The NMC Battery Pack Market size is estimated at 34.49 billion USD in 2024, and is expected to reach 60.62 billion USD by 2029, growing at a CAGR of 11.94% during the forecast period (2024-2029).
The NMC Battery Pack Market is fairly consolidated, with the top five companies occupying 69.13%. The major players in this market are BYD Company Ltd., China Aviation Battery Co. Ltd. (CALB), Contemporary Amperex Technology Co. Ltd. (CATL), Guoxuan High-tech Co. Ltd. and LG Energy Solution Ltd. (sorted alphabetically).
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