Latest Update 2020-2025 Lithium-ion Battery Recycling Market Growth Statistics and Comprehensive Analysis Alcon (Novartis AG), Alltion (Wuzhou) Co., Ltd.,Haag-Streit Surgical GmbH
The market for the lithium-ion battery recycling market is expected to grow at a CAGR of 26% during the forecast period of 2020- 2025.
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Among different types of battery recycling technology, the lithium-ion battery (LIB) recycling market is expected to dominate the global battery recycling market in the latter part of the forecast period, majorly due to the demand for lithium-ion batteries and its ability such as favorable capacity-to-weight ratio. Moreover, Rising concerns over battery waste disposal and stringent government policies clubbed with the increase in usage of lithium-ion battery due to the declining lithium-ion battery prices and growing adoption of electric vehicles, are likely to drive the lithium-ion battery recycling market during the forecast period. However, the raw materials for the manufacturing of lithium-ion batteries are available at a low cost, whereas a high cost is incurred in recycling. The high cost, along with the lack of a strong supply chain and low yield related to battery recycling, is likely to restrain the growth of the battery recycling market during the forecast period.
Market By Top Companies:
Alcon (Novartis AG), Alltion (Wuzhou) Co., Ltd., ARI Medical Technology Co., Ltd., Haag-Streit Surgical GmbH, Leica Microsystems (Danaher), Olympus Corporation, Seiler Instrument Inc., Takagi Seiko Co. Ltd, Topcon, Zeiss International
Industry Research Coverage
Increasing Demand In Power Industry
- The price of lithium-ion batteries has fallen steeply over the past 10 years. In 2018, the lithium-ion battery price was USD 176 per kWh. Lithium-ion battery prices are falling continuously, and the price decreased by 17.75% in 2018 compared to the price in 2017. The lithium-ion battery used in various application related to power sector such as ESS and other, which in turn likely to drive the market in power sector.
- The two principal reasons for the drastic cost decline are:
- The steady improvement of battery performance achieved through sustained R&D, aimed at improving battery materials, reducing the amount of non-active materials and the cost of materials, improving cell design and production yield, and increasing production speed.
- Increase in production volume for end user in power industry, particularly in China, which helped in achieving the economies of scale in lithium-ion battery manufacturing, and the large capacity additions, which increased the competition among manufacturers (further declining the prices, but at the expense of the profitability of the manufacturers).
- These trends result in sharp and sustained cost reduction which is expected to help cement lithium-ion as the battery chemistry of choice in all energy storage, power industry markets, including grid-scale, behind-the-meter storage, residential storage, and micro-grids.
- Furthermore, the decline in average lithium-ion battery prices is expected to continue and reach approximately USD 100/kWh by 2025, in turn, making it much more cost-competitive than other battery types. The trend is expected to result in an increased application of lithium-ion batteries in new and exciting markets, such as energy storage systems (ESS), paired with renewables, like solar, wind, or hydro, for both residential and commercial applications, during the forecast period..
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The lithium-ion battery recycling market is moderately fragmented due to few companies operating in the industry because of the complex technology. The key players in this market include Glencore, GS Yuasa Corporation, Li-Cycle Technology, Recupyl Sas,Umicore, Metal Conversion Technologies, and others..
Major points covered in this research are:-
-Lithium-ion Battery Recycling Market Overview, Segment by Type (Product Category), by Application, by Region (2020-2025), Competition by Manufacturers
-Global Market Size (Value) of Lithium-ion Battery Recycling (2020-2025)
-Global Lithium-ion Battery Recycling Capacity, Production, Revenue (Value), Supply (Production), Consumption, Export, Import by Region (2020-2025)
-Global Lithium-ion Battery Recycling Production, Revenue (Value), Price Trend by Type
-Global Lithium-ion Battery Recycling Market Analysis by Application
-Global Lithium-ion Battery Recycling Manufacturers Profiles/Analysis
-Lithium-ion Battery Recycling Manufacturing Cost Analysis
-Industrial Chain, Sourcing Strategy and Downstream Buyers
-Marketing Strategy Analysis, Distributors/Traders
-Market Effect Factors Analysis
-Global Lithium-ion Battery Recycling Market Forecast (2020-2025)
-Research Findings and Conclusion
Finally, this Lithium-ion Battery Recycling report covers the market scenario and its development prospects over the coming years. Report likewise manages the type analysis, contrasting it with the significant application, recent Lithium-ion Battery Recycling product development and gives an outline of the potential Global market.
Irfan Tamboli (Sales)
Phone: + 1704 266 3234
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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