Market Executive Summary

EV Battery Recycling Services Market 2024-2030

EV Battery refers to the battery used to drive electric vehicles. This type of battery needs to have high energy density, high power density and good cycle life. Currently, the most common type of power battery used in electric vehicles is lithium-ion batteries because they offer excellent energy density and cycle life. The capacity of power batteries will continue to decrease as the number of uses increases. After the power declines to 80%, it will no longer be able to provide power for new energy vehicles and will have to face elimination and can only enter the recycling stage.

EV Battery Recycling Service refers to the industry of recycling and processing used power batteries from abandoned electric vehicles. The industry's primary goal is to recycle valuable and hazardous materials in batteries, including lithium, nickel, cobalt, aluminium, etc., so that they can be reused instead of being sent to landfills or incineration facilities.

The recycled EV Battery can be reused or dismantled into recyclable materials.

The most direct route to reuse is energy storage system (ESS) applications, which enable the still usable battery cells in old battery packs to be reused in the renewable energy grid to store energy generated by wind, solar, hydroelectric, or geothermal power plants. Excess electricity generated. EV batteries can also be disassembled into smaller battery modules for less demanding uses, such as power tools, forklifts, or electric scooters.

Dismantling and recycling involve refining lithium batteries through crushing, sorting, and extraction to obtain the corresponding metal oxides. The main processes are divided into front and back processes. The profits from dismantling and recycling are linked to metal prices, and the economics are higher than that of secondary utilization, attracting many companies to enter the industry.

Currently, the main participants in EV Battery Recycling Services include battery manufacturers, vehicle companies and third-party recycling companies, including three power battery recycling business models.

(1) EV Battery recycling led by vehicle companies mainly establishes recycling entities through the formation of industrial alliances. Its advantages lie in its wide recycling channels and strong technical expertise. At the same time, through collaborative cooperation among all links in the industry chain, it can effectively reduce vicious competition, reduce material recycling costs, and improve recycling efficiency and operational efficiency. However, it also needs to share risks.

(2) The model for battery manufacturers to recycle retired power batteries. Participate in the recycling of retired power batteries through the construction of factories and corporate cooperation.

(3) Third-party recycling companies realize battery recycling and resource utilization through self-built recycling networks. Generally entrusted by battery manufacturers or automobile manufacturers, its advantage is that the recycling process is highly mature and professional.

The global EV Battery Recycling Services market size was US$ 503.8 million in 2023 and is forecast to a readjusted size of US$ 8668.8 million by 2030 with a CAGR of 50.0% during the forecast period 2024-2030.

Fully considering the economic change by this health crisis, Recycling Reuse accounting for % of the EV Battery Recycling Services global market in 2023, is projected to value US$ million by 2030, growing at a revised ?GR from 2024 to 2030. While BEV segment is altered to an ?GR throughout this forecast period.

Global key players of EV Battery Recycling Services include Umicore, GER and SDM, etc. The top three players hold a share about 44%. China is the largest market, has a share about 92%. In terms of product type, Recycling Reuse is the largest segment, occupied for a share of about 77%, and in terms of application, BEV has a share about 65 percent.

The market research report offered here is a very useful resource that can help manufacturers, stakeholders, decision-makers, and other market participants to become familiar with every factor impacting the growth of the global EV Battery Recycling Services market. The analysts authoring the report have closely studied key strategies adopted by top players of the global EV Battery Recycling Services market. The report includes SWOT, and other market analyses to provide a clear and deep understanding of important aspects of the global EV Battery Recycling Services market. Readers of the report can become informed about current and future trends of the global EV Battery Recycling Services market and how they will impact market growth during the forecast period.

Market Segmentation

Global EV Battery Recycling Services Companies Covered

Umicore, GER, SDM, Ganfeng Lithium Group, TES-Amm (SK Ecoplant), Li-Cycle, GHTECH, ACCUREC Recycling GmbH, Ecobat, Snam Groupe, Sitrasa, Lithion Technologies, Ascend Elements, Battery Recyclers of America, RecycLiCo, American Battery Technology Company, GANPOWER, Hunan Brunp Recycling Technology, BAIC BluePark New Energy Technology

Global EV Battery Recycling Services Market, by Region

North America (U.S., Canada, Mexico)

Europe (Germany, France, UK, Italy, etc.)

Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)

South America (Brazil, etc.)

Middle East and Africa (Turkey, GCC Countries, Africa, etc.)

Global EV Battery Recycling Services Market, Segment by Type

Recycling Reuse

Cascade Utilization

Global EV Battery Recycling Services Market, Segment by Application

BEV

PHEV

Chapter Outline

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc.), including the market size of each market segment, future development potential, and so on.

Chapter 2: Revenue of EV Battery Recycling Services in global and regional level.

Chapter 3: Detailed analysis of EV Battery Recycling Services companies' competitive landscape, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by type, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by application, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: North America (US & Canada) by type, by application and by country, revenue for each segment.

Chapter 7: Europe by type, by application and by country, revenue for each segment.

Chapter 8: Asia Pacific by type, by application and by region, revenue for each segment.

Chapter 9: Latin America by type, by application and by country, revenue for each segment.

Chapter 10: Middle East and Africa, by type, by application and by country, revenue for each segment.

Chapter 11: Provides profiles of key companies, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, EV Battery Recycling Services revenue, gross margin, and recent development, etc.

Chapter 12: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 13: Research Findings and Conclusion.

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