Nickel-Metal Hydride Battery Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2025

Description

Persistence Market Research has recently released a comprehensive report on the global Nickel-Metal Hydride (NiMH) Battery Market, providing an in-depth analysis of key market dynamics, including driving forces, emerging trends, opportunities, and challenges. This report offers valuable insights into the market landscape, helping stakeholders make well-informed decisions.

Key Insights:

Nickel-Metal Hydride Battery Market Size (2025E): USD 3.34 Bn
Projected Market Value (2032F): USD 4.5 Bn
Global Market Growth Rate (CAGR 2025 to 2032): 4.5%

Nickel-Metal Hydride Battery Market - Report Scope:

Nickel-Metal Hydride (NiMH) batteries are rechargeable energy storage devices commonly used in various applications, including electrical and electronic devices, automobiles, and consumer goods. These batteries offer higher energy density and better environmental sustainability compared to traditional nickel-cadmium batteries. The market is driven by increasing demand for energy-efficient solutions, eco-friendly power storage options, and the growing adoption of electric vehicles (EVs) and hybrid vehicles. NiMH batteries are particularly favored for their safety features, long life cycle, and low environmental impact.

Market Growth Drivers:

The global NiMH battery market is driven by several factors, including the growing demand for hybrid and electric vehicles (EVs), increasing use of consumer electronics, and rising awareness about environmental sustainability. Technological advancements that enhance battery performance and efficiency, along with favorable government policies promoting clean energy solutions, are further fueling market growth. Additionally, the need for reliable, long-lasting, and sustainable battery technologies in various applications contributes to the expanding demand for NiMH batteries.

Market Restraints:

Despite the promising growth, the NiMH battery market faces challenges, including higher costs compared to other battery technologies, such as lithium-ion batteries. The limited energy density of NiMH batteries compared to alternatives, as well as competition from other energy storage technologies, could hinder market expansion. Furthermore, recycling and disposal of NiMH batteries pose environmental challenges, requiring careful attention to ensure compliance with regulations.

Market Opportunities:

The NiMH battery market presents significant growth opportunities driven by the rising demand for environmentally friendly solutions and the increasing use of NiMH batteries in electric and hybrid vehicles. Innovations in battery chemistry, along with advancements in charging and discharging technologies, are opening new avenues for market growth. Expansion in the consumer electronics and renewable energy sectors further creates opportunities for NiMH battery manufacturers. Strategic partnerships and collaborations with automakers, electronic device manufacturers, and research institutions can also contribute to market expansion and innovation.

Key Questions Answered in the Report:

What are the key factors driving the global growth of the Nickel-Metal Hydride Battery market?
Which applications and regions are experiencing the highest demand for NiMH batteries?
How are technological advancements in battery chemistry and performance influencing the market?
Who are the major players in the NiMH battery market, and what strategies are they employing to remain competitive?
What are the emerging trends and future prospects in the global NiMH battery market?

Competitive Intelligence and Business Strategy:

Leading players in the global Nickel-Metal Hydride Battery market, such as Panasonic Corporation, Duracell (a subsidiary of Procter & Gamble), and Energizer Holdings, Inc., are focusing on innovation, product differentiation, and strategic collaborations to maintain a competitive edge. These companies are investing in the development of high-performance batteries, expanding production capacities, and enhancing product offerings for various industries. Collaborations with automotive manufacturers, consumer electronics companies, and other stakeholders are crucial for market growth. Emphasizing sustainability, energy efficiency, and product reliability are key strategies for leading firms to sustain their market leadership.

Key Companies Profiled:

Panasonic Corporation
Duracell (a subsidiary of Procter & Gamble)
Energizer Holdings, Inc.
GP Batteries International Limited
Spectrum Brands Holdings, Inc.
FDK Corporation
Highpower International, Inc.
Huanyu Battery Co., Ltd.
Primearth EV Energy Co., Ltd. (PEVE, a joint venture between Toyota and Panasonic)
Ansmann AG.

Nickel-Metal Hydride Battery Market Research Segmentation:

By Capacity:

Small Sized
Medium Sized
Large Sized

By Application:

Electrical & Electronics
Automobile
Consumer Goods

By Region:

North America
Europe
East Asia
South Asia & Oceania
Latin America
Middle East & Africa

Product Code: PMRREP33659

1. Executive Summary

1.1. Global Nickel-Metal Hydride Battery Market Snapshot, 2025 - 2032
1.2. Market Opportunity Assessment, 2025 - 2032, US$ Bn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Capacity Lifecycle Analysis
2.4. Nickel-Metal Hydride Battery Market: Value Chain
- 2.4.1. List of Raw Material Supplier
- 2.4.2. List of Manufacturers
- 2.4.3. List of Distributors
- 2.4.4. List of Applications
- 2.4.5. Profitability Analysis
2.5. Porter Five Force's Analysis
2.6. Geopolitical Tensions: Market Impact
2.7. Macro-Economic Factors
- 2.7.1. Global Sectorial Outlook
- 2.7.2. Global GDP Growth Outlook
- 2.7.3. Global Parent Market Overview
2.8. Forecast Factors - Relevance and Impact
2.9. Regulatory and Capacity Landscape

3. Global Nickel-Metal Hydride Battery Market Outlook: Historical (2019 - 2023) and Forecast (2025 - 2032)

3.1. Key Highlights
- 3.1.1. Market Volume (Units) Projections
- 3.1.2. Market Size and Y-o-Y Growth
- 3.1.3. Absolute $ Opportunity
3.2. Market Size (US$ Bn) Analysis and Forecast
- 3.2.1. Historical Market Size Analysis, 2019 - 2023
- 3.2.2. Current Market Size Forecast, 2025 - 2032
3.3. Global Nickel-Metal Hydride Battery Market Outlook: Capacity
- 3.3.1. Introduction / Key Findings
- 3.3.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Capacity, 2019 - 2023
- 3.3.3. Current Market Size (US$ Bn) and Volume (Units) Forecast By Capacity, 2025 - 2032
  - 3.3.3.1. Small Sized
  - 3.3.3.2. Medium Sized
  - 3.3.3.3. Large Sized
3.4. Market Attractiveness Analysis: Capacity
3.5. Global Nickel-Metal Hydride Battery Market Outlook: Application
- 3.5.1. Introduction / Key Findings
- 3.5.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Application, 2019 - 2023
- 3.5.3. Current Market Size (US$ Bn) and Volume (Units) Forecast By Application, 2025 - 2032
  - 3.5.3.1. Electrical & Electronics
  - 3.5.3.2. Automobile
  - 3.5.3.3. Consumer Goods
3.6. Market Attractiveness Analysis: Application

4. Global Nickel-Metal Hydride Battery Market Outlook: Region

4.1. Key Highlights
4.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Region, 2019 - 2023
4.3. Current Market Size (US$ Bn) and Volume (Units) Forecast By Region, 2025 - 2032
- 4.3.1. North America
- 4.3.2. Europe
- 4.3.3. East Asia
- 4.3.4. South Asia and Oceania
- 4.3.5. Latin America
- 4.3.6. Middle East & Africa (MEA)
4.4. Market Attractiveness Analysis: Region

5. North America Nickel-Metal Hydride Battery Market Outlook: Historical (2019 - 2023) and Forecast (2025 - 2032)

5.1. Key Highlights
5.2. Pricing Analysis
5.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Market, 2019 - 2023
- 5.3.1. By Country
- 5.3.2. By Capacity
- 5.3.3. By Application
5.4. Current Market Size (US$ Bn) and Volume (Units) Forecast By Country, 2025 - 2032
- 5.4.1. U.S.
- 5.4.2. Canada
5.5. Current Market Size (US$ Bn) and Volume (Units) Forecast By Capacity, 2025 - 2032
- 5.5.1. Small Sized
- 5.5.2. Medium Sized
- 5.5.3. Large Sized
5.6. Current Market Size (US$ Bn) and Volume (Units) Forecast By Application, 2025 - 2032
- 5.6.1. Electrical & Electronics
- 5.6.2. Automobile
- 5.6.3. Consumer Goods
5.7. Market Attractiveness Analysis

6. Europe Nickel-Metal Hydride Battery Market Outlook: Historical (2019 - 2023) and Forecast (2025 - 2032)

6.1. Key Highlights
6.2. Pricing Analysis
6.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Market, 2019 - 2023
- 6.3.1. By Country
- 6.3.2. By Capacity
- 6.3.3. By Application
6.4. Current Market Size (US$ Bn) and Volume (Units) Forecast By Country, 2025 - 2032
- 6.4.1. Germany
- 6.4.2. France
- 6.4.3. U.K.
- 6.4.4. Italy
- 6.4.5. Spain
- 6.4.6. Russia
- 6.4.7. Turkiye
- 6.4.8. Rest of Europe
6.5. Current Market Size (US$ Bn) and Volume (Units) Forecast By Capacity, 2025 - 2032
- 6.5.1. Small Sized
- 6.5.2. Medium Sized
- 6.5.3. Large Sized
6.6. Current Market Size (US$ Bn) and Volume (Units) Forecast By Application, 2025 - 2032
- 6.6.1. Electrical & Electronics
- 6.6.2. Automobile
- 6.6.3. Consumer Goods
6.7. Market Attractiveness Analysis

7. East Asia Nickel-Metal Hydride Battery Market Outlook: Historical (2019 - 2023) and Forecast (2025 - 2032)

7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Market, 2019 - 2023
- 7.3.1. By Country
- 7.3.2. By Capacity
- 7.3.3. By Application
7.4. Current Market Size (US$ Bn) and Volume (Units) Forecast By Country, 2025 - 2032
- 7.4.1. China
- 7.4.2. Japan
- 7.4.3. South Korea
7.5. Current Market Size (US$ Bn) and Volume (Units) Forecast By Capacity, 2025 - 2032
- 7.5.1. Small Sized
- 7.5.2. Medium Sized
- 7.5.3. Large Sized
7.6. Current Market Size (US$ Bn) and Volume (Units) Forecast By Application, 2025 - 2032
- 7.6.1. Electrical & Electronics
- 7.6.2. Automobile
- 7.6.3. Consumer Goods
7.7. Market Attractiveness Analysis

8. South Asia & Oceania Nickel-Metal Hydride Battery Market Outlook: Historical (2019 - 2023) and Forecast (2025 - 2032)

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Market, 2019 - 2023
- 8.3.1. By Country
- 8.3.2. By Capacity
- 8.3.3. By Application
8.4. Current Market Size (US$ Bn) and Volume (Units) Forecast By Country, 2025 - 2032
- 8.4.1. India
- 8.4.2. Southeast Asia
- 8.4.3. ANZ
- 8.4.4. Rest of South Asia & Oceania
8.5. Current Market Size (US$ Bn) and Volume (Units) Forecast By Capacity, 2025 - 2032
- 8.5.1. Small Sized
- 8.5.2. Medium Sized
- 8.5.3. Large Sized
8.6. Current Market Size (US$ Bn) and Volume (Units) Forecast By Application, 2025 - 2032
- 8.6.1. Electrical & Electronics
- 8.6.2. Automobile
- 8.6.3. Consumer Goods
8.7. Market Attractiveness Analysis

9. Latin America Nickel-Metal Hydride Battery Market Outlook: Historical (2019 - 2023) and Forecast (2025 - 2032)

9.1. Key Highlights
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Market, 2019 - 2023
- 9.3.1. By Country
- 9.3.2. By Capacity
- 9.3.3. By Application
9.4. Current Market Size (US$ Bn) and Volume (Units) Forecast By Country, 2025 - 2032
- 9.4.1. Brazil
- 9.4.2. Mexico
- 9.4.3. Rest of Latin America
9.5. Current Market Size (US$ Bn) and Volume (Units) Forecast By Capacity, 2025 - 2032
- 9.5.1. Small Sized
- 9.5.2. Medium Sized
- 9.5.3. Large Sized
9.6. Current Market Size (US$ Bn) and Volume (Units) Forecast By Application, 2025 - 2032
- 9.6.1. Electrical & Electronics
- 9.6.2. Automobile
- 9.6.3. Consumer Goods
9.7. Market Attractiveness Analysis

10. Middle East & Africa Nickel-Metal Hydride Battery Market Outlook: Historical (2019 - 2023) and Forecast (2025 - 2032)

10.1. Key Highlights
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Market, 2019 - 2023
- 10.3.1. By Country
- 10.3.2. By Capacity
- 10.3.3. By Application
10.4. Current Market Size (US$ Bn) and Volume (Units) Forecast By Country, 2025 - 2032
- 10.4.1. GCC
- 10.4.2. Egypt
- 10.4.3. South Africa
- 10.4.4. Northern Africa
- 10.4.5. Rest of Middle East & Africa
10.5. Current Market Size (US$ Bn) and Volume (Units) Forecast By Capacity, 2025 - 2032
- 10.5.1. Small Sized
- 10.5.2. Medium Sized
- 10.5.3. Large Sized
10.6. Current Market Size (US$ Bn) and Volume (Units) Forecast By Application, 2025 - 2032
- 10.6.1. Electrical & Electronics
- 10.6.2. Automobile
- 10.6.3. Consumer Goods
10.7. Market Attractiveness Analysis

11. Competition Landscape

11.1. Market Share Analysis, 2023
11.2. Market Structure
- 11.2.1. Competition Intensity Mapping By Market
- 11.2.2. Competition Dashboard
- 11.2.3. Apparent Product Capacity
11.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 11.3.1. Panasonic Corporation.
  - 11.3.1.1. Overview
  - 11.3.1.2. Segments and Product
  - 11.3.1.3. Key Financials
  - 11.3.1.4. Market Developments
  - 11.3.1.5. Market Strategy
- 11.3.2. Duracell (a subsidiary of Procter & Gamble)
  - 11.3.2.1. Overview
  - 11.3.2.2. Segments and Product
  - 11.3.2.3. Key Financials
  - 11.3.2.4. Market Developments
  - 11.3.2.5. Market Strategy
- 11.3.3. Energizer Holdings, Inc.
  - 11.3.3.1. Overview
  - 11.3.3.2. Segments and Product
  - 11.3.3.3. Key Financials
  - 11.3.3.4. Market Developments
  - 11.3.3.5. Market Strategy
- 11.3.4. GP Batteries International Limited
  - 11.3.4.1. Overview
  - 11.3.4.2. Segments and Product
  - 11.3.4.3. Key Financials
  - 11.3.4.4. Market Developments
  - 11.3.4.5. Market Strategy
- 11.3.5. Spectrum Brands Holdings, Inc.
  - 11.3.5.1. Overview
  - 11.3.5.2. Segments and Product
  - 11.3.5.3. Key Financials
  - 11.3.5.4. Market Developments
  - 11.3.5.5. Market Strategy
- 11.3.6. FDK Corporation
  - 11.3.6.1. Overview
  - 11.3.6.2. Segments and Product
  - 11.3.6.3. Key Financials
  - 11.3.6.4. Market Developments
  - 11.3.6.5. Market Strategy
- 11.3.7. Highpower International, Inc.
  - 11.3.7.1. Overview
  - 11.3.7.2. Segments and Product
  - 11.3.7.3. Key Financials
  - 11.3.7.4. Market Developments
  - 11.3.7.5. Market Strategy
- 11.3.8. Huanyu Battery Co., Ltd.
  - 11.3.8.1. Overview
  - 11.3.8.2. Segments and Product
  - 11.3.8.3. Key Financials
  - 11.3.8.4. Market Developments
  - 11.3.8.5. Market Strategy
- 11.3.9. Primearth EV Energy Co., Ltd. (PEVE, a joint venture between Toyota and Panasonic)
  - 11.3.9.1. Overview
  - 11.3.9.2. Segments and Product
  - 11.3.9.3. Key Financials
  - 11.3.9.4. Market Developments
  - 11.3.9.5. Market Strategy
- 11.3.10. Ansmann AG.
  - 11.3.10.1. Overview
  - 11.3.10.2. Segments and Product
  - 11.3.10.3. Key Financials
  - 11.3.10.4. Market Developments
  - 11.3.10.5. Market Strategy

12. Appendix

12.1. Research Methodology
12.2. Research Assumptions
12.3. Acronyms and Abbreviations

Nickel-Metal Hydride Battery Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2025 - 2032