Nickel Metal Hydride (NiMH) Battery Market

Nickel Metal Hydride (NiMH) Battery Companies - Energizer Holdings, Inc. (US) and Panasonic Holdings Corporation (Japan) are the Key Players

The global nickel metal hydride (NiMH) battery market size is expected to grow from USD 2.4 billion in 2023 to USD 2.7 billion by 2028, at a CAGR of 3.1% from 2023 to 2028. The growing adoption of consumer electronics, portable medical devices, and the inherent advantages of NiMH batteries over other secondary battery technologies drives the growth of the NiMH battery market.

Nickel Metal Hydride (NiMH) Battery companies include:

  • Energizer Holdings, Inc. (US),
  • Panasonic Holdings Corporation (Japan),
  • Duracell (US),
  • VARTA AG (Germany), 
  • FDK Corporation (Japan),
  • BYD Company Limited (China),
  • Primearth EV Energy Co., Ltd. (Japan),
  • GP Batteries International Limited (China)

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Energizer Holdings, Inc.

Energizer Holdings, Inc. is one of the largest manufacturers, marketers, and distributors of specialty and household batteries, refrigerant and freshener products, and portable lights. The company has two reportable segments: Batteries & Lights and Auto Care. The company offers household batteries such as rechargeable, primary, specialty, and hearing aid batteries which use several chemistries such as alkaline, lithium, nickel metal hydride, zinc air, carbon zinc, and silver oxide. The NiMH batteries of the company are being sold under the brands Energizer and Rayovac. These brands offer NiMH batteries for several applications, such as digital cameras, handheld GPS devices, wireless gaming systems, toys, and more. The company operates over 40 locations and distributes in more than 140 countries. 

Panasonic Holdings Corporation

Panasonic Holdings Corporation is engaged in developing, manufacturing, and selling electrical products. The company operates through the following segments: Lifestyle, Automotive, Connect, Industry, and Energy. Under the Energy segment, the company offers cylindrical lithium-ion batteries for in-vehicle use, primary/secondary lithium batteries, dry batteries, lithium-ion batteries, nickel metal hydride batteries, and storage battery modules/ systems. Panasonic Holdings Corporation offers primary and secondary batteries for automotive and industrial applications. Secondary batteries include lithium-ion, nickel metal hydride, nickel cadmium, pin-type lithium-ion, and valve-regulated lead-acid batteries. These batteries are used in electric vehicles (EVs), backup base stations of mobile phones, electricity storage systems with solar power generation features, and industrial applications.


Duracell is a US-based manufacturer of high-performance alkaline batteries, specialty cells, Li-ion batteries, hearing aid batteries, and rechargeable NiMH batteries. Duracell batteries are used in many devices, such as torches/flashlights, heart rate monitors, headphones, gaming consoles, smoke detectors, and toys. The company primarily provides different types of alkaline batteries in various sizes. It also provides specialty batteries and coil/button batteries. Further, the company's Duracell rechargeable pre-charged NiMH batteries are being used in video game controllers, wireless electronics, baby monitors, and more. The company has a strong presence in Asia Pacific, North America, South America, and Europe.

Related Reports:

Nickel Metal Hydride (NiMH) Battery Market by Battery Type (A, AA, AAA, C, D, 9V), Size, Sales Channel (OEM, Aftermarket), Vertical (Automotive, Consumer Electronics, Healthcare, Industrial, Residential) and Region - Global Forecast to 2028

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Nickel Metal Hydride (NiMH) Battery Market Size,  Share & Growth Report
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