Brazil Nickel Zinc Rechargeable Battery Market Size & Outlook
Brazil nickel zinc rechargeable battery market, 2018-2030 (US$M)
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Brazil nickel zinc rechargeable battery market highlights
- The Brazil nickel zinc rechargeable battery market generated a revenue of USD 0.6 million in 2023 and is expected to reach USD 2.5 million by 2030.
- The Brazil market is expected to grow at a CAGR of 23.1% 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.
Nickel zinc rechargeable battery market data book summary
| Market revenue in 2023 | USD 0.6 million |
| Market revenue in 2030 | USD 2.5 million |
| Growth rate | 23.1% (CAGR from 2023 to 2030) |
| Largest segment | Aaa battery |
| Fastest growing segment | 5AA Battery |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Brazil accounted for 4.3% of the global nickel zinc rechargeable battery market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil nickel zinc rechargeable battery market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 1.5 million by 2030.
Aaa battery was the largest segment with a revenue share of 66.67% in 2023. Horizon Databook has segmented the Brazil nickel zinc rechargeable battery market based on 5aa battery, aaa battery covering the revenue growth of each sub-segment from 2018 to 2030.
The surging popularity of EVs in Brazil that require high-performance rechargeable batteries is a major factor fueling the growth of nickel zinc rechargeable battery market in the country. Additionally, the surging demand for portable electronics such as smartphones, laptops, and power banks is further contributing to the growth of the market.
In June 2024, Scala Data Centers announced an investment of USD 183 thousand for developing a major data center campus that spans an area of 24,000 square meters. The building will add 13.5 MW of IT capacity to Scala data centers in Brazil.
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Nickel Zinc Rechargeable Battery Market Scope
Nickel Zinc Rechargeable Battery Market Companies
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Brazil nickel zinc rechargeable battery market size, by type, 2018-2030 (US$M)
Brazil Nickel Zinc Rechargeable Battery Market Outlook Share, 2023 & 2030 (US$M)
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