North American nickel cadmium battery market is expected to project a CAGR of around -0.5% during the forecast period. North America is estimated to show a decline in the nickel cadmium market during the forecast period, owing to the ban on the use of nickel cadmium batteries and the availability of alternative solutions. However, the use of a nickel cadmium battery can be seen in a few applications, namely, healthcare and power & utility. Ni-Cd battery finds its application in medical devices such as pacemakers and defibrillators, which may contribute to the market growth owing to the rise in the prevalence of arrhythmia and other heart-related diseases. According to the American Heart Society, in 2017, cardiovascular disease was the cause of around 800,000 mortalities in the US.
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The market is segmented on the basis of application and type. By application, the market is further segmented into consumer electronics, industrial, healthcare, automotive & transportation, power & utility. Among these, the healthcare segment is expected to show a modest growth rate in the market during the forecast period. Some medical devices including pacemakers still use Ni-Cd batteries which are providing a positive growth rate to the market. Additionally, there are chances that the healthcare segment will be the last segment which will face prohibition on the use of Ni-Cd batteries. By type, the market is segmented into D Battery, C Battery, A, AA & AAA Battery, 9 Volt Battery, and Heavy-Duty Battery. The heavy-duty battery segment is expected to hold a significant share in the market. Power & utility, automotive & transportation, and industrial segment use heavy-duty batteries which is a major factor for the largest market share during the forecast period.
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The companies which are contributing to the growth of the North American nickel cadmium battery market include Duracell Inc., Power Sonic Corp., Cell-Con, Inc., HBL Batteries, and GLOBETEK INC. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market.
Market Segmentation
North American Nickel Cadmium Battery Market by Application
Consumer Electronics
Industrial
Healthcare
Automotive & Transportation
Power and Utility
North American Nickel Cadmium Battery Market by Type
D Battery
C Battery
A, AA & AAA Battery
9 Volt Battery
Heavy Duty Battery
Regional Analysis
United States
Canada
Company Profiles
Battery Specialties Inc.
Battery Wholesale Inc.
Cell-Con, Inc.
Duracell Inc.
ENERSYS
G.S. Battery USA
GLOBETEK INC.
HBL Batteries
M&B’S BATTERY
Power Sonic Corp.
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