Market Overview:
The global electric vehicle battery reuse and 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, rising concerns over environmental pollution, and growing initiatives by governments and regulatory bodies for promoting electric vehicles. The global electric vehicle battery reuse and recycling market is segmented on the basis of type into lithium-ion batteries, nickel-metal hydride batteries, lead-acid batteries, and other types. The lithium-ion battery segment is expected to hold the largest share in terms of revenue in 2018 owing to its high adoption in electric cars. However, the lead acid battery segment is projected to grow at a higher CAGR during the forecast period as it offers lower cost as compared with other types of batteries. On the basis of application, the global electric vehicle battery reuse and recycling market is divided into three segments: Electric Cars; Electric Buses; Energy Storage Systems (ESS). The Electric Cars segment accounted for majority share in terms of revenue in 2017 owing to high adoption rates across developed countries such as U.S., Germany Japan etc., followed by Electric Buses Segment .
Product Definition:
Electric Vehicle Battery Reuse and Recycling is the process of recovering usable materials from spent or damaged electric vehicle batteries. This can be done for both lead-acid and lithium-ion batteries. The recovered materials can then be used in new battery packs, reducing the need for new raw materials to be extracted from the earth.
Lithium-ion Batteries:
Lithium-ion batteries are commonly used in electric vehicles (EV) and portable electronic devices. They are also used for grid storage, off-grid applications such as solar power and wind turbine installations, along with other niche applications including forklifts & industrial automation equipment. The growing demand for EVs coupled with the rising need to reduce carbon emissions from conventional fuel sources is expected to drive the market growth over the forecast period.
Nickel-metal Hydride Batteries:
Nickel-metal hydride (NiMH) batteries are rechargeable batteries containing nickel and metal hydride. NiMH offers higher energy density as compared to conventional lithium-ion batteries, which makes it more efficient for applications such as power tools, portable devices, electric vehicles (EV), and others.
Application Insights:
The electric cars segment dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this segment can be attributed to various factors such as increasing production of passenger vehicles in China, Japan and South Korea, favorable government policies regarding adoption of electric vehicles in these countries, high demand for green transportation solutions by consumers across the globe.
The other application segment includes commercial and industrial applications. The growing usage of batteries in power banks has been a major factor driving the market for other applications. Portable devices like smartphones have been incorporating more lithium-ion battery packs owing to their lightweight properties that allow them to be carried easily and provide long hours of battery life on a single charge.
Regional Analysis:
The market in North America is expected to grow at a significant rate over the forecast period. The growth can be attributed to increasing electric vehicle adoption, rising environmental concerns and government initiatives for battery recycling. For instance, in April 2016, Environment Canada launched a national program called ecRecycle that promotes sustainable consumption and production of electronic products.
In Europe, governments across countries have taken several measures for recycling electric car batteries through collection programs or by providing financial incentives to buyers who bring their old cars back on roads after having replaced the battery with a new one from an EV manufacturer.
Growth Factors:
- Increasing demand for electric vehicles: The global electric vehicle market is expected to grow at a CAGR of more than 28% from 2016 to 2020, according to MarketsandMarkets. This would drive the demand for electric vehicle batteries, which in turn would boost the market for battery reuse and recycling.
- Stringent environmental regulations: Governments across the world are implementing stringent environmental regulations that call for increased recycling and reuse of materials such as batteries. This would create opportunities for the battery reuse and recycling market.
- Technological advancements: The development of new technologies that can help recycle or reuse batteries more efficiently is likely to spur growth in this market over the next few years. For instance, Tesla’s Gigafactory is aimed at producing high-quality lithium-ion cells and reducing their cost by 30%. Such technological advancements will provide a fillip to the battery reuse and recycling industry as a whole.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Vehicle Battery Reuse and Recycling Market Research Report
By Type
Lithium-ion Batteries, Nickel-metal Hydride Batteries, Lead-acid Batteries, Other
By Application
Electric Cars, Electric Buses, Energy Storage Systems, Other
By Companies
ACCUREC Recycling GmbH, American Manganese Inc., Battery Solutions, BMW AG, LI-CYCLE CORP., Renault S.A., The Eneris Group, Retriev Technologies, SITRASA, SNAM S.A.S., Tesla Inc., Toshiba Corporation, Umicore
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
207
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Electric Vehicle Battery Reuse and Recycling Market Report Segments:
The global Electric Vehicle Battery Reuse and Recycling market is segmented on the basis of:
Types
Lithium-ion Batteries, Nickel-metal Hydride Batteries, Lead-acid Batteries, Other
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
Electric Cars, Electric Buses, Energy Storage Systems, 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:
- ACCUREC Recycling GmbH
- American Manganese Inc.
- Battery Solutions
- BMW AG
- LI-CYCLE CORP.
- Renault S.A.
- The Eneris Group
- Retriev Technologies
- SITRASA
- SNAM S.A.S.
- Tesla Inc.
- Toshiba Corporation
- Umicore
Highlights of The Electric Vehicle Battery Reuse and 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:
- Lithium-ion Batteries
- Nickel-metal Hydride Batteries
- Lead-acid Batteries
- Other
- By Application:
- Electric Cars
- Electric Buses
- Energy Storage Systems
- 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 Reuse and 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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
Frequently Asked Questions?
Electric vehicle battery reuse and recycling is the process of recovering usable components from electric vehicle batteries. Recycling processes can break down lead, acid, and other toxic materials to create new batteries or other products.
Some of the major players in the electric vehicle battery reuse and recycling market are ACCUREC Recycling GmbH, American Manganese Inc., Battery Solutions, BMW AG, LI-CYCLE CORP., Renault S.A., The Eneris Group, Retriev Technologies, SITRASA, SNAM S.A.S., Tesla Inc., Toshiba Corporation, Umicore.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric Vehicle Battery Reuse and Recycling Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electric Vehicle Battery Reuse and Recycling Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric Vehicle Battery Reuse and Recycling Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electric Vehicle Battery Reuse and Recycling Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electric Vehicle Battery Reuse and Recycling Market Size & Forecast, 2018-2028
4.5.1 Electric Vehicle Battery Reuse and Recycling Market Size and Y-o-Y Growth
4.5.2 Electric Vehicle Battery Reuse and Recycling Market Absolute $ Opportunity
Chapter 5 Global Electric Vehicle Battery Reuse and Recycling Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Electric Vehicle Battery Reuse and Recycling Market Size Forecast by Type
5.2.1 Lithium-ion Batteries
5.2.2 Nickel-metal Hydride Batteries
5.2.3 Lead-acid Batteries
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Electric Vehicle Battery Reuse and Recycling Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Electric Vehicle Battery Reuse and Recycling Market Size Forecast by Applications
6.2.1 Electric Cars
6.2.2 Electric Buses
6.2.3 Energy Storage Systems
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Vehicle Battery Reuse and Recycling Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electric Vehicle Battery Reuse and Recycling Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Electric Vehicle Battery Reuse and Recycling Analysis and Forecast
9.1 Introduction
9.2 North America Electric Vehicle Battery Reuse and Recycling Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Electric Vehicle Battery Reuse and Recycling Market Size Forecast by Type
9.6.1 Lithium-ion Batteries
9.6.2 Nickel-metal Hydride Batteries
9.6.3 Lead-acid Batteries
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Electric Vehicle Battery Reuse and Recycling Market Size Forecast by Applications
9.10.1 Electric Cars
9.10.2 Electric Buses
9.10.3 Energy Storage Systems
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Electric Vehicle Battery Reuse and Recycling Analysis and Forecast
10.1 Introduction
10.2 Europe Electric Vehicle Battery Reuse and Recycling Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Electric Vehicle Battery Reuse and Recycling Market Size Forecast by Type
10.6.1 Lithium-ion Batteries
10.6.2 Nickel-metal Hydride Batteries
10.6.3 Lead-acid Batteries
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Electric Vehicle Battery Reuse and Recycling Market Size Forecast by Applications
10.10.1 Electric Cars
10.10.2 Electric Buses
10.10.3 Energy Storage Systems
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Electric Vehicle Battery Reuse and Recycling Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electric Vehicle Battery Reuse and Recycling Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Electric Vehicle Battery Reuse and Recycling Market Size Forecast by Type
11.6.1 Lithium-ion Batteries
11.6.2 Nickel-metal Hydride Batteries
11.6.3 Lead-acid Batteries
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Electric Vehicle Battery Reuse and Recycling Market Size Forecast by Applications
11.10.1 Electric Cars
11.10.2 Electric Buses
11.10.3 Energy Storage Systems
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Electric Vehicle Battery Reuse and Recycling Analysis and Forecast
12.1 Introduction
12.2 Latin America Electric Vehicle Battery Reuse and Recycling Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Electric Vehicle Battery Reuse and Recycling Market Size Forecast by Type
12.6.1 Lithium-ion Batteries
12.6.2 Nickel-metal Hydride Batteries
12.6.3 Lead-acid Batteries
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Electric Vehicle Battery Reuse and Recycling Market Size Forecast by Applications
12.10.1 Electric Cars
12.10.2 Electric Buses
12.10.3 Energy Storage Systems
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Electric Vehicle Battery Reuse and Recycling Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electric Vehicle Battery Reuse and Recycling Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Electric Vehicle Battery Reuse and Recycling Market Size Forecast by Type
13.6.1 Lithium-ion Batteries
13.6.2 Nickel-metal Hydride Batteries
13.6.3 Lead-acid Batteries
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Electric Vehicle Battery Reuse and Recycling Market Size Forecast by Applications
13.10.1 Electric Cars
13.10.2 Electric Buses
13.10.3 Energy Storage Systems
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electric Vehicle Battery Reuse and Recycling Market: Competitive Dashboard
14.2 Global Electric Vehicle Battery Reuse and Recycling Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ACCUREC Recycling GmbH
14.3.2 American Manganese Inc.
14.3.3 Battery Solutions
14.3.4 BMW AG
14.3.5 LI-CYCLE CORP.
14.3.6 Renault S.A.
14.3.7 The Eneris Group
14.3.8 Retriev Technologies
14.3.9 SITRASA
14.3.10 SNAM S.A.S.
14.3.11 Tesla Inc.
14.3.12 Toshiba Corporation
14.3.13 Umicore
