Ni-MH Battery Market Outlook 2025, Growth Drivers, Key Players, Consumer Trends and Forecast Insights

The report titled, "Ni-MH Battery Market - Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031" has been recently published by QY Research. The authors of the report have done extensive study of the global Ni-MH Battery market keeping in mind the key aspects such as growth determinants, opportunities, challenges, restraints, and market developments. This analysis will enrich the ability of the companies involved in the global Ni-MH Battery market to make precise decisions. The report also emphasizes on the current and future trends in the global Ni-MH Battery market, which may bode well for the global Ni-MH Battery market in the coming years. Impact of the driving factors on the global Ni-MH Battery market growth has been mapped by the report. Besides, factors that are likely to challenge the global Ni-MH Battery market growth in the years to come are discussed by the industry experts in the report.

The global market for Ni-MH Battery was estimated to be worth US$ 1247 million in 2024 and is forecast to a readjusted size of US$ 1369 million by 2031 with a CAGR of 0.8% during the forecast period 2025-2031.

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The trends analysis offered in the report will help players operating in the global Ni-MH Battery market to cash in on lucrative business opportunities. The regional analysis included in the report will help players to explore untapped markets and increase their market presence in key regions. Most importantly, the report offers crucial market information and data that will prepare players to effectively strategize for their business to gain significant profits. On the whole, it comes out as a powerful tool that players can use to gain a competitive edge in the global Ni-MH Battery market.

The global Nickel-Metal Hydride (Ni-MH) battery market remains an important segment of the rechargeable battery industry, supported by its proven safety, durability, and cost-effectiveness. Although the rapid rise of lithium-ion batteries has reduced its share in consumer electronics, Ni-MH technology continues to demonstrate strong competitiveness in specific sectors such as hybrid electric vehicles (HEVs), power tools, cordless appliances, and industrial energy storage. In particular, leading automotive OEMs such as Toyota, Honda, and Ford have maintained Ni-MH battery use in hybrid models due to their stable thermal performance, high cycle life, and lower safety risks compared to lithium-based systems. The global market size is estimated to maintain steady growth, supported by the replacement and aftermarket demand in transportation and industrial applications.

From a technological perspective, Ni-MH batteries benefit from continuous improvements in electrode materials and hydrogen storage alloys, which have enhanced energy density and reduced self-discharge rates. The typical energy density of Ni-MH batteries has increased to over 100 Wh/kg, narrowing the performance gap with low-end lithium-ion chemistries. Moreover, Ni-MH batteries retain strong performance under extreme temperature conditions and are highly recyclable, giving them an environmental advantage in regulated markets such as the European Union and Japan. The combination of mature manufacturing processes, stable supply chains, and cost-efficient production ensures a resilient position for Ni-MH technology despite the global shift toward lithium-ion systems.

Regionally, Asia-Pacific dominates the Ni-MH battery market, driven by large-scale manufacturing bases in Japan, China, and South Korea. Japan continues to lead in innovation and quality-represented by Panasonic, Hitachi, and FDK-while China's suppliers such as GP Batteries, Corun, and Highpower Technology have expanded production capacity to serve both domestic and overseas markets. North America and Europe, while smaller in manufacturing, remain significant in consumption, particularly through the automotive and consumer electronics sectors. The growing trend of localization in battery supply chains is also prompting new investment in assembly and recycling facilities in the United States and the European Union.

Future development will likely focus on high-capacity small Ni-MH cells, low-cost hybrid systems, and environmentally sustainable recycling technologies. While lithium-ion batteries will continue to dominate new energy applications, Ni-MH batteries will retain a strategic niche in hybrid vehicles, backup power systems, and eco-friendly consumer devices due to their long operational life, low maintenance, and proven reliability. Overall, Ni-MH technology remains an enduring and adaptive solution in the evolving global energy storage landscape.

Competitive landscape is one of the most interesting subjects of any market research study. It provides readers with important information on competition trends, prominent players, and nature of competition. In this report, the authors have profiled some of the top-ranking as well as other players of the global Ni-MH Battery market. In the company profiling section, each player is comprehensively studied while focusing on its market share, recent developments, production, gross revenue, profit margin, and other factors. The competitive analysis shared in the report will help players to improve their strategies to better compete with other companies.

Top Players operating in the global Ni-MH Battery Market are:

Highpower Technology
Hunan Corun New Energy
FDK
Panasonic
GP Batteries
Grepow
Langtaitong Technology
LEXEL
Union Suppo Battery
EPT Battery Co. Ltd
BPI
Great Power
Energizer
Primearth EV Energy
Maxell

Market Segmentation

The report offers deep insights into leading segments of the global Ni-MH Battery market and explains key factors helping them to collect a larger share. It provides accurate growth rate and market size achieved by each segment during the forecast period. This will help players to identify lucrative segments and plan out specific strategies to gain maximum profit from them. The report also includes sales growth, revenue, and price changes observed in important segments. Most importantly, the segmental analysis equips players with useful information and data to make the best of opportunities available in different segments.

Details of Ni-MH Battery Market Segmentation: -

Segment by Type:

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

Segment by Application:

HEV
Retail Market
Cordless Phone
Dust Collector
Personal Care
Lighting Tools
Electric Tool
Others

Regional Analysis:

The report offers a deep geographical study of the global Ni-MH Battery market where growth prospects in key regions and countries are identified to help players expand their market presence. Market drivers for each regional market are broadly analyzed in the report. Moreover, the geographical analysis provided in the report could help readers to become familiar with challenges that are specific to the regional markets analyzed. All the regional and country-wise markets studied in the report are analyzed on the basis of growth rate, value, volume, and other vital factors. This will help readers to gain in-depth knowledge of the regional growth of the Ni-MH Battery market.

Highlights of Report

(1) Buyers of the report will have access to unique information about top 10 players of the global Ni-MH Battery market

(2) The report informs readers about future products and technologies to be introduced in the global Ni-MH Battery market

(3) Readers are offered with comprehensive analysis on key revenue pockets of the global Ni-MH Battery market

(4) The report provides details about long-term and short-term strategies adopted by major players of the global Ni-MH Battery market

(5) The authors of the report have provided demand and growth trends of the global Ni-MH Battery market and also its segments

(6) In the geographical analysis section, the report discusses about recent market developments in different regions and countries.

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Table of Content

"1 Market Overview
1.1 Ni-MH Battery Product Introduction
1.2 Global Ni-MH Battery Market Size Forecast (2020-2031)
1.3 Ni-MH Battery Market Trends & Drivers
1.3.1 Ni-MH Battery Industry Trends
1.3.2 Ni-MH Battery Market Drivers & Opportunity
1.3.3 Ni-MH Battery Market Challenges
1.3.4 Ni-MH Battery Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Ni-MH Battery Players Revenue Ranking (2024)
2.2 Global Ni-MH Battery Revenue by Company (2020-2025)
2.3 Key Companies Ni-MH Battery Manufacturing Base Distribution and Headquarters
2.4 Key Companies Ni-MH Battery Product Offered
2.5 Key Companies Time to Begin Mass Production of Ni-MH Battery
2.6 Ni-MH Battery Market Competitive Analysis
2.6.1 Ni-MH Battery Market Concentration Rate (2020-2025)
2.6.2 Global 5 and 10 Largest Companies by Ni-MH Battery Revenue in 2024
2.6.3 Global Top Companies by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Ni-MH Battery as of 2024)
2.7 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Small-Sized Ni-MH Battery for Consumer Electronics
3.1.2 Large-Sized Ni-MH Battery for HEV
3.2 Global Ni-MH Battery Sales Value by Type
3.2.1 Global Ni-MH Battery Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Ni-MH Battery Sales Value, by Type (2020-2031)
3.2.3 Global Ni-MH Battery Sales Value, by Type (%) (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 HEV
4.1.2 Retail Market
4.1.3 Cordless Phone
4.1.4 Dust Collector
4.1.5 Personal Care
4.1.6 Lighting Tools
4.1.7 Electric Tool
4.1.8 Others
4.2 Global Ni-MH Battery Sales Value by Application
4.2.1 Global Ni-MH Battery Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Ni-MH Battery Sales Value, by Application (2020-2031)
4.2.3 Global Ni-MH Battery Sales Value, by Application (%) (2020-2031)
5 Segmentation by Region
5.1 Global Ni-MH Battery Sales Value by Region
5.1.1 Global Ni-MH Battery Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Ni-MH Battery Sales Value by Region (2020-2025)
5.1.3 Global Ni-MH Battery Sales Value by Region (2026-2031)
5.1.4 Global Ni-MH Battery Sales Value by Region (%), (2020-2031)
5.2 North America
5.2.1 North America Ni-MH Battery Sales Value, 2020-2031
5.2.2 North America Ni-MH Battery Sales Value by Country (%), 2024 VS 2031
5.3 Europe
5.3.1 Europe Ni-MH Battery Sales Value, 2020-2031
5.3.2 Europe Ni-MH Battery Sales Value by Country (%), 2024 VS 2031
5.4 Asia Pacific
5.4.1 Asia Pacific Ni-MH Battery Sales Value, 2020-2031
5.4.2 Asia Pacific Ni-MH Battery Sales Value by Region (%), 2024 VS 2031
5.5 South America
5.5.1 South America Ni-MH Battery Sales Value, 2020-2031
5.5.2 South America Ni-MH Battery Sales Value by Country (%), 2024 VS 2031
5.6 Middle East & Africa
5.6.1 Middle East & Africa Ni-MH Battery Sales Value, 2020-2031
5.6.2 Middle East & Africa Ni-MH Battery Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Ni-MH Battery Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Ni-MH Battery Sales Value, 2020-2031
6.3 United States
6.3.1 United States Ni-MH Battery Sales Value, 2020-2031
6.3.2 United States Ni-MH Battery Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Ni-MH Battery Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Ni-MH Battery Sales Value, 2020-2031
6.4.2 Europe Ni-MH Battery Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Ni-MH Battery Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Ni-MH Battery Sales Value, 2020-2031
6.5.2 China Ni-MH Battery Sales Value by Type (%), 2024 VS 2031
6.5.3 China Ni-MH Battery Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Ni-MH Battery Sales Value, 2020-2031
6.6.2 Japan Ni-MH Battery Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Ni-MH Battery Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Ni-MH Battery Sales Value, 2020-2031
6.7.2 South Korea Ni-MH Battery Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Ni-MH Battery Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Ni-MH Battery Sales Value, 2020-2031
6.8.2 Southeast Asia Ni-MH Battery Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Ni-MH Battery Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Ni-MH Battery Sales Value, 2020-2031
6.9.2 India Ni-MH Battery Sales Value by Type (%), 2024 VS 2031
6.9.3 India Ni-MH Battery Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 Highpower Technology
7.1.1 Highpower Technology Profile
7.1.2 Highpower Technology Main Business
7.1.3 Highpower Technology Ni-MH Battery Products, Services and Solutions
7.1.4 Highpower Technology Ni-MH Battery Revenue (US$ Million) & (2020-2025)
7.1.5 Highpower Technology Recent Developments
7.2 Hunan Corun New Energy
7.2.1 Hunan Corun New Energy Profile
7.2.2 Hunan Corun New Energy Main Business
7.2.3 Hunan Corun New Energy Ni-MH Battery Products, Services and Solutions
7.2.4 Hunan Corun New Energy Ni-MH Battery Revenue (US$ Million) & (2020-2025)
7.2.5 Hunan Corun New Energy Recent Developments
7.3 FDK
7.3.1 FDK Profile
7.3.2 FDK Main Business
7.3.3 FDK Ni-MH Battery Products, Services and Solutions
7.3.4 FDK Ni-MH Battery Revenue (US$ Million) & (2020-2025)
7.3.5 FDK Recent Developments
7.4 Panasonic
7.4.1 Panasonic Profile
7.4.2 Panasonic Main Business
7.4.3 Panasonic Ni-MH Battery Products, Services and Solutions
7.4.4 Panasonic Ni-MH Battery Revenue (US$ Million) & (2020-2025)
7.4.5 Panasonic Recent Developments
7.5 GP Batteries
7.5.1 GP Batteries Profile
7.5.2 GP Batteries Main Business
7.5.3 GP Batteries Ni-MH Battery Products, Services and Solutions
7.5.4 GP Batteries Ni-MH Battery Revenue (US$ Million) & (2020-2025)
7.5.5 GP Batteries Recent Developments
7.6 Grepow
7.6.1 Grepow Profile
7.6.2 Grepow Main Business
7.6.3 Grepow Ni-MH Battery Products, Services and Solutions
7.6.4 Grepow Ni-MH Battery Revenue (US$ Million) & (2020-2025)
7.6.5 Grepow Recent Developments
7.7 Langtaitong Technology
7.7.1 Langtaitong Technology Profile
7.7.2 Langtaitong Technology Main Business
7.7.3 Langtaitong Technology Ni-MH Battery Products, Services and Solutions
7.7.4 Langtaitong Technology Ni-MH Battery Revenue (US$ Million) & (2020-2025)
7.7.5 Langtaitong Technology Recent Developments
7.8 LEXEL
7.8.1 LEXEL Profile
7.8.2 LEXEL Main Business
7.8.3 LEXEL Ni-MH Battery Products, Services and Solutions
7.8.4 LEXEL Ni-MH Battery Revenue (US$ Million) & (2020-2025)
7.8.5 LEXEL Recent Developments
7.9 Union Suppo Battery
7.9.1 Union Suppo Battery Profile
7.9.2 Union Suppo Battery Main Business
7.9.3 Union Suppo Battery Ni-MH Battery Products, Services and Solutions
7.9.4 Union Suppo Battery Ni-MH Battery Revenue (US$ Million) & (2020-2025)
7.9.5 Union Suppo Battery Recent Developments
7.10 EPT Battery Co., Ltd
7.10.1 EPT Battery Co., Ltd Profile
7.10.2 EPT Battery Co., Ltd Main Business
7.10.3 EPT Battery Co., Ltd Ni-MH Battery Products, Services and Solutions
7.10.4 EPT Battery Co., Ltd Ni-MH Battery Revenue (US$ Million) & (2020-2025)
7.10.5 EPT Battery Co., Ltd Recent Developments
7.11 BPI
7.11.1 BPI Profile
7.11.2 BPI Main Business
7.11.3 BPI Ni-MH Battery Products, Services and Solutions
7.11.4 BPI Ni-MH Battery Revenue (US$ Million) & (2020-2025)
7.11.5 BPI Recent Developments
7.12 Great Power
7.12.1 Great Power Profile
7.12.2 Great Power Main Business
7.12.3 Great Power Ni-MH Battery Products, Services and Solutions
7.12.4 Great Power Ni-MH Battery Revenue (US$ Million) & (2020-2025)
7.12.5 Great Power Recent Developments
7.13 Energizer
7.13.1 Energizer Profile
7.13.2 Energizer Main Business
7.13.3 Energizer Ni-MH Battery Products, Services and Solutions
7.13.4 Energizer Ni-MH Battery Revenue (US$ Million) & (2020-2025)
7.13.5 Energizer Recent Developments
7.14 Primearth EV Energy
7.14.1 Primearth EV Energy Profile
7.14.2 Primearth EV Energy Main Business
7.14.3 Primearth EV Energy Ni-MH Battery Products, Services and Solutions
7.14.4 Primearth EV Energy Ni-MH Battery Revenue (US$ Million) & (2020-2025)
7.14.5 Primearth EV Energy Recent Developments
7.15 Maxell
7.15.1 Maxell Profile
7.15.2 Maxell Main Business
7.15.3 Maxell Ni-MH Battery Products, Services and Solutions
7.15.4 Maxell Ni-MH Battery Revenue (US$ Million) & (2020-2025)
7.15.5 Maxell Recent Developments
8 Industry Chain Analysis
8.1 Ni-MH Battery Industrial Chain
8.2 Ni-MH Battery Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Ni-MH Battery Sales Model
8.5.2 Sales Channel
8.5.3 Ni-MH Battery Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer

This Ni-MH Battery Market Research Report Contains Answers to your following Questions

(A) Which Manufacturing Technology is Used for Ni-MH Battery? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?

(B) Who Are the Global Key Players in This Ni-MH Battery Market? What's Their Company Profile, Their Product Information, and Contact Information?

(C) What Was Global Market Status of Ni-MH Battery Market? What Was Capacity, Production Value, Cost and PROFIT of Ni-MH Battery Market?

(D) What Is Current Market Status of Ni-MH Battery Industry? What's Market Competition in This Industry, Both Company, and Country Wise? What's Market Analysis of Ni-MH Battery Market by Taking Applications and Types in Consideration?

(E) What Are Projections of Global Ni-MH Battery Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?

(F) What Is Ni-MH Battery Market Chain Analysis by Upstream Raw Materials and Downstream Industry?

(G) What Is Economic Impact On Ni-MH Battery Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?

(H) What Are Market Dynamics of Ni-MH Battery Market? What Are Challenges and Opportunities?

(I) What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Ni-MH Battery Industry?

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