Report Scope & Overview:
The Nickel Metal Hydride (NiMH) Battery Market size was valued at USD 2.35 billion in 2022 and is expected to grow to USD 3.00 billion by 2030 and grow at a CAGR of 3.1% over the forecast period of 2023-2030.
The growing demand for Ni-MH batteries in the automotive industry, the global nickel-metal hydride (Ni-MH) battery market is anticipated to expand significantly during the anticipated period. Nickel-metal hydride (Ni-MH) batteries are increasingly being used in hybrid vehicles like HEVs and PHEVs. Although they make up a small percentage of the passenger vehicle market, hybrid automobiles are quickly growing. The majority of hybrid automobiles on the market today employ Ni-MH batteries. Ni-MH batteries are also used in emergency call and telematics systems for vehicles. In addition, these batteries' broad temperature range of -30 C to +75 C and quick charging capability made them suitable for the automotive industry.
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Batteries made on nickel metal hydride are frequently employed in numerous applications. The majority of consumer electronics, including laptop computers, digital cameras, and cell phones, employ them. Additionally, they are utilized in forklifts, golf carts, hybrid and electric cars, as well as other types of transportation. Batteries made of nickel metal hydride have a high energy density, a low rate of self-discharge, and a long cycle life. In comparison to other rechargeable battery chemistries, they are also greener. As a result of their dependability and efficiency, Nickel Metal Hydride batteries are growing in popularity.
KEY DRIVERS:
Emergency power backup solutions are becoming more popular in sectors with high stakes.
NiMH batteries can be utilized for numerous industrial, commercial, and residential applications that require emergency power backup. They are superior to other battery kinds, such as alkaline and NiCd batteries, in terms of features like extended life and high energy density, making them perfect for a variety of applications. Important sectors of the power, utility, and communications industries employ NiMH batteries. As an illustration, smart meters and other utility equipment employ NiMH batteries. NiMH batteries are ideal for these applications because they provide a dependable power supply that is rapid and simple to charge.
RESTRAIN:
NiMH batteries are expensive
NiMH batteries can become more expensive than other battery types, such alkaline or NiCd batteries, for some applications. This is because the components that go into making them, including nickel and hydrogen, are expensive. Furthermore, NiMH batteries have a high self-discharge rate, which means that they continue to lose power even when not in use. If a user wants to store their batteries for a long period, this can be an issue. In addition, these batteries have a short service life, thus they will ultimately deteriorate and require replacement. Depending on how it is used, a NiMH battery's service life can change, however it is normally five years or less.
OPPORTUNITY:
NiMH batteries are increasingly being used in HEVs.
Due to their beneficial qualities, including high energy density, safety, and high-power delivery, NiMH batteries are employed in numerous hybrid electric vehicle (HEV) applications. The market for these batteries has grown as consumers increasingly choose hybrid electric vehicles. A rise in the number of automakers working on the creation of enhanced electric and hybrid vehicles has also been noted. All of these changes are anticipated to provide the NiMH market with numerous chances for expansion.
CHALLENGES:
Existence of alternate substitute battery technologies
Other technologies, including lithium-ion batteries, lead acid batteries, and new battery technologies, are posing a growing threat to the nickel metal hydride (NiMH) battery business. Compared to NiMH batteries, lithium-ion batteries have more energy density, a longer lifespan, and a quicker charging time. The NiMH battery market's growth is being constrained by this competition.
IMPACT ANALYSIS
IMPACT OF RUSSIAN UKRAINE WAR
Increase in nickel prices to record highs as the Ukraine conflict fuelled worries about supply disruptions for the metal, an essential component of electric vehicle batteries. Following the extraordinary price movement, in which three-month LME nickel contracts briefly rose above $100,000 per ton for the first time during Asian trading hours, the London Metal Exchange banned nickel trade. The LME stated that the stoppage, which would persist at least for the rest of the day, was caused by nickel prices seeing unprecedented overnight spikes. The exchange claimed that it was keeping an eye on events in Russia and Ukraine and that it had made the decision "on orderly market grounds." Given the geopolitical scenario that has been driving recent price movements, "The LME will give consideration to a possible multi-day closure," it stated.
The LME contract reached a high of $101,365 per ton, virtually doubling from the day before. Before being stopped, the contract later reduced some gains to trade at $80,000 per ton. Since Russia invaded Ukraine, the price of a number of commodities, including oil and other metals like aluminium, has skyrocketed. The metal is increasingly employed in electric vehicle batteries as well as the production of steel. Although Russia has not yet been directly affected by sanctions, shipping companies and businessmen are nonetheless unwilling to transact with the country's resources. Russian oil imports may soon be prohibited by the United States, raising fears that metal exports may also be a target. "The price increase is a problem on the physical market that has been translated.
According to Vivek Dhar, director of mining and energy commodities research at Commonwealth Bank of Australia, "the price increase is a physical-market issue that has been translated into a financial-market issue." In a competitive market with high pricing, Mr. Dhar continued, "Traders who have short positions or who are on the wrong side of trades are trying to cover their positions." According to CBA, Russia produces 17% of the world's high-purity nickel and contributes 5% to 6% of the supply. Because global stockpiles had drastically decreased since April of last year, the market was already tight before Russia invaded Ukraine, the bank noted in a research report.
MARKET SEGMENTATION
By Component
Electrode
Cathode
Anode
Electrolyte
By Battery Type
A
AA
AAA
C
D
9V
Others
By Size
Small
Large
By Sales Channel
By Sales Channel
OEM
Aftermarket
By Vertical
Automotive
Consumer Electronics
Healthcare
Industrial
Residential
Commercial
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REGIONAL ANALYSIS
The nickel metal hydride battery market in North America is further divided into the US, Canada, and Mexico. The US holds the biggest market share for NiMH batteries in this region. These batteries are used in a variety of industries, including industrial, consumer electronics, healthcare, and automotive. The area is a significant centre for the production of several kinds of electric cars, which represents a prospective market for NiMH batteries. Additionally, Mexico's expanding economy is bolstering its manufacturing and healthcare systems, which will further fuel the NiMH battery industry in the area. Additionally, the region has well-established recycling regulations for the correct recycling and reuse of NiMH batteries, which supports the region's battery business.
One of the key markets for NiMH batteries is Europe. Due to a robust and growing economy, Germany is one of the major markets for the need for NiMH batteries expanding healthcare industry. The nation is home to a number of renowned medical equipment producers and exports a sizable number of gadgets around the globe. Due to its rechargeability, high energy density, and prolonged life, NiMH batteries are among the most popular ones used in medical equipment. Operational life, which is essential for the machinery to function properly. Since NiMH batteries offer durability, cheap maintenance, and safety, they are also frequently utilized in the automobile and consumer electronics sectors. Consequently, the industrial sector in Germany and around Europe will also fuel the NiMH battery market's expansion.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
KEY PLAYERS
Some of major players are listed in a Nickel Metal Hydride (NiMH) Battery Market are Energizer Holdings, Inc. (US), Panasonic Holdings Corporation (Japan), Duracell (US), VARTAAG (Germany), FDK Corporation (Japan), BYD Company Limited (China), Primearth EV Energy Co., Ltd. (Japan), GP Batteries International Limited (China) and other players are listed in a final report.
Energizer Holdings, Inc. (US)-Company Financial Analysis
RECENT DEVELOPMENT
The new NiMH battery "HR-AAUTEWM" from FDK Corporation was introduced in March 2022 for a range of uses, including security, medical, and in-vehicle applications, which include tracking devices, e-call, dashboard cameras, auto alarms, and other in-vehicle applications.
The new NiMH battery "HR-AAUTEW" was introduced by FDK Corporation in June 2021 for use in tracking devices, e-call, dashboard cameras, auto alarms, and other in-vehicle applications.
To improve its position in the international battery market, VARTAAG completed the acquisition of the VARTA consumer batteries business from Energizer Holdings, Inc. in the US in January 2020.
| Report Attributes | Details |
|
Market Size in 2022 |
US$ 2.35 billion |
|
Market Size by 2030 |
US$ 3.00 billion |
|
CAGR |
CAGR of 3.1% From 2023 to 2030 |
|
Base Year |
2022 |
|
Forecast Period |
2023-2030 |
|
Historical Data |
2019-2021 |
|
Report Scope & Coverage |
Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
|
Key Segments |
Nickel Metal Hydride (NiMH) Battery Market Size, Share & Segmentation, By Component (Electrode, Cathode, Anode, Electrolyte), By Battery Type (A, AA, AAA, C, D, 9V, Others), By Size (Small, Large, By Sales Channel), By Sales Channel (OEM, Aftermarket), By Vertical (Automotive, Consumer Electronics, Healthcare, Industrial, Residential, Commercial), By Region, and Global Forecast for 2023-2030 |
|
Regional Analysis/Coverage |
North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
|
Company Profiles |
Energizer Holdings, Inc. (US), Panasonic Holdings Corporation (Japan), Duracell (US), VARTAAG (Germany), FDK Corporation (Japan), BYD Company Limited (China), Primearth EV Energy Co., Ltd. (Japan), GP Batteries International Limited (China) |
|
Key Drivers |
•Emergency power backup solutions are becoming more popular in sectors with high stakes. |
|
Market Restrains |
•NiMH batteries are expensive |
Emergency power backup solutions are becoming more popular in sectors with high stakes.
Existence of alternate substitute battery technologies
North America is dominating the Nickel Metal Hydride (NiMH) Battery Market.
Nickel Metal Hydride (NiMH) Battery Market size was valued at USD 2.35 billion in 2022
Nickel Metal Hydride (NiMH) Battery Market is anticipated to expand by 3.1% from 2023 to 2030
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Nickel Metal Hydride (NiMH) Battery Market Segmentation, By Component
8.1 Electrode
8.2 Cathode
8.3 Anode
8.4 Electrolyte
9. Nickel Metal Hydride (NiMH) Battery Market Segmentation, By Battery Type
9.1 A
9.2 AA
9.3 AAA
9.4 C
9.5 D
9.6 9V
9.7 Others
10. Nickel Metal Hydride (NiMH) Battery Market Segmentation, By Size
10.1 Small
10.2 Large
10.3 By Sales Channel
11. Nickel Metal Hydride (NiMH) Battery Market Segmentation, By Sales Channel
11.1 OEM
11.2 Aftermarket
12. Nickel Metal Hydride (NiMH) Battery Market Segmentation, By Vertical
12.1 Automotive
12.2 Consumer Electronics
12.3 Healthcare
12.4 Industrial
12.5 Residential
12.6 Commercial
13. Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 North America Nickel Metal Hydride (NiMH) Battery Market by Country
13.2.2 North America Nickel Metal Hydride (NiMH) Battery Market by Component
13.2.3 North America Nickel Metal Hydride (NiMH) Battery Market by Battery Type
13.2.4 North America Nickel Metal Hydride (NiMH) Battery Market by Size
13.2.5 North America Nickel Metal Hydride (NiMH) Battery Market by Sales Channel
13.2.6 North America Nickel Metal Hydride (NiMH) Battery Market by Vertical
13.2.7 USA
13.2.7.1 USA Nickel Metal Hydride (NiMH) Battery Market by Component
13.2.7.2 USA Nickel Metal Hydride (NiMH) Battery Market by Battery Type
13.2.7.3 USA Nickel Metal Hydride (NiMH) Battery Market by Size
13.2.7.4 USA Nickel Metal Hydride (NiMH) Battery Market by Sales Channel
13.2.7.5 USA Nickel Metal Hydride (NiMH) Battery Market by Vertical
13.2.8 Canada
13.2.8.1 Canada Nickel Metal Hydride (NiMH) Battery Market by Component
13.2.8.2 Canada Nickel Metal Hydride (NiMH) Battery Market by Battery Type
13.2.8.3 Canada Nickel Metal Hydride (NiMH) Battery Market by Size
13.2.8.4 Canada Nickel Metal Hydride (NiMH) Battery Market by Sales Channel
13.2.8.5 Canada Nickel Metal Hydride (NiMH) Battery Market by Vertical
13.2.9 Mexico
13.2.9.1 Mexico Nickel Metal Hydride (NiMH) Battery Market by Component
13.2.9.2 Mexico Nickel Metal Hydride (NiMH) Battery Market by Battery Type
13.2.9.3 Mexico Nickel Metal Hydride (NiMH) Battery Market by Size
13.2.9.4 Mexico Nickel Metal Hydride (NiMH) Battery Market by Sales Channel
13.2.9.5 Mexico Nickel Metal Hydride (NiMH) Battery Market by Vertical
13.3 Europe
13.3.1 Eastern Europe
13.3.1.1 Eastern Europe Nickel Metal Hydride (NiMH) Battery Market by Country
13.3.1.2 Eastern Europe Nickel Metal Hydride (NiMH) Battery Market by Component
13.3.1.3 Eastern Europe Nickel Metal Hydride (NiMH) Battery Market by Battery Type
13.3.1.4 Eastern Europe Nickel Metal Hydride (NiMH) Battery Market by Size
13.3.1.5 Eastern Europe Nickel Metal Hydride (NiMH) Battery Market by Sales Channel
13.3.1.6 Eastern Europe Nickel Metal Hydride (NiMH) Battery Market by Vertical
13.3.1.7 Poland
13.3.1.7.1 Poland Nickel Metal Hydride (NiMH) Battery Market by Component
13.3.1.7.2 Poland Nickel Metal Hydride (NiMH) Battery Market by Battery Type
13.3.1.7.3 Poland Nickel Metal Hydride (NiMH) Battery Market by Size
13.3.1.7.4 Poland Nickel Metal Hydride (NiMH) Battery Market by Sales Channel
13.3.1.7.5 Poland Nickel Metal Hydride (NiMH) Battery Market by Vertical
13.3.1.8 Romania
13.3.1.8.1 Romania Nickel Metal Hydride (NiMH) Battery Market by Component
13.3.1.8.2 Romania Nickel Metal Hydride (NiMH) Battery Market by Battery Type
13.3.1.8.3 Romania Nickel Metal Hydride (NiMH) Battery Market by Size
13.3.1.8.4 Romania Nickel Metal Hydride (NiMH) Battery Market by Sales Channel
13.3.1.8.5 Romania Nickel Metal Hydride (NiMH) Battery Market by Vertical
13.3.1.9 Hungary
13.3.1.9.1 Hungary Nickel Metal Hydride (NiMH) Battery Market by Component
13.3.1.9.2 Hungary Nickel Metal Hydride (NiMH) Battery Market by Battery Type
13.3.1.9.3 Hungary Nickel Metal Hydride (NiMH) Battery Market by Size
13.3.1.9.4 Hungary Nickel Metal Hydride (NiMH) Battery Market by Sales Channel
13.3.1.9.5 Hungary Nickel Metal Hydride (NiMH) Battery Market by Vertical
13.3.1.10 Turkey
13.3.1.10.1 Turkey Nickel Metal Hydride (NiMH) Battery Market by Component
13.3.1.10.2 Turkey Nickel Metal Hydride (NiMH) Battery Market by Battery Type
13.3.1.10.3 Turkey Nickel Metal Hydride (NiMH) Battery Market by Size
13.3.1.10.4 Turkey Nickel Metal Hydride (NiMH) Battery Market by Sales Channel
13.3.1.10.5 Turkey Nickel Metal Hydride (NiMH) Battery Market by Vertical
13.3.1.11 Rest of Eastern Europe
13.3.1.11.1 Rest of Eastern Europe Nickel Metal Hydride (NiMH) Battery Market by Component
13.3.1.11.2 Rest of Eastern Europe Nickel Metal Hydride (NiMH) Battery Market by Battery Type
13.3.1.11.3 Rest of Eastern Europe Nickel Metal Hydride (NiMH) Battery Market by Size
13.3.1.11.4 Rest of Eastern Europe Nickel Metal Hydride (NiMH) Battery Market by Sales Channel
13.3.1.11.5 Rest of Eastern Europe Nickel Metal Hydride (NiMH) Battery Market by Vertical
13.3.2 Western Europe
13.3.2.1 Western Europe Nickel Metal Hydride (NiMH) Battery Market by Country
13.3.2.2 Western Europe Nickel Metal Hydride (NiMH) Battery Market by Component
13.3.2.3 Western Europe Nickel Metal Hydride (NiMH) Battery Market by Battery Type
13.3.2.4 Western Europe Nickel Metal Hydride (NiMH) Battery Market by Size
13.3.2.5 Western Europe Nickel Metal Hydride (NiMH) Battery Market by Sales Channel
13.3.2.6 Western Europe Nickel Metal Hydride (NiMH) Battery Market by Vertical
13.3.2.7 Germany
13.3.2.7.1 Germany Nickel Metal Hydride (NiMH) Battery Market by Component
13.3.2.7.2 Germany Nickel Metal Hydride (NiMH) Battery Market by Battery Type
13.3.2.7.3 Germany Nickel Metal Hydride (NiMH) Battery Market by Size
13.3.2.7.4 Germany Nickel Metal Hydride (NiMH) Battery Market by Sales Channel
13.3.2.7.5 Germany Nickel Metal Hydride (NiMH) Battery Market by Vertical
13.3.2.8 France
13.3.2.8.1 France Nickel Metal Hydride (NiMH) Battery Market by Component
13.3.2.8.2 France Nickel Metal Hydride (NiMH) Battery Market by Battery Type
13.3.2.8.3 France Nickel Metal Hydride (NiMH) Battery Market by Size
13.3.2.8.4 France Nickel Metal Hydride (NiMH) Battery Market by Sales Channel
13.3.2.8.5 France Nickel Metal Hydride (NiMH) Battery Market by Vertical
13.3.2.9 UK
13.3.2.9.1 UK Nickel Metal Hydride (NiMH) Battery Market by Component
13.3.2.9.2 UK Nickel Metal Hydride (NiMH) Battery Market by Battery Type
13.3.2.9.3 UK Nickel Metal Hydride (NiMH) Battery Market by Size
13.3.2.9.4 UK Nickel Metal Hydride (NiMH) Battery Market by Sales Channel
13.3.2.9.5 UK Nickel Metal Hydride (NiMH) Battery Market by Vertical
13.3.2.10 Italy
13.3.2.10.1 Italy Nickel Metal Hydride (NiMH) Battery Market by Component
13.3.2.10.2 Italy Nickel Metal Hydride (NiMH) Battery Market by Battery Type
13.3.2.10.3 Italy Nickel Metal Hydride (NiMH) Battery Market by Size
13.3.2.10.4 Italy Nickel Metal Hydride (NiMH) Battery Market by Sales Channel
13.3.2.10.5 Italy Nickel Metal Hydride (NiMH) Battery Market by Vertical
13.3.2.11 Spain
13.3.2.11.1 Spain Nickel Metal Hydride (NiMH) Battery Market by Component
13.3.2.11.2 Spain Nickel Metal Hydride (NiMH) Battery Market by Battery Type
13.3.2.11.3 Spain Nickel Metal Hydride (NiMH) Battery Market by Size
13.3.2.11.4 Spain Nickel Metal Hydride (NiMH) Battery Market by Sales Channel
13.3.2.11.5 Spain Nickel Metal Hydride (NiMH) Battery Market by Vertical
13.3.2.12 The Netherlands
13.3.2.12.1 Netherlands Nickel Metal Hydride (NiMH) Battery Market by Component
13.3.2.12.2 Netherlands Nickel Metal Hydride (NiMH) Battery Market by Battery Type
13.3.2.12.3 Netherlands Nickel Metal Hydride (NiMH) Battery Market by Size
13.3.2.12.4 Netherlands Nickel Metal Hydride (NiMH) Battery Market by Sales Channel
13.3.2.12.5 Netherlands Nickel Metal Hydride (NiMH) Battery Market by Vertical
13.3.2.13 Switzerland
13.3.2.13.1 Switzerland Nickel Metal Hydride (NiMH) Battery Market by Component
13.3.2.13.2 Switzerland Nickel Metal Hydride (NiMH) Battery Market by Battery Type
13.3.2.13.3 Switzerland Nickel Metal Hydride (NiMH) Battery Market by Size
13.3.2.13.4 Switzerland Nickel Metal Hydride (NiMH) Battery Market by Sales Channel
13.3.2.13.5 Switzerland Nickel Metal Hydride (NiMH) Battery Market by Vertical
13.3.2.14 Austria
13.3.2.14.1 Austria Nickel Metal Hydride (NiMH) Battery Market by Component
13.3.2.14.2 Austria Nickel Metal Hydride (NiMH) Battery Market by Battery Type
13.3.2.14.3 Austria Nickel Metal Hydride (NiMH) Battery Market by Size
13.3.2.14.4 Austria Nickel Metal Hydride (NiMH) Battery Market by Sales Channel
13.3.2.14.5 Austria Nickel Metal Hydride (NiMH) Battery Market by Vertical
13.3.2.15 Rest of Western Europe
13.3.2.15.1 Rest of Western Europe Nickel Metal Hydride (NiMH) Battery Market by Component
13.3.2.15.2 Rest of Western Europe Nickel Metal Hydride (NiMH) Battery Market by Battery Type
13.3.2.15.3 Rest of Western Europe Nickel Metal Hydride (NiMH) Battery Market by Size
13.3.2.15.4 Rest of Western Europe Nickel Metal Hydride (NiMH) Battery Market by Sales Channel
13.3.2.15.5 Rest of Western Europe Nickel Metal Hydride (NiMH) Battery Market by Vertical
13.4 Asia-Pacific
13.4.1 Asia Pacific Nickel Metal Hydride (NiMH) Battery Market by Country
13.4.2 Asia Pacific Nickel Metal Hydride (NiMH) Battery Market by Component
13.4.3 Asia Pacific Nickel Metal Hydride (NiMH) Battery Market by Battery Type
13.4.4 Asia Pacific Nickel Metal Hydride (NiMH) Battery Market by Size
13.4.5 Asia Pacific Nickel Metal Hydride (NiMH) Battery Market by Sales Channel
13.4.6 Asia Pacific Nickel Metal Hydride (NiMH) Battery Market by Vertical
13.4.7 China
13.4.7.1 China Nickel Metal Hydride (NiMH) Battery Market by Component
13.4.7.2 China Nickel Metal Hydride (NiMH) Battery Market by Battery Type
13.4.7.3 China Nickel Metal Hydride (NiMH) Battery Market by Size
13.4.7.4 China Nickel Metal Hydride (NiMH) Battery Market by Sales Channel
13.4.7.5 China Nickel Metal Hydride (NiMH) Battery Market by Vertical
13.4.8 India
13.4.8.1 India Nickel Metal Hydride (NiMH) Battery Market by Component
13.4.8.2 India Nickel Metal Hydride (NiMH) Battery Market by Battery Type
13.4.8.3 India Nickel Metal Hydride (NiMH) Battery Market by Size
13.4.8.4 India Nickel Metal Hydride (NiMH) Battery Market by Sales Channel
13.4.8.5 India Nickel Metal Hydride (NiMH) Battery Market by Vertical
13.4.9 Japan
13.4.9.1 Japan Nickel Metal Hydride (NiMH) Battery Market by Component
13.4.9.2 Japan Nickel Metal Hydride (NiMH) Battery Market by Battery Type
13.4.9.3 Japan Nickel Metal Hydride (NiMH) Battery Market by Size
13.4.9.4 Japan Nickel Metal Hydride (NiMH) Battery Market by Sales Channel
13.4.9.5 Japan Nickel Metal Hydride (NiMH) Battery Market by Vertical
13.4.10 South Korea
13.4.10.1 South Korea Nickel Metal Hydride (NiMH) Battery Market by Component
13.4.10.2 South Korea Nickel Metal Hydride (NiMH) Battery Market by Battery Type
13.4.10.3 South Korea Nickel Metal Hydride (NiMH) Battery Market by Size
13.4.10.4 South Korea Nickel Metal Hydride (NiMH) Battery Market by Sales Channel
13.4.10.5 South Korea Nickel Metal Hydride (NiMH) Battery Market by Vertical
13.4.11 Vietnam
13.4.11.1 Vietnam Nickel Metal Hydride (NiMH) Battery Market by Component
13.4.11.2 Vietnam Nickel Metal Hydride (NiMH) Battery Market by Battery Type
13.4.11.3 Vietnam Nickel Metal Hydride (NiMH) Battery Market by Size
13.4.11.4 Vietnam Nickel Metal Hydride (NiMH) Battery Market by Sales Channel
13.4.11.5 Vietnam Nickel Metal Hydride (NiMH) Battery Market by Vertical
13.4.12 Singapore
13.4.12.1 Singapore Nickel Metal Hydride (NiMH) Battery Market by Component
13.4.12.2 Singapore Nickel Metal Hydride (NiMH) Battery Market by Battery Type
13.4.12.3 Singapore Nickel Metal Hydride (NiMH) Battery Market by Size
13.4.12.4 Singapore Nickel Metal Hydride (NiMH) Battery Market by Sales Channel
13.4.12.5 Singapore Nickel Metal Hydride (NiMH) Battery Market by Vertical
13.4.13 Australia
13.4.13.1 Australia Nickel Metal Hydride (NiMH) Battery Market by Component
13.4.13.2 Australia Nickel Metal Hydride (NiMH) Battery Market by Battery Type
13.4.13.3 Australia Nickel Metal Hydride (NiMH) Battery Market by Size
13.4.13.4 Australia Nickel Metal Hydride (NiMH) Battery Market by Sales Channel
13.4.13.5 Australia Nickel Metal Hydride (NiMH) Battery Market by Vertical
13.4.14 Rest of Asia-Pacific
13.4.14.1 APAC Nickel Metal Hydride (NiMH) Battery Market by Component
13.4.14.2 APAC Nickel Metal Hydride (NiMH) Battery Market by Battery Type
13.4.14.3 APAC Nickel Metal Hydride (NiMH) Battery Market by Size
13.4.14.4 APAC Nickel Metal Hydride (NiMH) Battery Market by Sales Channel
13.4.14.5 APAC Nickel Metal Hydride (NiMH) Battery Market by Vertical
13.5 The Middle East & Africa
13.5.1 Middle East
13.5.1.1 Middle East Nickel Metal Hydride (NiMH) Battery Market By country
13.5.1.2 Middle East Nickel Metal Hydride (NiMH) Battery Market by Component
13.5.1.3 Middle East Nickel Metal Hydride (NiMH) Battery Market by Battery Type
13.5.1.4 Middle East Nickel Metal Hydride (NiMH) Battery Market by Size
13.5.1.5 Middle East Nickel Metal Hydride (NiMH) Battery Market by Sales Channel
13.5.1.6 Middle East Nickel Metal Hydride (NiMH) Battery Market by Vertical
13.5.1.7 UAE
13.5.1.7.1 UAE Nickel Metal Hydride (NiMH) Battery Market by Component
13.5.1.7.2 UAE Nickel Metal Hydride (NiMH) Battery Market by Battery Type
13.5.1.7.3 UAE Nickel Metal Hydride (NiMH) Battery Market by Size
13.5.1.7.4 UAE Nickel Metal Hydride (NiMH) Battery Market by Sales Channel
13.5.1.7.5 UAE Nickel Metal Hydride (NiMH) Battery Market by Vertical
13.5.1.8 Egypt
13.5.1.8.1 Egypt Nickel Metal Hydride (NiMH) Battery Market by Component
13.5.1.8.2 Egypt Nickel Metal Hydride (NiMH) Battery Market by Battery Type
13.5.1.8.3 Egypt Nickel Metal Hydride (NiMH) Battery Market by Size
13.5.1.8.4 Egypt Nickel Metal Hydride (NiMH) Battery Market by Sales Channel
13.5.1.8.5 Egypt Nickel Metal Hydride (NiMH) Battery Market by Vertical
13.5.1.9 Saudi Arabia
13.5.1.9.1 Saudi Arabia Nickel Metal Hydride (NiMH) Battery Market by Component
13.5.1.9.2 Saudi Arabia Nickel Metal Hydride (NiMH) Battery Market by Battery Type
13.5.1.9.3 Saudi Arabia Nickel Metal Hydride (NiMH) Battery Market by Size
13.5.1.9.4 Saudi Arabia Nickel Metal Hydride (NiMH) Battery Market by Sales Channel
13.5.1.9.5 Saudi Arabia Nickel Metal Hydride (NiMH) Battery Market by Vertical
13.5.1.10 Qatar
13.5.1.10.1 Qatar Nickel Metal Hydride (NiMH) Battery Market by Component
13.5.1.10.2 Qatar Nickel Metal Hydride (NiMH) Battery Market by Battery Type
13.5.1.10.3 Qatar Nickel Metal Hydride (NiMH) Battery Market by Size
13.5.1.10.4 Qatar Nickel Metal Hydride (NiMH) Battery Market by Sales Channel
13.5.1.10.5 Qatar Nickel Metal Hydride (NiMH) Battery Market by Vertical
13.5.1.11 Rest of Middle East
13.5.1.11.1 Rest of Middle East Nickel Metal Hydride (NiMH) Battery Market by Component
13.5.1.11.2 Rest of Middle East Nickel Metal Hydride (NiMH) Battery Market by Battery Type
13.5.1.11.3 Rest of Middle East Nickel Metal Hydride (NiMH) Battery Market by Size
13.5.1.11.4 Rest of Middle East Nickel Metal Hydride (NiMH) Battery Market by Sales Channel
13.5.1.11.5 Rest of Middle East Nickel Metal Hydride (NiMH) Battery Market by Vertical
13.5.2 Africa
13.5.2.1 Africa Nickel Metal Hydride (NiMH) Battery Market by Country
13.5.2.2 Africa Nickel Metal Hydride (NiMH) Battery Market by Component
13.5.2.3 Africa Nickel Metal Hydride (NiMH) Battery Market by Battery Type
13.5.2.4 Africa Nickel Metal Hydride (NiMH) Battery Market by Size
13.5.2.5 Africa Nickel Metal Hydride (NiMH) Battery Market by Sales Channel
13.5.2.6 Africa Nickel Metal Hydride (NiMH) Battery Market by Vertical
13.5.2.7 Nigeria
13.5.2.7.1 Nigeria Nickel Metal Hydride (NiMH) Battery Market by Component
13.5.2.7.2 Nigeria Nickel Metal Hydride (NiMH) Battery Market by Battery Type
13.5.2.7.3 Nigeria Nickel Metal Hydride (NiMH) Battery Market by Size
13.5.2.7.4 Nigeria Nickel Metal Hydride (NiMH) Battery Market by Sales Channel
13.5.2.7.5 Nigeria Nickel Metal Hydride (NiMH) Battery Market by Vertical
13.5.2.8 South Africa
13.5.2.8.1 South Africa Nickel Metal Hydride (NiMH) Battery Market by Component
13.5.2.8.2 South Africa Nickel Metal Hydride (NiMH) Battery Market by Battery Type
13.5.2.8.3 South Africa Nickel Metal Hydride (NiMH) Battery Market by Size
13.5.2.8.4 South Africa Nickel Metal Hydride (NiMH) Battery Market by Sales Channel
13.5.2.8.5 South Africa Nickel Metal Hydride (NiMH) Battery Market by Vertical
13.5.2.9 Rest of Africa
13.5.2.9.1 Rest of Africa Nickel Metal Hydride (NiMH) Battery Market by Component
13.5.2.9.2 Rest of Africa Nickel Metal Hydride (NiMH) Battery Market by Battery Type
13.5.2.9.3 Rest of Africa Nickel Metal Hydride (NiMH) Battery Market by Size
13.5.2.9.4 Rest of Africa Nickel Metal Hydride (NiMH) Battery Market by Sales Channel
13.5.2.9.5 Rest of Africa Nickel Metal Hydride (NiMH) Battery Market by Vertical
13.6 Latin America
13.6.1 Latin America Nickel Metal Hydride (NiMH) Battery Market by Country
13.6.2 Latin America Nickel Metal Hydride (NiMH) Battery Market by Component
13.6.3 Latin America Nickel Metal Hydride (NiMH) Battery Market by Battery Type
13.6.4 Latin America Nickel Metal Hydride (NiMH) Battery Market by Size
13.6.5 Latin America Nickel Metal Hydride (NiMH) Battery Market by Sales Channel
13.6.6 Latin America Nickel Metal Hydride (NiMH) Battery Market by Vertical
13.6.7 Brazil
13.6.7.1 Brazil Nickel Metal Hydride (NiMH) Battery Market by Component
13.6.7.2 Brazil Africa Nickel Metal Hydride (NiMH) Battery Market by Battery Type
13.6.7.3Brazil Nickel Metal Hydride (NiMH) Battery Market by Size
13.6.7.4 Brazil Nickel Metal Hydride (NiMH) Battery Market by Sales Channel
13.6.7.5 Brazil Nickel Metal Hydride (NiMH) Battery Market by Vertical
13.6.8 Argentina
13.6.8.1 Argentina Nickel Metal Hydride (NiMH) Battery Market by Component
13.6.8.2 Argentina Nickel Metal Hydride (NiMH) Battery Market by Battery Type
13.6.8.3 Argentina Nickel Metal Hydride (NiMH) Battery Market by Size
13.6.8.4 Argentina Nickel Metal Hydride (NiMH) Battery Market by Sales Channel
13.6.8.5 Argentina Nickel Metal Hydride (NiMH) Battery Market by Vertical
13.6.9 Colombia
13.6.9.1 Colombia Nickel Metal Hydride (NiMH) Battery Market by Component
13.6.9.2 Colombia Nickel Metal Hydride (NiMH) Battery Market by Battery Type
13.6.9.3 Colombia Nickel Metal Hydride (NiMH) Battery Market by Size
13.6.9.4 Colombia Nickel Metal Hydride (NiMH) Battery Market by Sales Channel
13.6.9.5 Colombia Nickel Metal Hydride (NiMH) Battery Market by Vertical
13.6.10 Rest of Latin America
13.6.10.1 Rest of Latin America Nickel Metal Hydride (NiMH) Battery Market by Component
13.6.10.2 Rest of Latin America Nickel Metal Hydride (NiMH) Battery Market by Battery Type
13.6.10.3 Rest of Latin America Nickel Metal Hydride (NiMH) Battery Market by Size
13.6.10.4 Rest of Latin America Nickel Metal Hydride (NiMH) Battery Market by Sales Channel
13.6.10.5 Rest of Latin America Nickel Metal Hydride (NiMH) Battery Market by Vertical
14. Company Profile
14.1 Energizer Holdings, Inc. (US)
14.1.1Company Overview
14.1.2 Financials
14.1.3 Product/Services Offered
14.1.4 SWOT Analysis
14.1.5 The SNS View
14.2 Panasonic Holdings Corporation (Japan)
14.2.1Company Overview
14.2.2 Financials
14.2.3 Product/Services Offered
14.2.4 SWOT Analysis
14.2.5 The SNS View
14.3 Duracell (US)
14.3.1Company Overview
14.3.2 Financials
14.3.3 Product/Services Offered
14.3.4 SWOT Analysis
14.3.5 The SNS View
14.4 VARTAAG (Germany)
14.4.1Company Overview
14.4.2 Financials
14.4.3 Product/Services Offered
14.4.4 SWOT Analysis
14.4.5 The SNS View
14.5 FDK Corporation (Japan)
14.5.1Company Overview
14.5.2 Financials
14.5.3 Product/Services Offered
14.5.4 SWOT Analysis
14.5.5 The SNS View
14.6 BYD Company Limited (China)
14.6.1Company Overview
14.6.2 Financials
14.6.3 Product/Services Offered
14.6.4 SWOT Analysis
14.6.5 The SNS View
14.7 Primearth EV Energy Co., Ltd. (Japan)
14.7.1Company Overview
14.7.2 Financials
14.7.3 Product/Services Offered
14.7.4 SWOT Analysis
14.7.5 The SNS View
14.8 GP Batteries International Limited (China)
14.8.1Company Overview
14.8.2 Financials
14.8.3 Product/Services Offered
14.8.4 SWOT Analysis
14.8.5 The SNS View
15. Competitive Landscape
15.1 Competitive Benchmarking
15.2 Market Share Analysis
15.3 Recent Developments
15.3.1 Industry News
15.3.2 Company News
15.3.3 Mergers & Acquisitions
16. USE Cases and Best Practices
17. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Telecom Power System Market Size was valued at USD 3.68 billion in 2022 and is expected to reach USD 7.40 billion by 2030 and grow at a CAGR of 9.1% over the forecast period 2023-2030.
The Torque Sensor Market size was USD 7.55 billion in 2023 and is expected to Reach USD 11.86 billion by 2031 and grow at a CAGR of 5.8 % over the forecast period of 2024-2031.
The IoT Chips Market Size was valued at USD 466.8 billion in 2023 and is expected to reach USD 755.4 billion by 2031 and grow at a CAGR of 6.2% over the forecast period 2024-2031.
The Vacuum Sensor Market Size was valued at USD 556.3 million in 2023 and is estimated to reach USD 920.6 million by 2031 and grow at a CAGR of 6.5% over the forecast period 2023-2031.
The Photonics Market size was USD 910.7 billion in 2023 to USD 1507.3 billion by 2031 and grow at a CAGR of 6.8% over the forecast period of 2024-2031.
The Thermal Control Market size was valued USD 8.89 billion in 2023 and is estimated to Reach USD 17.11 billion by 2031 and grow at a CAGR of 8.52% over the forecast period of 2024-2031.
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