Asia Pacific Nickel Zinc Rechargeable Battery Market Size & Outlook
Asia Pacific nickel zinc rechargeable battery market, 2018-2030 (US$M)
Related Markets
Asia Pacific nickel zinc rechargeable battery market highlights
- The Asia Pacific nickel zinc rechargeable battery market generated a revenue of USD 5.4 million in 2023.
- The market is expected to grow at a CAGR of 21.8% from 2024 to 2030.
- In terms of segment, aaa battery was the largest revenue generating type in 2023.
- 5AA Battery is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 5.4 million |
| Market revenue in 2030 | USD 21.5 million |
| Growth rate | 21.8% (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 |
| Key market players worldwide | ZincFive, BetterPower Battery Co., Ansmann, EBLOFFICIAL, ZAF Energy Systems, EverZinc |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 39.6% of the global nickel zinc rechargeable battery market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 13.1 million by 2030.
Aaa battery was the largest segment with a revenue share of 48.15% in 2023. Horizon Databook has segmented the Asia Pacific nickel zinc rechargeable battery market based on 5aa battery, aaa battery covering the revenue growth of each sub-segment from 2018 to 2030.
The Asia Pacific nickel zinc rechargeable battery market is primarily driven by the growing demand for energy-efficient and environment-friendly power solutions. The increasing adoption of portable electronic devices and electric vehicles (EVs) in the region is fueling the need for reliable and high performance rechargeable batteries.
Government initiatives and policies aimed at promoting renewable energy and reducing carbon emissions are other factors contributing to market growth with many countries offering incentives and subsidies to encourage the adoption of energy storage technologies.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Nickel Zinc Rechargeable Battery Market Scope
Nickel Zinc Rechargeable Battery Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific nickel zinc rechargeable battery market size, by country, 2018-2030 (US$M)
Asia Pacific Nickel Zinc Rechargeable Battery Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
