Press release
Nickel Cadmium Battery Industry Outlook 2025-2029: Market Set to Cross $1.7 Billion Milestone
Nickel Cadmium Battery
How Large Will the Nickel Cadmium Battery Market Size By 2025?
The market for nickel cadmium batteries has been experiencing consistent development over the past few years. The market size is projected to increase from $1.43 billion in 2024 to $1.46 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 2.4%. The market's historic growth drivers include expansion of the global market, dependability in medical equipment, use in remote and off-grid setups, industrial power backup solutions, and its initial uptake in industrial applications.
How Big Is the Nickel Cadmium Battery Market Size Expected to Grow by 2029?
The market size of nickel cadmium batteries is anticipated to experience consistent expansion in the coming years. It is projected to increase to $1.71 billion by 2029, with a compound annual growth rate (CAGR) of 4.0%. Factors contributing to this growth during the prediction period include its robustness in challenging environments, usage in transportation and rail, worldwide infrastructure growth, and the proliferation of telecommunications and industrial applications. The key future trends encompass an increase in demand across aviation and aerospace sectors, industrial backup power, defense and military applications, railways and transportation, as well as remote and off-grid installations.
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Which Key Market Drivers Powering Nickel Cadmium Battery Market Expansion and Growth?
The expansion of the aviation sector is anticipated to foster the growth of the nickel-cadmium battery market. The term aviation industry encompasses all aspects of air travel, including all activities that support it such as the entire airline industry, aircraft production, research institutions, military aviation, and beyond. Nickel-cadmium batteries, compliant with aviation standards, find their applications in initiating engines on turbine-powered aircraft, and/or aircraft outfitted with auxiliary power units of the turbine-type. As an example, in February 2023, as stated by the International Civil Aviation Organization (ICAO), a Canada-based specialized agency affiliated with the United Nations that oversees international civil aviation, there was a 47% increase in the total number of worldwide air passengers in 2022 relative to 2021. Additionally, revenue passenger kilometers (RPKs) saw a surge of 70% from 2021. Consequently, the burgeoning aviation sector will stimulate the market for nickel-cadmium batteries.
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Which Fast-Growing Trends Are Poised to Disrupt the Nickel Cadmium Battery Market?
Major players in the nickel-cadmium battery market are focusing on the development of remote monitoring technologies, such as condition-based maintenance systems that use remote digital monitoring. These systems allow for remote observation of the performance and status of equipment or processes via connected devices that provide real-time data. For example, in March 2022, Alcad, a nickel-cadmium battery producer based in Sweden, introduced their CleverWatch, a highly competent remote monitoring solution designed for Nickel-cadmium batteries. It can manage an unlimited number of locations and batteries, which can drastically cut down operational expenses. This solution provides top-quality remote access to battery fleets and is compatible with any device.
What Are the Emerging Segments in the Nickel Cadmium Battery Market?
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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Who Are the Global Leaders in the Nickel Cadmium Battery Market?
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
Which are the Top Profitable Regional Markets for the Nickel Cadmium Battery Industry?
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
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