Nickel Cadmium Battery Market Size, Share, Growth Analysis, By Type(D battery, C battery, A battery, AA battery), By Block Battery Construction(L range, M range, and H range), By Application(Consumer Electronics, Industrial, Healthcare, automotive), By Sales Channel(OEM and Aftermarket), By Region - Industry Forecast 2024-2031

Report ID: SQMIG10B2095 | Region: Global | Published Date: April, 2024
Pages: 176 | Tables: 123 | Figures: 71

Nickel Cadmium Battery Market News

In April 2022, EnerSys partnered with Denmark-based Orogenic ApS in the electrical/electronics sector. This collaboration aims to increase sales and distribution of Motive Power products. Using Orogenic APS’s technical expertise and operational expertise in Denmark, EnerSys has sought to improve its product and service support in the region.

In December 2022, the European Commission and the European Parliament jointly agreed to strengthen legislation on the sustainability of batteries and batteries. The agreement sets recycling efficiency targets of 80% for nickel-cadmium batteries by 2025 and 50% by 2025 for other waste batteries.

In March 2022, Swedish nickel-cadmium battery manufacturer Alcad introduced CleverWatch. This powerful remote sensing solution is designed for nickel and cadmium batteries, allows efficient monitoring of unlimited numbers of batteries on site, and significantly reduces operating costs CleverWatch provides high-performance remote access for batteries with everyone.

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Nickel Cadmium Battery Market size was valued at USD 1.40 Billion in 2022 and is poised to grow from USD 1.44 Billion in 2023 to USD 1.85 Billion by 2031, growing at a CAGR of 2.8% in the forecast period (2024-2031).

The competitive environment of the Nickel Cadmium Battery Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Key players competing in the Nickel Cadmium Battery market are AEG Powertools; ALCAD; Cantec Systems; Cell Pack Solutions Ltd; ENERSYS; GS Yuasa Battery Sales UK Ltd; J&A Electronics; Panasonic Life Solutions India Pvt. Ltd; Power Sonic; and Zeus Battery Products. 'Saft', 'Sony', 'GP Batteries ', 'Energizer', 'PowerGenix ', 'Sanyo', 'China BAK', 'Panasonic', 'Duracell', 'LG Chem', 'Qualmega ', 'GS Yuasa Corporation', 'Amco Saft', 'HP Power'

Increasing adoption of portable electronics in industries including power utilities, automotive and healthcare is driving the demand for nickel-cadmium (NiCd) batteries. These batteries provide high power and stable performance, enabling them to power smartphones, laptops, suitable for applications such as electronics and medical devices.

Recurring NiCd Batteries in Niche Applications: Despite facing competition from lithium-ion batteries, NiCd batteries are gaining popularity in niche applications where their unique characteristics provide unique advantages for industries such as aerospace, defense, telecommunications, which include ruggedness, reliability, and require high-temperature performance, are increasingly turning to NiCd batteries for a range of specialized applications for which lithium-ion batteries may not be suitable.

The nickel cadmium battery market in North America is driven by technological advancements, especially in the aerospace, defense, and healthcare industries. The industry’s stringent regulatory standards for safety and reliability contribute to the demand for NiCd batteries in critical applications such as emergency lighting, medical devices and aircraft equipment.

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