Press release
Nickel Cadmium Battery Global Market Report 2024: Key Players, Demand Patterns And Forecasts 2033 | Alcad AB Ltd, EnerSys Inc., GS Yuasa Corporation, HBL Power Systems Limited, Saft Groupe SAS, Cell-Con Inc
Nickel Cadmium Battery Market Characteristics
The Business Research Company offers in-depth market insights through Nickel Cadmium Battery Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The nickel cadmium battery market size has grown steadily in recent years. It will grow from $1.41 billion in 2023 to $1.45 billion in 2024 at a compound annual growth rate (CAGR) of 3.2%. The growth in the historic period can be attributed to global market expansion, medical equipment reliability, remote and off-grid installations, industrial backup power solutions, early adoption in industrial applications..
The nickel cadmium battery market size is expected to see steady growth in the next few years. It will grow to $1.68 billion in 2028 at a compound annual growth rate (CAGR) of 3.7%. The growth in the forecast period can be attributed to resilience in harsh environments, transportation and rail, global infrastructure development, telecommunications expansion, industrial applications.. Major trends in the forecast period include demand in aviation and aerospace, industrial backup power, military and defense applications, railway and transportation, remote and off-grid installations..
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Market Segmentation:
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
Major Driver - Surge In Aviation Industry Fuels Demand For Nickel-Cadmium Batteries In Aircraft Applications
The growing aviation industry is expected to propel the growth of the nickel-cadmium battery market. The aviation industry refers to all sectors of air travel as well as the activities that facilitate it, it includes the entire airline sector as well as the manufacture of aircraft, research organizations, military aviation, and more. The aviation standard nickel-cadmium battery is used for engine-starting applications in turbine-powered aircraft and/or aircraft with turbine-type auxiliary power units. For instance, in February 2023, according to the International Civil Aviation Organization (ICAO), a Canada-based specialized agency of the United Nations that governs international civil aviation, the total number of air passengers carried globally increased by 47% in 2022 compared to 2021. Moreover, a 70% increase was observed in revenue passenger kilometers (RPKs) compared to 2021. Therefore, the growing aviation industry will drive the nickel-cadmium battery market.
Competitive Landscape:
Major companies operating in the nickel cadmium battery market report are 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, BYD Company Limited, Duracell Inc., Energizer Holdings Inc., Power-Sonic Corporation, Toshiba Corporation, Uniross Batteries Corp, Montu Electronics LLP, ZEUS Battery Products, Exide Industries Limited, AceOn Battery Solar Technology Ltd, Gaz GmbH, Honda Denki Kogyo Co Ltd, Germarel GmbH, JiangMen JJJ Battery Co Ltd, Statron AG, Henan Xintaihang Power Source Co Ltd, Tenergy Corporation .
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Top Trend - Remote Monitoring Solution For Condition-Based Maintenance
Major companies operating in the nickel-cadmium battery market are developing remote monitoring solutions such as remote digital monitoring systems for condition-based maintenance. Remote digital monitoring systems are systems involving the electronic monitoring of equipment or processes from a distance using connected equipment to gain live insights into performance and status. For instance, in March 2022, Alcad, a Sweden-based nickel-cadmium battery manufacturer, launched its CleverWatch, a powerful remote monitoring solution for Nickel-cadmium batteries, capable of managing an unlimited number of sites and batteries, and significantly reducing operational costs. It offers high-performance remote access to battery fleets and can be accessed from any device.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Nickel Cadmium Battery Market Characteristics
3. Nickel Cadmium Battery Market Trends And Strategies
4. Nickel Cadmium Battery Market - Macro Economic Scenario
5. Nickel Cadmium Battery Market Size And Growth
…..
27. Nickel Cadmium Battery Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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