Nickel Cadmium Battery Market Global Forecast to 2027
DUBLIN–(BUSINESS WIRE)–The “Global Nickel Cadmium Battery Market by Type (C, D, A, AA, AAA, 9 V), Block Battery Construction (L Range, M Range, H Range), End-user (Aerospace & Defense, Automotive, Consumer Electronics, Healthcare, Industrial, Marine) and Region – Forecast to 2027” report has been added to ResearchAndMarkets.com’s offering.
The global nickel cadmium battery market size is projected to grow from USD 1.4 Billion in 2022 to USD 1.6 Billion by 2027 at a CAGR of 2.8% during the forecast period.
H-range batteries to grow at an impressive CAGR from 2022 to 2027
The H Range batteries are designed with very thin plates for applications that require significantly high current discharge in a short period. The capacity for these batteries typically ranges from 8 Ah to 1012 Ah. The battery is designed so that the discharge is frequent or infrequent and a high current is supplied for about 60 minutes or less.
The applications for H Range batteries are engine starting, power plant emergency backup applications, generator starting, UPS, diesel locomotive cranking, and aircraft/helicopter ground starting applications. For instance, Saft Groupe SAS offers a KPH range of high-rate performance batteries for applications that require high current supply over short periods.
Aerospace & defense end-user to hold a significant market share of nickel cadmium battery market
The aerospace and defense applications include military aircraft, commercial aircraft, helicopters, business jets, and UAVs. The nickel cadmium batteries are used to power emergency lighting, engine starting, radios, intercommunication devices, critical backup power for aircraft control & signaling systems, power backup for emergency generators, etc.
The nickel cadmium batteries can withstand high vibrational stresses as well as extreme temperature conditions, which are experienced in aircraft. Hence, the Ni-Cd batteries are the most preferred batteries over any other battery technology for aircraft.
The market in Europe is expected to grow at an significant CAGR during the forecast period
Europe is further segmented into the major European countries, which include the UK, Germany, France, and the Rest of Europe. The region constitutes various developed and industrialized economies, which use nickel cadmium batteries in sectors such as manufacturing, automotive, and healthcare.
In addition, the region has a well-connected railway system that uses nickel cadmium batteries for power backup systems. Hence, the transportation infrastructure is also one of the major contributors to the growth of the nickel cadmium battery market in the region. Besides, the European Union has passed laws on nickel cadmium batteries limiting battery usage only in emergency systems and lighting, such as alarms, medical equipment, and cordless power tools. Hence, owing to the regulations passed by the EU, the growth of the nickel cadmium battery market in the region is stagnant.
Market Dynamics
Drivers
- Surging Adoption in Railway Applications due to Long Service Life and Other Advantages
- Growing Adoption in Critical Industries for Emergency Power Backup Applications
Restraints
- Harmful Effects of Cadmium on Environment and Human Health
- Limited Energy Density and Other Performance Issues
Opportunities
- Growing Aviation Industry
- Increasing Renewable Energy Practices Globally
Challenges
- Availability of Other Superior Battery Technologies
Companies Mentioned
- Zeus
- Custom Power
- Cantec Systems Canada
- Dantona Industries Inc.
- Alcad A.B.
- Aceon Battery Solar Technology Ltd.
- Gaz GmbH
- Honda Denki Co., Ltd.
- Germarel GmbH
- Jiangmen Jjj Battery Co., Ltd.
- Shenzhen Nova Energy Co., Ltd.
- Qualmega, Inc.
- Hoppecke Batterien GmbH & Co. Kg
- Statron Ltd.
- Ukb (Unikor Battery) Co., Ltd.
- Cell-Con
- Saft Groupe Sas
- The Furukawa Battery Co., Ltd.
- Enersys
- Gs Yuasa Corporation
- Hbl Power Systems Limited
- Henan Xintaihang Power Source Co., Ltd.
- Tenergy Corporation
For more information about this report visit https://www.researchandmarkets.com/r/f7xo66
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