Electrical And Electronics Manufacturing

Global Nickel Metal Hydride Market Size, Forecasts, And Opportunities

December 14, 2021 by The Business Research Company

Learn about the global nickel metal hydride market through The Business Research Company, which provides information on nickel metal hydride market size, nickel metal hydride market drivers and restraints, nickel metal hydride market players, the COVID-19 impact on the nickel metal hydride market, and more.

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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 labour 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%.

Usage of nickel metal hydride batteries in hybrid vehicles is expected to drive innovation in nickel metal hydride manufacturing, thus driving the market during the forecast period.

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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.

Global nickel metal hydride market segments include:

By Type: Small-Sized Ni-MH Battery for Consumer Electronics, Large-Sized Ni-MH Battery for HEV

By Application: Automotive, Cordless Phone, Dust Collector, Personal Care, Lighting Tools, Electric Tool

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.

Recent developments in NiMH battery manufacturing 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.

TBRC’s nickel metal hydride market report covers:

Major Market Players: Duracell, Energizer Holdings, Panasonic, Primearth EV Energy, Spectrum Brands, GP Batteries International, Panasonic, Spectrum Brands (Rayovac), and Duracell, Aeg Powertools.

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)

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, leading competitor revenues, profiles and market shares.

TBRC’s 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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