Nickel Cadmium (Ni-Cd) Battery Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)

Ni-Cd battery Market Size

Ni-Cd battery Market Trends & Drivers

Rising Adoption of Nickel–Cadmium Batteries in Railway Applications

Numerous systems in railways are powered by nickel cadmium batteries, including backup power systems, emergency braking systems, emergency lighting, coach lighting, underground metros and railways, and HVAC systems. Additionally, in low-visibility areas, these devices are used to provide backup power for warning lights and signals, and they can also be used to crank the engines of diesel locomotives. High temperature resistance, tolerance for excessive charging and discharging, and frequent charging–discharging are the requirements for rail applications, all of which these energy storage systems meet.

The rail power FNC is frequently used as an onboard power supply in various types of rail vehicles, while the rail power HNCS, which is a battery with the sintered/PBE technology, is used to meet high power requirements, such as for emergency traction.

Increasing Product Adoption in Renewable Energy Projects

The rise in the investment in the renewables sector will boost the growth of the market. These batteries are in high demand as a result of an increase in the number of solar energy and other renewable energy projects. In standalone hybrid power and grid-connected wind turbine and solar photovoltaic installations, these batteries provide highly reliable energy storage. They perform appreciably during periods of peak generation as well as peak demand and integrate various power production modes. Moreover, they offer low internal resistance, which keeps their internal temperature low. This helps in the efficient operation of renewable energy systems, by allowing for quick charge and discharge, as it simplifies complex task of managing charging patterns.

Nickel Cadmium Battery Market Analysis

Vented Category Hold the Larger Share

Among all cell types, the vented category held a larger share, of, 65% in 2023. These variants are used for backup power in telecom towers and base stations, starting the engines of backup turbines, and for many other applications in aviation, railways, and mass transit. Over other types, vented-cell batteries are smaller and lighter and require less maintenance. In addition, they operate at extreme temperatures from −40°C to 70°C and have long lifespans of up to 20 years or more, depending on the type.

Sealed Category Holds Significant Share

Sealed-type cells acquired the most-significant market share in 2023 due to the technological advances that have led to the creation of small, sealed, rechargeable batteries, which are generally low-maintenance, requiring only the periodic replenishment of the water in the electrolyte. These advancements bring economic benefits and advantages of rechargeability to small batteries. Sealed, rechargeable batteries also charge faster than other batteries and offer considerably more charge cycles. These batteries are available with various output ratings and entail economical, trouble-free servicing. These batteries also have a higher power density, which means they can store more energy per unit of weight compared to other batteries.

C Type Held Largest Share in 2023

The C type division held the largest revenue share in 2023, of around 25%. A wide variety of everyday household items, such as toys, flashlights, smartphones, laptops, and musical instruments, make use of dry-cell batteries in the standard size, known as the C battery. C types are widely used because of their high energy density and long shelf life.

The chemistry and discharge conditions govern the voltage and capacity of a C-type battery. They are easy to handle because of their small size and easy integration into portable electrical and electronic devices.

L Type To Witness Fastest Growth

The L type category is expected to grow exponentially over the projection timeframe. L-type batteries are typically designed for applications that require power for an extended period. Further, they have a long discharge period, resulting in low currents, a longer operating duration, and a dependable energy supply. The L-type’s capacity varies across manufacturers, but has a typical range of 8–1,680 Ampere-hours.

Emergency lighting, DC instrumentation, railway signaling, photovoltaic systems, switchgear protection, cathodic protection, and fire alarms are all uses for the L-type batteries.

Consumer Goods To Witness Fastest Growth

The consumer goods category is expected to grow exponentially in the nickel cadmium battery market over the projection timeframe. These batteries are used in portable electronic devices, such as laptops, drills, camcorders, and other tiny battery-operated devices, due to their low maintenance. They are also favored for power tools, emergency lighting, telecom base stations and towers, and generator starter motors. Their life of 5 to 7 years makes them fit for applications in emergency situations. They can bear extreme temperatures and are safe to use.

With the high adoption of Ni–Cd batteries in the consumer goods industry, the market is expected to advance exponentially, as consumer goods companies are continuously adapting to the changing consumer demands and trends. In this regard, the market advance is credited to the changing lifestyles of people as a result of their increasing spending power.

Regional Analysis

In 2023, APAC Was Market Leader

In 2023, Asia-Pacific held the largest share, due to the growth of industries in the regional countries. The oil & gas, mining, renewable energy, and manufacturing sectors all make use of these batteries. Further, consumer electronics, automotive components, and many other electronic devices are manufactured in huge quantities in China, which is also a global hub for the manufacturing of batteries. The growing manufacturing activities, coupled with the booming sale of consumer electronics, is creating growth opportunities for the market players.

Additionally, the nation has a significant sales potential for nickel cadmium batteries due to their application in medical devices. They are widely used in stationary, portable, and even wearable medical devices due to their long service life and superior energy density over lithium-ion batteries of similar characteristics. Additionally, the Ni-Cd battery can be recharged quickly, thus making it suitable for medical devices.

Similarly, these energy sources are widely used in the automotive sector. According to the OICA, in 2022, 4 of the top 10 countries, in terms of auto production, were China, Japan, South Korea, and India.

The market in North America is expected to grow exponentially as technological advancements in consumer electronics devices, such as noise cancelation, AI integration, and long-distance wireless connectivity, create new opportunities. To meet the changes in consumer buying trends, companies are introducing new, energy-efficient models of household appliances, as well as portable electronic devices, such as smartphones, tablets, and laptops.

Market Breakdown

This fully customizable report gives a detailed analysis of the Ni-Cd battery industry, based on all the relevant segments and geographies.

Based on Cell Type

• Vented
• Sealed

Based on Type

• C Type
• D Type
• A Type
• AA Type
• AAA Type
• 9 V Type

Based on Block Battery Construction

• L Range
• M Range
• H Range

Based on End Use

• Aerospace & Defense
• Automotive & Transportation
• Consumer Goods
• Healthcare
• Industrial
• Marine

Geographical Analysis

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
  • France
  • Italy
  • Spain
• Asia-Pacific
  • China
  • Japan
  • Australia
  • India
  • South Korea
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa
  • Saudi Arabia
  • South Africa
  • U.A.E.

Top Ni-Cd battery Companies