The global NiMH battery market is anticipated to grow at a substantial CAGR of 5.2% during the forecast period. One of the core factors that is fueling the market is its much more eco-friendlier than nickel-Cadmium (Ni-Cd)Batteries. The Ni-Cd batteries contain heavy metal which is hazardous to the environment and is highly toxic to all higher forms of life which is not the case with NiMH batteries. This has pushed the more production of the NiMH batteries in the market as the government, and environmentalists opposed the production of the Ni-Cd batteries to save the environment, and the life of animals near the industry and the workers. For instance, European Union banned the use of Cadmiumin batteries from the region on 31 December 2016.
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The healthcare sector mainly relies on battery-operated medical equipment and devices, to provide essential treatment and diagnostics. NiMH batteries have been shown to be an effective power source in this industry owing to their extended lifespan, steady performance, and capacity to deliver dependable power in emergency medical situations. NiMH batteries are essential for the continuous operation of a broad range of medical devices, including electric wheelchairs, portable diagnostic kits, and implanted medical devices. The healthcare sector’s growing demand for advanced medical devices and the need for reliable power solutions contribute to the sustained demand for NiMH batteries in healthcare applications. This segment represents a vital driver in the global NiMH battery market. Medical device imports accounted for 75.0% of China’s market in 2021, with US suppliers making up 27.2% of China’s $5.62 billion worth of imports. Diagnostic imaging and consumables accounted for about half of the market value of the subsectors of medical devices. The National Medical Products Administration reports that there were 32,632 medical product businesses in China in 2022, showing a consistent upward trend. The growing medical devices industry is further driving the global market.
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- Market Coverage
- Market number available for – 2025-2031
- Base year- 2025
- Forecast period- 2025-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global NiMH Battery Market by Application
- Consumer Electronics
- Industrial
- Automotive
- Others
Global NiMH Battery Market by Category
- Eneloop
- Nickel Metal Hydride
- Patent Encumbrance Of Large Automotive NiMH Batteries
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Aeg Powertools
- Basf
- Cell-Con
- Duracell
- Energizer
- GP Batteries
- Harding Energy
- Johnson Controls
- Panasonic
- Power-Sonic Corporation
- Rayovac
- Shenzen Nova
- Spectrum Brands
- Supreme Batteries Pvt. Ltd.
- Taurac
- Uniross
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global NiMH battery market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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