GCC Rechargeable Battery Market Share, Size, Growth, Opportunity and Forecast 2021-2026

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

GCC Rechargeable Battery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The GCC rechargeable battery market is currently witnessing robust growth. Rechargeable batteries, also known as accumulators, secondary cells and storage batteries, are electrochemical devices that convert chemical energy into electrical energy. They comprise a cathode, anode and an electrolyte and are widely available in different shapes and sizes, ranging from button-sized cells to industrial megawatt systems. Some of the most commonly used rechargeable batteries are lead-acid and nickel-metal hydride batteries.

The continuous efforts of governing agencies to establish automobile companies and launch electric vehicles (EVs) are strengthening the growth of the GCC rechargeable battery market. Apart from this, the high demand for electronic devices, such as smartphones, laptops, digital cameras and tablets, has escalated the sales of rechargeable batteries in the region. Furthermore, several benefits offered by these batteries, such as their high energy density and lower self-discharge rate, are driving their sales in the region. However, the outbreak of the coronavirus disease (COVID-19) and consequent lockdownshave negatively influenced the market growth. The market will experience an increase in the overall production and sales when lockdown restrictions are uplifted. Looking forward, the market is expected to continue its strong growth during the forecast period (2021-2026).

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the GCC rechargeable battery market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, battery type, capacity and application.

Market Breakup by Battery Type:

Lead-Acid Batteries
Li-ion Batteries
NiMH Batteries
NiCd Batteries
Others

Market Breakup by Capacity:

150 - 1000 mAh
1300 - 2700 mAh
3000 - 4000 mAh
4000 - 6000 mAh
6000 - 10000 mAh
More than 10000 mAh

Market Breakup by Application:

Consumer Electronics
Industrial Applications
Automobile Applications
Defence
Others

Breakup by Country:

Saudi Arabia
UAE
Qatar
Oman
Kuwait
Bahrain

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key Questions Answered in This Report:

How has the GCC rechargeable battery market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the GCC rechargeable battery market?
What are the key regional markets?
What is the breakup of the market based on the battery type?
What is the breakup of the market based on the capacity?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the GCC rechargeable battery market and who are the key players?
What is the degree of competition in the industry?