Nickel Cadmium Battery Global Market Report 2024

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 expansion observed during the historical period can be attributed to various factors, including the global expansion of the market, the reliability of nickel-cadmium batteries in medical equipment, their suitability for remote and off-grid installations, their use in industrial backup power solutions, and their early adoption in various 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 anticipated growth in the forecast period can be attributed to several factors, including the resilience of nickel-cadmium batteries in harsh environments, their application in transportation and rail systems, the ongoing development of global infrastructure, the expansion of telecommunications networks, and their continued use in various industrial applications. Key trends expected in the forecast period include increased demand in aviation and aerospace sectors, the utilization of nickel-cadmium batteries for industrial backup power, their application in military and defense contexts, their role in railway and transportation systems, and their suitability for remote and off-grid installations.

The anticipated growth in the aviation industry is poised to drive the nickel-cadmium battery market. The aviation industry encompasses all aspects of air travel, including airlines, aircraft manufacturing, research organizations, military aviation, and more. Nickel-cadmium batteries designed to aviation standards are utilized for engine-starting applications in turbine-powered aircraft and those equipped with turbine-type auxiliary power units. According to the International Civil Aviation Organization (ICAO) in February 2023, global air passengers carried increased by 47% in 2022 compared to 2021, with a notable 70% rise in revenue passenger kilometers (RPKs) during the same period. Hence, the growing aviation industry is expected to be a significant driver for the nickel-cadmium battery market.

The global increase in airport traffic is anticipated to fuel the growth of the nickel-cadmium battery market. Airport traffic refers to the movement of aircraft, encompassing takeoffs and landings, within a specific airport during a given time frame. Nickel-cadmium batteries play a crucial role in providing reliable power backup for essential equipment such as runway lights and navigation aids in airport traffic systems. As of April 2023, data from 5G Americas indicates a 76% increase in global 5G wireless connections from the end of 2021 to the end of 2022, reaching 1.05 billion, with a projected growth to 5.9 billion by the end of 2027. Therefore, the surge in global airport traffic is a driving force behind the nickel-cadmium battery market.

Major players in the nickel-cadmium battery market are developing remote monitoring solutions, such as remote digital monitoring systems for condition-based maintenance. These systems involve electronic monitoring of equipment or processes from a distance, providing real-time insights into performance and status. For instance, in March 2022, Alcad, a Sweden-based nickel-cadmium battery manufacturer, introduced CleverWatch. This powerful remote monitoring solution is designed for nickel-cadmium batteries, allowing efficient management of an unlimited number of sites and batteries while significantly reducing operational costs. CleverWatch offers high-performance remote access to battery fleets and is accessible from any device.

Strategic partnerships are a key approach adopted by major companies in the nickel-cadmium battery market to deliver high-quality products and service support to customers. Strategic partnerships involve leveraging each other's strengths and resources for mutual benefits and success. In April 2022, EnerSys, a US-based industrial battery manufacturer, entered into a partnership with Orogenic ApS, a Denmark-based company in the Electrical/Electronic Manufacturing industry. This collaboration aimed to enhance sales and distribution of Motive Power products. By leveraging Orogenic ApS's technical expertise and operational presence in Denmark, EnerSys sought to improve the availability and service support for its products in the region.

In April 2022, EnerSys, a US-based battery manufacturer, established a partnership with Orogenic Aps to expand motive power product sales and distribution in Denmark, Iceland, the Faroe Islands, and Greenland. The collaboration aimed to leverage Orogenic ApS's technical expertise and operational presence in the region to enhance the availability and service support for EnerSys' products. Orogenic ApS, a Denmark-based wholesaler of batteries, chargers, accessories, and UPS, is expected to contribute to the continued delivery of high-quality products and service support to consumers.

Major companies operating in the nickel cadmium battery market report are Alcad AB Ltd, EnerSys Inc., GS Yuasa Corporation, HBL Power Systems Limited, Saft Groupe SAS, Cell-Con Inc., Interberg Batteries Ltd, HOPPECKE Batterien GmbH & Co KG, Panasonic Corporation, Cantec Systems Ltd, GP Batteries International Limited, Qualmega Inc., Arts Energy SAS, BYD Company Limited, Duracell Inc., Energizer Holdings Inc., Power-Sonic Corporation, Toshiba Corporation, Uniross Batteries Corp, Montu Electronics LLP, ZEUS Battery Products, Exide Industries Limited, AceOn Battery Solar Technology Ltd, Gaz GmbH, Honda Denki Kogyo Co Ltd, Germarel GmbH, JiangMen JJJ Battery Co Ltd, Statron AG, Henan Xintaihang Power Source Co Ltd, Tenergy Corporation.

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. The countries covered in the nickel cadmium battery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary types of nickel-cadmium batteries include C batteries, D batteries, A batteries, AA batteries, AAA batteries, and 9 V batteries. C batteries are a type of dry cell battery engineered to function with minimal internal moisture, making them well-suited for portable equipment. They provide a consistent and enduring charge for devices with medium-to-high power consumption requirements. Notable block battery constructions within the nickel-cadmium category include the L-range, M-range, and H-range. These vented and sealed cells find applications in various industries such as aerospace and defense, automotive and transportation, consumer electronics, healthcare, industrial, marine, and others.

The nickel-cadmium battery market research report is one of a series of new reports that provides nickel-cadmium battery market statistics, including nickel cadmium battery industry global market size, regional shares, competitors with a nickel cadmium battery market share, detailed nickel cadmium battery market segments, market trends and opportunities, and any further data you may need to thrive in the nickel cadmium battery industry. This nickel cadmium battery market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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