Electric Vehicle Recycled Battery Materials Market Size to reach US$ 300.8 million by 2025
Electric Vehicle Recycled Battery Materials Market: Trends, Analysis & Forecast upto 2025. Discover associated growth opportunities, market dynamics, success factors and more.
(IINews) - The electric vehicle recycled battery materials market size is projected to grow at an impressive rate over the next five years to reach US$ 300.8 million by 2025. A significant increase in the demand for electric vehicles, a large volume of batteries reaching their end-of-life, decreasing the life expectancy of EV batteries, and the scarcity of battery raw materials are likely to drive the EV recycled battery materials market. Along with these factors, government support and imposed regulations regarding EV adoption and battery recycling are expected to boost the recycling of batteries across all regions.
Electric Vehicle Recycled Battery Materials Market Insights:
By Battery Type:
Based on the battery type, the EV recycled battery materials market is segmented as lithium-ion battery and nickel-metal hydride battery. Lithium-ion is likely to remain the most dominant as well as the faster-growing segment over the next five years in terms of both value as well as volume. Lithium-ion batteries are already ruling the EV market, resulting in a large volume of batteries reaching end-of-life.
By Source of Battery Type:
The EV recycled battery materials market is segmented based on the source of batteries as hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs), and battery electric vehicles (BEVs). BEV is likely to remain the growth engine of the market during the forecast period. The vehicle type witnessed the most impressive growth from 2013 as compared to HEV and PHEV.
By Region:
In terms of regions, Asia-Pacific is projected to remain the largest market during the forecast period driven by the huge pile of used batteries in China. Currently, China owns the largest EV fleet size as 99% of E-buses runs in China. Also, the country is the house of all the major EV battery recyclers such as GEM Co. Ltd and Guangdong Brunp Recycling Technology Co. Ltd.
Europe is likely to grow at the highest growth rate over the next five years, owing to the stringent regulations imposed by the European Union. The European Regulation has made it mandatory for battery manufacturers to finance the cost of collecting, treating, and recycling of all the collected batteries. In Europe, Germany and the UK are the growth engines of the EV recycled battery materials market.
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Based on the research, a proper report is crafted with the following key features:
•Market structure: Overview, industry life cycle analysis, supply chain analysis
•Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
•Market trend and forecast analysis
•Market segment trend and forecast
•Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
•Attractive market segments and associated growth opportunities
•Emerging trends
•Strategic growth opportunities for the existing and new players
•Key success factors
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Datum: 12.05.2020 - 07:57 Uhr
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