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

By Component;

Electrode, Cathode, Anode, and Electrolyte.

By Battery Type;

A, AA, AAA, C,D9V, and Others.

By Size;

Small, and Large.

By Sales Channel;

OEM and Aftermarket.

By Vertical;

Automotive, Consumer Electronics, Healthcare, Industrial, Residential, and Commercial.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn251357570 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Nickel-Metal Hydride (Ni-Mh) Battery Market (USD Million), 2021 - 2031

In the year 2024, the Global Nickel-Metal Hydride (Ni-Mh) Battery 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 (Ni-MH) battery market has experienced substantial growth due to its versatile applications and advancements in technology. Ni-MH batteries are renowned for their high energy density, long cycle life, and environmental safety compared to other battery types. These batteries are commonly used in various consumer electronics, such as digital cameras, cordless phones, and power tools, due to their reliable performance and rechargeable capabilities. The market has expanded as industries seek energy storage solutions that offer both efficiency and sustainability, making Ni-MH batteries a prominent choice for many applications.

In the automotive sector, Ni-MH batteries play a significant role, especially in hybrid electric vehicles (HEVs) and some plug-in hybrid vehicles (PHEVs). These batteries are valued for their ability to provide a stable power source and their resilience under varying temperature conditions. As the automotive industry increasingly focuses on reducing emissions and improving fuel efficiency, Ni-MH batteries have gained traction for their contribution to hybrid propulsion systems. This growth is driven by ongoing technological advancements and increasing consumer demand for cleaner and more efficient transportation options, supporting the expansion of the Ni-MH battery market.

Ni-MH batteries are becoming increasingly important in renewable energy storage solutions. Their ability to store excess energy generated from renewable sources, such as solar and wind, makes them suitable for integrating renewable energy into the grid. As the global emphasis on renewable energy and sustainability intensifies, the demand for Ni-MH batteries in energy storage systems is expected to rise. Innovations in battery technology and improvements in energy density and charging capabilities further enhance the attractiveness of Ni-MH batteries, positioning them as a key player in the transition towards greener energy solutions.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Component
    2. Market Snapshot, By Battery Type
    3. Market Snapshot, By Size
    4. Market Snapshot, By Sales Channel
    5. Market Snapshot, By Vertical
    6. Market Snapshot, By Region
  4. Global Nickel-Metal Hydride (Ni-Mh) Battery Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Automotive Electrification
        2. Energy Efficiency
        3. Hybrid Vehicles
      2. Restraints
        1. High Costs
        2. Limited Efficiency
        3. Battery Degradation
      3. Opportunities
        1. Electric Vehicles
        2. Renewable Integration
        3. Energy Storage
    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 (Ni-Mh) Battery Market, By Component, 2021 - 2031 (USD Million)
      1. Electrode
      2. Cathode
      3. Anode
      4. Electrolyte
    2. Global Nickel-Metal Hydride (Ni-Mh) Battery Market, By Battery Type, 2021 - 2031 (USD Million)
      1. A
      2. AA
      3. AAA
      4. C
      5. D
      6. 9V
      7. Others
    3. Global Nickel-Metal Hydride (Ni-Mh) Battery Market, By Size, 2021 - 2031 (USD Million)

      1. Small
      2. Large
    4. Global Nickel-Metal Hydride (Ni-Mh) Battery Market, By Sales Channel, 2021 - 2031 (USD Million)

      1. OEM
      2. Aftermarket
    5. Global Nickel-Metal Hydride (Ni-Mh) Battery Market, By Vertical, 2021 - 2031 (USD Million)

      1. Automotive
      2. Consumer Electronics
      3. Healthcare
      4. Industrial
      5. Residential
      6. Commercial
    6. Global Nickel-Metal Hydride (Ni-Mh) Battery 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