Press release
Electric Vehicle Battery Recycling Market is estimated to be US$ 1.93 Billion by 2022 with a CAGR of 31.8% during the forecast period 2032 With Top Most Key Players - Aqua Metals, Battery Solutions Inc., Call2Recycle, Enersys, Snam S.P.A., Accurec recycli
To know the upcoming trends and insights prevalent in this market, click the link below:
https://www.prophecymarketinsights.com/market_insight/Electric-Vehicle-Battery-Recycling-Market-4958
The report "Global Electric Vehicle Battery Recycling Market, By Chemistry (Lithium ion phosphates, Lithium metal phosphates, and Lithium manganese cobalt oxides), By Application (Electric Buses, Energy Storage Systems, Electric Cars and Others), By End-User (Industrial, Transportation, and Others) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032"
Key Highlights:
• In May 2022, Orano has developed its EV (electric vehicle) battery recycling project. Orano is leveraging adapting and know how in addressing battery recycling process to develop new innovative low-carbon process used for recovering and purifying valuable materials that are contained in used battery modules like nickel, cobalt, graphite, lithium and manganese for reuse in new components.
• In December 2021, MG Motor in India has successfully recycled its first EV (electric vehicle) battery. It has collaborated with Attero Recycling Technology to recycle and reuse lithium-ion batteries for its ZS electric vehicle model. Attero Recycling Technology has enabled extraction of 99% of metals from lithium-ion battery.
Analyst View:
Mining of metals is used in electric vehicle batteries. Mining of metals is an energy intensive process and emits sulfur oxide. Sulfur oxide can cause acid rain. To avoid this emission recycling of batteries has become important. Recycling of electric vehicle batteries will help in lowering harm to environment which is caused by mining. If batteries gets rot in landfill the chemicals may leak into ground causing water and soil pollution. Thus, to avoid it recycling is best way in protection of environment and energy saving. Research and development is highly recommend to reduce the high cost, extend shelf life of EV vehicle and address safety concerns regarding overheating of EV vehicle. However, rising automotive industries and increasing demand for EV (electric vehicles) due to rising price of fuels and new innovations has given positive impact on Electric Vehicle Battery Recycling market growth. As a result, market competition is intensifying, and both big international corporations and start-ups are vying to establish position in the market.
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on"Global Electric Vehicle Battery Recycling Market, By Chemistry (Lithium ion phosphates, Lithium metal phosphates, and Lithium manganese cobalt oxides), By Application (Electric Buses, Energy Storage Systems, Electric Cars and Others), By End-User (Industrial, Transportation, and Others) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032"
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https://www.prophecymarketinsights.com/market_insight/Insight/request-sample/4958
Segments Covered in the Report:
Global Electric Vehicle Battery Recycling Market, By Chemistry:
• Lithium ion phosphates
• Lithium metal phosphates
• Lithium manganese cobalt oxides
Global Electric Vehicle Battery Recycling Market, By Application:
• Electric Buses
• Energy Storage Systems
• Electric Cars
• Others
Global Electric Vehicle Battery Recycling, By End-User:
• Industrial
• Transportation
• Others
Key Market Insights from the report:
Global Electric Vehicle Battery Recycling Market accounted for US$ 1.93 billion in 2022 and is estimated to be US$ 30.5 billion by 2032 and is anticipated to register a CAGR of 31.8%. The Global Electric Vehicle Battery Recycling Market is segmented based on Chemistry, Application, End-User and Region.
• Based on Chemistry, Global Electric Vehicle Battery Recycling Market is segmented into Lithium ion phosphates, Lithium metal phosphates, and Lithium manganese cobalt oxides.
• Based on Application, Global Electric Vehicle Battery Recycling Market is segmented into Electric Buses, Energy Storage Systems, Electric Cars and others.
• Based on End-User, Global Electric Vehicle Battery Recycling Market is segmented into Industrial, Transportation, and others.
• By Region, the Global Electric Vehicle Battery Recycling Market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Competitive Landscape & their strategies of Global Electric Vehicle Battery Recycling Market:
The prominent players operating in the Global Electric Vehicle Battery Recycling Market includes, Aqua Metals, Battery Solutions Inc., Call2Recycle, Enersys, Snam S.P.A., Accurec recycling GmbH, American Manganese Inc., G&P Batteries, Li-Cycle Corp., Retriev Technologies, Umicore N.V., and others.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
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https://www.prophecymarketinsights.com/market_insight/Global-Digital-Business-Support-System-642
https://www.prophecymarketinsights.com/market_insight/Global-Datacenter-Deployment-Spending-Market-2693
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