Harrisburg, NC -- (SBWire) -- 10/19/2020 --The Global Nickel Metal Hydride Batteries Market Research Report 2020-2030 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 (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data which enhances the understanding, scope and application of this report.

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Market Segmentation

Top leading Companies of Global Nickel Metal Hydride Batteries Market are – Duracell, Energizer Holdings, Panasonic, Primearth EV Energy, Spectrum Brands, GP Batteries International, Panasonic, Spectrum Brands (Rayovac), Duracell, Aeg Powertools

Markets Covered: 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

The nickel metal hydride batteries market consists of sales of nickel metal hydride batteries and related products. Nickel metal hydride battery refers to energy storage battery or rechargable battery in general. These batteries are composed of electrochemical charge/discharge reactions that occur between a positive electrode and a negative electrode and are used in widespead applications especially in high-end portable electronic products.

The global nickel metal hydride batteries market was worth $ 0.48 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of -3% and reach $0.43 billion by 2023.

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 worlds passenger vehicles. The increasing demand for electric vehicles will positively impact the NiMH battery market.

Regulations introduced by various governments for the rechargeable batteries manufacturing hindered the growth of the market. The battery manufacturing process generates wastewater and releases pollutants such as cadmium, cobalt, copper, cyanide, iron, lead, manganese, mercury, nickel and zinc. The manufacturers are usually advised, unless mandated to reduce the amount of hazardous substances released in the environment. For example, The USA Environmental Protection Agency (EPA) formulated the Battery Manufacturing Effluent Guidelines and Standards to regulate such pollutants.

Recent developments in NiMH battery manufacturing has improved the lifespan of nickel-metal hydride batteries. The electropositivity 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. In December 2018, Researchers at Stockholm University, a Swedish public university, have developed metal hydride surface structures for NiMH batteries to extend cycle life.

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 AGs 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.

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What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Nickel Metal Hydride Batteries Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Finally, Nickel Metal Hydride Batteries Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

Note: All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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