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Electric Vehicle Battery Recycling Market growth graph to witness upward trajectory during 2029

Electric Vehicle Battery Recycling Market size was valued at US$ 1.67 Bn. in 2021 and the total revenue is expected to grow at 37.1 % through 2022 to 2029, Electric Vehicle Battery Recycling Market is reaching nearly US$ 20.87 Bn. by 2029.

Market Scope:

Using both primary and secondary research approaches, we researched the Electric Vehicle Battery Recycling Market from every viewpoint. This helped us gain a better understanding of current market dynamics such as supply-demand imbalances, pricing trends, product preferences, customer habits, and so on. The data is then compiled and analysed using a range of market estimation and data validation techniques. Furthermore, we have an in-house data forecasting engine that forecasts market growth through 2027.

Electric Vehicle Battery Recycling Market Overview:

The market research study analyses and assesses the market's position during the forecast period. It is a comprehensive examination that focuses on primary and secondary drivers, market share, leading segments, and geographical analysis.

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Segmentation:

By Battery Type
• Lithium-ion
• Lead-acid
• Nickel-based battery

• Others

The market is divided into Lithium-ion, Lead-acid, Nickel-based battery, and other sub-segments. The lithium-based subsegment is predicted to grow the quickest, with sales reaching $6,099.8 million by 2029, up from $541.0 million in 2021. The lithium-based sub-segment of the global Electric Vehicle Battery Recycling Market is expanding due to a variety of factors such as high power-to-weight ratio, high energy efficiency, good high-temperature performance, and low self-discharge, all of which offer significant environmental benefits over other fossil fuel alternatives. As their popularity develops, electric vehicles are projected to have an immediate impact on carbon emissions reductions.

By Application
• Electric Cars
• Electric Buses
• Energy Storage Systems
• Others

The market is divided into three segments: electric automobiles, electric buses, and energy storage systems. The electric buses segment held 38.67% of the market share in 2021, and this dominance is expected to continue throughout the forecast period. This is owing to the increased use of alternative fuel technology in commercial vehicles such as buses, which produces zero emissions, has faster acceleration, and is quieter to operate. In the market, electric buses are followed by energy storage systems and electric cars.

Key Players:

The report also focuses on the global main industry players in the Electric Vehicle Battery Recycling Market, including company biographies, product images and specs, capacity, production, price, cost, revenue, and contact information. The study examines prominent Electric Vehicle Battery Recycling market businesses and ranks them in the market. The following players are featured in this report:

• ACCUREC Recycling GmbH
• American Manganese Inc.
• Battery Solutions
• LI-CYCLE CORP.
• G & P Service
• Recupyl
• Retriev Technologies
• SITRASA
• SNAM S.A.S.
• Umicore
• Glencore International AG (Switzerland)
• International Metals Reclamation Company
• LLC /INMETCO (US)
• Retriev Technologies (US)
• Australian Battery Recycling Initiative
• IT eCycling Solutions
• Zhuhai Zhongli New Energy Sci-Tech (iNTE)

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Regional Analysis:

The Electric Vehicle Battery Recycling market in each area is further segmented into regions and segments. The study examines and anticipates several nations, as well as current trends and opportunities in the area.

COVID-19 Impact Analysis on Electric Vehicle Battery Recycling Market:

The primary goal of the research is to provide enterprises in the industry with a strategic analysis of the impact of COVID-19. Simultaneously, this research investigated the marketplaces of significant nations and presented their market potential.

Key Questions Answered in the Electric Vehicle Battery Recycling Market Report are:

What are some of the promising growth opportunities in the global Electric Vehicle Battery Recycling market by product type and Region?
Which Electric Vehicle Battery Recycling market segments will grow the fastest, and why?
Which regions will develop quicker?
What are the elements influencing Electric Vehicle Battery Recycling market?
What are the Electric Vehicle Battery Recycling market's business risks?
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