세계의 NMC(삼원계 음극재) 배터리 시장 전망(-2030년) : 유형별, 용도별, 지역별 분석

According to Stratistics MRC, the Global Nickel Manganese Cobalt (NMC) Battery Market is accounted for $25.8 billion in 2023 and is expected to reach $81.7 billion by 2030 growing at a CAGR of 17.9% during the forecast period. NMC batteries are a type of lithium-ion battery known for their high energy density, which makes them well-suited for various applications, including electric vehicles (EVs), portable electronic devices, and renewable energy storage systems. This market encompasses the entire value chain, from the extraction and processing of raw materials to battery manufacturing and sales. One prominent application lies in the electric vehicle (EV) sector, where NMC batteries are widely utilized due to their high energy density and relatively long lifespan. They provide reliable and efficient storage solutions, helping to stabilize energy supply and meet fluctuating demand.

According to Bloomberg New Energy Finance, NCM battery production capacity takes up 69% of the entire Li-ion battery production capacity.

Market Dynamics:

Driver:

Growing demand for electric vehicles

As countries worldwide intensify efforts to combat climate change and reduce dependence on fossil fuels, there has been a remarkable shift towards electric transportation. NMC batteries, known for their high energy density and superior performance, have emerged as a favored power source for EV manufacturers. These batteries offer longer driving ranges, faster charging capabilities, and enhanced safety features, addressing key concerns of consumers regarding EV adoption. Moreover, advancements in NMC battery technology have led to improvements in energy efficiency and cost reduction, making electric vehicles more accessible to a broader market.

Restraint:

High production costs

The batteries, known for their high energy density and stability, are crucial components in electric vehicles (EVs) and renewable energy storage systems. However, the expense associated with sourcing raw materials, refining processes, and manufacturing techniques contributes to elevated production costs. Nickel and cobalt, particularly, are subject to price fluctuations and supply chain challenges. However, the intricate chemistry and quality control required in NMC battery production further add to expenses. As a result, the high production costs trickle down to end consumers, making electric vehicles less competitive in the market compared to conventional vehicles.

Opportunity:

Technological advancements

Continuous research and development efforts aimed at improving battery performance, safety, and cost-effectiveness have led to significant strides in NMC battery technology. Innovations such as enhanced cathode formulations, novel electrolyte compositions, and advanced manufacturing processes have contributed to increased energy density, longer cycle life, and faster charging capabilities of NMC batteries. These improvements not only address key limitations of conventional lithium-ion batteries but also expand the range of applications for NMC batteries across electric vehicles, renewable energy storage, and consumer electronics sectors.

Threat:

Energy density limitations

While NMC batteries offer relatively higher energy density compared to some other lithium-ion chemistries, they still face challenges in achieving even greater energy densities. This limitation directly impacts the driving range of EVs and the runtime of portable electronic devices, influencing consumer adoption and satisfaction. However, in sectors where space and weight are critical factors, such as aerospace and wearable technology, the inability to further increase energy density limits the potential applications of NMC batteries.

Covid-19 Impact:

Initially, disruptions in the global supply chain due to lockdowns and restrictions on movement led to delays in manufacturing and delivery of NMC batteries. Uncertainties surrounding the pandemic prompted cautious spending behaviors, affecting investments in renewable energy projects that heavily rely on NMC batteries for energy storage solutions. However, travel restrictions hindered the transportation of materials and finished products, causing delays in manufacturing and delivery schedules.

The NMC 622 segment is expected to be the largest during the forecast period

NMC 622 segment commanded the largest share over the projection period. NMC 622 batteries, which contain 60% nickel, 20% manganese, and 20% cobalt in their cathode composition, offer a balanced combination of energy density, power capability, and thermal stability. This configuration addresses critical concerns in industries ranging from electric vehicles to consumer electronics, where longer range, faster charging and enhanced safety are paramount. The heightened demand for electric vehicles, coupled with advancements in energy storage solutions, has propelled the adoption of NMC 622 batteries.

The commercial segment is expected to have the highest CAGR during the forecast period

Commercial segment is estimated to witness the highest CAGR during the forecast period. The increasing adoption of electric vehicles (EVs) in the commercial sector, including buses, trucks, and delivery vans, is propelling demand for NMC batteries, which offer higher energy density and longer lifespan compared to other battery chemistries. The growing deployment of renewable energy systems such as solar and wind farms necessitates efficient energy storage solutions, further boosting the demand for NMC batteries in commercial applications. Moreover, manufacturing processes have led to cost reductions and improved performance characteristics, making NMC batteries increasingly attractive for commercial use.

Region with largest share:

Asia Pacific region commanded the largest share of the market throughout the extrapolated period. As countries in the region strive to reduce carbon emissions and transition towards cleaner energy alternatives, there has been a surge in demand for energy storage solutions capable of efficiently harnessing intermittent renewable energy, such as solar and wind power. NMC batteries have emerged as a promising technology in this regard, offering high energy density, improved safety features, and longer lifespan compared to traditional battery technologies. Moreover, advancements in manufacturing processes and economies of scale have led to a reduction in the cost of NMC batteries, further driving their adoption across various applications including electric vehicles, grid stabilization, and residential energy storage systems.

Region with highest CAGR:

Asia Pacific region is poised to witness profitable growth throughout the projection period of time. Government mandates and incentives, such as subsidies for EV purchases, tax breaks, and stringent emissions standards, are incentivizing both manufacturers and consumers to adopt NMC batteries due to their higher energy density, longer lifespan, and improved safety compared to traditional lithium-ion batteries. Additionally, regulations promoting sustainable sourcing of raw materials are pushing companies to invest in NMC battery production, further bolstering the market's growth.

Key players in the market

Some of the key players in Nickel Manganese Cobalt (NMC) Battery market include 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., Lithium Werks, Novonix Limited, ProLogium Technology Co., Ltd., SK Innovation Co., Ltd and Tesla.

Key Developments:

In September 2022, Tesla initiated the establishment of a lithium EV battery processing facility in Texas. This facility aims to refine raw metal materials into a usable state for battery production, after which the lithium hydroxide will be transported to various Tesla battery manufacturing plants. Tesla's decision also serves as a strategic move to diversify its lithium and battery production supply chain.

In May 2022, BYD has acquired six lithium-ion mines in Africa, aiming to secure a significant supply of raw materials for its battery technology and enhance its presence in the region. These resources will be utilized across automotive and stationary applications. The six mines are anticipated to hold more than 25 million tonnes of ores, with a lithium oxide grading of 2.5%.

Types Covered:

• NMC 622
• NMC 532
• NMC 111

Applications Covered:

• Commercial
• Consumer Electronics
• Electric Vehicles
• Industrial
• Residential
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Nickel Manganese Cobalt (NMC) Battery Market, By Type

• 5.1 Introduction
• 5.2 NMC 622
• 5.3 NMC 532
• 5.4 NMC 111

6 Global Nickel Manganese Cobalt (NMC) Battery Market, By Application

• 6.1 Introduction
• 6.2 Commercial
• 6.3 Consumer Electronics
• 6.4 Electric Vehicles
• 6.5 Industrial
• 6.6 Residential
• 6.7 Other Applications

7 Global Nickel Manganese Cobalt (NMC) Battery Market, By Geography

• 7.1 Introduction
• 7.2 North America
  • 7.2.1 US
  • 7.2.2 Canada
  • 7.2.3 Mexico
• 7.3 Europe
  • 7.3.1 Germany
  • 7.3.2 UK
  • 7.3.3 Italy
  • 7.3.4 France
  • 7.3.5 Spain
  • 7.3.6 Rest of Europe
• 7.4 Asia Pacific
  • 7.4.1 Japan
  • 7.4.2 China
  • 7.4.3 India
  • 7.4.4 Australia
  • 7.4.5 New Zealand
  • 7.4.6 South Korea
  • 7.4.7 Rest of Asia Pacific
• 7.5 South America
  • 7.5.1 Argentina
  • 7.5.2 Brazil
  • 7.5.3 Chile
  • 7.5.4 Rest of South America
• 7.6 Middle East & Africa
  • 7.6.1 Saudi Arabia
  • 7.6.2 UAE
  • 7.6.3 Qatar
  • 7.6.4 South Africa
  • 7.6.5 Rest of Middle East & Africa

8 Key Developments

• 8.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 8.2 Acquisitions & Mergers
• 8.3 New Product Launch
• 8.4 Expansions
• 8.5 Other Key Strategies

9 Company Profiling

• 9.1 A123 Systems, LLC
• 9.2 Amaron Batteries
• 9.3 BYD Company Limited
• 9.4 Clarios
• 9.5 Contemporary Amperex Technology Co., Limited
• 9.6 Ding Tai Battery Company Ltd.
• 9.7 Duracell, Inc.
• 9.8 Exide Technologies
• 9.9 Koninklijke Philips N.V.
• 9.10 Lithium Werks
• 9.11 Novonix Limited
• 9.12 ProLogium Technology Co., Ltd.
• 9.13 SK Innovation Co., Ltd
• 9.14 Tesla