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    South Africa Electric Vehicles Battery Market

    ID: MRFR/AM/52424-HCR
    200 Pages
    Sejal Akre
    September 2025

    South Africa Electric Vehicles Battery Market Research Report By Battery Type (Lithium-Ion, Solid-State, Nickel-Metal Hydride, Lead-Acid), By Electric Vehicle Type (Battery Electric Vehicle, Plug-In Hybrid Electric Vehicle, Hybrid Electric Vehicle), By Application (Automotive, Public Transport, Two-Wheeler, Energy Storage System) and By Capacity (Below 20 kWh, 20 kWh to 50 kWh, 51 kWh to 100 kWh, Above 100 kWh)- Forecast to 2035

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    Table of Contents

    South Africa Electric Vehicles Battery Market Summary

    The South Africa Electric Vehicles Battery market is projected to grow significantly from 279.2 USD Million in 2024 to 1040 USD Million by 2035.

    Key Market Trends & Highlights

    South Africa Electric Vehicles Battery Key Trends and Highlights

    • The market is expected to witness a compound annual growth rate (CAGR) of 12.7% from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 1040 USD Million, indicating robust growth potential.
    • In 2024, the market is valued at 279.2 USD Million, reflecting the current investment landscape in electric vehicle batteries.
    • Growing adoption of electric vehicles due to increasing environmental awareness is a major market driver.

    Market Size & Forecast

    2024 Market Size 279.2 (USD Million)
    2035 Market Size 1040 (USD Million)
    CAGR (2025-2035) 12.7%

    Major Players

    Northvolt, CATL, EnerSys, BYD, A123 Systems, Farasis Energy, LG Energy Solution, SMA Solar Technology, SAFT, Exide Technologies, Samsung SDI, Albemarle Corporation, Tesla

    South Africa Electric Vehicles Battery Market Trends

    The South Africa Electric Vehicles Battery Market is currently experiencing notable trends driven by several factors. One significant market driver is the government's commitment to transitioning towards a low-carbon economy, which is reflected in policies aimed at promoting electric vehicles (EVs). Initiatives like the South African National Development Plan advocate for cleaner energy solutions and encourage the adoption of EV technologies. This governmental push has created a framework that both manufacturers and consumers are responding to positively. 

    South Africa Electric Vehicles Battery Market Drivers

    Market Segment Insights

    South Africa Electric Vehicles Battery Market Segment Insights

    South Africa Electric Vehicles Battery Market Segment Insights

    Electric Vehicles Battery Market Battery Type Insights

    Electric Vehicles Battery Market Battery Type Insights

    The South Africa Electric Vehicles Battery Market is experiencing significant growth driven by the increasing adoption of electric vehicles, as well as government incentives and regulations aimed at minimizing environmental impact. The segmentation of this market is prominently categorized by Battery Type, which includes Lithium-Ion, Solid-State, Nickel-Metal Hydride, and Lead-Acid batteries, each having distinct characteristics and applications. Lithium-ion batteries have become a favored choice owing to their high energy density, lightweight nature, and improved cycle life, making them particularly suitable for electric vehicles.

    Their ability to provide longer driving ranges and faster charging solutions has facilitated their dominance in the market, aligning with global trends towards renewable energy and reduced emissions.

    Solid-State batteries represent an exciting advancement in battery technology, offering increased safety and energy efficiency over traditional liquid electrolyte batteries. These batteries utilize a solid electrolyte instead, which has the potential to drastically reduce risks such as battery rupture or leakage and enhance storage capacity, thereby addressing key concerns in the electric vehicle sector. Meanwhile, Nickel-Metal Hydride batteries, while being an older technology, are still relevant, particularly in hybrid vehicles, where they serve as a less expensive alternative with reasonable performance.

    Their ability to handle high discharge rates makes them a viable option for certain vehicle types, especially where cost sensitivity is a consideration.

    Electric Vehicles Battery Market Electric Vehicle Type Insights

    Electric Vehicles Battery Market Electric Vehicle Type Insights

    The South Africa Electric Vehicles Battery Market is increasingly characterized by a diverse mix of electric vehicle types, which play a pivotal role in shaping its dynamics. Within this landscape, Battery Electric Vehicles (BEVs) have gained significant traction due to their fully electric powertrains, contributing to a greener environment, which aligns with the South African government's initiatives towards sustainable development and reduced carbon emissions.

    Plug-in hybrid Electric Vehicles (PHEVs) provide a compelling alternative, enabling consumers to enjoy the benefits of both electric and traditional combustion engines, thus appealing to a wider audience concerned about range anxiety.Hybrid Electric Vehicles (HEVs) also hold a notable market share, combining fuel efficiency with electric power to deliver a smooth driving experience. 

    The growing adoption of these electric vehicle types is fueled by favorable policy frameworks and incentives for consumers, while infrastructure development, such as charging stations, remains a critical factor that bolsters the South Africa Electric Vehicles Battery Market. The market's growth is further driven by technological advancements in battery efficiency and affordability, opening up new opportunities for manufacturers and consumers alike.As South Africa strives to meet both economic and environmental goals, the Electric Vehicle Type segment will continue to evolve, meeting consumer demand and supporting the country's transition towards cleaner transportation solutions.

    Electric Vehicles Battery Market Application Insights

    Electric Vehicles Battery Market Application Insights

    The South Africa Electric Vehicles Battery Market is increasingly influenced by its diverse Application segments which play a vital role in driving market development. The Automotive sector remains a key area of focus as the demand for electric vehicles grows due to rising environmental concerns and government initiatives promoting sustainable transport solutions. Public Transport is gaining traction as cities aim to reduce air pollution and embrace electric buses and taxis, showcasing a commitment to modernization and sustainability. 

    Two-wheelers are also becoming significant within urban landscapes, with electric scooters and motorcycles offering cost-efficient and eco-friendly commuting options.Furthermore, the Energy Storage System segment is pivotal in enhancing energy management, allowing for effective utilization of renewable sources and addressing power supply challenges in South Africa. Each of these segments reflects evolving consumer preferences and supports the overall progress towards greener solutions in transportation and energy usage, contributing to advancements in the South Africa Electric Vehicles Battery Market.

    The government’s support of infrastructure development and local manufacturing is expected to foster continued growth and innovation across these Application segments, ultimately reshaping the mobility landscape in South Africa.

    Electric Vehicles Battery Market Capacity Insights

    Electric Vehicles Battery Market Capacity Insights

    The South Africa Electric Vehicles Battery Market is experiencing substantial growth, driven by increasing demand for electric vehicles and supportive government policies focusing on renewable energy. The market is segmented by battery capacity into categories such as Below 20 kWh, 20 kWh to 50 kWh, 51 kWh to 100 kWh, and Above 100 kWh. The Below 20 kWh segment caters primarily to electric scooters and low-range vehicles, appealing to urban commuters seeking cost-effective options. 

    The 20 kWh to 50 kWh segment is essential for compact electric cars, bridging the gap between affordability and range.The 51 kWh to 100 kWh category dominates high-performing electric vehicles, enhancing maximum driving distance and catering to both personal and commercial transportation needs. Lastly, the Above 100 kWh segment targets luxury electric vehicles, offering extensive range capabilities and advanced features that appeal to affluent consumers. Overall, the diverse capacity segments within the South Africa Electric Vehicles Battery Market reflect the varying consumer preferences and technological advancements, making it a dynamic space for both existing players and new entrants.

    Get more detailed insights about South Africa Electric Vehicles Battery Market Research Report- Forecast To 2035

    Regional Insights

    Key Players and Competitive Insights

    The South Africa Electric Vehicles Battery Market is evolving rapidly, driven by a combination of government policies, increasing environmental awareness, and advancements in battery technology. This market is highly competitive, with various domestic and international players vying for market share as consumers increasingly adopt electric vehicles. The battery segment is essential for the growth of this industry, as the performance, cost, and availability of electric vehicle batteries directly impact the adoption rates and overall success of electric vehicles in South Africa.

    Strategic partnerships, innovations, and differentiating product offerings play a critical role in this dynamic landscape as companies look to establish a strong foothold and cater to the surging demand for more sustainable transportation solutions.

    Northvolt has positioned itself strategically within the South African Electric Vehicles Battery Market by focusing on sustainability and high-performance battery technology. The company is known for its commitment to sustainable practices in battery production, which resonates well with the eco-conscious consumers in the region. Northvolt's strengths lie in its robust research and development capabilities, allowing them to innovate and enhance battery efficiency, lifecycle, and recycling processes. In South Africa, the company has garnered attention for its ability to localize production and contribute to energy transition goals, leading to partnerships with local stakeholders, which bolster its market presence.

    These strengths enable Northvolt to compete effectively in a market that prioritizes both quality and sustainability, as they align with local governmental and environmental objectives.

    CATL enjoys a significant presence in the South African Electric Vehicles Battery Market, leveraging its position as a global leader in battery technology and production. The company specializes in lithium-ion battery technologies, offering a range of products that cater to various segments of the electric vehicle market. CATL's strengths include its advanced manufacturing capabilities, extensive supply chain integration, and a strong commitment to innovation, all of which are necessary for meeting the growing demand within South Africa. 

    Furthermore, its involvement in mergers and acquisitions adds to its competitive edge, allowing for accelerated growth and expansion in the region. CATL continuously seeks collaborations with local manufacturers, enhancing their reach while also contributing to local economies. This robust approach enables CATL to remain a frontrunner in the market, capitalizing on the increasing transition towards electric mobility in South Africa and the need for efficient battery solutions.

    Key Companies in the South Africa Electric Vehicles Battery Market market include

    Industry Developments

    In South Africa, the Electric Vehicles Battery Market has been witnessing significant developments recently. In July 2023, the transition to electric vehicles saw a notable growth in investments, with companies such as Tesla and BYD expanding their operations. The South African government is focusing on promoting local manufacturing of batteries, with efforts to source materials domestically to support this growing sector. There have been discussions surrounding strategic partnerships among companies like Northvolt and LG Energy Solution to enhance local production and technology sharing. 

    Notably, in June 2023, CATL announced plans to invest in a new battery assembly facility in South Africa to optimize supply chain logistics. Meanwhile, there have been indications of growth in the market valuation due to increasing demand for sustainable energy solutions and government incentives for electric vehicle adoption, which are expected to boost battery adoption rates significantly. 

    Additionally, advancements in battery technology are paving the way for safer and longer-lasting energy storage solutions, reflected in partnerships between Farasis Energy and local firms for Research and Development initiatives, ensuring South Africa remains competitive in the global electric vehicle battery landscape.

    Market Segmentation

    Electric Vehicles Battery Market Capacity Outlook

    • Below 20 kWh
    • 20 kWh to 50 kWh
    • 51 kWh to 100 kWh
    • Above 100 kWh

    Electric Vehicles Battery Market Application Outlook

    • Automotive
    • Public Transport
    • Two-Wheeler
    • Energy Storage System

    Electric Vehicles Battery Market Battery Type Outlook

    • Lithium-Ion
    • Solid-State
    • Nickel-Metal Hydride
    • Lead-Acid

    Electric Vehicles Battery Market Electric Vehicle Type Outlook

    • Battery Electric Vehicle
    • Plug-In Hybrid Electric Vehicle
    • Hybrid Electric Vehicle

    Report Scope

    Report Attribute/Metric Source: Details
    MARKET SIZE 2023 279.18 (USD Million)
    MARKET SIZE 2024 326.04 (USD Million)
    MARKET SIZE 2035 1040.0 (USD Million)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 11.121% (2025 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    MARKET FORECAST PERIOD 2025 - 2035
    HISTORICAL DATA 2019 - 2024
    MARKET FORECAST UNITS USD Million
    KEY COMPANIES PROFILED Northvolt, CATL, EnerSys, BYD, A123 Systems, Farasis Energy, LG Energy Solution, SMA Solar Technology, SAFT, Exide Technologies, Samsung SDI, Albemarle Corporation, Tesla
    SEGMENTS COVERED Battery Type, Electric Vehicle Type, Application, Capacity
    KEY MARKET OPPORTUNITIES Growing renewable energy integration, Government incentives for EV adoption, Increasing domestic battery production, Rising consumer demand for sustainability, Expansion of charging infrastructure
    KEY MARKET DYNAMICS growing demand for EVs, government incentives and policies, advancements in battery technology, supply chain challenges, increasing consumer awareness
    COUNTRIES COVERED South Africa

    Market Highlights

    Author
    Sejal Akre
    Senior Research Analyst

    She has over 5 years of rich experience, in market research and consulting providing valuable market insights to client. Hands on expertise in management consulting, and extensive knowledge in domain including ICT, Automotive & Transportation and Aerospace & Defense. She is skilled in Go-to market strategy, industry analysis, market sizing, in depth company profiling, competitive intelligence & benchmarking and value chain amongst others.

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    FAQs

    What is the projected market size of the South Africa Electric Vehicles Battery Market in 2024?

    The South Africa Electric Vehicles Battery Market is expected to be valued at 326.04 million USD in 2024.

    What will be the market value of the South Africa Electric Vehicles Battery Market by 2035?

    By 2035, the market is projected to reach a value of 1,040.0 million USD.

    What is the expected CAGR for the South Africa Electric Vehicles Battery Market from 2025 to 2035?

    The expected CAGR for the South Africa Electric Vehicles Battery Market from 2025 to 2035 is 11.121%.

    Which battery type is expected to dominate the South Africa Electric Vehicles Battery Market?

    The Lithium-Ion battery type is expected to dominate, with a market value of 180.0 million USD in 2024, growing to 600.0 million USD by 2035.

    What is the market size for Solid-State batteries in the South Africa Electric Vehicles Battery Market by 2035?

    The market for Solid-State batteries is projected to grow to 180.0 million USD by 2035.

    Who are the major players in the South Africa Electric Vehicles Battery Market?

    Major players in the market include Northvolt, CATL, EnerSys, BYD, and Tesla, among others.

    What is the market value of Nickel-Metal Hydride batteries in 2024?

    The Nickel-Metal Hydride batteries market is valued at 40.0 million USD in 2024.

    What is the value of the Lead-Acid battery segment in the South Africa Electric Vehicles Battery Market in 2024?

    The Lead-Acid battery segment is valued at 56.04 million USD in 2024.

    What are the primary growth drivers for the South Africa Electric Vehicles Battery Market?

    Key growth drivers include increasing adoption of electric vehicles and technological advancements in battery technology.

    How do current global scenarios impact the South Africa Electric Vehicles Battery Market?

    Current global scenarios and conflicts may influence supply chains and pricing strategies within the South Africa Electric Vehicles Battery Market.

    1. EXECUTIVE
    2. SUMMARY
    3. Market Overview
    4. Key Findings
    5. Market Segmentation
    6. Competitive Landscape
    7. Challenges and Opportunities
    8. Future Outlook
    9. MARKET INTRODUCTION
    10. Definition
    11. Scope of the study
    12. Research Objective
    13. Assumption
    14. Limitations
    15. RESEARCH
    16. METHODOLOGY
    17. Overview
    18. Data
    19. Mining
    20. Secondary Research
    21. Primary
    22. Research
    23. Primary Interviews and Information Gathering
    24. Process
    25. Breakdown of Primary Respondents
    26. Forecasting
    27. Model
    28. Market Size Estimation
    29. Bottom-Up
    30. Approach
    31. Top-Down Approach
    32. Data
    33. Triangulation
    34. Validation
    35. MARKET
    36. DYNAMICS
    37. Overview
    38. Drivers
    39. Restraints
    40. Opportunities
    41. MARKET FACTOR ANALYSIS
    42. Value chain Analysis
    43. Porter's
    44. Five Forces Analysis
    45. Bargaining Power of Suppliers
    46. Bargaining
    47. Power of Buyers
    48. Threat of New Entrants
    49. Threat
    50. of Substitutes
    51. Intensity of Rivalry
    52. COVID-19
    53. Impact Analysis
    54. Market Impact Analysis
    55. Regional
    56. Impact
    57. Opportunity and Threat Analysis
    58. South
    59. Africa Electric Vehicles Battery Market, BY Battery Type (USD Million)
    60. Lithium-Ion
    61. Solid-State
    62. Nickel-Metal
    63. Hydride
    64. Lead-Acid
    65. South
    66. Africa Electric Vehicles Battery Market, BY Electric Vehicle Type (USD Million)
    67. Battery Electric Vehicle
    68. Plug-In
    69. Hybrid Electric Vehicle
    70. Hybrid Electric Vehicle
    71. South
    72. Africa Electric Vehicles Battery Market, BY Application (USD Million)
    73. Automotive
    74. Public
    75. Transport
    76. Two-Wheeler
    77. Energy
    78. Storage System
    79. South Africa
    80. Electric Vehicles Battery Market, BY Capacity (USD Million)
    81. Below
    82. kWh
    83. kWh to 50 kWh
    84. kWh to 100 kWh
    85. Above 100 kWh
    86. Competitive Landscape
    87. Overview
    88. Competitive
    89. Analysis
    90. Market share Analysis
    91. Major
    92. Growth Strategy in the Electric Vehicles Battery Market
    93. Competitive
    94. Benchmarking
    95. Leading Players in Terms of Number of Developments
    96. in the Electric Vehicles Battery Market
    97. Key developments
    98. and growth strategies
    99. New Product Launch/Service Deployment
    100. Merger
    101. & Acquisitions
    102. Joint Ventures
    103. Major
    104. Players Financial Matrix
    105. Sales and Operating Income
    106. Major
    107. Players R&D Expenditure. 2023
    108. Company
    109. Profiles
    110. Northvolt
    111. Financial
    112. Overview
    113. Products Offered
    114. Key
    115. Developments
    116. SWOT Analysis
    117. Key
    118. Strategies
    119. CATL
    120. Financial
    121. Overview
    122. Products Offered
    123. Key
    124. Developments
    125. SWOT Analysis
    126. Key
    127. Strategies
    128. EnerSys
    129. Financial
    130. Overview
    131. Products Offered
    132. Key
    133. Developments
    134. SWOT Analysis
    135. Key
    136. Strategies
    137. BYD
    138. Financial
    139. Overview
    140. Products Offered
    141. Key
    142. Developments
    143. SWOT Analysis
    144. Key
    145. Strategies
    146. A123 Systems
    147. Financial
    148. Overview
    149. Products Offered
    150. Key
    151. Developments
    152. SWOT Analysis
    153. Key
    154. Strategies
    155. Farasis Energy
    156. Financial
    157. Overview
    158. Products Offered
    159. Key
    160. Developments
    161. SWOT Analysis
    162. Key
    163. Strategies
    164. LG Energy Solution
    165. Financial
    166. Overview
    167. Products Offered
    168. Key
    169. Developments
    170. SWOT Analysis
    171. Key
    172. Strategies
    173. SMA Solar Technology
    174. Financial
    175. Overview
    176. Products Offered
    177. Key
    178. Developments
    179. SWOT Analysis
    180. Key
    181. Strategies
    182. SAFT
    183. Financial
    184. Overview
    185. Products Offered
    186. Key
    187. Developments
    188. SWOT Analysis
    189. Key
    190. Strategies
    191. Exide Technologies
    192. Financial
    193. Overview
    194. Products Offered
    195. Key
    196. Developments
    197. SWOT Analysis
    198. Key
    199. Strategies
    200. Samsung SDI
    201. Financial
    202. Overview
    203. Products Offered
    204. Key
    205. Developments
    206. SWOT Analysis
    207. Key
    208. Strategies
    209. Albemarle Corporation
    210. Financial
    211. Overview
    212. Products Offered
    213. Key
    214. Developments
    215. SWOT Analysis
    216. Key
    217. Strategies
    218. Tesla
    219. Financial
    220. Overview
    221. Products Offered
    222. Key
    223. Developments
    224. SWOT Analysis
    225. Key
    226. Strategies
    227. References
    228. Related
    229. Reports
    230. LIST
    231. OF ASSUMPTIONS
    232. South Africa Electric Vehicles Battery
    233. Market SIZE ESTIMATES & FORECAST, BY BATTERY TYPE, 2019-2035 (USD Billions)
    234. South
    235. Africa Electric Vehicles Battery Market SIZE ESTIMATES & FORECAST, BY ELECTRIC
    236. VEHICLE TYPE, 2019-2035 (USD Billions)
    237. South Africa Electric
    238. Vehicles Battery Market SIZE ESTIMATES & FORECAST, BY APPLICATION, 2019-2035
    239. (USD Billions)
    240. South Africa Electric Vehicles Battery
    241. Market SIZE ESTIMATES & FORECAST, BY CAPACITY, 2019-2035 (USD Billions)
    242. PRODUCT
    243. LAUNCH/PRODUCT DEVELOPMENT/APPROVAL
    244. ACQUISITION/PARTNERSHIP
    245. LIST
    246. Of figures
    247. MARKET SYNOPSIS
    248. SOUTH
    249. AFRICA ELECTRIC VEHICLES BATTERY MARKET ANALYSIS BY BATTERY TYPE
    250. SOUTH
    251. AFRICA ELECTRIC VEHICLES BATTERY MARKET ANALYSIS BY ELECTRIC VEHICLE TYPE
    252. SOUTH
    253. AFRICA ELECTRIC VEHICLES BATTERY MARKET ANALYSIS BY APPLICATION
    254. SOUTH
    255. AFRICA ELECTRIC VEHICLES BATTERY MARKET ANALYSIS BY CAPACITY
    256. KEY
    257. BUYING CRITERIA OF ELECTRIC VEHICLES BATTERY MARKET
    258. RESEARCH
    259. PROCESS OF MRFR
    260. DRO ANALYSIS OF ELECTRIC VEHICLES BATTERY
    261. MARKET
    262. DRIVERS IMPACT ANALYSIS: ELECTRIC VEHICLES BATTERY
    263. MARKET
    264. RESTRAINTS IMPACT ANALYSIS: ELECTRIC VEHICLES
    265. BATTERY MARKET
    266. SUPPLY / VALUE CHAIN: ELECTRIC VEHICLES
    267. BATTERY MARKET
    268. ELECTRIC VEHICLES BATTERY MARKET, BY BATTERY
    269. TYPE, 2025 (% SHARE)
    270. ELECTRIC VEHICLES BATTERY MARKET,
    271. BY BATTERY TYPE, 2019 TO 2035 (USD Billions)
    272. ELECTRIC
    273. VEHICLES BATTERY MARKET, BY ELECTRIC VEHICLE TYPE, 2025 (% SHARE)
    274. ELECTRIC
    275. VEHICLES BATTERY MARKET, BY ELECTRIC VEHICLE TYPE, 2019 TO 2035 (USD Billions)
    276. ELECTRIC
    277. VEHICLES BATTERY MARKET, BY APPLICATION, 2025 (% SHARE)
    278. ELECTRIC
    279. VEHICLES BATTERY MARKET, BY APPLICATION, 2019 TO 2035 (USD Billions)
    280. ELECTRIC
    281. VEHICLES BATTERY MARKET, BY CAPACITY, 2025 (% SHARE)
    282. ELECTRIC
    283. VEHICLES BATTERY MARKET, BY CAPACITY, 2019 TO 2035 (USD Billions)
    284. BENCHMARKING
    285. OF MAJOR COMPETITORS

    South Africa Electric Vehicles Battery Market Segmentation

     

     

     

    • Electric Vehicles Battery Market By Battery Type (USD Million, 2019-2035)

      • Lithium-Ion
      • Solid-State
      • Nickel-Metal Hydride
      • Lead-Acid

     

    • Electric Vehicles Battery Market By Electric Vehicle Type (USD Million, 2019-2035)

      • Battery Electric Vehicle
      • Plug-In Hybrid Electric Vehicle
      • Hybrid Electric Vehicle

     

    • Electric Vehicles Battery Market By Application (USD Million, 2019-2035)

      • Automotive
      • Public Transport
      • Two-Wheeler
      • Energy Storage System

     

    • Electric Vehicles Battery Market By Capacity (USD Million, 2019-2035)

      • Below 20 kWh
      • 20 kWh to 50 kWh
      • 51 kWh to 100 kWh
      • Above 100 kWh

     

     

     

     

     

     

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