Nickel Cadmium Battery Market Revenue, Growth and Overview 2027

Posted November 25, 2022 by avinashgogawale14

At a CAGR of 2.8% from 2022 to 2027, the Nickel Cadmium Battery Market Research Share is predicted to be USD 1.4 billion in 2022 and USD 1.6 billion by 2027.
The Nickel Cadmium Battery Market Report Share is estimated to be USD 1.4 Billion in 2022 and expected to reach USD 1.6 Billion by 2027, at a CAGR of 2.8% from 2022 to 2027.

Presently, the majority of Ni-Cd batteries are adopted in industrial applications as these batteries are being replaced in the majority of consumer applications due to the toxicity of cadmium and its harmful effects on the environment and human health. However, due to advantages such as long life, low maintenance, gradual capacity loss, and resistance to mechanical & environmental abuse, these batteries are still being widely used in industrial applications across sectors such as oil & gas, energy & power, mining, manufacturing, aerospace & defense, automotive & transportation, marine, healthcare, and others. Hence, their adoption in industrial applications will drive the growth of the Global Ni-Cd Battery Market during the forecast period.

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The market for M range batteries is expected to grow at the highest CAGR during the forecast period.

The M Range nickel cadmium batteries are designed for applications where the battery can sustain electrical loads between 30 minutes to 3 hours. These batteries are used for mixed-load applications and the capacity of the battery usually ranges between 10 Ah and 1,460 Ah. The batteries can sustain frequent or infrequent discharges as mixed loads include high and low discharge rates. The M Range batteries are used in power backup applications such as transmission and distribution substations for switchgear applications. The batteries are also used for other applications, which include switchgear protection, emergency lighting, motive power, train lighting, instrumentation and process control, and UPS (Uninterrupted Power Supply). For instance, HBL Power Systems Limited offers M (Medium rate) KBM nickel cadmium batteries.

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The market for automotive & transportation end-user is expected to grow at a significant CAGR during the forecast period.

Ni-Cd batteries are being used in the automotive & transportation sector in passenger vehicles, commercial & public transit vehicles, railways, and metro rails. They are used in the transportation sector for various applications, which include engine starting, backup power for automotive systems, emergency lighting, railway signaling and communication systems, railway switching systems, engine cranking, critical power backup for substations, crossing protection systems, and critical power backup for emergency generators, among others. The transportation sector demands a reliable power supply so that proper functioning such as communications, control and signaling, along with passenger safety is not compromised. Nickel cadmium batteries are ideally suitable to provide long and reliable power, low maintenance and operation in temperature extremes.

North America to account for a significant share of the Nickel Cadmium Battery Market in 2027.

The North American Nickel Cadmium Battery Market is further segmented into the US, Canada, and Mexico. In this region, the US captures an excellent market share of the Nickel Cadmium Battery Market. The battery is utilized in various applications of verticals ranging from aerospace & defense, consumer electronics, medical equipment, and utility, among others. The region is a major manufacturing hub for aircraft, which is a potential market for nickel cadmium batteries. In addition, the developing economy of Mexico is strengthening its power infrastructure, which will further drive the Nickel Cadmium Battery Market in the region. Moreover, the region has well-established recycling laws for the proper recycling and reuse of the nickel cadmium battery, which drives the battery market in the region. Furthermore, aircraft manufacturing in Canada is fueling the growth of the market and Mexico offers vast opportunities for the Nickel Cadmium Battery Market.

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The Major Players include ALCAD A.B. (Sweden), EnerSys (US), GS Yuasa Corporation (Japan), HOPPECKE Batterien GmbH & Co. KG (Germany), HBL Power Systems Limited (India), and Saft Groupe SAS (France).

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Last Updated November 25, 2022