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Global Nickel Metal Hydride Battery Market, Size, Share, Market Intelligence, Company Profiles, Market Trends, Strategy, Analysis, Forecast 2018-2023
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Global NiMH Battery Market Research and Forecast 2018-2023 Energy Electrical & Electronics
DEFINITION The Global (Nickel Metal Hydride) NiMH Battery Market has been growing modestly during the forecast period (2018-2023). NiMH battery were an improvement on the NiCad batteries and are used in variety of applications. A NiMH is the arrangement of a battery using metal hydride hydrogen storage materials as one of the battery electrodes. NiMH batteries are used in solid state format in cameras, personal digital assistants, palm pilots and other gadgets. The factors that are augmenting the growth of the market includes increasing market for electric cars, strict government regulations and stiff regulation due to the toxic nature of cadmium. Increasing consumer electronics segment is furthermore augmenting the market growth.
MARKET MOTIVATORS • Eco-friendlier than nickel-cadmium batteries • Increase in consumer electronics • Technological advancements and innovation • Strong replacement of nickel-cadmium batteries • Economic compared to other batteries
MARKET RESTRAINT • Competition from alternatives • Stringent regulations may affect the market growth
MARKET OPPORTUNITY • R&d in battery market • Massive scope in emerging economies • Rising electrical vehicle market
MARKET SEGMENTATION By application • Consumer electronics • Industrial • Automotive • Others
MARKET SEGMENTATION By category • Eneloop • Nickel metal hydride • Patent encumbrance of large automotive nimh batteries
COMPANY PROFILES • AEG POWERTOOLS • CELL-CON • DURACELL • GP BATTERIES • HARDING ENERGY To be continued….
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