Nickel Cadmium Battery Market Size 2023, Industry Growing Fastest with Share, Recent Demand, Trends, Developments, Revenue and Forecast to 2027

Posted January 30, 2023 by avinashgogawale14

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.
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.

Surging adoption in railway applications due to long service life and other advantages

Nickel cadmium batteries are widely used in the railway sector for powering a wide range of systems. The batteries are used in railways and underground metros for backup power systems, emergency lighting, emergency braking systems, coach lighting, heating & air conditioning systems, etc. The batteries can be used to start the locomotive engines, and they store backup power for signaling and warning lights in low-visibility areas.

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Growing Aviation Industry

The aviation industry includes commercial and private sectors. Defense and freight transportation is projected to grow tremendously in the coming years. The commercial aviation sector is booming owing to increased tourism activities post-pandemic and trends such as staycation. The cargo supply chain activities across the world are also increasing due to the rising need for emergency supplies, e-commerce growth, and just-in-time deliveries. The growth in the aviation sector will result in increased aircraft manufacturing. Nickel cadmium batteries are widely used in aircraft for various applications such as emergency lighting, engine starting, intercommunication devices, and critical backup power for aircraft control & signaling systems.

Key Players

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) are among a few top players in the Nickel Cadmium Battery Market.


ALCAD A.B. is a leading provider of nickel cadmium (Ni-Cd) batteries, especially for industrial standby and power backup applications. It offers products for various markets and applications, including utilities, industrial, oil & gas, renewable energy, transportation infrastructure, and commercial buildings. The company also provides a wide range of after-sales services, including battery sizing, installation, maintenance, and decommissioning. ALCAD has established its brand in the Ni-Cd battery market by providing cutting-edge technology and global services with 5 sales offices and 70 agents/distributors across 80 countries.


EnerSys is one of the largest manufacturers of robust, reliable, and high-performance industrial batteries and has expertise in designing, building, installing, and maintaining inclusive energy storage solutions for industrial applications. The company operates through three reporting segments: Motive Power, Energy Systems, and Specialty. The Motive Power segment provides a variety of batteries that power electric industrial forklifts used in manufacturing, warehousing, and other material handling applications, as well as mining equipment, diesel locomotive starting and other rail equipment. The company offers various Ni-Cd batteries under its PowerSafe and Hawker brands. These batteries are useful in railway, engine starting, utility, UPS, and many other applications.

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GS Yuasa Corporation

GS Yuasa Corporation is a Japanese manufacturer and seller of automotive batteries, industrial batteries, power supply systems, switchgear, and other electrical equipment. Founded in 2004, the company was formed after a merger between GS (Japan Storage Battery) and Yuasa Corporation. It operates through five reportable segments: Automotive Batteries (Overseas), Automotive Batteries (Japan), Industrial Batteries and Power Supplies, Automotive Lithium-ion Batteries, and Specialized Batteries and Others. The company offers different types of batteries, including lithium-ion, lead-acid, alkaline, and nickel-cadmium. The company offers Ni-Cd batteries under its Industrial Batteries and Power Supplies segment.

HOPPECKE Batterien GmbH & Co. KG

HOPPECKE Batterien GmbH & Co. KG is a manufacturer of various battery types, including lithium-ion, lead-acid, and nickel-cadmium. The company also offers battery components, technical services, energy systems, industrial services, and economizers. The company offers battery products for several applications, including trak, grid, sun, and railway. The company offers a robust, high-quality, and highly efficient Ni-Cd battery range. These batteries are used in critical applications such as energy storage systems, uninterrupted power supply (UPS) systems, and starters for railway engines. These robust batteries withstand strong vibrations, high temperatures, and extreme conditions. They are designed for stationary applications and require low maintenance, which makes them highly cost-effective in the long run. The company has offices in 22 countries and customers in 150 countries.

Saft Groupe SAS

Saft Groupe SAS is a global battery manufacturing company based in France. The company offers different types of batteries, including nickel, primary lithium, rechargeable lithium, and silver, under its five key business segments: Connected Energy, Mobility, Industrial Standby, Space and Defense, and Energy Storage Systems. It is a wholly owned subsidiary of TotalEnergies SE (France), an energy company. In 2021, Saft Groupe SAS generated ~USD 877 million in revenue through its five business segments mentioned above. The company has a vast product portfolio of Ni-Cd batteries for highly critical and safe applications in utilities, transportation infrastructure, and railways.

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Last Updated January 30, 2023