| Product Code: ETC12753358 | Publication Date: Apr 2025 | Updated Date: Feb 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
The Canada NMC battery pack market witnessed a significant increase in imports from 2020 to 2024. The compound annual growth rate (CAGR) for this period was 44.70%. Notably, in 2023-2024, the year-on-year growth rate spiked to 93.21%, indicating a substantial surge in imports during that specific year.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Canada NMC Battery Pack Market Overview |
3.1 Canada Country Macro Economic Indicators |
3.2 Canada NMC Battery Pack Market Revenues & Volume, 2022 & 2032F |
3.3 Canada NMC Battery Pack Market - Industry Life Cycle |
3.4 Canada NMC Battery Pack Market - Porter's Five Forces |
3.5 Canada NMC Battery Pack Market Revenues & Volume Share, By Type, 2022 & 2032F |
3.6 Canada NMC Battery Pack Market Revenues & Volume Share, By Capacity, 2022 & 2032F |
3.7 Canada NMC Battery Pack Market Revenues & Volume Share, By Application, 2022 & 2032F |
3.8 Canada NMC Battery Pack Market Revenues & Volume Share, By End User, 2022 & 2032F |
4 Canada NMC Battery Pack Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of electric vehicles in Canada |
4.2.2 Growing demand for energy storage solutions |
4.2.3 Government initiatives supporting renewable energy sources |
4.3 Market Restraints |
4.3.1 High initial investment cost |
4.3.2 Limited availability of raw materials for NMC battery production |
4.3.3 Competition from other battery technologies |
5 Canada NMC Battery Pack Market Trends |
6 Canada NMC Battery Pack Market, By Types |
6.1 Canada NMC Battery Pack Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Canada NMC Battery Pack Market Revenues & Volume, By Type, 2022 - 2032F |
6.1.3 Canada NMC Battery Pack Market Revenues & Volume, By NMC 111, 2022 - 2032F |
6.1.4 Canada NMC Battery Pack Market Revenues & Volume, By NMC 532, 2022 - 2032F |
6.1.5 Canada NMC Battery Pack Market Revenues & Volume, By NMC 622, 2022 - 2032F |
6.1.6 Canada NMC Battery Pack Market Revenues & Volume, By NMC 811, 2022 - 2032F |
6.2 Canada NMC Battery Pack Market, By Capacity |
6.2.1 Overview and Analysis |
6.2.2 Canada NMC Battery Pack Market Revenues & Volume, By <10 kWh, 2022 - 2032F |
6.2.3 Canada NMC Battery Pack Market Revenues & Volume, By 10-50 kWh, 2022 - 2032F |
6.2.4 Canada NMC Battery Pack Market Revenues & Volume, By 50-100 kWh, 2022 - 2032F |
6.2.5 Canada NMC Battery Pack Market Revenues & Volume, By >100 kWh, 2022 - 2032F |
6.3 Canada NMC Battery Pack Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Canada NMC Battery Pack Market Revenues & Volume, By Electric Vehicles, 2022 - 2032F |
6.3.3 Canada NMC Battery Pack Market Revenues & Volume, By Energy Storage Systems, 2022 - 2032F |
6.3.4 Canada NMC Battery Pack Market Revenues & Volume, By Consumer Electronics, 2022 - 2032F |
6.3.5 Canada NMC Battery Pack Market Revenues & Volume, By Industrial Applications, 2022 - 2032F |
6.4 Canada NMC Battery Pack Market, By End User |
6.4.1 Overview and Analysis |
6.4.2 Canada NMC Battery Pack Market Revenues & Volume, By Automotive, 2022 - 2032F |
6.4.3 Canada NMC Battery Pack Market Revenues & Volume, By Renewable Energy, 2022 - 2032F |
6.4.4 Canada NMC Battery Pack Market Revenues & Volume, By Consumer Electronics, 2022 - 2032F |
6.4.5 Canada NMC Battery Pack Market Revenues & Volume, By Heavy Industry, 2022 - 2032F |
7 Canada NMC Battery Pack Market Import-Export Trade Statistics |
7.1 Canada NMC Battery Pack Market Export to Major Countries |
7.2 Canada NMC Battery Pack Market Imports from Major Countries |
8 Canada NMC Battery Pack Market Key Performance Indicators |
8.1 Average selling price of NMC battery packs |
8.2 Number of electric vehicles sold in Canada |
8.3 Investment in research and development for NMC battery technology |
9 Canada NMC Battery Pack Market - Opportunity Assessment |
9.1 Canada NMC Battery Pack Market Opportunity Assessment, By Type, 2022 & 2032F |
9.2 Canada NMC Battery Pack Market Opportunity Assessment, By Capacity, 2022 & 2032F |
9.3 Canada NMC Battery Pack Market Opportunity Assessment, By Application, 2022 & 2032F |
9.4 Canada NMC Battery Pack Market Opportunity Assessment, By End User, 2022 & 2032F |
10 Canada NMC Battery Pack Market - Competitive Landscape |
10.1 Canada NMC Battery Pack Market Revenue Share, By Companies, 2025 |
10.2 Canada NMC Battery Pack Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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