China nickel-cadmium battery market is estimated to witness a CAGR of around -0.3%, during the forecast period. Surging solar panel installation is expected to create ample opportunities for the market growth in the near future. Ni-Cd batteries are significantly used as an energy storage system for solar PV and wind turbines. According to the BP PLC, the country had total solar installed capacity of 131,000 MW in 2017. Furthermore, China also registered an overall growth of nearly 67% in 2017. Moreover, it registered a growth of 99% between 2006-2016. This signifies the growing implementation of solar energy in the country. This trend is expected to follow in the coming years. Owing to this, it is expected to create opportunities for the growth of the market in the near future.
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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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China Nickel Cadmium Battery Market Segmentation
By Application
- Consumer Electronics
- Industrial
- Healthcare
- Automotive & Transportation
- Power and Utility
By Type
- D Battery
- C Battery
- A, AA & AAA Battery
- 9 Volt Battery
- Heavy Duty Battery
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