Nickel Metal Hydride Market 2021 Analysis by Global Manufacturers - Duracell; Energizer Holdings; Panasonic; Primearth EV Energy; Spectrum Brands

Global Nickel Metal Hydride Market Size and Forecast to 2021 – 2030 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data. The research analysts provide a detailed description of the value chain and its distributor analysis. This Market study provides comprehend Nickel Metal Hydride data that enhances the understanding, scope, and application of this report.

The study includes market share analysis and profiles of players such as Duracell; Energizer Holdings; Panasonic; Primearth EV Energy; Spectrum Brands; GP Batteries International; Panasonic; Spectrum Brands (Rayovac); Duracell; Aeg Powertools; Cell-Con; Harding Energy; Johnson Controls; BASF; Power-Sonic Corporation; Supreme B.

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The global nickel metal hydride market is expected to decline from $1.86 in billion 2020 to $1.85 billion in 2021 at a compound annual growth rate (CAGR) of -0.5%. The decline in the market is mainly due to a halt in the production of nickel metal hydride batteries, supply chain disruptions, and labor shortages caused during the COVID-19 outbreak. The market is expected to reach $1.95 billion in 2025 at a CAGR of 1%.

Market Overview:

The nickel metal hydride market covered in this report is segmented by type into small-sized Ni-MH battery for consumer electronics, large-sized Ni-MH battery for HEV. It is also segmented by application into automotive, cordless phone, dust collector, personal care, lighting tools, electric tool.

Nickel metal hydride batteries are increasingly being used in hybrid vehicles. The wide temperature range between -30 C to + 75 C and rapid charging capacity made these batteries ideal for the automotive sector. NiMH batteries can handle the high-power levels which is essential for electric vehicles. According to Bloomberg New Energy Finance (BNEF) report, electric vehicle sales are expected to reach 540 million by 2040, which is around 32% of the world’s passenger vehicles. The increasing demand for electric vehicles will positively impact the NiMH battery market.

Recent developments in NiMH battery manufacturing have improved the lifespan of nickel-metal hydride batteries. The electro positivity of the A-elements makes them easy to be corroded in the alkaline electrolyte used in NiMH batteries. A thin protective layer is used on alloy particles to improve reaction kinetics and corrosion stability of conventional NiMH batteries. For instance, Researchers at Stockholm University, a Swedish public university, have developed metal hydride surface structures for NiMH batteries to extend cycle life.

Industry News and Update:

In January 2020, German battery manufacturer, VARTA AG acquired the US based Energizer Holdings, Inc.’s subsidiary, VARTA Consumer Batteries for $401 million. The acquisition will likely strengthen VARTA AG’s battery business and expand its product portfolio. VARTA Consumer Batteries manufactures and markets dry and primary batteries globally. The company was founded in 2002 and is headquartered in Ellwangen, Germany.

Market Scope:

1) By Type: Small-Sized Ni-MH Battery for Consumer Electronics; Large-Sized Ni-MH Battery for HEV

2) By Application: Automotive; Cordless Phone; Dust Collector; Personal Care; Lighting Tools; Electric Tool

3) By Sales Channel: OEM; Aftermarket

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Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Organic Soft Drinks market.

Region Coverage: Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Countries Coverage: USA, France, Germany, UK, China, Australia, India, Indonesia, Japan, South Korea, Russia, Brazil

The study objectives of this report are:

To study and analyze the global Nickel Metal Hydride size (value and volume) by the company, key regions/countries, products and application, history data from 2020 to 2025, and forecast to 2030.
To understand the structure of Nickel Metal Hydride by identifying its various sub-segments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Nickel Metal Hydride manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
To analyze the Nickel Metal Hydride with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Nickel Metal Hydride submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

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