Report Code: A10735 | Pages: NA | Jul 2023 | 1943 Views | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Nickel-metal Hydride Battery Market
Request Now !Nickel-metal hydride batteries are specific type of rechargeable batteries. These batteries are manufactured by using nickel and cadmium and are produced in standardized cylindrical forms. Nickel metal hydride batteries are used in several gadgets such as cameras and other electrical appliances and also used in electric vehicles.Â
COVID-19 Scenario Analysis:
The outbreak of the COVID-19 pandemic has severely affected the global nickel-metal hydride battery market.
The rapid industrialization and technological advancements across the globe have led to the increase in demand for reliable sources of energy in the market. The rapid growth of the electrical and electronic sector acts as a major driver for the growth of the global nickel-metal hydride batteries market. The chemical and mechanical stability of these batteries along with their compact shape make them a popular choice for usage in several electrical devices. Moreover, these batteries are also used in the electronic vehicles and hybrid cars, which add to the rise in demand for nickel-metal hydride batteries in the market. Several major companies are investing in the research and development to improve the reaction kinetics and the stability of these batteries. The German battery manufacturer VARTA AG Acquired Energizer Holdings Inc., which is a U.S. based company to expand its portfolio in the market. However, stringent regulations on the usage of cadmium along with the presence of alternatives such as the lithium-ion batteries limit the market growth.
The Asia-Pacific region holds a major share of the global nickel-metal hydride batteries market due to the presence of the massive electronics industry in the developing nations such as India and China. The market in Europe and North America is also expected to witness lucrative growth because of the growing popularity of electric vehicles in the developed economies of the region.
Key benefits of the report:
Nickel-Metal Hydride Battery Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
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Key Market Players | Duracell, Primearth EV Energy, Aeg Powertools., Panasonic, Duracell, Energizer Holdings, Spectrum Brands, GP Batteries International, Spectrum Brands (Rayovac) |
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