EV Battery Recycling Market

Reports

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80

📊Tables:
114

📈Charts:
84

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🏢Companies:
10

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10

To produce the most precise estimations and forecasts, we use an extensive and iterative research technique that is focused on reducing deviation. For market segmentation and quantitative estimation, the company combines top-down and bottom-up methods. In addition, data triangulation, which examines the market from three separate angles, is a recurrent topic present in all of our research studies.

In Europe and North America, recycling of batteries is required. In several nations in Europe and North America, development grant programmes offer grants and subsidies for battery recycling enterprises. For instance, in the US, Texas gives regional solid waste funds for recycling activities through public-private partnerships, while Florida has specific project grant financing for which recycling projects are qualified. However, not all regions offer market participants the grants and subsidies that make businesses in this field economically viable. Battery recyclers are anticipated to benefit in the coming years from plans to offer grants and subsidies in other areas.

The rate of lithium recovery from all uses worldwide, according to the Centre for Energy Economics (CEE), is only between one and three percent. Advanced technologies are being developed by numerous businesses, including Umicore (Belgium), Guangdong Brunp Recycling Technology Co., Ltd. (China), and Toxco (US), among others, to recover lithium from used lithium-based batteries. The high cost of recycling, the absence of sufficient storage systems for the collecting of spent batteries, and a lack of recycling technologies are just a few of the difficulties faced by market participants when it comes to recycling batteries.

Research Methodology:

The study’s estimation of the size of the lithium-ion battery recycling industry includes four main steps. To gather details about the market, its competitors, and its parent market, extensive secondary research was conducted. The next stage was to use primary research to validate these findings, presumptions, and sizes with industry experts from all points throughout the value chain of lithium-ion battery recycling. The total market size was estimated using both top-down and bottom-up methods. The size of the market’s segments and sub-segments was then estimated using market breakdown and data triangulation. The first step in the research methodology used to assess and forecast the access control market is to gather information on the sales of significant market players. For the purpose of locating and gathering data for this study, a number of sources, including Hoovers, Bloomberg BusinessWeek, Factiva, the World Bank, and industry journals, were used in the research process. These sources included company annual reports, press releases, investor presentations, white papers, licenced publications, articles by reputable authors, regulatory body notifications, trade directories, and databases. In order to segment the market, vendor offerings have also been taken into account. The primary participants share is given below:

market research report

Global EV Battery Recycling Market based on Type:

Lithium-ion
Lead Acid
Others

Global EV Battery Recycling Market based on Source:

End of life
Production Scrap

Global EV Battery Recycling Market based on Vehicle type:

Passenger Cars
Buses
Vans
Others

Global Hydrogen Fuel Cell Vehicle Market based on Geography:

North America
- US
- Canada
Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe (RoE)
Asia Pacific (APAC)
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific (RoAPAC)
Latin America (LATAM)
- Brazil
- Argentina
- Rest of South America
Middle East and Africa (MEA)
- UAE
- Turkey
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa

Due to their excellent thermal and chemical stability, lithium-ion batteries saw an increase in use in electric vehicles in 2022, accounting for 58.38% of the type segment’s market share. In the upcoming years, it is projected that this aspect would further fuel their demand for recycled EV batteries. Due to its qualities and the simple accessibility of raw materials for its production in China, Chinese vendors have also been using this battery in electric vehicles. Over the projection period, these factors will accelerate the growth of lithium-ion battery recycling.

The market for recycling EV batteries has been divided into lithium-ion, lead-acid, and other categories based on type. There are two types of lead-acid batteries: flooded and valve-regulated. In electric cars, these batteries are used for the ignition. The need for lead-acid recycled batteries is anticipated to increase as the electric vehicle industry expands. Nickel-cadmium and nickel-metal hydride, which are frequently used in electric and hybrid vehicles, are included in the others group. In the upcoming years, it’s anticipated that the expansion of the electric car market would increase demand for EV battery recycling.

The market for recycling EV batteries has been divided into categories for passenger cars, buses, vans, and other vehicles. Due to the deployment of electric vehicle technology in public transport in numerous nations throughout the world in 2022, the buses category accounted for the second-largest share.China will control the global market for electric buses by 2022, according to the International Energy Agency (IEA).

Other countries are working to increase the percentage of electric buses in their fleets of public transportation, including the US, UK, India, Japan, South Korea, and some European economies. The demand for electric buses is expected to rise dramatically in the next years as a result of tightening environmental laws. During the projected period, it is anticipated that the markets for electric buses and battery recycling would expand rapidly.

Due to the expanding shift to EV manufacturing in nations including the U.S., China, and the UK, the production scrap sector accounted for the greatest revenue share of 71.34% in 2022. Cells in consumer electronics goods, such as those found in laptops and other home appliances, as well as cell manufacturing debris produced by defective batteries that fail quality control, make up the majority of the battery material that is still viable for recycling.

The market for recycling EV batteries can be divided into end-of-life and production scrap depending on the source. Due to the low rate of recycling in this industry, it is anticipated that the end-of-life segment will increase at a static rate. Batteries being stored or collected in large quantities, being disposed of without recycling, or being used in other applications are just a few of the variables that contribute to this.

In 2022, Asia Pacific had the highest revenue share (40.37%) in the market for recycling EV batteries.Over the course of the forecast, the market for recycled lithium-ion batteries is anticipated to expand significantly in Asia Pacific. Due to the industry’s expansion and the quick advancements in lithium-ion battery manufacture and recycling, India and China are predicted to make significant progress.

Due to rising sales of consumer electronics and electric vehicles in nations like the United States, Canada, and Mexico, North America contributed the second-highest revenue share. Growing consumer knowledge of the advantages of decreasing carbon emissions is predicted to increase the demand for electric vehicles, which will support regional market expansion.

This report illustrates the most vital attributes of the Global EV Battery Recycling Market, which are driving and providing opportunities.
This research gives an in-depth analysis of the Global EV Battery Recycling Market growth on the basis of several segments in the market.
This report presents the predictions of the past and present trends of the Global EV Battery Recycling Market.
This study also presents the competitive analysis, such as key strategies and capabilities of major players of the Global EV Battery Recycling Market.

Additional information

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Table Of Content

Executive Summary
Industry Outlook
- Industry Overview
- Industry Trends
Market Snapshot
- Market Definition
- Market Outlook
  - Porter Five Forces
- Related Markets
Market characteristics
- Market Overview
- Market Segmentation
- Market Dynamics
  - Drivers
  - Restraints
  - Opportunities
- DRO – Impact Analysis
Type: Market Size & Analysis
- Overview
- Lithium-ion
- Lead Acid
- Others
Source: Market Size & Analysis
- Overview
- End of life
- Production Scrap
Vehicle Type: Market Size & Analysis
- Overview
- Passenger Cars
- Buses
- Vans
- Others
Geography: Market Size & Analysis
- Overview
- North America (U.S., Mexico, Canada)
- Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia, Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, South East Asia, Rest of APAC)
- Latin America (Brazil, Argentina)
- Middle East & Africa (Saudi Arabia, UAE, South Africa, Rest of Middle East and Africa)
Competitive Landscape
- Competitor Comparison Analysis
- Market Developments
  - Mergers and Acquisitions, Legal, Awards, Partnerships
  - Product Launches and execution

Vendor Profiles
- Battery Solutions LLC
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- Gopher Resource LLC
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- Ecobat Logistics
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- Terrapure BR Ltd.
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- East Penn Manufacturing Company
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- Retriev Technologies
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- COM2 Recycling Solutions
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- Call2Recycle
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- Exide Technologies
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- Gravita India Ltd.
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy

Analyst Opinion
Annexure
- Report Scope
- Market Definitions
- Research Methodology
  - Data Collation and In-house Estimation
  - Market Triangulation
  - Forecasting
- Report Assumptions
- Declarations
- Stakeholders
- Abbreviations

Methodology

Infoholic Research works on a holistic 360° approach in order to deliver high quality, validated and reliable information in our market reports. The Market estimation and forecasting involves following steps:

Data Collation (Primary & Secondary)
In-house Estimation (Based on proprietary data bases and Models)
Market Triangulation
Forecasting

List of Tables

TABLE 1. GLOBAL EV BATTERY RECYCLING MARKET, BY TYPE, 2021-2030 (USD BILLION)

TABLE 2. GLOBAL EV BATTERY RECYCLING MARKET FOR LITHIUM-ION, BY GEOGRAPHY, 2021-2030 (USD BILLION)

TABLE 3. GLOBAL EV BATTERY RECYCLING MARKET FOR LEAD ACID, BY GEOGRAPHY, 2021-2030 (USD BILLION)

TABLE 4. GLOBAL EV BATTERY RECYCLING MARKET FOR OTHERS, BY GEOGRAPHY, 2021-2030 (USD BILLION)

TABLE 5. GLOBAL EV BATTERY RECYCLING MARKET, BY SOURCE, 2021-2030 (USD BILLION)

TABLE 6. GLOBAL EV BATTERY RECYCLING MARKET FOR END OF LIFE, 2021-2030 (USD BILLION)

TABLE 7. GLOBAL EV BATTERY RECYCLING MARKET FOR PRODUCTION SCRAP, BY GEOGRAPHY, 2021-2030 (USD BILLION)

TABLE 8. GLOBAL EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE, 2021-2030 (USD BILLION)

TABLE 9. GLOBAL EV BATTERY RECYCLING MARKET FOR PASSENGER CARS, 2021-2030 (USD BILLION)

TABLE 10. GLOBAL EV BATTERY RECYCLING MARKET FOR BUSES, 2021-2030 (USD BILLION)

TABLE 11. GLOBAL EV BATTERY RECYCLING MARKET FOR VANS, 2021-2030 (USD BILLION)

TABLE 12. GLOBAL EV BATTERY RECYCLING MARKET FOR OTHERS, BY GEOGRAPHY, 2021-2030 (USD BILLION)

TABLE 13. NORTH AMERICA GLOBAL EV BATTERY RECYCLING MARKET, BY COUNTRY, 2021-2030 (USD BILLION)

TABLE 14. NORTH AMERICA GLOBAL EV BATTERY RECYCLING MARKET, BY TYPE, 2021-2030 (USD BILLION)

TABLE 15. NORTH AMERICA GLOBAL EV BATTERY RECYCLING MARKET, BY SOURCE, 2021-2030 (USD BILLION)

TABLE 16. NORTH AMERICA GLOBAL EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE, 2021-2030 (USD BILLION)

TABLE 17. U.S GLOBAL EV BATTERY RECYCLING MARKET, BY TYPE, 2021-2030 (USD BILLION)

TABLE 18. U.S GLOBAL EV BATTERY RECYCLING MARKET, BY SOURCE, 2021-2030 (USD BILLION)

TABLE 19. U.S GLOBAL EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE, 2021-2030 (USD BILLION)

TABLE 20. CANADA GLOBAL EV BATTERY RECYCLING MARKET, BY TYPE, 2021-2030 (USD BILLION)

TABLE 21. CANADA GLOBAL EV BATTERY RECYCLING MARKET, BY SOURCE, 2021-2030 (USD BILLION)

TABLE 22. CANADA GLOBAL EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE, 2021-2030 (USD BILLION)

TABLE 23. MEXICO GLOBAL EV BATTERY RECYCLING MARKET, BY TYPE, 2021-2030 (USD BILLION)

TABLE 24. MEXICO GLOBAL EV BATTERY RECYCLING MARKET, BY SOURCE, 2021-2030 (USD BILLION)

TABLE 25. MEXICO GLOBAL EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE, 2021-2030 (USD BILLION)

TABLE 26. EUROPE GLOBAL EV BATTERY RECYCLING MARKET, BY COUNTRY, 2021-2030 (USD BILLION)

TABLE 27. EUROPE GLOBAL EV BATTERY RECYCLING MARKET, BY TYPE, 2021-2030 (USD BILLION)

TABLE 28. EUROPE GLOBAL EV BATTERY RECYCLING MARKET, BY SOURCE, 2021-2030 (USD BILLION)

TABLE 29. EUROPE GLOBAL EV BATTERY RECYCLING MARKET, RANGE, 2021-2030 (USD BILLION)

TABLE 30. GERMANY GLOBAL EV BATTERY RECYCLING MARKET, BY TYPE, 2021-2030 (USD BILLION)

TABLE 31. GERMANY GLOBAL EV BATTERY RECYCLING MARKET, BY SOURCE, 2021-2030 (USD BILLION)

TABLE 32. GERMANY GLOBAL EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE, 2021-2030 (USD BILLION)

TABLE 33. U.K GLOBAL EV BATTERY RECYCLING MARKET, BY TYPE, 2021-2030 (USD BILLION)

TABLE 34. U.K GLOBAL EV BATTERY RECYCLING MARKET, BY SOURCE, 2021-2030 (USD BILLION)

TABLE 35. U.K GLOBAL EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE, 2021-2030 (USD BILLION)

TABLE 36. FRANCE GLOBAL EV BATTERY RECYCLING MARKET, BY TYPE, 2021-2030 (USD BILLION)

TABLE 37. FRANCE GLOBAL EV BATTERY RECYCLING MARKET, BY SOURCE, 2021-2030 (USD BILLION)

TABLE 38. FRANCE GLOBAL EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE, 2021-2030 (USD BILLION)

TABLE 39. ITALY GLOBAL EV BATTERY RECYCLING MARKET, BY TYPE, 2021-2030 (USD BILLION)

TABLE 40. ITALY GLOBAL EV BATTERY RECYCLING MARKET, BY SOURCE, 2021-2030 (USD BILLION)

TABLE 41. ITALY GLOBAL EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE, 2021-2030 (USD BILLION)

TABLE 42. SPAIN GLOBAL EV BATTERY RECYCLING MARKET, BY TYPE, 2021-2030 (USD BILLION)

TABLE 43. SPAIN GLOBAL EV BATTERY RECYCLING MARKET, BY SOURCE, 2021-2030 (USD BILLION)

TABLE 44. SPAIN GLOBAL EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE, 2021-2030 (USD BILLION)

TABLE 45. ROE GLOBAL EV BATTERY RECYCLING MARKET, BY TYPE, 2021-2030 (USD BILLION)

TABLE 46. ROE GLOBAL EV BATTERY RECYCLING MARKET, BY SOURCE, 2021-2030 (USD BILLION)

TABLE 47. ROE GLOBAL EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE, 2021-2030 (USD BILLION)

TABLE 48. ASIA PACIFIC GLOBAL EV BATTERY RECYCLING MARKET, BY COUNTRY, 2021-2030 (USD BILLION)

TABLE 49. ASIA PACIFIC GLOBAL EV BATTERY RECYCLING MARKET, BY TYPE, 2021-2030 (USD BILLION)

TABLE 50. ASIA PACIFIC GLOBAL EV BATTERY RECYCLING MARKET, BY SOURCE, 2021-2030 (USD BILLION)

TABLE 51. ASIA PACIFIC GLOBAL EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE, 2021-2030 (USD BILLION)

TABLE 52. CHINA GLOBAL EV BATTERY RECYCLING MARKET, BY TYPE, 2021-2030 (USD BILLION)

TABLE 53. CHINA GLOBAL EV BATTERY RECYCLING MARKET, BY SOURCE, 2021-2030 (USD BILLION)

TABLE 54. CHINA GLOBAL EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE, 2021-2030 (USD BILLION)

TABLE 55. INDIA GLOBAL EV BATTERY RECYCLING MARKET, BY TYPE, 2021-2030 (USD BILLION)

TABLE 56. INDIA GLOBAL EV BATTERY RECYCLING MARKET, BY SOURCE, 2021-2030 (USD BILLION)

TABLE 57. INDIA GLOBAL EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE, 2021-2030 (USD BILLION)

TABLE 58. JAPAN GLOBAL EV BATTERY RECYCLING MARKET, BY TYPE, 2021-2030 (USD BILLION)

TABLE 59. JAPAN GLOBAL EV BATTERY RECYCLING MARKET, BY SOURCE, 2021-2030 (USD BILLION)

TABLE 60. JAPAN GLOBAL EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE, 2021-2030 (USD BILLION)

TABLE 61. REST OF APAC GLOBAL EV BATTERY RECYCLING MARKET, BY TYPE, 2021-2030 (USD BILLION)

TABLE 62. REST OF APAC GLOBAL EV BATTERY RECYCLING MARKET, BY SOURCE, 2021-2030 (USD BILLION)

TABLE 63. REST OF APAC GLOBAL EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE, 2021-2030 (USD BILLION)

TABLE 64. LATIN AMERICA GLOBAL EV BATTERY RECYCLING MARKET, BY TYPE, 2021-2030 (USD BILLION)

TABLE 65. LATIN AMERICA GLOBAL EV BATTERY RECYCLING MARKET, BY SOURCE, 2021-2030 (USD BILLION)

TABLE 66. LATIN AMERICA GLOBAL EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE, 2021-2030 (USD BILLION)

TABLE 67. BRAZIL GLOBAL EV BATTERY RECYCLING MARKET, BY TYPE, 2021-2030 (USD BILLION)

TABLE 68. BRAZIL GLOBAL EV BATTERY RECYCLING MARKET, BY SOURCE, 2021-2030 (USD BILLION)

TABLE 69. BRAZIL GLOBAL EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE, 2021-2030 (USD BILLION)

TABLE 70. ARGENTINA GLOBAL EV BATTERY RECYCLING MARKET, BY TYPE, 2021-2030 (USD BILLION)

TABLE 71. ARGENTINA GLOBAL EV BATTERY RECYCLING MARKET, BY SOURCE, 2021-2030 (USD BILLION)

TABLE 72. ARGENTINA GLOBAL EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE, 2021-2030 (USD BILLION)

TABLE 73. MIDDLE EAST AND AFRICA GLOBAL EV BATTERY RECYCLING MARKET, BY TYPE, 2021-2030 (USD BILLION)

TABLE 74. MIDDLE EAST AND AFRICA GLOBAL EV BATTERY RECYCLING MARKET, BY SOURCE, 2021-2030 (USD BILLION)

TABLE 75. MIDDLE EAST AND AFRICA GLOBAL EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE, 2021-2030 (USD BILLION)

TABLE 76. SAUDI ARABIA GLOBAL EV BATTERY RECYCLING MARKET, BY TYPE, 2021-2030 (USD BILLION)

TABLE 77. SAUDI ARABIA GLOBAL EV BATTERY RECYCLING MARKET, BY SOURCE, 2021-2030 (USD BILLION)

TABLE 78. SAUDI ARABIA GLOBAL EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE, 2021-2030 (USD BILLION)

TABLE 79. UAE GLOBAL EV BATTERY RECYCLING MARKET, BY TYPE, 2021-2030 (USD BILLION)

TABLE 80. UAE GLOBAL EV BATTERY RECYCLING MARKET, BY SOURCE, 2021-2030 (USD BILLION)

TABLE 81. UAE GLOBAL EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE, 2021-2030 (USD BILLION)

TABLE 82. REST OF MIDDLE EAST AND AFRICA GLOBAL EV BATTERY RECYCLING MARKET, BY TYPE, 2021-2030 (USD BILLION)

TABLE 83. REST OF MIDDLE EAST AND AFRICA GLOBAL EV BATTERY RECYCLING MARKET, BY SOURCE, 2021-2030 (USD BILLION)

TABLE 84. REST OF MIDDLE EAST AND AFRICA GLOBAL EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE, 2021-2030 (USD BILLION)

TABLE 85. BATTERY SOLUTIONS LLC: FINANCIALS

TABLE 86. BATTERY SOLUTIONS LLC: PRODUCTS & SERVICES

TABLE 87. BATTERY SOLUTIONS LLC: RECENT DEVELOPMENTS

TABLE 88. GOPHER RESOURCE LLC: FINANCIALS

TABLE 89. GOPHER RESOURCE LLC: PRODUCTS & SERVICES

TABLE 90. GOPHER RESOURCE LLC: RECENT DEVELOPMENTS

TABLE 91. ECOBAT LOGISTICS: FINANCIALS

TABLE 92. ECOBAT LOGISTICS: PRODUCTS & SERVICES

TABLE 93. ECOBAT LOGISTICS: RECENT DEVELOPMENTS

TABLE 94. TERRAPURE BR LTD.: FINANCIALS

TABLE 95. TERRAPURE BR LTD.: PRODUCTS & SERVICES

TABLE 96. TERRAPURE BR LTD.: RECENT DEVELOPMENTS

TABLE 97. EAST PENN MANUFACTURING COMPANY: FINANCIALS

TABLE 98. EAST PENN MANUFACTURING COMPANY: PRODUCTS & SERVICES

TABLE 99. EAST PENN MANUFACTURING COMPANY: RECENT DEVELOPMENTS

TABLE 100. RETRIEV TECHNOLOGIES: FINANCIALS

TABLE 101. RETRIEV TECHNOLOGIES: PRODUCTS & SERVICES

TABLE 102. RETRIEV TECHNOLOGIES: RECENT DEVELOPMENTS

TABLE 103. COM2 RECYCLING SOLUTIONS: FINANCIALS

TABLE 104. COM2 RECYCLING SOLUTIONS: PRODUCTS & SERVICES

TABLE 105. COM2 RECYCLING SOLUTIONS: RECENT DEVELOPMENTS

TABLE 106. CALL2RECYCLE: FINANCIALS

TABLE 107. CALL2RECYCLE: PRODUCTS & SERVICES

TABLE 108. CALL2RECYCLE: RECENT DEVELOPMENTS

TABLE 109. EXIDE TECHNOLOGIES: FINANCIALS

TABLE 110. EXIDE TECHNOLOGIES: PRODUCTS & SERVICES

TABLE 111. EXIDE TECHNOLOGIES: RECENT DEVELOPMENTS

TABLE 112. GRAVITA INDIA LTD.: FINANCIALS

TABLE 113. GRAVITA INDIA LTD.: PRODUCTS & SERVICES

TABLE 114. GRAVITA INDIA LTD.: RECENT DEVELOPMENTS