Product ID: SQMIG10B2095
Global Nickel Cadmium Battery Market Size, Share, Growth Analysis, By Type(D battery, C battery), By Block Battery Construction(L range, M range), By Application(Consumer Electronics, Industrial), By Sales Channel(OEM and Aftermarket) - Industry Forecast 2024-2031
Report ID:
SQMIG10B2095 |
Region:
Global |
Published Date: April, 2024
Pages:
176
|
Tables:
123 |
Figures:
71
Global Nickel Cadmium Battery Market Insights
Global Nickel Cadmium Battery Market size was valued at USD 1.40 Billion in 2022 and is poised to grow from USD 1.44 Billion in 2023 to USD 1.85 Billion by 2031, growing at a CAGR of 2.8% in the forecast period (2024-2031).
Technological advances in NiCd battery manufacturing and materials contribute to improved energy density, cycle life, and safety features. Innovations such as cadmium-free electrodes and improved separators are enhancing the performance and reliability of NiCd batteries, leading to market growth. The increasing use of portable electronics such as smartphones, laptops, cameras and power tools drive the demand for rechargeable batteries driven by NiCd batteries. The ability to supply power reliably and withstand repeated charging makes it suitable for a variety of power consumption applications.
NiCd batteries are widely used in industrial applications such as emergency lighting, backup power systems, forklifts, material handling equipment. Their efficiency, high discharge and temperature tolerance make it ideally suited for demanding industrial applications, leading to market growth. NiCd batteries are used in a number of automotive applications, including start-stop systems and hybrid vehicles. But the market share of NiCd batteries in automobiles is declining due to competition from other battery chemistries, such as lithium-ion. Environmental regulations aimed at banning the use of cadmium and other toxic elements are impacting the market. Stringent regulations on the disposal and recycling of NiCd batteries, as well as restrictions on their use in certain industries, are also impacting the market.
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Global Nickel Cadmium Battery Market Segmental Analysis
Based on type, the nickel cadmium battery market is divided into D battery, C battery, A battery, AA battery, AAA battery, 9 v battery, and button cell. Based on block battery construction, the global market is segregated into L range, M range, and H range. On the basis of application, the nickel cadmium battery market is segmented into consumer electronics, industrial, healthcare, automotive, power tools, emergency lighting, and military & aerospace. Based on sales channel, the market is divided into OEM and aftermarket. By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World.
Analysis by Type
AA is the dominating segment in the market. The AA battery segment in the market is dominating due to the widespread use of AA batteries in various devices such as remote control, digital cameras and portable electronics. Moreover, the high demand for portable electronics has boosted the growth of the segment.
D nickel cadmium batteries are expected to expand the D-battery segment at a tremendous growth in the coming years due to the increasing use of D-batteries in high discharge or high-power devices such as boomboxes, transmitters, and various some of them therefore electric motors. The ability to provide stable power for long periods of time makes them suitable for these applications. Furthermore, continuous advances in battery technology are expected to improve the performance and efficiency of the D battery, leading to its adoption in various applications in the coming years.
Analysis by Block Battery Construction
M range is the dominating segment in the market. The versatile nature of the M-range batteries designed for general applications accounted for the largest share of the M-range segment market by 2023. These batteries provide a balance of energy efficiency and lifetime want good, making it suitable for a wide range of applications from emergency lighting to uninterruptible power supply The widespread use of cadmium batteries has contributed significantly to the growth of this segment.
The H Range segment is expected to expand at a substantial CAGR during the forecast period due to higher capacity and longer life of H Range batteries. These batteries are specially designed for high power applications, such as engine discharges down and energy storage in aircraft and trains. The increasing demand for reliable energy sources in this capital-intensive application is expected to drive the H-Range segment in the coming years.
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Global Nickel Cadmium Battery Market Regional Insights
The global nickel cadmium battery market in North America is driven by technological advancements, especially in the aerospace, defense, and healthcare industries. The industry’s stringent regulatory standards for safety and reliability contribute to the demand for NiCd batteries in critical applications such as emergency lighting, medical devices and aircraft equipment.
The Asia-Pacific region holds the largest share in the global nickel cadmium battery market, driven by strong technological development, rapid urbanization and investment in infrastructure development countries such as China, Japan and South Korea. Moreover, increasing adoption of electric vehicles and renewable energy storage solutions is further fueling the demand for NiCd batteries in the Asia Pacific region.
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Global Nickel Cadmium Battery Market Dynamics
Drivers
Growing Demand for Portable Electronics
- Increasing adoption of portable electronics in industries including power utilities, automotive and healthcare is driving the demand for nickel-cadmium (NiCd) batteries. These batteries provide high power and stable performance, enabling them to power smartphones, laptops, suitable for applications such as electronics and medical devices.
Industrial Applications
- NiCd batteries have been discovered to be used in commercial programs, mainly in backup electricity structures, emergency lighting, and uninterruptible electricity resources (UPS). The reliability, sturdiness, and speedy charging skills of NiCd batteries cause them to be favored picks for important strength backup solutions in business settings, where uninterrupted operation is crucial.
Restraints
Environmental Concerns
- The use of cadmium in NiCd batteries raises environmental concerns in terms of toxicity and potential for soil and water pollution. Strict regulation of hazardous materials and waste disposal, with increasing environmental awareness is facing the adoption of expandable NiCd batteries.
Competition from Lithium-ion Batteries
- Lithium-ion batteries offer high capacity, light weight and long cycle life compared to NiCd batteries, they are the preferred choice for many applications. The growing popularity of lithium-ion batteries poses a competitive challenge to the global nickel cadmium battery market, especially in the electronics and electric vehicle segments.
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Global Nickel Cadmium Battery Market Competitive Landscape
The competitive environment of the Global Nickel Cadmium Battery Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Key players competing in the global Nickel Cadmium Battery market are AEG Powertools; ALCAD; Cantec Systems; Cell Pack Solutions Ltd; ENERSYS; GS Yuasa Battery Sales UK Ltd; J&A Electronics; Panasonic Life Solutions India Pvt. Ltd; Power Sonic; and Zeus Battery Products.
Top Player’s Company Profiles
- Saft
- Sony
- GP Batteries
- Energizer
- PowerGenix
- Sanyo
- China BAK
- Panasonic
- Duracell
- LG Chem
- Qualmega
- GS Yuasa Corporation
- Amco Saft
- HP Power
Recent Developments
- In April 2022, EnerSys partnered with Denmark-based Orogenic ApS in the electrical/electronics sector. This collaboration aims to increase sales and distribution of Motive Power products. Using Orogenic APS’s technical expertise and operational expertise in Denmark, EnerSys has sought to improve its product and service support in the region.
- In December 2022, the European Commission and the European Parliament jointly agreed to strengthen legislation on the sustainability of batteries and batteries. The agreement sets recycling efficiency targets of 80% for nickel-cadmium batteries by 2025 and 50% by 2025 for other waste batteries.
- In March 2022, Swedish nickel-cadmium battery manufacturer Alcad introduced CleverWatch. This powerful remote sensing solution is designed for nickel and cadmium batteries, allows efficient monitoring of unlimited numbers of batteries on site, and significantly reduces operating costs CleverWatch provides high-performance remote access for batteries with everyone.
Global Nickel Cadmium Battery Key Market Trends
- Recurring NiCd Batteries in Niche Applications: Despite facing competition from lithium-ion batteries, NiCd batteries are gaining popularity in niche applications where their unique characteristics provide unique advantages for industries such as aerospace, defense, telecommunications, which include ruggedness, reliability, and require high-temperature performance, are increasingly turning to NiCd batteries for a range of specialized applications for which lithium-ion batteries may not be suitable.
Global Nickel Cadmium Battery Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The global nickel cadmium battery market serves various applications such as consumer electronics, industrial equipment, automotive, and aerospace. These batteries are known for their durability, reliability and ability to withstand harsh operating conditions. NiCd batteries are valued for their long-extended life, high capacity, and resistance to overvoltage and overcharge. NiCd batteries perform well over a wide range of temperatures, making them suitable for use in harsh environments. Regulatory pressures and consumer preferences for environmentally friendly materials are driving an increasing shift towards more environmentally friendly alternatives, which could affect the demand for NiCd batteries. Manufacturers invest in R&D to improve NiCd battery safety features, including advanced mechanical degassing and heating systems.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 1.40 Billion |
| Market size value in 2031 | USD 1.85 Billion |
| Growth Rate | 2.8% |
| Base year | 2023 |
| Forecast period | (2024-2031) |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Nickel Cadmium Battery Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Nickel Cadmium Battery Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Nickel Cadmium Battery Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Nickel Cadmium Battery Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Nickel Cadmium Battery Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Nickel Cadmium Battery Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Nickel Cadmium Battery Market Report Snapshots
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