The nickel–cadmium battery market size is expected to advance at a CAGR of 3.0% during 2024–2030, to reach USD 1,888.6 million by 2030.
The major growth factors for the market are the boom of the aviation industry, rise in the need for renewable energy, and increase in the demand for high-energy-density and durable batteries.
Ni–Cd batteries are used in a variety of industries, including oil & gas, energy & power, mining, aerospace & defense, manufacturing, automotive & transportation, marine, and healthcare, due to their long life, gradual capacity loss, low maintenance, and resistance to mechanical and environmental abuse.
The industrial equipment category dominated the nickel–cadmium battery market in 2023. Industries such as oil & gas, power (including renewable energy), chemical, mining, and manufacturing make extensive use of these batteries. In order to offer energy for critical loads, control shutdown procedures, and ensure data security in these industries, the batteries need to provide safe and continuous operations.
Batteries are needed in process industries because they can perform well in a variety of harsh conditions and temperatures. Moreover, these batteries must have low maintenance requirements and a long life. Further, they are preferred in industrial settings as they are ideal for complex operating conditions and provide dependable backup power.
The Indian telecom industry continues to struggle despite being the world's second-largest, because of the risk of unexpected power outages, inadequacies in the power grid, and a lack of a continuous power supply. When the power grid fails due to severe weather, poor grid quality, or natural disasters, telecom networks need dependable power backup for hours and even days. Nickel–cadmium batteries are used as both stationary and enginestarting batteries in telecommunication base stations and towers.
Batteries made specifically for the telecom industry guarantee high performance in relation to load capacity.
As a result, the telecom sector is expected to have a high demand for these ESSs. Additionally, telecom networks will require adequate storage solutions to power 5G services and accommodate the resulting increase in traffic. According to estimates, a 5G site will require two to three times as much power as a 4G site. Similarly, the number of data centers will need to increase as more services are delivered at the edge, and this will create the need for cutting-edge battery solutions.
Commercial and private aviation activities will continue to grow in the coming years, along with air freight transportation and defense requirements. The increase in tourism activities after COVID-19 and the growth in the culture of staycations have resulted in the resurgence of the commercial aviation sector. The burgeoning need for emergency supplies and in-time deliveries are creating a high demand for air cargo services, by putting the e-commerce sector under intense strain. With the growth of the aviation sector due to all these reasons, the demand for aircraft has also increased. Nickel–cadmium batteries are used in aircraft for engine starting, emergency lighting, signaling systems, and intercommunication devices.
These batteries are equipped internally with thermal switches and heaters for performing various tasks in the aircraft auxiliary power supply system. These batteries can outperform their rated capacity when their temperature is maintained between 60 and 90 °F. Aircraft using Ni–Cd batteries have a fault protection system to monitor the batteries’ condition. The battery charger monitors the condition of the battery and issues related to overheating, shorted circuiting, and cell imbalance.
The biggest global nickel–cadmium battery market players are Sanyo Chemical Industries Ltd, Energizer Holdings Inc., Gold Peak Batteries International Limited, Toshiba Corporation, BYD Company Ltd., ALCAD A.B., Interberg Batteries Ltd., Exide Industries Ltd., and Panasonic Corporation.