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Nickel Metal Hydride Global Market Report 2023 – 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) – Market Size, Trends, And Global Forecast 2023-2032

Starting Price : $4000.00 | Pages : 175 | Published : January 2023 | SKU CODE : 7280 | Delivery Time: 2-3 business days | Format :


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 main types of nickel metal hydride batteries are small-sized Ni-MH batteries for consumer electronics and large-sized Ni-MH batteries for HEV. Small-sized Ni-MH batteries are rechargeable batteries found in laptops, computers, cameras, and mobile phones. The nickel metal hydride batteries are used in automotive, cordless phones, dust collectors, personal care, lighting tools, and electric tool and are distributed through OEM and aftermarket sales channels.

The nickel metal hydride batteries market research report is one of a series of new reports from The Business Research Company that provides nickel metal hydride batteries market statistics, including nickel metal hydride batteries industry global market size, regional shares, competitors with a nickel metal hydride batteries market share, detailed nickel metal hydride batteries market segments, market trends and opportunities, and any further data you may need to thrive in the nickel metal hydride batteries industry. This nickel metal hydride batteries market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The global nickel metal hydride batteries market size will grow from $3.13 billion in 2022 to $3.54 billion in 2023 at a compound annual growth rate (CAGR) of 13.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global nickel metal hydride batteries market size 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. The wide temperature range between -30 °C to + 75 °C and rapid charging capacity made these batteries ideal for the automotive sector. NiMH batteries can handle the high-power levels which are essential for electric vehicles. According to Bloomberg New Energy Finance (BNEF) report, electric vehicle sales are expected to reach 540 million by 2040, which is around 32% of the world’s passenger vehicles. The increasing demand for electric vehicles will positively impact the NiMH battery market.

Regulations introduced by various governments for rechargeable battery manufacturing hindered the growth of the market. The battery manufacturing process generates wastewater and releases pollutants such as cadmium, cobalt, copper, cyanide, iron, lead, manganese, mercury, nickel, and zinc The manufacturers are usually advised unless mandated to reduce the number of hazardous substances released into the environment. For example, the USA Environmental Protection Agency (EPA) formulated the Battery Manufacturing Effluent Guidelines and Standards to regulate such pollutants.

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.

In January 2020, German battery manufacturer VARTA AG acquired US-based Energizer Holdings, Inc.’s subsidiary, VARTA Consumer Batteries, for $401 million. The acquisition will likely strengthen VARTA AG’s battery business and expand its product portfolio. VARTA Consumer Batteries manufactures and markets dry and primary batteries globally. The company was founded in 2002 and is headquartered in Ellwangen, Germany.

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.

Asia-Pacific was the largest region in the nickel metal hydride batteries market in 2022. North America is the second-largest region in the global nickel metal hydride batteries market. The regions covered in the global nickel metal hydride batteries market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The countries covered in the nickel metal hydride batteries market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.

The nickel metal hydride batteries market consists of sales of small-sized Ni-MH batteries for consumer electronics and large-sized Ni-MH batteries for HEV. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The global nickel metal hydride batteries market is segmented -

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

    Table Of Contents

    1. Executive Summary

    2. Nickel Metal Hydride Batteries Market Characteristics

    3. Nickel Metal Hydride Batteries Market Trends And Strategies

    4. Nickel Metal Hydride Batteries Market – Macro Economic Scenario

    4.1 COVID-19 Impact On Nickel Metal Hydride Batteries Market

    4.2 Ukraine-Russia War Impact On Nickel Metal Hydride Batteries Market

    4.3 Impact Of High Inflation On Nickel Metal Hydride Batteries Market

    5. Nickel Metal Hydride Batteries Market Size And Growth

    5.1. Global Nickel Metal Hydride Batteries Historic Market, 2017-2022, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Nickel Metal Hydride Batteries Forecast Market, 2022-2027F, 2032F, $ Billion

    5.2.1. Drivers Of The Market

    5.2.2. Restraints On the Market

    6. Nickel Metal Hydride Batteries Market Segmentation

    6.1. Global Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    Small-Sized Ni-MH Battery for Consumer Electronics

    Large-Sized Ni-MH Battery for HEV

    6.2. Global Nickel Metal Hydride Batteries Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    Automotive

    Cordless Phone

    Dust Collector

    Personal Care

    Lighting Tools

    Electric Tool

    6.3. Global Nickel Metal Hydride Batteries Market, Segmentation By Sales Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    OEM

    Aftermarket

    7. Nickel Metal Hydride Batteries Market Regional And Country Analysis

    7.1. Global Nickel Metal Hydride Batteries Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    7.2. Global Nickel Metal Hydride Batteries Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    8. Asia-Pacific Nickel Metal Hydride Batteries Market

    8.1. Asia-Pacific Nickel Metal Hydride Batteries Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    9. China Nickel Metal Hydride Batteries Market

    9.1. China Nickel Metal Hydride Batteries Market Overview

    9.2. China Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

    10. India Nickel Metal Hydride Batteries Market

    10.1. India Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    11. Japan Nickel Metal Hydride Batteries Market

    11.1. Japan Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    12. Australia Nickel Metal Hydride Batteries Market

    12.1. Australia Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    13. Indonesia Nickel Metal Hydride Batteries Market

    13.1. Indonesia Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    14. South Korea Nickel Metal Hydride Batteries Market

    14.1. South Korea Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    15. Western Europe Nickel Metal Hydride Batteries Market

    15.1. Western Europe Nickel Metal Hydride Batteries Market Overview

    15.2. Western Europe Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    16. UK Nickel Metal Hydride Batteries Market

    16.1. UK Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    17. Germany Nickel Metal Hydride Batteries Market

    17.1. Germany Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    18. France Nickel Metal Hydride Batteries Market

    18.3. France Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    19. Eastern Europe Nickel Metal Hydride Batteries Market

    19.1. Eastern Europe Nickel Metal Hydride Batteries Market Overview

    19.2. Eastern Europe Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    20. Russia Nickel Metal Hydride Batteries Market

    20.1. Russia Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    21. North America Nickel Metal Hydride Batteries Market

    21.1. North America Nickel Metal Hydride Batteries Market Overview

    21.2. North America Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    22. USA Nickel Metal Hydride Batteries Market

    22.1. USA Nickel Metal Hydride Batteries Market Overview

    22.2. USA Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    23. South America Nickel Metal Hydride Batteries Market

    23.1. South America Nickel Metal Hydride Batteries Market Overview

    23.2. South America Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    24. Brazil Nickel Metal Hydride Batteries Market

    24.1. Brazil Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    25. Middle East Nickel Metal Hydride Batteries Market

    25.1. Middle East Nickel Metal Hydride Batteries Market Overview

    25.2. Middle East Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    26. Africa Nickel Metal Hydride Batteries Market

    26.1. Africa Nickel Metal Hydride Batteries Market Overview

    26.2. Africa Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    27. Nickel Metal Hydride Batteries Market Competitive Landscape And Company Profiles

    27.1. Nickel Metal Hydride Batteries Market Competitive Landscape

    27.2. Nickel Metal Hydride Batteries Market Company Profiles

    27.2.1. Duracell

    27.2.1.1. Overview

    27.2.1.2. Products and Services

    27.2.1.3. Strategy

    27.2.1.4. Financial Performance

    27.2.2. Energizer Holdings

    27.2.2.1. Overview

    27.2.2.2. Products and Services

    27.2.2.3. Strategy

    27.2.2.4. Financial Performance

    27.2.3. Panasonic

    27.2.3.1. Overview

    27.2.3.2. Products and Services

    27.2.3.3. Strategy

    27.2.3.4. Financial Performance

    27.2.4. Primearth EV Energy

    27.2.4.1. Overview

    27.2.4.2. Products and Services

    27.2.4.3. Strategy

    27.2.4.4. Financial Performance

    27.2.5. Spectrum Brands

    27.2.5.1. Overview

    27.2.5.2. Products and Services

    27.2.5.3. Strategy

    27.2.5.4. Financial Performance

    28. Key Mergers And Acquisitions In The Nickel Metal Hydride Batteries Market

    29. Nickel Metal Hydride Batteries Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Historic And Forecast Inflation Rates

    30.4. Research Inquiries

    30.5. The Business Research Company

    30.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2017-2022, $ Billion
  • Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
  • Table 3: Global Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 4: Global Nickel Metal Hydride Batteries Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 5: Global Nickel Metal Hydride Batteries Market, Segmentation By Sales Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 6: Global Nickel Metal Hydride Batteries Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 7: Global Nickel Metal Hydride Batteries Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 8: Asia-Pacific, Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 9: China, Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 10: India, Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 11: Japan, Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 12: Australia, Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 13: Indonesia, Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 14: South Korea, Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 15: Western Europe, Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 16: UK, Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 17: Germany, Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 18: France, Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 19: Eastern Europe, Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 20: Russia, Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 21: North America, Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 22: USA, Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 23: South America, Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 24: Brazil, Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 25: Middle East, Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 26: Africa, Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 27: Duracell Financial Performance
  • Table 28: Energizer Holdings Financial Performance
  • Table 29: Panasonic Financial Performance
  • Table 30: Primearth EV Energy Financial Performance
  • Table 31: Spectrum Brands Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2017-2022, $ Billion
  • Figure 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
  • Figure 3: Global Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 4: Global Nickel Metal Hydride Batteries Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 5: Global Nickel Metal Hydride Batteries Market, Segmentation By Sales Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 6: Global Nickel Metal Hydride Batteries Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 7: Global Nickel Metal Hydride Batteries Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 8: Asia-Pacific, Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 9: China, Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 10: India, Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 11: Japan, Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 12: Australia, Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 13: Indonesia, Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 14: South Korea, Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 15: Western Europe, Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 16: UK, Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 17: Germany, Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 18: France, Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 19: Eastern Europe, Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 20: Russia, Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 21: North America, Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 22: USA, Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 23: South America, Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 24: Brazil, Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 25: Middle East, Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 26: Africa, Nickel Metal Hydride Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 27: Duracell Financial Performance
  • Figure 28: Energizer Holdings Financial Performance
  • Figure 29: Panasonic Financial Performance
  • Figure 30: Primearth EV Energy Financial Performance
  • Figure 31: Spectrum Brands Financial Performance
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