Global Nickel Metal Hydride Battery Market, By Type (Small-Sized Ni-MH Battery for Consumer Electronics, Large-Sized Ni-MH Battery for HEV), Application (Automotive, Cordless Phone, Dust Collector, Personal Care, Lighting Tools, Electric Tool), Component (Positive Electrode, Negative Electrode, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Nickel Metal Hydride Battery Market
Nickel metal hydride battery market will reach at an estimated value of USD 591.40 million and grow at a CAGR of 2.40% in the forecast period of 2021 to 2028. Rising production of commercial and passenger vehicles increasingly uses Ni-MH batteries in their vehicles such as HEVs and PHEVs which acts as an essential factor driving the nickel metal hydride battery market.
A nickel metal hydride battery is a defined as a type of rechargeable battery. A nickel metal hydride battery battery can simply have two to three times the capacity of an equivalent size NiCd, and also its energy density can approach that of a lithium-ion battery. Moreover, the chemical reaction at the positive electrode is similar to that of the nickel–cadmium cell (NiCd), with both using nickel oxide hydroxide (NiOOH). The negative electrodes use a hydrogen-absorbing alloy instead of cadmium. These batteries are made of standardized cylindrical forms, that are interchangeable with nickel-cadmium batteries and are made with the reaction between cadmium and nickel.
Rise in the demand for electricity, especially in the electronics sector is a crucial factor accelerating the market growth, also rising use of the battery in numerous ned-user industries, rising number of research and development initiatives by manufacturers for the improvements in batteries and rising adoption of consumer electronics are the major factors among others boosting the nickel metal hydride battery market. Moreover, significant rise in demand for electric vehicles and increasing need for high-performance batteries in energy storage applications will further create new opportunities for nickel metal hydride battery market in the forecast period mentioned above.
However, the nickel-metal hydride battery market is capital intensive which acts as the vital factor among others restraining the market growth, and will further challenge the nickel metal hydride battery market in the forecast period mentioned above.
This nickel metal hydride battery market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on nickel metal hydride battery market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Nickel Metal Hydride Battery Market Scope and Market Size
Nickel metal hydride battery market is segmented on the basis of type, application and component. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, nickel metal hydride battery market is segmented into small-sized Ni-MH battery for consumer electronics and large-sized Ni-MH battery for HEV.
- Based on application, the nickel metal hydride battery market is segmented into automotive, cordless phone, dust collector, personal care, lighting tools and electric tool.
- The nickel metal hydride battery market is also segmented on the basis of component into positive electrode, negative electrode and others.
Nickel Metal Hydride Battery Market Scope Country Level Analysis
Nickel metal hydride battery market is analysed and market size, volume information is provided by country, type, application and component as referenced above.
The countries covered in the nickel metal hydride battery market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the nickel metal hydride battery market due to rising use of the battery in numerous ned-user industries, rising number of research and development initiatives by manufacturers for the improvements in batteries and rising adoption of consumer electronics in this region.
The country section of the nickel metal hydride battery market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Nickel Metal Hydride Battery Market Share Analysis
Nickel metal hydride battery market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to nickel metal hydride battery market.
The major players covered in nickel metal hydride battery market report are Duracell Inc, Energizer Holdings, Inc, Panasonic India, Primearth EV Energy Co., Ltd, Spectrum Brands, Inc, GPB International Limited, Panasonic India, ENERGIZER., Duracell Inc, AEG, Harding Energy INC., Cell-Con, BASF SE, Johnson Controls., Supreme Batteries Pvt. Ltd, ENERGIZER, Spectrum Brands, Inc, Taurac, Uniross, Tianjin Peace Bay Telecom Battery Co Ltd and Shenyang Sanpu precision casting Co. Ltd.among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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