"Revolutionizing Sustainability: The Electric Vehicle Battery Recycling Market and its Global Impact"


Posted August 4, 2023 by Pujammr

Electric Vehicle Battery Recycling Market size was valued at US$ 1.67 Bn. in 2021 and the total revenue is expected to grow at 37.1 % through 2022 to 2029, Electric Vehicle Battery Recycling Market is reaching nearly US$ 20.87 Bn. by 2029.

 
Electric Vehicle Battery Recycling Market Overview:

The Electric Vehicle Battery Recycling Market study may be tailored to incorporate pricing trend analysis of target brands, Market knowledge for additional countries (ask for a list of countries), clinical trial outcomes data, literature research, refurbished Market and product base analysis, and more. Target rival Market analysis can range from technology-based study to Market portfolio strategies. We can add as many rivals as you need data on in the format and data type you like. Our analysts can also supply you with data in raw raw excel files pivot tables or help you create presentations using the data sets included in the report.

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Electric Vehicle Battery Recycling Market Scope: To locate and collect material appropriate for this study, this research study makes considerable use of secondary sources, directories, and databases such as annual reports, press releases, journals, corporate websites, and databases.

Electric Vehicle Battery Recycling Market Dynamics: The automotive industry is moving towards cleaner, more sustainable fuels, which is driving up demand for electric vehicles. The heavy reliance on oil as a fuel in the transportation sector is concerning economics and environmentalists alike. The growing awareness of environmental issues has led to an increase in the popularity of electric automobiles. Due to the widespread usage of EDVs, lithium-ion batteries—which are essential for guaranteeing a steady power supply—are growing in popularity. It is anticipated that the market for electric vehicles would grow due to factors like customer adoption, pollution reduction, and energy savings. The number of electric vehicles has increased due to advancements in battery technology and decreased maintenance requirements for lithium-ion batteries.

Segmentation:

by Battery Type
• Lithium-ion
• Lead-acid
• Nickel-based battery
• Others

by Application
• Electric Cars
• Electric Buses
• Energy Storage Systems
• Others

by Battery Type The market is further divided into Lithium-ion, Lead-acid, Nickel-based, and other battery types based on battery type. The lithium-based subsegment is predicted to grow at the quickest rate, with sales estimated to expand from US$541.0 million in 2021 to US$6,099.8 million by 2029. Due to several advantages over other fossil fuel alternatives in terms of environmental impact, such as a high power-to-weight ratio, high energy efficiency, good performance at high temperatures, and low self-discharge, the lithium-based subsegment of the global Electric Vehicle Battery Recycling Market market is expanding. As electric vehicles become more and more popular, there should be an immediate effect on reducing carbon emissions. Throughout the projection years, the market's growth may be significantly impacted by these crucial factors. Each of these elements has a part in the rise in demand.

by Application:

The market is divided into three sub-sectors based on application: energy storage systems, electric vehicles, and electric buses. With 386.7% of the market in 2021, the electric bus segment is expected to remain dominant for the duration of the forecast. This is a result of the growing use of alternative fuel technology in buses and other commercial vehicles, which offers faster acceleration, zero emissions, and quieter operation. In the market, energy storage devices and electric vehicles come after electric buses. Remanufactured lithium-ion batteries to give them a second life with 70–80% charging capacity is expected to propel the energy storage systems market, which is expected to grow at a CAGR of 41.45% during the forecast period.

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Key Players:

The Market competitive landscape Seamless Pipes gives information by competitor. Business overview, financials, revenue produced, Market potential, investment in RD, new Market efforts, worldwide presence, production sites and facilities, production capacity, company strengths and weaknesses, product launch, product width and breadth, application domination are all mentioned. The data points presented above are only linked to the firms' concentration on the Seamless Pipes sector. These are the main players-

• ACCUREC Recycling GmbH
• American Manganese Inc.
• Battery Solutions
• LI-CYCLE CORP.
• G & P Service
• Recupyl
• Retriev Technologies
• SITRASA
• SNAM S.A.S.
• Umicore
• Glencore International AG (Switzerland)
• International Metals Reclamation Company
• LLC /INMETCO (US)
• Retriev Technologies (US)
• Australian Battery Recycling Initiative
• IT eCycling Solutions
• Zhuhai Zhongli New Energy Sci-Tech (iNTE)

For any Queries Linked with the Report, Ask an Analyst@ https://www.maximizemarketresearch.com/market-report/global-electric-vehicle-battery-recycling-market/64353/

Regional Analysis:

The country portion of the Electric Vehicle Battery Recycling Market study additionally includes individual Market affecting elements and changes in legislation in the Market that affect present and future Market trends. Consumption volumes, production sites and volumes, import export analysis, price trend analysis, raw material costs, and downstream and upstream value chain analysis are some of the primary indicators utilised to anticipate the Market situation for particular nations. While providing forecast analysis of the nation data, the existence and availability of global brands, as well as the obstacles they face due to significant or scarce competition from local and domestic brands, as well as the impact of domestic tariffs and trade routes, are also taken into account.

COVID-19 Impact Analysis on Electric Vehicle Battery Recycling Market :

A detailed study of Covid-19 impacts the Electric Vehicle Battery Recycling Market is provided in the report.
The World Health Organization has declared Covid-19 a global health emergency due to its impact on thousands of people worldwide. The Coronavirus disease, which already affects these groups, had affected Electric Vehicle Battery Recycling Market segments.

Key Questions answered in the Electric Vehicle Battery Recycling Market Report are:

At what growth rate is the Electric Vehicle Battery Recycling Market evolving?
Who are the major Market giants operating in the global Electric Vehicle Battery Recycling Market ?
Which application segment of the Electric Vehicle Battery Recycling Market is observing the fastest growth?
What is the primary driving factor of the global Electric Vehicle Battery Recycling Market ?
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Last Updated August 4, 2023