Lithium-Ion Battery Recycling Market to Hit US$ 1,392.8 million by 2028; The Insight Partners

October 28, 2021·8 min read

NEW YORK,Oct. 28, 2021/PRNewswire/ -- According to The Insight Partners study on "Lithium-Ion Battery Recycling MarketForecast to 2028 – COVID-19 Impact and Global Analysis – by Battery Chemistry, Application, and Geography," the market is projected to reachUS$ 1,392.8 millionby 2028 fromUS$ 423.6 millionin 2021; it is expected to register a CAGR of 19.6% during 2021–2028.

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	Report Coverage	Details
1	Market Size Value in	US$ 403.8 Million in 2019
2	Market Size Value by	US$ 1,392.8 Million by 2028
3	Growth rate	CAGR of 19.6% from 2020-2028
4	Forecast Period	2020-2028
5	Base Year	2019
6	No. of Pages	143
7	No. Tables	56
8	No. of Charts & Figures	75
9	Historical data available	Yes
10	Segments covered	Lithium-Ion Battery Recycling Market Forecast to 2027 - COVID-19 Impact and Global Analysis Byy Technology and Application
11	Regional scope	North America; Europe; Asia Pacific; Latin America; MEA
12	Country scope	US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
13	Report coverage	Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Get Exclusive Sample Pages of Lithium-Ion Battery Recycling Market athttps://www.theinsightpartners.com/sample/TIPRE00009267/

Lithium-ion batteries are becoming crucial and are found in large proportion among industries including automotive, mining, and consumer electronics. Smartphones, cordless power tools, laptops, tablets, and grid-energy storage, and electric vehicles are the prominent applications where lithium-ion batteries are commonly used. Companies such as Tesla and Envirostream are taking necessary steps to promote lithium-ion battery markets. InNovember 2020, Lithium Australia's subsidiary—Envirostream—signed an agreement with SungEel HiTech, a South Korean firm, to supply metals to manufacture recyclable batteries. Envirostream provides energy metals, such as nickel, lithium, and cobalt, extracted from recycled lithium-ion batteries to SungEel HiTech. These minerals are used to deliver environmentally sustainable technology projects. Similarly, Tesla to boasts largest lithium-ion battery at the Hornsdale site inSouth Australia. This project will contribute to improving the energy sector.