Namibia Battery Market 2022-2030

NAMIBIA BATTERY MARKET

INTRODUCTION

 Batteries are made up of one or more cells, each of which produces a flow of electrons in a circuit as a result of chemical reactions.

An anode (the "-" side), a cathode (the "+" side), and some type of electrolyte are the three main parts of any battery (a substance that chemically reacts with the anode and cathode).

A chemical reaction occurs between the anode and the electrolyte when a battery's cathode and anode are linked to a circuit.

As a result of this reaction, electrons move back into the cathode and undergo a second chemical reaction.

The battery is unable to generate power when the cathode or anode material has been used up or is no longer usable in the reaction.

NAMIBIA BATTERY MARKET SIZE AND FORECAST

The Namibia Battery Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2022 to 2030.

MARKET DYNAMICS

The government-owned electric utility company in Namibia has received a grant  for the creation of the continent's first grid-scale battery storage facility.

According to Namibia Power Corporation (NamPower), the investment was made possible by Germany's KfW development bank thanks to a bilateral cooperation agreement between the federal German government and the Republic of Namibia.

It will be used to build the Omburu substation's 58MW/72MWh battery energy storage system (BESS) in Namibia's western Erongo area.

Peak load shifting, energy arbitrage, emergency backup power provision, ramp-rate control of power plants, and reactive power control are just a few of the applications it will carry out for NamPower.

 NamPower will pay for local charges and taxes, as well as transmission connectivity, which are not covered by the grant financing.

By storing both locally produced renewable energy and electricity imported from the Southern African Power Pool (SAPP), which can charge the battery at less expensive off-peak times and then discharge the energy during peak times, the Omburu BESS will aid in the growth of renewable energy in the area.

Additionally, this would reduce the need for electricity from Namibia's sole coal-fired power plant, the 120 MW Van Eck Power Station, which the utility noted is now outdated due to its construction .

COMPANY PROFILE

• Samsung SDI Co., Ltd.
  
• Toshiba Corporation
  
• LG Chem Ltd.
  
• Saft
  
• Sony Corporation
  
• Eveready Industries 

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. What is the average cost perNamibia Battery Marketright now and how will it change in the next 5-6 years?
2. Average cost to set up aNamibia Battery Marketin the US, Europe and China?
3. How manyNamibia Battery Marketare manufactured per annum globally? Who are the sub-component suppliers in different regions?
4. What is happening in the overall public, globally?
5. Cost breakup of aNamibia Battery Marketand key vendor selection criteria
6. Where is theNamibia Battery Market manufactured? What is the average margin per equipment?
7. Market share ofNamibia Battery Marketmanufacturers and their upcoming products
8. The most important plannedNamibia Battery Marketin next 2 years
9. Details on network of majorNamibia Battery Marketand pricing plans
10. Cost advantage for OEMs who manufactureNamibia Battery Marketin-house
11. 5 key predictions for next 5 years inNamibia Battery Market
12. Average B-2-BNamibia Battery Marketprice in all segments
13. Latest trends inNamibia Battery Market, by every market segment
14. The market size (both volume and value) ofNamibia Battery Marketin 2022-2030 and every year in between?
15. Global production breakup ofNamibia Battery Market, by suppliers and their OEM relationship