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PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1327330

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PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1327330

Nickel Metal Hydride (NiMH) Battery Market by Battery Type (A, AA, AAA, C, D, 9V), Size, Sales Channel (OEM, Aftermarket), Vertical (Automotive, Consumer Electronics, Healthcare, Industrial, Residential) and Region - Global Forecast to 2028

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The global nickel metal hydride (NiMH) battery market size is expected to grow from USD 2.4 billion in 2023 to USD 2.7 billion by 2028, at a CAGR of 3.1% from 2023 to 2028. NiMH batteries have high energy density, fast charging capability, and enhanced operational safety and reliability. NiMH batteries offer several advantages that make them ideal for portable devices. As the demand for consumer electronics devices continues to grow in the forecast period, the need for NiMH batteries will also continue to grow.

" 9 V segment is projected to grow at an impressive CAGR during the forecast period."

The 9 V NiMH battery provides a nominal voltage of 9 volts. These batteries are normally rectangular and most commonly used in high-drain devices such as music players and digital cameras. In addition, these batteries are also being used in smoke detectors, toys, and microphones. These batteries ensure high capacity, quality, and life span. The shelf life of these batteries is generally multiple years, and in general, their capacity ranges from 190 to 300 mAh. Some companies offering 9 V batteries include Camelion Batterien GmbH (Germany), Tenergy Power (US), and ANSMANN AG (Germany).

"Consumer electronics segment is expected to hold a significant share during the forecast period."

In the consumer electronics segment, NiMH batteries are used in digital cameras, wireless gaming systems, toys, wireless speakers, electric shavers, baby monitors, cordless phones, remote control devices, headphones, etc. In addition, NiMH batteries are also being used for personal care electronics such as toothbrushes, trimmers, etc. These batteries are highly compatible with various consumer electronics devices as they are available in common battery sizes like AA and AAA. Moreover, these batteries are considered safe battery technology for consumer electronics that helps drive the market for NiMH batteries in this industry.

"The market in Europe is expected to grow at steady CAGR during the forecast period."

Europe is one of the leading regions in the NiMH battery market. Germany is one of the prominent markets for the demand for NiMH batteries, owing to a strong and growing healthcare sector. The country is home to several top medical equipment manufacturers and exports a large number of devices across the world. NiMH batteries are one of the most used for medical equipment due to their rechargeability, high-energy density, and long operational life, which are necessary for the equipment to run efficiently. NiMH batteries are also widely used in automotive and consumer electronics industries as they provide robustness, low maintenance, and safety. Hence, the industrial sector in Germany and as well as in the European region will also propel the growth of the NiMH battery market.

Breakdown of the profiles of primary participants:

  • By Company Type: Tier 1 - 35%, Tier 2 - 45%, and Tier 3 - 20%
  • By Designation: C-level Executives - 35%, Directors - 25%, and Others - 40%
  • By Region: North America - 30%, Europe - 25%, Asia Pacific - 40%, and RoW - 5%

Major players profiled in this report are as follows: Energizer Holdings, Inc. (US), Panasonic Holdings Corporation (Japan), Duracell (US), VARTA AG (Germany), FDK Corporation (Japan), BYD Company Limited (China), Primearth EV Energy Co., Ltd. (Japan), GP Batteries International Limited (China) and others.

Research Coverage

In this report, the NiMH battery market has been segmented based on component, battery type, size, sales channel, vertical, and region. Based on components, the market has been segmented into electrodes and electrolytes. Based on battery type, the market has been segmented into A batteries, AA batteries, AAA batteries, C batteries, D batteries, and 9V batteries. The NiMH battery market, based on size, has been segmented into small and large. Based on sales channels, the market has been segmented into OEM and aftermarket. Based on vertical, the market has been segmented into automotive, consumer electronics, healthcare, industrial, commercial, and residential. The study also forecasts the size of the market in four main regions-North America, Europe, Asia Pacific, and RoW.

Key Benefits of Buying the Report:

The report provides insights on the following pointers:

Analysis of key drivers ( Rising demand for portable consumer electronic devices, Rising adoption in critical industries for emergency power backup applications, Growing automotive industry), restraints (High cost of NiMH batteries), opportunities ( Growing adoption of NiMH battery in HEVs, Increasing usage of NiMH battery in medical devices, Growing investment in telecommunication industry) and challenges (Availability of other alternative battery technologies) influencing the growth of the NiMH battery market

Product Development/Innovation: Detailed insights on upcoming products, technologies, research & development activities, industry partnerships, and new product launches in the NiMH battery market

Market Development: Comprehensive information about lucrative markets - the report analyses the NiMH battery market across regions such as North America, Europe, Asia Pacific, Middle East & Africa, and South America.

Market Diversification: Exhaustive information about new products & technologies, untapped geographies, and recent developments in the NiMH battery market

Competitive Assessment: In-depth assessment of market share, growth strategies, and product offerings of leading players like Energizer Holdings, Inc. (US), Panasonic Holdings Corporation (Japan), Duracell (US), VARTA AG (Germany), FDK Corporation (Japan), among others in the NiMH battery market

Strategies: The report also helps stakeholders understand the pulse of the NiMH battery market and provides them with information on key market drivers, restraints, challenges, and opportunities.

Product Code: SE 8739

TABLE OF CONTENTS

1 INTRODUCTION

  • 1.1 STUDY OBJECTIVES
  • 1.2 MARKET DEFINITION
    • 1.2.1 INCLUSIONS AND EXCLUSIONS
  • 1.3 STUDY SCOPE
    • 1.3.1 MARKETS COVERED
    • FIGURE 1 NIMH BATTERY MARKET SEGMENTATION
    • 1.3.2 REGIONAL SCOPE
    • 1.3.3 YEARS CONSIDERED
  • 1.4 CURRENCY CONSIDERED
  • 1.5 LIMITATIONS
  • 1.6 STAKEHOLDERS
  • 1.7 RECESSION IMPACT

2 RESEARCH METHODOLOGY

  • 2.1 RESEARCH APPROACH
    • FIGURE 2 NIMH BATTERY MARKET: RESEARCH DESIGN
    • 2.1.1 SECONDARY AND PRIMARY RESEARCH
    • FIGURE 3 NIMH BATTERY MARKET: RESEARCH APPROACH
    • 2.1.2 SECONDARY DATA
      • 2.1.2.1 List of major secondary sources
      • 2.1.2.2 Key data from secondary sources
    • 2.1.3 PRIMARY DATA
      • 2.1.3.1 Primary interviews with experts
      • 2.1.3.2 Key data from primary sources
      • 2.1.3.3 Key industry insights
      • 2.1.3.4 Breakdown of primaries
  • 2.2 MARKET SIZE ESTIMATION
    • 2.2.1 BOTTOM-UP APPROACH
      • 2.2.1.1 Estimation of market size using bottom-up approach
    • FIGURE 4 NIMH BATTERY MARKET: BOTTOM-UP APPROACH
    • 2.2.2 TOP-DOWN APPROACH
      • 2.2.2.1 Estimation of market size using top-down approach
    • FIGURE 5 NIMH BATTERY MARKET: TOP-DOWN APPROACH
    • FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS
  • 2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
    • FIGURE 7 DATA TRIANGULATION
  • 2.4 RESEARCH ASSUMPTIONS
    • FIGURE 8 ASSUMPTIONS IN RESEARCH
  • 2.5 PARAMETERS CONSIDERED TO UNDERSTAND RECESSION IMPACT ON NIMH BATTERY MARKET
  • 2.6 RISK ASSESSMENT
    • TABLE 1 RISK ASSESSMENT

3 EXECUTIVE SUMMARY

    • FIGURE 9 NIMH BATTERY MARKET SIZE, 2019-2028 (USD MILLION)
    • FIGURE 10 SMALL BATTERIES TO DOMINATE NIMH BATTERY MARKET BETWEEN 2023 AND 2028
    • FIGURE 11 INDIRECT SALES CHANNELS TO CAPTURE LARGER SHARE OF NIMH BATTERY MARKET IN 2028
    • FIGURE 12 CONSUMER ELECTRONICS VERTICAL TO RECORD HIGHEST CAGR IN NIMH BATTERY MARKET FROM 2023 TO 2028
    • FIGURE 13 ASIA PACIFIC TO EXHIBIT HIGHEST CAGR IN NIMH BATTERY MARKET FROM 2023 TO 2028

4 PREMIUM INSIGHTS

  • 4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN NIMH BATTERY MARKET
    • FIGURE 14 GROWING DEMAND FOR CONSUMER ELECTRONICS TO DRIVE MARKET
  • 4.2 NIMH BATTERY MARKET, BY TYPE
    • FIGURE 15 AA BATTERIES TO SECURE LARGEST MARKET SHARE IN 2028
  • 4.3 NIMH BATTERY MARKET, BY VERTICAL
    • FIGURE 16 AUTOMOTIVE & TRANSPORTATION VERTICAL TO CAPTURE LARGEST SHARE OF NIMH BATTERY MARKET IN 2028
  • 4.4 NIMH BATTERY MARKET IN NORTH AMERICA, BY SIZE AND COUNTRY
    • FIGURE 17 SMALL-SIZED BATTERIES AND US TO BE LARGEST SHAREHOLDERS IN NORTH AMERICAN MARKET IN 2028
  • 4.5 NIMH BATTERY MARKET, BY COUNTRY
    • FIGURE 18 INDIA TO EXHIBIT HIGHEST CAGR IN NIMH BATTERY MARKET FROM 2023 TO 2028

5 MARKET OVERVIEW

  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    • FIGURE 19 GLOBAL NIMH BATTERY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
    • 5.2.1 DRIVERS
      • 5.2.1.1 Rising demand for consumer electronics
      • 5.2.1.2 Growing adoption of emergency and security systems across industrial, commercial, and healthcare sectors
      • 5.2.1.3 Booming automotive & transportation sector
    • FIGURE 20 NIMH BATTERY MARKET: IMPACT ANALYSIS OF DRIVERS
    • 5.2.2 RESTRAINTS
      • 5.2.2.1 Higher production costs of NiMH batteries
    • FIGURE 21 NIMH BATTERY MARKET: IMPACT ANALYSIS OF RESTRAINTS
    • 5.2.3 OPPORTUNITIES
      • 5.2.3.1 Growing demand for hybrid electric vehicles
      • 5.2.3.2 Rising adoption of NiMH batteries in medical applications
      • 5.2.3.3 Increasing investments in telecommunications sector
    • FIGURE 22 NIMH BATTERY MARKET: IMPACT ANALYSIS OF OPPORTUNITIES
    • 5.2.4 CHALLENGES
      • 5.2.4.1 Availability of better battery alternatives
    • FIGURE 23 NIMH BATTERY MARKET: IMPACT ANALYSIS OF CHALLENGES
  • 5.3 VALUE CHAIN ANALYSIS
    • FIGURE 24 NIMH BATTERY VALUE CHAIN ANALYSIS
  • 5.4 ECOSYSTEM MAPPING
    • FIGURE 25 ECOSYSTEM ANALYSIS
    • TABLE 2 ROLE OF COMPANIES IN NIMH BATTERY ECOSYSTEM
  • 5.5 PRICING ANALYSIS
    • 5.5.1 AVERAGE SELLING PRICE TREND, BY TYPE
    • TABLE 3 NIMH BATTERIES: AVERAGE SELLING PRICE AND SHIPMENT, BY TYPE
    • FIGURE 26 AVERAGE SELLING PRICE TREND OF NIMH BATTERIES, 2022-2028
    • 5.5.2 AVERAGE SELLING PRICE TREND FOR SMALL-SIZED NIMH BATTERIES, BY KEY PLAYER
    • FIGURE 27 AVERAGE SELLING PRICE OF SMALL-SIZED NIMH BATTERIES OFFERED BY KEY PLAYERS
    • TABLE 4 AVERAGE SELLING PRICE OF NIMH BATTERIES PROVIDED BY MAJOR PLAYERS (USD)
    • 5.5.3 AVERAGE SELLING PRICE TREND, BY REGION
    • TABLE 5 AVERAGE SELLING PRICE OF NIMH BATTERIES, BY REGION (USD)
  • 5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
    • FIGURE 28 REVENUE SHIFT AND NEW REVENUE POCKETS FOR PLAYERS IN NIMH BATTERY MARKET
  • 5.7 TECHNOLOGY ANALYSIS
    • 5.7.1 METAL-AIR BATTERIES
    • 5.7.2 LIQUID-METAL BATTERIES
    • 5.7.3 ZINC-MANGANESE BATTERIES
    • 5.7.4 VANADIUM-FLOW BATTERIES
    • 5.7.5 LITHIUM-SILICON BATTERIES
    • 5.7.6 LITHIUM-COBALT OXIDE BATTERIES
    • 5.7.7 NICKEL-MANGANESE-COBALT BATTERIES
    • 5.7.8 LITHIUM-NICKEL-COBALT-ALUMINUM OXIDE BATTERIES
  • 5.8 PORTER'S FIVE FORCES ANALYSIS
    • TABLE 6 NIMH BATTERY MARKET: PORTER'S FIVE FORCES ANALYSIS, 2022
    • FIGURE 29 NIMH BATTERY MARKET: PORTER'S FIVE FORCES ANALYSIS
    • 5.8.1 BARGAINING POWER OF SUPPLIERS
    • 5.8.2 BARGAINING POWER OF BUYERS
    • 5.8.3 THREAT OF NEW ENTRANTS
    • 5.8.4 THREAT OF SUBSTITUTES
    • 5.8.5 INTENSITY OF COMPETITIVE RIVALRY
  • 5.9 KEY STAKEHOLDERS AND BUYING CRITERIA
    • 5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS
    • FIGURE 30 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 VERTICALS
    • TABLE 7 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 VERTICALS (%)
    • 5.9.2 BUYING CRITERIA
    • FIGURE 31 KEY BUYING CRITERIA FOR TOP 3 VERTICALS
    • TABLE 8 KEY BUYING CRITERIA FOR TOP 3 VERTICALS
  • 5.10 CASE STUDY ANALYSIS
    • TABLE 9 UNIVERSITY OF STOCKHOLM DEVELOPED NIMH BATTERY WITH IMPROVED LIFE CYCLE FOR POWER GRID APPLICATIONS
  • 5.11 TRADE ANALYSIS
    • FIGURE 32 IMPORT DATA FOR NICKEL OXIDES AND HYDROXIDES, BY COUNTRY, 2018-2022 (USD MILLION)
    • FIGURE 33 EXPORT DATA FOR NICKEL OXIDES AND HYDROXIDES, BY COUNTRY, 2018-2022 (USD MILLION)
  • 5.12 PATENT ANALYSIS
    • FIGURE 34 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS
    • TABLE 10 US-BASED TOP 20 PATENT OWNERS IN LAST 10 YEARS
    • FIGURE 35 NUMBER OF PATENTS GRANTED PER YEAR, 2013-2022
    • TABLE 11 NIMH BATTERY MARKET: LIST OF PATENTS, 2021-2023
  • 5.13 KEY CONFERENCES AND EVENTS, 2023-2024
    • TABLE 12 NIMH BATTERY MARKET: LIST OF CONFERENCES AND EVENTS
    • 5.13.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • TABLE 13 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • TABLE 14 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • TABLE 15 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • TABLE 16 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • 5.13.2 REGULATORY STANDARDS
    • TABLE 17 STANDARDS FOR NIMH BATTERY MARKET

6 COMPONENTS OF NIMH BATTERIES

  • 6.1 INTRODUCTION
  • 6.2 ELECTRODES
    • 6.2.1 USE OF ELECTRODES IN NIMH BATTERIES TO FACILITATE ELECTROCHEMICAL REACTIONS
    • 6.2.2 CATHODE
    • 6.2.3 ANODE
  • 6.3 ELECTROLYTES
    • 6.3.1 INTEGRATION OF ELECTROLYTES INTO NIMH BATTERIES TO PROVIDE IONIC CONDUCTIVITY AND CHEMICAL STABILITY

7 NIMH BATTERY MARKET, BY SIZE

  • 7.1 INTRODUCTION
    • FIGURE 36 NIMH BATTERY MARKET, BY SIZE
    • FIGURE 37 SMALL-SIZED NIMH BATTERIES TO DOMINATE MARKET FROM 2023 TO 2028
    • TABLE 18 NIMH BATTERY MARKET, BY SIZE, 2019-2022 (USD MILLION)
    • TABLE 19 NIMH BATTERY MARKET, BY SIZE, 2023-2028 (USD MILLION)
  • 7.2 SMALL
    • 7.2.1 RISING USE OF COMPACT RECHARGEABLE BATTERIES IN CONSUMER ELECTRONICS TO DRIVE SEGMENTAL GROWTH
    • TABLE 20 SMALL: NIMH BATTERY MARKET, BY TYPE, 2019-2022 (USD MILLION)
    • TABLE 21 SMALL: NIMH BATTERY MARKET, BY TYPE, 2023-2028 (USD MILLION)
    • TABLE 22 SMALL: NIMH BATTERY MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 23 SMALL: NIMH BATTERY MARKET, BY REGION, 2023-2028 (USD MILLION)
    • 7.2.2 A
      • 7.2.2.1 Increasing use of A-type batteries in automotive power backup systems and digital cameras to boost segmental growth
    • TABLE 24 A: NIMH BATTERY MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 25 A: NIMH BATTERY MARKET, BY REGION, 2023-2028 (USD MILLION)
    • 7.2.3 AA
      • 7.2.3.1 Rising implementation of AA batteries in low-drain electronic devices to fuel segmental growth
    • TABLE 26 AA: NIMH BATTERY MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 27 AA: NIMH BATTERY MARKET, BY REGION, 2023-2028 (USD MILLION)
    • 7.2.4 AAA
      • 7.2.4.1 Growing deployment of compact batteries in portable medical devices to support market growth
    • TABLE 28 AAA: NIMH BATTERY MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 29 AAA: NIMH BATTERY MARKET, BY REGION, 2023-2028 (USD MILLION)
    • 7.2.5 C
      • 7.2.5.1 Increasing demand for heavy-duty batteries from industrial sector to boost segmental growth
    • TABLE 30 C: NIMH BATTERY MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 31 C: NIMH BATTERY MARKET, BY REGION, 2023-2028 (USD MILLION)
    • 7.2.6 D
      • 7.2.6.1 Growing use of D-type batteries in low- and high-drain commercial and industrial applications to contribute to market growth
    • TABLE 32 D: NIMH BATTERY MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 33 D: NIMH BATTERY MARKET, BY REGION, 2023-2028 (USD MILLION)
    • 7.2.7 9V
      • 7.2.7.1 Increasing use of 9V batteries in high-drain devices to boost segmental growth
    • TABLE 34 9V: NIMH BATTERY MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 35 9V: NIMH BATTERY MARKET, BY REGION, 2023-2028 (USD MILLION)
    • 7.2.8 OTHERS
    • TABLE 36 OTHERS: NIMH BATTERY MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 37 OTHERS: NIMH BATTERY MARKET, BY REGION, 2023-2028 (USD MILLION)
  • 7.3 LARGE
    • 7.3.1 INCREASING ADOPTION OF HYBRID ELECTRIC VEHICLES TO BOOST DEMAND FOR HIGH-CAPACITY BATTERIES
    • TABLE 38 LARGE: NIMH BATTERY MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 39 LARGE: NIMH BATTERY MARKET, BY REGION, 2023-2028 (USD MILLION)

8 NIMH BATTERY MARKET, BY SALES CHANNEL

  • 8.1 INTRODUCTION
    • FIGURE 38 NIMH BATTERY MARKET, BY SALES CHANNEL
    • FIGURE 39 INDIRECT SALES CHANNELS TO CAPTURE LARGER SHARE OF NIMH BATTERY MARKET IN 2028
    • TABLE 40 NIMH BATTERY MARKET, BY SALES CHANNEL, 2019-2022 (USD MILLION)
    • TABLE 41 NIMH BATTERY MARKET, BY SALES CHANNEL, 2023-2028 (USD MILLION)
  • 8.2 DIRECT
    • 8.2.1 CUSTOMER INTENTION TO BUY BATTERIES AT COMPETITIVE PRICES TO BOOST ADOPTION OF DIRECT SALES CHANNEL
    • TABLE 42 DIRECT: NIMH BATTERY MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 43 DIRECT: NIMH BATTERY MARKET, BY REGION, 2023-2028 (USD MILLION)
  • 8.3 INDIRECT
    • 8.3.1 STRONG FOCUS OF BATTERY MANUFACTURERS ON SERVING WIDESPREAD CUSTOMER BASE TO DRIVE SEGMENTAL GROWTH
    • TABLE 44 INDIRECT: NIMH BATTERY MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 45 INDIRECT: NIMH BATTERY MARKET, BY REGION, 2023-2028 (USD MILLION)

9 NIMH BATTERY MARKET, BY VERTICAL

  • 9.1 INTRODUCTION
    • FIGURE 40 NIMH BATTERY MARKET, BY VERTICAL
    • FIGURE 41 CONSUMER ELECTRONICS VERTICAL TO REGISTER HIGHEST CAGR IN NIMH BATTERY MARKET FROM 2023 TO 2028
    • TABLE 46 NIMH BATTERY MARKET, BY VERTICAL, 2019-2022 (USD MILLION)
    • TABLE 47 NIMH BATTERY MARKET, BY VERTICAL, 2023-2028 (USD MILLION)
  • 9.2 AUTOMOTIVE & TRANSPORTATION
    • 9.2.1 HIGH DURABILITY AND SAFETY OF NIMH BATTERIES TO BOOST ADOPTION IN AUTOMOTIVE APPLICATIONS
    • TABLE 48 AUTOMOTIVE & TRANSPORTATION: NIMH BATTERY MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 49 AUTOMOTIVE & TRANSPORTATION: NIMH BATTERY MARKET, BY REGION, 2023-2028 (USD MILLION)
  • 9.3 CONSUMER ELECTRONICS
    • 9.3.1 SIGNIFICANT ADOPTION OF NIMH BATTERIES IN MINIATURE AND PORTABLE CONSUMER ELECTRONICS TO DRIVE MARKET
    • TABLE 50 CONSUMER ELECTRONICS: NIMH BATTERY MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 51 CONSUMER ELECTRONICS: NIMH BATTERY MARKET, BY REGION, 2023-2028 (USD MILLION)
  • 9.4 HEALTHCARE
    • 9.4.1 RELIABLE POWER SOURCE PROVIDED BY NIMH BATTERIES FOR MEDICAL DEVICES TO CONTRIBUTE TO MARKET GROWTH
    • TABLE 52 HEALTHCARE: NIMH BATTERY MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 53 HEALTHCARE: NIMH BATTERY MARKET, BY REGION, 2023-2028 (USD MILLION)
  • 9.5 INDUSTRIAL
    • 9.5.1 INCREASED USE OF INDUSTRIAL EQUIPMENT POWERED BY SAFE AND DURABLE BATTERIES TO SUPPORT MARKET GROWTH
    • TABLE 54 INDUSTRIAL: NIMH BATTERY MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 55 INDUSTRIAL: NIMH BATTERY MARKET, BY REGION, 2023-2028 (USD MILLION)
  • 9.6 COMMERCIAL
    • 9.6.1 HIGH IMPLEMENTATION OF NIMH BATTERIES IN ELEVATORS AND SECURITY SYSTEMS IN COMMERCIAL BUILDINGS TO BOOST SEGMENTAL GROWTH
    • TABLE 56 COMMERCIAL: NIMH BATTERY MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 57 COMMERCIAL: NIMH BATTERY MARKET, BY REGION, 2023-2028 (USD MILLION)
  • 9.7 RESIDENTIAL
    • 9.7.1 RAPID URBANIZATION TO CREATE OPPORTUNITIES FOR NIMH BATTERY PROVIDERS
    • TABLE 58 RESIDENTIAL: NIMH BATTERY MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 59 RESIDENTIAL: NIMH BATTERY MARKET, BY REGION, 2023-2028 (USD MILLION)

10 NIMH BATTERY MARKET, BY REGION

  • 10.1 INTRODUCTION
    • FIGURE 42 NIMH BATTERY MARKET, BY REGION
    • FIGURE 43 INDIA TO BE FASTEST-GROWING COUNTRY IN NIMH BATTERY MARKET DURING FORECAST PERIOD
    • TABLE 60 NIMH BATTERY MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 61 NIMH BATTERY MARKET, BY REGION, 2023-2028 (USD MILLION)
  • 10.2 NORTH AMERICA
    • 10.2.1 IMPACT OF RECESSION ON MARKET IN NORTH AMERICA
    • FIGURE 44 NORTH AMERICA: NIMH BATTERY MARKET SNAPSHOT
    • FIGURE 45 US TO ACCOUNT FOR LARGEST SHARE OF NORTH AMERICAN NIMH BATTERY MARKET IN 2028
    • TABLE 62 NORTH AMERICA: NIMH BATTERY MARKET, BY COUNTRY, 2019-2022 (USD MILLION)
    • TABLE 63 NORTH AMERICA: NIMH BATTERY MARKET, BY COUNTRY, 2023-2028 (USD MILLION)
    • TABLE 64 NORTH AMERICA: NIMH BATTERY MARKET, BY SIZE, 2019-2022 (USD MILLION)
    • TABLE 65 NORTH AMERICA: NIMH BATTERY MARKET, BY SIZE, 2023-2028 (USD MILLION)
    • TABLE 66 NORTH AMERICA: NIMH BATTERY MARKET FOR SMALL BATTERIES, BY TYPE, 2019-2022 (USD MILLION)
    • TABLE 67 NORTH AMERICA: NIMH BATTERY MARKET FOR SMALL BATTERIES, BY TYPE, 2023-2028 (USD MILLION)
    • TABLE 68 NORTH AMERICA: NIMH BATTERY MARKET, BY SALES CHANNEL, 2019-2022 (USD MILLION)
    • TABLE 69 NORTH AMERICA: NIMH BATTERY MARKET, BY SALES CHANNEL, 2023-2028 (USD MILLION)
    • TABLE 70 NORTH AMERICA: NIMH BATTERY MARKET, BY VERTICAL, 2019-2022 (USD MILLION)
    • TABLE 71 NORTH AMERICA: NIMH BATTERY MARKET, BY VERTICAL, 2023-2028 (USD MILLION)
    • 10.2.2 US
      • 10.2.2.1 Investments in advanced battery production to drive market
    • 10.2.3 CANADA
      • 10.2.3.1 Abundance of nickel metal and significant presence of mines to support market growth
    • 10.2.4 MEXICO
      • 10.2.4.1 Rapid infrastructural and industrial developments to create opportunities for NiMH battery providers
  • 10.3 EUROPE
    • 10.3.1 IMPACT OF RECESSION ON MARKET IN EUROPE
    • FIGURE 46 EUROPE: NIMH BATTERY MARKET SNAPSHOT
    • FIGURE 47 GERMANY TO HOLD SECOND-LARGEST SHARE OF EUROPEAN MARKET IN 2028
    • TABLE 72 EUROPE: NIMH BATTERY MARKET, BY COUNTRY, 2019-2022 (USD MILLION)
    • TABLE 73 EUROPE: NIMH BATTERY MARKET, BY COUNTRY, 2023-2028 (USD MILLION)
    • TABLE 74 EUROPE: NIMH BATTERY MARKET, BY SIZE, 2019-2022 (USD MILLION)
    • TABLE 75 EUROPE: NIMH BATTERY MARKET, BY SIZE, 2023-2028 (USD MILLION)
    • TABLE 76 EUROPE: NIMH BATTERY MARKET FOR SMALL BATTERIES, BY TYPE, 2019-2022 (USD MILLION)
    • TABLE 77 EUROPE: NIMH BATTERY MARKET FOR SMALL BATTERIES, BY TYPE, 2023-2028 (USD MILLION)
    • TABLE 78 EUROPE: NIMH BATTERY MARKET, BY SALES CHANNEL, 2019-2022 (USD MILLION)
    • TABLE 79 EUROPE: NIMH BATTERY MARKET, BY SALES CHANNEL, 2023-2028 (USD MILLION)
    • TABLE 80 EUROPE: NIMH BATTERY MARKET, BY VERTICAL, 2019-2022 (USD MILLION)
    • TABLE 81 EUROPE: NIMH BATTERY MARKET, BY VERTICAL, 2023-2028 (USD MILLION)
    • 10.3.2 GERMANY
      • 10.3.2.1 Booming medical devices industry to boost demand for NiMH batteries
    • 10.3.3 UK
      • 10.3.3.1 Road to Zero strategy of government to contribute to market growth
    • 10.3.4 FRANCE
      • 10.3.4.1 Increasing investments in manufacturing electric and hybrid vehicles to fuel market growth
    • 10.3.5 REST OF EUROPE
  • 10.4 ASIA PACIFIC
    • 10.4.1 IMPACT OF RECESSION ON MARKET IN ASIA PACIFIC
    • FIGURE 48 ASIA PACIFIC: NIMH BATTERY MARKET SNAPSHOT
    • FIGURE 49 CHINA TO ACCOUNT FOR LARGEST SHARE OF ASIA PACIFIC NIMH MARKET IN 2028
    • TABLE 82 ASIA PACIFIC: NIMH BATTERY MARKET, BY COUNTRY, 2019-2022 (USD MILLION)
    • TABLE 83 ASIA PACIFIC: NIMH BATTERY MARKET, BY COUNTRY, 2023-2028 (USD MILLION)
    • TABLE 84 ASIA PACIFIC: NIMH BATTERY MARKET, BY SIZE, 2019-2022 (USD MILLION)
    • TABLE 85 ASIA PACIFIC: NIMH BATTERY MARKET, BY SIZE, 2023-2028 (USD MILLION)
    • TABLE 86 ASIA PACIFIC: NIMH BATTERY MARKET FOR SMALL BATTERIES, BY TYPE, 2019-2022 (USD MILLION)
    • TABLE 87 ASIA PACIFIC: NIMH BATTERY MARKET FOR SMALL BATTERIES, BY TYPE, 2023-2028 (USD MILLION)
    • TABLE 88 ASIA PACIFIC: NIMH BATTERY MARKET, BY SALES CHANNEL, 2019-2022 (USD MILLION)
    • TABLE 89 ASIA PACIFIC: NIMH BATTERY MARKET, BY SALES CHANNEL, 2023-2028 (USD MILLION)
    • TABLE 90 ASIA PACIFIC: NIMH BATTERY MARKET, BY VERTICAL, 2019-2022 (USD MILLION)
    • TABLE 91 ASIA PACIFIC: NIMH BATTERY MARKET, BY VERTICAL, 2023-2028 (USD MILLION)
    • 10.4.2 CHINA
      • 10.4.2.1 Thriving medical devices and pharmaceuticals industries to create opportunities for NiMH battery providers
    • 10.4.3 JAPAN
      • 10.4.3.1 Rising demand for NiMH batteries in industrial and commercial applications to drive market
    • 10.4.4 INDIA
      • 10.4.4.1 Supportive HEV policies attracting foreign investors to fuel market growth
    • 10.4.5 REST OF ASIA PACIFIC
  • 10.5 ROW
    • 10.5.1 IMPACT OF RECESSION ON MARKET IN ROW
    • FIGURE 50 SOUTH AMERICA TO DOMINATE NIMH BATTERY MARKET IN ROW FROM 2023 TO 2028
    • TABLE 92 ROW: NIMH BATTERY MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 93 ROW: NIMH BATTERY MARKET, BY REGION, 2023-2028 (USD MILLION)
    • TABLE 94 MIDDLE EAST: NIMH BATTERY MARKET, BY COUNTRY, 2019-2022 (USD MILLION)
    • TABLE 95 MIDDLE EAST: NIMH BATTERY MARKET, BY COUNTRY, 2023-2028 (USD MILLION)
    • TABLE 96 ROW: NIMH BATTERY MARKET, BY SIZE, 2019-2022 (USD MILLION)
    • TABLE 97 ROW: NIMH BATTERY MARKET, BY SIZE, 2023-2028 (USD MILLION)
    • TABLE 98 ROW: NIMH BATTERY MARKET FOR SMALL BATTERIES, BY TYPE, 2019-2022 (USD MILLION)
    • TABLE 99 ROW: NIMH BATTERY MARKET FOR SMALL BATTERIES, BY TYPE, 2023-2028 (USD MILLION)
    • TABLE 100 ROW: NIMH BATTERY MARKET, BY SALES CHANNEL, 2019-2022 (USD MILLION)
    • TABLE 101 ROW: NIMH BATTERY MARKET, BY SALES CHANNEL, 2023-2028 (USD MILLION)
    • TABLE 102 ROW: NIMH BATTERY MARKET, BY VERTICAL, 2019-2022 (USD MILLION)
    • TABLE 103 ROW: NIMH BATTERY MARKET, BY VERTICAL, 2023-2028 (USD MILLION)
    • 10.5.2 MIDDLE EAST
      • 10.5.2.1 Inclination toward adoption of EVs/HEVs to drive market
    • 10.5.3 SOUTH AMERICA
      • 10.5.3.1 Easy availability of raw materials and cheap labor to fuel NiMH battery manufacturing
    • 10.5.4 AFRICA
      • 10.5.4.1 Strong focus on commercial and residential infrastructure development to drive market

11 COMPETITIVE LANDSCAPE

  • 11.1 INTRODUCTION
  • 11.2 KEY PLAYER STRATEGIES
    • TABLE 104 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS
  • 11.3 REVENUE ANALYSIS FOR TOP 5 COMPANIES
    • FIGURE 51 REVENUE ANALYSIS OF TOP 5 MAJOR PLAYERS, 2018-2022
  • 11.4 MARKET SHARE ANALYSIS, 2022
    • TABLE 105 NIMH BATTERY MARKET SHARE ANALYSIS, 2022
    • FIGURE 52 SHARE OF KEY PLAYERS IN NIMH BATTERY MARKET, 2022
  • 11.5 COMPANY EVALUATION MATRIX FOR KEY COMPANIES, 2022
    • 11.5.1 STARS
    • 11.5.2 EMERGING LEADERS
    • 11.5.3 PERVASIVE PLAYERS
    • 11.5.4 PARTICIPANTS
    • FIGURE 53 NIMH BATTERY MARKET: EVALUATION MATRIX FOR KEY COMPANIES, 2022
  • 11.6 COMPANY EVALUATION MATRIX FOR SMES, 2022
    • 11.6.1 PROGRESSIVE COMPANIES
    • 11.6.2 RESPONSIVE COMPANIES
    • 11.6.3 DYNAMIC COMPANIES
    • 11.6.4 STARTING BLOCKS
    • FIGURE 54 NIMH BATTERY MARKET: EVALUATION MATRIX FOR SMES, 2022
  • 11.7 NIMH BATTERY MARKET: COMPANY FOOTPRINT
    • TABLE 106 COMPANY FOOTPRINT
    • TABLE 107 VERTICAL: COMPANY FOOTPRINT
    • TABLE 108 REGION: COMPANY FOOTPRINT
  • 11.8 COMPETITIVE BENCHMARKING
    • TABLE 109 NIMH BATTERY MARKET: LIST OF KEY STARTUPS/SMES
    • TABLE 110 NIMH BATTERY MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
  • 11.9 COMPETITIVE SITUATIONS AND TRENDS
    • 11.9.1 NIMH BATTERY MARKET: PRODUCT LAUNCHES
    • 11.9.2 NIMH BATTERY MARKET: DEALS

12 COMPANY PROFILES

  • (Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))**
  • 12.1 KEY PLAYERS
    • 12.1.1 PANASONIC HOLDINGS CORPORATION
    • TABLE 111 PANASONIC HOLDINGS CORPORATION: COMPANY OVERVIEW
    • FIGURE 55 PANASONIC HOLDINGS CORPORATION: COMPANY SNAPSHOT
    • TABLE 112 PANASONIC HOLDINGS CORPORATION: PRODUCTS OFFERED
    • TABLE 113 PANASONIC HOLDINGS CORPORATION: DEALS
    • 12.1.2 ENERGIZER HOLDINGS, INC.
    • TABLE 114 ENERGIZER HOLDINGS, INC.: COMPANY OVERVIEW
    • FIGURE 56 ENERGIZER HOLDINGS, INC.: COMPANY SNAPSHOT
    • TABLE 115 ENERGIZER HOLDINGS, INC.: PRODUCTS OFFERED
    • 12.1.3 DURACELL INC.
    • TABLE 116 DURACELL INC.: COMPANY OVERVIEW
    • TABLE 117 DURACELL INC.: PRODUCTS OFFERED
    • 12.1.4 VARTA AG
    • TABLE 118 VARTA AG: COMPANY OVERVIEW
    • FIGURE 57 VARTA AG: COMPANY SNAPSHOT
    • TABLE 119 VARTA AG: PRODUCTS OFFERED
    • TABLE 120 VARTA AG: DEALS
    • 12.1.5 FDK CORPORATION
    • TABLE 121 FDK CORPORATION: COMPANY OVERVIEW
    • FIGURE 58 FDK CORPORATION: COMPANY SNAPSHOT
    • TABLE 122 FDK CORPORATION: PRODUCTS OFFERED
    • TABLE 123 FDK CORPORATION: PRODUCT LAUNCHES
    • 12.1.6 ANSMANN AG
    • TABLE 124 ANSMANN AG: BUSINESS OVERVIEW
    • TABLE 125 ANSMANN AG: PRODUCTS OFFERED
    • 12.1.7 BYD COMPANY LIMITED
    • TABLE 126 BYD COMPANY LIMITED: COMPANY OVERVIEW
    • FIGURE 59 BYD COMPANY LIMITED: COMPANY SNAPSHOT
    • TABLE 127 BYD COMPANY LIMITED: PRODUCTS OFFERED
    • TABLE 128 BYD COMPANY LIMITED: DEALS
    • 12.1.8 GP BATTERIES INTERNATIONAL LIMITED
    • TABLE 129 GP BATTERIES INTERNATIONAL LIMITED: COMPANY OVERVIEW
    • TABLE 130 GP BATTERIES INTERNATIONAL LIMITED: PRODUCTS OFFERED
    • 12.1.9 PRIMEARTH EV ENERGY CO., LTD.
    • TABLE 131 PRIMEARTH EV ENERGY CO., LTD.: COMPANY OVERVIEW
    • TABLE 132 PRIMEARTH EV ENERGY CO., LTD.: PRODUCTS OFFERED
    • 12.1.10 SHENZHEN HIGHPOWER TECHNOLOGY CO., LTD.
    • TABLE 133 SHENZHEN HIGHPOWER TECHNOLOGY CO., LTD.: COMPANY OVERVIEW
    • TABLE 134 SHENZHEN HIGHPOWER TECHNOLOGY CO., LTD.: PRODUCTS OFFERED
  • 12.2 OTHER COMPANIES
    • 12.2.1 ARTS ENERGY
    • 12.2.2 CAMELION BATTERIEN GMBH
    • 12.2.3 CORUN USA
    • 12.2.4 HARDING ENERGY, INC.
    • 12.2.5 JAUCH QUARTZ GMBH
    • 12.2.6 NEXCELL BATTERY COMPANY
    • 12.2.7 SHENZHEN EPT BATTERY CO., LTD.
    • 12.2.8 SHENZHEN LEXEL BATTERY CO., LTD.
    • 12.2.9 TENERGY CORPORATION
    • 12.2.10 UNIROSS
  • *Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.

13 ADJACENT AND RELATED MARKETS

  • 13.1 INTRODUCTION
  • 13.2 MICRO BATTERY MARKET: BY REGION
    • 13.2.1 INTRODUCTION
    • TABLE 135 MICRO BATTERY MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 136 MICRO BATTERY MARKET, BY REGION, 2023-2028 (USD MILLION)
    • 13.2.2 NORTH AMERICA
    • TABLE 137 NORTH AMERICA: MICRO BATTERY MARKET, BY COUNTRY, 2019-2022 (USD MILLION)
    • TABLE 138 NORTH AMERICA: MICRO BATTERY MARKET, BY COUNTRY, 2023-2028 (USD MILLION)
      • 13.2.2.1 US
        • 13.2.2.1.1 Rising demand for smart packaging to increase adoption of micro batteries
      • 13.2.2.2 Canada
        • 13.2.2.2.1 Growing use of IoT technology in medical devices industry to boost demand for micro batteries
      • 13.2.2.3 Mexico
        • 13.2.2.3.1 Booming consumer electronics industry to support market growth

14 APPENDIX

  • 14.1 INSIGHTS FROM INDUSTRY EXPERTS
  • 14.2 DISCUSSION GUIDE
  • 14.3 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
  • 14.4 CUSTOMIZATION OPTIONS
  • 14.5 RELATED REPORTS
  • 14.6 AUTHOR DETAILS
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