The Global Nickel Cadmium Battery Market size was valued at USD 1.3 Billion in 2023 and the total Global Nickel Cadmium Battery Market revenue is expected to grow at a CAGR of 2.5 % from 2024 to 2030, reaching nearly USD 1.55 Billion.
The Global Nickel Cadmium Battery Market Overview
A Nickel-Cadmium (NiCd) battery is a rechargeable battery. Nickel- Cadmium battery uses nickel oxide hydroxide as its positive and metallic cadmium as its negative electrodes.
They have low open circuit voltage. The cost of Nickel Cadmium Battery is 6-8 times the cost of normal lead battery. The Nickel-Cadmium batteries are reliable when it comes to long life of the batteries. The capacity loss is minimum and batteries have low maintenance compared to others.
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The Nickel-Cadmium batteries are rechargeable batteries and are used in electronic devices such as laptops, wireless telephones. They are also used in portable devices such as power tools, toys, emergency lighting, and medical instrumentation. The 2 major types of Nickel Cadmium Batteries are sealed type and vented type. Sealed batteries have a sealed construction and therefore does not require regular maintenance. Vented Nickel-Cadmium batteries have openings or vents that allow for the addition of water to maintain electrolyte levels and require regular maintenance. These major types are used in wide temperature range and have low internal resistance.
The hazardous impact on environment due to toxic released from cadmium has hindered the growth and use of Nickel Cadmium Batteries. The reliability factor and ability to provide consistent power of Nickel Cadmium Batteries allows its use in oil and gas, mining, satellite, energy and power. Despite the hazardous impact on environment, the use of these batteries are essential in LEO satellites, jet aircraft, Radio controlled (RC) cars, and aircraft avionics.
Asia-Pacific is global leader for Nickel Cadmium Batteries with around 30-32% expected market share by 2030. APAC is expected to grow at highest CAGR with the major contribution from China, Japan, and South Korea. Qualmega, GS Yuasa Corporation, and Amco Saft are one of the major players in APAC region for Nickel Cadmium Batteries.
The growing demand for aviation industry, electric vehicles in countries like US, Canada, and Mexico have led North America to become the second largest market globally for Nickel Cadmium Batteries accounting for around 24-26% market share. The major contribution from Germany, UK, and France has led Europe to become another significant market in Nickel Cadmium Battery Market Globally. Enersys, ALCAD Ltd, HOPPECKE Batterien GmbH are one the key players in North America and Europe region.
Nickel Cadmium Battery Market Dynamics
Nickel Cadmium Battery Growing Demand in Industries
Nickel Cadmium despite the various environmental factors as used in various industries due to its long life battery capability. The use of Nickel Cadmium Battery is essential in Aerospace and defence industry due to high-rate and low-temperature capability and resistance to overcharge. Nickel Cadmium batteries are used for starting and emergency power on jet aircraft due to their wide temperature operating range. Marathon, Eldec, and Chrysler Space Division are key manufactures for Nickel Cadmium batteries for defence. To maintain uninterrupted communication service during power outages, for power backup, Nickel cadmium batteries are used in Telecom industry.
The use of Nickel Cadmium Battery in Railways is essential due to emergency power batteries which ensures emergency braking, coach lighting. The Nickel Cadmium batteries are used for starter batteries for diesel engines providing necessary ignition power. SEC Batteries, Hoppecke’ Battery and Mastransit Mag are one of the major Nickel Cadmium provider to railways.
Nickel Cadmium batteries are preferred in medical devices such as defibrillators, pacemakers, and portable X-ray machines due to their extended service life and dependable performance. These batteries find application in patient lifting devices utilized in physical therapy and rehabilitation centres, delivering dependable power to ensure seamless and secure patient handling.
Environmental and Regulation impact on Nickel Cadmium Battery
Cadmium is a harmful substance dangerous to both human health and the environment. Exposure to cadmium in the air has a probability to lead to kidney and lung damage. Both nickel and cadmium are recognized as toxic pollutants according to environmental regulations.
In US, products with nickel-cadmium batteries must have labels and they need proper recycling or disposal. Federal Aviation Regulations (FAR) cover the use of nickel-cadmium batteries for starting engines. These regulations ensure that specific safety standards are met during the installation process. In the European Union, nickel-cadmium batteries are only allowed for replacements or specific new products. Larger ventilated wet cell Ni-Cd batteries are used in emergency lighting, standby power, and uninterruptible power supplies.
Nickel Cadmium Battery Market segment analysis
By Type, the market of sealed nickel cadmium batteries is expected to grow. The advantages of low maintenance, extended service life, and strong long-term performance are the reason for the growth. In 2023, sealed nickel cadmium batteries gained significant market share due to their widespread use in various industries, including aviation, rail, mass transit, and emergency power systems. In APAC, Sealed nickel cadmium batteries are used because they are lightweight, portable, and offer the convenience of rechargeable power.
EnerSys is contributing to the growth of sealed nickel-cadmium batteries market. EnerSys specializes in providing a range of sealed nickel-cadmium batteries made for different industries. The Operating margin of Enersys is also maintained over a period of time which indicates stable growth in sealed nickel cadmium batteries manufacturing with stable profit argin.
The vented cell type is the dominant player in the nickel cadmium battery industry, holding 50-55% share. These batteries are used across sectors including aerospace and defence, automotive, consumer electronics, healthcare, industrial applications, marine, and others. Vented nickel cadmium batteries are alternatives to lithium-ion batteries in integrated grid systems within the renewable energy sector which drives the growth for vented nickel-cadmium batteries. The availability of nickel compared to lithium in the Earth’s crust is another reason for rising demand for vented cell battery type.
In the aviation industry, vented nickel-cadmium batteries are used in emergency lighting, engine starting for backup turbines, and various other aircraft power needs which indicates strong growth in demand. Telecommunications also benefit from vented nickel-cadmium batteries as backup power sources which increases the overall sales in different industries. Vented nickel cadmium batteries offer dependable energy storage solutions, ensuring uninterrupted power supply for essential communication infrastructure.
By end-user, Nickel Cadmium batteries are used in consumer goods segment because of its light weight, low maintenance and ability to work in extreme temperature. Due to its small size, it is used in portable devices like toys, lighting. Sealed nickel cadmium batteries are commonly used in portable remote controls.
Nickel Cadmium batteries are used in Diagnostic ECG machines due to their fast charging capability. They are also used in small devices such as blood pressure monitors and diabetic monitors. Companies like Welch Allyn use the diagnostic equipment which uses nickel cadmium batteries. In the 90s, the nickel cadmium were used in EV cars but latter were banned due to amount of toxicity released by cadmium.
Global Nickel Cadmium Battery Market Competitive Landscape
Panasonic is a leading player in the nickel cadmium battery market and has a strong market presence and a significant market share. Panasonic has focused on innovation and product development and is positioning itself as a reliable and trusted brand in the battery industry.
In 2021, the company joined the movement towards cobalt-free batteries, aligning with the approach taken by other battery producers such as Samsung and automobile manufacturers like Tesla.
HB Power provides pocket, sintered ad fibre plate nickel cadmium batteries. HBL is the second-biggest company globally for making Nickel-Cadmium batteries. In India, it’s the third-largest producer of batteries for telecom, and it’s the only Indian company using Pure Lead battery technology.
Saft Batteries is a subsidiary of TotalEnergies. Saft Batteries is key player in the market due to its technologically advanced products and extensive industry experience. Saft provides around 80% of all large commercial aircraft. The company is supplies nickel cadmium batteries around 19 countries.
Nickel Cadmium Battery Market Report Scope: Inquire Before Buying
| Global Nickel Cadmium Battery Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2023 | Forecast Period: | 2024-2030 |
| Historical Data: | 2018 to 2023 | Market Size in 2023: | US $ 1.3 Bn. |
| Forecast Period 2024 to 2030 CAGR: | 2.5% | Market Size in 2030: | US $ 1.55 Bn. |
| Segments Covered: | by Cell Type | Sealed Type Vented Type |
|
| by End User | Consumer Goods Health Care Industrial |
||
Nickel Cadmium Battery Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and the Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and the Rest of APAC)
South America (Brazil, Argentina Rest of South America)
Middle East & Africa (South Africa, GCC, Egypt, Nigeria and the Rest of ME&A)
Key Nickel Cadmium Companies profiled in the report
1. Saft
2. Sony
3. GP Batteries
4. Energizer
5. PowerGenix
6. Sanyo
7. China BAK
8. Panasonic
9. Duracell
10. LG Chem
11. Qualmega
12. GS Yuasa Corporation
13. Amco Saft
14. HP Power
FAQs:
1. What is the current market of Nickel cadmium Battery globally?
Ans: The Global Nickel cadmium Battery Market is 1.5 Bn as per 2023.
2. What are the major types of Nickel Cadmium Batteries?
Ans: There are 2 major types which are Sealed and Vented Cell Type.
3. What are key players of Nickel cadmium Battery market?
Ans Qualmega, GS Yuasa Corporation, and Amco Saft., Ltd. are the key players.
4. Which region holds the largest market share in Nickel cadmium Battery?
Ans: APAC holds the largest market share in wireless market.
5. What is the growth rate of Nickel cadmium Battery market?
Ans: 2.5% CAGR is the growth rate of Nickel cadmium Battery market.
The post Global Nickel Cadmium Battery Market: Industry Analysis and Forecast (2024-2030) Trends, Statistics, Dynamics, Segmentation by cell type, end user. appeared first on MAXIMIZE MARKET RESEARCH.