The global NiMH battery market is anticipated to grow at a considerable CAGR of 5.2% during the forecast period (2022-2028).Other than NiMH, there are two types of batteries that have a huge impact on the NiMH battery market growth. Nickel Cadmium batteries were introduced first, which could be recharged. It received high popularity among consumers but its high unfriendly characteristics for the environment concerned most the people. When the NiMH battery was introduced, it was found to be more beneficial and environment friendly than Ni-Cd batteries such as high capacity, less toxic, resist over-discharging and overcharging, and environment friendly.
Browse the full report description of “Global NiMH Battery Market Size, Share & Trends Analysis Report, by Application (Consumer Electronics, Industrial, Automotive, and Others), and by Category (Eneloop, Nickel Metal Hydride, and Patent Encumbrance Of Large Automotive NiMH Batteries) Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/nimh-battery-market
This raised the demand for NiMH batteries exponentially at the time. However, with the introduction of Lithium-Ion batteries, the growth steadily declined over the years. Based on performance, Li-ion batteries beat NiMH in most categories. They have an overall longer life cycle of around five years while comparing to the NiMH battery’s life cycle of 2 to 5 years. Li-ion batteries also charge much faster, perform better in extreme heat and hold their charge for much longer than NiMH batteries. However, NiMH options are much lower in price than Li-ion batteries, need very little maintenance, with more environmentally friendly. Such properties are pushing for future potential growth in the market, even with the availability of other efficient options.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Application
o By Category
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- including Duracell, GE Group, Solarsense UK Ltd., Standard Solar, Inc., SunPower Corp., and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global NiMH BatteryMarket Report Segment
By Application
By Category
Global NiMH Battery Market Report Segment by Region
North America
• US
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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