Global Nickel Metal Hydride Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Nickel Metal Hydride Market Report by The Business Research Company covers nickel metal hydride market drivers and restraints, nickel metal hydride market size, major players, and the impact of COVID-19 on the nickel metal hydride market.
The nickel metal hydride batteries market consists of sales of nickel metal hydride batteries and related products. Nickel metal hydride battery refers to energy storage battery or rechargeable battery in general. These batteries are composed of electrochemical charge/discharge reactions that occur between a positive electrode and a negative electrode and are used in widespread applications especially in high-end portable electronic products.
Nickel metal hydride batteries are increasingly being used in hybrid vehicles. The wide temperature range between -30 °C to + 75 °C and rapid charging capacity made these batteries ideal for the automotive sector.
The global nickel metal hydride market is expected to decline from $1.86 in billion 2020 to $1.85 billion in 2021 at a compound annual growth rate (CAGR) of -0.5%. The decline in the market is mainly due to a halt in the production of nickel metal hydride batteries, supply chain disruptions, and labor shortages caused during the COVID-19 outbreak. The nickel metal hydride batteries market is expected to reach $1.95 billion in 2025 at a CAGR of 1%.
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Some nickel metal hydride market trends include recent developments in NiMH battery manufacturing, which have improved the lifespan of nickel-metal hydride batteries. The electro positivity of the A-elements makes them easy to be corroded in the alkaline electrolyte used in NiMH batteries. A thin protective layer is used on alloy particles to improve reaction kinetics and corrosion stability of conventional NiMH batteries.
Global nickel metal hydride market segments include:
1) By Type: Small-Sized Ni-MH Battery for Consumer Electronics, Large-Sized Ni-MH Battery for HEV.
2) By Application: Automotive, Cordless Phone, Dust Collector, Personal Care, Lighting Tools, Electric Tool.
3) By Sales Channel: OEM, Aftermarket.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Nickel Metal Hydride Global Market Report 2021: COVID-19 Impact And Recovery To 2030 is one of a series of new reports from The Business Research Company that provides nickel metal hydride market overviews, analyzes and forecasts market size, share, nickel metal hydride market players, nickel metal hydride market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The nickel metal hydride market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Nickel Metal Hydride Global Market Report 2021: COVID-19 Impact And Recovery To 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Duracell, Energizer Holdings, Panasonic, Primearth EV Energy, Spectrum Brands, GP Batteries International, Panasonic, Spectrum Brands (Rayovac), Duracell, Aeg Powertools, Cell-Con, Harding Energy, Johnson Controls, BASF, Power-Sonic Corporation, Supreme Batteries Pvt. Ltd., Rayovac, Shenzen Nova, Spectrum Brands, Taurac, Uniross, Tianjin Peace Bay Company, The Shenyang Sanpu Company.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Nickel Metal Hydride Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Nickel Metal Hydride Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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