Forecast nickel demand worldwide, by renewable energy sector and scenario 2020-2040

Published by Statista Research Department, Oct 30, 2023
Global nickel demand is forecast to grow considerably in 2030 and 2040 compared to 2020 in both the Sustainable Development Scenario and the Stated Policies Scenario. For electric vehicles and storage, nickel demand is forecast to increase from 81 metric tons worldwide in 2020, to 987 metric tons in 2040 based on the Stated Policies Scenario, and 3,352 metric tons based on the Sustainable Development Scenario in the same year.

Renewable energy demand for nickel in worldwide in 2020, with forecast figures for 2030 and 2040, by sector and scenario (in metric tons)

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Release date

May 2021

Region

Worldwide

Survey time period

2020

Supplementary notes

*Stated Policies Scenario.
**Sustainable Development Scenario.

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