Middle East and Africa Lithium-Ion Battery Market to Reach USD 17.22 Billion by 2035 from USD 3.75 Billion in 2025 at a 16.5% CAGR - SRI

London, UK - October 2026 | Strategic Revenue Insights Inc. - Saudi Arabia's Vision 2030, UAE solar-plus-storage projects, and new cell manufacturing in Morocco are driving very rapid growth in the Middle East and Africa lithium-ion battery market. According to Strategic Revenue Insights, the middle east and africa lithium-ion battery market was valued at USD 3.75 billion in 2025 and is projected to reach USD 17.22 billion by 2035, registering a CAGR of 16.5%. The report was prepared by lead analyst Lukas Schmidt. The source report does not disclose detailed methodology, including the number of primary interviews or the specific secondary datasets used.

Key Takeaways

• Market value is projected to rise from USD 3.75 billion in 2025 to USD 17.22 billion by 2035, at a CAGR of 16.5%.
• Automotive is the largest end-use industry with a 40% share in 2025 and the fastest-growing at a 16.9% CAGR, and electric vehicles lead applications with a 35% share.
• Lithium iron phosphate (LFP) leads cathode chemistry with 28%, prismatic cells hold 35% of cell formats, cathode active material is the largest component with 30%, and the above 60,000 mAh capacity segment holds 30%.
• Saudi Arabia is the largest country market with a 34.93% share in 2025, while Egypt records the highest CAGR at 18.0%.
• Named market participants include CATL, BYD, and LG Energy Solution.

Report URL: https://www.strategicrevenueinsights.com/industry/middle-east-africa-lithium-ion-battery-market

Vision 2030 and Solar-Plus-Storage Drive Battery Demand

SRI estimates that Saudi Arabia's Vision 2030 push for renewable energy and EV adoption adds 3.0 percentage points to market growth, while the UAE's investment in large-scale solar-plus-storage systems adds 2.5 points. Cathode and cell investments in Morocco, including Gotion High-Tech's planned gigafactory, add 2.0 points, and the shift from diesel to lithium-ion in African telecom and mining adds 1.5 points.

Lithium manganese iron phosphate (LMFP) is the fastest-growing cathode chemistry at a 17.3% CAGR, energy storage systems hold a 25% application share with a 16.7% CAGR, and utilities and power account for 30% of end use. The market is expected to reach USD 8.05 billion by 2030.

Market Segmentation

By Cathode Chemistry: Lithium Iron Phosphate (LFP), Nickel Manganese Cobalt (NMC), Nickel Cobalt Aluminum (NCA), Lithium Manganese Iron Phosphate (LMFP), Lithium Cobalt Oxide (LCO), Lithium Manganese Oxide (LMO), and Lithium Titanate (LTO). LFP leads with 28%.

By Cell Format: Cylindrical (18650, 21700, 4680), Prismatic, Pouch, and Large-Format Prismatic (280 Ah and Above, ESS). Prismatic leads with 35%.

By Capacity: Below 3,000 mAh, 3,000 to 10,000 mAh, 10,000 to 60,000 mAh, and Above 60,000 mAh.

By Component: Cathode Active Material, Anode Material (Graphite, Silicon-Carbon), Electrolyte, Separator, Current Collectors & Cell Casings, and Battery Management System (BMS). Cathode active material leads with 30%.

By Application: Electric Vehicles (BEV & PHEV), Energy Storage Systems (ESS), Consumer Electronics, Two- & Three-Wheelers, Power Tools, Industrial & Material Handling, Medical Devices, and Aerospace & Defense. Electric vehicles lead with 35%.

By End-Use Industry: Automotive, Utilities & Power, Consumer Electronics, Industrial, Telecom (Base Station Backup), and Healthcare. Automotive leads with 40%.

By Country: Saudi Arabia, United Arab Emirates, Turkey, South Africa, Israel, Egypt, Nigeria, Qatar, and Rest of Middle East & Africa.

Regional Outlook

The report covers North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Saudi Arabia leads with a 34.93% share in 2025 (USD 1.31 billion, growing to USD 6.87 billion by 2035 at an 18.0% CAGR), followed by the United Arab Emirates at 16% with a 16.6% CAGR and Turkey at 14% with a 16.1% CAGR, while Egypt also grows at 18.0% and Nigeria at 17.1%. The source provides no further region-specific market values or growth rates.

Competitive Landscape

The report names CATL, BYD, LG Energy Solution, Samsung SDI, Panasonic Energy, SK On, and Gotion High-Tech as key companies. SRI estimates that the five largest companies hold about 46% of Middle East and Africa revenue; CATL holds a 12% share, BYD 10%, LG Energy Solution 9%, and Samsung SDI 8%.

Market Restraints

Varying regulations across countries reduce growth by an estimated 2.0 percentage points, and potential supply chain disruptions from geopolitical tensions subtract a further 1.5 points.

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Frequently Asked Questions

What is the size of the middle east and africa lithium-ion battery market in 2025?

The market is valued at USD 3.75 billion in 2025.

What will be the market size by 2035?

The market is projected to reach USD 17.22 billion by 2035.

What is the expected CAGR of the middle east and africa lithium-ion battery market?

The market is projected to expand at a CAGR of 16.5% from 2026 to 2035.

Which segment is largest in the middle east and africa lithium-ion battery market?

Automotive is the largest end-use industry with a 40% share in 2025.

Which region leads the middle east and africa lithium-ion battery market?

Saudi Arabia leads with a 34.93% share in 2025 (USD 1.31 billion, growing to USD 6.87 billion by 2035 at an 18.0% CAGR), followed by the United Arab Emirates at 16% with a 16.6% CAGR and Turkey at 14% with a 16.1% CAGR, while Egypt also grows at 18.0% and Nigeria at 17.1%.

About Strategic Revenue Insights Inc.

Strategic Revenue Insights Inc., part of SRI Consulting Group Ltd, is a London-headquartered market intelligence firm that helps organizations across industries and geographies make evidence-based revenue and strategy decisions. The firm produces syndicated research reports and customized consulting engagements built on rigorous market sizing, forecasting, and competitive benchmarking, drawing on a globally connected team of analysts and consultants.

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