The global nickel-cadmium (Ni-Cd) battery market is growing at a considerable CAGR of 0.7% during the forecast period (2021-2027). The major factors that are generating revenue for the Ni-Cd battery industry are low cost in terms of cost per cycle, ease of availability, ultra-fast charging capabilities, and long shelf life, and good load performance. Ni-Cd batteries are produced in an extensive series of sizes and capacities, from large ventilated cells used for standby power and motive power to portable sealed types interchangeable with carbon-zinc dry batteries. Ni-Cd is utilized for enhancing the safety and quality of the equipment, and reducing Total Cost of Ownership (TCO), and safeguarding the environment, as they provide a truly reliable solution. Ni-Cd batteries have a significant market in photography equipment, emergency lighting, portable power tools, portable electronic devices, and flashlights, as well as several other devices used daily. Besides, the Ni-Cd battery’s unique electrochemistry allows withstanding any depth of discharge regularly. Several portable phones, camcorders, cordless power tools such as cordless drills, portable appliances, and audio equipment use Ni-Cd battery as it can ultra-fast charge in less than 15 minutes.

However, cohesive government policies regarding cadmium have forced the manufacturer to use alternatives such as nickel-metal hydride (NiMH) and other batteries. It is due to the disposition challenges related to cadmium, as it is a heavy metal. For instance, eight states of the US have banned the disposal of nickel-cadmium and small sealed lead-acid batteries. Conversely, a significant rise in the demand for rechargeable batteries is one of the major opportunities for the market players. The rechargeable battery sector invests significantly in R&D and several batteries are in the pre-commercial phase. The rechargeable battery sector invests significantly in R&D and several batteries are in the pre-commercial phase.

COVID-19 Impact on Global Nickel-Cadmium Battery Market

The global nickel-cadmium battery market was negatively affected by the COVID-19 pandemic since December 2019. The outbreak of COVID-19 in the major economies has disrupted the manufacturing and supply of nickel-cadmium batteries in the countries like China and India. There was also a huge downfall observed in the automobile industry. Due to a shortage of funding and labor, many consumer electronics companies faced a variety of issues. Owing to pandemic and containment measures, the global goal of creating portable batteries has practically come to a halt. The nickel-cadmium batteries market has seen a drop in demand resulting shortage of raw materials and supply chain negative effects. However, the market did not saw a downfall in the healthcare sector. The market is estimated to have a “W” shape recovery in the forecast period due to the restart of major players in the industry. 

Segmental Outlook 

The market is segmented based on application and type segment. Based on the application segment, the market is segmented into consumer electronics, industrial equipment, healthcare equipment, automotive, and others. Further, based on the type segment, the market is bifurcated into D-Battery, C Battery, A Battery, AA Battery, AAA Battery, and 9 Volts Battery. Among these, A size batteries older laptops whereas AA size batteries are used in small electronics such as an electric shaver,  torch, and many household electronic devices.

Global Nickel-Cadmium Battery Market Share by Application, 2020 (%)

Consumer Electronics Segment is to Hold a Lucrative Share in the Global Nickel Cadmium Battery market

Amongst the application segment of the global nickel-cadmium battery market, the consumer electronics segment is projected to grow at a substantial rate over the forecast period. Earlier, nickel-cadmium batteries were one of the first rechargeable batteries to be adopted by consumers who are looking for solutions to power their portable devices, with applications in portable power tools, flashlights, photography equipment, and emergency lighting. However, the potential environmental hazards of cadmium components, have led to a decrease in the sale of these batteries in consumer electronics. The declining trend is expected to continue coupled with the emerging demand for lithium-ion batteries. 

However, the healthcare application segment is estimated to grow at a positive CAGR during the forecast period. Currently, several medical devices are being powered by nickel-cadmium batteries owing to their features, including low internal resistance, outstanding storage, better resistance to shock and vibration, and easy to handle characteristics. Therefore, it is expected that there will be a moderate demand for nickel-cadmium batteries in healthcare applications.

Regional Outlooks

The global nickel-cadmium battery market is analyzed based on the geographical regions that are contributing significantly to the growth of the market. Based on the geography, the market is bifurcated into North America (the US and Canada), Europe (Germany, Spain, Italy, France, the UK, and the Rest of Europe), Asia-Pacific (India, China, Japan South Korea, and the Rest of Asia-Pacific), and the Rest of the World (the Middle East and Africa, and Latin America). North America and the European region have significant contributions in the market owing to the presence of key players in the region. However, due to the environmental issues, the government of these developed regions has imposed limitations that are affecting the growth rate of the market negatively. The use of nickel-cadmium batteries is banned with the European Union except for medical use; alarm systems; emergency lighting; and portable power tools.

Global Nickel-Cadmium Battery Market Growth, by Region 2021-2027

Asia-Pacific is projected to highest Contributor to the growth of the Global Nickle Cadmium Battery market

Asia-Pacific is anticipated to be the fastest-growing region in the global nickel-cadmium battery market. Asia-Pacific region is estimated to have one of the major shares in the nickel-cadmium battery market. China and India account for a key share of the nickel-cadmium battery market in the region due to the presence of major players and their revenue contribution in the region. The rise in the automobile industry is one of the major factors that drive the growth of the market in this region. The Ni-Cd battery market in the region is being driven by the rising telecommunications sector, aviation industry, and off-grid PV. Moreover, during the forecast period, the region's demand for nickel-cadmium batteries would be fueled by the increasing installation of renewable energy systems such as solar and wind energy systems.

Market Players Outlook

Key players of the nickel-cadmium battery market include ALCAD A.B., Duracell Inc., VARTA AG, Panasonic Corp., EH Europe GmbH (EnerSys), Interberg Batteries Ltd., and GlobTek, Inc. To survive in the market these players adopt different marketing strategies such as a merger, acquisitions, product launch, and geographical expansion so on. For instance, in January 2020, VARTA AG announced the acquisition of the Europe-based VARTA Consumer Batteries business (“VARTA Consumer”) from US-based Energizer Holdings, Inc. The company aims to expand its global manufacturing of battery solutions from the acquisition. 

The Report Covers

• Market value data analysis of 2020 and forecast to 2027.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global nickel-cadmium battery market based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying who-stands-where in the market.