Press release
Emerging Evolution in Nickel-Metal Hydride Battery Market: Trends and Top Keyword Companies Profile (Panasonic, Huanyu battery, GS Yuasa, Spectrum Brands) | Forecast to 2025
Nickel-Metal Hydride Battery Market
The growing demand for Nickel-Metal Hydride Battery has provided a major boost to the Global Nickel-Metal Hydride Battery Market as more people are shifting their preferences to this growing sector. The market is expected to keep rising at a high CAGR and reach values of high millions by the end of the forecast period of 2020 up to 2024.
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Nickel-metal hydride batteries are made of standardized cylindrical forms, which are interchangeable with nickel-cadmium batteries. Nickel-metal hydride batteries are made with the reaction between nickel and cadmium. Electricity plays a vital role in modern life. Nickel-metal hydride battery is used in a broad range of applications. Demand for electricity has been rising exponentially across the globe. Therefore, governments of various countries are undertaking modernization and developing the power generation infrastructure. Nickel-metal hydride battery is a vital component of the power source in appliances. Therefore, increase in demand for electricity, especially in the electronics sector, is expected to boost the demand for nickel-metal hydride battery.
The global Nickel-Metal Hydride Battery Market is primarily segmented based on Product Type, Application, End-Use Industry and Regions.
Based on Product Type, the market is divided into:
1 Small-Sized Ni-MH Battery for Consumer Electronics
2 Large-Sized Ni-MH Battery for HEV
On the basis of End Use Industry, the market is split into:
1 HEV
2 Retail Market
3 Cordless Phone
4 Dust Collector
5 Personal Care
The nickel-metal hydride battery market can be segmented based on component, application, and region. Based on component, the nickel-metal hydride battery market can be divided into positive electrode, negative electrode, and others. The positive electrode exchanges a proton in the charge-discharge reaction. This results in a small change in size, leading to a high level of mechanical stability. Negative electrode in the nickel-metal hydride battery has an active material – hydrogen. However, it is not physically possible to utilize hydrogen directly. Therefore, hydrogen is stored in the nickel-metal hydride battery as a metal hydride, which serves as the negative electrode. Concentration of electrolyte is the primary contributor to the resistance of nickel-metal hydride battery. Nickel-metal hydride battery is used in power supplies. It is installed in electronics, hybrid vehicles, and electric cars.
Objectives of the Study
To describe and forecast the global Nickel-Metal Hydride Battery Market on the basis of Product Type, industry verticals, Channel and regions.
To forecast the Nickel-Metal Hydride Battery Market size of the five main regional segments, namely North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America.
To strategically analyzesubsegments with respect to individual growth trends, future prospects, and contribution to the total market.
To provide detailed information regarding the major factors influencing the growth of the Nickel-Metal Hydride Battery Market (drivers, restraints, opportunities, and challenges).
To analyze the opportunities in the market for stakeholders and to provide details of competitive landscape for major players.
To strategically profile key players and comprehensively analyze their core competencies and positioning.
To track and analyze competitive developments such as mergers and acquisitions, new product developments, and partnerships, agreements & collaborations in the Nickel-Metal Hydride Battery Market.
Some of the Nickel-Metal Hydride Battery Market manufacturers involved in the market are Primearth EV Energy, FDK, GP Batteries International, Highpower International Inc, Corun, Panasonic, Huanyu battery, GS Yuasa, Spectrum Brands (Rayovac), Lexel Battery (Coslight), EPT Battery Co., Ltd, Energizer Holdings, Great Power Energy, Suppo, Acquisitions and effective mergers are some of the strategies adopted by the Nickel-Metal Hydride Battery Market manufacturers. New product launches and continuous technological innovations are the Nickel-Metal Hydride Battery Market strategies adopted by the major players.
Latest Industry Updates:
Japan - Panasonic Corporation announced today that it has received the highest accolade as Best of Best in the Brand Design category at the Automotive Brand Contest 2020, which is organized by German Design Council (Rat für Formgebung). The award was given in recognition of the concept and design of the Panasonic Automotive business brand. The official award ceremony is planned to take place in autumn 2020.
The Automotive Brand Contest is the only international design competition for automotive brands. The German Design Council, founded in 1953, also runs internationally renowned design awards, such as the German Design Award and the ICONIC Awards. The Automotive Brand Contest covers all creative aspects in the automotive industry across the world - from vehicle design to corporate publishing. This year's winners also include global brands, such as Audi, BMW, Buick, Byton, Continental, Mercedes-Benz, Porsche and Volkswagen. Panasonic is the first Japanese automotive supplier to be awarded Best of Best in the contest's history which started in 2011.
In praise of Panasonic Automotive's brand design, the contest jury said, "The consistent appearance in light blue and green unobtrusively underscores the clear positioning of the Panasonic Automotive brand, where it transitions from a vision into reality, from innovation to automotive solutions, thus becoming convincingly tangible
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Asia Pacific was a prominent market for Nickel-Metal Hydride Batterys in 2016. Among the countries in Asia Pacific, the demand was substantially high in developing countries such as China and India. These countries have been witnessing rapid increase in its population along with expansion of their overall economies, which has led to increase in disposable income. Increased spending on home interiors is fuelling the Nickel-Metal Hydride Battery market in Asia Pacific.
There are several manufacturers of Nickel-Metal Hydride Batterys in Europe and North America. In North America, the demand for Nickel-Metal Hydride Batterys is primarily driven by the residential sector. Improved standards of living and rising usage of Nickel-Metal Hydride Batterys for flooring purpose are anticipated to drive the market in North America.
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Table of Contents:
Global Nickel-Metal Hydride Battery Market Report 2020
1 Nickel-Metal Hydride Battery Definition
2 Global Nickel-Metal Hydride Battery Market Major Player Share and Market Overview
3 Major Player Nickel-Metal Hydride Battery Business Introduction
4 Global Nickel-Metal Hydride Battery Market Segmentation (Region Level)
5 Global Nickel-Metal Hydride Battery Market Segmentation (Product Type Level)
6 Global Nickel-Metal Hydride Battery Market Segmentation (Industry Level)
7 Global Nickel-Metal Hydride Battery Market Segmentation (Channel Level)
8 Nickel-Metal Hydride Battery Market Forecast 2020-2024
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