NiMH Battery Producers and NiMH Battery Market Trend

Nickel metal hydride (NiMH) battery is a type of rechargeable battery with high energy density, high capacity, no memory effect, and environment friendly. The positive active substance of NiMH battery is Ni(OH)₂ (called NiO electrode), the negative active substance is metal hydride, also called hydrogen storage alloy (electrode called hydrogen storage electrode), and the electrolyte is 6 mol/L potassium hydroxide solution. NiMH battery can be divided into high-voltage NiMH battery and low-voltage NiMH battery.

The global NiMH battery market size was 255.3 million units in 2017 and will grow to 268.4 million units in 2022, with a CAGR of 1.0% from 2017 to 2022. With the rise of Telematics, NiMH batteries have a bright future as the mainstream solution for in-vehicle T-Box power supply. The global NiMH battery market size is expected to grow to 296.5 million units in 2027, with a CAGR of 2.0% from 2022 to 2027.

Global NiMH battery manufacturers include Panasonic, FDK, Duracell, Energizer, Shenzhen Highpower Technology, GP Batteries International Limited, Hunan Corun New Energy, Nilar International AB and Guangzhou Great Power Energy&Technology.

NiMH batteries are mainly used in Power tools (35%), Small appliances (30%), Toys (20%), Automotive (8%) and Energy storage (4%).