At 22.1%+ CAGR, Global Lithium-ion Battery Recycling Market worth of USD 23.72 billion by 2030

The lithium-ion battery recycling market is estimated at USD 1.78 billion in 2017 and is projected to reach USD 23.72 billion by 2030, at a CAGR of 22.1% from 2017 to 2030. Rising demand for electric vehicles due to government regulations and subsidies encouraging battery recycling, and growing demand for smart devices in emerging economies are the key factors driving the growth of this market. Dearth of technologies for the extraction of lithium from spent lithium-based batteries is the major challenge for the lithium-ion battery recycling market.

 

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Lithium-nickel Manganese Cobalt (Li-NMC) is the largest segment of the lithium-ion battery recycling market, by chemistry

The Lithium-nickel Manganese Cobalt (Li-NMC) segment accounted for the largest share of the lithium-ion battery recycling market in 2016. This large share is mainly attributed to the material being cost-effective and the key functional properties which make it a preferred material especially for the automotive industry.

 

Automotive is projected to be the largest industry segment of the lithium-ion battery recycling market

Automotive is projected to be the largest industry segment of the lithium-ion battery recycling market. Within the industry segment, automotive plays a major role in the contribution of spent lithium-ion batteries for the recycling market due to the high penetration of electric driven vehicles in growing economies.

 

Asia Pacific is projected to lead the lithium-ion battery recycling market during the forecast period

Asia Pacific is projected to lead the global lithium-ion battery recycling market during the forecast period. The growth of the Asia Pacific lithium-ion battery recycling market is mainly driven by the rising government regulations for the proper disposal of lithium-ion batteries in Japan, India, and China. The lithium-ion battery recycling market in the Asia Pacific region is projected to grow at the highest CAGR from 2017 to 2030.

 

Read more on this report:  https://watchersofmarkets.com/collections/marketsandmarkets/products/lithium-ion-battery-recycling-market-by-chemistry-lithium-nickel-manganese-cobalt-lithium-iron-phosphate-lithium-manganese-oxide-lto-nca-lco-industry-automotive-marine-industrial-power-and-region-global-forecast-to-2030

 

Profile break-up of primary participants for the report:

  • By Company Type: Tier 1 – 42%, Tier 2 – 25% and Tier 3 – 33%
  • By Designation: C Level – 33%, D Level – 25%, and Others – 42%
  • By Region: North America – 44%, Europe – 25%, Asia Pacific – 19%, Middle East & Africa– 6%, South America– 6%

 

Furthermore, as a part of qualitative analysis, the research provides a comprehensive review of market drivers, restraints, opportunities, and challenges. It also discusses competitive strategies adopted by market players, such as Umicore (Belgium), Glencore (Switzerland), Retriev Technologies (US), Raw Materials Company (Canada), American Zinc Recycling (INMETCO) (US), and Battery Recycling Made Easy (US), among others.

 

Related Report:

Global Ni-MH Battery Market Analysis 2012-2017 and Forecast 2018-2023

The active components of a rechargeable NiMH battery in the charged state consist of nickel hydroxide (NiOOH) in the positive electrode and a hydrogen storing metal alloy (MH) in the negative electrode as well as an alkaline electrolyte. The advantage compared to rechargeable NiCd batteries is the higher energy density per volume and weight. The substitution of cadmium is mostly used to create a positive image but in view of the recycling situation today this does not offer any lasting benefits. In several applications rechargeable NiMH batteries have replaced the rechargeable NiCd batteries. The disadvantages are a higher sensitivity to high temperature, leading eventually to shorter service life (as in the case of high rate charge for power tools for example), greater temperature dependence and a higher cost.

The global Ni-MH Battery market will reach xxx Million USD in 2018 and CAGR xx% 2018-2023. The report begins from overview of Industry Chain structure, and describes industry environment, then analyses market size and forecast of Ni-MH Battery by product, region and application, in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.

Read More: https://watchersofmarkets.com/products/global-ni-mh-battery-market-analysis-2012-2017-and-forecast-2018-2023

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Posted by on Saturday September 15 2018, 9:00 AM EST. All trademarks acknowledged. Filed under Business & Financial Services, Business Services, Energy & Natural Resources, Energy Efficiency, Energy Storage, Featured Press Release, Power, Technology Hardware & Equipment, Technology, Media, & Telecommunications. Comments and Trackbacks closed. Follow responses: RSS 2.0

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