Marketresearchnest Reports adds “Global Ni-MH Battery Market Growth 2019-2024”new report to its research database. The report spread across 167 pages with multiple tables and figures in it.
Pune, India -- (SBWIRE) -- 02/15/2019 -- The active components of a rechargeable NiMH battery in the charged state consist of nickel hydroxide (NiOOH) in the positive electrode and a hydrogen storing metal alloy (MH) in the negative electrode as well as an alkaline electrolyte.
The world Nickel Metal Hydride (NiMH) batteries market is currently at a mature stage and its technology offers limited scope for innovation. However, relative to the newer alternative chemistries, NiMH provides a price-efficient solution for many applications, given its lower price per kWh and performance characteristics. Growth opportunities arise mainly from two end-user segments, namely the consumer electronics and industrial segments. On one hand, NIMH batteries are well suited to supply the growing demand for rechargeable batteries employed in toys, cordless phones, vacuum cleaners, and other cordless appliances. On the other hand, the industrial segment is poised to demand NIMH batteries for powering appliances that require rugged batteries such as automotive applications where it is the technology of choice for powering HEVs and where it has accumulated over 10 years of trouble free service and can thus last for the lifetime of the car. NiMH can handle the high power levels typical in EV applications, the active chemicals are inherently safer than Lithium based cells and NiMH batteries don't need the complex battery management systems (BMS) essential with Lithium batteries.
At present, in developed countries, the Ni-MH Battery industry is generally at a more advanced level. The world's large enterprises are mainly concentrated in Japan and China. Meanwhile, foreign companies have more advanced equipment, strong R and D capability, and leading technical level. However, foreign companies' manufacturing cost is relatively higher, compared with Chinese companies. With the development of Chinese Ni-MH Battery production technology, their share in the international market is increasing, and competitiveness in the international market gradually increases.
China's Ni-MH Battery industry has developed into a national wide status with certain research and production capacity, industry product mix has gradually improved, currently. China has become a large international production country of Ni-MH Battery, but the production technology is relatively laggard to produce some low-end product. The key product of China Ni-MH Battery market is Small-Sized battery for Consumer Electronics. The Ni-MH Battery for HEV are monopolized by Primearth EV Energy.The future of Ni-MH Battery is dark for the substituted by lithium battery in both consumer electronics application and HEV.
According to this study, over the next five years the Ni-MH Battery market will register a -2.6% CAGR in terms of revenue, the global market size will reach US$ 1810 million by 2024, from US$ 2120 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Ni-MH Battery business, shared in Chapter 3.
This report presents a comprehensive overview, market shares and growth opportunities of Ni-MH Battery market by product type, application, key companies and key regions.
This study considers the Ni-MH Battery value and volume generated from the sales of the following segments:
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This report studies the global Ni-MH Battery market, especially in North America, Europe, Asia-Pacific, South America, Middle East and Africa, focuses on the Global Ni-MH Battery players in each region, with sales, price, revenue and market share from 2013 to 2019, the top players including
- Primearth EV Energy
- GP Batteries International
- Highpower International Inc
- Huanyu battery
- GS Yuasa
- Spectrum Brands (Rayovac)
- Lexel Battery (Coslight)
- EPT Battery Co., Ltd
- Energizer Holdings
- Great Power Energy
Split by Product Types, with sales, revenue, price, market share of each type, can be divided into
- Small-Sized Ni-MH Battery for Consumer Electronics
- Large-Sized Ni-MH Battery for HEV
Split by applications, this report focuses on sales, market share and growth rate of Ni-MH Battery in each application, can be divided into
- Retail market
- Cordless phone
- Dust collector
- Personal care
- Lighting tools
- Electric tool
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In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
- To study and analyze the global Ni-MH Battery market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
- To understand the structure of Ni-MH Battery market by identifying its various subsegments.
- Focuses on the key global Ni-MH Battery players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the Ni-MH Battery with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To project the size of Ni-MH Battery 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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Mr. Jeet Jain
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