Nickel Metal Hydride Battery Market, By Product Type, By Application, By End user Industry, By Geography

Description

Global Nickel Metal Hydride Battery Market is estimated to be valued at USD 3.39 Bn in 2025 and is expected to reach USD 4.71 Bn by 2032, growing at a compound annual growth rate (CAGR) of 4.8% from 2025 to 2032.

Report Coverage		Report Details
Base Year:	2024	Market Size in 2025:	USD 3.39 Bn
Historical Data for:	2020 To 2024	Forecast Period:	2025 To 2032
Forecast Period 2025 to 2032 CAGR:	4.80%	2032 Value Projection:	USD 4.71 Bn

Figure. Nickel Metal Hydride Battery Market Share (%), By Region 2025

Nickel Metal Hydride Battery Market - IMG1

Nickel metal hydride (NiMH) batteries have gained significant popularity in recent years as a power source for various applications. These rechargeable batteries are known for their high energy density, long cycle life, and environmental friendliness. NiMH batteries offer an alternative to traditional lead-acid batteries and have found extensive use in portable electronic devices, hybrid vehicles, and renewable energy storage systems.

The global market for nickel metal hydride battery is witnessing steady growth due to the rising demand for portable electronic devices such as smartphones, tablets and the increasing adoption of electric vehicles. In addition, the growing focus on renewable energy sources and the need for efficient energy storage systems are driving the market further.

Market Dynamics:

The nickel metal hydride battery market is driven by several factors. The superior energy density and long cycle life of NiMH batteries make them ideal for use in these devices.

Secondly, the adoption of electric vehicles (EVs) is on the rise globally, driving the demand for NiMH batteries. These batteries offer advantages such as higher energy density, longer range, and faster charging compared to conventional lead-acid batteries. The push towards sustainable transportation and government initiatives promoting the use of EVs are contributing to the market growth.

However, the market is not without its restraints. One major challenge faced by the NiMH battery market is the competition from lithium-ion batteries. Lithium-ion batteries offer higher energy density and longer life, making them a preferred choice for certain applications. As a result, the market for NiMH batteries faces stiff competition from lithium-ion batteries, particularly in the portable electronics segment.

Despite the challenges, the NiMH battery market presents several opportunities for growth. The increasing focus on renewable energy sources and the need for efficient energy storage systems create immense potential for NiMH batteries in the renewable energy sector. Additionally, advancements in battery technology and manufacturing processes are leading to improvements in the performance and cost-effectiveness of NiMH batteries, making them more attractive to end-users.

Key Features of the Study:

This report provides an in-depth analysis of the global nickel metal hydride battery market, including market size and compound annual growth rate for the forecast period (2025-2032).
It explores potential revenue opportunities across different segments and presents attractive investment proposition matrices for the market.
The study offers key insights into market drivers, restraints, opportunities, market trends, regional outlook, and competitive strategies adopted by key players in the market.
Key players in the market, such as Panasonic, Primearth ,EV Energy, FDK, GP Batteries, Corun , Huanyu battery , GS Yuasa , Spectrum Brands (Rayovac) , Lexel Battery (Coslight) , EPT Battery , Energizer Holdings , Great Power Energy , Duracell , Cell-Con , Highpower International , Maxell, Nanfu, PKCELL , EVE Energy.
Profiled based on company highlights, product portfolios, financial performance, and strategies.
The report caters to various stakeholders in the industry, including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Decision-makers can benefit from the insights provided in this report to make informed decisions regarding product launches, market expansion, and marketing tactics.
Various strategy matrices used in analyzing the global nickel metal hydride battery market will aid stakeholders in decision-making processes

Nickel Metal Hydride Battery Market Segmentation

By Product Type
- Small-Sized Ni-MH Battery
- Large-Sized Ni-MH Battery
- Other Product Types
By Application
- HEV
- Retail market
- Cordless phone
- Dust collector
- Personal care
- Lighting tools
- Others
By End user Industry
- Automotive Industry
- Consumer Electronics
- Industrial
- Others
By Sales Channel
- OEM
- Aftermarket
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles
- Panasonic
- Primearth EV Energy
- FDK
- GP Batteries
- Corun
- Huanyu battery
- GS Yuasa
- Spectrum Brands (Rayovac)
- Lexel Battery (Coslight)
- EPT Battery
- Energizer Holdings
- Great Power Energy
- Suppo
- Duracell
- Cell-Con
- Highpower International
- Maxell
- Nanfu
- PKCELL
- EVE Energy

Product Code: CMI6490

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Nickel Metal Hydride Battery, By Product Type
- Market Nickel Metal Hydride Battery, By Application
- Market Nickel Metal Hydride Battery, By End user Industry
- Market Nickel Metal Hydride Battery, By Sales Channel
- Market Nickel Metal Hydride Battery, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Surging demand for electric vehicles
- Restraints
- High production cost
- Opportunities
- Growing adoption in renewable energy storage
Impact Analysis
Key Highlights
Regulatory Scenario
Product launch/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario

4. Nickel Metal Hydride Battery Market - Impact of Coronavirus (COVID-19) Pandemic

COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact

5. Nickel Metal Hydride Battery Market , By Product Type, 2020-2032, (US$ Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Small-Sized Ni-MH Battery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Large-Sized Ni-MH Battery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Other Product Types
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)

6. Nickel Metal Hydride Battery Market , By Application, 2020-2032, (US$ Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021- 2032
- Segment Trends
HEV
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
Retail market
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
Cordless phone
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
Dust collector
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
Personal care
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
Lighting tools
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)

7. Nickel Metal Hydride Battery Market , By End user Industry, 2020-2032, (US$ Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021- 2032
- Segment Trends
Automotive Industry
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
Consumer Electronics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
Industrial
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)

8. Nickel Metal Hydride Battery Market , By Sales Channel, 2020-2032, (US$ Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021- 2032
- Segment Trends
OEM
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
Aftermarket
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)

9. Nickel Metal Hydride Battery Market , By Region, 2020-2032, (US$ Bn)

Introduction
- Market Share Analysis, By Country, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, For Country 2021-2032
- Country Trends
North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End user Industry, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Sales Channel, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By country , 2020-2032, (US$ Bn)
  - U.S.
  - Canada
Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End user Industry, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Sales Channel, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By country , 2020-2032, (US$ Bn)
  - Germany
  - U.K.
  - Spain
  - France
  - Italy
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End user Industry, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Sales Channel, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By country , 2020-2032, (US$ Bn)
  - China
  - India
  - Japan
  - South Korea
  - ASEAN
  - Rest of Asia Pacific
Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End user Industry, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Sales Channel, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By country , 2020-2032, (US$ Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End user Industry, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Sales Channel, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By country , 2020-2032, (US$ Bn)
  - GCC Countries
  - Israel
  - South Africa
  - North Africa
  - Central Africa
  - Rest of Middle East

10. Competitive Landscape

Panasonic
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Primearth EV Energy
FDK
GP Batteries
Corun
Huanyu battery
GS Yuasa
Spectrum Brands (Rayovac)
Lexel Battery (Coslight)
EPT Battery
Energizer Holdings
Great Power Energy
Suppo
Duracell
Cell-Con
Highpower International
Maxell
Nanfu
PKCELL
EVE Energy
Analyst Views

11. Section

Research Methodology
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