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Pulished Date November, 2019
ID: 8836
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Electric Vehicle Battery Recycling Market Segmented by Application (Electric Cars, Electric Busses, Energy Storage Systems, Others), Regional analysis- Global Industry Analysis, Forecast, Trends and Competitive Forecast Report 2019-2024

Pulished: November, 2019
ID: 8836
Pages: 175

Electric Vehicle Battery Recycling Market Growth and Trends:

Electric Vehicle Battery Recycling Market was estimated at USD 138.6 million in 2018 and is expected to expand at CAGR 41% to USD 2.27 Billion by 2024.

Batteries are used as a secondary source of power when the car was launched. The electrical vehicle battery is a secondary (rechargeable) battery that uses chemical energy stored in rechargeable battery packs for power; therefore, no combustion engine is needed for propulsion. Such cells reach a point called the end of life, after which a new one replaces them. Valuable materials inside each of these batteries, which reach the end of their life, can be recovered and reused to maximize the use of scarce metal assets. Aluminium, cobalt, nickel lithium and other kinds of metals can be extracted from these end-of-life batteries.

Electric Vehicle Battery Recycling Market Recent Developments:

On 29 July 2017, Britain joined France in agreeing to ban sales of gasoline and diesel cars by the end of 2040 in order to reduce the emissions of toxic vehicles. It results in excess demand for electric vehicles and, as a result, for battery components and raw materials such as lithium, nickel, cobalt, aluminium and others. Battery manufacturers are struggling to control the supply of raw materials used in the manufacturing of these battery packs as resources are finite and costly. It helps in the recycling of batteries that have hit their end of life. The process removes essential parts from such batteries, which can be then used in other applications due to the shortage of the availability of metal components, such as nickel, cobalt and more.

Many companies are working on effective strategies for the reuse of lithium-ion batteries in an integrated way, after evaluating the future market for recycled raw materials such as nickel, cobalt, lithium and others. For example, Kemetco is collaborating with American Manganese to develop a scalable and commercialized recycling system for Lithium-ion batteries that is both cost-effective and environmentally friendly. In addition, the volume of recycled lithium is expected to meet 9% of the global demand for lithium in various applications.

Drivers and Restraints of Electric Vehicle Battery Recycling Market:

Drivers:

  • Because of finite metal resources, people are now trying to work their way with recycling the electric vehicles batteries, which is a huge driver to the Electrical Vehicle Battery Recycling Market.
  • Environmental concerns led us to set up a few “zero-emission” goals, and this certainly is a massive driver to Battery Recycling Market.
  • There is a rise in requirement for recycled products and materials, which is another driver of Battery Recycling Market.

Restraints:

  • The high cost of setting up these recycling plants might restrict battery recycling market.
  • High recycling gap is another thing that restricts the battery recycling market.

Market Segmentation:

By Application:

  • Electric Cars
  • Electric Buses
  • Energy Storage Systems
  • Others

Out of these, the segment of electric buses is expected to dominate the global market during the forecast period, accounting for almost half of the total market share. This is due to the increasing adoption of alternative fuel technologies in commercial vehicles, such as buses that deliver zero emissions, increased acceleration and quiet service. However, the energy storage systems segment is projected to have the highest CAGR of 47.8% between 2018 and 2025, due to the remanufacturing of lithium-ion batteries to provide a second-life with 70–80% charging capability.

Geographical Segmentation of the Market:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Regional Growth Analysis:

LAMEA is expected to grow by 46.1% at the fastest CAGR during the forecast period due to the high level of adoption of advanced electric vehicle systems in commercial vehicles. In addition, the increase in vehicle emission standards in this area and the increase in demand for fuel-efficient and environmentally friendly technologies are complementing development. Meanwhile, Asia-Pacific is expected to remain the dominant region by 2025, generating almost half of global revenue. This is due to high penetration of smart mobility services, increased government controls, an increase in fuel prices and an increase in the trend towards non-fossil fuel-based vehicles.

Key Players of Market:

The key players listed in this study include ACCUREC Recycling GmbH, American Manganese Inc., Battery Solutions, LI-CYCLE CORP., G&P Company, Recupyl, Retriev Technologies, SITRASA, SNAM S.A.S., and Umicore. They have implemented different strategies, including alliances, joint ventures, partnerships, expansions, mergers and acquisitions, and others, to achieve a strong position in the industry.

Global Electric Vehicle Battery Recycling Market Research Report Key Highlights:

  • Evaluation of the current stage of market and future implications of the market based on the detailed observation of Recent key developments.
  • Address the matter by better understanding the market size estimates through CAGR analysis to forecast the future market.
  • Comprehensive segmentations of the market, detailed evaluation of the market by further sub-segments.
  • Address Market Drivers, Restraints and providing insights for gaining market share.
  • Porter’s Five Forces are used to analyze the factors responsible for the shaping of the industry as it is as a result of competitive environment.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 By Application                           

                                5.1.1 Introduction           

                                5.1.2 Electric Cars            

                                5.1.3 Electric Busses       

                                5.1.4 Energy Storage Systems    

                                5.1.5 Others      

                                5.1.6 Y-o-Y Growth Analysis, By Automation Level           

                                5.1.7 Market Attractiveness Analysis, By Automation Level         

                                5.1.8 Market Share Analysis, By Automation Level           

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Application

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Applicaion

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Application

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 ACCUREC Recycling GmbH                   

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 American Manganese Inc                     

                8.3 Battery Solutions                     

                8.4 LI-CYCLE CORP                           

                8.5 G&P Company                          

                8.6 Recupyl                        

                8.7 Retriev Technologies                              

                8.8 SITRASA                       

                8.9 SNAM S.A.S.                              

                8.10 Umicore                    

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of By Type , By Application, and along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Electric Vehicle Battery Recycling Market By Region, From 2019-2024 ( USD Billion )
  2. Global Electric Vehicle Battery Recycling Market By Application, From 2019-2024 ( USD Billion )
  3. Global Electric Buses Market By Region, From 2019-2024 ( USD Billion )
  4. Global Electric Cars Market By Region, From 2019-2024 ( USD Billion )
  5. Global Energy storage systems Market By Region, From 2019-2024 ( USD Billion )
  6. Global Others Market By Region, From 2019-2024 ( USD Billion )

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