| Product Code: ETC6359275 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Belgium saw a shift in the import landscape for nickel metal hydride batteries, with key suppliers including China, Hungary, South Korea, Netherlands, and Poland. The market concentration, as measured by the HHI index, decreased from high to moderate in 2024, indicating a more balanced supplier base. Despite a notable decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) over the 2020-2024 period remained strong at 11.83%, highlighting sustained demand for these batteries in Belgium. The changing dynamics in import sources and market concentration suggest a dynamic and evolving market environment for nickel metal hydride batteries in Belgium.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Belgium Nickel Metal Hydride Battery Market Overview |
3.1 Belgium Country Macro Economic Indicators |
3.2 Belgium Nickel Metal Hydride Battery Market Revenues & Volume, 2021 & 2031F |
3.3 Belgium Nickel Metal Hydride Battery Market - Industry Life Cycle |
3.4 Belgium Nickel Metal Hydride Battery Market - Porter's Five Forces |
3.5 Belgium Nickel Metal Hydride Battery Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Belgium Nickel Metal Hydride Battery Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Belgium Nickel Metal Hydride Battery Market Revenues & Volume Share, By Component, 2021 & 2031F |
4 Belgium Nickel Metal Hydride Battery Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for environmentally friendly energy storage solutions |
4.2.2 Technological advancements leading to improved performance of nickel metal hydride batteries |
4.2.3 Government initiatives promoting the use of renewable energy sources |
4.3 Market Restraints |
4.3.1 Competition from lithium-ion batteries which offer higher energy density and longer lifespan |
4.3.2 Limited recycling options for nickel metal hydride batteries leading to environmental concerns |
5 Belgium Nickel Metal Hydride Battery Market Trends |
6 Belgium Nickel Metal Hydride Battery Market, By Types |
6.1 Belgium Nickel Metal Hydride Battery Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Belgium Nickel Metal Hydride Battery Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Belgium Nickel Metal Hydride Battery Market Revenues & Volume, By Small-Sized Ni-MH Battery for Consumer Electronics, 2021- 2031F |
6.1.4 Belgium Nickel Metal Hydride Battery Market Revenues & Volume, By Large-Sized Ni-MH Battery for HEV, 2021- 2031F |
6.2 Belgium Nickel Metal Hydride Battery Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Belgium Nickel Metal Hydride Battery Market Revenues & Volume, By Automotive, 2021- 2031F |
6.2.3 Belgium Nickel Metal Hydride Battery Market Revenues & Volume, By Cordless Phone, 2021- 2031F |
6.2.4 Belgium Nickel Metal Hydride Battery Market Revenues & Volume, By Dust Collector, 2021- 2031F |
6.2.5 Belgium Nickel Metal Hydride Battery Market Revenues & Volume, By Personal Care, 2021- 2031F |
6.2.6 Belgium Nickel Metal Hydride Battery Market Revenues & Volume, By Lighting Tools, 2021- 2031F |
6.2.7 Belgium Nickel Metal Hydride Battery Market Revenues & Volume, By Electric Tool, 2021- 2031F |
6.3 Belgium Nickel Metal Hydride Battery Market, By Component |
6.3.1 Overview and Analysis |
6.3.2 Belgium Nickel Metal Hydride Battery Market Revenues & Volume, By Positive Electrode, 2021- 2031F |
6.3.3 Belgium Nickel Metal Hydride Battery Market Revenues & Volume, By Negative Electrode, 2021- 2031F |
6.3.4 Belgium Nickel Metal Hydride Battery Market Revenues & Volume, By Others, 2021- 2031F |
7 Belgium Nickel Metal Hydride Battery Market Import-Export Trade Statistics |
7.1 Belgium Nickel Metal Hydride Battery Market Export to Major Countries |
7.2 Belgium Nickel Metal Hydride Battery Market Imports from Major Countries |
8 Belgium Nickel Metal Hydride Battery Market Key Performance Indicators |
8.1 Average cost per kilowatt-hour of nickel metal hydride batteries |
8.2 Adoption rate of nickel metal hydride batteries in key industries |
8.3 Research and development investment in nickel metal hydride battery technology |
9 Belgium Nickel Metal Hydride Battery Market - Opportunity Assessment |
9.1 Belgium Nickel Metal Hydride Battery Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Belgium Nickel Metal Hydride Battery Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Belgium Nickel Metal Hydride Battery Market Opportunity Assessment, By Component, 2021 & 2031F |
10 Belgium Nickel Metal Hydride Battery Market - Competitive Landscape |
10.1 Belgium Nickel Metal Hydride Battery Market Revenue Share, By Companies, 2024 |
10.2 Belgium Nickel Metal Hydride Battery Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |