Global Nickel Cadmium Battery Market Size and Forecast 2024-2033|Alcad AB Ltd., EnerSys Inc., GS Yuasa Corporation, HBL Power Systems Limited, Saft Groupe SAS

The Nickel Cadmium Battery by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Nickel Cadmium Battery, The nickel cadmium battery market size has grown steadily in recent years. It will grow from $1.41 billion in 2023 to $1.45 billion in 2024 at a compound annual growth rate (CAGR) of 3.2%. The growth in the historic period can be attributed to global market expansion, medical equipment reliability, remote and off-grid installations, industrial backup power solutions, early adoption in industrial applications.

The nickel cadmium battery market size is expected to see steady growth in the next few years. It will grow to $1.68 billion in 2028 at a compound annual growth rate (CAGR) of 3.7%. The growth in the forecast period can be attributed to resilience in harsh environments, transportation and rail, global infrastructure development, telecommunications expansion, industrial applications.. Major trends in the forecast period include demand in aviation and aerospace, industrial backup power, military and defense applications, railway and transportation, remote and off-grid installations.

The growing aviation industry is expected to propel the growth of the nickel-cadmium battery market. The aviation industry refers to all sectors of air travel as well as the activities that facilitate it, it includes the entire airline sector as well as the manufacture of aircraft, research organizations, military aviation, and more. The aviation standard nickel-cadmium battery is used for engine-starting applications in turbine-powered aircraft and/or aircraft with turbine-type auxiliary power units. For instance, in February 2023, according to the International Civil Aviation Organization (ICAO), a Canada-based specialized agency of the United Nations that governs international civil aviation, the total number of air passengers carried globally increased by 47% in 2022 compared to 2021. Moreover, a 70% increase was observed in revenue passenger kilometers (RPKs) compared to 2021. Therefore, the growing aviation industry will drive the nickel-cadmium battery market.

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The nickel cadmium battery market covered in this report is segmented –

1) By Type: C Batteries, D Batteries, A Batteries, AA Batteries, AAA Batteries, 9 V Batteries

2) By Block Battery Construction: L Range, M Range, H Range

3) By Cell Type: Vented Cells, Sealed Cells

4) By End-User: Aerospace and Defense, Automotive and Transportation, Consumer Electronics, Healthcare, Industrial, Marine, Other End-Users

Major companies operating in the nickel-cadmium battery market are developing remote monitoring solutions such as remote digital monitoring systems for condition-based maintenance. Remote digital monitoring systems are systems involving the electronic monitoring of equipment or processes from a distance using connected equipment to gain live insights into performance and status. For instance, in March 2022, Alcad, a Sweden-based nickel-cadmium battery manufacturer, launched its CleverWatch, a powerful remote monitoring solution for Nickel-cadmium batteries, capable of managing an unlimited number of sites and batteries, and significantly reducing operational costs. It offers high-performance remote access to battery fleets and can be accessed from any device

The nickel cadmium battery market report table of contents includes:

1. Executive Summary

2. Nickel Cadmium Battery Market Characteristics

3. Nickel Cadmium Battery Market Trends And Strategies

4. Nickel Cadmium Battery Market – Macro Economic Scenario

5. Global Nickel Cadmium Battery Market Size and Growth

26. South America Nickel Cadmium Battery Market

27. Brazil Nickel Cadmium Battery Market

28. Middle East Nickel Cadmium Battery Market

29. Africa Nickel Cadmium Battery Market

30. Nickel Cadmium Battery Market Competitive Landscape And Company Profiles

Top Major Players: