ACDelco to Continue its Dominance in Middle East & North Africa Battery Market until 2023
Expanding
vehicle fleet size, recovering crude oil prices, increasing
investments in infrastructure projects and growing exports
to drive Middle East & North Africa battery market through 2023
According to TechSci Research report, “Middle East & North Africa Battery Market By Type, By Application, By Country, Competition Forecast & Opportunities,
2013 – 2023”, battery market in the
Middle East & North Africa (MENA) region is projected to grow to $ 4.48
billion by 2023. Growing automobile fleet size, increasing demand for premium
passenger cars and medium commercial vehicles (MCVs), and technological
advancements in battery technologies are among the key factors expected to
drive the market over the coming years. Lead acid battery segment holds the
largest share in the Middle East & North Africa battery market, owing to extensive
usage of these batteries in automobiles coupled with favorable government initiatives
to promote clean energy across various countries in the MENA region. Continuous
increase in battery imports from Asian and European countries is likely to
further aid the market growth in the coming years.
Browse 19
market data Tables and 181 Figures spread through 196 Pages and an
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Backed by high population density
and large automobile fleet, Saudi Arabia in the Middle East and Egypt in North
Africa are the leading demand generating countries for batteries in the MENA
region. In 2017, ACDelco accounted for the largest market share in MENA battery
market and the company is likely to dominate the market during the forecast
period as well, owing to strong distribution network and extensive line of
products. Some of the other major players in Middle East & North Africa
battery market include Johnson Controls, SEBANG Global Battery Co. Ltd.,
ATLASBX Co. Ltd., and GS Yuasa Corporation, among others.
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“Growing
usage of Heavy-duty Maintenance-Free batteries (HDMF), increasing automobile
fleet size, surging investments in infrastructure development projects and
rising penetration of lithium-ion batteries are the major factors anticipated
to fuel demand for batteries in the Middle East & North Africa region during
the forecast period. Moreover, market growth is expected to be driven by
increasing imports of premium cars and growing focus on proper smelting
facilities in the region.”, said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Middle East & North Africa Battery Market By
Type, By Application, By Country, Competition Forecast & Opportunities,
2013 – 2023” has
analyzed the potential of Middle East & North Africa battery market, and
provides information and statistics on market structure, size, share and
trends. The report is intended to provide cutting-edge market intelligence and
help decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities present in the Middle East & North Africa
battery market
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