PUBLISHER: Persistence Market Research | PRODUCT CODE: 1434087
PUBLISHER: Persistence Market Research | PRODUCT CODE: 1434087
Nickel-Metal Hydride Battery Market by Product Type, End-Users, and Geography (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2035
Persistence Market Research has recently released a comprehensive report on the worldwide nickel-metal hydride battery market. Nickel-metal hydride batteries, characterized by electrodes comprising metal hydride and nickel oxide hydroxide, offer enhanced energy density compared to conventional nickel-cadmium batteries, positioning them as environmentally sustainable alternatives. Widely employed in portable electronic devices and hybrid electric vehicles (HEVs), these batteries play a pivotal role in the global shift towards enhanced energy storage solutions.
The global nickel-metal hydride battery market is poised for substantial growth, with projections indicating a steady expansion at a CAGR of 4.5% from 2023 to 2030, translating to a value increase from US$3.2 billion in 2023 to US$4.2 billion by 2030.
- Key Insights
Nickel-Metal Hydride Battery Market size (2023E): US$3.2 billion
Projected Market Value (2030F): US$4.2 billion
Global Market Growth Rate (CAGR 2023 to 2030): 4.5%
Historical Market Growth Rate (CAGR 2018 to 2022): 4.2%
Nickel-Metal Hydride Battery Market- Report Scope
The report provides a thorough analysis of the nickel-metal hydride battery market from 2023 to 2030, including historical data from 2018 to 2022. It covers key regions such as North America, Europe, Asia Pacific, and the Middle East & Africa, along with detailed insights for major countries. Market segments include capacity (small, medium, large), application (electronics, automotive, consumer goods), and region. Profiles of major players like Panasonic, Duracell, and Energizer are included. The report also offers insights into market dynamics, challenges, and strategic growth initiatives. Customization options are available.
Market Growth Drivers for Nickel-Metal Hydride Battery:
Several factors drive the robust growth of the MEMS pressure sensors market. Foremost among these is the escalating demand for pressure monitoring and control across industries, underpinned by the pervasive adoption of smart devices and advancements in Internet of Things (IoT) technology. Additionally, the stringent requirements for precise pressure measurement, particularly in automotive and medical applications, contribute significantly to market growth. MEMS pressure sensors play a pivotal role in enhancing safety, efficiency, and compliance with regulatory standards in these sectors.
- Market Restraints
Despite the market's promising growth prospects, it faces several restraints. Technological constraints, including reduced energy density compared to lithium-ion alternatives and the memory effect inherent in nickel-metal hydride batteries, pose challenges, particularly in electric vehicles. Furthermore, environmental concerns surrounding the production process, which necessitates the use of rare earth metals, present sustainability challenges and supply chain instability, impeding the extensive adoption of nickel-metal hydride batteries.
- Market Opportunities
Opportunities abound within the nickel-metal hydride battery market, especially in segments focused on environmental sustainability and emerging markets for electric vehicles. Integration into renewable energy systems offers prospects for storing surplus energy from renewable sources, addressing the growing need for sustainable energy solutions. Additionally, the adoption of nickel-metal hydride batteries in affordable electric vehicles in developing economies serves as a transitional measure towards wider electric vehicle adoption, further driving market growth.
Key Questions Answered in Report::
- What is the Forecast CAGR of the Nickel-Metal Hydride Battery Market?
- What was the Revenue Size of the Market in 2023?
- Which Country Held the Largest Market Share in the Year 2023?
- Who are the Top Players in the Global Nickel-Metal Hydride Battery Market?
- Which is the Fastest-growing Market Segment Based on Application?
Competitive Intelligence and Business Strategy
Key market players, including Panasonic Corporation, Duracell, Energizer Holdings, GP Batteries International, and Spectrum Brands Holdings, are actively engaged in strategies aimed at enhancing market competitiveness. These strategies encompass mergers, acquisitions, and product innovations, with a strong emphasis on sustainable energy solutions and technological advancements to meet evolving market demands.
- Key Companies Profiled
- Panasonic Corporation
Duracell (a subsidiary of Procter & Gamble)
- Energizer Holdings, Inc.
GP Batteries International Limited
Spectrum Brands Holdings, Inc.
- FDK Corporation
Highpower International, Inc.
- Huanyu Battery Co., Ltd.
Primearth EV Energy Co., Ltd.
- Ansmann AG.
Nickel-Metal Hydride Battery Market Research Segmentation
Segmentation within the nickel-metal hydride battery market offers insights into key market segments and regions driving growth. Segments include capacity, application, and region, providing a comprehensive understanding of market dynamics. Medium-sized batteries dominate the market due to their versatile applications, particularly in portable electronics and hybrid vehicles. Application segments encompass electrical & electronics, automobile, and consumer goods, while regional segmentation covers North America, Europe, East Asia, South Asia & Oceania, Latin America, and the Middle East & Africa, highlighting geographical areas with significant market potential and growth opportunities.
Nickel-Metal Hydride Battery Market Research Segmentation
- By Capacity:
- Small Sized
- Medium Sized
- Large Sized
- By Application:
- Electrical & Electronics
- Automobile
- Consumer Goods
- By Region:
- North America
- Europe
- East Asia
- South Asia & Oceania
- Latin America
- Middle East & Africa
Table of Contents
1. Executive Summary
- 1.1. Global Nickel-Metal Hydride Battery Market Snapshot, 2023 and 2031
- 1.2. Market Opportunity Assessment, 2023 - 2031, US$ Mn
- 1.3. Key Market Trends
- 1.4. Future Market Projections
- 1.5. Premium Market Insights
- 1.6. Industry Developments and Key Market Events
- 1.7. PMR Analysis and Recommendations
2. Market Overview
- 2.1. Market Scope and Definition
- 2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
- 2.3. Capacity Lifecycle Analysis
- 2.4. Nickel-Metal Hydride Battery Market: Value Chain
- 2.4.1. List of Raw Material Supplier
- 2.4.2. List of Manufacturers
- 2.4.3. List of Distributors
- 2.4.4. List of Applications
- 2.4.5. Profitability Analysis
- 2.5. Porter Five Force's Analysis
- 2.6. Geopolitical Tensions: Market Impact
- 2.7. Macro-Economic Factors
- 2.7.1. Global Sectorial Outlook
- 2.7.2. Global GDP Growth Outlook
- 2.7.3. Global Parent Market Overview
- 2.8. Forecast Factors - Relevance and Impact
- 2.9. Regulatory and Capacity Landscape
3. Global Nickel-Metal Hydride Battery Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2031)
- 3.1. Key Highlights
- 3.1.1. Market Volume (Units) Projections
- 3.1.2. Market Size and Y-o-Y Growth
- 3.1.3. Absolute $ Opportunity
- 3.2. Market Size (US$ Mn) Analysis and Forecast
- 3.2.1. Historical Market Size Analysis, 2013-2016
- 3.2.2. Current Market Size Forecast, 2018-2026
- 3.3. Global Nickel-Metal Hydride Battery Market Outlook: Capacity
- 3.3.1. Introduction / Key Findings
- 3.3.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Capacity, 2018 - 2022
- 3.3.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Capacity, 2023 - 2031
- 3.3.3.1. Small Sized
- 3.3.3.2. Medium Sized
- 3.3.3.3. Large Sized
- 3.4. Market Attractiveness Analysis: Capacity
- 3.5. Global Nickel-Metal Hydride Battery Market Outlook: Application
- 3.5.1. Introduction / Key Findings
- 3.5.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Application, 2018 - 2022
- 3.5.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2031
- 3.5.3.1. Electrical & Electronics
- 3.5.3.2. Automobile
- 3.5.3.3. Consumer Goods
- 3.6. Market Attractiveness Analysis: Application
4. Global Nickel-Metal Hydride Battery Market Outlook: Region
- 4.1. Key Highlights
- 4.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Region, 2018 - 2022
- 4.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Region, 2023 - 2031
- 4.3.1. North America
- 4.3.2. Europe
- 4.3.3. East Asia
- 4.3.4. South Asia and Oceania
- 4.3.5. Latin America
- 4.3.6. Middle East & Africa (MEA)
- 4.4. Market Attractiveness Analysis: Region
5. North America Nickel-Metal Hydride Battery Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2031)
- 5.1. Key Highlights
- 5.2. Pricing Analysis
- 5.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 5.3.1. By Country
- 5.3.2. By Capacity
- 5.3.3. By Application
- 5.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2031
- 5.4.1. U.S.
- 5.4.2. Canada
- 5.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Capacity, 2023 - 2031
- 5.5.1. Small Sized
- 5.5.2. Medium Sized
- 5.5.3. Large Sized
- 5.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2031
- 5.6.1. Electrical & Electronics
- 5.6.2. Automobile
- 5.6.3. Consumer Goods
- 5.7. Market Attractiveness Analysis
6. Europe Nickel-Metal Hydride Battery Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2031)
- 6.1. Key Highlights
- 6.2. Pricing Analysis
- 6.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 6.3.1. By Country
- 6.3.2. By Capacity
- 6.3.3. By Application
- 6.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2031
- 6.4.1. Germany
- 6.4.2. France
- 6.4.3. U.K.
- 6.4.4. Italy
- 6.4.5. Spain
- 6.4.6. Russia
- 6.4.7. T rkiye
- 6.4.8. Rest of Europe
- 6.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Capacity, 2023 - 2031
- 6.5.1. Small Sized
- 6.5.2. Medium Sized
- 6.5.3. Large Sized
- 6.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2031
- 6.6.1. Electrical & Electronics
- 6.6.2. Automobile
- 6.6.3. Consumer Goods
- 6.7. Market Attractiveness Analysis
7. East Asia Nickel-Metal Hydride Battery Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2031)
- 7.1. Key Highlights
- 7.2. Pricing Analysis
- 7.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 7.3.1. By Country
- 7.3.2. By Capacity
- 7.3.3. By Application
- 7.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2031
- 7.4.1. China
- 7.4.2. Japan
- 7.4.3. South Korea
- 7.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Capacity, 2023 - 2031
- 7.5.1. Small Sized
- 7.5.2. Medium Sized
- 7.5.3. Large Sized
- 7.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2031
- 7.6.1. Electrical & Electronics
- 7.6.2. Automobile
- 7.6.3. Consumer Goods
- 7.7. Market Attractiveness Analysis
8. South Asia & Oceania Nickel-Metal Hydride Battery Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2031)
- 8.1. Key Highlights
- 8.2. Pricing Analysis
- 8.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 8.3.1. By Country
- 8.3.2. By Capacity
- 8.3.3. By Application
- 8.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2031
- 8.4.1. India
- 8.4.2. Southeast Asia
- 8.4.3. ANZ
- 8.4.4. Rest of South Asia & Oceania
- 8.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Capacity, 2023 - 2031
- 8.5.1. Small Sized
- 8.5.2. Medium Sized
- 8.5.3. Large Sized
- 8.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2031
- 8.6.1. Electrical & Electronics
- 8.6.2. Automobile
- 8.6.3. Consumer Goods
- 8.7. Market Attractiveness Analysis
9. Latin America Nickel-Metal Hydride Battery Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2031)
- 9.1. Key Highlights
- 9.2. Pricing Analysis
- 9.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 9.3.1. By Country
- 9.3.2. By Capacity
- 9.3.3. By Application
- 9.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2031
- 9.4.1. Brazil
- 9.4.2. Mexico
- 9.4.3. Rest of Latin America
- 9.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Capacity, 2023 - 2031
- 9.5.1. Small Sized
- 9.5.2. Medium Sized
- 9.5.3. Large Sized
- 9.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2031
- 9.6.1. Electrical & Electronics
- 9.6.2. Automobile
- 9.6.3. Consumer Goods
- 9.7. Market Attractiveness Analysis
10. Middle East & Africa Nickel-Metal Hydride Battery Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2031)
- 10.1. Key Highlights
- 10.2. Pricing Analysis
- 10.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 10.3.1. By Country
- 10.3.2. By Capacity
- 10.3.3. By Application
- 10.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2031
- 10.4.1. GCC
- 10.4.2. Egypt
- 10.4.3. South Africa
- 10.4.4. Northern Africa
- 10.4.5. Rest of Middle East & Africa
- 10.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Capacity, 2023 - 2031
- 10.5.1. Small Sized
- 10.5.2. Medium Sized
- 10.5.3. Large Sized
- 10.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2031
- 10.6.1. Electrical & Electronics
- 10.6.2. Automobile
- 10.6.3. Consumer Goods
- 10.7. Market Attractiveness Analysis
11. Competition Landscape
- 11.1. Market Share Analysis, 2023
- 11.2. Market Structure
- 11.2.1. Competition Intensity Mapping By Market
- 11.2.2. Competition Dashboard
- 11.2.3. Apparent Product Capacity
- 11.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 11.3.1. Panasonic Corporation.
- 11.3.1.1. Overview
- 11.3.1.2. Segments and Product
- 11.3.1.3. Key Financials
- 11.3.1.4. Market Developments
- 11.3.1.5. Market Strategy
- 11.3.2. Duracell (a subsidiary of Procter & Gamble)
- 11.3.2.1. Overview
- 11.3.2.2. Segments and Product
- 11.3.2.3. Key Financials
- 11.3.2.4. Market Developments
- 11.3.2.5. Market Strategy
- 11.3.3. Energizer Holdings, Inc.
- 11.3.3.1. Overview
- 11.3.3.2. Segments and Product
- 11.3.3.3. Key Financials
- 11.3.3.4. Market Developments
- 11.3.3.5. Market Strategy
- 11.3.4. GP Batteries International Limited
- 11.3.4.1. Overview
- 11.3.4.2. Segments and Product
- 11.3.4.3. Key Financials
- 11.3.4.4. Market Developments
- 11.3.4.5. Market Strategy
- 11.3.5. Spectrum Brands Holdings, Inc.
- 11.3.5.1. Overview
- 11.3.5.2. Segments and Product
- 11.3.5.3. Key Financials
- 11.3.5.4. Market Developments
- 11.3.5.5. Market Strategy
- 11.3.6. FDK Corporation
- 11.3.6.1. Overview
- 11.3.6.2. Segments and Product
- 11.3.6.3. Key Financials
- 11.3.6.4. Market Developments
- 11.3.6.5. Market Strategy
- 11.3.7. Highpower International, Inc.
- 11.3.7.1. Overview
- 11.3.7.2. Segments and Product
- 11.3.7.3. Key Financials
- 11.3.7.4. Market Developments
- 11.3.7.5. Market Strategy
- 11.3.8. Huanyu Battery Co., Ltd.
- 11.3.8.1. Overview
- 11.3.8.2. Segments and Product
- 11.3.8.3. Key Financials
- 11.3.8.4. Market Developments
- 11.3.8.5. Market Strategy
- 11.3.9. Primearth EV Energy Co., Ltd. (PEVE, a joint venture between Toyota and Panasonic)
- 11.3.9.1. Overview
- 11.3.9.2. Segments and Product
- 11.3.9.3. Key Financials
- 11.3.9.4. Market Developments
- 11.3.9.5. Market Strategy
- 11.3.10. Ansmann AG.
- 11.3.10.1. Overview
- 11.3.10.2. Segments and Product
- 11.3.10.3. Key Financials
- 11.3.10.4. Market Developments
- 11.3.10.5. Market Strategy
- 11.3.1. Panasonic Corporation.
12. Appendix
- 12.1. Research Methodology
- 12.2. Research Assumptions
- 12.3. Acronyms and Abbreviations
