NMC/NCA Battery Market to Witness Astonishing Growth By 2027 | Players Panasonic(Sanyo), Samsung SDI, LG Chem, Sony, Wanxiang Group(A123), Hitachi, Tianjin Lishen, Hefei Guoxuan, OptimumNano, DLG Electronics, Zhuoneng New Energy, CHAM BATTERY, Padre Elect

The latest release from SMI with title NMC/NCA Battery Market Research Report 2020-2027 (by Product Type, End-User/Application, and Regions/Countries) evaluates each segment of the NMC/NCA Battery market in detail so that readers can be guided about future opportunities and high-profit areas of the industry. In inclusion, it presents an encyclopaedic study of important market dynamics, including Market Size, Share, Growth Initiators, Trends, Obstacles, Challenges, and opportunities.

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.

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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.

NMC/NCA Battery Market Segmentation:

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

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Product Type Segmentation:

Cylindrical
Prismatic

Application Segmentation:

Power Banks
Laptop Battery Packs
Electric Vehicles
Flashlights
Cordless Power Tools

Report Covers Impacts of COVID-19 to the market -

The on-going pandemic has overhauled various facets of the market. This research report provides the financial impacts and market disturbance on the NMC/NCA Battery market. It also includes analysis on the potential lucrative opportunities and challenges in the foreseeable future. DataIntelo has interviewed various delegates of the industry and got involved in the primary and secondary research to confer the clients with information and strategies to fight against the market challenges amidst and after COVID-19 pandemic.

Key Questions Answered in Report:

1. What is the major factor which leads this market to the next level?
2. What will the market Demand and what will be Growth?
3. What are the latest opportunities to NMC/NCA Battery Market in the future?
4. What are the strengths of the key players?
5. What is the key to NMC/NCA Battery Market?

Global NMC/NCA Battery Market Industry Analysis assists clients with customized and syndicated reports of significant importance to the experts involved in data and market analysis. The report also calls for market-driven results that drive a feasibility study for customer needs. SMI guarantees validated and verifiable aspects of market data operating in real-time scenarios. Analytical studies are conducted to confirm customer needs with a thorough understanding of market capabilities in real-time scenarios.

In conclusion, NMC/NCA Battery Market report is your trusted source for accessing research data that is expected to exponentially accelerate your business. This report provides information such as economic scenarios, benefits, limitations, trends, market growth rates and figures. The SWOT analysis is also incorporated into the report along with the guess attainability survey and venture revenue survey.

Furthermore, the years considered for the study are as follows:

Historical year – 2014-2018
Base year – 2019
Forecast period – 2020 to 2027

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