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The global nickel metal hydride batteries market is expected to grow from $3.13 billion in 2022 to $3.54 billion in 2023 at a compound annual growth rate (CAGR) of 13.0%. The market size of the global nickel metal hydride batteries is expected to grow to $5.59 billion in 2027 at a CAGR of 12.1%.

Nickel metal hydride batteries are increasingly being used in hybrid vehicles.

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Major players in the nickel metal hydride batteries market are Duracell, Energizer Holdings, Panasonic, Primearth EV Energy, Spectrum Brands, GP Batteries International, Panasonic, Spectrum Brands (Rayovac), Duracell, and Aeg Powertools.

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 corrode in the alkaline electrolyte used in NiMH batteries. A thin protective layer is used on alloy particles to improve the reaction kinetics and corrosion stability of conventional NiMH batteries. For instance, Researchers at Stockholm University, a Swedish public university, have developed metal hydride surface structures for NiMH batteries to extend cycle life.

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Global Nickel Metal Hydride Batteries 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. Among these regions, Asia Pacific is the largest region in the global nickel metal hydride batteries market in 2021.

The Nickel Metal Hydride Batteries Global Market Report 2023  provides an overview of the nickel metal hydride batteries market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The nickel metal hydride batteries market forecast analyzes nickel metal hydride batteries market size, nickel metal hydride batteries market share, leading competitor and their market positions.

A nickel metal hydride battery refers to an energy storage battery or rechargeable battery. These batteries are composed of electrochemical charge/discharge reactions that occur between a positive electrode and a negative electrode. They are used in widespread applications, especially in high-end portable electronic products.

The Table Of Content For The Nickel Metal Hydride Batteries Market Include:
1. Nickel Metal Hydride Batteries Market Executive Summary
2. Nickel Metal Hydride Batteries Market Segments
3. Nickel Metal Hydride Batteries Market Size And Nickel Metal Hydride Batteries Market Growth Rate
4. Key Nickel Metal Hydride Batteries Market Trends
5. Major Nickel Metal Hydride Batteries Market Drivers
……
25. Key Mergers And Acquisitions In The Nickel Metal Hydride Batteries Market
26. Top Nickel Metal Hydride Batteries Companies
27. Nickel Metal Hydride Batteries Market Opportunities And Strategies
28. Nickel Metal Hydride Batteries Market, Conclusions And Recommendations
29. Appendix

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