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The active components of a rechargeable NiMH battery in the charged state consist of nickel hydroxide (NiOOH) in the positive electrode and a hydrogen storing metal alloy (MH) in the negative electrode as well as an alkaline electrolyte.
The world Nickel Metal Hydride (NiMH) batteries market is currently at a mature stage and its technology offers limited scope for innovation. However, relative to the newer alternative chemistries, NiMH provides a price-efficient solution for many applications, given its lower price per kWh and performance characteristics. Growth opportunities arise mainly from two end-user segments, namely the consumer electronics and industrial segments. On one hand, NIMH batteries are well suited to supply the growing demand for rechargeable batteries employed in toys, cordless phones, vacuum cleaners, and other cordless appliances. On the other hand, the industrial segment is poised to demand NIMH batteries for powering appliances that require rugged batteries such as automotive applications where it is the technology of choice for powering HEVs and where it has accumulated over 10 years of trouble free service and can thus last for the lifetime of the car. NiMH can handle the high power levels typical in EV applications, the active chemicals are inherently safer than Lithium based cells and NiMH batteries don't need the complex battery management systems (BMS) essential with Lithium batteries.
At present, in developed countries, the Ni-MH Battery industry is generally at a more advanced level. The world's large enterprises are mainly concentrated in Japan and China. Meanwhile, foreign companies have more advanced equipment, strong R & D capability, and leading technical level. However, foreign companies’ manufacturing cost is relatively higher, compared with Chinese companies. With the development of Chinese Ni-MH Battery production technology, their share in the international market is increasing, and competitiveness in the international market gradually increases.
China’s Ni-MH Battery industry has developed into a national wide status with certain research and production capacity, industry product mix has gradually improved, currently. China has become a large international production country of Ni-MH Battery, but the production technology is relatively laggard to produce some low-end product. The key product of China Ni-MH Battery market is Small-Sized battery for Consumer Electronics. The Ni-MH Battery for HEV are monopolized by Primearth EV Energy.The future of Ni-MH Battery is dark for the substituted by lithium battery in both consumer electronics application and HEV.
Market Analysis and Insights: Global Ni-MH Battery Market
In 2019, the global Ni-MH Battery market size was US$ 2000.4 million and it is expected to reach US$ 1648 million by the end of 2026, with a CAGR of -2.7% during 2021-2026.
Global Ni-MH Battery Scope and Market Size
Ni-MH Battery market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Ni-MH Battery market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2015-2026.
Segment by Type, the Ni-MH Battery market is segmented into
Small-Sized Ni-MH Battery for Consumer Electronics
Large-Sized Ni-MH Battery for HEV
Segment by Application, the Ni-MH Battery market is segmented into
HEV
Retail market
Cordless phone
Dust collector
Personal care
Lighting tools
Electric tool
Others
Regional and Country-level Analysis:
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Ni-MH Battery market competitive landscape provides details and data information by companies. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2015-2020. Details included are company description, major business, Ni-MH Battery product introduction, recent developments, Ni-MH Battery sales by region, type, application and by sales channel.
The major companies include:
Primearth EV Energy
FDK
GP Batteries International
Highpower International Inc
Corun
Panasonic
Huanyu battery
GS Yuasa
Spectrum Brands (Rayovac)
Lexel Battery (Coslight)
EPT Battery Co., Ltd
Energizer Holdings
Great Power Energy
Suppo
The world Nickel Metal Hydride (NiMH) batteries market is currently at a mature stage and its technology offers limited scope for innovation. However, relative to the newer alternative chemistries, NiMH provides a price-efficient solution for many applications, given its lower price per kWh and performance characteristics. Growth opportunities arise mainly from two end-user segments, namely the consumer electronics and industrial segments. On one hand, NIMH batteries are well suited to supply the growing demand for rechargeable batteries employed in toys, cordless phones, vacuum cleaners, and other cordless appliances. On the other hand, the industrial segment is poised to demand NIMH batteries for powering appliances that require rugged batteries such as automotive applications where it is the technology of choice for powering HEVs and where it has accumulated over 10 years of trouble free service and can thus last for the lifetime of the car. NiMH can handle the high power levels typical in EV applications, the active chemicals are inherently safer than Lithium based cells and NiMH batteries don't need the complex battery management systems (BMS) essential with Lithium batteries.
At present, in developed countries, the Ni-MH Battery industry is generally at a more advanced level. The world's large enterprises are mainly concentrated in Japan and China. Meanwhile, foreign companies have more advanced equipment, strong R & D capability, and leading technical level. However, foreign companies’ manufacturing cost is relatively higher, compared with Chinese companies. With the development of Chinese Ni-MH Battery production technology, their share in the international market is increasing, and competitiveness in the international market gradually increases.
China’s Ni-MH Battery industry has developed into a national wide status with certain research and production capacity, industry product mix has gradually improved, currently. China has become a large international production country of Ni-MH Battery, but the production technology is relatively laggard to produce some low-end product. The key product of China Ni-MH Battery market is Small-Sized battery for Consumer Electronics. The Ni-MH Battery for HEV are monopolized by Primearth EV Energy.The future of Ni-MH Battery is dark for the substituted by lithium battery in both consumer electronics application and HEV.
Market Analysis and Insights: Global Ni-MH Battery Market
In 2019, the global Ni-MH Battery market size was US$ 2000.4 million and it is expected to reach US$ 1648 million by the end of 2026, with a CAGR of -2.7% during 2021-2026.
Global Ni-MH Battery Scope and Market Size
Ni-MH Battery market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Ni-MH Battery market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2015-2026.
Segment by Type, the Ni-MH Battery market is segmented into
Small-Sized Ni-MH Battery for Consumer Electronics
Large-Sized Ni-MH Battery for HEV
Segment by Application, the Ni-MH Battery market is segmented into
HEV
Retail market
Cordless phone
Dust collector
Personal care
Lighting tools
Electric tool
Others
Regional and Country-level Analysis:
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Competitive Landscape
and Ni-MH Battery Market Share AnalysisNi-MH Battery market competitive landscape provides details and data information by companies. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2015-2020. Details included are company description, major business, Ni-MH Battery product introduction, recent developments, Ni-MH Battery sales by region, type, application and by sales channel.
The major companies include:
Primearth EV Energy
FDK
GP Batteries International
Highpower International Inc
Corun
Panasonic
Huanyu battery
GS Yuasa
Spectrum Brands (Rayovac)
Lexel Battery (Coslight)
EPT Battery Co., Ltd
Energizer Holdings
Great Power Energy
Suppo
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
