Global rechargeable battery market growth is positively influenced by factors like growing demand for lead-acid battery replacement from automotive industries across the world, which will drive the market at 8.2% CAGR during 2015 to 2019.
Analysts say main difference between NiMH and Li-ion batteries is the material used for power storage. Li-ion batteries consist of carbon and highly reactive lithium, which can store a lot of energy than that of NiMH batteries. NiMh batteries utilize hydrogen for energy storage, In addition to nickel and another metal such as titanium keeping a lid on the hydrogen ions.
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