“Strong replacement of nickel-cadmium batteries enhancing the global nimh battery market”
According to the OMR analysis, the global NiMH battery market is expected to grow significantly during forecast year due to replacement of NiCd batteries. The global NiMH battery market is segmented on the basis of technology and application. The report provides detailed and insightful chapters on market overview, key findings, strategic recommendations, market estimations, market determinants, key company analysis, market insights, company profiling, market segmentation, geographical analysis, analyst insights and predictive analysis of the market.
Full report of global NiMH battery market is available at: Global NiMH Battery Market
The major factor that contributing in the growth in the NiMH Battery market is the good alternative for the NiCd batteries. Cadmium is a toxic substance and disposing these batteries in the environment causes several different harmful effects on humans as well as on environment. There have been several regulations regarding the disposing and recycling of these NiCd batteries. In the US, federal law requires, with certain exceptions, used nickel cadmium (Ni-Cd) and lead (Pb) batteries to be managed as Universal Waste (40 CFR Part 273). According to Universal Waste Rule, it forbids handlers such as the contractors from disposing waste Ni-Cd and Pb batteries and further indicates that these batteries must be sent for recycling. NiCd batteries are allowed for use in emergency systems and lighting, such as alarms, and in medical equipment. In other appliances, they are being replaced mainly by NiMH batteries and Lithium-Ion (Li-Ion) alternatives. Cadmium, which is carcinogenic and toxic for the aquatic environment, is already banned in jewelry, brazing sticks and all plastics, under the REACH regulation on chemicals. Battery disposal management is crucial for countries as it has drastic impact on the environment. With the disposing NiCd batteries, cadmium is effortlessly taken up by plant establishes and gathers in natural products, vegetables and grass. The polluted water and plants are devoured by humans and animals, which can result large group of sick impacts. Due to this there are several impacts on the human as well as on the environment. In terms of human the dumping, burning of battery waste causes several problems such as liver, kidney damage; it causes irritation to skin, headache, and several respiratory diseases such as asthma and so on. This is increasing the adoption of NiMH batteries. AEG Powertools, Cell-Con, Duracell, GP batteries, Harding energy, Johnson controls, Panasonic, BASF, Power-sonic corporation, Supreme batteries Pvt. Ltd, Energizer and others are contributing significantly in the NiMH Battery market.
Global NiMH battery market by region is segmented into North America, Europe, Asia pacific and rest of the world in which Asia pacific region is growing at a significant rate due to good economical property than the other batteries such as NiCd batteries. North America is dominating this market as the major market leaders are situated in this region. North America holds the significant market share of the global NiMH Battery market, followed by Europe.
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The report covers:
Comprehensive research methodology of Global NiMH battery Market.
This report also includes detailed and extensive market overview with Analyst insights & key market trends.
Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the Global NiMH battery Market.
Insights about market determinants which are stimulating the Global NiMH battery Market.
Detailed and extensive market segments with regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.