Asia-Pacific nickel-cadmium battery market is estimated to witness a CAGR of around -0.4%, during the forecast period. Asia-Pacific is estimated to contribute considerably in the global Ni-Cd battery market owing to the rising consumer electronics industry, positive outlook for the renewable energy sources in the region, vast population base, and developing economies such as China, India, and South Korea in the region. Ni-Cd batteries find significant application in a wide variety of consumer electronics, as energy storage for solar photovoltaic (PV) and wind turbines in stand-alone hybrid power and grid-connected installations. Asia-Pacific is home to several developing economies is seen as the high potential market for the solar panel companies to invest. According to the BP PLC, China led the Asia-Pacific in terms of solar panel installed capacity with 131 gigawatts (GW) installed capacity in 2017. China is followed by Japan with a total solar installed capacity of 49 GW in 2017.
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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. Among these, the healthcare segment is expected to show a modest growth rate in the market during the forecast period. 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 significant share in the market. 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.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Asia-Pacific Nickel Cadmium Battery Market by Application
- Consumer Electronics
- Industrial
- Healthcare
- Automotive & Transportation
- Power and Utility
Asia-Pacific Nickel Cadmium Battery Market by Type
- D Battery
- C Battery
- A, AA & AAA Battery
- 9 Volt Battery
- Heavy Duty Battery
Regional Analysis
- China
- Japan
- India
- Rest of Asia-Pacific
Company Profiles
- ALCAD LTD.
- EverExceed
- Panasonic Corp.
- SANYO Electric Co., Ltd.
- Shenzhen NOVA Energy Co., Ltd.
- Sichuan Changbong Battery Co., Ltd.
- Test Rite Battery
The Report Covers
- Comprehensive research methodology of the Asia-Pacific nickel-cadmium battery market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the Asia-Pacific nickel-cadmium battery market.
- Insights about market determinants which are stimulating the Asia-Pacific nickel-cadmium battery market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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