BANGALORE, India, Nov. 30, 2020 /PRNewswire/ -- The Lithium-ion
Battery Recycling Market is segmented by Type - LiCoO2
Battery, NMC Battery, LiFePO4 Battery, by Applications -
Automotive, Marine , Industrial, Electric Power etc. It also covers
Global Opportunity Analysis and Industry Forecast to 2026. This
report is published on Valuates Reports in the Energy &
Utilities Category.
The Global Lithium-ion Battery Recycling market size is
projected to reach USD 19380 million
by 2026, from USD 2794.4 million in
2020, at a CAGR of 38.1% during 2021-2026.
Major factors driving the growth of Lithium-ion Battery
recycling market size are, decreasing lithium-ion battery prices,
increasing electric vehicles' adoption, rising concerns about
battery waste disposal and strict government policies.
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TRENDS INFLUENCING THE GROWTH OF LITHIUM-ION BATTERY
RECYCLING MARKET SIZE
One of the key factors driving the growth of lithium-ion
battery recycling market size is growing investments in electric
vehicle production. Most businesses have begun recycling
lithium-ion batteries as some raw materials such as lithium and
cobalt have low accessibility.
In the midst of policy-level measures to encourage
renewable power generation and the massive deployment of electric
vehicles, the power sector is experiencing substantial growth due
to the need for energy storage solutions. Thus the increasing
adoption of lithium-ion batteries in the power sector is, in turn,
expected to increase the lithium-ion recycling battery market
size.
Technological advancement is expected to increase the growth of
the lithium-ion battery market size. Technologically advanced
batteries are likely to create a huge incentive for battery
recycling companies to invest and channel their capital into
creating revolutionary technology for battery recycling.
Stringent government regulations and EPA guidelines imposed by
countries around the globe are expected to drive the Lithium-ion
battery recycling market size. Batteries come with a lot of heavy
metals and hazardous chemicals. Direct disposal of batteries as
waste has garnered environmental concerns owing to contamination of
soil and water. Thus, strict rules are being imposed by governments
worldwide to encourage recycling of batteries.
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LITHIUM-ION BATTERY RECYCLING MARKET SHARE ANALYSIS
North America is expected to
hold the largest Lithium-ion battery recycling market share during
the forecast period. North
America's dominance is attributed to the stringent
regulations implemented by the Environmental Protection Agency
(EPA) regarding air emission standards in the region. The US
and Canada are the major
lithium-ion battery recycling markets in the North American
region.
Due to the rapidly growing end-use industries, including
automotive, consumer electronics and industrial applications, the
Asia Pacific region is expected to
be the fastest-growing Lithium-ion battery recycling market during
the forecast period.
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TOP COMPANIES IN THE LITHIUM-ION BATTERY RECYCLING MARKET
SIZE
Prices drive the Lithium-ion battery recycling market. As
most recyclers use more or less the same technology, price becomes
a key distinguishing factor. High competition among players does
not allow for substantial price volatility, thereby reducing the
profitability of recycling companies.
KEY PLAYERS
- Umicore
- GEM
- Brunp Recycling
- SungEel HiTech
- Taisen Recycling
- Batrec
- Retriev Technologies
- Tes-Amm(Recupyl)
- Duesenfeld
- 4R Energy Corp
- OnTo Technology
- Others
KEY SEGMENT BY REGION
- North America
- Europe
- China
- Japan
- ROW
KEY SEGMENT BY TYPE
- LiCoO2 Battery
- NMC Battery
- LiFePO4 Battery
- Other
KEY SEGMENT BY APPLICATION
- Automotive
- Marine
- Industrial
- Electric Power
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SIMILAR REPORTS
- Lithium-ion Battery Recycling sales market size (value
& volume) by key players, type, application, and region. This
report segmented by type - Lithium-nickel Manganese Cobalt,,
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- The global lithium-ion battery market was valued at
USD 36.7 billion in 2019 and is
projected to hit USD 129.3 billion by
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Market is segmented by Component (Cathode, Anode, Electrolytic
Solution, and Others), End-use Industry [Electrical &
Electronics (Smartphones &Tablet/PC, UPS, and Others) and
Automotive (Cars, Buses, &Trucks; Scooters & Bikes;and
Trains & Aircraft), and Industrial (Cranes & Forklift,
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- United states Lithium-ion Battery Recycling market report
segmented by type - Lithium-nickel Manganese Cobalt,, Lithium-iron
Phosphate, Lithium-Manganese Oxide, LTO, NCA, LCO, application -
car, ships, industrial, Region - North
America, Europe,
China, Japan, Southeast Asia India and Other regions
(Middle East & Africa, Central & South America & key players.
- EMEA Lithium-ion Battery Recycling market report segmented
by type - Lithium-nickel Manganese Cobalt,, Lithium-iron Phosphate,
Lithium-Manganese Oxide, LTO, NCA, LCO, application - car, ships,
industrial, Region - North
America, Europe,
China, Japan, Southeast Asia India and Other regions
(Middle East & Africa, Central & South America & key players.
- United Kingdom Lithium-ion Battery Recycling market report
segmented by type - Lithium-nickel Manganese Cobalt,, Lithium-iron
Phosphate, Lithium-Manganese Oxide, LTO, NCA, LCO, application -
car, ships, industrial, Region - North
America, Europe,
China, Japan, Southeast Asia India and Other regions
(Middle East & Africa, Central & South America & key players.
- Asia Pacific Lithium-ion Battery Recycling
market report segmented by type - Lithium-nickel Manganese
Cobalt,, Lithium-iron Phosphate, Lithium-Manganese Oxide, LTO, NCA,
LCO, application - car, ships, industrial, Region - North America, Europe, China, Japan,
Southeast Asia India and Other regions (Middle East & Africa, Central & South America & key players.
- This report focuses on the global Lithium Ion Battery Recyclers
Market status future forecast growth opportunity key market and key
players & segmented into Product Type - LiCoO2 Battery, Ternary
Battery, LiFePO4 Battery, Other Battery, Application -
Digital Lithium Battery, Power Lithium Battery, Region: Global,
North America, Europe, China, Japan,
Southeast Asia India & key players.
Click Here to Find Similar Reports on Lithium-ion battery
Recycling Market
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