Vietnam Nickel Zinc Rechargeable Battery Market Size & Outlook
Vietnam nickel zinc rechargeable battery market, 2018-2030 (US$M)
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Vietnam nickel zinc rechargeable battery market highlights
- The Vietnam nickel zinc rechargeable battery market generated a revenue of USD 0.1 million in 2023 and is expected to reach USD 0.2 million by 2030.
- The Vietnam market is expected to grow at a CAGR of 17% 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 0.1 million |
| Market revenue in 2030 | USD 0.2 million |
| Growth rate | 17% (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, Vietnam accounted for 0.4% 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 0% in 2023. Horizon Databook has segmented the Vietnam nickel zinc rechargeable battery market based on 5aa battery, aaa battery covering the revenue growth of each sub-segment from 2018 to 2030.
Vietnam's booming IT sector and increasing reliance on data centers create a strong need for reliable power backup solutions. NiZn batteries, with their high cycle life and rapid recharge capabilities, are ideal for UPS systems in these facilities.
The Vietnamese electric vehicle (EV) market could benefit from NiZn batteries. While they might not be suitable for long-range EVs, their high power density and safety features make them perfect for shortrange EVs like electric motorbikes, a popular mode of transportation in Vietnam.
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Nickel Zinc Rechargeable Battery Market Scope
Nickel Zinc Rechargeable Battery Market Companies
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Vietnam nickel zinc rechargeable battery market size, by type, 2018-2030 (US$M)
Vietnam Nickel Zinc Rechargeable Battery Market Outlook Share, 2023 & 2030 (US$M)
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