With the slowdown in world economic growth, the NMC/NCA Battery industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, NMC/NCA Battery market size to maintain the average annual growth rate of XXX from XXX million $ in 2014 to XXX million $ in 2018, Stratagem Market Insights analysts believe that in the next few years, NMC/NCA Battery market size will be further expanded, we expect that by 2023, The market size of the NMC/NCA Battery will reach XXX million $.
Lithium nickel manganese cobalt oxide battery (LiNiMnCoO2), also known as NMC, is a cathode combination of nickel-manganese-cobalt (NMC), whereas lithium nickel cobalt aluminum oxide (LiNiCoAlO2), also known as NCA, shares similarities with NMC by offering high specific energy, reasonably good specific power and a long life span.
Increasing demand for sedans and small cars is expected to propel growth of the global NMC/NCA battery over the forecast period. For instance, according to SNE Research’s August 2020 report, sales at LG Chem increased 83% to 10.5 gigawatt hours, lifted by rising demand for Tesla's Model 3 sedans in China as well as for Renault's Zoe small car. Moreover, increasing sale of electric bikes is also expected to boost demand for NMC/NCA battery. For instance, Giant recorded sales of 29,000 electric bikes in the first half of 2019 and the company was expecting to sell another 310,000 electric bikes by the end of 2019.
Increasing production of electric powertrains is expected to offer lucrative growth opportunities for players in the global NMC/NCA battery market. For instance, in August 2020, The Shyft Group, Inc., a specialty vehicle manufacturing company, announced its go-to-market Utilimaster brand is producing its first production order of electric vehicles (EV) for two leading parcel delivery companies on its new flexible body assembly line. Moreover, launch of electric vehicles is also expected to boost demand for NMC/NCA batteries. For instance, in January 2020, Great Wall Motor, a China-based automobile manufacturer, announced to launch its electric car Ora R1 in India in 2020.
However, development of cobalt-free lithium-ion batteries is expected to hinder growth of the global NMC/NCA battery market. For instance, in July 2020, researchers from the Cockrell School of Engineering at The University of Texas at Austin developed a cobalt-free high-energy lithium-ion battery.
Key Takeaways
- Significant growth in the battery business is expected to propel growth of the global NMC/NCA battery over the forecast period. For instance, according to LG Chem, the company’s revenue at its battery business will reach US$ 11 billion in 2020 and is expected to reach US$ 25 billion in 2025.
- Major players operating in the global NMC/NCA battery market are focused on launching new products to expand their product portfolio. For instance, in August 2019, Samsung SDI launched a variety of products including high-capacity ESS (Energy Storage System) to strengthen its position in the market.
Major players operating in the global NMC/NCA battery market include, Panasonic (Sanyo), Samsung SDI, LG Chem, Sony, Wanxiang Group, Hitachi, Tianjin Lishen, Hefei Guoxuan, LARGE, OptimumNano, DLG Electronics, Zhuoneng New Energy, CHAM BATTERY, and Padre Electronic.
This Report covers the manufacturers' data, including: shipment, price, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data.
Besides, the report also covers segment data, including: type segment, industry segment, channel segment etc. cover different segment market size, both volume and value. Also cover different industries clients information, which is very important for the manufacturers.
Section 1: Definition
Section (2 3): Manufacturer Detail
Panasonic(Sanyo)
Samsung SDI
LG Chem
Sony
Wanxiang Group(A123)
Hitachi
Tianjin Lishen
Hefei Guoxuan
LARGE
OptimumNano
DLG Electronics
Zhuoneng New Energy
CHAM BATTERY
Padre Electronic
Section 4: Region Segmentation
North America Country (United States, Canada)
South America
Asia Country (China, Japan, India, Korea)
Europe Country (Germany, UK, France, Italy)
Other Country (Middle East, Africa, GCC)
Section (5 6 7): Segmentation
Product Type Segmentation -
Cylindrical
Prismatic
Industry Segmentation -
Power Banks
Laptop Battery Packs
Electric Vehicles
Flashlights
Cordless Power Tools
Channel (Direct Sales, Distributor) Segmentation
Section 8: Trend (2018-2023)
Section 9: Product Type Detail
Section 10: Downstream Consumer
Section 11: Cost Structure
Section 12: Conclusion
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