Asia-Pacific Nickel Cadmium Battery Market Growth, Size, Share, Industry Report and Forecast 2019-2025

Posted May 12, 2020 by mansi3210

Asia-Pacific Nickel Cadmium Battery Market Size, Share & Trends Analysis Report by Application and by Type and Forecast, 2019-2025
Asia-Pacific nickel-cadmium battery market is estimated to witness a CAGR of around -0.4%, during the forecast period. Asia-Pacific is estimated to contribute considerably in the global Ni-Cd battery market owing to the rising consumer electronics industry, positive outlook for the renewable energy sources in the region, vast population base, and developing economies such as China, India, and South Korea in the region. Ni-Cd batteries find significant application in a wide variety of consumer electronics, as energy storage for solar photovoltaic (PV) and wind turbines in stand-alone hybrid power and grid-connected installations. Asia-Pacific is home to several developing economies is seen as the high potential market for the solar panel companies to invest. According to the BP PLC, China led the Asia-Pacific in terms of solar panel installed capacity with 131 gigawatts (GW) installed capacity in 2017. China is followed by Japan with a total solar installed capacity of 49 GW in 2017.

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The market is segmented on the basis of application and type. By application, the market is further segmented into consumer electronics, industrial, healthcare, automotive & transportation, power & utility. Among these, the healthcare segment is expected to show a modest growth rate in the market during the forecast period. Some medical devices including pacemakers still use Ni-Cd batteries which are providing a positive growth rate to the market. Additionally, there are chances that the healthcare segment will be the last segment which will face prohibition on the use of Ni-Cd batteries. By type, the market is segmented into D Battery, C Battery, A, AA & AAA Battery, 9 Volt Battery, and Heavy-Duty Battery. The heavy-duty battery segment is expected to hold the significant share in the market. Power & utility, automotive & transportation, and industrial segment use heavy-duty batteries which is a major factor for the largest market share during the forecast period.

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Asia-Pacific Nickel Cadmium Battery Market Segmentation

By Application

• Consumer Electronics
• Industrial
• Healthcare
• Automotive & Transportation
• Power and Utility

By Type

• D Battery
• C Battery
• A, AA & AAA Battery
• 9 Volt Battery
• Heavy Duty Battery

Regional Analysis

• China
• Japan
• India
• Rest of Asia-Pacific

Company Profiles

• EverExceed
• Panasonic Corp.
• SANYO Electric Co., Ltd.
• Shenzhen NOVA Energy Co., Ltd.
• Sichuan Changbong Battery Co., Ltd.
• Test Rite Battery

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Categories Business , Energy , Technology
Tags renewable energy , Market Research , market analysis , Market Forecast
Last Updated May 12, 2020