Press release
Steady Growth Anticipated in Global Nickel Cadmium Battery Market with Key Drivers Motivating a CAGR of 4.0% by 2029
Nickel Cadmium Battery Market Share
What Is The Projected Market Size Of The Global Nickel Cadmium Battery Market And Its Growth Rate?
• The nickel cadmium battery market demonstrated consistent growth over recent years, escalating from $1.43 billion in 2024 to $1.46 billion in 2025, achieving a compound annual growth rate (CAGR) of 2.4%.
• Factors attributing to this growth include global market expansion, medical equipment reliability, remote and off-grid installations, and industrial backup power solutions.
• The nickel cadmium battery market is on track for continued expansion, projected to reach $1.71 billion in 2029 with a CAGR of 4.0%.
What Is Driving The Growth In The Nickel Cadmium Battery Market?
The significant acceleration in the aviation industry serves as a major contributor to the nickel-cadmium battery market growth. The services encompassing air travel, and activities facilitating the same such as the airline sector, aircraft manufacturing, research organizations, and military aviation, all fall under the expanding scope of the aviation industry. Specifically, the aviation standard nickel-cadmium battery is instrumental in starting engines in turbine-powered aircraft or aircraft with turbine-type auxiliary power units. Emphasizing this growth, in February 2023, the International Civil Aviation Organization (ICAO), a Canada-based specialized agency of the United Nations overseeing international civil aviation, reported a 47% rise in global air passengers in 2022 compared to 2021, along with a 70% upturn in revenue passenger kilometers (RPKs) compared to the previous year. The thriving aviation industry is therefore an integral driver of the nickel-cadmium battery market growth.
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Who Are the Key Players Driving Nickel Cadmium Battery Market Growth?
• 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 Key Trends In The Nickel Cadmium Battery Market?
Key trends in the Nickel Cadmium Battery Market include:
• High demand in aviation and aerospace
• Increasing use in industrial backup power
• Rising application in military and defense sectors
• Growth in railway and transportation use
• Expansion into remote and off-grid installations.
What Are The Segments Of The Global Nickel Cadmium Battery Market?
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
Which Region Leads The Nickel Cadmium Battery Market?
Asia-Pacific emerged as the leader in the nickel-cadmium battery market in 2024. The market report examines other vital regions incorporating Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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What Is Covered In The Nickel Cadmium Battery Market Global Market Report?
- Market Size Analysis: Analyze the Nickel Cadmium Battery Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Nickel Cadmium Battery Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Nickel Cadmium Battery Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Nickel Cadmium Battery Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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