Overview and Scope
A nickel-cadmium battery (NiCd or NiCad) is a rechargeable battery used in portable computers, drills, camcorders, and other tiny battery-operated equipment that requires an even power discharge. Nickel-cadmium batteries have a relatively constant terminal voltage throughout discharge, resulting in practically undetectable low charges.
Sizing and Forecast
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..
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Segmentation & Regional Insights
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
Asia-Pacific was the largest region in the nickel-cadmium battery market share in 2023. The regions covered in the nickel cadmium battery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the nickel-cadmium battery are adopting a strategic partnerships approach to provide customers with high-quality products and service support. Strategic partnerships refer to a process in which companies leverage each other’s strengths and resources to achieve mutual benefits and success. For instance, in April 2022, EnerSys, a US-based industrial battery manufacturer, partnered with Orogenic ApS, a Denmark-based company that operates in the Electrical/Electronic Manufacturing industry. With this partnership, EnerSys aimed to expand the sales and distribution of Motive Power products. This collaboration aims to leverage Orogenic ApS’s technical expertise in batteries and accessories, as well as their existing operational presence in Denmark, to enhance the availability and service support for EnerSys’ products in the region
The nickel cadmium battery market report table of contents includes:
1. Executive Summary
- Nickel Cadmium Battery Market Characteristics
- Nickel Cadmium Battery Market Trends And Strategies
- Nickel Cadmium Battery Market – Macro Economic Scenario
- Global Nickel Cadmium Battery Market Size and Growth
.
- Global Nickel Cadmium Battery Market Competitive Benchmarking
- Global Nickel Cadmium Battery Market Competitive Dashboard
- Key Mergers And Acquisitions In The Nickel Cadmium Battery Market
- Nickel Cadmium Battery Market Future Outlook and Potential Analysis
- Appendix
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