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Battery & EV

The Electric Vehicle (EV) and Battery Market is experiencing rapid growth, driven by factors such as environmental concerns, government incentives, and technological advancements. The global EV market size is projected to grow from USD 162.34 billion in 2020 to USD 802.81 billion by 2027, at a compound annual growth rate (CAGR) of 22.6%.

Key drivers behind this growth include increasing adoption of electric vehicles to reduce greenhouse gas emissions, advancements in battery technology leading to improved range and performance, and supportive government policies incentivizing EV adoption and infrastructure development.

In addition to passenger vehicles, the EV market is expanding into other sectors such as commercial fleets, public transportation, and even aviation, further boosting market growth.

To meet the growing demand for EVs, the battery market is also witnessing significant expansion. The global automotive battery market size is estimated to reach USD 94.4 billion by 2027, with lithium-ion batteries dominating due to their high energy density and long lifespan. Battery technology advancements, such as solid-state batteries and fast-charging capabilities, are driving innovation and enhancing the performance of electric vehicles, making them more attractive to consumers.

With the global EV market projected to reach significant milestones and the battery industry experiencing rapid growth, Future Power Expo 2024 provides a prime opportunity for stakeholders to explore the latest innovations, discuss regulatory frameworks, and forge partnerships. Exhibit and showcase your products and services to a targeted audience of industry professionals, government representatives, and investors, positioning themselves at the forefront of the evolving energy landscape in Saudi Arabia and beyond.


At Future Power Expo

  • Witness the latest advancements in electric vehicle technology and battery innovations, including high-performance batteries, fast-charging solutions, and smart energy management systems.
  • Learn about Saudi Arabia's initiatives and policies aimed at promoting electric vehicles and supporting the development of a robust battery infrastructure.
  • Network with industry experts, government officials, and potential business partners, facilitating collaborations and knowledge exchange.
  • View a showcase of sustainable transportation options, emphasizing reduced carbon emissions and environmental sustainability.
  • Gain valuable insights into market trends, consumer preferences, and investment opportunities in the battery and EV sectors and stay ahead of the curve.
  • Set-up meetings with a focused group of individuals seeking tailored solutions to meet their business objectives.

Battery & EV industry in numbers

By 2030, the EV battery market size is projected to reach

$182.4bn

By 2050, electric vehicles could represent a significant portion of all cars sold globally, as high as

60-70%