Nickel Cadmium Battery Market Size

Nickel Cadmium Battery Market size was valued at USD 1.08 billion in 2024 and is set to exceed USD 1.71 billion by 2037, expanding at over 3.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of nickel cadmium battery is evaluated at USD 1.14 billion.

The growth of the market can be attributed to the increasing demand for electric vehicles. Nickel-cadmium (NiCd) batteries are widely used in electric vehicles owing to their high discharge rates, long cycle, and reliability. The usage of EV batteries in India is expected to reach over 15 GWh by 2025 and nearly 60 GWh by 2030. Investments in the cell manufacturing business of India are expected to exceed USD 9 billion by 2030.

In addition to these, factors that are believed to fuel the market growth of nickel-cadmium batteries include the rising sales of portable electronics, such as smartphones, laptops, wearables, tablets, and others. Moreover, nickel-cadmium batteries are frequently used in industrial and commercial applications such as power tools, and emergency lighting.

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of nickel cadmium battery is evaluated at USD 1.14 billion.

The nickel cadmium battery market size was valued at USD 1.08 billion in 2024 and is set to exceed USD 1.71 billion by 2037, expanding at over 3.6% CAGR during the forecast period i.e., between 2025-2037. The growing demand for electric vehicles, expanding infrastructure of data centers will propel the market growth.

Asia Pacific industry is expected to hold largest revenue share of 35% by 2037, attributed to rising investment in boosting the production of batteries.

The major players in the market are ALCAD A.B., Battery Specialties, Inc., BYD Motors, Inc., Cell-Con, Inc., Energizer Holdings, Inc., Glob Tek, Inc., GP Batteries International Ltd., GS Yuasa Corporation, Power-Sonic Corp., Saft Groupe SAS

Nickel Cadmium Battery Market Size