China Nickel Zinc Rechargeable Battery Market Size & Outlook
China nickel zinc rechargeable battery market, 2018-2030 (US$M)
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China nickel zinc rechargeable battery market highlights
- The China nickel zinc rechargeable battery market generated a revenue of USD 2.1 million in 2023 and is expected to reach USD 8.9 million by 2030.
- The China market is expected to grow at a CAGR of 22.7% 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 2.1 million |
| Market revenue in 2030 | USD 8.9 million |
| Growth rate | 22.7% (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, China accounted for 15.6% 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 Asia Pacific, China nickel zinc rechargeable battery market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 4.2 million by 2030.
Aaa battery was the largest segment with a revenue share of 47.62% in 2023. Horizon Databook has segmented the China nickel zinc rechargeable battery market based on 5aa battery, aaa battery covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of the nickel zinc rechargeable battery market in China is driven by the increasing demand for rechargeable batteries in the data center and portable device manufacturing sectors. The expansion of data centers in China, fueled by the country's rapid digitalization and adoption of cloud computing, is a key factor driving the regional market.
Nickel-zinc batteries are well-suited for data center applications due to their high energy density, fast charging capabilities, and long cycle life.
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Nickel Zinc Rechargeable Battery Market Scope
Nickel Zinc Rechargeable Battery Market Companies
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China nickel zinc rechargeable battery market size, by type, 2018-2030 (US$M)
China Nickel Zinc Rechargeable Battery Market Outlook Share, 2023 & 2030 (US$M)
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