Middle East and Africa (MEA) Advanced Energy Storage Market (2019-2025) | Size, Forecast, Revenue, Analysis, Outlook, Companies, Industry, Growth, Value, Trends & Share

The Middle East region has diversified its economy from the oil sector towards renewable energy sources. UAE aims to produce nearly half of its electricity through renewables by 2050. To ensure its sustainable energy goals, the country's government aims to have intermittency of renewable energy supply as well as viable storage solutions. The Middle East and Africa advanced energy storage market is growing rapidly primarily due to the expansion of renewable energy resources, upgrading utility grid networks as well as rising energy demand costs. The demand for batteries has increased in the Middle East as a preferred energy storage solution primarily due to technological innovation and the reduction in battery costs.

According to 6Wresearch, the Middle East, and Africa (MEA) Advance Energy Storage Market size has tremendous growth prospects during the forecast period 2019-2025. Countries are taking several initiatives to develop their advanced energy storage systems network. For instance, Dubai has installed a huge battery energy storage facility at Mohammed bin Rashid Al Maktoum solar park in 2018. Further, The Al Badiya plant at Al-Mafraq in Jordan was the region's first solar power plant combined with a storage facility. The plant joins a 23 megawatt (MW) solar farm with a 12.6 MWh storage capacity using lithium-ion batteries. In February 2019, Abu Dhabi has installed a major virtual battery plant with a storage capacity of 648 MWh to maintain demand on the grid and prepare for an outage.

On the basis of application, the power utility segment accounted for major demand for advanced energy storage in the region on the back of surging power utility projects in the region. In terms of technology, lithium-ion batteries are in huge demand in the Middle East and Africa advanced energy storage market.

The Middle East and Africa advance energy storage market report thoroughly cover the market by technology, applications, and countries. The Middle East and Africa advance energy storage market outlook report provides an unbiased and detailed analysis of the ongoing Middle East and Africa advance energy storage market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Key Highlights of the Report:

• The Middle East and Africa Advanced Energy Storage Market Overview
• The Middle East and Africa Advanced Energy Storage Market Outlook
• The Middle East and Africa Advanced Energy Storage Market Forecast
• Historical Data of the Middle East and Africa Advanced Energy Storage Market Revenues for the Period 2015-2018
• The Middle East and Africa Advanced Energy Storage Market Size and the Middle East and Africa Advanced Energy Storage Market Forecast of Revenues, Until 2025
• Historical Data of the Middle East and Africa Advanced Energy Storage Market Revenues, By Technology, for the Period 2015-2018
• Market Size & Forecast of the Middle East and Africa Advanced Energy Storage Market Revenues, By Technology, Until 2025
• Historical Data of the Middle East and Africa Advanced Energy Storage Market Revenues, By Applications, for the Period 2015-2018
• Market Size & Forecast of the Middle East and Africa Advanced Energy Storage Market Revenues, By Applications, Until 2025
• Historical Data of UAE Advance Energy Storage Market Revenues, for the Period 2015-2018
• Market Size & Forecast of UAE Advance Energy Storage Market Revenues, Until 2025
• Historical Data of Saudi Arabia Advance Energy Storage Market Revenues, for the Period 2015-2018
• Market Size & Forecast of Saudi Arabia Advance Energy Storage Market Revenues, Until 2025
• Historical Data of Turkey Advance Energy Storage Market Revenues, for the Period 2015-2018
• Market Size & Forecast of Turkey Advance Energy Storage Market Revenues, Until 2025
• Historical Data of Kuwait Advanced Energy Storage Market Revenues, for the Period 2015-2018
• Market Size & Forecast of Kuwait Advanced Energy Storage Market Revenues, Until 2025
• Historical Data of Qatar Advance Energy Storage Market Revenues, for the Period 2015-2018
• Market Size & Forecast of Qatar Advance Energy Storage Market Revenues, Until 2025
• Historical Data of Oman Advance Energy Storage Market Revenues, for the Period 2015-2018
• Market Size & Forecast of Oman Advance Energy Storage Market Revenues, Until 2025
• Historical Data of Bahrain Advanced Energy Storage Market Revenues, for the Period 2015-2018
• Market Size & Forecast of Bahrain Advanced Energy Storage Market Revenues, Until 2025
• Historical Data of South Africa Advance Energy Storage Market Revenues, for the Period 2015-2018
• Market Size & Forecast of South Africa Advance Energy Storage Market Revenues, Until 2025
• Historical Data of Egypt Advance Energy Storage Market Revenues, for the Period 2015-2018
• Market Size & Forecast of Egypt Advance Energy Storage Market Revenues, Until 2025
• Historical Data of Nigeria Advance Energy Storage Market Revenues, for the Period 2015-2018
• Market Size & Forecast of Nigeria Advance Energy Storage Market Revenues, Until 2025
• Market Drivers and Restraints
• The Middle East and Africa Advanced Energy Storage Market Price Trends
• The Middle East and Africa Advanced Energy Storage Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• The Middle East and Africa Advanced Energy Storage Market Share, By Countries
• The Middle East and Africa Advanced Energy Storage Market Share, By Players
• The Middle East and Africa Advanced Energy Storage Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The MEA advance energy storage market research report provides a detailed analysis of the following market segments:

By Technology:

• Electro-Chemical
• Thermal
• Mechanical
• Others

By Applications:

• Residential
• Transportation
• Commercial and Industrial
• Power utilities

By Countries:

• UAE
• Saudi Arabia
• Turkey
• Kuwait
• Qatar
• Oman
• Bahrain
• South Africa
• Egypt
• Nigeria
• Rest of the Region