Market Overview:
The global high nickel ternary battery market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric vehicles (EVs) and rising concerns over climate change. The high nickel ternary battery market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into NCM and NCA batteries. NCM batteries are expected to dominate the global high nickel ternary battery market during the forecast period owing to their higher energy density as compared with NCA batteries.
Product Definition:
A high nickel ternary battery is a type of rechargeable battery that uses nickel, manganese and cobalt as its chemistries. They are often used in electric vehicles and renewable energy storage applications.
NCM:
Nickel-cadmium-metal (NCM) is a battery material that uses the combination of nickel, cadmium and metal. The NCM battery has high energy density as compared to conventional batteries having only nickel or cadmium. It also offers higher power output in terms of amperes than other batteries having only cadmium or nickel content.
NCA:
NCA is Nickel-Chloride Battery, a rechargeable battery used in portable instruments such as radio frequency identification tags and smart cards. NCA has the ability to provide high power density in a lightweight package. It offers higher energy than conventional batteries at a given weight and volume, making it ideal for applications where portability is of prime importance.
Application Insights:
The global high nickel ternary battery market by application is segregated as heavy-duty electric vehicle (HEV), battery electric vehicles (BEV), and others. The HEV segment dominated the overall industry in terms of revenue share in 2017, owing to increasing government initiatives to promote the adoption of electric vehicles across various regions.
The growing penetration of smartphones has resulted in a significant increase in demand for rechargeable batteries that operate on Nickel-metal hydride technology. This, along with other forms of renewable energy such as wind and solar power, is expected to drive the demand for HN3B cells over the forecast period.
Regional Analysis:
Asia Pacific dominated the global high nickel ternary battery market in 2016 and is expected to continue its dominance over the forecast period. The presence of key automotive manufacturers such as Toyota, Honda, Nissan and Suzuki coupled with growing demand for electric vehicles in China, India and Japan are some of the major factors driving regional growth.
Europe accounted for a significant share owing to increasing R&D investments by various organizations such as Horizon 2020 Research & Innovation Programme (H2020), European Commission; CSA+NDA Science Technology Centre (CSTS) under Canada's Department of Foreign Affairs; National Development Plan (NDP) under Mexican Ministry of Economy; among others. These organizations focus on developing advanced batteries that can be used across multiple applications including HEVs, EVs and power storage systems which is further anticipated to drive regional growth over the forecast period.
Growth Factors:
- Increasing demand for electric vehicles: The high nickel ternary battery market is expected to benefit from the increasing demand for electric vehicles. This is because electric vehicles require a higher capacity battery in order to travel longer distances.
- Growing investment in renewable energy: Another key growth driver for the high nickel ternary battery market is the growing investment in renewable energy sources such as solar and wind power. This is because these sources of energy require batteries with a higher capacity to store energy effectively.
- Rising consumer awareness about environment-friendly options: There has been a rising consumer awareness about environment-friendly options in recent years, which is benefiting the high nickel ternary battery market as these batteries are more environmentally friendly than other types of batteries available on the market today.
- Advances in technology: One of the main drivers behind the growth of any type of technology-based product or service is advances in technology, and this holds true for the high nickel ternary battery market as well. With each new advancement, it becomes easier and more cost effective to produce these batteries, which helps fuel their growth even further . 5) Growing demand from developing countries: A fifth key driver for growth within th ehigh nickel ternary batter ymarket i sthe growi ngdemand from developing countries . These countries are investing heavily i nrenewable energ ysourcesand electrifi cationof their economies , both o fwhich will create
Scope Of The Report
Report Attributes
Report Details
Report Title
High Nickel Ternary Battery Market Research Report
By Type
NCM, NCA
By Application
HEV, BEV, Others
By Companies
Panasonic, LG, SK Innovation, Samsung SDI, CATL, Lishen Battery, BAK Power, Guangzhou Great Power, Gotion High-tech, Jiangsu Tenpower Lithium, Panasonic
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
181
Number of Tables & Figures
127
Customization Available
Yes, the report can be customized as per your need.
Global High Nickel Ternary Battery Market Report Segments:
The global High Nickel Ternary Battery market is segmented on the basis of:
Types
NCM, NCA
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
HEV, BEV, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Panasonic
- LG
- SK Innovation
- Samsung SDI
- CATL
- Lishen Battery
- BAK Power
- Guangzhou Great Power
- Gotion High-tech
- Jiangsu Tenpower Lithium
- Panasonic
Highlights of The High Nickel Ternary Battery Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- NCM
- NCA
- By Application:
- HEV
- BEV
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the High Nickel Ternary Battery Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A high nickel ternary battery is a type of battery that uses nickel, manganese, and cobalt as its three primary elements. This type of battery is often used in electric vehicles because it has a high capacity and can be charged quickly.
Some of the major players in the high nickel ternary battery market are Panasonic, LG, SK Innovation, Samsung SDI, CATL, Lishen Battery, BAK Power, Guangzhou Great Power, Gotion High-tech, Jiangsu Tenpower Lithium, Panasonic.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High Nickel Ternary Battery Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 High Nickel Ternary Battery Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High Nickel Ternary Battery Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the High Nickel Ternary Battery Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global High Nickel Ternary Battery Market Size & Forecast, 2018-2028
4.5.1 High Nickel Ternary Battery Market Size and Y-o-Y Growth
4.5.2 High Nickel Ternary Battery Market Absolute $ Opportunity
Chapter 5 Global High Nickel Ternary Battery Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 High Nickel Ternary Battery Market Size Forecast by Type
5.2.1 NCM
5.2.2 NCA
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global High Nickel Ternary Battery Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 High Nickel Ternary Battery Market Size Forecast by Applications
6.2.1 HEV
6.2.2 BEV
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High Nickel Ternary Battery Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 High Nickel Ternary Battery Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America High Nickel Ternary Battery Analysis and Forecast
9.1 Introduction
9.2 North America High Nickel Ternary Battery Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America High Nickel Ternary Battery Market Size Forecast by Type
9.6.1 NCM
9.6.2 NCA
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America High Nickel Ternary Battery Market Size Forecast by Applications
9.10.1 HEV
9.10.2 BEV
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe High Nickel Ternary Battery Analysis and Forecast
10.1 Introduction
10.2 Europe High Nickel Ternary Battery Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe High Nickel Ternary Battery Market Size Forecast by Type
10.6.1 NCM
10.6.2 NCA
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe High Nickel Ternary Battery Market Size Forecast by Applications
10.10.1 HEV
10.10.2 BEV
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific High Nickel Ternary Battery Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific High Nickel Ternary Battery Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific High Nickel Ternary Battery Market Size Forecast by Type
11.6.1 NCM
11.6.2 NCA
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific High Nickel Ternary Battery Market Size Forecast by Applications
11.10.1 HEV
11.10.2 BEV
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America High Nickel Ternary Battery Analysis and Forecast
12.1 Introduction
12.2 Latin America High Nickel Ternary Battery Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America High Nickel Ternary Battery Market Size Forecast by Type
12.6.1 NCM
12.6.2 NCA
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America High Nickel Ternary Battery Market Size Forecast by Applications
12.10.1 HEV
12.10.2 BEV
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) High Nickel Ternary Battery Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) High Nickel Ternary Battery Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) High Nickel Ternary Battery Market Size Forecast by Type
13.6.1 NCM
13.6.2 NCA
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) High Nickel Ternary Battery Market Size Forecast by Applications
13.10.1 HEV
13.10.2 BEV
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 High Nickel Ternary Battery Market: Competitive Dashboard
14.2 Global High Nickel Ternary Battery Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Panasonic
14.3.2 LG
14.3.3 SK Innovation
14.3.4 Samsung SDI
14.3.5 CATL
14.3.6 Lishen Battery
14.3.7 BAK Power
14.3.8 Guangzhou Great Power
14.3.9 Gotion High-tech
14.3.10 Jiangsu Tenpower Lithium
14.3.11 Panasonic
