Nickel Cadmium Battery Market Analysis

End User (Aerospace & Defense, Consumer Electronics, Healthcare, Automotive, Industrial, Marine)

The automotive segment in the nickel cadmium battery market is estimated to gain the largest revenue share of about 30% in the year 2037. The growth of the segment can be attributed to the rising transition to electric vehicle. Passenger electric vehicles are becoming increasingly popular in the world. Around 13% of new vehicles delivered in 2022 were electric. Global sales nearly doubled to 6.6 million in comparison to 2020, increasing the total number of electric vehicles on the road to 16.5 million. Electric vehicle sales climbed by 4 percentage points in 2021. According to the Net Zero Emissions by 2050 Scenario, there are likely to be over 300 million electric automobiles on the road by 2030, with electric cars accounting for 60% of new car sales.

Block Battery Construction (L-Range, M-Range, L-Range)

The L-range segment is expected to hold 46% share of the global nickel cadmium battery market in the year 2037. The growth of the segment is primarily attributed to the higher reliability on the L-range nickel-cadmium batteries. These batteries are specially designed for the application, where a power supply is required for a longer period. Owing to the supply of low currents, the discharge period of these batteries is long. Hence the reliability of these batteries for longer supply is high. There are various applications of L-range batteries, such as railway signaling, emergency braking g system, emergency lighting, PV systems, fire alarms, DC instrumentation, telecoms, and others. The capacity of L-range nickel-cadmium batteries depend on the manufacturer, and the common range resides between 8 Ah 101,680 Ah.

Our in-depth analysis of the global nickel cadmium battery market includes the following segments: