Press release
Nickel-Hydrogen Batteries Market Consumption Analysis, Business Overview
Nickel-Hydrogen Batteries Market
Nickel-Hydrogen Batteries Market is expected to grow from $2.74 in billion 2021 to $3.25 billion in 2022 at a compound annual growth rate (CAGR) of 18.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term.
Small Ni-MH batteries for consumer electronics and huge Ni-MH batteries for HEVs are the two primary varieties of nickel metal hydride batteries. Rechargeable small-sized Ni-MH batteries can be found in laptops, desktop computers, cameras, and cell phones. The nickel metal hydride batteries are sold through OEM and aftermarket sales channels and are utilised in electric tools, cordless phones, dust collectors, personal care products, and automobiles.
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Nickel-Hydrogen Batteries Market: Segment Analysis
Global Nickel-Hydrogen Batteries Market: Major Players
GP Batteries International
Spectrum Brands (Rayovac)
Primearth EV Energy
FDK
Corun
Huanyu battery
Lexel Battery (Coslight)
EPT Battery Co., Ltd
Panasonic
Highpower International Inc
Suppo
Great Power Energy
GS Yuasa
Energizer Holdings
Global Nickel-Hydrogen Batteries Market: By Types
Small-Sized Ni-MH Battery for Consumer Electronics
Large-Sized Ni-MH Battery for HEV
Global Nickel-Hydrogen Batteries Market: By Applications
HEV
Retail Market
Cordless Phone
Dust Collector
Personal care
Lighting Tools
Electric Tool
Others
Global Nickel-Hydrogen Batteries Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Nickel-Hydrogen Batteries market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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A rechargeable and energy-storage battery system based on electrochemical charge/discharge processes between positive and negative electrodes is known as a nickel-metal hydride battery (NiMH or Ni-MH). The chemical reaction of the positive electrode is identical to that of a nickel-cadmium cell (NiCd) because both utilise nickel oxide hydroxide (NiOOH). The negative electrodes are made of a hydrogen-absorbing alloy rather than cadmium, though. These batteries are used in a number of applications, including high-end portable electronic gadgets. They are composed of electrochemical charge/discharge interactions between a positive and negative electrode. They used power tools and digital cameras to demonstrate the portability of the equipment. Nickel-metal hydride batteries, a development of the well-known sealed nickel-cadmium battery technology, use a hydrogen-absorbing negative electrode in place of a cadmium-based electrode.
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