Global Nickel Metal Hydride Batteries Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Small-Sized Ni-MH Battery for Consumer Electronics and Large-Sized Ni-MH Battery for HEV.

By Application;

Automotive, Cordless Phone, Dust Collector, Personal Care, Lighting Tools, Electric Tool, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn303906383 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Nickel Metal Hydride Batteries Market (USD Million), 2021 - 2031

In the year 2024, the Global Nickel Metal Hydride Batteries Market was valued at USD 2,455.90 million. The size of this market is expected to increase to USD 2,919.29 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 2.5%.

The global nickel metal hydride (NiMH) batteries market has emerged as a significant segment in the energy storage industry, known for its versatility and high performance across various applications. NiMH batteries are recognized for their superior energy density, long cycle life, and safety compared to traditional nickel-cadmium (NiCd) batteries. These characteristics make them a popular choice for applications ranging from consumer electronics and automotive to renewable energy storage systems. As the demand for efficient and environmentally friendly energy storage solutions increases, NiMH batteries have gained traction due to their ability to provide reliable power while reducing the environmental impact associated with hazardous materials.

In the automotive sector, NiMH batteries play a crucial role in hybrid electric vehicles (HEVs), offering an optimal balance between energy density and cost. They are used extensively in HEVs to store and release energy efficiently, contributing to better fuel economy and reduced emissions. The automotive industry’s shift towards electrification and the growing adoption of hybrid and plug-in hybrid vehicles drive the demand for NiMH batteries. The technology's ability to deliver consistent performance and support regenerative braking systems further enhances its appeal in the automotive market.

Beyond automotive applications, NiMH batteries are also gaining traction in consumer electronics, power tools, and renewable energy storage. In consumer electronics, they are used in rechargeable batteries for devices such as cameras, cordless phones, and laptops, where their high capacity and long cycle life offer significant advantages. Additionally, NiMH batteries are being explored for use in grid energy storage systems, where they can support renewable energy integration and provide backup power. The versatility and advancements in NiMH battery technology continue to drive market growth, positioning them as a valuable component in the broader energy storage landscape.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Nickel Metal Hydride Batteries Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Automotive Electrification
        2. Renewable Integration
        3. Energy Density
      2. Restraints
        1. High Cost
        2. Limited Energy
        3. Competitive Alternatives
      3. Opportunities
        1. Hybrid Vehicles
        2. Consumer Electronics
        3. Technological Advancements
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Nickel Metal Hydride Batteries Market, By Type, 2021 - 2031 (USD Million)
      1. Small-Sized Ni-MH Battery for Consumer Electronics
      2. Large-Sized Ni-MH Battery for HEV
    2. Global Nickel Metal Hydride Batteries Market, By Application, 2021 - 2031 (USD Million)
      1. Automotive
      2. Cordless Phone
      3. Dust Collector
      4. Personal Care
      5. Lighting Tools
      6. Electric Tool
      7. Others
    3. Global Nickel Metal Hydride Batteries Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia/New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Energizer Holdings, Inc. (US)
      2. Panasonic Holdings Corporation (Japan)
      3. Duracell (US)
      4. VARTA AG (Germany)
      5. FDK Corporation (Japan)
      6. BYD Company Limited (China)
      7. Primearth EV Energy Co., Ltd. (Japan)
      8. GP Batteries International Limited (China)
  7. Analyst Views
  8. Future Outlook of the Market