On Dec 26, the latest report “Global NiMH Rechargeable Battery Market 2026 by Manufacturers, Regions, Types and Applications, Forecast to 2032” from Global Info Research provides a detailed and comprehensive analysis of the global NiMH Rechargeable Battery market. The report provides both quantitative and qualitative analysis by manufacturers, regions and countries, types and applications. As the market is constantly changing, this report explores market competition, supply and demand trends, and key factors that are causing many market demand changes. The report also provides company profiles and product examples of some of the competitors, as well as market share estimates for some of the leading players in 2026.
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According to our latest research, the global NiMH Rechargeable Battery market size will reach USD 1407 million in 2031, growing at a CAGR of 0.8% over the analysis period.
NiMH (Nickel-Metal Hydride) rechargeable battery is a type of electrochemical energy storage device that uses nickel oxyhydroxide (NiOOH) as the positive electrode and a hydrogen-absorbing metal alloy as the negative electrode, with an aqueous potassium hydroxide (KOH) electrolyte. Unlike disposable batteries, NiMH batteries can be recharged multiple times, offering higher energy density than nickel-cadmium (Ni-Cd) batteries and reduced memory effect. They are widely used in consumer electronics, cordless tools, hybrid vehicles, and industrial applications due to their balance of cost, safety, durability, and environmental friendliness.
NiMH Rechargeable Battery can be divided into small-sized and large-sized types. Small-sized Ni-MH batteries are mainly used in consumer electronics, with annual sales of about 1 billion units at an average price of USD 522 per thousand units (≈USD 0.52 per cell). This segment is highly competitive and commoditized, yielding 15–20% gross margins.
Large-sized Ni-MH batteries are mainly applied in HEVs and industrial systems, with a total sales volume of about 2.4 GWh and an average price of USD 300 per kWh. Gross margins typically range from 25–35% due to higher technical barriers and stable OEM demand. Since both small and large Ni-MH batteries are included, the market size is evaluated based on total revenue rather than shipment volume.
NiMH (Nickel-Metal Hydride) rechargeable battery market continues to play a significant role in the global rechargeable battery industry, particularly in segments where safety, reliability, and environmental considerations are critical. While the rapid adoption of lithium-ion batteries has reduced NiMH usage in consumer electronics, these batteries remain widely used in hybrid electric vehicles (HEVs), cordless tools, portable medical devices, and various industrial applications. Automakers such as Toyota, Honda, and Ford continue to employ NiMH batteries in hybrid platforms due to their stable thermal performance, long cycle life, and lower risk of thermal runaway compared to lithium-ion alternatives. Overall, the market maintains steady growth driven by automotive and industrial demand.
Technologically, NiMH batteries have benefited from improvements in electrode materials and hydrogen storage alloys, leading to higher energy densities and lower self-discharge rates. Modern NiMH cells can reach energy densities exceeding 100 Wh/kg, making them competitive for mid-range applications where safety and cost-efficiency are more important than maximum energy density. Their ability to operate under a wide temperature range, combined with recyclability, makes NiMH batteries particularly attractive in regions with strict environmental regulations, such as the European Union and Japan.
Regionally, Asia-Pacific dominates the NiMH battery market, with Japan, China, and South Korea as major production hubs. Japanese companies like Panasonic, FDK, and Hitachi continue to lead in innovation and quality, while Chinese manufacturers such as GP Batteries and Highpower Technology have expanded capacity to meet both domestic and export demand. North America and Europe, while smaller in production, remain important consumers, particularly in automotive and backup power applications. The localization of supply chains is also driving new investments in assembly and recycling facilities in these regions.
Key opportunities include high-capacity small cells, cost-effective hybrid battery solutions, and advanced recycling technologies. Although lithium-ion batteries will continue to dominate new energy applications, NiMH batteries retain a strategic niche in hybrid vehicles, industrial equipment, and eco-friendly consumer devices due to their durability, safety, and long operational life.
This report is a detailed and comprehensive analysis for global NiMH Rechargeable Battery market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approval.
NiMH Rechargeable Battery market is split by Type and by Application. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type: General Type、 High Capacity Type、 High Power Type、 High & Low Temperature Resistant Type、 Low Self-Discharge Type、 Others
Market segment by Application: HEV、 EV、 Consumer Electronics、 Others
Major players covered: Highpower Technology、 Hunan Corun New Energy、 FDK、 Panasonic、 GP Batteries、 Grepow、 Langtaitong Technology、 LEXEL、 Union Suppo Battery、 EPT Battery Co., Ltd、 BPI、 Great Power、 Energizer、 Primearth EV Energy、 Maxell
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe NiMH Rechargeable Battery product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of NiMH Rechargeable Battery, with price, sales quantity, revenue, and global market share of NiMH Rechargeable Battery from 2021 to 2026.
Chapter 3, the NiMH Rechargeable Battery competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the NiMH Rechargeable Battery breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2021 to 2032.
Chapter 5 and 6, to segment NiMH Rechargeable Battery the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2021 to 2032.
Chapter 7, 8, 9, 10 and 11, to break the NiMH Rechargeable Battery sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2021 to 2025.and NiMH Rechargeable Battery market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2032.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of NiMH Rechargeable Battery.
Chapter 14 and 15, to describe NiMH Rechargeable Battery sales channel, distributors, customers, research findings and conclusion.
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for NiMH Rechargeable Battery
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
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