Nordic Countries Nickel Zinc Rechargeable Battery Market Size & Outlook
Nordic Countries nickel zinc rechargeable battery market, 2018-2030 (US$M)
Related Markets
Nordic Countries nickel zinc rechargeable battery market highlights
- The Nordic Countries nickel zinc rechargeable battery market generated a revenue of USD 0.2 million in 2023 and is expected to reach USD 0.6 million by 2030.
- The Nordic Countries market is expected to grow at a CAGR of 23% 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 0.2 million |
| Market revenue in 2030 | USD 0.6 million |
| Growth rate | 23% (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, Nordic Countries accounted for 1.1% 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 Nordic Countries nickel zinc rechargeable battery market based on 5aa battery, aaa battery covering the revenue growth of each sub-segment from 2018 to 2030.
The Nordic market is poised for growth, driven by the region's strong focus on renewable energy. Nordic countries, such as Norway, Sweden, and Denmark, have set ambitious targets to reduce carbon emissions and increase the adoption of EVs.
This has created a rising demand for efficient and reliable battery solutions, like nickel zinc rechargeable batteries, which offer superior energy density and are well-suited for powering EVs and energy storage systems.
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 |
|---|
Nordic Countries nickel zinc rechargeable battery market size, by type, 2018-2030 (US$M)
Nordic Countries 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
