Lithium-Ion Battery Recycling Market to Hit US$ 1,392.8 million by 2028; The Insight Partners
October 28, 2021·8 min readNEW 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.
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