U.S. Nickel Zinc Rechargeable Battery Market Size & Outlook
U.S. nickel zinc rechargeable battery market, 2018-2030 (US$M)
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U.S. nickel zinc rechargeable battery market highlights
- The U.S. nickel zinc rechargeable battery market generated a revenue of USD 2.5 million in 2023 and is expected to reach USD 10.3 million by 2030.
- The U.S. market is expected to grow at a CAGR of 22.1% 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 2.5 million |
| Market revenue in 2030 | USD 10.3 million |
| Growth rate | 22.1% (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, U.S. accounted for 18.6% 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 North America, U.S. nickel zinc rechargeable battery market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 2.1 million by 2030.
Aaa battery was the largest segment with a revenue share of 68% in 2023. Horizon Databook has segmented the U.S. nickel zinc rechargeable battery market based on 5aa battery, aaa battery covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing sales of electric vehicles in the U.S., owing to supportive federal policies and the presence of EVs manufacturing market players in the country, are expected to drive the demand for Nickel Zinc rechargeable batteries in the U.S. over the forecast period.
The federal policies include the American Recovery and Reinvestment Act of 2009, which offers tax credits to consumers for purchasing electric vehicles. The new Corporate Average Fuel Economy standards (CAFE) mandate the fuel economy of passenger cars and light commercial vehicles plying on roads in the U.S., resulting in the surged adoption of electric vehicles in the country.
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Nickel Zinc Rechargeable Battery Market Scope
Nickel Zinc Rechargeable Battery Market Companies
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U.S. nickel zinc rechargeable battery market size, by type, 2018-2030 (US$M)
U.S. Nickel Zinc Rechargeable Battery Market Outlook Share, 2023 & 2030 (US$M)
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