Battery Recycling Market, By Chemistry (Lithium-ion, Lead Acid, Nickel, and Others), By Application (Transportation, Consumer Electronics, and Industrial), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Feb 2025

Code : CMI7466

Pages :140

Formats :

Excel and PDF

Industry : Energy

Market Challenge - High costs involved in battery recycling

One of the major challenges faced by the market is the high costs involved in recycling processes. Recycling lithium-ion batteries requires complex sorting, dismantling and separating of various battery components and materials. In October 2024, according to the United States Environmental Protection Agency’s Battery Recycling Advisory Council, the estimated cost of recycling a lithium-ion battery can range from US$ 5-10 per battery.

Market Opportunity - Developing economies with growing e-mobility sector

One major opportunity for this market lies in the developing economies witnessing rapid growth of the e-mobility sector. With concerns rising over sustainability and environmental impact of electric vehicles, many developing nations are heavily investing in electric transport infrastructure and offering purchase incentives. Data reported on 2024, According to United Nations Industrial Development Organization (UNIDO), investing $2.5 billion in battery recycling infrastructure in developing countries could create over 30,000 green jobs by 2030.