Nickel Cadmium Battery Market Outlook: Expected Market Valuation of $1.6 Billion by 2027

The Nickel Cadmium (NiCd) Battery Market is expected to develop at a compound annual growth rate (CAGR) of 2.8%, from USD 1.4 billion in 2022 to USD 1.6 billion by 2027. Over the course of the projected period, this market is expected to grow due to factors like the growing need for dependable and long-lasting power sources across a variety of industries. Because of its durability and extended cycle life, nickel-cadmium batteries are used in a number of important industries, such as industrial equipment, telecommunications, aerospace, and healthcare. The NiCd battery market is expected to increase at a favourable rate over the forecast years because to the consistent growth of these end-user industries.

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The Nickel Cadmium (NiCd) battery is widely used in several industries due to its rechargeable nature and use of nickel and cadmium electrodes. Ni-Cd, an acronym for nickel-cadmium battery, is a versatile battery that can be used in a wide range of industries, including aerospace and defence, automotive and transportation, consumer electronics, healthcare, industrial, and marine. The NiCd battery is well-known for its dependable and rechargeable characteristics. Its efficiency and versatility make it a favoured power source in a wide range of applications across several industrial fields.

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The market for M range batteries is expected to grow at the highest CAGR during the forecast period.

The M Range nickel-cadmium batteries are particularly well-suited for uses where continuous electrical loads up to three hours in duration are needed. With a capacity that varies from 10 Ah to 1,460 Ah, these batteries are specifically built for mixed-load situations. They are perfect for a variety of applications, including power backup in transmission and distribution substations for switchgear applications, because of their adaptability in accepting both high and low discharge rates. These batteries are used not only for protecting switchgear but also for emergency lighting, motive power, train lighting, process control, instrumentation, and Uninterruptible Power Supply (UPS). HBL Power Systems Limited's M (Medium rate) KBM nickel cadmium batteries serve as an example.

The market for automotive & transportation end-user is expected to grow at a significant CAGR during the forecast period.

In the automobile and transportation industries, nickel-cadmium (Ni-Cd) batteries are essential. They are used in passenger cars, commercial and public transportation vehicles, railroads and metro rails. Applications including engine starting, emergency lighting, railway signalling and communication systems, railway switching systems, engine cranking, critical power backup for substations, crossing protection systems, and emergency generators demonstrate their adaptability. Ni-Cd batteries perform exceptionally well in the transportation industry, where a dependable power source is essential for smooth communications, control and signalling, and passenger safety. They are a great option in this demanding industry because of their long-lasting and consistent power, little maintenance needs, and operating appropriateness in harsh temperatures.

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North America to account for a significant share of the nickel cadmium battery market in 2027.

The US is a major market for the North American Nickel Cadmium Battery Market, which is divided into the US, Canada, and Mexico. Applications for the battery are found in many different industries, including consumer electronics, utility, medical equipment, and aerospace and defence. The US offers a sizable market for nickel cadmium batteries because it is a major aircraft production base. Furthermore, Mexico's expanding economy is strengthening its electrical infrastructure, which supports market expansion. The market is additionally supported by the region's well-established recycling rules that encourage the appropriate disposal and reuse of nickel-cadmium batteries. Canada's aircraft industry is a major contributor to the increase, while Mexico is showing promise as a nickel cadmium battery market.

The major players include ALCAD A.B. (Sweden), EnerSys (US), GS Yuasa Corporation (Japan), HOPPECKE Batterien GmbH & Co. KG (Germany), HBL Power Systems Limited (India), and Saft Groupe SAS (France).

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