About Ni-MH Battery
Ni-MH Battery is defined as the type of rechargeable battery which is used in various electronic devices such as laptop, mobile phones, camcorders and electronic devices. It is also used in various automotive application such as telematics system, emergency call, among others. Increased demand from Consumer Electronic Segment across the world are some of the major factors which affect the growth of the market in the future.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 3.1% |
The competitive landscape for Ni-MH batteries is challenging. Lithium-ion batteries are the dominant technology, and they are continuing to improve. However, Ni-MH batteries still have some advantages, such as their lower cost and better performance at low temperatures. They may continue to be a good choice for some applications, but their market share is likely to decline over time. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Ni-MH Battery market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Duracell Inc. (United States), Energizer Holdings, Inc. (United States), Panasonic Corporation (Japan), Primearth EV Energy Co. Ltd. (Japan), Spectrum Brands Holdings, Inc. (United States), Fluke Corporation (United States), Nikon Corporation (Japan), Guangzhou Great Power Energy & Technology Co Ltd (China) and Highpower International Inc. (China) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are GP Batteries International Ltd (Singapore) and FDK (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Ni-MH Battery market by Type (Lithium Ion and Lead-Acid), Application (Cameras, Camcorders, Mobile Phones, Automotive Batteries and Others) and Region.
On the basis of geography, the market of Ni-MH 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). If we see Market by Distribution Channel , the sub-segment i.e. Online Retailer will boost the Ni-MH Battery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Nominal Capacity, the sub-segment i.e. 0-1000mAh will boost the Ni-MH Battery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Latest Trend of this Market is Development of Sustainable Recycling Methods for Ni-MH Battery Materials
Market Growth Drivers:
Growing Research and Development activity in NiMH batteries and Increased demand from Consumer Electronic Segment
Challenges:
High Prices of Some Ni-MH Battery Products
Restraints:
Increasing adoption of Li-ion batteries
Opportunities:
Growing Demand from Emerging Market such as China, India, Brazil, among others
Market Leaders and their expansionary development strategies
In May 2023, American Manganese Inc. partners with Nano One Materials Corp. to develop and commercialize nickel-cobalt manganese (NCM) battery cathode materials. This collaboration focuses on utilizing American Manganese's patented recycling technology to create sustainable and cost-effective NCM materials for Ni-MH batteries.
In October 2023, GP Batteries introduces a new series of eco-friendly Ni-MH batteries made from recycled materials. This launch reflects the growing emphasis on sustainability within the battery industry.
Key Target Audience
Ni-MH Battery Manufacturers Companies, Commercial Research and Development Institutions, Raw Material Suppliers and Distributors, Traders, Exporters, and Importers and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.