Global Nickel Zinc Rechargeable Battery Market Size & Outlook
The nickel zinc rechargeable battery industry worldwide is expected to reach a projected revenue of US$ 59.2 million by 2030. A compound annual growth rate of 23.4% is expected of the worldwide nickel zinc rechargeable battery industry from 2024 to 2030.
Revenue, 2023 (US$M)
$13.6
Forecast, 2030 (US$M)
$59.2
CAGR, 2024 - 2030
23.4%
Report Coverage
Worldwide
Global nickel zinc rechargeable battery market, 2018-2030 (US$M)
Related Markets
Global nickel zinc rechargeable battery market highlights
- The global nickel zinc rechargeable battery market generated a revenue of USD 13.6 million in 2023 and is expected to reach USD 59.2 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 23.4% by 2030.
- In terms of segment, aaa battery accounted for a revenue of USD 7.4 million in 2023.
- 5AA Battery is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, South Korea is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 13.6 million |
| Market revenue in 2030 | USD 59.2 million |
| Growth rate | 23.4% (CAGR from 2023 to 2030) |
| Largest segment | Aaa battery |
| Fastest growing segment | 5AA Battery |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | 5AA Battery, AAA Battery |
Other key industry trends
- In terms of revenue, the North America accounted for 25.0% of the global nickel zinc rechargeable battery market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, South Korea is the fastest growing regional market and is projected to reach USD 1.6 million by 2030.
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Nickel Zinc Rechargeable Battery Market Scope
Nickel zinc rechargeable battery market segmentation & scope
Nickel Zinc Rechargeable Battery Market Companies
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Global nickel zinc rechargeable battery market size, by regions, 2018-2030 (US$M)
Top 10 countries: Nickel zinc rechargeable battery market size, 2023 (US$M)
Global nickel zinc rechargeable battery market share, by type, 2023 & 2030 (%, US$M)
Nickel zinc rechargeable battery market: Opportunity assessment by country
Global nickel zinc rechargeable battery market, by region, 2023 (US$M)
| Type | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 2.3 | 2.8 | 2.3 | 2.6 | 2.8 | 3.4 | 4.0 | 4.9 | 6.1 | 7.6 | 9.6 | 12.3 | 16.0 | 24.8% |
| Europe | 1.8 | 2.2 | 1.9 | 2.1 | 2.3 | 2.7 | 3.2 | 4.0 | 4.9 | 6.1 | 7.8 | 10.1 | 13.1 | 25.2% |
| Asia Pacific | 4.2 | 4.9 | 4.0 | 4.3 | 4.6 | 5.4 | 6.2 | 7.4 | 8.9 | 10.9 | 13.5 | 16.9 | 21.5 | 21.8% |
| Latin America | 0.8 | 1.0 | 0.8 | 0.9 | 0.9 | 1.1 | 1.3 | 1.5 | 1.8 | 2.2 | 2.7 | 3.4 | 4.4 | 22.0% |
| MEA | 0.7 | 0.9 | 0.7 | 0.8 | 0.9 | 1.0 | 1.2 | 1.4 | 1.7 | 2.1 | 2.6 | 3.3 | 4.2 | 22.6% |
| Overall | 9.9 | 11.7 | 9.7 | 10.6 | 11.5 | 13.6 | 16.0 | 19.3 | 23.4 | 28.9 | 36.2 | 46.0 | 59.2 | 23.4% |
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