Nickel Metal Hydride Battery Market Scope
Nickel-metal hydride battery is a type of rechargeable battery commonly used in many laptop computers, mobile phones, camcorders and other electronic devices. The negative electrode of the Nickel-metal hydride battery is made from a hydrogen-absorbing alloy and sometimes many different inter-metallic compounds. Furthermore, the positive electrode is made of nickel-oxide hydroxide, the same as in Apple Nickel-Cadmium batteries. Nickel-metal hydride batteries are not expensive and perform like non-chargeable alkaline primary cells. In digital cameras and other high drain electronic devices, Nickel-metal hydride batteries actually outperform alkaline primary cells, as well as many other batteries.
According to AMA, the Global Nickel Metal Hydride Battery market is expected to see growth rate of 2.1%
Research Analyst at AMA estimates that Japanese Players will contribute to the maximum growth of Global Nickel Metal Hydride Battery market throughout the predicted period.
Duracell (Switzerland), Energizer Holdings (United States), Panasonic (Japan), Primearth EV Energy (Japan), Spectrum Brands (United States), Rayovac (United States), Primearth EV Energy Co Ltd (Japan), Haze Battery Co Ltd (China), Shenzhen Mingyida Battery Co Ltd (Japan) and FDK Twicell Co Ltd (Japan) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Nickel Metal Hydride Battery market by Type (AAA NiMH Battery, AA NiMH Battery, C NiMH Battery, D NiMH Battery and Others), by Application (Digital Cameras, Laptops, Mobile Phones, Hybrid Electric Vehicles and Others) and Region with country level break-up.
On the basis of geography, the market of Nickel Metal Hydride Battery has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
On 16 Jan. 2018, Energizer Holdings, Inc. has announced that it has entered into a definitive agreement to acquire Spectrum Brands' Global Battery and Portable Lighting Business for USD 2.0 billion in cash. Anchored by the Varta and Rayovac brands, the portfolio has a long-standing history, global footprint and diversified range of products including alkaline, carbon-zinc, hearing aid, and nickel-metal hydride rechargeable batteries as well as battery chargers and portable lighting products.
Market Trend
- Development of Sustainable Recycling Methods for Ni-MH Battery Materials
Market Drivers
- Increased Demand from Consumer Electronics Segment
- Surging Application of Nickel-metal Hydride Batteries in Hybrid Electric Vehicles
Opportunities
- The Growing Electric Vehicles Industry Worldwide
- The Emerging Demand from Developing Countries
Restraints
- NiMH Batteries Are Lower Energy Density than Lithium-Ion
- Higher Initial Costs than Lead–Acid and Nickel–Acid Batteries
Challenges
- Rising Adoption of Li-Ion Batteries
Key Target Audience
Nickel Metal Hybride Battery Manufacturers, Nickel Metal Hybride Battery Raw Material Suppliers, Nickel Metal Hybride Battery Traders/Distributors, Nickel Metal Hybride Battery Importer/Exporter, Downstream Vendors, Regulatory & Government Bodies, End Users and Others