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 competitive landscape of the Electric Vehicle Battery Recycling market includes information about competitors. Among the areas covered are a firm overview, financials, revenue generated, market potential, RD investment, new market efforts, geographical presence, business strengths and weaknesses, product introduction, and application dominance. The information that follows is only relevant to the organization’s concentration on the Electric Vehicle Battery Recycling market.
Market Scope:
To validate the market size and estimate the market size by different segments, top-down and bottom-up methodologies are utilized. The research’s market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights applied to each section based on usage rate and average sale price are used to determine percentage splits, market shares, and segment breakdowns. The percentage adoption or usage of the provided market Size in the relevant area or nation is used to determine the country-wise splits of the overall market and its sub-segments.
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Segments:
The market is divided into Lithium-ion, Lead-acid, Nickel-based batteries, and others based on battery type. The lithium-based subsegment is predicted to grow the quickest, with sales reaching $6,099.8 million by 2029, up from $541.0 million in 2021. The lithium-based sub-segment of the global Electric Vehicle Battery Recycling Market is expanding due to a variety of factors such as high power-to-weight ratio, high energy efficiency, good high-temperature performance, and low self-discharge, all of which offer significant environmental benefits over other fossil fuel alternatives. As their popularity develops, electric vehicles are projected to have an immediate impact on carbon emissions reductions. Such critical factors might have a significant impact on market expansion in the foreseeable years. All of these elements lead to the rise in demand.
Key Players: Primary and secondary research are used to identify market leaders, while primary and secondary research is utilized to determine market revenue. Primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary research included a review of the leading manufacturers’ annual and financial reports, whereas primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary sources are utilized to compute percentage splits, market shares, growth rates, and global market breakdowns, which are then checked using primary data.
The following are the key players of the Electric Vehicle Battery Recycling market-
• 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)
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Regional Analysis:
Individual market influencing components and changes in market rules that affect current and future market trends are also covered in the geographical component of the research. Among the variables used to forecast market scenarios for various countries are downstream and upstream value chain analysis, technological trends, porter’s five forces analysis, and case studies.
COVID-19 Impact Analysis on Electric Vehicle Battery Recycling Market: The report also investigates the impact of COVID-19 on the Electric Vehicle Battery Recycling market. The fundamental purpose of this research is to help users understand the market in terms of definition, segmentation, market potential, key trends, and difficulties that the industry is facing across major regions. The research provides a microeconomic and macroeconomic analysis of the overall impact of COVID-19 on the Electric Vehicle Battery Recycling Market. The study focuses on market share and size, clearly indicating the influence that the epidemic has had and will have on the worldwide Electric Vehicle Battery Recycling Market in the next years.
Key Questions Answered in the Electric Vehicle Battery Recycling Market Report are:
- What will be the Electric Vehicle Battery Recycling market’s CAGR throughout the projected period (2021-2027)?
- Which market category emerged as the market leader in the Electric Vehicle Battery Recycling industry?
- Who are the key players in the Electric Vehicle Battery Recycling market?
- What important trends in the Electric Vehicle Battery Recycling industry are anticipated to develop throughout the forecast period?
- How big will the Electric Vehicle Battery Recycling market be in 2027?
- In 2020, which business segment had the highest proportion of the Electric Vehicle Battery Recycling market?
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