Nickel Manganese Cobalt Battery Market Growth, Size, Trends Analysis - By Type, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2034

PUBLISHED: August 14, 2025

PAGES: 253 Pages

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Description

Nickel Manganese Cobalt Battery Market Introduction and Overview

According to SPER Market Research, 'Global Nickel Manganese Cobalt Battery Market Size - By Type, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2034' state that the Global Nickel Manganese Cobalt Battery Market is predicted to reach 126.45 billion by 2034 with a CAGR of 15.05%.

NMC batteries, a type of lithium-ion battery, is composed of nickel, manganese, and cobalt. They are extensively utilized in portable gadgets and electric cars. Because NMC batteries can store a significant amount of energy in a relatively small area, they are suitable for applications where weight and size are important considerations. These batteries don't lose much of their capacity even after several cycles of charging and discharging.

Restraints: Batteries are essential parts of renewable energy storage systems and electric vehicles (EVs) because of their high energy density and reliability. However, high production costs are a result of the cost of acquiring raw materials, refining procedures, and manufacturing techniques. In particular, supply chain issues and price swings affect nickel and cobalt.

Scope of the report:

Report Metric Details

Market size available for years 2021-2034

Base year considered 2024

Forecast period 2025-2034

Segments covered By Type, By Application

Regions covered North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa

Companies Covered A123 Systems, LLC, Amaron Batteries, BYD Company Limited, Clarios, Contemporary Amperex Technology Co, Limited, Ding Tai Battery Company Ltd, Duracell, Inc, Exide Technologies, Koninklijke Philips N.V.

Global Nickel Manganese Cobalt Battery Market Segmentation:

By Type: Based on the Type, Global Nickel Manganese Cobalt Battery Market is segmented as; NMC 622, NMC 532, NMC 111.

By Application: Based on the Application, Global Nickel Manganese Cobalt Battery Market is segmented as; Commercial, Consumer Electronics, Electric Vehicles, Industrial, Residential, Other Applications.

By Region: This research also includes data for North America, Latin America, Asia-Pacific, Europe, Middle East & Africa.

Product Code: POAE25153

1. Introduction

1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology

2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPERs internal database
- 2.1.4. Premium insight from KOLs
2.2. Market size estimation
- 2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation

3. Executive Summary

4. Market Dynamics

4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunities
- 4.1.4. Challenges

5. Market variable and outlook

5.1. SWOT Analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4. Threats
5.2. PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
5.3. PORTERs Five Forces
- 5.3.1. Bargaining power of suppliers
- 5.3.2. Bargaining power of buyers
- 5.3.3. Threat of Substitute
- 5.3.4. Threat of new entrant
- 5.3.5. Competitive rivalry
5.4. Heat Map Analysis

6. Competitive Landscape

6.1. Global Nickel Manganese Cobalt Battery Market Manufacturing Base Distribution, Sales Area, Interface Type
6.2. Mergers & Acquisitions, Partnerships, Interface Launch, and Collaboration in Global Nickel Manganese Cobalt Battery Market

7. Global Nickel Manganese Cobalt Battery Market, By Type 2021-2034 (USD Million)

7.1. NMC 622
7.2. NMC 532
7.3. NMC 111

8. Global Nickel Manganese Cobalt Battery Market, By Application 2021-2034 (USD Million)

8.1. Commercial
8.2. Consumer Electronics
8.3. Electric Vehicles
8.4. Industrial
8.5. Residential
8.6. Other Applications

9. Global Nickel Manganese Cobalt Battery Market, 2021-2034 (USD Million)

9.1. Global Nickel Manganese Cobalt Battery Market Size and Market Share

10. Global Nickel Manganese Cobalt Battery Market, By Region, 2021-2034 (USD Million)

10.1. Asia-Pacific
- 10.1.1. Australia
- 10.1.2. China
- 10.1.3. India
- 10.1.4. Japan
- 10.1.5. South Korea
- 10.1.6. Rest of Asia-Pacific
10.2. Europe
- 10.2.1. France
- 10.2.2. Germany
- 10.2.3. Italy
- 10.2.4. Spain
- 10.2.5. United Kingdom
- 10.2.6. Rest of Europe
10.3. Middle East and Africa
- 10.3.1. Kingdom of Saudi Arabia
- 10.3.2. United Arab Emirates
- 10.3.3. Qatar
- 10.3.4. South Africa
- 10.3.5. Egypt
- 10.3.6. Morocco
- 10.3.7. Nigeria
- 10.3.8. Rest of Middle-East and Africa
10.4. North America
- 10.4.1. Canada
- 10.4.2. Mexico
- 10.4.3. United States
10.5. Latin America
- 10.5.1. Argentina
- 10.5.2. Brazil
- 10.5.3. Rest of Latin America

11. Company Profile

11.1. A123 Systems, LLC
- 11.1.1. Company details
- 11.1.2. Financial outlook
- 11.1.3. Interface summary
- 11.1.4. Recent developments
11.2. Amaron Batteries
- 11.2.1. Company details
- 11.2.2. Financial outlook
- 11.2.3. Interface summary
- 11.2.4. Recent developments
11.3. BYD Company Limited
- 11.3.1. Company details
- 11.3.2. Financial outlook
- 11.3.3. Interface summary
- 11.3.4. Recent developments
11.4. Clarios
- 11.4.1. Company details
- 11.4.2. Financial outlook
- 11.4.3. Interface summary
- 11.4.4. Recent developments
11.5. Contemporary Amperex Technology Co., Limited
- 11.5.1. Company details
- 11.5.2. Financial outlook
- 11.5.3. Interface summary
- 11.5.4. Recent developments
11.6. Ding Tai Battery Company Ltd
- 11.6.1. Company details
- 11.6.2. Financial outlook
- 11.6.3. Interface summary
- 11.6.4. Recent developments
11.7. Duracell, Inc
- 11.7.1. Company details
- 11.7.2. Financial outlook
- 11.7.3. Interface summary
- 11.7.4. Recent developments
11.8. Exide Technologies
- 11.8.1. Company details
- 11.8.2. Financial outlook
- 11.8.3. Interface summary
- 11.8.4. Recent developments
11.9. Koninklijke Philips N.V
- 11.9.1. Company details
- 11.9.2. Financial outlook
- 11.9.3. Interface summary
- 11.9.4. Recent developments
11.10. Others