South Africa Battery Market Size & Outlook, 2025-2030
Global Market
Related Markets
South Africa battery market highlights
- The South Africa battery market generated a revenue of USD 208.5 million in 2024 and is expected to reach USD 403.1 million by 2030.
- The South Africa market is expected to grow at a CAGR of 10.6% from 2025 to 2030.
- In terms of segment, lithium ion was the largest revenue generating product in 2024.
- Lithium Ion is the most lucrative product segment registering the fastest growth during the forecast period.
Battery market data book summary
| Market revenue in 2024 | USD 208.5 million |
| Market revenue in 2030 | USD 403.1 million |
| Growth rate | 10.6% (CAGR from 2025 to 2030) |
| Largest segment | Lithium ion |
| Fastest growing segment | Lithium Ion |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Lead Acid, Lithium Ion, Nickel-based, Sodium-ion, Flow Battery, Small Sealed Lead-acid Batteries |
| Key market players worldwide | BYD Co Ltd ADR, GS Yuasa Corp, Hitachi Ltd, Johnson Controls International PLC, LG Chem, NEC Corp, Panasonic Holdings Corp, Samsung Electronics Co Ltd, Toshiba Corporation |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.2% of the global battery market in 2024.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, UAE battery market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 1,064.6 million by 2030.
According to the National Economic Development and Labour Council (Nedlac), South Africa produced 633,332 units of automobiles in 2023, witnessing a clear growth from 441,822 units in 2020. The country is expected to witness rapid growth in automotive production on account of economic development and rapid urbanization.
Furthermore, the emergence of local automotive manufacturers such as W Motors as well as large-scale manufacturers, such as General Motors, Lincoln, BMW, Nissan, Hyundai, Toyota, Daimler AG, and Volkswagen AG, are expected to drive the demand for lead acid batteries in the region.
For instance, in May 2024, Daimler Truck AG announced the launch of its first fully battery-electric truck range. The newly launched electric truck, eMercedes-Benz eActros 300 includes rigid 4x2 and 6x2 models and a tractor variant.
No credit card required*
Publish Date: Apr 20, 2026
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Three ways to get this data
Subscribe to the databook, customize it, or ask a question.Horizon Databook
Unlock every chart on this page and get dashboard access
- Statistics1.2M+ across all markets
- Databooks30K+ global, 120K+ country
- Companies200K+ profiles
- ExportPDF, Dashboard, XLS & PNG, licensed to cite
Customize it
Customize data as per your requirement
- AddCountries, segments, years
- RecutTo your product definition
- ExtendCompany-level detail
- OrA bespoke databook
- Turnaround5–10 working days
Ask Prism AI
A cited answer in seconds
- Corpus30,000 studies, 1.2M points
- ScopeAll markets, not just this
- CitationTraced to report & table
- HonestySays "not covered" if so
- SpeedSeconds, not days
Battery Market Scope
Battery Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Hitachi Ltd | View profile | 322,525 | 6-6, Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8280 | www.hitachi.com |
| Johnson Controls International PLC | View profile | 102,000 | One Albert Quay, Cork, Ireland, T12 X8N6 | www.johnsoncontrols.com |
| Panasonic Holdings Corp | View profile | 230,025 | 1006, Oaza Kadoma, Kadoma-shi, Osaka, Japan, 571-8501 | holdings.panasonic |
| Samsung Electronics Co Ltd | View profile | 124,804 | 129, Samsung-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, Korea, Republic of, 443-742 | www.samsung.com |
| NEC Corp | View profile | 118,527 | 7-1, Shiba 5-chome, Minato-ku, Tokyo, Japan, 108-8001 | www.nec.com |
| Toshiba Corporation | View profile | 10001+ | Tokyo, Tokyo, Japan, Asia | www.toshiba.com/tai/ |
| LG Chem | View profile | 10001+ | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | www.lgchem.com |
| BYD Co Ltd ADR | View profile | 703,504 | No. 3009, BYD Road, Pingshan, Guangdong Province, Shenzhen, China, People's Republic of, 518118 | www.byd.com |
| GS Yuasa Corp | View profile | 17,031 | 1, Inobanba-cho, Nishinosho, Kisshoin, Minami-ku, Kyoto, Japan, 601-8520 | www.gs-yuasa.com |
South Africa Battery Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Battery Market Outlook will help companies and investors design strategic landscapes.
Lithium Ion was the largest segment with a revenue share of 50.84% in 2024.
Horizon Databook has segmented the South Africa battery market based on lead acid, lithium ion, nickel-based, sodium-ion, flow battery, small sealed lead-acid batteries covering the revenue growth of each sub-segment from 2018 to 2030.
According to the National Economic Development and Labour Council (Nedlac), South Africa produced 633,332 units of automobiles in 2023, witnessing a clear growth from 441,822 units in 2020. The country is expected to witness rapid growth in automotive production on account of economic development and rapid urbanization.
Furthermore, the emergence of local automotive manufacturers such as W Motors as well as large-scale manufacturers, such as General Motors, Lincoln, BMW, Nissan, Hyundai, Toyota, Daimler AG, and Volkswagen AG, are expected to drive the demand for lead acid batteries in the region.
For instance, in May 2024, Daimler Truck AG announced the launch of its first fully battery-electric truck range. The newly launched electric truck, eMercedes-Benz eActros 300 includes rigid 4x2 and 6x2 models and a tractor variant.
- South Africa Battery Market Product Outlook (Revenue, USD Million , 2018-2030)
- Lead Acid
- Lithium Ion
- Nickel-based
- Sodium-ion
- Flow Battery
- Small Sealed Lead-acid Batteries
- Others
- South Africa Battery Market End Use Outlook (Revenue, USD Million , 2018-2030)
- Aerospace
- Automobile
- Consumer Electronics
- Grid-scale Energy Storage
- Telecom
- Power Tools
- Military & Defense
- Others
- South Africa Battery Market Application Outlook (Revenue, USD Million , 2018-2030)
- Automotive Batteries
- Industrial Batteries
- Portable Batteries
Reasons to subscribe to Battery Market Outlook databook
- Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
- Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
- Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
- Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
- Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Battery Market Outlook databook
- Our clientele includes a mix of Battery Market Outlook companies, investment firms, advisory firms & academic institutions.
- 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
- Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
- The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Africa Battery Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into South Africa Battery Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
South Africa Battery Market, 2018-2030 (US$M)
South Africa battery market statistics, by product, 2018-2030 (US$M)
