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Global Nickel-Metal Hydride Battery Industry Analysis By Geography
A nickel metal hydride battery is a type of rechargeable battery. The capacity of a nickel metal hydride battery can be two to three times more than that of a NiCd battery of an identical size, and its energy density can be similar to that of a lithium-ion battery. Additionally, the positive electrode's chemical reaction is comparable to that of the nickel-cadmium cell (NiCd), employing nickel oxide hydroxide in both cases (NiOOH). In place of cadmium, a hydrogen-absorbing alloy is used for the negative electrodes. These batteries are created using the reaction of cadmium and nickel to create standardised cylindrical forms that are compatible with nickel-cadmium batteries.
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By geography, North America is anticipated to hold the highest share during the forecast period. Owing to the increased use of hybrid cars, as well as telecommunications and medical device applications. Additionally, the growing number of research and development projects for battery advancements, the increased consumption of batteries across a variety of end-user industries, and the expanding popularity of consumer electronics in this region will all support the market's expansion.
Some of the key players profiled in the Nickel-Metal Hydride Battery Market include ARTS Energy, Corun USA, Duracell Inc., Energizer Holdings, Inc., FDK Corporation, GP Batteries International Limited, GS Yuasa International Ltd., Panasonic Corporation, Primearth EV Energy Co., Ltd., VARTA Microbattery GmbH, Saft, Honda, Great Power Energy, Spectrum Brands (Rayovac)
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● Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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