US Nickel Cadmium Battery Market Size, Share & Forecast To 2025

Posted May 23, 2020 by rishabh3210

US Nickel Cadmium Battery Market Size, Share & Forecast To 2025US Nickel Cadmium Battery Market Size, Share & Forecast To 2025

US nickel cadmium battery market is expected to project a CAGR of around -0.5% during the forecast period. The US is estimated to show a decline in the nickel cadmium market during the forecast period, owing to the ban on the use of nickel cadmium batteries and the availability of alternative solutions. However, the use of a nickel cadmium battery can be seen in a few applications, namely, healthcare and power & utility. The US is one of the key countries in which the emphasis is on the uses of renewable energy. Owing to which the opportunities for energy creation from solar sources are expected to increase in the near future. Furthermore, the US has the largest utility-scale installations which are located in the Southwest desert. The US is expected to contribute significantly due to the rise in the adoption of solar panel technology so as to reduce electricity costs in hospitals, industries, and malls. There are numerous projects which are being undertaken so as to promote the use of solar panels in the country.

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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. 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 a 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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The companies which are contributing to the growth of the US nickel cadmium battery market include Duracell Inc., Power Sonic Corp., Cell-Con, Inc., HBL Batteries, and GLOBETEK INC. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market.

Market Segmentation

US Nickel Cadmium Battery Market by Application

Consumer Electronics
Automotive & Transportation
Power and Utility

US Nickel Cadmium Battery Market by Type

D Battery
C Battery
A, AA & AAA Battery
9 Volt Battery
Heavy Duty Battery

Company Profiles

Battery Specialties Inc.
Battery Wholesale Inc.
Cell-Con, Inc.
Duracell Inc.
G.S. Battery USA
HBL Batteries
Power Sonic Corp.

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Last Updated May 23, 2020