APO RESEARCH · REPORT
Ni-MH Battery
Nickel-metal hydride batteries use a nickel-based positive electrode and a hydrogen-storage alloy negative electrode with alkaline electrolyte.
Product & engineering
Understand the product.
The active components of a rechargeable NiMH battery in the charged state consist of nickel hydroxide (NiOOH) in the positive electrode and a hydrogen storing metal alloy (MH) in the negative electrode as well as an alkaline electrolyte.
Charging method, temperature and overcharge conditions affect service behaviour. Backup operation and frequent cycling require different acceptance patterns. Nominal capacity does not establish equal performance at every discharge rate.
What turns activity into demand
A standby cell and a frequently cycled cell can have different requirements despite matching physical size. Demand needs an application and service-cycle bridge. Separate cells, assembled packs and charging equipment. A rechargeable replacement must be compatible with the device and charging arrangement.
The commercial boundary
Separate cells, assembled packs and charging equipment. A rechargeable replacement must be compatible with the device and charging arrangement.
Technical reading
Selected research
Industry Research
Ni-MH Battery Industry Research Report 2026
Market perspective
The active components of a rechargeable NiMH battery in the charged state consist of nickel hydroxide (NiOOH) in the positive electrode and a hydrogen storing metal alloy (MH) in the negative electrode as well as an alkaline electrolyte.
Global Ni-MH Battery key players include Primearth EV Energy, FDK, GP Batteries International, Corun, etc. Global top four manufacturers hold a share over 45%.
North America is the largest market, with a share about 30%, followed by China, and Europe, both have a share about 40 percent.
Read the full market overview
In terms of product, Small-sized battery is the largest segment, with a share nearly 80%. And in terms of application, the largest application is Retail market, followed by HEV, Cordless phone, Personal care, etc.
Report Scope
This report quantifies the global Ni-MH Battery market in revenue (US$ million) and, where applicable, sales volume (M Units), using 2025 as the base year and providing annual historical and forecast data for 2021–2032.
It standardizes definitions of types and applications, harmonizes vendor attribution, and presents comparable time series by company, type, application, and region/country, including indicative price bands (US$/M Units) and concentration ratios (CR5/CR10).
The outputs are intended to support strategy development, budgeting, and performance benchmarking for manufacturers, new entrants, channel partners, and investors; the report also reviews technology shifts and notable product introductions relevant to Ni-MH Battery.
Key Companies & Market Share Insights
This section profiles leading manufacturers, combining 2021–2025 results with a 2026–2032 outlook. It reports revenue, market share, price bands, product and application mix, regional and channel mix, and key developments (M&A, capacity additions, certifications). It also provides global revenue, average price, and—where applicable—sales volume by manufacturer, and calculates CR5/CR10 and rank changes to support comparative benchmarking.
Ni-MH Battery Market by Company
Primearth EV Energy
FDK
GP Batteries International
Highpower International Inc
Corun
Panasonic
Huanyu battery
GS Yuasa
Spectrum Brands (Rayovac)
Lexel Battery (Coslight)
EPT Battery Co., Ltd
Energizer Holdings
Great Power Energy
Suppo
Ni-MH Battery Segment by Type
Small-Sized Ni-MH Battery for Consumer Electronics
Large-Sized Ni-MH Battery for HEV
Ni-MH Battery Segment by Application
HEV
Retail Market
Cordless Phone
Dust Collector
Personal Care
Lighting Tools
Electric Tool
Others
Ni-MH Battery Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Colombia
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Ni-MH Battery market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Ni-MH Battery and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Ni-MH Battery.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Detailed analysis of Ni-MH Battery manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 5: Production/output, value of Ni-MH Battery by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 6: Consumption of Ni-MH Battery in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 7: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 11: The main points and conclusions of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Small-Sized Ni-MH Battery for Consumer Electronics
- Large-Sized Ni-MH Battery for HEV
Applications
- HEV
- Retail Market
- Cordless Phone
- Dust Collector
- Personal Care
- Lighting Tools
- Electric Tool
- Others
Companies covered
- Primearth EV Energy
- FDK
- GP Batteries International
- Highpower International Inc
- Corun
- Panasonic
- Huanyu battery
- GS Yuasa
- Spectrum Brands (Rayovac)
- Lexel Battery (Coslight)
- EPT Battery Co., Ltd
- Energizer Holdings
- Great Power Energy
- Suppo
Inside the report.
1 Preface
- 1.1 Scope of Report
- 1.2 Reasons for Doing This Study
- 1.3 Research Methodology
- 1.4 Research Process
- 1.5 Data Source
- 1.5.1 Secondary Sources
- 1.5.2 Primary Sources
2 Market Overview
- 2.1 Product Definition
- 2.2 Ni-MH Battery by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032) & (US$ Million)
- 2.2.2 Small-Sized Ni-MH Battery for Consumer Electronics
- 2.2.3 Large-Sized Ni-MH Battery for HEV
- 2.3 Ni-MH Battery by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032) & (US$ Million)
- 2.3.2 HEV
- 2.3.3 Retail Market
- 2.3.4 Cordless Phone
- 2.3.5 Dust Collector
- 2.3.6 Personal Care
- 2.3.7 Lighting Tools
- 2.3.8 Electric Tool
- 2.3.9 Others
- 2.4 Global Market Growth Prospects
- 2.4.1 Global Ni-MH Battery Production Value Estimates and Forecasts (2021-2032)
- 2.4.2 Global Ni-MH Battery Production Capacity Estimates and Forecasts (2021-2032)
- 2.4.3 Global Ni-MH Battery Production Estimates and Forecasts (2021-2032)
- 2.4.4 Global Ni-MH Battery Market Average Price (2021-2032)
3 Market Competitive Landscape by Manufacturers
- 3.1 Global Ni-MH Battery Production by Manufacturers (2021-2026)
- 3.2 Global Ni-MH Battery Production Value by Manufacturers (2021-2026)
- 3.3 Global Ni-MH Battery Average Price by Manufacturers (2021-2026)
- 3.4 Global Ni-MH Battery Industry Manufacturers Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Ni-MH Battery Key Manufacturers, Manufacturing Sites & Headquarters
- 3.6 Global Ni-MH Battery Manufacturers, Product Type & Application
- 3.7 Global Ni-MH Battery Manufacturers Established Date
- 3.8 Global Ni-MH Battery Market CR5 and HHI
- 3.9 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
- 4.1 Primearth EV Energy
- 4.1.1 Primearth EV Energy Ni-MH Battery Company Information
- 4.1.2 Primearth EV Energy Ni-MH Battery Business Overview
- 4.1.3 Primearth EV Energy Ni-MH Battery Production, Value and Gross Margin (2021-2026)
- 4.1.4 Primearth EV Energy Product Portfolio
- 4.1.5 Primearth EV Energy Recent Developments
- 4.2 FDK
- 4.2.1 FDK Ni-MH Battery Company Information
- 4.2.2 FDK Ni-MH Battery Business Overview
- 4.2.3 FDK Ni-MH Battery Production, Value and Gross Margin (2021-2026)
- 4.2.4 FDK Product Portfolio
- 4.2.5 FDK Recent Developments
- 4.3 GP Batteries International
- 4.3.1 GP Batteries International Ni-MH Battery Company Information
- 4.3.2 GP Batteries International Ni-MH Battery Business Overview
- 4.3.3 GP Batteries International Ni-MH Battery Production, Value and Gross Margin (2021-2026)
- 4.3.4 GP Batteries International Product Portfolio
- 4.3.5 GP Batteries International Recent Developments
- 4.4 Highpower International Inc
- 4.4.1 Highpower International Inc Ni-MH Battery Company Information
- 4.4.2 Highpower International Inc Ni-MH Battery Business Overview
- 4.4.3 Highpower International Inc Ni-MH Battery Production, Value and Gross Margin (2021-2026)
- 4.4.4 Highpower International Inc Product Portfolio
- 4.4.5 Highpower International Inc Recent Developments
- 4.5 Corun
- 4.5.1 Corun Ni-MH Battery Company Information
- 4.5.2 Corun Ni-MH Battery Business Overview
- 4.5.3 Corun Ni-MH Battery Production, Value and Gross Margin (2021-2026)
- 4.5.4 Corun Product Portfolio
- 4.5.5 Corun Recent Developments
- 4.6 Panasonic
- 4.6.1 Panasonic Ni-MH Battery Company Information
- 4.6.2 Panasonic Ni-MH Battery Business Overview
- 4.6.3 Panasonic Ni-MH Battery Production, Value and Gross Margin (2021-2026)
- 4.6.4 Panasonic Product Portfolio
- 4.6.5 Panasonic Recent Developments
- 4.7 Huanyu battery
- 4.7.1 Huanyu battery Ni-MH Battery Company Information
- 4.7.2 Huanyu battery Ni-MH Battery Business Overview
- 4.7.3 Huanyu battery Ni-MH Battery Production, Value and Gross Margin (2021-2026)
- 4.7.4 Huanyu battery Product Portfolio
- 4.7.5 Huanyu battery Recent Developments
- 4.8 GS Yuasa
- 4.8.1 GS Yuasa Ni-MH Battery Company Information
- 4.8.2 GS Yuasa Ni-MH Battery Business Overview
- 4.8.3 GS Yuasa Ni-MH Battery Production, Value and Gross Margin (2021-2026)
- 4.8.4 GS Yuasa Product Portfolio
- 4.8.5 GS Yuasa Recent Developments
- 4.9 Spectrum Brands (Rayovac)
- 4.9.1 Spectrum Brands (Rayovac) Ni-MH Battery Company Information
- 4.9.2 Spectrum Brands (Rayovac) Ni-MH Battery Business Overview
- 4.9.3 Spectrum Brands (Rayovac) Ni-MH Battery Production, Value and Gross Margin (2021-2026)
- 4.9.4 Spectrum Brands (Rayovac) Product Portfolio
- 4.9.5 Spectrum Brands (Rayovac) Recent Developments
- 4.10 Lexel Battery (Coslight)
- 4.10.1 Lexel Battery (Coslight) Ni-MH Battery Company Information
- 4.10.2 Lexel Battery (Coslight) Ni-MH Battery Business Overview
- 4.10.3 Lexel Battery (Coslight) Ni-MH Battery Production, Value and Gross Margin (2021-2026)
- 4.10.4 Lexel Battery (Coslight) Product Portfolio
- 4.10.5 Lexel Battery (Coslight) Recent Developments
- 4.11 EPT Battery Co., Ltd
- 4.11.1 EPT Battery Co., Ltd Ni-MH Battery Company Information
- 4.11.2 EPT Battery Co., Ltd Ni-MH Battery Business Overview
- 4.11.3 EPT Battery Co., Ltd Ni-MH Battery Production, Value and Gross Margin (2021-2026)
- 4.11.4 EPT Battery Co., Ltd Product Portfolio
- 4.11.5 EPT Battery Co., Ltd Recent Developments
- 4.12 Energizer Holdings
- 4.12.1 Energizer Holdings Ni-MH Battery Company Information
- 4.12.2 Energizer Holdings Ni-MH Battery Business Overview
- 4.12.3 Energizer Holdings Ni-MH Battery Production, Value and Gross Margin (2021-2026)
- 4.12.4 Energizer Holdings Product Portfolio
- 4.12.5 Energizer Holdings Recent Developments
- 4.13 Great Power Energy
- 4.13.1 Great Power Energy Ni-MH Battery Company Information
- 4.13.2 Great Power Energy Ni-MH Battery Business Overview
- 4.13.3 Great Power Energy Ni-MH Battery Production, Value and Gross Margin (2021-2026)
- 4.13.4 Great Power Energy Product Portfolio
- 4.13.5 Great Power Energy Recent Developments
- 4.14 Suppo
- 4.14.1 Suppo Ni-MH Battery Company Information
- 4.14.2 Suppo Ni-MH Battery Business Overview
- 4.14.3 Suppo Ni-MH Battery Production, Value and Gross Margin (2021-2026)
- 4.14.4 Suppo Product Portfolio
- 4.14.5 Suppo Recent Developments
5 Global Ni-MH Battery Production by Region
- 5.1 Global Ni-MH Battery Production Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.2 Global Ni-MH Battery Production by Region: 2021-2032
- 5.2.1 Global Ni-MH Battery Production by Region: 2021-2026
- 5.2.2 Global Ni-MH Battery Production Forecast by Region (2027-2032)
- 5.3 Global Ni-MH Battery Production Value Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.4 Global Ni-MH Battery Production Value by Region: 2021-2032
- 5.4.1 Global Ni-MH Battery Production Value by Region: 2021-2026
- 5.4.2 Global Ni-MH Battery Production Value Forecast by Region (2027-2032)
- 5.5 Global Ni-MH Battery Market Price Analysis by Region (2021-2026)
- 5.6 Global Ni-MH Battery Production and Value, YOY Growth
- 5.6.1 North America Ni-MH Battery Production Value Estimates and Forecasts (2021-2032)
- 5.6.2 Europe Ni-MH Battery Production Value Estimates and Forecasts (2021-2032)
- 5.6.3 China Ni-MH Battery Production Value Estimates and Forecasts (2021-2032)
- 5.6.4 Japan Ni-MH Battery Production Value Estimates and Forecasts (2021-2032)
- 5.6.5 South Korea Ni-MH Battery Production Value Estimates and Forecasts (2021-2032)
6 Global Ni-MH Battery Consumption by Region
- 6.1 Global Ni-MH Battery Consumption Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 6.2 Global Ni-MH Battery Consumption by Region (2021-2032)
- 6.2.1 Global Ni-MH Battery Consumption by Region: 2021-2026
- 6.2.2 Global Ni-MH Battery Forecasted Consumption by Region (2027-2032)
- 6.3 North America
- 6.3.1 North America Ni-MH Battery Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.3.2 North America Ni-MH Battery Consumption by Country (2021-2032)
- 6.3.3 United States
- 6.3.4 Canada
- 6.3.5 Mexico
- 6.4 Europe
- 6.4.1 Europe Ni-MH Battery Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.4.2 Europe Ni-MH Battery Consumption by Country (2021-2032)
- 6.4.3 Germany
- 6.4.4 France
- 6.4.5 U.K.
- 6.4.6 Italy
- 6.4.7 Russia
- 6.4.8 Spain
- 6.4.9 Netherlands
- 6.4.10 Switzerland
- 6.4.11 Sweden
- 6.4.12 Poland
- 6.5 Asia Pacific
- 6.5.1 Asia Pacific Ni-MH Battery Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.5.2 Asia Pacific Ni-MH Battery Consumption by Country (2021-2032)
- 6.5.3 China
- 6.5.4 Japan
- 6.5.5 South Korea
- 6.5.6 India
- 6.5.7 Australia
- 6.5.8 Taiwan
- 6.5.9 Southeast Asia
- 6.6 South America, Middle East & Africa
- 6.6.1 South America, Middle East & Africa Ni-MH Battery Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.6.2 South America, Middle East & Africa Ni-MH Battery Consumption by Country (2021-2032)
- 6.6.3 Brazil
- 6.6.4 Argentina
- 6.6.5 Chile
- 6.6.6 Turkey
- 6.6.7 GCC Countries
7 Segment by Type
- 7.1 Global Ni-MH Battery Production by Type (2021-2032)
- 7.1.1 Global Ni-MH Battery Production by Type (2021-2032) & (M Units)
- 7.1.2 Global Ni-MH Battery Production Market Share by Type (2021-2032)
- 7.2 Global Ni-MH Battery Production Value by Type (2021-2032)
- 7.2.1 Global Ni-MH Battery Production Value by Type (2021-2032) & (US$ Million)
- 7.2.2 Global Ni-MH Battery Production Value Market Share by Type (2021-2032)
- 7.3 Global Ni-MH Battery Price by Type (2021-2032)
8 Segment by Application
- 8.1 Global Ni-MH Battery Production by Application (2021-2032)
- 8.1.1 Global Ni-MH Battery Production by Application (2021-2032) & (M Units)
- 8.1.2 Global Ni-MH Battery Production Market Share by Application (2021-2032)
- 8.2 Global Ni-MH Battery Production Value by Application (2021-2032)
- 8.2.1 Global Ni-MH Battery Production Value by Application (2021-2032) & (US$ Million)
- 8.2.2 Global Ni-MH Battery Production Value Market Share by Application (2021-2032)
- 8.3 Global Ni-MH Battery Price by Application (2021-2032)
9 Value Chain and Sales Channels Analysis of the Market
- 9.1 Ni-MH Battery Value Chain Analysis
- 9.1.1 Ni-MH Battery Key Raw Materials
- 9.1.2 Raw Materials Key Suppliers
- 9.1.3 Ni-MH Battery Production Mode & Process
- 9.2 Ni-MH Battery Sales Channels Analysis
- 9.2.1 Direct Comparison with Distribution Share
- 9.2.2 Ni-MH Battery Distributors
- 9.2.3 Ni-MH Battery Customers
10 Global Ni-MH Battery Analyzing Market Dynamics
- 10.1 Ni-MH Battery Industry Trends
- 10.2 Ni-MH Battery Industry Drivers
- 10.3 Ni-MH Battery Industry Opportunities and Challenges
- 10.4 Ni-MH Battery Industry Restraints
11 Report Conclusion
12 Disclaimer
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