Lithium-ion Battery Recycling Market
Lithium-ion Battery Recycling Market Scope:
Industry Analysis, Market Size, Growth, Trends Till 2031
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Lithium-ion Battery Recycling Market Size and Growth
The Lithium-ion Battery Recycling market is witnessing significant growth, driven by increasing demand for sustainable energy solutions. In 2023, the global market size is estimated to reach approximately $23 billion, fueled by regulatory pressures and advancements in recycling technologies. The trend emphasizes circular economy practices and the reduction of environmental impact.
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Companies Covered
(Covid 19 Impact Covered)
◍ Umicore
◍ GEM
◍ Brunp Recycling
◍ SungEel HiTech
◍ Taisen Recycling
◍ Batrec
◍ Retriev Technologies
◍ Tes-Amm(Recupyl)
◍ Duesenfeld
◍ 4R Energy Corp
◍ OnTo Technology
The Lithium-ion Battery Recycling Market features key players like Umicore, GEM, Brunp Recycling, and others, each leveraging innovative recycling technologies to recover valuable materials, thus fostering sustainability. Their efforts in improving recycling efficiency and reducing environmental impact contribute significantly to market growth. Sales revenues of select companies include:
- Umicore: €3.1 billion
- GEM: $1 billion
- Brunp Recycling: $800 million
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Market Segmentation
By Application
Automotive
Marine
Industrial
Electric Power
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By Product
LiCoO2 Battery
NMC Battery
LiFePO4 Battery
Other
Market Growth
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$ X Billion USD
