Nickel Cadmium Battery Market Size, Share and Global Trend By Block Battery Construction (L Type, M Type, H Type), By End-User (Consumer Goods, Industrial Equipment, Healthcare Equipment, Automotive) and Regional Forecast, 2024-2032

The nickel-cadmium (Ni-Cd) battery is the most reliable battery system available in the market. Its unique feature enables it to be used in wide application. Nickel-Cadmium has been an obvious choice for the users looking for a reliable, long life, and low maintenance system. It uses nickel hydroxide as the active material for the positive plate, and cadmium hydroxide for the negative plate.

The electrodes are separated by a permeable membrane which allows electron and ionic flow between them and immerses in an aqueous solution of potassium hydroxide. During discharge, the nickel oxide-hydroxide combines with water and produces nickel hydroxide and a hydroxide ion. Cadmium hydroxide is provided at the negative electrode.

To charge the battery the process can be reversed. Sealed Ni-Cd batteries are used commonly in commercial electronic products such as a remote control, where lightweight, portability, and rechargeable power are essential. In a recent period, the Ni-Cd battery becomes accessible for storage for a solar generation due to its ability to withstand high temperatures. Ongoing development in renewable power generation, aviation industry, growing consumer electronics market is expected to leverage the growth of the Ni-Cd battery market.

The nickel-cadmium battery market is segmented into block battery construction and end-user. Block battery construction is further classified into L, M, and H type. L type of battery is used to store bulk amount of energy while M type of battery is used primarily for power backup purpose. Ni-Cd batteries find its application in consumer goods, industrial equipment, healthcare equipment, and automotive. It is also used in solar PV off-grid to store energy.

Nickel-Cadmium is a highly appropriate option available for telephone, standby generators, power tools, electric razors, medical instruments, toys, and many more due to its higher recycle life with recharging 3 to 5 times more than a lead-acid battery. This the only type of battery that can be ultra-fast charged with little stress and economically priced in terms of cost per cycle, which accelerate the demand for nickel-cadmium battery in the market.

Alternate technology available over Ni-Cd battery such as lithium-ion battery and nickel-metal hydride battery which possess high energy density than Ni-Cd battery. The initial cost of the Ni-Cd battery is more than a lead-acid battery, and the cadmium is potentially hazardous which obstructing the growth of the nickel-cadmium battery market.

Key Players Covered

The major companies manufacturing nickel-cadmium batteries are Qualmega, Inc., AMCO Saft India Ltd., ALCAD Ltd, Montu Electronics LLP, Shenzhen Nova Energy Co., Ltd, HBL Power Systems Ltd., Panasonic, GS Battery, EnerSys, Saft, Interberg Batteries Ltd, Cell-Con, Inc., ZEUS Battery Products, Cantec Systems Canada, Hi-Watt Battery Industry Co., Ltd, Exide Industries Ltd.

SEGMENTATION

Regional Analysis

The nickel-cadmium battery market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is expected to see a surge in demand for Ni-Cd battery due to growing exploration activities onshore and offshore and massive demand for passenger and commercial aircraft. Ni-Cd batteries are highly robust and are able to operate in a harsh environmental condition such as high temperature, low temperature, humidity which suits the weather condition in Europe.

Thus in the substation, aviation, telecom networks, these batteries are used that can increase the demand for Ni-Cd battery. One of the fastest-growing regions in the world, i.e. APAC, where growing economies such as India & China are investing in various development programs. The growing telecommunication sector, aviation industry, and off-grid PV are driving the Ni-Cd battery market in APAC. Oil-rich nations in MEA are persistently investing in the development of oil and gas projects to increase productivity. Also, the rise in installation of renewable energy systems such as solar and wind energy systems will fuel the demand for nickel-cadmium batteries in the region during the forecast period.

Key Industry Developments

• In December 2018, A utility company in Hungary has replaced the lead-acid batteries in the substation with Nickel-Cadmium batteries. The batteries are installed by Saft near to the Austrian border.


• In August 2018, Excide batteries announced to invest $78million for setting up new facilities in its existing plant in West Bengal. The company expands its lead batteries manufacturing but also moving to make nickel-cadmium batteries.


• In July 2018, A contract has been awarded by Boeing to Saft for supplying rechargeable nickel-cadmium battery system for its new 777 and 777x airliners. The new Ni-Cd battery system will provide superior performance and a lower total cost of ownership due to extended maintenance intervals.