Ni-Cd Battery Market Trends, Sales, Supply, Demand, Analysis & Forecast to 2025
The global
nickel-cadmium battery market is declining at a CAGR of 0.7%
during the forecast period (2018-2023). Ni-Cd batteries use nickel oxide
hydroxide and metallic cadmium as electrodes. They are available as a rechargeable
battery and works in high-drain devices and lasts longer. The Ni-Cd battery
finds a significant application in portable devices such as motorized
equipment, power tools, medical instrumentation, and others. These batteries
are available in various sizes from AAA through D as well as heavy-duty
batteries.
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Some of the major players contributing to the
nickel-cadmium market include Alcad Ltd., Bosch Production Tools, Panasonic
Corp., Duracell Inc., Saft Groupe SA, are contributing significantly into the
market.
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. Countries
of the European Union have also banned the Ni-Cd batteries due to which a very
high decline will be registered in the region during the forecast period. As
per EU regulations, portable batteries and accumulators which contain more than
0.002% of cadmium by weight shall not be placed in the market.
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The market is segmented on the basis of application and
type. By application, the market is further segmented into consumer
electronics, industrial, healthcare, automotive & transportation, power
& utility. Some medical devices including pacemakers still use Ni-Cd
batteries which are providing a positive growth rate to the market.
Additionally, there are chances that the healthcare segment will be the last
segment which will face prohibition on the use of Ni-Cd batteries. By type, the
market is segmented into D Battery, C Battery, A, AA & AAA Battery, 9 Volt
Battery, and Heavy-Duty Battery. The heavy-duty battery segment is expected to
hold the largest share during the forecast period. Power & utility,
automotive & transportation, and industrial segment use heavy-duty
batteries which is a major factor for the largest market share during the
forecast period.
Mergers & acquisitions, geographical expansion, partnership
& collaborations, product launches and joint ventures are some crucial
strategies used by the companies to expand their market share and gain a
competitive advantage over their competitors.
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Global Ni-Cd Battery Market Segmentation
By Application
·
Consumer Electronics
·
Industrial
·
Health Care
·
Automotive
By Type
·
D-Battery
·
C Battery
·
A, AA, AAA Battery
·
9 Volts Battery
·
Heavy Duty Battery
Global Ni-Cd Battery Market Regional Overview
North America
·
US
·
Canada
Europe
·
Germany
·
UK
·
France
·
Spain
·
Italy
·
Rest of Europe
Asia-Pacific
·
China
·
India
·
Japan
·
Rest of Asia-Pacific
Rest of the World
·
Middle East & Africa
·
Latin America
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