EV Battery Recycling
Market Insights
According to MRFR analysis, the global Electric Vehicle Battery
Recycling Market is expected to register
a CAGR of ~35.40% from 2022 to 2030 and hold a value of over USD 1.92 billion by
2030.
The
efficient approach to lowering the usage of batteries that are disposed of in
the municipal solid waste sector is battery recycling. An attempt is being made
to increase the adoption of environmentally friendly, zero-emission electric
automobiles. By utilizing ions and improving their efficiency, battery
recycling seeks to lengthen the life of batteries. No customers were interested
in purchasing an electric car during the shutdown since all businesses were
closed. Only the healthcare industry is experiencing a significant loss during
these difficult times. Due to a lack of workers, many enterprises had to close.
To escape the sickness, all of the workers returned to their own countries.
Consequently, e-business suffered significantly in 2020 and during the
shutdown. It is anticipated that everything would return to normal with the
start of the vaccine procedure by the year 2030.
Recycling Processes:
Electric Vehicle Battery
Recycling Market Regional Analysis
The
highest market share is in the Asia-Pacific region. The reason for this is the
region's rising e-vehicle manufacturing and sales. This region's population is
becoming more and more equipped with battery cooling systems for electric cars.
In nations such as Japan, China, Australia, Vietnam, and India, the EV battery
recycling business is growing thanks to rising investments from both public and
private actors. According to market forecasts, these nations also have strong
demand because of car safety features.
Market Segmentation
The
Global Electric Vehicle Battery Recycling Market has been segmented into Battery
Type, Process, and Application
Based
on the Battery Type, the market has been segmented into lead-acid, lithium-ion,
and others.
Based
on the Process, the market has been segmented into Pyrometallurgical, Hydrometallurgical,
and others.
Based
on the Application, the market has been segmented into Passenger cars, Commercial
vehicles.
Electric Vehicle Battery Recycling Market Key Players
Some
of the key market players are ACCUREC Recycling,
American Manganese Inc, Battery Solutions, Li-Cycle Corp, G & P Batteries,
Recupyl, Retriev Technologies, Australian Battery Recycling Initiative, Snam, and
Umicore.
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