Nickel Metal Hydride (NiMH) Battery Market Size in 2023 To 2028 | 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.

The research report with top-level information is a key benefit that provides qualitative and quantitative factors of the Nickel Metal Hydride (NiMH) Battery market. The Nickel Metal Hydride (NiMH) Battery research report highlights full data on the product portfolio of the main players in the market. Landscape survey is a different highly comprehensive part of the research and analysis study of the global market presented in the report. For the historical and forecast Period for the next five years, it delivers broad and exact country-wise volume evaluation and region-wise market size examination of the global market for NiMH batteries.

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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.

Each aspect that might prove to be essential for making important decisions in the field of NiMH battery technology is underlined along with solutions and references from experts in the battery industry. Certification and study of local and global factors that are and will influence the growth of the market for NiMH batteries. The report allows organizations to make strategic decisions related to battery technology adoption, environmental sustainability, and energy storage, to gain a competitive edge in various applications of NiMH batteries. The company profiling of present market players is included in this report with an analysis of their expertise in NiMH battery technology and their contributions to the energy storage industry.

The report divides the international Nickel Metal Hydride (NiMH) Battery market by application, by region, by type of NiMH batteries, and by end user. Each segment of the market is examined broadly to deliver trustworthy knowledge for investments in NiMH battery technology. The Nickel Metal Hydride (NiMH) Battery research report reveals the current market norms, latest important revolutions of outcomes, and market players in the field of nickel-metal hydride battery technology and applications. Hence, this research report will help the clients and organizations in the global market plan their next steps toward efficient and sustainable energy storage solutions with NiMH batteries. It additionally discusses the market size and growth aspects of different segments. Studying and analyzing the impact of various factors on the NiMH battery industry, the report gives an in-depth analysis and expert suggestions on how to make informed decisions in this specialized field. This market research study presents actionable insights with which businesses, manufacturers, and organizations can develop effective strategies for the Nickel Metal Hydride (NiMH) Battery sector, contributing to improved energy storage and environmental responsibility in various applications.

"NiMH battery market to grow at a steady rate from 2023 to 2028."

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.

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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

This release was published on openPR.