Press release
Electric Vehicles Battery Recycling Market is Expected to Grow to US$ 65.71 billion by 2032, Expanding at a 24.9 % CAGR
The global adoption of electric vehicles (EVs) is driving the growth of the EV battery recycling industry. According to the source analysis, the passenger vehicle category will account for a substantial portion of revenue. In 2023, Asia Pacific had a considerable market share.๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐๐ซ๐๐ฌ๐ฌ๐๐ฌ:
โข ๐๐ก๐ ๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐ฏ๐๐ก๐ข๐๐ฅ๐๐ฌ ๐๐๐ญ๐ญ๐๐ซ๐ฒ ๐ซ๐๐๐ฒ๐๐ฅ๐ข๐ง๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ฌ๐ข๐ณ๐ ๐ฐ๐๐ฌ ๐ฏ๐๐ฅ๐ฎ๐๐ ๐๐ญ ๐๐๐ 8.89 ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ข๐ง 2023 ๐๐ง๐ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐ ๐ซ๐จ๐ฐ ๐ญ๐จ ๐๐๐ 65.71 ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐๐ฒ 2032.
โข ๐๐ก๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ข๐ฌ ๐๐ง๐ญ๐ข๐๐ข๐ฉ๐๐ญ๐๐ ๐ญ๐จ ๐๐ฑ๐ก๐ข๐๐ข๐ญ ๐ ๐๐๐๐ ๐จ๐ 24.9% ๐๐ฎ๐ซ๐ข๐ง๐ ๐ญ๐ก๐ ๐๐จ๐ซ๐๐๐๐ฌ๐ญ ๐ฉ๐๐ซ๐ข๐จ๐.
โข The market analysis is primarily segmented based on source, process, battery type, and region.
โข The Europe electric vehicles battery recycling market is driven by strong government laws requiring safe EV battery disposal and recycling.
๐๐๐ญ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ https://www.polarismarketresearch.com/industry-analysis/electric-vehicles-battery-recycling-market/request-for-sample
๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
Batteries have been used as a backup power source ever since the first automobile was invented. Traction batteries sometimes referred to as electric vehicle batteries, power the propulsion of battery-electric vehicles on the market. A secondary rechargeable battery is utilized in electric vehicles. It is propelled by chemical energy stored in rechargeable battery packs, negating the need for a combustion engine. These batteries are replaced with new ones when they reach their "end of life." To make the most use of the finite supply of metal resources, the important components within these batteries can be removed and recycled when their useful lives are over.
๐๐๐ฃ๐จ๐ซ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
There are many different companies in the electric vehicle battery recycling business, and competition is likely to get more intense as more competitors enter the market. The report has covered the major players operating in the electric vehicle's battery recycling market:
โข Accurec Recycling GmbH
โข Battery Solutions, LLC
โข Ecobat
โข Exide Technologies
โข Fortum
โข G&P Batteries Ltd.
โข Li-Cycle Corp.
โข Neometals Ltd.
โข RecycLiCo Battery Materials
โข Redwood Materials
โข Retriev Technologies Inc.
โข SITRASA
โข Tata Chemicals Limited
โข Total Environmental Solutions
โข Umicore N.V.
๐๐ฎ๐ฒ ๐๐จ๐ฐ ๐๐ก๐ข๐ฌ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ: https://www.polarismarketresearch.com/buy/3799/2
๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐๐ก๐ข๐๐ฅ๐๐ฌ ๐๐๐ญ๐ญ๐๐ซ๐ฒ ๐๐๐๐ฒ๐๐ฅ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ:
โข In 2023, the passenger vehicles segment held significant revenue share owing to rapid growth in electric vehicle adoption, battery replacement cycles, and consumer awareness.
โข Hydrometallurgy offers advantages such as efficiency, selective extraction, reduced emissions, and scalability.
โข In 2023, the lithium-ion batteries segment held significant revenue share owing to high energy density, longevity and durability, and dominance in electric vehicles.
โข In 2023, Asia-Pacific region accounted for a significant market share due to high electric vehicle adoption, growing environmental awareness, and government support.
๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ:
Environmental rules and environmental goals are driving the expansion of the electric car battery recycling market. Governments around the world are tightening emissions limits and setting ambitious sustainability goals, which is driving up demand for environmentally friendly transportation options such as electric cars.
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐ก๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐จ๐ฆ๐ฉ๐ซ๐๐ก๐๐ง๐ฌ๐ข๐ฏ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ซ๐: https://www.polarismarketresearch.com/industry-analysis/electric-vehicles-battery-recycling-market
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
โข ๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐๐ก๐ข๐๐ฅ๐๐ฌ ๐๐๐ญ๐ญ๐๐ซ๐ฒ ๐๐๐๐ฒ๐๐ฅ๐ข๐ง๐ , ๐๐จ๐ฎ๐ซ๐๐ ๐๐ฎ๐ญ๐ฅ๐จ๐จk
o Passenger Vehicles
o Commercial Vehicles
o E-bikes
โข ๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐๐ก๐ข๐๐ฅ๐๐ฌ ๐๐๐ญ๐ญ๐๐ซ๐ฒ ๐๐๐๐ฒ๐๐ฅ๐ข๐ง๐ , ๐๐ซ๐จ๐๐๐ฌ๐ฌ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค
o Physical Process
o Pyrometallurgy
o Hydrometallurgy
o Others
โข ๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐๐ก๐ข๐๐ฅ๐๐ฌ ๐๐๐ญ๐ญ๐๐ซ๐ฒ ๐๐๐๐ฒ๐๐ฅ๐ข๐ง๐ , ๐๐๐ญ๐ญ๐๐ซ๐ฒ ๐๐ฒ๐ฉ๐ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค
o Lithium-ion (Li-ion) Batteries
o Nickel-Metal Hydride (NiMH) Batteries
o Others
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
โข North America (U.S., Canada)
โข Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
โข Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
โข Latin America (Brazil, Mexico, Argentina)
โข Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
๐๐จ๐ซ๐ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ญ๐๐ฌ๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐จ๐ฆ๐ฆ๐๐ซ๐๐ข๐๐ฅ ๐๐๐ก๐ข๐๐ฅ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ: https://www.polarismarketresearch.com/industry-analysis/electric-commercial-vehicle-market
๐๐ฒ๐ฉ๐๐ซ๐๐ก๐๐ซ๐ ๐๐ซ ๐๐๐ซ๐ค๐๐ญ: https://www.polarismarketresearch.com/industry-analysis/hypercharger-market
๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐ซ๐๐๐ญ๐จ๐ซ ๐๐๐ซ๐ค๐๐ญ: https://www.polarismarketresearch.com/industry-analysis/electric-tractor-market
๐๐ ๐๐จ๐ง๐ง๐๐๐ญ๐จ๐ซ ๐๐๐ซ๐ค๐๐ญ: https://www.polarismarketresearch.com/industry-analysis/ev-connector-market
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ :
Polaris Market Research
Phone: +1-929-297-9727
Email: sales@polarismarketresearch.com
๐๐๐จ๐ฎ๐ญ ๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก :
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.
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