Germany Nickel Zinc Rechargeable Battery Market Size & Outlook
Germany nickel zinc rechargeable battery market, 2018-2030 (US$M)
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Germany nickel zinc rechargeable battery market highlights
- The Germany nickel zinc rechargeable battery market generated a revenue of USD 0.6 million in 2023 and is expected to reach USD 3.1 million by 2030.
- The Germany market is expected to grow at a CAGR of 26.7% 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 0.6 million |
| Market revenue in 2030 | USD 3.1 million |
| Growth rate | 26.7% (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, Germany 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 Europe, Germany nickel zinc rechargeable battery market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 2.0 million by 2030.
Aaa battery was the largest segment with a revenue share of 50% in 2023. Horizon Databook has segmented the Germany nickel zinc rechargeable battery market based on 5aa battery, aaa battery covering the revenue growth of each sub-segment from 2018 to 2030.
The Germany nickel zinc rechargeable battery market is experiencing robust growth, due to several key factors. One of the primary drivers is the surging demand for electric vehicles in the country. Germany, a global automotive powerhouse, has seen a significant increase in new electric car registrations in recent years as consumers become more environmentally conscious.
According to the International Energy Agency (IEA), Germany became the third country after China and the U.S. to record half a million EV registrations in 2023. Moreover, 18% of car sales accounted for battery electric cars (6% plug-in hybrid vehicles). Increasing adoption of EVs is expected to foster the demand for nickel zinc rechargeable batteries in the coming years.
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Nickel Zinc Rechargeable Battery Market Scope
Nickel Zinc Rechargeable Battery Market Companies
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Germany nickel zinc rechargeable battery market size, by type, 2018-2030 (US$M)
Germany Nickel Zinc Rechargeable Battery Market Outlook Share, 2023 & 2030 (US$M)
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