Nickel Cadmium Battery Market Outlook:
Nickel Cadmium Battery Market size was over USD 1.14 billion in 2025 and is projected to reach USD 1.62 billion by 2035, witnessing around 3.6% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of nickel cadmium battery is evaluated at USD 1.18 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.
