The global li-ion battery recycling market is anticipated to grow at a CAGR of 18.5% during the forecast period. The cohesive government efforts to support li-ion battery recycling are key factors driving the growth of the global li-ion battery recycling market. For instance, in Europe, some government projects such as the new EU-funded project ECO2LIB launched in January 2020, which is concerned about the viable production and recycling of Li-ion batteries. The project is supervised by VARTA Microbattery GmbH, Germany and completed by international experienced scientific institutes and OEMs. The ECO2LIB project is the successor of the Sintbat project, which was concerned with supplying an energy-efficient, cost-effective, maintenance-free, lithium-ion-based energy storage system. Within the project, ACCUREC will lead the work package for recycling and the investigation of an innovative recycling route, with cost-effectiveness as well as higher material efficiency.
Browse the full report description of “Li-ion Battery Recycling Market Size, Share & Trends Analysis Report, By Battery Component (Active Material, Non-Active Material), By Recycling Process (Hydrometallurgical Process, Pyrometallurgy Process, and Physical/Mechanical Process), By End-User (Automotive and Non-Automotive), Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/li-ion-battery-recycling-market
Further, in January 2019, the Department of Energy launched a Lithium-Ion Battery Recycling Prize to develop technologies to profitably capture 90.0% of all lithium-based battery technologies in the US. This is aimed at encouraging American entrepreneurs to find innovative solutions for collecting, storing, and transporting discarded lithium-ion batteries for eventual recycling. Such initiatives and efforts by the government and non-government organizations tend to drive the growth of the market.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Component
o By Recycling Process
o By End-Use
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- EnerSys, Umicore N.V., Exide Technologies, Aqua Metals, Inc., and Glencore plc.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Li-ion Battery Recycling Market Report by Segment
By Component
By Recycling Process
By End-Use
Global Li-ion Battery Recycling Market Report by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
To learn more about this report request a free sample copy @ https://www.omrglobal.com/request-sample/li-ion-battery-recycling-market