COVID-19
6.1 ANALYSIS ON IMPACT OF COVID-19 ON THE NIGERIA BATTERY MARKET
6.2 AFTERMATH OF COVID-19 AND GOVERNMENT INITIATIVE TO BOOST THE MARKET
6.3 STRATEGIC DECISIONS FOR MANUFACTURERS AFTER COVID-19 TO GAIN COMPETITIVE MARKET SHARE
6.4 IMPACT ON DEMAND
6.5 IMPACT ON SUPPLY CHAIN
6.6 PRICE IMPACT
6.7 CONCLUSION
7 NIGERIA BATTERY MARKET, BY BATTERY TYPE
7.1 OVERVIEW
7.2 LITHIUM ION BASED
7.2.1 BY COMPOSITION
7.2.1.1 LITHIUM COBALT OXIDE (LCO)
7.2.1.2 LITHIUM NICKEL MANGANESE COBALT OXIDE(Li-NMC)
7.2.1.3 LITHIUM NICKEL COBALT ALUMINUM OXIDE(NCA)
7.2.1.4 LITHIUM MANGANESE OXIDE (LMO)
7.2.1.5 LITHIUM TITANATE OXIDE (LTO)
7.2.1.6 LITHIUM IRON PHOSPHATE (LFP)
7.3 LEAD ACID BASED
7.4 NICKEL METAL HYDRIDE
7.5 OTHERS
8 NIGERIA BATTERY MARKET, BY TYPE
8.1 OVERVIEW
8.2 SECONDARY
8.3 PRIMARY
9 NIGERIA BATTERY MARKET, BY SALES CHANNEL
9.1 OVERVIEW
9.2 INDIRECT
9.3 DIRECT
10 NIGERIA BATTERY MARKET, BY VOLTAGE RANGE
10.1 OVERVIEW
10.2 LESS THAN 50 VOLT
10.3 VOLT TO 100 VOLT
10.4 MORE THAN 100 VOLT
11 NIGERIA BATTERY MARKET, BY COMPONENT
11.1 OVERVIEW
11.2 ANODE
11.3 CATHODE
11.4 SEPARATOR
11.5 OUTER BODY/CONTAINER
12 NIGERIA BATTERY MARKET, BY APPLICATION
12.1 OVERVIEW
12.2 AUTOMOTIVE
12.2.1 PASSENGER CAR
12.2.2 LIGHT COMMERCIAL VEHICLE
12.2.3 HEAVY COMMERCIAL VEHICLE
12.2.4 ELECTRIC VEHICLES
12.2.5 OTHERS
12.3 COMMERCIAL
12.4 MOBILE PHONES
12.5 ELECTRONIC DEVICES
12.6 INDUSTRIAL
12.7 OTHERS
13 NIGERIA BATTERY MARKET: COMPANY LANDSCAPE
13.1 COMPANY SHARE ANALYSIS: NIGERIA
14 SWOT
15 COMPANY PROFILES
15.1 AMARA RAJA BATTERIES LTD.
15.1.1 COMPANY SNAPSHOT
15.1.2 REVENUE ANALYSIS
15.1.3 PRODUCT PORTFOLIO
15.1.4 RECENT DEVELOPMENTS
15.2 AUTOX
15.2.1 COMPANY SNAPSHOT
15.2.2 PRODUCT PORTFOLIO
15.2.3 RECENT DEVELOPMENT
15.3 BLUENOVA
15.3.1 COMPANY SNAPSHOT
15.3.2 PRODUCT PORTFOLIO
15.3.3 RECENT DEVELOPMENT
15.4 DIXON BATTERIES
15.4.1 COMPANY SNAPSHOT
15.4.2 PRODUCT PORTFOLIO
15.4.3 RECENT DEVELOPMENT
15.5 DURACELL INC. (A SUBSIDIARY OF BERKSHIRE HATHAWAY INC.)
15.5.1 COMPANY SNAPSHOT
15.5.2 REVENUE ANALYSIS
15.5.3 PRODUCT PORTFOLIO
15.5.4 RECENT DEVELOPMENT
15.6 ENERGIZER
15.6.1 COMPANY SNAPSHOT
15.6.2 REVENUE ANALYSIS
15.6.3 PRODUCT PORTFOLIO
15.6.4 RECENT DEVELOPMENT
15.7 EVEREADY (PTY) LTD.
15.7.1 COMPANY SNAPSHOT
15.7.2 PRODUCT PORTFOLIO
15.7.3 RECENT DEVELOPMENT
15.8 LITHIUMWERKS
15.8.1 COMPANY SNAPSHOT
15.8.2 PRODUCT PORTFOLIO
15.8.3 RECENT DEVELOPMENTS
15.9 METAIR
15.9.1 COMPANY SNAPSHOT
15.9.2 REVENUE ANALYSIS
15.9.3 PRODUCT PORTFOLIO
15.9.4 RECENT DEVELOPMENT
15.1 PANASONIC CORPORATION
15.10.1 COMPANY SNAPSHOT
15.10.2 REVENUE ANALYSIS
15.10.3 PRODUCT PORTFOLIO
15.10.4 RECENT DEVELOPMENTS
15.11 PROBE GROUP
15.11.1 COMPANY SNAPSHOT
15.11.2 PRODUCT PORTFOLIO
15.11.3 RECENT DEVELOPMENT
15.12 SAFT (A SUBSIDIARY OF TOTAL)
15.12.1 COMPANY SNAPSHOT
15.12.2 REVENUE ANALYSIS
15.12.3 PRODUCT PORTFOLIO
15.12.4 RECENT DEVELOPMENT
15.13 SHENZHEN A&S POWER TECHNOLOGY CO., LTD.
15.13.1 COMPANY SNAPSHOT
15.13.2 PRODUCT PORTFOLIO
15.13.3 RECENT DEVELOPMENT
15.14 TOSHIBA CORPORATION
15.14.1 COMPANY SNAPSHOT
15.14.2 REVENUE ANALYSIS
15.14.3 PRODUCT PORTFOLIO
15.14.4 RECENT DEVELOPMENT
15.15 TROJAN BATTERY COMPANY
15.15.1 COMPANY SNAPSHOT
15.15.2 PRODUCT PORTFOLIO
15.15.3 RECENT DEVELOPMENTS
16 QUESTIONNAIRE
17 RELATED REPORTS
List of Table
LIST OF TABLES
TABLE 1 NIGERIA BATTERY MARKET, BY BATTERY TYPE, MARKET FORECAST 2020-2027 (USD MILLION)
TABLE 2 SOUTH AFRICA BATTERY MARKET, BY BATTERY TYPE, MARKET FORECAST 2020-2027 (USD MILLION)
TABLE 3 ETHIOPIA BATTERY MARKET, BY BATTERY TYPE, MARKET FORECAST 2020-2027 (USD MILLION)
TABLE 4 NIGERIA LITHIUM ION BASED IN BATTERY MARKET, BY COMPOSITION, 2018-2027 (USD MILLION)
TABLE 5 SOUTH AFRICA LITHIUM ION BASED IN BATTERY MARKET, BY COMPOSITION, 2018-2027 (USD MILLION)
TABLE 6 ETHIOPIA LITHIUM ION BASED IN BATTERY MARKET, BY COMPOSITION, 2018-2027 (USD MILLION)
TABLE 7 NIGERIA BATTERY MARKET, BY TYPE, MARKET FORECAST 2020-2027 (USD MILLION)
TABLE 8 SOUTH AFRICA BATTERY MARKET, BY TYPE, MARKET FORECAST 2020-2027 (USD MILLION)
TABLE 9 ETHIOPIA BATTERY MARKET, BY TYPE, MARKET FORECAST 2020-2027 (USD MILLION)
TABLE 10 NIGERIA BATTERY MARKET, BY SALES CHANNEL, MARKET FORECAST 2020-2027 (USD MILLION)
TABLE 11 SOUTH AFRICA BATTERY MARKET, BY SALES CHANNEL, MARKET FORECAST 2020-2027 (USD MILLION)
TABLE 12 ETHIOPIA BATTERY MARKET, BY SALES CHANNEL, MARKET FORECAST 2020-2027 (USD MILLION)
TABLE 13 NIGERIA BATTERY MARKET, BY VOLTAGE RANGE, MARKET FORECAST 2020-2027 (USD MILLION)
TABLE 14 SOUTH AFRICA BATTERY MARKET, BY VOLTAGE RANGE, MARKET FORECAST 2020-2027 (USD MILLION)
TABLE 15 ETHIOPIA BATTERY MARKET, BY VOLTAGE RANGE, MARKET FORECAST 2020-2027 (USD MILLION)
TABLE 16 NIGERIA BATTERY MARKET, BY COMPONENT, MARKET FORECAST 2020-2027 (USD MILLION)
TABLE 17 SOUTH AFRICA BATTERY MARKET, BY COMPONENT, MARKET FORECAST 2020-2027 (USD MILLION)
TABLE 18 ETHIOPIA BATTERY MARKET, BY COMPONENT, MARKET FORECAST 2020-2027 (USD MILLION)
TABLE 19 NIGERIA BATTERY MARKET, BY APPLICATION, MARKET FORECAST 2020-2027 (USD MILLION)
TABLE 20 SOUTH AFRICA BATTERY MARKET, BY APPLICATION, MARKET FORECAST 2020-2027 (USD MILLION)
TABLE 21 ETHIOPIA BATTERY MARKET, BY APPLICATION, MARKET FORECAST 2020-2027 (USD MILLION)
TABLE 22 NIGERIA AUTOMOTIVE IN BATTERY MARKET, BY APPLICATION, 2018-2027 (USD MILLION)
TABLE 23 SOUTH AFRICA AUTOMOTIVE IN BATTERY MARKET, BY APPLICATION, 2018-2027 (USD MILLION)
TABLE 24 ETHIOPIA AUTOMOTIVE IN BATTERY MARKET, BY APPLICATION, 2018-2027 (USD MILLION)
List of Figure
LIST OF FIGURES
FIGURE 1 NIGERIA BATTERY MARKET: SEGMENTATION
FIGURE 2 NIGERIA BATTERY MARKET: DATA TRIANGULATION
FIGURE 3 NIGERIA BATTERY MARKET: DROC ANALYSIS
FIGURE 4 NIGERIA BATTERY MARKET: COUNTRY VS. REGIONAL MARKET ANALYSIS
FIGURE 5 NIGERIA BATTERY MARKET: COMPANY RESEARCH ANALYSIS
FIGURE 6 NIGERIA BATTERY MARKET: INTERVIEW DEMOGRAPHICS
FIGURE 7 NIGERIA BATTERY MARKET: DBMR MARKET POSITION GRID
FIGURE 8 NIGERIA BATTERY MARKET: MARKET APPLICATION COVERAGE GRID
FIGURE 9 SOUTH AFRICA BATTERY MARKET: MARKET APPLICATION COVERAGE GRID
FIGURE 10 ETHIOPIA BATTERY MARKET: MARKET APPLICATION COVERAGE GRID
FIGURE 11 NIGERIA BATTERY MARKET: SEGMENTATION
FIGURE 12 INCREASING DEMAND FOR SMARTPHONES AND CONSUMER ELECTRONICSIS EXPECTED TO DRIVE THE NIGERIA BATTERY MARKET IN THE FORECAST PERIOD OF 2020 TO 2027
FIGURE 13 LITHIUM ION BASED SEGMENT IS EXPECTED TO ACCOUNT FOR THE LARGEST SHARE OF NIGERIA BATTERY MARKET IN 2020 & 2027
FIGURE 14 DRIVERS, RESTRAINT, OPPORTUNITIES AND CHALLENGE OF NIGERIA BATTERY MARKET
FIGURE 15 NIGERIA BATTERY MARKET: BY BATTERY TYPE, 2019
FIGURE 16 SOUTH AFRICA BATTERY MARKET: BY BATTERY TYPE, 2019
FIGURE 17 ETHIOPIA BATTERY MARKET: BY BATTERY TYPE, 2019
FIGURE 18 NIGERIA BATTERY MARKET: BY TYPE, 2019
FIGURE 19 SOUTH AFRICA BATTERY MARKET: BY TYPE, 2019
FIGURE 20 ETHIOPIA BATTERY MARKET: BY TYPE, 2019
FIGURE 21 NIGERIA BATTERY MARKET: BY SALES CHANNEL, 2019
FIGURE 22 SOUTH AFRICA BATTERY MARKET: BY SALES CHANNEL, 2019
FIGURE 23 ETHIOPIA BATTERY MARKET: BY SALES CHANNEL, 2019
FIGURE 24 NIGERIA BATTERY MARKET: BY VOLTAGE RANGE, 2019
FIGURE 25 SOUTH AFRICA BATTERY MARKET: BY VOLTAGE RANGE, 2019
FIGURE 26 ETHIOPIA BATTERY MARKET: BY VOLTAGE RANGE, 2019
FIGURE 27 NIGERIA BATTERY MARKET: BY COMPONENT, 2019
FIGURE 28 SOUTH AFRICA BATTERY MARKET: BY COMPONENT, 2019
FIGURE 29 ETHIOPIA BATTERY MARKET: BY COMPONENT, 2019
FIGURE 30 NIGERIA BATTERY MARKET: BY APPLICATION, 2019
FIGURE 31 SOUTH AFRICA BATTERY MARKET: BY APPLICATION, 2019
FIGURE 32 ETHIOPIA BATTERY MARKET: BY APPLICATION, 2019
FIGURE 33 NIGERIA BATTERY MARKET: COMPANY SHARE 2019 (%)
Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed 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. 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.
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