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Electric Vehicles Battery Recycling Market is Expected to Grow to US$ 65.71 billion by 2032, Expanding at a 24.9 % CAGR

08-23-2024 11:08 AM CET | Logistics & Transport

Press release from: Polaris Market Research & Consulting

Electric Vehicles Battery Recycling Market

Electric Vehicles Battery Recycling Market

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.

๐“๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐€๐๐๐ซ๐ž๐ฌ๐ฌ๐ž๐ฌ:
โ€ข ๐“๐ก๐ž ๐ž๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ ๐ฏ๐ž๐ก๐ข๐œ๐ฅ๐ž๐ฌ ๐›๐š๐ญ๐ญ๐ž๐ซ๐ฒ ๐ซ๐ž๐œ๐ฒ๐œ๐ฅ๐ข๐ง๐  ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ฌ๐ข๐ณ๐ž ๐ฐ๐š๐ฌ ๐ฏ๐š๐ฅ๐ฎ๐ž๐ ๐š๐ญ ๐”๐’๐ƒ 8.89 ๐›๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ข๐ง 2023 ๐š๐ง๐ ๐ข๐ฌ ๐ž๐ฑ๐ฉ๐ž๐œ๐ญ๐ž๐ ๐ญ๐จ ๐ ๐ซ๐จ๐ฐ ๐ญ๐จ ๐”๐’๐ƒ 65.71 ๐›๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐›๐ฒ 2032.

โ€ข ๐“๐ก๐ž ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ข๐ฌ ๐š๐ง๐ญ๐ข๐œ๐ข๐ฉ๐š๐ญ๐ž๐ ๐ญ๐จ ๐ž๐ฑ๐ก๐ข๐›๐ข๐ญ ๐š ๐‚๐€๐†๐‘ ๐จ๐Ÿ 24.9% ๐๐ฎ๐ซ๐ข๐ง๐  ๐ญ๐ก๐ž ๐Ÿ๐จ๐ซ๐ž๐œ๐š๐ฌ๐ญ ๐ฉ๐ž๐ซ๐ข๐จ๐.

โ€ข The market analysis is primarily segmented based on source, process, battery type, and region.

โ€ข The Europe electric vehicles battery recycling market is driven by strong government laws requiring safe EV battery disposal and recycling.

๐†๐ž๐ญ ๐„๐ฑ๐œ๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐š๐ ๐ž๐ฌ ๐จ๐Ÿ ๐“๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ https://www.polarismarketresearch.com/industry-analysis/electric-vehicles-battery-recycling-market/request-for-sample

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:
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.

๐Œ๐š๐ฃ๐จ๐ซ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ:
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:
โ€ข Accurec Recycling GmbH
โ€ข Battery Solutions, LLC
โ€ข Ecobat
โ€ข Exide Technologies
โ€ข Fortum
โ€ข G&P Batteries Ltd.
โ€ข Li-Cycle Corp.
โ€ข Neometals Ltd.
โ€ข RecycLiCo Battery Materials
โ€ข Redwood Materials
โ€ข Retriev Technologies Inc.
โ€ข SITRASA
โ€ข Tata Chemicals Limited
โ€ข Total Environmental Solutions
โ€ข Umicore N.V.

๐๐ฎ๐ฒ ๐๐จ๐ฐ ๐“๐ก๐ข๐ฌ ๐๐ซ๐ž๐ฆ๐ข๐ฎ๐ฆ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ: https://www.polarismarketresearch.com/buy/3799/2

๐„๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ ๐•๐ž๐ก๐ข๐œ๐ฅ๐ž๐ฌ ๐๐š๐ญ๐ญ๐ž๐ซ๐ฒ ๐‘๐ž๐œ๐ฒ๐œ๐ฅ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐‡๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ:
โ€ข In 2023, the passenger vehicles segment held significant revenue share owing to rapid growth in electric vehicle adoption, battery replacement cycles, and consumer awareness.

โ€ข Hydrometallurgy offers advantages such as efficiency, selective extraction, reduced emissions, and scalability.

โ€ข In 2023, the lithium-ion batteries segment held significant revenue share owing to high energy density, longevity and durability, and dominance in electric vehicles.

โ€ข In 2023, Asia-Pacific region accounted for a significant market share due to high electric vehicle adoption, growing environmental awareness, and government support.

๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ:
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.

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐“๐ก๐ž ๐‚๐จ๐ฆ๐ฉ๐ฅ๐ž๐ญ๐ž ๐‚๐จ๐ฆ๐ฉ๐ซ๐ž๐ก๐ž๐ง๐ฌ๐ข๐ฏ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐‡๐ž๐ซ๐ž: https://www.polarismarketresearch.com/industry-analysis/electric-vehicles-battery-recycling-market

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:
โ€ข ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ ๐•๐ž๐ก๐ข๐œ๐ฅ๐ž๐ฌ ๐๐š๐ญ๐ญ๐ž๐ซ๐ฒ ๐‘๐ž๐œ๐ฒ๐œ๐ฅ๐ข๐ง๐ , ๐’๐จ๐ฎ๐ซ๐œ๐ž ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จk
o Passenger Vehicles
o Commercial Vehicles
o E-bikes

โ€ข ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ ๐•๐ž๐ก๐ข๐œ๐ฅ๐ž๐ฌ ๐๐š๐ญ๐ญ๐ž๐ซ๐ฒ ๐‘๐ž๐œ๐ฒ๐œ๐ฅ๐ข๐ง๐ , ๐๐ซ๐จ๐œ๐ž๐ฌ๐ฌ ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค
o Physical Process
o Pyrometallurgy
o Hydrometallurgy
o Others

โ€ข ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ ๐•๐ž๐ก๐ข๐œ๐ฅ๐ž๐ฌ ๐๐š๐ญ๐ญ๐ž๐ซ๐ฒ ๐‘๐ž๐œ๐ฒ๐œ๐ฅ๐ข๐ง๐ , ๐๐š๐ญ๐ญ๐ž๐ซ๐ฒ ๐“๐ฒ๐ฉ๐ž ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค
o Lithium-ion (Li-ion) Batteries
o Nickel-Metal Hydride (NiMH) Batteries
o Others

๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
โ€ข North America (U.S., Canada)
โ€ข Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
โ€ข Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
โ€ข Latin America (Brazil, Mexico, Argentina)
โ€ข Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

๐Œ๐จ๐ซ๐ž ๐“๐ซ๐ž๐ง๐๐ข๐ง๐  ๐‹๐š๐ญ๐ž๐ฌ๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐๐จ๐ฅ๐š๐ซ๐ข๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:
๐„๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ ๐‚๐จ๐ฆ๐ฆ๐ž๐ซ๐œ๐ข๐š๐ฅ ๐•๐ž๐ก๐ข๐œ๐ฅ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ: https://www.polarismarketresearch.com/industry-analysis/electric-commercial-vehicle-market
๐‡๐ฒ๐ฉ๐ž๐ซ๐œ๐ก๐š๐ซ๐ ๐ž๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ: https://www.polarismarketresearch.com/industry-analysis/hypercharger-market
๐„๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ ๐“๐ซ๐š๐œ๐ญ๐จ๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ: https://www.polarismarketresearch.com/industry-analysis/electric-tractor-market
๐„๐• ๐‚๐จ๐ง๐ง๐ž๐œ๐ญ๐จ๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ: https://www.polarismarketresearch.com/industry-analysis/ev-connector-market

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐ฌ :
Polaris Market Research
Phone: +1-929-297-9727
Email: sales@polarismarketresearch.com

๐€๐›๐จ๐ฎ๐ญ ๐๐จ๐ฅ๐š๐ซ๐ข๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก :
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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