"Actionable Insights to Fuel Your Growth"

Nickel-Metal Hydride Battery Market Size, Share & Industry Analysis, By Application ( Electric Vehicle, Power Tools, Electronic Goods, Others ) and regional forecast 2021-2028

Region : Global | Report ID: FBI103981 | Status : Ongoing

 

KEY MARKET INSIGHTS

Nickel has been widely used in batteries, most commonly in nickel-cadmium (NiCd) and in the high energy density nickel-metal hydride (Ni-MH) rechargeable batteries, which came into force in the 1980s. Their adoption in power tools and digital cameras unveiled the potential for portable devices. Nickel-metal hydride batteries are an extension of the proven sealed nickel-cadmium battery technology with the substitution of a hydrogen-absorbing negative electrode for the cadmium-based electrode. The substitution increases the battery’s electrical capacity for a given weight and volume and eliminates the cadmium, which raises toxicity concerns. The true advantage of NiMH batteries can be found in the cycle life (reuse after recharging). It also possesses approximately twice the capacity of conventional Ni-Cd rechargeable battery. The growing consumption of electronic goods and rising uptake of electric vehicles prove to be beneficial for the Ni-MH market.


The nickel-metal hydride battery market is segmented into application and region. Ni-MH has become one of the most readily available rechargeable batteries for consumer use. Battery manufacturers have recognized the need for a high-density battery and offer NiMH in AA, AAA, and other sizes. Batteries for the electric powertrain make use of this modification to achieve the needed robustness and long life span. The growing consumption of electronic goods such as audio players, personal care equipment, power tools, and in recent times rising demand for electric vehicles brighten the market prospects.


Nickel-metal hydride battery possesses high energy density and can be charged rapidly by using specially designed charge control system. These features are very useful in portable electronic devices. The exponential consumption of electronic goods and strong supporting policies to expand electric vehicle fleets across the world set to bolster the growth of the Ni-MH battery market.


Limited service life of the battery due to self deep discharge and highly capital intensive set to hinder the growth of the market. The performance of the battery deteriorated if stored at an elevated temperature set to restraint the adoption of the battery in heavy applications.


Key Market Driver -

Massive demand for electric vehicles and electronic goods

Key Market Restraint -

Highly capital intensive and limited service life


Key Players Covered:



  • Some of the leading nickel-metal hydride battery manufacturers are Panasonic, Duracell Inc., Energizer, Primearth EV Energy Co., NEXcell Battery Company, GS Yuasa International Ltd., Uniross, FDK Corporation, Varta AG, and Saft.


Regional Analysis:


The global nickel-metal hydride battery market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America proves to offer healthy growth owing to the rising demand for hybrid and electric vehicles. Also, the massive consumption of mobile phones, audio players, laptops, and other electronic goods likely to provide impetus to the market. European countries are rolling out policies to support the use of electric vehicles for public transportation and personal use to arrest carbon emissions. Asia Pacific is emerging as a potential player on account of extensive demand for an electric vehicle in China.


Moreover, India and China account for a considerable share in the consumption of electronic goods, which bode the market. In the Middle East & Arica, the scarcity of resources and dependency on fossil fuel obstructs the growth of the market. However, Gulf countries are expanding their electric vehicle fleet to reduce the carbon emission will strengthen the market prospects.


Segmentation


















ATTRIBUTES    


DETAILS

By Application




  • Electric Vehicle

  • Power Tools

  • Electronic Goods

  • Others



By Geography




  • North America (United States and Canada)

  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)

  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico and Rest of Latin America)

  • Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)



 


Key Industry Developments



  • In April 2020, Honda Motor Europe expanding its partnership with SNAM (Société Nouvelle d’Affinage des Métaux) to recycle end-of-life batteries from hybrids and electric vehicles in Europe. SNAM will collect lithium-ion and nickel-metal hydride (NiMH) batteries for recycling and processing them accordingly.

  • In March 2020, Saft unveiled Intelli-Connect, a powerful digital monitoring tool that allows battery fleet operators to monitor the condition of number of nickel technology batteries remotely. The technology is


Nickel-Metal Hydride Battery Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2020
  • 2017-2019

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Energy & Power Clients

Abb
Nikon
Hitachi
Sumitomo
Schlumberger

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info.
X