Powering Up: The Future of the $1.6 Billion USD Nickel Cadmium Battery Market


The Nickel Cadmium Battery Market is anticipated to expand steadily throughout the forecast period, rising from USD 1.4 billion in 2022 to USD 1.6 billion by 2027 at a compound annual growth rate (CAGR) of 2.8%. This expansion is being fueled by an increase in the need for nickel cadmium batteries, which are in great demand for use in industrial, automotive, and portable electronic devices, among other uses.

Batteries made of nickel cadmium, which were once widely utilised in portable electronics, are now mostly used in industrial applications. With a nominal voltage of about 1.2 V, they can be put together into battery packs to produce greater voltage levels, such as 3.6 V or 4.8 V, to meet the demands of certain applications. They are used in consumer electronics, medical equipment, and important industries including railways, aerospace, and defence thanks to their small size and durability. These batteries have long lifespans and are known for withstanding significant mechanical and electrical strains as well as working in extremely hot or cold conditions. This highlights the importance of these batteries in crucial applications.

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ALCAD A.B. (Sweden), EnerSys (US), GS Yuasa Corporation (Japan), HOPPECKE Batterien GmbH & Co. KG (Germany), HBL Power Systems Limited (India), and Saft Groupe SAS (France) are among a few top players in the nickel cadmium battery market. These companies focus on strengthening their market position by improving their product offerings and partnering with industrial stakeholders to expand their geographic reach.

ALCAD A.B.

Nickel cadmium (Ni-Cd) battery supplier ALCAD A.B. has become well-known in the industrial standby and power backup markets. The company has consolidated its position in the Ni-Cd battery industry by serving a variety of industries, including utilities, industrial, oil & gas, renewable energy, transportation infrastructure, and commercial buildings. In addition to its state-of-the-art technology, ALCAD sets itself apart by providing thorough after-sales services that cover battery sizing, installation, maintenance, and decommissioning. ALCAD has built a solid reputation in the market because to its vast global reach, which includes 5 sales offices and 70 agents/distributors in 80 different countries.

EnerSys

EnerSys is a significant participant in the industrial battery market, famous for its robust, high-performance products and energy storage solutions that are all-inclusive for use in industry. The company, which operates under the three reporting divisions of Motive Power, Energy Systems, and Specialty, provides a wide selection of batteries for electric industrial forklifts, mining machinery, rail applications, and other devices. EnerSys offers a range of nickel cadmium (Ni-Cd) batteries under the PowerSafe and Hawker brands. These batteries play crucial roles in industries like railroads, engine starting, utilities, and uninterruptible power supplies (UPS).

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GS Yuasa Corporation

Power supply systems, switchgear, automobile batteries, industrial batteries, and other electrical equipment are all included in the product line of GS Yuasa Corporation, a well-known Japanese producer and distributor. The company, which was formed in 2004 as a result of the union of GS (Japan Storage Battery) and Yuasa Corporation, serves both domestic and foreign markets through its five reportable segments. GS Yuasa offers nickel-cadmium (Ni-Cd) batteries under its Industrial Batteries and Power Supplies division in addition to other varieties, displaying its experience in a variety of battery technologies including lithium-ion, lead-acid, and alkaline batteries.

HOPPECKE Batterien GmbH & Co. KG

In addition to producing a variety of batteries, including lithium-ion, lead-acid, and nickel-cadmium (Ni-Cd) batteries, HOPPECKE Batterien GmbH & Co. KG also provides technical services, energy systems, and industrial services. The company's Ni-Cd battery line excels in durability, effectiveness, and quality while serving a variety of applications including trak, grid, solar, and railway. These batteries, which can withstand intense vibrations, hot temperatures, and harsh situations, are essential components of energy storage systems, uninterrupted power supply (UPS) systems, and locomotive engine starters. They have minimal maintenance requirements due to their fixed design, which translates to long-term economic effectiveness. With a presence all over the world, HOPPECKE runs offices in 22 nations and provides services to clients in 150 nations, solidifying its position as a key player in the sector.

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Saft Groupe SAS

A well-known battery company with its global headquarters in France, Saft Groupe SAS, provides a wide range of batteries, including nickel, primary lithium, rechargeable lithium, and silver. Connected Energy, Mobility, Industrial Standby, Space and Defence, and Energy Storage Systems are the company's five main business segments. The energy firm TotalEnergies SE (France), of which Saft Groupe SAS is a wholly owned subsidiary, reported sales of over USD 877 million in 2021. Nickel-cadmium (Ni-Cd) batteries are part of the company's wide range of products, which support highly important and secure applications in utilities, transportation infrastructure, and railways, reiterating its leadership in the sector.

News Covered:

https://www.globenewswire.com/en/news-release/2022/11/28/2562816/0/en/At-CAGR-of-2-8-Nickel-Cadmium-Battery-Market-Size-is-Anticipated-to-Gain-USD-1-6-Bn-by-2027.html 

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