How big is the Africa battery market?

The Africa Battery Market is expected to reach USD 4.66 billion in 2024 and grow at a CAGR of 6.55% to reach USD 6.41 billion by 2029. Duracell Inc, Panasonic Corporation, Toshiba Corporation, Exide Industries ltd and Murata manufacturing Co ltd are the major companies operating in this market.

Who are the key players in the African battery market?

The African battery market is moderately fragmented. Some of the key players in this market (not in particular order) include Toshiba Corp., Murata Manufacturing Co. Ltd, Exide Industries Ltd, Panasonic Corporation, and Duracell Inc. *Disclaimer: Major Players sorted in no particular order Need More Details on Market Players and Competitors?

Is Africa the only battery producer in the world?

But Europe is not the only player in the space: American and Asian automakers like Tesla and Toyota are building battery gigafactories in a bid to dominate the electric vehicle battery market. Yet, one region is absent in the global battery production race. As the key producer of battery minerals, Africa is a lynchpin in battery supply chains.

Will South Africa see significant growth in battery market in 2022?

In 2022, the country spent around USD 700 million on importing lithium-ion cells and batteries. Hence, owing to the above points, South Africa is expected to see significant growth in the African battery market during the forecast period.

Who are the leading battery manufacturers in South Africa?

There are profiles of Eveready, Energizer, and Duracell, among other major battery manufacturing companies in South Africa.

How many batteries are used in South Africa?

It is estimated that over 50 million batteries are consumed in South Africa annually, 90% of which, are ordinary batteries, which are used once and then discarded into household refuse. The average South African uses 6 battery-operated products in their day-to-day lives. These devices range from TV Remotes to Clocks to kids toys.