Global Electric Vehicle Battery Recycling Market by Type (Nickel-cadmium Battery, nickel-metal Hydride Battery, lithium-ion Battery, lithium Polymer Battery, lead-acid Cell), By Application (Automotive Enterprises, Battery Enterprises, Other) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global electric vehicle battery recycling market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric vehicles across the globe and the growing awareness about environment-friendly alternatives. The global electric vehicle battery recycling market is segmented on the basis of type, application, and region. On the basis of type, it is divided into nickel-cadmium battery, nickel-metal hydride battery, lithium-ion battery, lithium polymer battery and lead acid cell. The automotive enterprises segment dominates this market owing to high demand for electric vehicles from this sector. However, with rising environmental concerns and regulations related to emissions in various countries across the globe; there is an increasing trend towards adoption of electric vehicles by other end users such as government organizations and public transport operators which would fuel growth in this segment over coming years.



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Product Definition:

Electric Vehicle Battery Recycling is the process of recycling spent electric vehicle batteries. The importance of Electric Vehicle Battery Recycling is twofold: it helps protect the environment by keeping harmful chemicals out of landfills, and it helps keep electric vehicle prices low by providing a reliable supply of recycled batteries.

Nickel-cadmium Battery:

Nickel-cadmium battery is a type of rechargeable battery which finds its major application in the electric vehicles. It has a high energy density, low self-discharge rate and excellent electrochemical stability. These features make it suitable for use in batteries that are used in hybrid vehicles, traction batteries or power backup systems.

nickel-metal Hydride Battery:

Nickel-metal hydride (NiMH) battery is one of the most promising batteries for use in electric vehicles. It offers several advantages over conventional ones, such as high capacity and power density. The growing emphasis on reducing greenhouse gas emissions has been driving the demand for these batteries since they are considered eco-friendly in nature.

Application Insights:

Automotive enterprises were the largest application segment in 2017 and accounted for over 92% of the total market revenue. The segment will retain its dominant position throughout the forecast years due to high demand from automotive manufacturers for recycling of used electric vehicle batteries. Automotive enterprises are responsible for recycling, refurbishing or disposing off-spec batteries that do not meet performance standards.

The other application segment includes individual consumers disposing off-spec or unwanted EVBTRs through household collection systems, taking them to be recycled at a domestic level or sending them for reprocessing at an external level by authorized recyclers who have agreements with regional governments regarding disposal of waste from EVs/EVBs. Household battery take-back programs are expected to increase in countries like China and India where awareness about environmental protection is relatively higher as compared to western countries owing to which these regions will dominate overall market growth during the forecast period.

Regional Analysis:

Asia Pacific dominated the global market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing sales of electric vehicles and growing battery recycling activities. China, Japan, South Korea, Taiwan and India are some of the major countries that contribute significantly towards regional growth.

The European market also held a considerable share in terms of revenue generation in 2017 due to high demand for electric vehicles along with stringent government regulations regarding vehicular emissions coupled with rising environmental concerns among consumers. Germany is one of Europe’s leading producers of recycled batteries accounting for nearly 30% production across Europe as reported by EU-28 statistics released in 2018 which makes it one of the largest markets globally for battery recycling activities within Europe itself and globally as well in terms both primary and secondary end-use applications including automotive & defense sectors across all regions including North America and Asia Pacific etc.).

Growth Factors:

Increasing demand for electric vehicles: The global electric vehicle market is expected to grow at a CAGR of more than 20% during the forecast period. This will lead to an increase in the demand for electric vehicle batteries, which will in turn drive the growth of the battery recycling market.
Stringent environmental regulations: Governments across the globe are implementing stringent environmental regulations to reduce carbon emissions and promote sustainable development. This is driving the growth of the electric vehicle battery recycling market as it helps recyclers comply with these regulations.
Technological advancements: The battery recycling industry is witnessing rapid technological advancements, which are helping recyclers improve their processes and recycle more types of batteries. This is aiding in the growth of this market.


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Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Vehicle Battery Recycling Market Research Report
By Type
Nickel-cadmium Battery, nickel-metal Hydride Battery, lithium-ion Battery, lithium Polymer Battery, lead-acid Cell
By Application
Automotive Enterprises, Battery Enterprises, Other
By Companies
Umicore, Tesla, Nissan, Toyota, BMW, Honda, Li-Cycle, BYD, Ford, Hyundai/Kia
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
143
Number of Tables & Figures
101
Customization Available
Yes, the report can be customized as per your need.

Global Electric Vehicle Battery Recycling Market Report Segments:
The global Electric Vehicle Battery Recycling market is segmented on the basis of:
Types
Nickel-cadmium Battery, nickel-metal Hydride Battery, lithium-ion Battery, lithium Polymer Battery, lead-acid Cell
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive Enterprises, Battery Enterprises, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
Umicore
Tesla
Nissan
Toyota
BMW
Honda
Li-Cycle
BYD
Ford
Hyundai/Kia



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Highlights of The Electric Vehicle Battery Recycling Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Nickel-cadmium Battery
nickel-metal Hydride Battery
lithium-ion Battery
lithium Polymer Battery
lead-acid Cell
By Application:
Automotive Enterprises
Battery Enterprises
Other
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Electric Vehicle Battery Recycling Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
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Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
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8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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