Nickel
Metal Hydride Battery Market Outlook
Nickel Metal Hydride Battery market size was valued at USD 1.4 billion in 2023 and is estimated to reach a value of USD 2.5 billion by 2035 with a CAGR of 4.7% during the forecast period 2024-2035.
The nickel-metal
hydride (NiMH) battery market is influenced by factors such as technological
advancements, increasing demand for rechargeable batteries, and the growing
adoption of hybrid electric vehicles (HEVs). Innovations in battery efficiency
and recycling processes are likely to drive growth. However, competition from
lithium-ion batteries, which offer higher energy density and faster charging,
presents a challenge. Environmental regulations and consumer preference for
sustainable solutions may also impact the market. As NiMH batteries continue to
serve niche applications and evolving industrial needs, their market forecast
will hinge on these dynamic factors and competitive pressures.
Key trends in
the nickel-metal hydride (NiMH) battery market include the increasing focus on
sustainability and environmental impact, driving demand for recyclable and less
toxic battery solutions. Technological improvements are enhancing battery
efficiency and extending life cycles, making NiMH batteries more competitive.
The automotive sector's growth, particularly in hybrid electric vehicles
(HEVs), continues to support market expansion. Additionally, there is a rising
interest in NiMH batteries for renewable energy storage due to their safety and
durability. However, competition from lithium-ion batteries, which offer higher
energy density and faster charging, remains a significant market challenge.
Key
Insights
On the basis of Type,
Nickel Metal Hydride Battery market share is dominated by AA with a key stake
of 46% in 2023. In the AA NiMH battery segment, key trends include increasing
demand for rechargeable solutions driven by environmental concerns and cost
savings. Enhanced battery performance and longer life cycles are improving the
appeal of AA NiMH batteries for consumer electronics like remote controls,
toys, and portable devices. Advances in technology are reducing charge times
and improving energy density, making these batteries more competitive.
Additionally, the shift towards eco-friendly products and growing recycling
initiatives are boosting the adoption of AA NiMH batteries. However,
competition from lithium-ion batteries, which offer superior energy density,
continues to challenge the market.
In terms of
region, North America dominated the Nickel Metal Hydride Battery market in
terms of volume with a key stake of 48.5% in 2023. In North America, key trends
in the nickel-metal hydride (NiMH) battery market include a growing emphasis on
eco-friendly and sustainable energy solutions, spurred by regulatory pressures
and consumer demand for greener products. The automotive sector is a
significant driver, with increased adoption of hybrid electric vehicles (HEVs)
requiring NiMH batteries. Technological advancements are improving battery
performance and reducing costs. Additionally, there is a rising interest in
renewable energy storage solutions, where NiMH batteries are valued for their
safety and longevity. Despite these trends, competition from lithium-ion
batteries poses a challenge due to their higher energy density and efficiency.
Nickel Metal Hydride Battery Market Data and Dashboard
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platform comes with an all-inclusive dashboard, giving clients valuable
insights into market trends spanning several years. You can take a look at a
sample image of our dashboard below, and we'll provide specific PDF logins to
give you access to this insightful tool.
Market Dynamics
The growing use of consumer electronics such as remote controls, cordless phones, and toys supports steady demand for AA and AAA NiMH batteries.
The growing use
of consumer electronics, including remote controls, cordless phones, and toys,
is a key driver of steady demand for AA and AAA NiMH batteries. These devices
often require reliable and long-lasting power sources, making NiMH batteries a
popular choice due to their rechargeable nature and environmental benefits.
Remote controls,
ubiquitous in households, frequently use AA batteries, while AAA batteries are
commonly found in smaller electronics and gadgets. Cordless phones, which are
prevalent in both residential and commercial settings, also rely on AA or AAA
NiMH batteries for their dependable performance and cost-effectiveness. In
addition, the toy industry benefits from NiMH batteries' ability to provide
consistent power, essential for maintaining device functionality and safety.
According to We Market, the global market for rechargeable batteries, including
NiMH, is projected to grow at a compound annual growth rate (CAGR) of
approximately 6% from 2021 to 2026.
The expanding market for renewable energy storage
solutions benefits from NiMH batteries' reliability and safety in applications
like solar and wind power storage.
The expanding
market for renewable energy storage solutions significantly benefits from the
reliability and safety of nickel-metal hydride (NiMH) batteries, particularly
in applications like solar and wind power storage. As the global shift towards
renewable energy intensifies, efficient and dependable energy storage becomes
crucial for managing intermittent power sources and ensuring a steady supply of
electricity. NiMH batteries are valued for their robustness, long cycle life,
and safe operation compared to other battery technologies. They can handle high
charge and discharge rates, making them suitable for energy storage systems
that need to balance supply and demand. Their relatively high tolerance to
temperature fluctuations and their lower environmental impact further enhance
their appeal for renewable energy applications.
Factors |
Value |
Category |
Energy and Power |
Pages |
410 |
Table Count |
260 |
Chart Count |
180 |
Companies Count |
20 |
Countries Count |
50 |
Report Type |
Published |
Report Region |
Global |
Largest Market |
North America |
Fastest Growing Market |
APAC |
Base Year |
2023 |
Market Size in Base Year |
1.4 Billion |
CAGR (2024-2035) |
4.70% |
Forecast Year |
2024-2035 |
Historical Year |
2019-2022 |
Market Size in 2034 |
2.4 Billion |
Countries Covered |
U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, Turkey, Israel, China, Japan, India, South Korea, Australia, SEA, Brazil, Chile, Argentina, Saudi Arabia, UAE, Qatar, South
Africa, Rest of World. |
Region Covered |
North America, Europe, APAC, South America, Middle East and
Africa |
Key Drivers |
The growing use of consumer electronics such as remote controls, cordless phones, and toys supports steady demand for AA and AAA NiMH batteries. The expanding market for renewable energy storage solutions benefits from NiMH batteries' reliability and safety in applications like solar and wind power storage. |
Segments Covered |
Type, application, capacity and end user. |
Market Analysis by Type
Based on type, Nickel
Metal Hydride Battery industry is segmented into A, AA, AAA, C, D, Others.
AA based Nickel Metal Hydride Battery segment gained a share of 46% in 2023 and is estimated to reach a market share of 47.10% by 2035.
In the AA NiMH
battery segment, key trends highlight significant shifts in consumer
preferences and technological advancements. The demand for AA NiMH batteries
remains strong due to their widespread use in consumer electronics like remote
controls, cordless phones, and various household gadgets. Consumers
increasingly prioritize rechargeable solutions to reduce waste and lower
long-term costs, driving the growth of AA NiMH batteries. Technological
improvements are enhancing these batteries' performance, with advancements in
energy density, longer lifespan, and faster charging capabilities making them
more competitive. Additionally, increased environmental awareness and
regulatory pressures favor rechargeable batteries over single-use alternatives.
The market also benefits from ongoing innovations in battery chemistry, which
improve safety and efficiency. The segment is expected to continue growing as
consumers and manufacturers shift towards more sustainable energy solutions.
Moreover, initiatives to improve recycling processes and reduce environmental
impact further support the adoption of AA NiMH batteries, solidifying their
role in the rechargeable battery market.
Segments |
Values |
By Application |
·     Â
Cameras ·     Â
Remote Controls ·     Â
Toys ·     Â
Cordless Phones ·     Â
Other Small Devices ·     Â
Hybrid Electric Vehicles
(HEVs) ·     Â
Plug-in Hybrid Electric
Vehicles (PHEVs) ·     Â
Electric Bicycles ·     Â
Electric Scooters ·     Â
Power Tools ·     Â
Medical Devices ·     Â
Industrial Equipment ·     Â
Solar Power Storage ·     Â
Wind Power Storage ·     Â
Military Applications ·     Â
Aerospace Applications |
By Capacity |
·     Â
Less than 1,000 mAh
(milliampere-hour) ·     Â
1,000 mAh to 2,000 mAh ·     Â
More than 2,000 mAh |
By End User |
·     Â
Automotive Manufacturers ·     Â
Electronics Manufacturers ·     Â
Replacement Batteries ·     Â
Consumer Purchases for
Devices |
Market Analysis by Region
Nickel Metal
Hydride Battery Market analysis includes the statistics of major geographies
such as North America, Europe, Asia Pacific, South America and MEA.
In terms of Nickel Metal Hydride Battery market statistics, North America acquired a market value of USD 0.725 billion in 2023 and is estimated to reach a value of USD 1.24 billion by 2035 with a CAGR of 4.6% during the forecast period.
In North
America, key trends in the nickel-metal hydride (NiMH) battery market reflect
broader shifts in technology, consumer preferences, and regulatory pressures.
The growing focus on sustainability and environmental impact drives the
adoption of NiMH batteries, particularly as consumers and businesses seek
eco-friendly alternatives to disposable batteries. NiMH batteries are valued
for their relatively low environmental footprint compared to other
technologies, such as nickel-cadmium (NiCd) batteries, and their recyclability
aligns with increasing emphasis on reducing electronic waste.
The automotive
sector is a significant driver of NiMH battery demand in North America. The
continued expansion of hybrid electric vehicles (HEVs) and plug-in hybrid
electric vehicles (PHEVs) underscores the importance of NiMH batteries due to
their safety, reliability, and cost-effectiveness. Major automotive
manufacturers, including Toyota and Honda, use NiMH batteries in their HEV
models, contributing to sustained market growth. As these vehicles become more
popular, the demand for NiMH batteries is expected to rise.
Technological
advancements also play a crucial role in shaping the North American NiMH
battery market. Innovations aimed at improving energy density, extending
battery life, and reducing charging times enhance the appeal of NiMH batteries
in various applications. Additionally, the market benefits from increased
investments in research and development, leading to more efficient and
affordable NiMH solutions.
Furthermore, North America’s regulatory environment supports the adoption of rechargeable batteries through policies that encourage the use of sustainable technologies. This regulatory support, combined with consumer awareness of environmental issues, promotes the growth of NiMH batteries.
Despite these positive trends, NiMH batteries face competition from lithium-ion (Li-ion) technologies, which offer higher energy density and faster charging times. However, NiMH batteries remain a strong choice for specific applications where safety, cost, and environmental considerations are prioritized.
In Europe, key
trends in the nickel-metal hydride (NiMH) battery market are shaped by strong
environmental regulations, technological advancements, and shifting consumer
preferences. The European emphasis on sustainability and reducing electronic
waste drives the demand for rechargeable batteries like NiMH, which are seen as
more environmentally friendly compared to disposable alternatives. Regulatory
frameworks, such as the European Union’s Battery Directive, support the use of
sustainable battery technologies and encourage recycling.
The automotive
sector in Europe also significantly impacts the NiMH market. The rise in hybrid
electric vehicles (HEVs) and plug-in hybrid electric vehicles (PHEVs), driven
by stringent emission regulations and government incentives, boosts demand for
NiMH batteries due to their reliability and cost-effectiveness. European
automotive manufacturers, such as BMW and Toyota, use NiMH batteries in their
vehicle models, contributing to market growth.
Technological
advancements in NiMH batteries, including improvements in energy density,
charging efficiency, and cycle life, are enhancing their competitiveness.
Additionally, the focus on developing new applications for NiMH batteries in
renewable energy storage aligns with Europe’s push for increased use of clean
energy sources.
Despite the
growing competition from lithium-ion batteries, which offer higher energy
density and faster charging, NiMH batteries continue to hold a valuable
position in Europe’s battery market due to their environmental benefits and
regulatory support. The combination of these factors ensures that NiMH
batteries remain a relevant and growing segment in the European market.
Competitive Landscape
Key companies operating within the Nickel Metal
Hydride Battery market are: Panasonic, Primearth EV
Energy, FDK, GP Batteries, Corun, Huanyu battery, GS Yuasa, Spectrum Brands
(Rayovac), Lexel Battery (Coslight), EPT Battery, Duracell, Cell-Con, Highpower
International, Maxell, Nanfu, PKCELL, EVE Energy.
Recent Developments
In March 2022,
FDK Corporation introduced the new NiMH battery model "HR-AAUTEWM,"
designed for a wide range of applications including security systems, medical
devices, and automotive uses such as tracking devices, e-call systems,
dashboard cameras, and car alarms.
Earlier, in June
2021, FDK Corporation launched another NiMH battery, the "HR-AAUTEW,"
targeting similar applications in tracking, e-call, dashboard cameras, and car
alarms.
1.    Â
Global
Nickel Metal Hydride Batteries Market Introduction and Market Overview
1.1.   Objectives of the Study
1.2.   Global Nickel Metal Hydride
Batteries Market Scope and Market Estimation
1.2.1.Global Nickel Metal Hydride
Batteries Overall Market Size, Revenue (US$ Mn) & Sales (Units), Market
CAGR (%), Market forecast (2024 - 2035)
1.2.2.Global Nickel Metal Hydride
Batteries Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2035
1.3.   Market Segmentation
1.3.1.Capacity of Global Nickel Metal
Hydride Batteries Market
1.3.2.Application of Global Nickel
Metal Hydride Batteries Market
1.3.3.Type of Global Nickel Metal
Hydride Batteries Market
1.3.4.End User of Global Nickel Metal
Hydride Batteries Market
1.3.5.Region of Global Nickel Metal
Hydride Batteries Market
2.    Â
Executive Summary
2.1.   Market Dynamics
2.1.1.Drivers
2.1.2.Limitations
2.1.3.Opportunities
2.1.4.Impact Analysis of Drivers and
Restraints
2.2.   Pricing Trends Analysis &
Average Selling Prices (ASPs)
2.3.   Key Mergers & Acquisitions,
Expansions, JVs, Funding / VCs, etc.
2.4.   Porter’s Five Forces Analysis
2.4.1.Bargaining Power of Suppliers
2.4.2.Bargaining Power of Buyers
2.4.3.Threat of Substitutes
2.4.4.Threat of New Entrants
2.4.5.Competitive Rivalry
2.5.   Value Chain / Ecosystem Analysis
2.6.   Patent Analysis
2.7.   Case Study Analysis
2.8.   Economic Downturn Analysis
2.9.   Production Analysis and Capacity
2.10. Market Investment Opportunity
Analysis (Top Investment Pockets), By Segments & By Region
3.    Â
Global Nickel Metal Hydride
Batteries Market Estimates &
Historical Trend Analysis (2019 - 2022)
4.    Â
Global Nickel Metal Hydride
Batteries Market Estimates &
Forecast Trend Analysis, by Type
4.1.   Global Nickel Metal Hydride
Batteries Market Revenue (US$ Mn) & Sales (Units) Estimates and Forecasts, by
Type, 2019 to 2035
4.1.1.A
4.1.2.AA
4.1.3.AAA
4.1.4.C
4.1.5.D
4.1.6.Others
5.    Â
Global Nickel Metal Hydride
Batteries Market Estimates &
Forecast Trend Analysis, by Capacity
5.1.   Global Nickel Metal Hydride Batteries
Market Revenue (US$ Mn) & Sales (Units) Estimates and Forecasts, by Capacity,
2019 to 2035
5.1.1.Less than 1,000 mAh
(milliampere-hour)
5.1.2.1,000 mAh to 2,000 mAh
5.1.3.More than 2,000 mAh
6.    Â
Global Nickel Metal Hydride
Batteries Market Estimates &
Forecast Trend Analysis, by Application
6.1.   Global Nickel Metal Hydride
Batteries Market Revenue (US$ Mn) & Sales (Units) Estimates and Forecasts, by
Application, 2019 to 2035
6.1.1.Cameras
6.1.2.Remote Controls
6.1.3.Toys
6.1.4.Cordless Phones
6.1.5.Other Small Devices
6.1.6.Hybrid Electric Vehicles (HEVs)
6.1.7.Plug-in Hybrid Electric Vehicles
(PHEVs)
6.1.8.Electric Bicycles
6.1.9.Electric Scooters
6.1.10.   Power Tools
6.1.11.   Medical Devices
6.1.12.   Industrial Equipment
6.1.13.   Solar Power Storage
6.1.14.   Wind Power Storage
6.1.15.   Military Applications
6.1.16.   Aerospace Applications
7.    Â
Global Nickel Metal Hydride
Batteries Market Estimates &
Forecast Trend Analysis, by End User
7.1.   Global Nickel Metal Hydride
Batteries Market Revenue (US$ Mn) & Sales (Units) Estimates and Forecasts, by
End User, 2019 to 2035
7.1.1.Automotive Manufacturers
7.1.2.Electronics Manufacturers
7.1.3.Replacement Batteries
7.1.4.Consumer Purchases for Devices
8.    Â
Global Nickel Metal Hydride
Batteries Market Estimates &
Forecast Trend Analysis, by Region
8.1.  Â
Global
Nickel Metal Hydride Batteries Market Revenue (US$ Mn) & Sales (Units) Estimates
and Forecasts, by Region, 2019 to 2035
8.1.1.North America
8.1.2.Europe
8.1.3.Asia Pacific
8.1.4.Middle East & Africa
8.1.5.South America
9.    Â
North
America Nickel Metal Hydride Batteries Market: Estimates & Forecast Trend Analysis
9.1.  Â
North
America Nickel Metal Hydride Batteries Market Assessments & Key Findings
9.1.1.North America Nickel Metal
Hydride Batteries Market Introduction
9.1.2.North America Nickel Metal
Hydride Batteries Market Size Estimates and Forecast (US$ Million) (2019 - 2035)
9.1.2.1.  By Application
9.1.2.2.  By Capacity
9.1.2.3.  By Technology
9.1.2.4.  By Type
9.1.2.5.  By Country
9.1.2.5.1.    The U.S.
9.1.2.5.1.1.  Â
By Application
9.1.2.5.1.2.  Â
By Capacity
9.1.2.5.1.3.  Â
By Technology
9.1.2.5.1.4.  Â
By Type
9.1.2.5.2.    Canada
9.1.2.5.2.1.     Â
By Application
9.1.2.5.2.2.     Â
By Capacity
9.1.2.5.2.3.     Â
By Technology
9.1.2.5.2.4.     Â
By Type
9.1.2.5.3.    Mexico
9.1.2.5.3.1.     Â
By Application
9.1.2.5.3.2.     Â
By Capacity
9.1.2.5.3.3.     Â
By Technology
9.1.2.5.3.4.     Â
By Type
10. Europe Nickel
Metal Hydride Batteries Market:
Estimates & Forecast Trend Analysis
10.1. Europe Nickel Metal Hydride
Batteries Market Assessments & Key Findings
10.1.1.  Europe Nickel Metal Hydride
Batteries Market Introduction
10.1.2.  Europe Nickel Metal Hydride
Batteries Market Size Estimates and Forecast (US$ Million) (2019 - 2035)
10.1.2.1.   By Application
10.1.2.2.   By Capacity
10.1.2.3.   By Technology
10.1.2.4.   By Type
10.1.2.5.   By Country
10.1.2.5.1. Germany
10.1.2.5.1.1.By
Application
10.1.2.5.1.2.By
Capacity
10.1.2.5.1.3.By
Technology
10.1.2.5.1.4.By
Type
10.1.2.5.2. U.K.
10.1.2.5.2.1.By
Application
10.1.2.5.2.2.By
Capacity
10.1.2.5.2.3.By
Technology
10.1.2.5.2.4.By
Type
10.1.2.5.3. France
10.1.2.5.3.1. Â
By Application
10.1.2.5.3.2. Â
By Capacity
10.1.2.5.3.3. Â
By Technology
10.1.2.5.3.4. Â
By Type
10.1.2.5.4. Italy
10.1.2.5.4.1. Â
By Application
10.1.2.5.4.2. Â
By Capacity
10.1.2.5.4.3. Â
By Technology
10.1.2.5.4.4. Â
By Type
10.1.2.5.5. Spain
10.1.2.5.5.1. Â
By Application
10.1.2.5.5.2. Â
By Capacity
10.1.2.5.5.3. Â
By Technology
10.1.2.5.5.4. Â
By Type
10.1.2.5.6. Russia
10.1.2.5.6.1. Â
By Application
10.1.2.5.6.2. Â
By Capacity
10.1.2.5.6.3. Â
By Technology
10.1.2.5.6.4. Â
By Type
10.1.2.5.7. Rest of Europe
10.1.2.5.7.1. Â
By Application
10.1.2.5.7.2. Â
By Capacity
10.1.2.5.7.3. Â
By Technology
10.1.2.5.7.4. Â
By Type
11. Asia Pacific Nickel
Metal Hydride Batteries Market:
Estimates & Forecast Trend Analysis
11.1. Asia Pacific Market Assessments
& Key Findings
11.1.1.   Asia Pacific Nickel Metal
Hydride Batteries Market Introduction
11.1.2.   Asia Pacific Nickel Metal
Hydride Batteries Market Size Estimates and Forecast (US$ Million) (2019 - 2035)
11.1.2.1.   By Application
11.1.2.2.   By Capacity
11.1.2.3.   By Technology
11.1.2.4.   By Type
11.1.2.5.   By Country
11.1.2.5.1. China
11.1.2.5.1.1. Â
By Application
11.1.2.5.1.2. Â
By Capacity
11.1.2.5.1.3. Â
By Technology
11.1.2.5.1.4. Â
By Type
11.1.2.5.2. Japan
11.1.2.5.2.1. Â
By Application
11.1.2.5.2.2. Â
By Capacity
11.1.2.5.2.3. Â
By Technology
11.1.2.5.2.4. Â
By Type
11.1.2.5.3. India
11.1.2.5.3.1. Â
By Application
11.1.2.5.3.2. Â
By Capacity
11.1.2.5.3.3. Â
By Technology
11.1.2.5.3.4. Â
By Type
11.1.2.5.4. Australia
11.1.2.5.4.1. Â
By Application
11.1.2.5.4.2. Â
By Capacity
11.1.2.5.4.3. Â
By Technology
11.1.2.5.4.4. Â
By Type
11.1.2.5.5. South Korea
11.1.2.5.5.1. Â
By Application
11.1.2.5.5.2. Â
By Capacity
11.1.2.5.5.3. Â
By Technology
11.1.2.5.5.4. Â
By Type
11.1.2.5.5.5.  Â
11.1.2.5.6. ASEAN
11.1.2.5.6.1. Â
By Application
11.1.2.5.6.2. Â
By Capacity
11.1.2.5.6.3. Â
By Technology
11.1.2.5.6.4. Â
By Type
11.1.2.5.7. Rest of Asia Pacific
11.1.2.5.7.1. Â
By Application
11.1.2.5.7.2. Â
By Capacity
11.1.2.5.7.3. Â
By Technology
11.1.2.5.7.4. Â
By Type
12. Middle East & Africa Nickel
Metal Hydride Batteries Market:
Estimates & Forecast Trend Analysis
12.1. Middle East & Africa Market
Assessments & Key Findings
12.1.1.  Middle
East & Africa Nickel
Metal Hydride Batteries Market Introduction
12.1.2.  Middle
East & Africa Nickel
Metal Hydride Batteries Market Size Estimates and Forecast (US$ Million) (2019
- 2035)
12.1.2.1.   By Application
12.1.2.2.   By Capacity
12.1.2.3.   By Technology
12.1.2.4.   By Type
12.1.2.5.   By Country
12.1.2.5.1. U.A.E.
12.1.2.5.1.1.  Â
By Application
12.1.2.5.1.2.  Â
By Capacity
12.1.2.5.1.3.  Â
By Technology
12.1.2.5.1.4.  Â
By Type
12.1.2.5.2. Saudi Arabia
12.1.2.5.2.1.  Â
By Application
12.1.2.5.2.2.  Â
By Capacity
12.1.2.5.2.3.  Â
By Technology
12.1.2.5.2.4.  Â
By Type
12.1.2.5.3. Egypt
12.1.2.5.3.1.  Â
By Application
12.1.2.5.3.2.  Â
By Capacity
12.1.2.5.3.3.  Â
By Technology
12.1.2.5.3.4.  Â
By Type
12.1.2.5.4. South Africa
12.1.2.5.4.1.  Â
By Application
12.1.2.5.4.2.  Â
By Capacity
12.1.2.5.4.3.  Â
By Technology
12.1.2.5.4.4.  Â
By Type
12.1.2.5.5. Rest of Middle East & Africa
12.1.2.5.5.1.  Â
By Application
12.1.2.5.5.2.  Â
By Capacity
12.1.2.5.5.3.  Â
By Technology
12.1.2.5.5.4.  Â
By Type
13. South America
Nickel Metal Hydride Batteries Market:
Estimates & Forecast Trend Analysis
13.1. South America Market Assessments
& Key Findings
13.1.1.  South America Nickel Metal
Hydride Batteries Market Introduction
13.1.2.  South America Nickel Metal
Hydride Batteries Market Size Estimates and Forecast (US$ Million) (2019 - 2035)
13.1.2.1.   By Application
13.1.2.2.   By Capacity
13.1.2.3.   By Technology
13.1.2.4.   By Type
13.1.2.5.   By Country
13.1.2.5.1. Brazil
13.1.2.5.1.1.  Â
By Application
13.1.2.5.1.2.  Â
By Capacity
13.1.2.5.1.3.  Â
By Technology
13.1.2.5.1.4.  Â
By Type
13.1.2.5.2. Argentina
13.1.2.5.2.1.  Â
By Application
13.1.2.5.2.2.  Â
By Capacity
13.1.2.5.2.3.  Â
By Technology
13.1.2.5.2.4.  Â
By Type
13.1.2.5.3. Colombia
13.1.2.5.3.1.  Â
By Application
13.1.2.5.3.2.  Â
By Capacity
13.1.2.5.3.3.  Â
By Technology
13.1.2.5.3.4.  Â
By Type
13.1.2.5.4. Rest of South America
13.1.2.5.4.1.  Â
By Application
13.1.2.5.4.2.  Â
By Capacity
13.1.2.5.4.3.  Â
By Technology
13.1.2.5.4.4.  Â
By Type
14. Competition Landscape
14.1. Global Nickel Metal Hydride
Batteries Market Competition Matrix & Benchmarking, by Leading Players /
Innovators / Emerging Players / New Entrants
14.2. Global Nickel Metal Hydride
Batteries Market Competition White Space Analysis, By Technology
14.3. Global Nickel Metal Hydride
Batteries Market Competition Heat Map Analysis, By End Use
14.4. Global Nickel Metal Hydride
Batteries Market Concentration & Company Market Shares (%) Analysis, 2023
15. Company Profiles
15.1.  Panasonic
15.1.1.   Company Overview & Key Stats
15.1.2.   Financial Performance & KPIs
15.1.3.   Application Portfolio
15.1.4.   Business Strategy & Recent
Developments
15.1.5.   Technology and Pricing
15.1.6.   Key Suppliers
* Similar details would be provided
for all the players mentioned belowÂ
15.2.     Primearth EV
Energy
15.3.     FDK
15.4.     GP Batteries
15.5.     Corun
15.6.     Huanyu battery
15.7.     GS Yuasa
15.8.     Spectrum Brands
(Rayovac)
15.9.     Lexel Battery
(Coslight)
15.10. EPT Battery
15.11. Duracell
15.12. Cell-Con
15.13. Highpower
International
15.14. Maxell
15.15. Nanfu
15.16. PKCELL
15.17. EVE Energy
15.18. Others
16. Research
Methodology
16.1. External Transportations /
Databases
16.2. Internal Proprietary Database
16.3. Primary Research
16.4. Secondary Research
16.5. Assumptions
16.6. Limitations
16.7. Report FAQs
17. Research
Findings & ConclusionÂ
We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.
Market Research Process
We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.