Press release
Surge In Aviation Industry Fuels Demand For Nickel-Cadmium Batteries In Aircraft Applications: A Key Driver Powering Nickel Cadmium Battery Market Growth In 2025
Nickel Cadmium Battery
How Big Is the Nickel Cadmium Battery Market Size Expected to Be by 2034?
In the past few years, the market for nickel cadmium batteries has shown consistent growth. It is anticipated to expand from $1.43 billion in 2024 to $1.46 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 2.4%. The surge in the previous period can be credited to the global market enlargement, the reliability of medical equipment, implementations in remote and off-grid locations, solutions for industrial backup power, and initial acceptance in industrial applications.
In the upcoming years, we anticipate a consistent expansion in the market size of nickel cadmium batteries. The market is projected to burgeon to a value of $1.71 billion by 2029, following a compound annual growth rate (CAGR) of 4.0%. This amplification during the predicted timeframe can be ascribed to factors such as their robustness in extreme conditions, usage in transportation and railways, worldwide infrastructure enhancement, expansion in telecommunications, and industrial applications. The significant market trends for this phase forecast an increased demand in areas such as aviation and aerospace, industrial backup power, military defense applications, railways and transportation, as well as remote and off-grid installations.
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How Are Emerging Segments Shaping the Nickel Cadmium Battery Market Landscape?
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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Which Growth Factors Are Influencing Nickel Cadmium Battery Market Expansion?
The expansion of the aviation sector is set to fuel the nickel-cadmium battery market's rise. All aspects of air travel, including airline operations, aircraft manufacturing, research institutions, military aviation, and related activities constitute the aviation industry. Nickel-cadmium batteries in line with aviation standards are utilized to start engines in turbine-powered aircraft and/or vehicles equipped with turbine-type auxiliary power units. As reported by the International Civil Aviation Organization (ICAO) in February 2023, a UN-established agency based in Canada that oversees international civil aviation, there was a 47% rise in worldwide air passengers in 2022 compared to 2021. Additionally, there was a 70% surge in revenue passenger kilometers (RPKs) in the same year, contrasted with 2021. Consequently, the flourishing aviation sector will push the nickel-cadmium battery market further.
Who Are the Dominant Players Across Different Nickel Cadmium Battery Market Segments?
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 Latest Developing Trends in the Nickel Cadmium Battery Market?
Leading firms in the nickel-cadmium battery market are advancing the development of remote supervision technologies such as remote digital surveillance systems for condition-oriented upkeep. These remote digital surveillance systems enable monitoring of equipment and processes from afar, utilizing connected devices to gather real-time data on performance and status. For example, Alcad, a company based in Sweden that manufactures nickel-cadmium batteries, unveiled its innovative solution, CleverWatch, in March 2022. This powerful tool allows remote monitoring of nickel-cadmium batteries and can handle unlimited site and battery management, contributing significantly to the reduction of operational expenses. CleverWatch provides superior remote access to battery fleets and is accessible from any device.
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Which Geographic Regions Are Expected to Dominate the Nickel Cadmium Battery Market in the Coming Years?
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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Nickel Cadmium Battery Market?
2. What is the CAGR expected in the Nickel Cadmium Battery Market?
3. What Are the Key Innovations Transforming the Nickel Cadmium Battery Industry?
4. Which Region Is Leading the Nickel Cadmium Battery Market?
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