Unveiling Potential: Nickel Cadmium Battery Market Forecasted at $1.6 Billion by 2027

Posted August 29, 2023 by avinashgogawale14

According to the Nickel Cadmium Battery Market Report Share, at a CAGR of 2.8% from 2022 to 2027, the market will be worth USD 1.6 billion.
The Nickel Cadmium Battery Market is expected to rise significantly from its estimated USD 1.4 billion valuation in 2022 to USD 1.6 billion by 2027, according to forecasts. The Compound Annual Growth Rate (CAGR) for this growth trajectory for the projection period is 2.8%. The need for nickel cadmium batteries is anticipated to drive this market's growth as businesses and consumers increasingly understand the importance of dependable and sustainable energy storage options. The market's constant expansion highlights how the landscape of energy storage technologies is changing and how vital they are to powering a variety of applications.

Nickel cadmium batteries, which were formerly a mainstay in portable electronics, became one of the first rechargeable possibilities. However, over the past few decades, the majority of their uses have moved towards the industrial sector. The nominal voltage of these batteries is around 1.2 V. It is now feasible to attain higher voltage levels, like 3.6 V, 4.8 V, and more, customised to particular requirements by combining them into battery packs. Because of their small size, they are adaptable and useful for a variety of applications, from consumer electronics to medical equipment. Beyond their compactness, these batteries provide resilience against mechanical and electrical stress, endurance, prolonged lifespans, and the capacity to withstand high temperatures.

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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) are among a few top players in the nickel cadmium battery market. These companies focus on strengthening their market position by improving their product offerings and partnering with industrial stakeholders to expand their geographic reach.


In the nickel cadmium (Ni-Cd) battery market, ALCAD A.B. has established itself as a key player, specialising mainly in industrial standby and power backup applications. With services for utilities, industrial sectors, oil & gas, renewable energy, transportation infrastructure, and commercial structures, it has a wide variety of industries and applications it can serve. In addition to its products, the business stands out for its extensive after-sales services, which include battery sizing, installation, maintenance, and decommissioning. ALCAD has established its reputation in the Ni-Cd battery market because to its cutting-edge technology and global reach. With 5 sales offices and a strong network of 70 agents and distributors covering 80 countries, the company has a global reach and solidifies its position as a major player in the market.

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Due to their reputation for long-lasting, dependable, and high-performance industrial batteries, EnerSys emerges as a significant participant in this market. The business is a recognised leader in developing complete energy storage solutions for industrial applications that cover design, construction, installation, and maintenance. Motive Power, Energy Systems, and Specialty make up its three main reporting sectors that make up its operational organisation. EnerSys provides a broad selection of batteries for electric industrial forklifts, a vital piece of manufacturing, warehousing, and material handling operations, as part of the Motive Power business sector. These batteries are also used in rail equipment, mining equipment, and diesel locomotive starters. The business offers a variety of Ni-Cd batteries under the PowerSafe and Hawker brands. These batteries are used in a variety of applications, including trains, engine starters, utility, Uninterruptible Power Supplies (UPS), and many others. The extensive strategy and product portfolio of EnerSys further solidify their position as a leading provider of industrial energy solutions.

GS Yuasa Corporation

GS Yuasa Corporation, a well-known Japanese company, has carved out a niche for itself as a manufacturer and supplier of a variety of electrical products, including switchgear, power supply systems, industrial batteries, automobile batteries, and more. The union of two prestigious companies, GS (Japan Storage Battery) and Yuasa Corporation, signified the company's founding in 2004. The firm provides a broad range of battery solutions by operating across five primary reportable segments: Automotive Batteries (Overseas), Automotive Batteries (Japan), Industrial Batteries and Power Supplies, Automotive Lithium-ion Batteries, and Specialised Batteries and Others. These cover a wide range of battery types, including nickel-cadmium, lead-acid, alkaline, and lithium-ion. Notably, the Industrial Batteries and Power Supplies sector includes their Ni-Cd battery solutions.

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HOPPECKE Batterien GmbH & Co. KG

A diverse manufacturer, HOPPECKE Batterien GmbH & Co. KG specialises in a variety of battery types, including lithium-ion, lead-acid, and nickel-cadmium. Beyond batteries, the company provides a full range of services, including economizers, energy systems, industrial solutions, battery components, and technical assistance. HOPPECKE offers a reliable and highly effective selection of Ni-Cd batteries to serve a variety of applications, including trak, grid, solar, and railway. These batteries, which are renowned for their dependability, excellence, and efficiency, are crucial components of energy storage systems, uninterruptible power supply (UPS) systems, and locomotive engine starters. They are built for stationary applications and are remarkably resistant to vibrations, high temperatures, and harsh environments. They also require less maintenance, which results in long-term cost savings. HOPPECKE Batterien exhibits its wide-ranging influence within the battery and energy solutions environment with offices in 22 countries and a global customer spanning 150 countries.

Saft Groupe SAS

A renowned battery producer with its global headquarters in France, Saft Groupe SAS offers a wide range of batteries. The company offers a variety of battery types, including nickel, primary lithium, rechargeable lithium, and silver batteries. It operates under five core business segments: connected energy, mobility, industrial standby, space and defence, and energy storage systems. In 2021, Saft Groupe SAS, a well-known energy company and a wholly-owned subsidiary of TotalEnergies SE, brought in over USD 877 million in sales from these divisions. Notably, the business's portfolio includes a selection of Ni-Cd batteries designed for risky, secure uses in utilities, transportation infrastructure, and trains. The Saft Groupe SAS's position as a significant player in the battery production industry is reaffirmed by this varied and progressive strategy.

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Last Updated August 29, 2023