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Nickel Manganese Cobalt (NMC) battery Market Share

Report ID: GMI8150
Published Date: Feb 2024
Report Format: PDF

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Nickel Manganese Cobalt Battery Market Share

Tesla holds a significant stake in the lithium-ion battery market, known for its extensive expertise in engineering and manufacturing various lithium-ion chemistries, including LFP, NMC, among others. With a robust history deeply ingrained in the battery technology sector, the company has provided battery solutions across a wide range of applications, covering energy storage, automotive, and others.

Nickel Manganese Cobalt Market Companies

Some of the key market players operating across the nickel manganese cobalt (NMC) industry are:

A123 Systems, LLC
Clarios
Contemporary Amperex Technology Co., Limited
Ding Tai Battery Company Ltd.
Duracell, Inc.
ENERGON
Exide Technologies
Koninklijke Philips N.V.
LITHIUMWERKS
ProLogium Technology CO., Ltd.
Saft
Tesla

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size of nickel manganese cobalt battery was reached USD 25.8 billion in 2023 and is set to grow at a CAGR of over 15.7% through 2032, driven by strong demand for electric vehicles and evolving technological trends across diverse industries.

The automotive segment will showcase 14% CAGR through 2032, attributed to favorable legislation supporting the adoption of low-emission vehicles.

Europe nickel manganese cobalt battery market is expected to exceed USD 21.5 billion by 2032, attributed to rising awareness regarding the advantages of electric vehicles and the environmental impacts of conventional vehicles.

A123 Systems, LLC, Clarios, Contemporary Amperex Technology Co., Limited, Ding Tai Battery Company Ltd., Duracell, Inc., ENERGON, Exide Technologies, Koninklijke Philips N.V., LITHIUMWERKS, ProLogium Technology CO., Ltd., Saft, and Tesla.