Nickel Cadmium Battery Market Trends

Growth Drivers

• Growing Instances for Power Outages - Nickel-cadmium batteries provide important backup power capabilities to ensure public transport systems continue to run securely in the event of a power outage. According to the most recent IEA data, the number of people living without electricity worldwide is expected to rise by about 20 million in 2022, reaching nearly 775 million.
• Rise in the Number of Aircraft - Industrial nickel-cadmium batteries are the chosen battery technology for both civilian and military aircraft. In the event that the primary power supply fails, they provide backup power for avionics and other critical onboard equipment. In spite of the pandemic imposed by COVID-19, the global aircraft fleet was around 25,600 in 2022. It is also expected to exceed 38,000 by 2032.
• Expanding Infrastructure of Data Center -Nickel-cadmium batteries work absolutely fine in a wide range of temperatures, thus making them suitable for use in data center infrastructure management. There were about 8,000 data centers in 110 different countries as of January 2021. These six countries include the United States, which accounts for around 33% of all data centers, the United Kingdom, which accounts for around 6%, and China, which accounts for nearly 5%.

Challenges

• Environmental Concerns Associated with Nickel Cadmium Batteries — These batteries contain toxic materials, including cadmium and nickel. After their expiration date, if they are not disposed of properly then it can pose serious harm to the environment. This has led to some restrictions on the use of these batteries in certain applications.
• Availability of Other Batteries in the Market
• NiCd batteries are Perceived to be Outdated