Nickel hydroxides (monohydroxides of several modifications and layered double hydroxides, based on nickel hydroxide) have high electrochemical, electrochromic, and electrocatalytic properties that allow them to be effectively used as an active substance in alkaline batteries, hybrid supercapacitors, electrochemical sensors, for electrocatalytic oxidation of organic substances and as an electrochromic device. Each application has its specific requirements for nickel hydroxides which must be defined. For an effective application, it is necessary to carry out a targeted construction of structure and composition, and selection of characteristics of nickel hydroxides and to develop targeted methods and conditions for nickel hydroxide synthesis. The structure, properties, and methods of preparation for use in various fields of nickel hydroxide application have been considered from the targeted ternary points of view: requirements definition, types and characteristics selection, and applying the synthesis method in industry. The 3‐level hierarchical complex of mechanisms for the formation of nickel hydroxides has been described. Also, the contribution of Ukrainian scientists to research in the field of nickel hydroxides is considered.