Saudi Arabia Rechargeable Battery Market

Saudi Arabia Rechargeable Battery Market Overview:

The Saudi Arabia rechargeable battery market size reached USD 1,158.82 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 2,042.50 Million by 2033, exhibiting a growth rate (CAGR) of 6.50% during 2025-2033. The market is driven by domestic lithium sourcing, growing demand for electric vehicles, and energy storage solutions. Also, the localization of raw materials, with advancements in lithium extraction and exploration projects enhancing supply chain stability and supporting Vision 2030 objectives. These factors are contributing to the steady rise in the market demand as the country strengthens its position in the clean energy transition.

Saudi Arabia Rechargeable Battery Market Trends:

Expansion of Domestic Lithium Sourcing

Saudi Arabia’s rechargeable battery market is showing a clear trend toward building self-reliant lithium sourcing capabilities. With rising global competition for raw materials, the country is strategically focusing on localizing access to lithium. This move is critical as demand for electric vehicles and energy storage systems rises, and countries seek to avoid external supply chain risks. It reflects a long-term approach to controlling upstream inputs while aligning with national goals to diversify the economy. By utilizing domestic resources and integrating research institutions and energy majors, the country is reducing its dependence on imports and positioning itself as a battery material supplier. A key development occurred in December 2024 when Aramco and Lihytech began lithium extraction from oil fields using KAUST-developed technology. This marked the use of proprietary innovations to unlock lithium from brine sources, which were previously unutilized. The approach combines oil sector infrastructure with advanced direct extraction techniques, increasing cost efficiency and resource recovery. This development not only creates a new source of strategic mineral supply but also supports long-term planning for battery-grade lithium within Saudi borders. As more applications shift toward electrification, this domestic sourcing trend is expected to drive pricing stability, encourage local manufacturing, and support rechargeable battery market growth.

Advancing Exploration-Led Supply Chain Planning

Saudi Arabia is also driving its rechargeable battery market forward by prioritizing exploration as a tool for future resource planning. This trend reflects the need to identify and secure critical raw materials to meet expected demand in the battery and electric mobility sectors. Exploration-based planning allows for systematic resource allocation and helps de-risk long-term investment into refining and battery production. It also strengthens investor confidence, especially when strategic partnerships are formed with international players experienced in battery minerals. This early-stage groundwork is a key driver in shaping a resilient and forward-looking battery value chain in the region, aligning closely with the rechargeable battery market forecast that anticipates significant growth driven by domestic capabilities and strategic investment. In July 2024, Australia’s EV Metals Group concluded preliminary exploration at Saudi Arabia’s Balthaga Lithium Project. The joint initiative with local firm RIWAQ revealed positive results, identifying 44 lithium-bearing targets across 1,200 square kilometers. This milestone was part of a broader plan to assess the site’s full potential and secure long-term lithium supply. Rock samples from the site were sent for analysis, and additional zones are under review for nickel and copper. These findings are expected to support industrial-scale resource planning and reinforce Saudi Arabia’s ambition to become a reliable source of raw materials for rechargeable batteries. The project adds depth to the Kingdom’s future manufacturing base for NEVs and stationary storage.

Saudi Arabia Rechargeable Battery Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional level for 2025-2033. Our report has categorized the market based on battery type, capacity, and application.

Battery Type Insights:

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

The report has provided a detailed breakup and analysis of the market based on the battery type. This includes lead-acid batteries, Li-ion batteries, NiMH batteries, NiCd batteries, and others.

Capacity Insights:

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

As per the rechargeable battery market outlook, a detailed breakup and analysis of the market based on the capacity have also been provided in the report. This includes 150 - 1000 mAh, 1300 - 2700 mAh, 3000 - 4000 mAh, 4000 - 6000 mAh, 6000 - 10000 mAh, and more than 10000 mAh.

Application Insights:

• Consumer Electronics
• Industrial Applications
• Automobile Applications
• Defense
• Others

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes consumer electronics, industrial applications, automobile applications, defense, and others.

Regional Insights:

• Northern and Central Region
• Western Region
• Eastern Region
• Southern Region

The report has also provided a comprehensive analysis of all the major regional markets, which include Northern and Central region, Western region, Eastern region, and Southern region.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Saudi Arabia Rechargeable Battery Market News:

• April 2025: KAUST and Aramco jointly developed high-temperature rechargeable batteries operating from subzero to 130°C, targeting subsurface, EV, and grid storage uses. This innovation addressed durability gaps, reduced cooling needs, and enhanced battery lifespan, boosting Saudi Arabia’s advanced energy storage market growth.
• February 2025: Saudi Arabia invited bids for its first 2GW battery energy storage projects under a BOO model. Using rechargeable battery systems, the initiative aimed to support 50% renewable energy by 2030, strengthening grid reliability and expanding the nation’s energy storage market footprint.

Saudi Arabia Rechargeable Battery Market Report Coverage:

Key Questions Answered in This Report:

• How has the Saudi Arabia rechargeable battery market performed so far and how will it perform in the coming years?
• What is the breakup of the Saudi Arabia rechargeable battery market on the basis of the battery type?
• What is the breakup of the Saudi Arabia rechargeable battery market on the basis of the capacity?
• What is the breakup of the Saudi Arabia rechargeable battery market on the basis of application?
• What is the breakup of the Saudi Arabia rechargeable battery market on the basis of region?
• What are the various stages in the value chain of the Saudi Arabia rechargeable battery market? 
• What are the key driving factors and challenges in the Saudi Arabia rechargeable battery market?
• What is the structure of the Saudi Arabia rechargeable battery market and who are the key players?
• What is the degree of competition in the Saudi Arabia rechargeable battery market?

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Saudi Arabia rechargeable battery market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Saudi Arabia rechargeable battery market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Saudi Arabia rechargeable battery industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.