NiMH Battery Market
Global NiMH Battery Market Size, Share & Trends Analysis Report, by Application (Consumer Electronics, Industrial, Automotive, and Others), and by Category (Eneloop, Nickel Metal Hydride, and Patent Encumbrance Of Large Automotive NiMH Batteries) Forecast Period (2022-2028)
The global NiMH battery market is anticipated to grow at a substantial CAGR of 5.2% during the forecast period. One of the core factors that is fueling the market is its much more eco-friendlier than nickel-Cadmium (Ni-Cd)Batteries. The Ni-Cd batteries contain heavy metal which is hazardous to the environment and is highly toxic to all higher forms of life which is not the case with NiMH batteries. This has pushed the more production of the NiMH batteries in the market as the government, and environmentalists opposed the production of the Ni-Cd batteries to save the environment, and the life of animals near the industry and the workers. For instance, European Union banned the use of Cadmiumin batteries from the region on 31 December 2016.
Impact of COVID-19 Pandemic on Global NiMH Battery Market
COVID-19 pandemic originated in China spread out across the globe and shut down most the nations to restrict the spread of the virus. It has impacted most industries and nations financially including the NiMH battery market. Since China is the prominent manufacturer of battery electrolytes, it impacted the manufacturing, export, and import of the battery across the globe. The lockdown also suffered the end-user industries of the batteries which reduced the demand for the NiMH batteries. However, as the intensity of the pandemic declined, the market normalized and reduced the yearly impact on the market. As per the annual report of Berkshire Hathaway Inc., 2020, its consumers’ products including Duracell batteries increased revenue by 3.0%.
Segmental Outlook
The global NiMH battery market is segmented based on the application and category. Based on the application, the market is segmented into consumer electronics, industrial, automotive, and others. Based on the category, the market is sub-segmented into the Eneloop, nickel-metal hydride, and patent encumbrance of large automotive NiMH batteries. The above-mentioned segments can be customized as per the requirements. Based on application, the automotive segment is projected to grow significantly during the forecast period. Based on category, the patent encumbrance of large automotive NiMH batteries is estimated to grow significantly in the upcoming years.
Global NiMH Battery Market Share by Application, 2021 (%)
The Automotive SegmentAnticipated to Grow Significantly in the Global NiMH Battery Market
Based on application, the automotive segment is estimated to grow significantly during the forecast period owing to the increasing demand for electric vehicles across the globe. In the past few years, the electrification of the automotive industry has been fueled by environmentalists, government bodies, market players, and consumers as well. Rise in the fuel prices, increasing air pollution, cheaper maintenance, and others have caused an impact on the demand for NiMH batteries. For instance, as per the data of the International Energy Agency (IEA) 2020, the sales of EV cars increased by more than 40.0% as compared to the sales of EV cars in 2019.
Regional Outlooks
The global NiMH Battery market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement.Asia-Pacific holds the prominent share in the NiMH battery market, while North America projects significant growth in the region.
Global NiMH Battery Market Growth, by Region 2022-2028
The Asia-Pacific RegionAnticipated to HoldProminent Share in the Global NiMH Battery Market
Based on region, Asia Pacific is projected to hold a prominent share in the market during the forecast period. One of the key factors that are offering such growth is the available resource and demand in the region. China is one of the biggest emerging countries in the globe and is aprominent manufacturer of battery electrolytes, which makes China the biggest market for batteries. China isa global hub for different electronic products which requires a battery and has produced more than 40% of electric vehicle units around the globe as per the data of IEA 2020. India, Japan, South Korea, and other countries are also heavy consumers and producers of NiMH batteries, which anticipates a great growth of the market in the region.
Market Players Outlook
The major companies serving the global NiMH Battery market include Duracell, GE Group, Solarsense UK Ltd., Standard Solar, Inc., SunPower Corp., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in April 2020, Honda Motor Europe extended its partnershipwith Societe Nouvelle d’Affinage des Metaux (SNAM) for recycling end-of-life batteries from electric and hybrid vehicles in Europe. SNAM collects NiMH, and lithium-ion batteries for recycling and processes them accordingly.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global NiMH battery market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global NiMH Battery Market
• Recovery Scenario of Global NiMH Battery Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Duracell
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. GE Group
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. Solarsense UK Ltd.
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.1.4. Standard Solar, Inc.
3.1.4.1. Overview
3.1.4.2. Financial Analysis
3.1.4.3. SWOT Analysis
3.1.4.4. Recent Developments
3.1.5. SunPower Corp.
3.1.5.1. Overview
3.1.5.2. Financial Analysis
3.1.5.3. SWOT Analysis
3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on Key Players
4. Market Segmentation
4.1. Global NiMH Battery Market by Application
4.1.1. Consumer Electronics
4.1.2. Industrial
4.1.3. Automotive
4.1.4. Others
4.2. Global NiMH Battery Market by Category
4.2.1. Eneloop
4.2.2. Nickel Metal Hydride
4.2.3. Patent Encumbrance Of Large Automotive NiMH Batteries
5. Regional Analysis
5.1. North America
5.1.1. US
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Aeg Powertools
6.2. Basf
6.3. Cell-Con
6.4. Duracell
6.5. Energizer
6.6. GP Batteries
6.7. Harding Energy
6.8. Johnson Controls
6.9. Panasonic
6.10. Power-Sonic Corporation
6.11. Rayovac
6.12. Shenzen Nova
6.13. Spectrum Brands
6.14. Supreme Batteries Pvt. Ltd.
6.15. Taurac
6.16. Uniross
1. GLOBAL NIMH BATTERY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
2. GLOBAL NIMH BATTERY FOR CONSUMER ELECTRONICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL NIMH BATTERY FOR INDUSTRIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL NIMH BATTERY FOR AUTOMOTIVE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL NIMH BATTERY FOR OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL NIMH BATTERY MARKET RESEARCH AND ANALYSIS BY CATEGORY, 2021-2028 ($ MILLION)
7. GLOBAL ENELOOP NIMH BATTERY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL NIMH BATTERY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL PATENT ENCUMBRANCE OF LARGE AUTOMOTIVE NIMH BATTERY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL NIMH BATTERY MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
11. NORTH AMERICAN NIMH BATTERY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
12. NORTH AMERICAN NIMH BATTERY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
13. NORTH AMERICAN NIMH BATTERY MARKET RESEARCH AND ANALYSIS BY CATEGORY, 2021-2028 ($ MILLION)
14. EUROPEAN NIMH BATTERY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
15. EUROPEAN NIMH BATTERY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
16. EUROPEAN NIMH BATTERY MARKET RESEARCH AND ANALYSIS BY CATEGORY, 2021-2028 ($ MILLION)
17. ASIA-PACIFIC NIMH BATTERY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
18. ASIA-PACIFIC NIMH BATTERY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
19. ASIA-PACIFIC NIMH BATTERY MARKET RESEARCH AND ANALYSIS BY CATEGORY, 2021-2028 ($ MILLION)
20. REST OF THE WORLD NIMH BATTERY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
21. REST OF THE WORLD NIMH BATTERY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
22. REST OF THE WORLD NIMH BATTERY MARKET RESEARCH AND ANALYSIS BY CATEGORY, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL NIMH BATTERY MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL NIMH BATTERY MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL NIMH BATTERY MARKET, 2022-2028 (%)
4. GLOBAL NIMH BATTERY MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
5. GLOBAL NIMH BATTERY FOR CONSUMER ELECTRONICS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL NIMH BATTERY FOR INDUSTRIAL MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL NIMH BATTERY FOR AUTOMOTIVE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
8. GLOBAL NIMH BATTERY FOR OTHERS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL NIMH BATTERY MARKET SHARE BY CATEGORY, 2021 VS 2028 (%)
10. GLOBAL ENELOOP NIMH BATTERY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL NIMH BATTERY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL PATENT ENCUMBRANCE OF LARGE AUTOMOTIVE NIMH BATTERY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13. GLOBAL NIMH BATTERY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14. US NIMH BATTERY MARKET SIZE, 2021-2028 ($ MILLION)
15. CANADA NIMH BATTERY MARKET SIZE, 2021-2028 ($ MILLION)
16. UK NIMH BATTERY MARKET SIZE, 2021-2028 ($ MILLION)
17. FRANCE NIMH BATTERY MARKET SIZE, 2021-2028 ($ MILLION)
18. GERMANY NIMH BATTERY MARKET SIZE, 2021-2028 ($ MILLION)
19. ITALY NIMH BATTERY MARKET SIZE, 2021-2028 ($ MILLION)
20. SPAIN NIMH BATTERY MARKET SIZE, 2021-2028 ($ MILLION)
21. REST OF EUROPE NIMH BATTERY MARKET SIZE, 2021-2028 ($ MILLION)
22. INDIA NIMH BATTERY MARKET SIZE, 2021-2028 ($ MILLION)
23. CHINA NIMH BATTERY MARKET SIZE, 2021-2028 ($ MILLION)
24. JAPAN NIMH BATTERY MARKET SIZE, 2021-2028 ($ MILLION)
25. SOUTH KOREA NIMH BATTERY MARKET SIZE, 2021-2028 ($ MILLION)
26. REST OF ASIA-PACIFIC NIMH BATTERY MARKET SIZE, 2021-2028 ($ MILLION)
27. REST OF THE WORLD NIMH BATTERY MARKET SIZE, 2021-2028 ($ MILLION)
