DUBLIN–(BUSINESS WIRE)–Aug 31, 2021–
The “Battery Recycling All-around Bazaar Address 2021: COVID-19 Advance and Change” address has been added to ResearchAndMarkets.com’s offering.
The all-around array recycling bazaar is accepted to abound from $9.97 billion in 2020 to $11.04 billion in 2021 at a admixture anniversary advance amount (CAGR) of 10.76%. The bazaar is accepted to ability $16.90 billion in 2025 at a CAGR of 11.23%.
Major players in the array recycling bazaar are Li-Cycle, Array Solutions, LLC, Exide Technologies, Umicore, Aqua Metals, Inc, Gravita India Limited, Exide Industries Ltd, ECOBAT Logistics, East Penn Accomplishment Company, ENERSYS, Fortum Oyj, Accurec Recycling GmbH, Eco-Bat Technologies Ltd, Terrapure Environmental, Brunp Recycling, and Anhua Taisen Recycling Technology.
The array recycling bazaar consists of sales of recycled batteries by entities (organizations, sole traders and partnerships) and accompanying services. Array recycling is the adjustment of reusing and reprocessing batteries in adjustment to abate the cardinal of batteries actuality disposed as waste.
The capital types of batteries that are recycled accommodate lead-acid battery, nickel-based battery, lithium-based array and added array types. Lead acerbic batteries are answerable continuously from the ability filigree and are commonly advised to accommodate ability for abrupt periods of time to acquiesce the ability to appropriately shut bottomward equipment. Lead-acid batteries are acutely recyclable, accomplishing recycling ante of added than 90% in abounding countries.
North America was the better arena in the array recycling bazaar in 2020. The regions covered in this address are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major companies operating in the array recycling bazaar are entering into cardinal collaborations to advance apperceive how and enhance array recycling efficiency.
The accretion acceptance of electric cartage is accepted to drive the advance of the array recycling bazaar in the anticipation period. Electric cartage (EV) are automobiles which are absolutely or partially powered by electricity. Disposing an electric agent array is expensive, decidedly if the decay contains admired materials. Recycling is an befalling to abbreviate activity aeon costs by convalescent high-value abstracts and alienated the amount of chancy decay disposal.
With the advance in EV sales, the cardinal of lithium-ion batteries in the bazaar increases. The bound activity of these batteries requires an able recycling average in adjustment to balance calm antecedent of abstracts for array production, abate the appeal for raw abstracts and abbreviate geopolitical disruptions of the accumulation chain. After a aeon of 5-8 years the ability generated by these batteries is not abundant for the EV, but it can be acclimated in added low-grade applications such as in households, activity backups, renewable activity accumulator and off-peak activity storage.
Recycling EV batteries additionally helps balance the metals – cobalt, lithium, nickel, and others, which can again be acclimated for accomplishment new batteries, extenuative assets and amount of production. According to International Activity Agency, all-around electric agent sales are projected to ability 125 actor by 2030. Therefore, the accretion acceptance of electric cartage propels the advance of the array recycling market.
Key Topics Covered:
1. Executive Summary
2. Array Recycling Bazaar Characteristics
3. Array Recycling Bazaar Trends and Strategies
4. Impact Of COVID-19 On Array Recycling
5. Array Recycling Bazaar Size and Growth
5.1. All-around Array Recycling Historic Market, 2015-2020, Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. All-around Array Recycling Anticipation Market, 2020-2025F, 2030F, Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
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6. Array Recycling Bazaar Segmentation
6.1. All-around Array Recycling Market, Segmentation By Type , Historic and Forecast, 2015-2020, 2020-2025F, 2030F, Billion
6.2. All-around Array Recycling Market, Segmentation By Processing State, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, Billion
6.3. All-around Array Recycling Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, Billion
7. Array Recycling Bazaar Regional and Country Analysis
7.1. All-around Array Recycling Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, Billion
7.2. All-around Array Recycling Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, Billion
Companies Mentioned
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SOURCE: Research and Markets
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PUB: 08/31/2021 11:22 AM/DISC: 08/31/2021 11:22 AM
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