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 Growth & Trends
Global Ni-MH Battery Industry Growth and Trends Forecast to 2032
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 provides a structured, data-driven view of the global Ni-MH Battery market, combining harmonized quantitative metrics with targeted qualitative insight to support business and growth strategy, market positioning, and capital allocation.
The Ni-MH Battery market size, estimates, and forecasts are presented in terms of sales volume (M Units) and revenue (US$ million), with 2025 as the base year and historical and forecast data for 2021-2032. The report segments the global Ni-MH Battery market by Type, Application, region/country, and company, provides regional market sizes at the segment level, profiles the competitive landscape and key players and their market ranks, and reviews technology trends and new product developments relevant to Ni-MH Battery.
Key Companies & Market Share Insights
This section analyzes the strategies and performance of leading manufacturers in the global Ni-MH Battery market, including portfolio focus, innovation and product development, mergers and acquisitions, collaborations, and geographic expansion used to sustain or enhance competitive positions. It also summarizes recent corporate developments and key financial indicators and provides global revenue, price, and sales volume data by manufacturer for 2020-2025, enabling benchmarking of scale, pricing, and market share and supporting assessment of market concentration through indicators such as CR5 and CR10.
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: Introduces the study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 2: 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 3: Detailed analysis of Ni-MH Battery manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Sales, revenue of Ni-MH Battery in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.
Chapter 13: Concluding Insights 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 Market Overview
- 1.1 Product Definition
- 1.2 Global Market Growth Prospects
- 1.2.1 Global Ni-MH Battery Market Size Estimates and Forecasts (2021-2032)
- 1.2.2 Global Ni-MH Battery Sales Estimates and Forecasts (2021-2032)
- 1.3 Ni-MH Battery Market by Type
- 1.3.1 Small-Sized Ni-MH Battery for Consumer Electronics
- 1.3.2 Large-Sized Ni-MH Battery for HEV
- 1.4 Global Ni-MH Battery Market Size by Type
- 1.4.1 Global Ni-MH Battery Market Size Overview by Type (2021-2032)
- 1.4.2 Global Ni-MH Battery Historic Market Size Review by Type (2021-2026)
- 1.4.3 Global Ni-MH Battery Forecasted Market Size by Type (2027-2032)
- 1.5 Key Regions Market Size by Type
- 1.5.1 North America Ni-MH Battery Sales Breakdown by Type (2021-2026)
- 1.5.2 Europe Ni-MH Battery Sales Breakdown by Type (2021-2026)
- 1.5.3 Asia-Pacific Ni-MH Battery Sales Breakdown by Type (2021-2026)
- 1.5.4 South America Ni-MH Battery Sales Breakdown by Type (2021-2026)
- 1.5.5 Middle East and Africa Ni-MH Battery Sales Breakdown by Type (2021-2026)
2 Global Market Dynamics
- 2.1 Ni-MH Battery Industry Trends
- 2.2 Ni-MH Battery Industry Drivers
- 2.3 Ni-MH Battery Industry Opportunities and Challenges
- 2.4 Ni-MH Battery Industry Restraints
3 Market Competitive Landscape by Company
- 3.1 Global Top Players by Ni-MH Battery Revenue (2021-2026)
- 3.2 Global Top Players by Ni-MH Battery Sales (2021-2026)
- 3.3 Global Top Players by Ni-MH Battery Price (2021-2026)
- 3.4 Global Ni-MH Battery Industry Company Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Ni-MH Battery Major Company Production Sites & Headquarters
- 3.6 Global Ni-MH Battery Company, Product Type & Application
- 3.7 Global Ni-MH Battery Company Establishment Date
- 3.8 Market Competitive Analysis
- 3.8.1 Global Ni-MH Battery Market CR5 and HHI
- 3.8.2 Global Top 5 and 10 Ni-MH Battery Players Market Share by Revenue in 2025
- 3.8.3 2025 Ni-MH Battery Tier 1, Tier 2, and Tier 3
4 Ni-MH Battery Regional Status and Outlook
- 4.1 Global Ni-MH Battery Market Size and CAGR by Region: 2021 VS 2025 VS 2032
- 4.2 Global Ni-MH Battery Historic Market Size by Region
- 4.2.1 Global Ni-MH Battery Sales in Volume by Region (2021-2026)
- 4.2.2 Global Ni-MH Battery Sales in Value by Region (2021-2026)
- 4.2.3 Global Ni-MH Battery Sales (Volume & Value), Price and Gross Margin (2021-2026)
- 4.3 Global Ni-MH Battery Forecasted Market Size by Region
- 4.3.1 Global Ni-MH Battery Sales in Volume by Region (2027-2032)
- 4.3.2 Global Ni-MH Battery Sales in Value by Region (2027-2032)
- 4.3.3 Global Ni-MH Battery Sales (Volume & Value), Price and Gross Margin (2027-2032)
5 Ni-MH Battery by Application
- 5.1 Ni-MH Battery Market by Application
- 5.1.1 HEV
- 5.1.2 Retail Market
- 5.1.3 Cordless Phone
- 5.1.4 Dust Collector
- 5.1.5 Personal Care
- 5.1.6 Lighting Tools
- 5.1.7 Electric Tool
- 5.1.8 Others
- 5.2 Global Ni-MH Battery Market Size by Application
- 5.2.1 Global Ni-MH Battery Market Size Overview by Application (2021-2032)
- 5.2.2 Global Ni-MH Battery Historic Market Size Review by Application (2021-2026)
- 5.2.3 Global Ni-MH Battery Forecasted Market Size by Application (2027-2032)
- 5.3 Key Regions Market Size by Application
- 5.3.1 North America Ni-MH Battery Sales Breakdown by Application (2021-2026)
- 5.3.2 Europe Ni-MH Battery Sales Breakdown by Application (2021-2026)
- 5.3.3 Asia-Pacific Ni-MH Battery Sales Breakdown by Application (2021-2026)
- 5.3.4 South America Ni-MH Battery Sales Breakdown by Application (2021-2026)
- 5.3.5 Middle East and Africa Ni-MH Battery Sales Breakdown by Application (2021-2026)
6 Company Profiles
- 6.1 Primearth EV Energy
- 6.1.1 Primearth EV Energy Company Information
- 6.1.2 Primearth EV Energy Business Overview
- 6.1.3 Primearth EV Energy Ni-MH Battery Sales, Revenue and Gross Margin (2021-2026)
- 6.1.4 Primearth EV Energy Ni-MH Battery Product Portfolio
- 6.1.5 Primearth EV Energy Recent Developments
- 6.2 FDK
- 6.2.1 FDK Company Information
- 6.2.2 FDK Business Overview
- 6.2.3 FDK Ni-MH Battery Sales, Revenue and Gross Margin (2021-2026)
- 6.2.4 FDK Ni-MH Battery Product Portfolio
- 6.2.5 FDK Recent Developments
- 6.3 GP Batteries International
- 6.3.1 GP Batteries International Company Information
- 6.3.2 GP Batteries International Business Overview
- 6.3.3 GP Batteries International Ni-MH Battery Sales, Revenue and Gross Margin (2021-2026)
- 6.3.4 GP Batteries International Ni-MH Battery Product Portfolio
- 6.3.5 GP Batteries International Recent Developments
- 6.4 Highpower International Inc
- 6.4.1 Highpower International Inc Company Information
- 6.4.2 Highpower International Inc Business Overview
- 6.4.3 Highpower International Inc Ni-MH Battery Sales, Revenue and Gross Margin (2021-2026)
- 6.4.4 Highpower International Inc Ni-MH Battery Product Portfolio
- 6.4.5 Highpower International Inc Recent Developments
- 6.5 Corun
- 6.5.1 Corun Company Information
- 6.5.2 Corun Business Overview
- 6.5.3 Corun Ni-MH Battery Sales, Revenue and Gross Margin (2021-2026)
- 6.5.4 Corun Ni-MH Battery Product Portfolio
- 6.5.5 Corun Recent Developments
- 6.6 Panasonic
- 6.6.1 Panasonic Company Information
- 6.6.2 Panasonic Business Overview
- 6.6.3 Panasonic Ni-MH Battery Sales, Revenue and Gross Margin (2021-2026)
- 6.6.4 Panasonic Ni-MH Battery Product Portfolio
- 6.6.5 Panasonic Recent Developments
- 6.7 Huanyu battery
- 6.7.1 Huanyu battery Company Information
- 6.7.2 Huanyu battery Business Overview
- 6.7.3 Huanyu battery Ni-MH Battery Sales, Revenue and Gross Margin (2021-2026)
- 6.7.4 Huanyu battery Ni-MH Battery Product Portfolio
- 6.7.5 Huanyu battery Recent Developments
- 6.8 GS Yuasa
- 6.8.1 GS Yuasa Company Information
- 6.8.2 GS Yuasa Business Overview
- 6.8.3 GS Yuasa Ni-MH Battery Sales, Revenue and Gross Margin (2021-2026)
- 6.8.4 GS Yuasa Ni-MH Battery Product Portfolio
- 6.8.5 GS Yuasa Recent Developments
- 6.9 Spectrum Brands (Rayovac)
- 6.9.1 Spectrum Brands (Rayovac) Company Information
- 6.9.2 Spectrum Brands (Rayovac) Business Overview
- 6.9.3 Spectrum Brands (Rayovac) Ni-MH Battery Sales, Revenue and Gross Margin (2021-2026)
- 6.9.4 Spectrum Brands (Rayovac) Ni-MH Battery Product Portfolio
- 6.9.5 Spectrum Brands (Rayovac) Recent Developments
- 6.10 Lexel Battery (Coslight)
- 6.10.1 Lexel Battery (Coslight) Company Information
- 6.10.2 Lexel Battery (Coslight) Business Overview
- 6.10.3 Lexel Battery (Coslight) Ni-MH Battery Sales, Revenue and Gross Margin (2021-2026)
- 6.10.4 Lexel Battery (Coslight) Ni-MH Battery Product Portfolio
- 6.10.5 Lexel Battery (Coslight) Recent Developments
- 6.11 EPT Battery Co., Ltd
- 6.11.1 EPT Battery Co., Ltd Company Information
- 6.11.2 EPT Battery Co., Ltd Business Overview
- 6.11.3 EPT Battery Co., Ltd Ni-MH Battery Sales, Revenue and Gross Margin (2021-2026)
- 6.11.4 EPT Battery Co., Ltd Ni-MH Battery Product Portfolio
- 6.11.5 EPT Battery Co., Ltd Recent Developments
- 6.12 Energizer Holdings
- 6.12.1 Energizer Holdings Company Information
- 6.12.2 Energizer Holdings Business Overview
- 6.12.3 Energizer Holdings Ni-MH Battery Sales, Revenue and Gross Margin (2021-2026)
- 6.12.4 Energizer Holdings Ni-MH Battery Product Portfolio
- 6.12.5 Energizer Holdings Recent Developments
- 6.13 Great Power Energy
- 6.13.1 Great Power Energy Company Information
- 6.13.2 Great Power Energy Business Overview
- 6.13.3 Great Power Energy Ni-MH Battery Sales, Revenue and Gross Margin (2021-2026)
- 6.13.4 Great Power Energy Ni-MH Battery Product Portfolio
- 6.13.5 Great Power Energy Recent Developments
- 6.14 Suppo
- 6.14.1 Suppo Company Information
- 6.14.2 Suppo Business Overview
- 6.14.3 Suppo Ni-MH Battery Sales, Revenue and Gross Margin (2021-2026)
- 6.14.4 Suppo Ni-MH Battery Product Portfolio
- 6.14.5 Suppo Recent Developments
7 North America by Country
- 7.1 North America Ni-MH Battery Sales by Country
- 7.1.1 North America Ni-MH Battery Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.1.2 North America Ni-MH Battery Sales by Country (2021-2026)
- 7.1.3 North America Ni-MH Battery Sales Forecast by Country (2027-2032)
- 7.2 North America Ni-MH Battery Market Size by Country
- 7.2.1 North America Ni-MH Battery Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.2.2 North America Ni-MH Battery Market Size by Country (2021-2026)
- 7.2.3 North America Ni-MH Battery Market Size Forecast by Country (2027-2032)
8 Europe by Country
- 8.1 Europe Ni-MH Battery Sales by Country
- 8.1.1 Europe Ni-MH Battery Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.1.2 Europe Ni-MH Battery Sales by Country (2021-2026)
- 8.1.3 Europe Ni-MH Battery Sales Forecast by Country (2027-2032)
- 8.2 Europe Ni-MH Battery Market Size by Country
- 8.2.1 Europe Ni-MH Battery Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.2.2 Europe Ni-MH Battery Market Size by Country (2021-2026)
- 8.2.3 Europe Ni-MH Battery Market Size Forecast by Country (2027-2032)
9 Asia-Pacific by Country
- 9.1 Asia-Pacific Ni-MH Battery Sales by Country
- 9.1.1 Asia-Pacific Ni-MH Battery Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.1.2 Asia-Pacific Ni-MH Battery Sales by Country (2021-2026)
- 9.1.3 Asia-Pacific Ni-MH Battery Sales Forecast by Country (2027-2032)
- 9.2 Asia-Pacific Ni-MH Battery Market Size by Country
- 9.2.1 Asia-Pacific Ni-MH Battery Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.2.2 Asia-Pacific Ni-MH Battery Market Size by Country (2021-2026)
- 9.2.3 Asia-Pacific Ni-MH Battery Market Size Forecast by Country (2027-2032)
10 South America by Country
- 10.1 South America Ni-MH Battery Sales by Country
- 10.1.1 South America Ni-MH Battery Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.1.2 South America Ni-MH Battery Sales by Country (2021-2026)
- 10.1.3 South America Ni-MH Battery Sales Forecast by Country (2027-2032)
- 10.2 South America Ni-MH Battery Market Size by Country
- 10.2.1 South America Ni-MH Battery Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.2.2 South America Ni-MH Battery Market Size by Country (2021-2026)
- 10.2.3 South America Ni-MH Battery Market Size Forecast by Country (2027-2032)
11 Middle East and Africa by Country
- 11.1 Middle East and Africa Ni-MH Battery Sales by Country
- 11.1.1 Middle East and Africa Ni-MH Battery Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.1.2 Middle East and Africa Ni-MH Battery Sales by Country (2021-2026)
- 11.1.3 Middle East and Africa Ni-MH Battery Sales Forecast by Country (2027-2032)
- 11.2 Middle East and Africa Ni-MH Battery Market Size by Country
- 11.2.1 Middle East and Africa Ni-MH Battery Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.2.2 Middle East and Africa Ni-MH Battery Market Size by Country (2021-2026)
- 11.2.3 Middle East and Africa Ni-MH Battery Market Size Forecast by Country (2027-2032)
12 Value Chain and Sales Channels Analysis
- 12.1 Ni-MH Battery Value Chain Analysis
- 12.1.1 Ni-MH Battery Key Raw Materials
- 12.1.2 Key Raw Materials Price
- 12.1.3 Raw Materials Key Suppliers
- 12.1.4 Manufacturing Cost Structure
- 12.1.5 Ni-MH Battery Production Mode & Process
- 12.2 Ni-MH Battery Sales Channels Analysis
- 12.2.1 Direct Comparison with Distribution Share
- 12.2.2 Ni-MH Battery Distributors
- 12.2.3 Ni-MH Battery Customers
13 Concluding Insights
14 Appendix
- 14.1 Reasons for Doing This Study
- 14.2 Research Methodology
- 14.3 Research Process
- 14.4 Authors List of This Report
- 14.5 Data Source
- 14.5.1 Secondary Sources
- 14.5.2 Primary Sources
- 14.6 Disclaimer
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