PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1378538
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1378538
Nickel Metal Hydride Battery Market, By Product Type, By Application, By End user Industry, By Geography
The Nickel Metal Hydride Battery Market size is expected to reach US$ 4.01 billion by 2030, from US$ 2.93 billion in 2023, at a CAGR of 4.6% during the forecast period.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2022 | Market Size in 2023: | US$ 2.93 Bn |
| Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 - 2030 |
| Forecast Period 2023 to 2030 CAGR: | 4.60% | 2030 Value Projection: | US$ 4.01 Bn |
Nickel Metal Hydride (NiMH) batteries have gained significant popularity in recent years as a power source for various applications. These rechargeable batteries are known for their high energy density, long cycle life, and environmental friendliness. NiMH batteries offer an alternative to traditional lead-acid batteries and have found extensive use in portable electronic devices, hybrid vehicles, and renewable energy storage systems.
The global market for Nickel Metal Hydride Battery is witnessing steady growth due to the rising demand for portable electronic devices and the increasing adoption of electric vehicles. In addition, the growing focus on renewable energy sources and the need for efficient energy storage systems are driving the market further.
Market Dynamics:
The Nickel Metal Hydride Battery market is driven by several factors. Firstly, the increasing demand for portable electronic devices, such as smartphones, tablets, and laptops, is fueling the growth of the market. The superior energy density and long cycle life of NiMH batteries make them ideal for use in these devices.
Secondly, the adoption of electric vehicles (EVs) is on the rise globally, driving the demand for NiMH batteries. These batteries offer advantages such as higher energy density, longer range, and faster charging compared to conventional lead-acid batteries. The push towards sustainable transportation and government initiatives promoting the use of EVs are contributing to the market growth.
However, the market is not without its restraints. One major challenge faced by the NiMH battery market is the competition from lithium-ion batteries. Lithium-ion batteries offer higher energy density and longer life, making them a preferred choice for certain applications. As a result, the market for NiMH batteries faces stiff competition from lithium-ion batteries, particularly in the portable electronics segment.
Despite the challenges, the NiMH battery market presents several opportunities for growth. The increasing focus on renewable energy sources and the need for efficient energy storage systems create immense potential for NiMH batteries in the renewable energy sector. Additionally, advancements in battery technology and manufacturing processes are leading to improvements in the performance and cost-effectiveness of NiMH batteries, making them more attractive to end-users.
Key Features of the Study:
- This report provides an in-depth analysis of the global Nickel Metal Hydride Battery market, including market size and compound annual growth rate for the forecast period (2023-2030).
- It explores potential revenue opportunities across different segments and presents attractive investment proposition matrices for the market.
- The study offers key insights into market drivers, restraints, opportunities, market trends, regional outlook, and competitive strategies adopted by key players in the market.
- Key players in the market, such as Panasonic, Primearth EV Energy, FDK, and others, are profiled based on company highlights, product portfolios, financial performance, and strategies.
- The report caters to various stakeholders in the industry, including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
- Decision-makers can benefit from the insights provided in this report to make informed decisions regarding product launches, market expansion, and marketing tactics.
- Various strategy matrices used in analyzing the global Nickel Metal Hydride Battery market will aid stakeholders in decision-making processes.
Nickel Metal Hydride Battery Market Segmentation
- By Product Type
- Small-Sized Ni-MH Battery
- Large-Sized Ni-MH Battery
- Other Product Types
- By Application
- HEV
- Retail market
- Cordless phone
- Dust collector
- Personal care
- Lighting tools
- Others
- By End user Industry
- Automotive Industry
- Consumer Electronics
- Industrial
- Others
- By Sales Channel
- OEM
- Aftermarket
- Top companies in Nickel Metal Hydride Battery Market
- Panasonic
- Primearth EV Energy
- FDK
- GP Batteries
- Corun
- Huanyu battery
- GS Yuasa
- Spectrum Brands (Rayovac)
- Lexel Battery (Coslight)
- EPT Battery
- Energizer Holdings
- Great Power Energy
- Suppo
- Duracell
- Cell-Con
- Highpower International
- Maxell
- Nanfu
- PKCELL
- EVE Energy
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Nickel Metal Hydride Battery, By Product Type
- Market Nickel Metal Hydride Battery, By Application
- Market Nickel Metal Hydride Battery, By End user Industry
- Market Nickel Metal Hydride Battery, By Sales Channel
- Market Nickel Metal Hydride Battery, By REgion
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Surging demand for electric vehicles
- Restraints
- High production cost
- Opportunities
- Growing adoption in renewable energy storage
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product launch/Approvals
- PEST Analysis
- PORTER's Analysis
- Merger and Acquisition Scenario
4. Nickel Metal Hydride Battery Market - Impact of Coronavirus (COVID-19) Pandemic
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
- Economic Impact
5. Nickel Metal Hydride Battery Market , By Product Type, 2023-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
- Small-Sized Ni-MH Battery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
- Large-Sized Ni-MH Battery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
- Other Product Types
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
6. Nickel Metal Hydride Battery Market , By Application, 2023-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018- 2030
- Segment Trends
- HEV
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Billion)
- Retail market
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Billion)
- Cordless phone
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Billion)
- Dust collector
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Billion)
- Personal care
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Billion)
- Lighting tools
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Billion)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Billion)
7. Nickel Metal Hydride Battery Market , By End user Industry, 2023-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018- 2030
- Segment Trends
- Automotive Industry
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Billion)
- Consumer Electronics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Billion)
- Industrial
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Billion)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Billion)
8. Nickel Metal Hydride Battery Market , By Sales Channel, 2023-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018- 2030
- Segment Trends
- OEM
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Billion)
- Aftermarket
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Billion)
9. Nickel Metal Hydride Battery Market , By Region, 2023-2030, (US$ Bn)
- Introduction
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, For Country 2018-2030
- Country Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End user Industry, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Sales Channel, 2023-2030,(US$ Bn)
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End user Industry, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Sales Channel, 2023-2030,(US$ Bn)
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End user Industry, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Sales Channel, 2023-2030,(US$ Bn)
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End user Industry, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Sales Channel, 2023-2030,(US$ Bn)
- Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End user Industry, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Sales Channel, 2023-2030,(US$ Bn)
10. Competitive Landscape
- Panasonic
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Primearth EV Energy
- FDK
- GP Batteries
- Corun
- Huanyu battery
- GS Yuasa
- Spectrum Brands (Rayovac)
- Lexel Battery (Coslight)
- EPT Battery
- Energizer Holdings
- Great Power Energy
- Suppo
- Duracell
- Cell-Con
- Highpower International
- Maxell
- Nanfu
- PKCELL
- EVE Energy
- Analyst Views
11. Section
- Research Methodology
- About us
