Lithium Ion Battery Recycling Market is Estimated to Grow at a CAGR of 22.1% From 2019 to 2026, Says Accurize Market Research

Global Lithium-Ion Battery Recycling Market Report, published by Accurize Market Research, forecast that the global market is expected to grow at a CAGR of 22.1% from 2019 to 2026. China is the major player in the lithium ion battery market; while North America, Europe also accounts for the major share in global lithium ion battery market.

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Market Introduction and Market Dynamics

Recycling and reusing of batteries are called battery recycling. Due to its high energy density and low discharging capability, the battery of lithium-ion is on high demand The lithium ion battery mainly used in the various industries like marine, automotive and industrial power, and others. A sudden increase in the demand of electric automobile sector for the lithium battery is a major dominating factor in the global market. The raw material we used for an electric vehicle is the lithium ion battery thereby the growth in the electric vehicle automatically boost the market. Further, the research and development in the lithium ion battery recycling process boost the market in the estimated period. However, some of the disadvantages like overheating of lithium batteries pose threat to the industrial security along with the inadequate charging infrastructure and various options to lithium batteries in the market may hamper the market. In order to protect the environment & high compliance to the government regulations are seen in growing adoption of recycling program of such batteries.

Market Segmentation and Crisp Analysis

The global lithium ion recycling market is segmented into industry, technology, chemistry & geography. By technology, the market is divided into physical/mechanical processes, pyrometallurgical process, hydrometallurgical process, and others. By industry, the market is divided into marine, automotive & industrial power and others. By chemistry, the market is divided into lithium iron, lithium manganese, lithium –cobalt & others.

Regional Segmentation and Crisp Analysis

By geography, the market is distributed across the various geographical regions such as North America, Europe, Asia-Pacific, and the Rest of the World (RoW). The country-wise analysis has been also covered under the scope of the report. North America covers the U.S., Canada, and Mexico while Europe covers Germany, Italy, UK, & Rest of Europe. Japan, China, India, South Korea and Rest of Asia-Pacific have been analyzed under the Asia-Pacific market. Rest of the world includes Central & South America, the Middle East, and Africa.

Manufacturers Competitive Analysis

The top players operating in the market are frequently investing in research & development and are planning to increase their presence in the untapped emerging economies. Major companies operating in the global market are GEM, BYD Company Ltd., Samsung SDI Co., Ltd., Panasonic Corporation, Johnson Controls Inc., Retriev Technologies, Valence Technology, Inc., Duesenfeld, Brunp Recycling, Umicore and others.

Scope of the Report

The scope of the report covers in-depth analysis of the market in term of both qualitative and quantitative analysis across the segment as well as cross-sectional analysis of the segments including the geographies. Key companies operating in this market and their company profile along with the market share analysis and competitive scenario is also the part of the report. Furthermore, different industries clients’ information has been provided in the report which is very important for the manufactures. Manufacturers’ data including revenue, shipment, revenue share, shipment share & gross profit have been included to provide a better understanding of the market competitors.

Research Methodology

Destined by the dedicated team of analysts and experts, we are envisioned to provide you with our best to plan your next strategic across several industry verticals. AMR has developed advanced analyst tools and data models to enhance and augment the analysis process. Corresponding to markets, where there is momentous lack of information and estimates, AMR’s team of experts and analyst practice specific analyst tools and industry models to translate quantitative and qualitative industry indicators into exact industry estimates. These models also allow analysts to inspect the prospects and opportunities existing in the market to achieve the specific forecast of the market.

The Key Opinion Leaders (KOLs) of the respective industry are interviewed and their insights are matched with our findings and database we have and thus we validate our estimates, forecast and provide you with the analysis. We put together our effort and prepare an inclusive questionnaire depending on the title of the market we are tracking and extract the important information we require to validate our findings. Also, we have top five knowledge partners such as Bloomberg, S & P Global, and Dow Jones among others for ultimate data validation, prepared by our research team.

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