Nickel Cadmium Battery Market to Grow with a CAGR of 4.19% through 2028
Rising demand in the aerospace & defense sector
and strong demand in portable electronics are likely to drive the market in the
forecast period.
According to TechSci Research report, “Nickel
Cadmium Battery Market – Global Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028”, the Global Nickel Cadmium Battery Market
stood at USD 2.08 billion in 2022 and is anticipated to grow with a CAGR of 4.19%
in the forecast period.
One of the
primary drivers of the global Nickel Cadmium (Ni-Cd) battery market is the
exceptional combination of high energy density and reliability that Ni-Cd
batteries offer. Ni-Cd batteries have a long-established track record for their
ability to store a significant amount of electrical energy in a relatively
compact and lightweight package. This high energy density makes them
well-suited for applications where space and weight constraints are critical,
such as in aviation, aerospace, and portable electronic devices. Moreover,
Ni-Cd batteries are renowned for their reliability and longevity. They can
endure a high number of charge-discharge cycles without significant degradation
in performance, making them a preferred choice for applications where
consistent and dependable power supply is crucial. This reliability is
particularly valuable in mission-critical systems, emergency backup systems,
and industrial machinery.
Overall, the
combination of high energy density and reliability positions Ni-Cd batteries as
a compelling choice for industries and applications that demand consistent and
long-lasting power sources, contributing significantly to the growth of the
global Ni-Cd battery market. Another key driver of the global Ni-Cd battery
market is the existence of specific industry requirements that align with the
unique characteristics of Ni-Cd batteries. Certain industries and applications
have stringent demands that Ni-Cd batteries are exceptionally well-suited to
fulfill. For example, the aviation and aerospace sectors rely on Ni-Cd
batteries due to their ability to function reliably at high altitudes and
extreme temperatures. Ni-Cd batteries can provide consistent power for
essential functions like starting aircraft engines, emergency lighting, and
operating critical systems.
In addition to
aviation, industries such as telecommunications, medical devices, and the
military also benefit from the attributes of Ni-Cd batteries.
Telecommunications companies use Ni-Cd batteries in backup power systems to
ensure uninterrupted communication during power outages. Medical devices often
incorporate Ni-Cd batteries for their reliability in life-saving equipment.
Similarly, the military employs Ni-Cd batteries for their ruggedness and
ability to perform under challenging conditions.
The specific
requirements of these industries, including the need for durable and dependable
power sources, drive the demand for Ni-Cd batteries. As long as these unique
industry needs persist, the global Ni-Cd battery market.
Browse over XX market data Figures spread
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Cadmium Battery Market.”
The Global Nickel Cadmium Battery Market is segmented into
type, block battery construction, capacity, end use industry and region.
Based on type, The Sealed Cell segment had the largest
market share in 2022 & expected to maintain it in the forecast period. One
of the primary reasons for the dominance of sealed cell Ni-Cd batteries is
their maintenance-free operation. Unlike vented cell Ni-Cd batteries, which
require periodic watering to replenish the electrolyte solution, sealed cell
batteries are hermetically sealed, eliminating the need for routine
maintenance. This feature reduces the overall cost of ownership, minimizes
downtime, and simplifies battery management for users. Safety and Environmental
Compliance: Sealed cell Ni-Cd batteries are designed with safety and
environmental concerns in mind. Their sealed construction prevents electrolyte
leakage, minimizing the risk of hazardous substance exposure, particularly
cadmium. Cadmium is a toxic heavy metal, and sealed cell batteries are
engineered to contain it safely within the battery's casing. This makes sealed
cell batteries more compliant with environmental regulations and safer for
users. Sealed cell Ni-Cd batteries find applications in a wide range of
industries and use cases. They are used in backup power systems, emergency
lighting, telecommunications infrastructure, medical devices, and various portable
electronic devices. Their sealed design allows for more flexible installation,
making them suitable for both indoor and outdoor environments. This versatility
has contributed to their widespread adoption.
Based on block battery construction, The L Type
segment had the largest market share in 2022 and is projected to experience
rapid growth during the forecast period. L Type Ni-Cd batteries are known for
their low maintenance requirements. They are designed to be rugged and robust,
making them suitable for applications where frequent maintenance is not
practical or cost-effective. This characteristic is particularly valued in
industries such as telecommunications, where reliable backup power is
essential, and frequent servicing may not be feasible. L Type Ni-Cd batteries
are known for their reliability and long service life. They can endure a high
number of charge-discharge cycles without significant degradation, making them
well-suited for applications that demand consistent and dependable power supply.
Industries that rely on continuous operation, such as data centers and critical
infrastructure, often prefer L Type batteries for their reliability. L Type
Ni-Cd batteries have been in use for decades, and their technology is
well-established and trusted. Many industries have a history of successful
deployment of L Type batteries and are therefore inclined to continue using
them for consistency and reliability. While L Type Ni-Cd batteries may not
offer the highest energy density among Ni-Cd battery types, they are often
cost-effective for their intended applications. Their lower upfront cost and
reduced maintenance expenses can make them an economically attractive choice
for certain industries and scenarios.
Major companies operating in the Global Nickel
Cadmium Battery Market are:
- Saft
Groupe SAS
- Varta AG
- Duracell
Inc
- Energizer
Holdings, Inc
- Alcad
A.B.
- Interberg
Batteries Ltd
- Toshiba
Batteries
- BYD
Company Ltd.
- Panasonic
Holdings Corporation
- GS Yuasa
Corporation
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“The Global Nickel Cadmium Battery market is expected
to rise in the upcoming years and register a significant CAGR during the
forecast period. The growth of the nickel cadmium battery market is being
driven by a number of factors, including the increasing demand for electric
vehicles, the growing adoption of renewable energy sources, and the increasing
need for reliable and durable backup power systems. The increasing adoption of renewable
energy systems, such as solar and wind power, is driving the global Nickel
Cadmium (Ni-Cd) Battery market. Ni-Cd batteries play a vital role in these
applications by providing efficient energy storage solutions to store excess
energy for use during low-generation periods. Their durability, long cycle
life, and ability to withstand frequent charge-discharge cycles make them a
preferred choice for renewable energy integration. As the world shifts towards
sustainable energy sources and strives to reduce greenhouse gas emissions, the
demand for Ni-Cd batteries in energy storage is on the rise. Therefore, the
market of Nickel Cadmium Battery is expected to boost in the upcoming years.,”
said Mr. Karan Chechi, Research Director with TechSci Research, a research-based
management consulting firm.
“Nickel Cadmium Battery Market - Global
Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented
By DWT (PSV below 3000 DWT, PSV above 3000 DWT), By Applications (Oil and Gas Production,
Offshore Construction, Military, Others), By Type (Cargo and Support), By fuel,
(Diesel, LNG, Electric, Hybrid), By Region, By Competition”, has evaluated
the future growth potential of Global Nickel Cadmium Battery Market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision-makers make sound investment decisions., The report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the Global Nickel Cadmium Battery Market.
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