Japan Nickel Zinc Rechargeable Battery Market Size & Outlook
Japan nickel zinc rechargeable battery market, 2018-2030 (US$M)
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Japan nickel zinc rechargeable battery market highlights
- The Japan nickel zinc rechargeable battery market generated a revenue of USD 0.6 million in 2023 and is expected to reach USD 1.7 million by 2030.
- The Japan market is expected to grow at a CAGR of 17.3% 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 1.7 million |
| Growth rate | 17.3% (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, Japan accounted for 4.0% 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 50% in 2023. Horizon Databook has segmented the Japan nickel zinc rechargeable battery market based on 5aa battery, aaa battery covering the revenue growth of each sub-segment from 2018 to 2030.
Japan is witnessing a growing demand for nickel-zinc rechargeable batteries as a cost-effective and environmentally friendly alternative to lithium-ion batteries. In October 2022, Nippon Shokubai, a major Japanese chemical group, announced its plans to scale up the production of separators for zinc batteries to support the emerging supply chain.
The development of more powerful and long-lasting nickel-zinc cells could provide a viable option for stationary energy storage and uninterruptible power supply applications in Japan. The inclination of electrical component manufacturers toward manufacturing nickel-zinc rechargeable battery components is expected to foster demand for nickel-zinc rechargeable batteries in the country over the forecast period.
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Nickel Zinc Rechargeable Battery Market Scope
Nickel Zinc Rechargeable Battery Market Companies
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Japan nickel zinc rechargeable battery market size, by type, 2018-2030 (US$M)
Japan Nickel Zinc Rechargeable Battery Market Outlook Share, 2023 & 2030 (US$M)
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