Global EV Battery Recycling Market Overview
The EV Battery Recycling Market is expected to grow at a significant growth rate over the analysis period 2022-2028, considering base year as 2021.
With the advent of the first vehicle, batteries became a supplementary power source. Battery electric cars on the market are propelled by an electric vehicle battery, often known as a traction battery. A secondary (rechargeable) battery is used in electric vehicles. It doesn't need a combustion engine to move since it uses chemical energy that is stored in rechargeable battery packs. When a battery reaches its "end of life," a new one is installed in its place. To make the most use of limited metal resources, the precious components contained inside each of these batteries may be collected and recycled as they reach the end of their useful lives. When these batteries approach the end of their useful lives, several metals like aluminum, cobalt, nickel, lithium, and others can be recovered. The market is anticipated to increase as a result of factors such as the rising demand for zero-emission cars, the tightening supply of some battery pack materials, and the expanding use of recycled items. Additionally, improved regulatory frameworks for electric cars in emerging nations will promote the growth of the EV Battery Recycling Market.
Market Dynamics And Factors For EV Battery Recycling Market
Drivers:
- Demand for Sustainable EV Battery Disposal
Restraints:
- Strict Government Regulation on The Disposal of Battery Waste Material
Opportunities:
- Innovating Methods to Disassemble the Batteries
Challenges:
- High Capex of Recycling Plat Setup
COVID-19 Impact Analysis on EV Battery Recycling Market
Due to production line closures caused by the COVID-19 epidemic, the worldwide market for electric car batteries has suffered. Due to severe travel and transit constraints, as well as the closure of businesses and industries during this epidemic, there was a decrease in the demand for electric cars. Working recycling facilities were off-limits to employees due to lockdown and movement restrictions. Large enterprises had to close due to a manpower shortage, and COVID forced all workers to return to their home countries. Economic uncertainty and a decline in consumer expenditure will probably have an impact on the market expansion. Thus, Covid-19 has a detrimental influence on the market for recycling electric car batteries.
Top Key Players Involved Are:
- Snam S.P.A.
- Retriev Technologies
- Australian Battery Recycling Initiatives
- Umicore N.V.
- Li-Cycle Corp.
- American Manganese Inc.
- Accurec Recycling GmbH
- G&P Batteries
- Recupyl and other major players.
Key Industry Developments In the EV Battery Recycling Market
- May 2022, in Norway, Hydrovolt, a joint venture between Northvolt and Hydro for battery recycling, has begun conducting commercial recycling operations at its facility in Fredrikstad.
Global EV Battery Recycling Market |
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Base Year: |
2021 |
Forecast Period: |
2022-2028 |
Historical Data: |
2016 to 2020 |
Market Size in 2021: |
USD XX Mn. |
Forecast Period 2022-28 CAGR: |
XX% |
Market Size in 2028: |
USD XX Mn. |
Segments Covered: |
By Type |
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By Process |
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By Vehicle Type |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Type
3.2 By Process
3.3 By Vehicle Type
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: EV Battery Recycling Market by Type
5.1 EV Battery Recycling Market Overview Snapshot and Growth Engine
5.2 EV Battery Recycling Market Overview
5.3 Lithium-ion
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2016-2028F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Lithium-ion: Grographic Segmentation
5.4 Lead-acid
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2016-2028F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Lead-acid: Grographic Segmentation
5.5 Others
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size (2016-2028F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Others: Grographic Segmentation
Chapter 6: EV Battery Recycling Market by Process
6.1 EV Battery Recycling Market Overview Snapshot and Growth Engine
6.2 EV Battery Recycling Market Overview
6.3 Hydrometallurgical
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size (2016-2028F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Hydrometallurgical: Grographic Segmentation
6.4 Pyro-metallurgical
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size (2016-2028F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Pyro-metallurgical: Grographic Segmentation
6.5 Others
6.5.1 Introduction and Market Overview
6.5.2 Historic and Forecasted Market Size (2016-2028F)
6.5.3 Key Market Trends, Growth Factors and Opportunities
6.5.4 Others: Grographic Segmentation
Chapter 7: EV Battery Recycling Market by Vehicle Type
7.1 EV Battery Recycling Market Overview Snapshot and Growth Engine
7.2 EV Battery Recycling Market Overview
7.3 Passenger Cars
7.3.1 Introduction and Market Overview
7.3.2 Historic and Forecasted Market Size (2016-2028F)
7.3.3 Key Market Trends, Growth Factors and Opportunities
7.3.4 Passenger Cars: Grographic Segmentation
7.4 Commercial Vehicles
7.4.1 Introduction and Market Overview
7.4.2 Historic and Forecasted Market Size (2016-2028F)
7.4.3 Key Market Trends, Growth Factors and Opportunities
7.4.4 Commercial Vehicles: Grographic Segmentation
Chapter 8: Company Profiles and Competitive Analysis
8.1 Competitive Landscape
8.1.1 Competitive Positioning
8.1.2 EV Battery Recycling Sales and Market Share By Players
8.1.3 Industry BCG Matrix
8.1.4 Ansoff Matrix
8.1.5 EV Battery Recycling Industry Concentration Ratio (CR5 and HHI)
8.1.6 Top 5 EV Battery Recycling Players Market Share
8.1.7 Mergers and Acquisitions
8.1.8 Business Strategies By Top Players
8.2 SNAM S.P.A.
8.2.1 Company Overview
8.2.2 Key Executives
8.2.3 Company Snapshot
8.2.4 Operating Business Segments
8.2.5 Product Portfolio
8.2.6 Business Performance
8.2.7 Key Strategic Moves and Recent Developments
8.2.8 SWOT Analysis
8.3 RETRIEV TECHNOLOGIES
8.4 AUSTRALIAN BATTERY RECYCLING INITIATIVES
8.5 UMICORE N.V.
8.6 LI-CYCLE CORP.
8.7 AMERICAN MANGANESE INC.
8.8 ACCUREC RECYCLING GMBH
8.9 G&P BATTERIES
8.10 RECUPYL
8.11 BATTERY SOLUTIONS
8.12 OTHER MAJOR PLAYERS
Chapter 9: Global EV Battery Recycling Market Analysis, Insights and Forecast, 2016-2028
9.1 Market Overview
9.2 Historic and Forecasted Market Size By Type
9.2.1 Lithium-ion
9.2.2 Lead-acid
9.2.3 Others
9.3 Historic and Forecasted Market Size By Process
9.3.1 Hydrometallurgical
9.3.2 Pyro-metallurgical
9.3.3 Others
9.4 Historic and Forecasted Market Size By Vehicle Type
9.4.1 Passenger Cars
9.4.2 Commercial Vehicles
Chapter 10: North America EV Battery Recycling Market Analysis, Insights and Forecast, 2016-2028
10.1 Key Market Trends, Growth Factors and Opportunities
10.2 Impact of Covid-19
10.3 Key Players
10.4 Key Market Trends, Growth Factors and Opportunities
10.4 Historic and Forecasted Market Size By Type
10.4.1 Lithium-ion
10.4.2 Lead-acid
10.4.3 Others
10.5 Historic and Forecasted Market Size By Process
10.5.1 Hydrometallurgical
10.5.2 Pyro-metallurgical
10.5.3 Others
10.6 Historic and Forecasted Market Size By Vehicle Type
10.6.1 Passenger Cars
10.6.2 Commercial Vehicles
10.7 Historic and Forecast Market Size by Country
10.7.1 U.S.
10.7.2 Canada
10.7.3 Mexico
Chapter 11: Europe EV Battery Recycling Market Analysis, Insights and Forecast, 2016-2028
11.1 Key Market Trends, Growth Factors and Opportunities
11.2 Impact of Covid-19
11.3 Key Players
11.4 Key Market Trends, Growth Factors and Opportunities
11.4 Historic and Forecasted Market Size By Type
11.4.1 Lithium-ion
11.4.2 Lead-acid
11.4.3 Others
11.5 Historic and Forecasted Market Size By Process
11.5.1 Hydrometallurgical
11.5.2 Pyro-metallurgical
11.5.3 Others
11.6 Historic and Forecasted Market Size By Vehicle Type
11.6.1 Passenger Cars
11.6.2 Commercial Vehicles
11.7 Historic and Forecast Market Size by Country
11.7.1 Germany
11.7.2 U.K.
11.7.3 France
11.7.4 Italy
11.7.5 Russia
11.7.6 Spain
11.7.7 Rest of Europe
Chapter 12: Asia-Pacific EV Battery Recycling Market Analysis, Insights and Forecast, 2016-2028
12.1 Key Market Trends, Growth Factors and Opportunities
12.2 Impact of Covid-19
12.3 Key Players
12.4 Key Market Trends, Growth Factors and Opportunities
12.4 Historic and Forecasted Market Size By Type
12.4.1 Lithium-ion
12.4.2 Lead-acid
12.4.3 Others
12.5 Historic and Forecasted Market Size By Process
12.5.1 Hydrometallurgical
12.5.2 Pyro-metallurgical
12.5.3 Others
12.6 Historic and Forecasted Market Size By Vehicle Type
12.6.1 Passenger Cars
12.6.2 Commercial Vehicles
12.7 Historic and Forecast Market Size by Country
12.7.1 China
12.7.2 India
12.7.3 Japan
12.7.4 Singapore
12.7.5 Australia
12.7.6 New Zealand
12.7.7 Rest of APAC
Chapter 13: Middle East & Africa EV Battery Recycling Market Analysis, Insights and Forecast, 2016-2028
13.1 Key Market Trends, Growth Factors and Opportunities
13.2 Impact of Covid-19
13.3 Key Players
13.4 Key Market Trends, Growth Factors and Opportunities
13.4 Historic and Forecasted Market Size By Type
13.4.1 Lithium-ion
13.4.2 Lead-acid
13.4.3 Others
13.5 Historic and Forecasted Market Size By Process
13.5.1 Hydrometallurgical
13.5.2 Pyro-metallurgical
13.5.3 Others
13.6 Historic and Forecasted Market Size By Vehicle Type
13.6.1 Passenger Cars
13.6.2 Commercial Vehicles
13.7 Historic and Forecast Market Size by Country
13.7.1 Turkey
13.7.2 Saudi Arabia
13.7.3 Iran
13.7.4 UAE
13.7.5 Africa
13.7.6 Rest of MEA
Chapter 14: South America EV Battery Recycling Market Analysis, Insights and Forecast, 2016-2028
14.1 Key Market Trends, Growth Factors and Opportunities
14.2 Impact of Covid-19
14.3 Key Players
14.4 Key Market Trends, Growth Factors and Opportunities
14.4 Historic and Forecasted Market Size By Type
14.4.1 Lithium-ion
14.4.2 Lead-acid
14.4.3 Others
14.5 Historic and Forecasted Market Size By Process
14.5.1 Hydrometallurgical
14.5.2 Pyro-metallurgical
14.5.3 Others
14.6 Historic and Forecasted Market Size By Vehicle Type
14.6.1 Passenger Cars
14.6.2 Commercial Vehicles
14.7 Historic and Forecast Market Size by Country
14.7.1 Brazil
14.7.2 Argentina
14.7.3 Rest of SA
Chapter 15 Investment Analysis
Chapter 16 Analyst Viewpoint and Conclusion
Global EV Battery Recycling Market |
|||
Base Year: |
2021 |
Forecast Period: |
2022-2028 |
Historical Data: |
2016 to 2020 |
Market Size in 2021: |
USD XX Mn. |
Forecast Period 2022-28 CAGR: |
XX% |
Market Size in 2028: |
USD XX Mn. |
Segments Covered: |
By Type |
|
|
By Process |
|
||
By Vehicle Type |
|
||
By Region |
|
||
Key Market Drivers: |
|
||
Key Market Restraints: |
|
||
Key Opportunities: |
|
||
Companies Covered in the report: |
|
LIST OF TABLES
TABLE 001. EXECUTIVE SUMMARY
TABLE 002. EV BATTERY RECYCLING MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. EV BATTERY RECYCLING MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. EV BATTERY RECYCLING MARKET COMPETITIVE RIVALRY
TABLE 005. EV BATTERY RECYCLING MARKET THREAT OF NEW ENTRANTS
TABLE 006. EV BATTERY RECYCLING MARKET THREAT OF SUBSTITUTES
TABLE 007. EV BATTERY RECYCLING MARKET BY TYPE
TABLE 008. LITHIUM-ION MARKET OVERVIEW (2016-2028)
TABLE 009. LEAD-ACID MARKET OVERVIEW (2016-2028)
TABLE 010. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 011. EV BATTERY RECYCLING MARKET BY PROCESS
TABLE 012. HYDROMETALLURGICAL MARKET OVERVIEW (2016-2028)
TABLE 013. PYRO-METALLURGICAL MARKET OVERVIEW (2016-2028)
TABLE 014. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 015. EV BATTERY RECYCLING MARKET BY VEHICLE TYPE
TABLE 016. PASSENGER CARS MARKET OVERVIEW (2016-2028)
TABLE 017. COMMERCIAL VEHICLES MARKET OVERVIEW (2016-2028)
TABLE 018. NORTH AMERICA EV BATTERY RECYCLING MARKET, BY TYPE (2016-2028)
TABLE 019. NORTH AMERICA EV BATTERY RECYCLING MARKET, BY PROCESS (2016-2028)
TABLE 020. NORTH AMERICA EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 021. N EV BATTERY RECYCLING MARKET, BY COUNTRY (2016-2028)
TABLE 022. EUROPE EV BATTERY RECYCLING MARKET, BY TYPE (2016-2028)
TABLE 023. EUROPE EV BATTERY RECYCLING MARKET, BY PROCESS (2016-2028)
TABLE 024. EUROPE EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 025. EV BATTERY RECYCLING MARKET, BY COUNTRY (2016-2028)
TABLE 026. ASIA PACIFIC EV BATTERY RECYCLING MARKET, BY TYPE (2016-2028)
TABLE 027. ASIA PACIFIC EV BATTERY RECYCLING MARKET, BY PROCESS (2016-2028)
TABLE 028. ASIA PACIFIC EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 029. EV BATTERY RECYCLING MARKET, BY COUNTRY (2016-2028)
TABLE 030. MIDDLE EAST & AFRICA EV BATTERY RECYCLING MARKET, BY TYPE (2016-2028)
TABLE 031. MIDDLE EAST & AFRICA EV BATTERY RECYCLING MARKET, BY PROCESS (2016-2028)
TABLE 032. MIDDLE EAST & AFRICA EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 033. EV BATTERY RECYCLING MARKET, BY COUNTRY (2016-2028)
TABLE 034. SOUTH AMERICA EV BATTERY RECYCLING MARKET, BY TYPE (2016-2028)
TABLE 035. SOUTH AMERICA EV BATTERY RECYCLING MARKET, BY PROCESS (2016-2028)
TABLE 036. SOUTH AMERICA EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 037. EV BATTERY RECYCLING MARKET, BY COUNTRY (2016-2028)
TABLE 038. SNAM S.P.A.: SNAPSHOT
TABLE 039. SNAM S.P.A.: BUSINESS PERFORMANCE
TABLE 040. SNAM S.P.A.: PRODUCT PORTFOLIO
TABLE 041. SNAM S.P.A.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 041. RETRIEV TECHNOLOGIES: SNAPSHOT
TABLE 042. RETRIEV TECHNOLOGIES: BUSINESS PERFORMANCE
TABLE 043. RETRIEV TECHNOLOGIES: PRODUCT PORTFOLIO
TABLE 044. RETRIEV TECHNOLOGIES: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 044. AUSTRALIAN BATTERY RECYCLING INITIATIVES: SNAPSHOT
TABLE 045. AUSTRALIAN BATTERY RECYCLING INITIATIVES: BUSINESS PERFORMANCE
TABLE 046. AUSTRALIAN BATTERY RECYCLING INITIATIVES: PRODUCT PORTFOLIO
TABLE 047. AUSTRALIAN BATTERY RECYCLING INITIATIVES: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 047. UMICORE N.V.: SNAPSHOT
TABLE 048. UMICORE N.V.: BUSINESS PERFORMANCE
TABLE 049. UMICORE N.V.: PRODUCT PORTFOLIO
TABLE 050. UMICORE N.V.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 050. LI-CYCLE CORP.: SNAPSHOT
TABLE 051. LI-CYCLE CORP.: BUSINESS PERFORMANCE
TABLE 052. LI-CYCLE CORP.: PRODUCT PORTFOLIO
TABLE 053. LI-CYCLE CORP.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 053. AMERICAN MANGANESE INC.: SNAPSHOT
TABLE 054. AMERICAN MANGANESE INC.: BUSINESS PERFORMANCE
TABLE 055. AMERICAN MANGANESE INC.: PRODUCT PORTFOLIO
TABLE 056. AMERICAN MANGANESE INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 056. ACCUREC RECYCLING GMBH: SNAPSHOT
TABLE 057. ACCUREC RECYCLING GMBH: BUSINESS PERFORMANCE
TABLE 058. ACCUREC RECYCLING GMBH: PRODUCT PORTFOLIO
TABLE 059. ACCUREC RECYCLING GMBH: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 059. G&P BATTERIES: SNAPSHOT
TABLE 060. G&P BATTERIES: BUSINESS PERFORMANCE
TABLE 061. G&P BATTERIES: PRODUCT PORTFOLIO
TABLE 062. G&P BATTERIES: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 062. RECUPYL: SNAPSHOT
TABLE 063. RECUPYL: BUSINESS PERFORMANCE
TABLE 064. RECUPYL: PRODUCT PORTFOLIO
TABLE 065. RECUPYL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 065. BATTERY SOLUTIONS: SNAPSHOT
TABLE 066. BATTERY SOLUTIONS: BUSINESS PERFORMANCE
TABLE 067. BATTERY SOLUTIONS: PRODUCT PORTFOLIO
TABLE 068. BATTERY SOLUTIONS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 068. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 069. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 070. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 071. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS
LIST OF FIGURES
FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. EV BATTERY RECYCLING MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. EV BATTERY RECYCLING MARKET OVERVIEW BY TYPE
FIGURE 012. LITHIUM-ION MARKET OVERVIEW (2016-2028)
FIGURE 013. LEAD-ACID MARKET OVERVIEW (2016-2028)
FIGURE 014. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 015. EV BATTERY RECYCLING MARKET OVERVIEW BY PROCESS
FIGURE 016. HYDROMETALLURGICAL MARKET OVERVIEW (2016-2028)
FIGURE 017. PYRO-METALLURGICAL MARKET OVERVIEW (2016-2028)
FIGURE 018. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 019. EV BATTERY RECYCLING MARKET OVERVIEW BY VEHICLE TYPE
FIGURE 020. PASSENGER CARS MARKET OVERVIEW (2016-2028)
FIGURE 021. COMMERCIAL VEHICLES MARKET OVERVIEW (2016-2028)
FIGURE 022. NORTH AMERICA EV BATTERY RECYCLING MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 023. EUROPE EV BATTERY RECYCLING MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 024. ASIA PACIFIC EV BATTERY RECYCLING MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 025. MIDDLE EAST & AFRICA EV BATTERY RECYCLING MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 026. SOUTH AMERICA EV BATTERY RECYCLING MARKET OVERVIEW BY COUNTRY (2016-2028)
Frequently Asked Questions :
The forecast period in the EV Battery Recycling Market research report is 2022-2028.
Snam S.P.A., Retriev Technologies, Australian Battery Recycling Initiatives, Umicore N.V., Li-Cycle Corp., American Manganese Inc., Accurec Recycling GmbH, G&P Batteries, Recupyl, and other major players.
The EV Battery Recycling market is segmented into Type, Process, Vehicle Type and region. By Type, the market is categorized into Lithium-ion, Lead-acid, Others. By Process, it is classified into Hydrometallurgical, Pyro-metallurgical, Others. By Vehicle Type, the market is categorized into Passenger Cars, Commercial Vehicles. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain etc.), Asia-Pacific (China; India; Japan; Southeast Asia etc.), South America (Brazil; Argentina etc.), Middle East & Africa (Saudi Arabia; South Africa etc.).
With the advent of the first vehicle, batteries became a supplementary power source. Battery electric cars on the market are propelled by an electric vehicle battery, often known as a traction battery. A secondary (rechargeable) battery is used in electric vehicles.
The EV Battery Recycling Market is expected to grow at a significant growth rate over the analysis period 2022-2028, considering base year as 2021.