Global Electric Vehicle Battery Reuse and Recycling Market 2022-2028
Battery recycling is a recycling activity that aims to reduce the number of batteries being disposed as municipal solid waste. The global electric vehicle battery reuse and recycling market was estimated at USD 984 million in 2021 and is expected to hit USD 9,766 million by 2028, registering a CAGR of 38.8% from 2022 to 2028 as per the latest report by Gen Consulting Company.
The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global electric vehicle battery reuse and recycling market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the electric vehicle battery reuse and recycling industry.
This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the battery type, vehicle type, end user, and region. The global market for electric vehicle battery reuse and recycling can be segmented by battery type: lithium-ion batteries, lead-acid batteries, nickel-metal hydride batteries. The lithium-ion batteries segment was the largest contributor to the global electric vehicle battery reuse and recycling market in 2021. Electric vehicle battery reuse and recycling market is further segmented by vehicle type: battery electric vehicle (BEV), fuel cell electric vehicle (FCEV), hybrid electric vehicle (HEV), plug-In hybrid electric vehicle (PHEV). Based on end user, the electric vehicle battery reuse and recycling market is segmented into: commercial vehicle, consumer electronics, energy storage, passenger car. On the basis of region, the electric vehicle battery reuse and recycling market also can be divided into: Asia Pacific, Europe, North America, Rest of the World (RoW).
By battery type:
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