How Has The Nickel Cadmium Battery Market Size Evolved Historically?
The nickel cadmium battery market has seen considerable growth due to a variety of factors.
• The market size for nickel cadmium batteries has seen consistent growth in recent times. The projections show an increase from $1.43 billion in 2024 to $1.46 billion by 2025, with a compound annual growth rate (CAGR) of 2.4%. The advances in the past can be credited to worldwide market proliferation, the dependability of medical devices, installations in remote and off-grid locations, solutions for industrial backup power and its initial adoption in various industrial applications.
What is the Forecasted Market Size and CAGR for the Nickel Cadmium Battery Market Size?
The Nickel Cadmium Battery market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations indicate a consistent expansion in the nickel cadmium battery market over the next several years. The market size is projected to reach $1.71 billion by 2029, boasting a compound annual growth rate (CAGR) of 4.0%.
The driving factors of growth during this forecast period include the battery's robustness in severe conditions, its use in transportation and railways, enhancement of global infrastructure, the intensification of telecommunications, and industrial utilizations. The forecast period also anticipates increased demand from aviation and aerospace, industrial backup power, defense and military sectors, railways and transport systems, as well as remote and off-grid installations.
What Key Factors and Trends Are Driving The Growth Nickel Cadmium Battery Market?
The nickel-cadmium battery market is projected to witness substantial growth on account of the thriving aviation sector. This industry extends to every aspect of air travel, including activities that make air transportation possible. It comprises the entirety of the airline industry, aircraft manufacture, research institutions, military aviation, among other things. Essential to engine-starting processes in turbine-powered aircraft or aircraft with turbine-style auxiliary power units, the aviation standard nickel-cadmium battery plays a critical role. As reported by the International Civil Aviation Organization (ICAO), a Canada-based specialized agency of the United Nations responsible for governing international civil aviation, there was a startling 47% increase in the total number of air passengers worldwide in 2022 compared to 2021, during February 2023. Furthermore, there was a significant rise of 70% noticed in revenue passenger kilometers (RPKs) in comparison to 2021. Consequently, the burgeoning aviation industry is anticipated to catalyze the expansion of the nickel-cadmium battery market.
What Are The Market Segments In The Nickel Cadmium Battery Market?
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
Subsegments:
1) By C Batteries: Standard C Batteries, Rechargeable C Batteries
2) By D Batteries: Standard D Batteries, Rechargeable D Batteries
3) By A Batteries: Standard A Batteries, Rechargeable A Batteries
4) By AA Batteries: Standard AA Batteries, Rechargeable AA Batteries
5) By AAA Batteries: Standard AAA Batteries, Rechargeable AAA Batteries
6) By 9 V Batteries: Standard 9 V Batteries, Rechargeable 9 V Batteries
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What Trends Are Shaping The Nickel Cadmium Battery Market?
Leading corporations in the nickel-cadmium battery market are venturing into the creation of remote monitoring solutions like robust digital monitoring systems for the maintenance based on conditions. This involves overseeing equipment or processes from a distance by using digitally connected devices, which provide real-time information regarding performance and status. As a recent example, in March 2022, Alcad, a reputable nickel-cadmium battery manufacturer rooted in Sweden, introduced CleverWatch. This remote monitoring solution for Nickel-cadmium batteries can manage countless sites and batteries, substantially minimizing operational expenses. It allows superior remote access to diverse battery fleets and can be utilized from any device.
Who Are the Key Players In The Nickel Cadmium Battery Market?
Major companies operating in the nickel cadmium battery market include:
• 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
• Power-Sonic Corporation
• Toshiba Corporation
• Montu Electronics LLP
• ZEUS Battery Products
• Gaz GmbH
• JiangMen JJJ Battery Co Ltd
• Statron AG
What Are The Regional Insights Into The Nickel Cadmium Battery Market?
Asia-Pacific was the largest region in the nickel-cadmium battery market share in 2024. The regions covered in the nickel cadmium battery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
