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| Report Code: A04853 | Mar 2019 | Pages: 166 | ||
| Tables: 46 | Charts: 43 |
| |
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Electric Vehicle Battery Recycling Market
Request Now !The global electric vehicle battery recycling market was valued at $138.6 million in 2017, and is projected to reach at $2,272.3 million by 2025, growing at a CAGR of 41.8% from 2018 to 2025.
Batteries are used as a secondary power source with the introduction of first automobile. Electric vehicle battery or traction battery power the propulsion of battery electric vehicles in the market. Electric vehicle battery is a secondary (rechargeable) battery. It uses chemical energy stored in rechargeable battery packs for power; and therefore, does not require any combustion engine for propulsion. These batteries reach a point called end of life and after this are replaced with a new one. The valuable materials within each of these batteries, which reach end of life, can be recovered and recycled to optimize the use of finite metal resources. Aluminum, cobalt, nickel, lithium, and other types of metals can be recovered from these batteries, which reach end of the life.
The major companies profiled in the electric vehicle battery recycling market share include ACCUREC Recycling GmbH, American Manganese Inc., Battery Solutions, LI-CYCLE CORP., G & P Service , Recupyl, Retriev Technologies, SITRASA, SNAM S.A.S., and Umicore.
The electric vehicle battery recycling market size is segmented based on application and region. Based on application, it is categorized into electric cars, electric buses, energy storage systems, and others. Based on region, the electric vehicle battery recycling market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Top Impacting Factors
Factors such as finite metal resources, growth in demand for zero emission vehicles, rise in requirement for recycled products & materials, and increase in employment drive the electric vehicle battery recycling market growth. However, re-use of EV batteries and high cost to setup recycling plant restrict the stated market growth. Further, high recycling gap and subsidies to encourage battery recycling makes way for electric vehicle battery recycling market opportunity.
Finite Metal Resources
On July 29, 2017, Britain joined France in pledging to ban the sales of gasoline and diesel cars by the end of 2040 to reduce the toxic vehicle emissions. This results in the excess demand for the electric vehicles and thereby battery components and raw materials such as lithium, nickel, cobalt, aluminum, and others. Battery makers are struggling to control supply of the raw materials used in the production of these battery packs as the resources are finite and expensive. This results in recycling of the batteries, which have reached its end of the life. The process extracts the vital components from such batteries, which can be used further in other applications due to the scarcity of the supply of metal components, such as nickel, cobalt, and more. This in turn supplements the growth of the electric vehicle battery recycling market.
Growth in demand for zero emission vehicles
Increase in global concerns regarding the negative effect of climate change along with alarming pollution levels recorded in the major cities have created a significant demand for electric vehicles. The demand for fuel-efficient vehicles has increased recently owing to rise in price of petrol and diesel. This also results in depletion of fossil fuel reserves and growth in tendency of companies to gain maximum profit from these oil reserves. Thus, these factors give rise to the need for advanced fuel-efficient technologies, leading to surge in demand for electrically powered vehicles for travel, which generate demand for the batteries. Once these batteries reach end of their life, they are be recycled. The first batch of batteries from electric and hybrid vehicles have reached their retirement age. The total number of batteries which are retired from electric bus and car equals to around 55,000 units and is expected to be recycled in 2018. Thus, increase in demand of electric vehicles drives the growth of the electric vehicle battery recycling market.
Growth in Demand for Recycled Products & Materials
Various companies are working on effective techniques to recycle lithium-ion batter in optimized manner after analyzing the potential demand for the recycled raw materials such as nickel, cobalt, lithium, and others. For instance, Kemetco is working with American Manganese to develop a scalable and commercialized recycling technology for Lithium-ion batteries, which is low cost as well as environment friendly. In addition, the amount of the recycled lithium is expected to satisfy 9% of the global demand for lithium in various applications. More than 66% of the spent EV batteries are expected to be recycled in China, which are used to serve the country’s fast growing battery material industry.
Electric Vehicle Battery Recycling Market Report Highlights
| Aspects | Details |
|---|---|
| By Application |
|
| By Region |
|
| Key Market Players | BATTERY SOLUTIONS, UMICORE, ACCUREC RECYCLING GMBH, G & P BATTERIES, FLORIDIENNE (SNAM S.A.S.), LI-CYCLE CORP., RECUPYL, SITRASA, AMERICAN MANGANESE INC., RETRIEV TECHNOLOGIES |
CHAPTER 1:Â Â Â INTRODUCTION
1.1.   REPORT DESCRIPTION
1.2.   KEY BENEFITS FOR STAKEHOLDERS
1.3.   KEY MARKET SEGMENTS
1.4.   RESEARCH METHODOLOGY
1.4.1.   Primary research
1.4.2.   Secondary research
1.4.3.   Analyst tools and models
CHAPTER 2:Â Â Â EXECUTIVE SUMMARY
2.1.   CXO PERSPECTIVE
CHAPTER 3:Â Â Â MARKET OVERVIEW
3.1.   MARKET DEFINITION AND SCOPE
3.2.   KEY FINDINGS
3.2.1.   Top impacting factors
3.2.2.   Top investment pockets
3.2.3.   Top winning strategies
3.3.   PORTER’S FIVE FORCES ANALYSIS
3.4.   KEY PLAYER POSITIONING
3.5.   MARKET DYNAMICS
3.5.1.   Drivers
3.5.1.1.   Finite Metal Resources
3.5.1.2.   Growth in demand for zero emission vehicles
3.5.1.3.   Growing Demand for Recycled Products & Materials
3.5.1.4.   Increase in employment
3.5.2.   Restraints
3.5.2.1.   Re-use of EV batteries
3.5.2.2.   High cost to setup recycling plant
3.5.3.   Opportunities
3.5.3.1.   High recycling gap
3.5.3.2.   Subsidies to Encourage Battery Recycling
CHAPTER 4:Â Â Â GLOBAL ELECTRIC VEHICLE BATTERY RECYCLING MARKET, BY APPLICATION
4.1.   OVERVIEW
4.2.   ELECTRIC CARS
4.2.1.   Key market trends, growth factors and opportunities
4.2.2.   Market size and forecast, by region
4.2.3.   Market analysis by country
4.3.   ELECTRIC BUSES
4.3.1.   Key market trends, growth factors, and opportunities
4.3.2.   Market size and forecast, by region
4.3.3.   Market analysis by country
4.4.   ENERGY STORAGE SYSTEMS
4.4.1.   Key market trends, growth factors, and opportunities
4.4.2.   Market size and forecast, by region
4.4.3.   Market analysis by country
4.5.   OTHERS
4.5.1.   Key market trends, growth factors, and opportunities
4.5.2.   Market size and forecast, by region
4.5.3.   Market analysis by country
CHAPTER 5:Â Â Â ELECTRIC VEHICLE BATTERY RECYCLING MARKET, BY REGION
5.1.   OVERVIEW
5.2.   NORTH AMERICA
5.2.1.   Key market trends, growth factors, and opportunities
5.2.2.   Market size and forecast, by Application
5.2.3.   Market analysis by country
5.2.3.1.   U.S.
5.2.3.1.1.   Market size and forecast, by Application
5.2.3.2.   Canada
5.2.3.2.1.   Market size and forecast, by Application
5.2.3.3.   Mexico
5.2.3.3.1.   Market size and forecast, by Application
5.3.   EUROPE
5.3.1.   Key market trends, growth factors, and opportunities
5.3.2.   Market size and forecast, by Application
5.3.3.   Market analysis by country
5.3.3.1.   U.K.
5.3.3.1.1.   Market size and forecast, by Application
5.3.3.2.   Germany
5.3.3.2.1.   Market size and forecast, by Application
5.3.3.3.   France
5.3.3.3.1.   Market size and forecast, by Application
5.3.3.4.   Italy
5.3.3.4.1.   Market size and forecast, by Application
5.3.3.5.   Norway
5.3.3.5.1.   Market size and forecast, by Application
5.3.3.6.   Rest of Europe
5.3.3.6.1.   Market size and forecast, by Application
5.4.   ASIA-PACIFIC
5.4.1.   Key market trends, growth factors, and opportunities
5.4.2.   Market size and forecast, by Application
5.4.3.   Market analysis by country
5.4.3.1.   China
5.4.3.1.1.   Market size and forecast, by Application
5.4.3.2.   India
5.4.3.2.1.   Market size and forecast, by Application
5.4.3.3.   Japan
5.4.3.3.1.   Market size and forecast, by Application
5.4.3.4.   Rest of Asia-Pacific
5.4.3.4.1.   Market size and forecast, by Application
5.5.   LAMEA
5.5.1.   Key market trends, growth factors, and opportunities
5.5.2.   Market size and forecast, by Application
5.5.3.   Market analysis by country
5.5.3.1.   Latin America
5.5.3.1.1.   Market size and forecast, by Application
5.5.3.2.   Middle East
5.5.3.2.1.   Market size and forecast, by Application
5.5.3.3.   Africa
5.5.3.3.1.   Market size and forecast, by Application
CHAPTER 6:Â Â Â COMPANY PROFILE
6.1.   ACCUREC RECYCLING GMBH
6.1.1.   Company overview
6.1.2.   Company snapshot
6.1.3.   Product portfolio
6.1.4.   Key strategic moves and developments
6.2.   AMERICAN MANGANESE INC.
6.2.1.   Company overview
6.2.2.   Company snapshot
6.2.3.   Product portfolio
6.2.4.   Key strategic moves and developments
6.3.   BATTERY SOLUTIONS
6.3.1.   Company overview
6.3.2.   Company snapshot
6.3.3.   Product portfolio
6.4.   LI-CYCLE CORP.
6.4.1.   Company overview
6.4.2.   Company snapshot
6.4.3.   Product portfolio
6.4.4.   Key strategic moves and developments
6.5.   G & P BATTERIES
6.5.1.   Company overview
6.5.2.   Company snapshot
6.5.3.   Operating business segments
6.5.4.   Product portfolio
6.6.   RECUPYL
6.6.1.   Company overview
6.6.2.   Company snapshot
6.6.3.   Product portfolio
6.7.   RETRIEV TECHNOLOGIES
6.7.1.   Company overview
6.7.2.   Company snapshot
6.7.3.   Product portfolio
6.8.   SITRASA
6.8.1.   Company overview
6.8.2.   Company snapshot
6.8.3.   Product portfolio
6.9.   FLORIDIENNE (SNAM S.A.S.)
6.9.1.   Company overview
6.9.2.   Company snapshot
6.9.3.   Product portfolio
6.9.4.   Business performance
6.10.   UMICORE
6.10.1.   Company overview
6.10.2.   Company snapshot
6.10.3.   Operating business segments
6.10.4.   Product portfolio
6.10.5.   Business performance
6.10.6.   Key strategic moves and developments
LIST OF TABLES
TABLE 01.   GLOBAL ELECTRIC VEHICLE BATTERY RECYCLING MARKET, BY APPLICATION, 2017-2025($MILLION)
TABLE 02.   ELECTRIC VEHICLE BATTERY RECYCLING MARKET REVENUE FOR ELECTRIC CARS, BY REGION 2017-2025 ($MILLION)
TABLE 03.   ELECTRIC VEHICLE BATTERY RECYCLING MARKET REVENUE FOR ELECTRIC BUSES, BY REGION 2017-2025 ($MILLION)
TABLE 04.   ELECTRIC VEHICLE BATTERY RECYCLING MARKET REVENUE FOR ENERGY STORAGE SYSTEMS, BY REGION 2017–2025 ($MILLION)
TABLE 05.   ELECTRIC VEHICLE BATTERY RECYCLING MARKET REVENUE FOR OTHERS, BY REGION 2017–2025 ($MILLION)
TABLE 06.   NORTH AMERICAN ELECTRIC VEHICLE BATTERY RECYCLING MARKET, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 07.   U. S. ELECTRIC VEHICLE BATTERY RECYCLING MARKET, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 08.   CANADA ELECTRIC VEHICLE BATTERY RECYCLING MARKET, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 09.   MEXICO ELECTRIC VEHICLE BATTERY RECYCLING MARKET, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 10.   EUROPEAN ELECTRIC VEHICLE BATTERY RECYCLING MARKET, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 11.   U. K. ELECTRIC VEHICLE BATTERY RECYCLING MARKET, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 12.   GERMANY ELECTRIC VEHICLE BATTERY RECYCLING MARKET, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 13.   FRANCE ELECTRIC VEHICLE BATTERY RECYCLING MARKET, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 14.   ITALY ELECTRIC VEHICLE BATTERY RECYCLING MARKET, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 15.   NORWAY ELECTRIC VEHICLE BATTERY RECYCLING MARKET, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 16.   REST OF EUROPE ELECTRIC VEHICLE BATTERY RECYCLING MARKET, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 17.   ASIA-PACIFIC ELECTRIC VEHICLE BATTERY RECYCLING MARKET, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 18.   CHINA ELECTRIC VEHICLE BATTERY RECYCLING MARKET, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 19.   INDIA ELECTRIC VEHICLE BATTERY RECYCLING MARKET, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 20.   JAPAN ELECTRIC VEHICLE BATTERY RECYCLING MARKET, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 21.   REST OF ASIA-PACIFIC ELECTRIC VEHICLE BATTERY RECYCLING MARKET, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 22.   LAMEA ELECTRIC VEHICLE BATTERY RECYCLING MARKET, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 23.   LATIN AMERICA ELECTRIC VEHICLE BATTERY RECYCLING MARKET, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 24.   MIDDLE EAST ELECTRIC VEHICLE BATTERY RECYCLING MARKET, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 25.   AFRICA ELECTRIC VEHICLE BATTERY RECYCLING MARKET, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 26.   ACCUREC RECYCLING GMBH: COMPANY SNAPSHOT
TABLE 27.   ACCUREC RECYCLING GMBH: PRODUCT PORTFOLIO
TABLE 28.   AMERICAN MANGANESE INC.: COMPANY SNAPSHOT
TABLE 29.   AMERICAN MANGANESE INC.: PRODUCT CATEGORIES
TABLE 30.   BATTERY SOLUTIONS: COMPANY SNAPSHOT
TABLE 31.   BATTERY SOLUTIONS: PRODUCT PORTFOLIO
TABLE 32.   LI-CYCLE CORP.: COMPANY SNAPSHOT
TABLE 33.   LI-CYCLE CORP.: PRODUCT PORTFOLIO
TABLE 34.   G & P BATTERIES: COMPANY SNAPSHOT
TABLE 35.   G & P BATTERIES: PRODUCT PORTFOLIO
TABLE 36.   RECUPYL: COMPANY SNAPSHOT
TABLE 37.   RECUPYL: PRODUCT CATEGORIES
TABLE 38.   RETRIEV TECHNOLOGIES: COMPANY SNAPSHOT
TABLE 39.   RETRIEV TECHNOLOGIES: PRODUCT CATEGORIES
TABLE 40.   SITRASA: COMPANY SNAPSHOT
TABLE 41.   SITRASA: PRODUCT PORTFOLIO
TABLE 42.   SNAM S.A.S.: COMPANY SNAPSHOT
TABLE 43.   SNAM S.A.S.: PRODUCT CATEGORIES
TABLE 44.   UMICORE: COMPANY SNAPSHOT
TABLE 45.   UMICORE: OPERATING BUSINESS SEGMNETS
TABLE 46.   UMICORE: PRODUCT PORTFOLIO
LIST OF FIGURES
FIGURE 01.   KEY MARKET SEGMENTS
FIGURE 02.   EXECUTIVE SUMMARY
FIGURE 03.   EXECUTIVE SUMMARY
FIGURE 04.   TOP IMPACTING FACTORS
FIGURE 05.   TOP INVESTMENT POCKETS
FIGURE 06.   TOP WINNING STRATEGIES, BY YEAR, 2016–2019*
FIGURE 07.   TOP WINNING STRATEGIES, BY YEAR, 2015–2018*
FIGURE 08.   TOP WINNING STRATEGIES, BY COMPANY, 2016–2019*
FIGURE 09.   MODERATE-TO-HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 10.   MODERATE-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 11.   MODERATE THREAT OF SUBSTITUTES
FIGURE 12.   HIGH-TO-MODERATE INTENSITY OF RIVALRY
FIGURE 13.   MODERATE BARGAINING POWER OF BUYERS
FIGURE 14.   KEY PLAYER POSITIONING (2017)
FIGURE 15.   GLOBAL ELECTRIC VEHICLE BATTERY RECYCLING MARKET SHARE, BY APPLICATION, 2017–2025 (%)
FIGURE 16.   COMPARATIVE SHARE ANALYSIS OF ELECTRIC VEHICLE BATTERY RECYCLING MARKET FOR ELECTRIC CARS, BY COUNTRY, 2017 & 2025 (%)
FIGURE 17.   COMPARATIVE SHARE ANALYSIS OF ELECTRIC VEHICLE BATTERY RECYCLING MARKET FOR ELECTRIC BUSES, BY COUNTRY, 2017 & 2025 (%)
FIGURE 18.   COMPARATIVE SHARE ANALYSIS OF ELECTRIC VEHICLE BATTERY RECYCLING MARKET FOR ENERGY STORAGE SYSTEMS, BY COUNTRY, 2017 & 2025 (%)
FIGURE 19.   COMPARATIVE SHARE ANALYSIS OF ELECTRIC VEHICLE BATTERY RECYCLING MARKET FOR OTHERS, BY COUNTRY, 2017 & 2025 (%)
FIGURE 20.   ELECTRIC VEHICLE BATTERY RECYCLING MARKET, BY REGION, 2017-2025 (%)
FIGURE 21.   COMPARATIVE SHARE ANALYSIS OF ELECTRIC VEHICLE BATTERY RECYCLING MARKET, BY COUNTRY, 2017–2025 (%)
FIGURE 22.   U. S. ELECTRIC VEHICLE BATTERY RECYCLING MARKET, 2017–2025 ($MILLION)
FIGURE 23.   CANADA ELECTRIC VEHICLE BATTERY RECYCLING MARKET, 2017–2025 ($MILLION)
FIGURE 24.   MEXICO ELECTRIC VEHICLE BATTERY RECYCLING MARKET, 2017–2025 ($MILLION)
FIGURE 25.   COMPARATIVE SHARE ANALYSIS OF ELECTRIC VEHICLE BATTERY RECYCLING MARKET, BY COUNTRY, 2017–2025 (%)
FIGURE 26.   U. K. ELECTRIC VEHICLE BATTERY RECYCLING MARKET, 2017–2025 ($MILLION)
FIGURE 27.   GERMANY ELECTRIC VEHICLE BATTERY RECYCLING MARKET, 2017–2025 ($MILLION)
FIGURE 28.   FRANCE ELECTRIC VEHICLE BATTERY RECYCLING MARKET, 2017–2025 ($MILLION)
FIGURE 29.   ITALY ELECTRIC VEHICLE BATTERY RECYCLING MARKET, 2017–2025 ($MILLION)
FIGURE 30.   NORWAY ELECTRIC VEHICLE BATTERY RECYCLING MARKET, 2017–2025 ($MILLION)
FIGURE 31.   REST OF EUROPE ELECTRIC VEHICLE BATTERY RECYCLING MARKET, 2017–2025 ($MILLION)
FIGURE 32.   COMPARATIVE SHARE ANALYSIS OF ELECTRIC VEHICLE BATTERY RECYCLING MARKET, BY COUNTRY, 2017–2025 (%)
FIGURE 33.   CHINA ELECTRIC VEHICLE BATTERY RECYCLING MARKET, 2017–2025 ($MILLION)
FIGURE 34.   INDIA ELECTRIC VEHICLE BATTERY RECYCLING MARKET, 2017–2025 ($MILLION)
FIGURE 35.   JAPAN ELECTRIC VEHICLE BATTERY RECYCLING MARKET, 2017–2025 ($MILLION)
FIGURE 36.   REST OF ASIA-PACIFIC ELECTRIC VEHICLE BATTERY RECYCLING MARKET, 2017–2025 ($MILLION)
FIGURE 37.   COMPARATIVE SHARE ANALYSIS OF ELECTRIC VEHICLE BATTERY RECYCLING MARKET, BY COUNTRY, 2017–2025 (%)
FIGURE 38.   LATIN AMERICA ELECTRIC VEHICLE BATTERY RECYCLING MARKET, 2017–2025 ($MILLION)
FIGURE 39.   MIDDLE EAST ELECTRIC VEHICLE BATTERY RECYCLING MARKET, 2017–2025 ($MILLION)
FIGURE 40.   AFRICA ELECTRIC VEHICLE BATTERY RECYCLING MARKET, 2017–2025 ($MILLION)
FIGURE 41.   SNAM S.A.S.: REVENUE, 2015–2017 ($MILLION)
FIGURE 42.   UMICORE: REVENUE, 2015–2017 ($MILLION)
FIGURE 43.   UMICORE: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
The electric vehicle battery recycling market holds high potential for the automotive industry owing to its importance of vital metals present in an electric vehicle. At present, there is an increase in demand for the electric vehicle battery recycling from developing countries such as China, India, and others owing to the increase in sales of EVs. Companies in this industry adopt various innovative techniques to provide customers with advanced and innovative product offerings.
Factors such as finite metal resources, growth in demand for zero emission vehicles, rise in need for recycled products & materials, and increase in employment fuel the growth of the electric vehicle battery recycling market. However, re-use of EV batteries and high cost to setup recycling plant restrict the market growth. Further, high recycling gap and subsidies to encourage battery recycling makes way for growth opportunities for the market expansion.
Among the analyzed regions, Asia-Pacific is expected to account for the highest revenue in the global market throughout the forecast period (2018-2025) followed by Europe, North America, and LAMEA. However, LAMEA is expected to grow at a higher growth rate, predicting a lucrative market growth for electric vehicle battery recycling owing to the expected increase in vehicle sale.
ACCUREC Recycling GmbH, American Manganese Inc., Battery Solutions, LI-CYCLE CORP., G & P Service, Recupyl, Retriev Technologies, SITRASA, SNAM S.A.S., and Umicore are the key market players that occupy a significant revenue share in the electric vehicle battery recycling market.
A. AMY announced that its processing partner commenced the processing of a select sample of cathode scrap material through Stages 1 and 2 of the Pilot Plant. This will help to prove AMY its patent-approved lithium-ion battery recycling technology
A. The global electric vehicle battery recycling market generated revenue worth $138.6 million in 2017, and is projected to reach $2,272.3 million by 2025, to register a CAGR of 41.8% during the forecast period (2018-2025).
A. The report sample/ company profile section for global electric vehicle battery recycling market report can be obtained on demand from the website.
A. The current scenario is witnessing an increase in the demand for EV battery recycling, particularly in the countries such as US, China, and others as the first batch of batteries from electric and hybrid vehicles have reached its retirement age.
A. The major companies profiled in the report include ACCUREC Recycling GmbH, American Manganese Inc., Battery Solutions, LI-CYCLE CORP., G & P Service , Recupyl, Retriev Technologies, SITRASA, SNAM S.A.S., and Umicore
A. The company profile section for electric vehicle battery recycling market report can be obtained on demand from the website.
A. Among the analyzed geographical regions, Asia-Pacific is expected to account for the highest revenue in the global market throughout the forecast period. However, LAMEA is expected to grow at a higher rate, predicting lucrative opportunities .
A. The service providers of the EV battery recycling market includes the players such as Battery Solutions, G & P Service, and others which offers battery recycling solutions. Service area of such companies includes bank, collection, sort, and recycle.
A. The key growth strategies adopted by the EV battery recycling players includes innovations and developments of better and efficient products coupled with the increased RnD expenditure which have a wider applications of recycled batteries.
A. Electric cars, electric buses, energy storage systems, and others (such as UPS/data centers, e-bikes, e-scooters, industrial automation, and telecom) are the market applications of the global electric vehicle battery recycling market.
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