For this study, the global nickel battery market has been segmented into two battery chemistries, nickel cadmium and nickel metal hydride. Current market issues, drivers and restraints, revenue and unit forecasts, trends, and competitive analysis are discussed for both segments. This global study analyzes the trends and revenue for North America, Europe, the Middle East and Africa, Asia-Pacific, and Latin America. Demand analysis and revenue forecast for each region are given. The study includes demand analysis and revenue forecast for the following end-user applications: industrial, medical, automotive, consumer, military/aerospace, telecom, and other.
The global nickel battery market is at a mature stage. It is a mature technology with limited scope for innovation, and other types of battery (some already being marketed, others still in the development and testing phase) represent a major threat.
Once the battery of choice in many segments—such as consumer, medical, and military applications, where high-tech devices are constantly evolving—the nickel battery market has been slowing down for several years. Newer types of battery, mainly lithium-ion (Li-ion) and lithium-ion polymer battery are capturing the nickel battery’s market share. Yet nickel battery offer a cost-effective solution for many applications, given their lower price per kilowatt and their performance characteristics.
This study focuses on nickel cadmium (NiCd) and nickel metal hydride (NiMH) battery. NiCd battery stand out in applications that require rugged battery that can tolerate physical and chemical abuse. They have proven their reliability for many years and constitute a well-understood chemistry. Hence, growth opportunities arise from the industrial segment. The expansion of the industrial sector and the development of decentralized telecommunications and electricity networks pose a slight growth opportunity for NiCd battery. One of the main drivers of the demand for NiMH battery is the consumer segment, as secondary (rechargeable) battery continue to replace primary (disposable) battery.
The nickel battery market generated revenue of $million in 2010, with a positive growth rate of percent, after having slowed to percent in 2009 amid the global economic downturn. This market is likely to grow at an average compound annual growth rate of percent from 2010 to 2017.
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