Nickel-Cadmium Battery Market Forecast: Expected Growth to USD 1.55 Billion by 2030

The global Nickel Cadmium Battery Market, valued at USD 1.3 billion in 2023, is on a growth trajectory, with projections indicating a rise to approximately USD 1.55 billion by 2030. This growth represents a compound annual growth rate (CAGR) of 2.5% from 2024 to 2030. Nickel-Cadmium batteries, known for their rechargeable nature, utilize nickel oxide hydroxide and metallic cadmium as their electrodes.