The Nickel Metal Hydride Batteries Global Market Report 2023 by The Business Research Company, provides nickel metal hydride batteries market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Nickel Metal Hydride Batteries Global Market Report 2023, the market size will grow from $3.13 billion in 2022 to $3.54 billion in 2023 at a compound annual growth rate (CAGR) of 13.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global nickel metal hydride batteries is expected to grow to $5.59 billion in 2027 at a CAGR of 12.1%.
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 are essential for electric vehicles.
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The nickel metal hydride batteries market is segmented:
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
3) By Sales Channel: OEM, Aftermarket
Recent developments in NiMH battery manufacturing have improved the lifespan of nickel-metal hydride batteries. The electro-positivity of the A-elements makes them easy to corrode in the alkaline electrolyte used in NiMH batteries. A thin protective layer is used on alloy particles to improve the reaction kinetics and corrosion stability of conventional NiMH batteries. For instance, Researchers at Stockholm University, a Swedish public university, have developed metal hydride surface structures for NiMH batteries to extend cycle life.
The nickel metal hydride batteries market report table of contents includes:
1. Executive Summary
2. Nickel Metal Hydride Batteries Market Characteristics
3. Nickel Metal Hydride Batteries Market Trends And Strategies
4. Nickel Metal Hydride Batteries Market – Macro Economic Scenario
5. Nickel Metal Hydride Batteries Market Size And Growth
………………
26. Africa Nickel Metal Hydride Batteries Market
27. Nickel Metal Hydride Batteries Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Nickel Metal Hydride Batteries Market
29. Nickel Metal Hydride Batteries Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
Duracell
Energizer Holdings
Panasonic
Primearth EV Energy
Spectrum Brands
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